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Last Updated on: 27 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Fundamental Analysis of Brightcom Group Ltd

About the Company - Brightcom Group Ltd

Brightcom Group Ltd. is a Public Limited Listed company incorporated on 28/01/1999 and has its registered office in the State of Andhra Pradesh, India. Company’s Corporate Identification Number(CIN) is L64203TG1999PLC030996 and registration number is 030996. Currently Company is involved in the business activities of Information service activities. Company’s Total Operating Revenue is Rs. 366.81 Cr. and Equity Capital is Rs. 403.58 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
IT Consulting & SoftwareFloor 5, Fairfield by Marriott, Road No 2, Nanakramguda, Hyderabad Telangana 500032ir@brightcomgroup.com
http://www.brightcomgroup.com
Management
NamePosition Held
Mr. M Suresh Kumar ReddyChairman & Managing Director
Mr. Vijay KancharlaExecutive Director
Dr. Surabhi SinhaInd.& Non Exe.Director
Dr. K Jayalakshmi KumariInd.& Non Exe.Director
Mr. Peshwa AcharyaInd.& Non Exe.Director
Mr. Nilendu Narayan ChakrabortyInd.& Non Exe.Director

Basic Stock Data of Brightcom Group Ltd

Last Updated: July 26, 2024, 11:59 am

Market Cap 1,538 Cr.
Current Price 7.62
High / Low26.7/7.62
Stock P/E1.09
Book Value 34.7
Dividend Yield0.00 %
ROCE30.9 %
ROE22.3 %
Face Value 2.00
PEG Ratio0.11

Data Source: screener.in

Competitors of Brightcom Group Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Empower India Ltd 264 Cr. 2.273.86/0.5538.2 2.540.00 %2.38 %2.35 % 1.00
Elnet Technologies Ltd 144 Cr. 360399/2108.23 3480.56 %17.9 %13.4 % 10.0
Ekennis Software Service Ltd 14.7 Cr. 105169/80.0 35.80.00 %1.55 %0.00 % 10.0
eDynamics Solutions Ltd 8.23 Cr. 3.223.22/1.14 13.90.00 %0.06 %0.06 % 10.0
ECS Biztech Ltd 23.4 Cr. 11.414.2/5.928.32 1.040.00 %4.78 %% 10.0
Industry Average53,198.42 Cr758.9687.19116.870.63%20.78%20.71%6.85

Brightcom Group Ltd Quarterly Results

MonthJun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
Sales6406388796996541,1042,0211,2401,4811,6832,8651,3681,690
Expenses4484416284734497541,4528571,0251,1732,0499771,172
Operating Profit192197250226205349569384456510816391518
OPM %30%31%28%32%31%32%28%31%31%30%28%29%31%
Other Income-01119-10-0-1-3-3-110
Interest222-5000000000
Depreciation51556159586063666662686972
Profit before tax139142188191146290506317387445746323446
Tax %27%27%26%27%28%27%27%30%28%28%27%29%28%
Net Profit101103139140106212371223277321544229321
EPS in Rs0.960.971.311.321.001.222.141.111.371.592.701.141.59

Last Updated: July 10, 2024, 3:52 pm

Brightcom Group Ltd Quarterly Chart

Brightcom Group Ltd Profit & Loss

Last Updated: July 10, 2024, 3:52 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,2631,6001,6631,9512,2502,4512,4212,5802,6922,8565,0207,3977,606
Expenses1,0251,4931,2961,3791,5761,7221,7071,8211,9041,9903,5135,2245,372
Operating Profit2381073675726747297147597898651,5072,1732,235
OPM %19%7%22%29%30%30%29%29%29%30%30%29%29%
Other Income341421401-0-31421-2-6-3
Interest283527231615151360000
Depreciation172669416496108135180226246266272
Profit before tax228602735225946195906096176601,2581,9001,959
Tax %16%15%19%34%33%31%31%27%29%27%27%28%
Net Profit192512213424004294074444404839121,3711,415
EPS in Rs0.512.233.454.034.334.104.474.444.574.526.797.02
Dividend Payout %5%0%0%0%2%0%0%0%1%1%7%1%

Brightcom Group Ltd Profit & Loss Yearly Chart

Brightcom Group Ltd Growth

Compounded Sales Growth
10 Years:17%
5 Years:25%
3 Years:40%
TTM:30%
Compounded Profit Growth
10 Years:39%
5 Years:27%
3 Years:46%
TTM:31%
Stock Price CAGR
10 Years:-7%
5 Years:36%
3 Years:-33%
1 Year:-68%
Return on Equity
10 Years:19%
5 Years:19%
3 Years:21%
Last Year:22%

Last Updated: July 26, 2024, 6:29 am

Brightcom Group Ltd Balance Sheet

Last Updated: July 10, 2024, 3:52 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Equity Capital959595959595959595102404404
Reserves8009431,0641,4351,9372,3132,7302,9092,7313,1584,8916,597
Borrowings206188158948179776736000
Other Liabilities599379486461328362358391405428645895
Total Liabilities1,7001,6051,8032,0852,4412,8493,2603,4613,2673,6885,9397,896
Fixed Assets307284274258483567542524695719850975
CWIP42424227017271301285268322179137
Investments8896109107106225251356536567
Other Assets1,3431,2721,4791,5511,6782,1042,3102,4272,0532,2914,3746,218
Total Assets1,7001,6051,8032,0852,4412,8493,2603,4613,2673,6885,9397,896

Brightcom Group Ltd Reserves and Borrowings Chart

Brightcom Group Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -146-10521127624215131551089460287703
Cash from Investing Activity -304-3-60-271-293-80-313-387-272-431-217-266
Cash from Financing Activity 61931-202954-517-109199-22548230
Net Cash Flow169-76-5113321913168618667

Brightcom Group Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days209146173158117116132126132143137148
Inventory Days0000
Days Payable
Cash Conversion Cycle209146173158117116132126132143137148
Working Capital Days157166166159176218251245188205207186
ROCE %40%8%24%37%33%28%22%21%21%22%29%

Brightcom Group Ltd Financial Efficiency Indicators Chart

Brightcom Group Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters7.04%4.19%4.12%3.51%18.48%18.47%18.47%18.48%18.43%18.38%18.38%18.38%
FIIs0.19%0.38%1.87%12.15%13.55%14.00%14.55%15.79%8.90%9.53%10.53%10.70%
DIIs0.00%0.00%0.00%0.00%0.07%0.05%0.06%0.08%0.08%0.11%0.17%0.15%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.00%0.00%0.00%0.00%
Public92.76%95.43%94.01%84.34%67.91%67.45%66.91%65.66%72.57%71.97%70.92%70.76%
No. of Shareholders77,6361,07,7102,11,9732,67,9183,14,8513,68,0704,08,2444,41,5114,83,3675,36,4925,75,4056,62,441

Brightcom Group Ltