Share Price and Basic Stock Data
Last Updated: November 12, 2025, 5:30 pm
| PEG Ratio | 1.00 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
Bright Outdoor Media Ltd operates within the Advertising & Media Agency sector, reporting a current market capitalization of ₹862 Cr and a share price of ₹395. The company has demonstrated a robust growth trajectory, with sales increasing from ₹71 Cr in FY 2020 to ₹107 Cr in FY 2024, reflecting a compounded annual growth rate (CAGR) of over 37%. In the latest reported quarter ending September 2023, sales stood at ₹41 Cr, a sequential decline from ₹47 Cr in March 2023, but projected growth is expected as FY 2025 sales are anticipated to reach ₹127 Cr. The operating profit margin (OPM) has improved significantly, recording 26% in March 2024, up from just 9% in March 2020. This improvement indicates effective cost management strategies and a shift towards higher-margin advertising services. The company’s operational efficiency is further supported by a cash conversion cycle (CCC) of 173 days, which is a substantial improvement from 238 days in March 2020, indicating a more efficient use of resources in generating revenue.
Profitability and Efficiency Metrics
Bright Outdoor Media Ltd’s profitability metrics reflect a strong performance, with a net profit of ₹19 Cr reported for FY 2025, up from ₹2 Cr in FY 2020. The net profit margin has also improved significantly, standing at 15% in FY 2025, compared to just 2.71% in FY 2020. The company recorded an operating profit of ₹26 Cr in FY 2025, with an OPM of 21%, showcasing its ability to maintain profitability amidst fluctuating sales. Return on Equity (ROE) stood at 12.3%, while Return on Capital Employed (ROCE) was 15.7%, both of which are competitive figures within the sector. Additionally, the interest coverage ratio (ICR) stood at 1.69x, indicating that the company comfortably covers its interest obligations despite having zero borrowings as of FY 2025. This financial leverage position allows for more strategic investments and growth opportunities without the burden of debt, thus enhancing overall financial stability.
Balance Sheet Strength and Financial Ratios
The balance sheet of Bright Outdoor Media Ltd exhibits considerable strength, particularly with zero borrowings as of March 2025, a notable improvement from ₹52 Cr in March 2020. This shift not only underscores the company’s effective capital management but also positions it favorably for future investments and growth initiatives. The reserves have increased from ₹28 Cr in March 2020 to ₹149 Cr in March 2025, reflecting a solid accumulation of retained earnings. The company’s financial ratios show a healthy current ratio, supporting liquidity, and an absence of long-term debt enhances its financial flexibility. However, the Price-to-Earnings (P/E) ratio of 45.2 suggests that the stock may be trading at a premium compared to typical sector norms, which could indicate potential overvaluation concerns. The absence of a P/BV ratio suggests that the company may not have significant tangible assets to back its market valuation, a factor that investors should monitor closely.
Shareholding Pattern and Investor Confidence
The shareholding pattern of Bright Outdoor Media Ltd reflects a stable investor composition, with promoters holding 69.76% of the equity as of March 2025, indicating strong insider confidence in the company’s prospects. Foreign Institutional Investors (FIIs) have gradually increased their stake to 9.78%, a rise from negligible levels in previous periods, suggesting growing interest from foreign investors. Conversely, Domestic Institutional Investors (DIIs) hold a minimal 0.50%, indicating a potential area for growth in institutional support. The public shareholding stands at 19.96%, which is relatively low compared to many other firms in the sector, implying that there may be opportunities for increasing retail participation. The number of shareholders has fluctuated, reaching 667 by July 2025, which could suggest evolving investor sentiment towards the stock as it continues to showcase growth in profitability and operational efficiency.
Outlook, Risks, and Final Insight
Looking ahead, Bright Outdoor Media Ltd appears well-positioned for continued growth, driven by increasing revenues and profitability metrics. The company’s zero debt status and rising reserves provide a solid foundation for future investments. However, risks remain, including potential fluctuations in advertising spending and competitive pressures within the media sector, which could impact sales growth. Additionally, the high P/E ratio may raise concerns about valuation sustainability if growth does not meet investor expectations. The company must also navigate the evolving advertising landscape, which is increasingly digital-centric. As such, strategic adaptations will be essential. If Bright Outdoor Media can effectively leverage its strengths while mitigating these risks, it could solidify its position within the industry and enhance shareholder value over the long term.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of Bright Outdoor Media Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Bright Outdoor Media Ltd | 851 Cr. | 390 | 419/268 | 44.6 | 75.1 | 0.13 % | 15.7 % | 12.3 % | 10.0 |
| Industry Average | 851.00 Cr | 390.00 | 44.60 | 75.10 | 0.13% | 15.70% | 12.30% | 10.00 |
Quarterly Result
| Metric | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Sales | 36 | 45 | 47 | 41 | 65 | 57 | 70 |
| Expenses | 31 | 38 | 41 | 36 | 48 | 44 | 56 |
| Operating Profit | 4 | 7 | 5 | 5 | 17 | 13 | 13 |
| OPM % | 13% | 15% | 11% | 13% | 26% | 22% | 19% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Interest | 2 | 1 | 1 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Profit before tax | 3 | 6 | 4 | 6 | 16 | 12 | 13 |
| Tax % | 27% | 25% | 27% | 25% | 26% | 25% | 23% |
| Net Profit | 2 | 4 | 3 | 4 | 12 | 9 | 10 |
| EPS in Rs | 1.51 | 2.74 | 1.41 | 2.01 | 5.43 | 4.19 | 4.56 |
Last Updated: August 1, 2025, 5:50 am
Below is a detailed analysis of the quarterly data for Bright Outdoor Media Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:
- For Sales, as of Mar 2025, the value is 70.00 Cr.. The value appears strong and on an upward trend. It has increased from 57.00 Cr. (Sep 2024) to 70.00 Cr., marking an increase of 13.00 Cr..
- For Expenses, as of Mar 2025, the value is 56.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 44.00 Cr. (Sep 2024) to 56.00 Cr., marking an increase of 12.00 Cr..
- For Operating Profit, as of Mar 2025, the value is 13.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 13.00 Cr..
- For OPM %, as of Mar 2025, the value is 19.00%. The value appears to be declining and may need further review. It has decreased from 22.00% (Sep 2024) to 19.00%, marking a decrease of 3.00%.
- For Other Income, as of Mar 2025, the value is 1.00 Cr.. The value appears strong and on an upward trend. It has increased from 0.00 Cr. (Sep 2024) to 1.00 Cr., marking an increase of 1.00 Cr..
- For Interest, as of Mar 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 0.00 Cr..
- For Depreciation, as of Mar 2025, the value is 1.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 1.00 Cr..
- For Profit before tax, as of Mar 2025, the value is 13.00 Cr.. The value appears strong and on an upward trend. It has increased from 12.00 Cr. (Sep 2024) to 13.00 Cr., marking an increase of 1.00 Cr..
- For Tax %, as of Mar 2025, the value is 23.00%. The value appears to be improving (decreasing) as expected. It has decreased from 25.00% (Sep 2024) to 23.00%, marking a decrease of 2.00%.
- For Net Profit, as of Mar 2025, the value is 10.00 Cr.. The value appears strong and on an upward trend. It has increased from 9.00 Cr. (Sep 2024) to 10.00 Cr., marking an increase of 1.00 Cr..
- For EPS in Rs, as of Mar 2025, the value is 4.56. The value appears strong and on an upward trend. It has increased from 4.19 (Sep 2024) to 4.56, marking an increase of 0.37.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: October 15, 2025, 3:43 am
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Sales | 71 | 24 | 50 | 92 | 107 | 127 |
| Expenses | 64 | 19 | 44 | 79 | 84 | 101 |
| Operating Profit | 6 | 5 | 7 | 12 | 23 | 26 |
| OPM % | 9% | 20% | 13% | 13% | 21% | 21% |
| Other Income | 1 | 1 | 0 | 0 | 1 | 1 |
| Interest | 5 | 4 | 3 | 3 | 1 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 2 |
| Profit before tax | 2 | 1 | 4 | 10 | 22 | 25 |
| Tax % | 24% | 27% | 27% | 26% | 26% | 24% |
| Net Profit | 2 | 1 | 3 | 7 | 16 | 19 |
| EPS in Rs | 2.25 | 1.39 | 1.70 | 3.40 | 7.36 | 8.75 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 5% | 4% |
YoY Net Profit Growth
| Year | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | -50.00% | 200.00% | 133.33% | 128.57% | 18.75% |
| Change in YoY Net Profit Growth (%) | 0.00% | 250.00% | -66.67% | -4.76% | -109.82% |
Bright Outdoor Media Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 5 years from 2020-2021 to 2024-2025.
Growth
Last Updated: September 5, 2025, 2:46 pm
No data available for the Balance Sheet data table.
Cash Flow - No data available for this post.
Financial Efficiency Indicators
| Month | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Debtor Days | 238 | 633 | 264 | 183 | 214 | 173 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 238 | 633 | 264 | 183 | 214 | 173 |
| Working Capital Days | 268 | 718 | 329 | 169 | 297 | 326 |
| ROCE % | 6% | 9% | 12% | 15% | 16% |
This stock is not held by any mutual fund.
Key Financial Ratios
| Month | Mar 20 |
|---|---|
| FaceValue | 10.00 |
| Basic EPS (Rs.) | 1.93 |
| Diluted EPS (Rs.) | 1.93 |
| Cash EPS (Rs.) | 4.94 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 62.26 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 68.36 |
| Revenue From Operations / Share (Rs.) | 160.45 |
| PBDIT / Share (Rs.) | 15.76 |
| PBIT / Share (Rs.) | 15.18 |
| PBT / Share (Rs.) | 5.85 |
| Net Profit / Share (Rs.) | 4.36 |
| NP After MI And SOA / Share (Rs.) | 3.86 |
| PBDIT Margin (%) | 9.82 |
| PBIT Margin (%) | 9.46 |
| PBT Margin (%) | 3.64 |
| Net Profit Margin (%) | 2.71 |
| NP After MI And SOA Margin (%) | 2.40 |
| Return on Networth / Equity (%) | 6.31 |
| Return on Capital Employeed (%) | 12.52 |
| Return On Assets (%) | 1.84 |
| Long Term Debt / Equity (X) | 0.86 |
| Total Debt / Equity (X) | 1.68 |
| Current Ratio (X) | 2.24 |
| Quick Ratio (X) | 1.68 |
| Interest Coverage Ratio (X) | 1.69 |
| Interest Coverage Ratio (Post Tax) (X) | 1.47 |
After reviewing the key financial ratios for Bright Outdoor Media Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 20, the value is 10.00. This value is within the healthy range. No previous period data is available for comparison.
- For Basic EPS (Rs.), as of Mar 20, the value is 1.93. This value is below the healthy minimum of 5. No previous period data is available for comparison.
- For Diluted EPS (Rs.), as of Mar 20, the value is 1.93. This value is below the healthy minimum of 5. No previous period data is available for comparison.
- For Cash EPS (Rs.), as of Mar 20, the value is 4.94. This value is within the healthy range. No previous period data is available for comparison.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 20, the value is 62.26. No previous period data is available for comparison.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 20, the value is 68.36. No previous period data is available for comparison.
- For Revenue From Operations / Share (Rs.), as of Mar 20, the value is 160.45. No previous period data is available for comparison.
- For PBDIT / Share (Rs.), as of Mar 20, the value is 15.76. This value is within the healthy range. No previous period data is available for comparison.
- For PBIT / Share (Rs.), as of Mar 20, the value is 15.18. This value is within the healthy range. No previous period data is available for comparison.
- For PBT / Share (Rs.), as of Mar 20, the value is 5.85. This value is within the healthy range. No previous period data is available for comparison.
- For Net Profit / Share (Rs.), as of Mar 20, the value is 4.36. This value is within the healthy range. No previous period data is available for comparison.
- For NP After MI And SOA / Share (Rs.), as of Mar 20, the value is 3.86. This value is within the healthy range. No previous period data is available for comparison.
- For PBDIT Margin (%), as of Mar 20, the value is 9.82. This value is below the healthy minimum of 10. No previous period data is available for comparison.
- For PBIT Margin (%), as of Mar 20, the value is 9.46. This value is below the healthy minimum of 10. No previous period data is available for comparison.
- For PBT Margin (%), as of Mar 20, the value is 3.64. This value is below the healthy minimum of 10. No previous period data is available for comparison.
- For Net Profit Margin (%), as of Mar 20, the value is 2.71. This value is below the healthy minimum of 5. No previous period data is available for comparison.
- For NP After MI And SOA Margin (%), as of Mar 20, the value is 2.40. This value is below the healthy minimum of 8. No previous period data is available for comparison.
- For Return on Networth / Equity (%), as of Mar 20, the value is 6.31. This value is below the healthy minimum of 15. No previous period data is available for comparison.
- For Return on Capital Employeed (%), as of Mar 20, the value is 12.52. This value is within the healthy range. No previous period data is available for comparison.
- For Return On Assets (%), as of Mar 20, the value is 1.84. This value is below the healthy minimum of 5. No previous period data is available for comparison.
- For Long Term Debt / Equity (X), as of Mar 20, the value is 0.86. This value is within the healthy range. No previous period data is available for comparison.
- For Total Debt / Equity (X), as of Mar 20, the value is 1.68. This value exceeds the healthy maximum of 1. No previous period data is available for comparison.
- For Current Ratio (X), as of Mar 20, the value is 2.24. This value is within the healthy range. No previous period data is available for comparison.
- For Quick Ratio (X), as of Mar 20, the value is 1.68. This value is within the healthy range. No previous period data is available for comparison.
- For Interest Coverage Ratio (X), as of Mar 20, the value is 1.69. This value is below the healthy minimum of 3. No previous period data is available for comparison.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 20, the value is 1.47. This value is below the healthy minimum of 3. No previous period data is available for comparison.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
Unable to fetch valid data for stock valuation.Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Bright Outdoor Media Ltd:
- Net Profit Margin: 2.71%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 12.52% (Industry Average ROCE: 15.7%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 6.31% (Industry Average ROE: 12.3%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 1.47
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 1.68
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 44.6 (Industry average Stock P/E: 44.6)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 1.68
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 2.71%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Advertising & Media Agency | 801, 8th Floor, Crescent Tower, Mumbai Maharashtra 400053 | investor@brightoutdoor.com http://www.brightoutdoor.com |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Yogesh Jiwanlal Lakhani | Chairman & Managing Director |
| Mr. Jagruti Yogesh Lakhani | Whole Time Director |
| Mr. Ameet Kumar Vilaschandra Mehta | Ind. Non-Executive Director |
| Mr. Bhavesh Kirti Mathuria | Ind. Non-Executive Director |
| Mr. Roshan Suresh Oswal | Ind. Non-Executive Director |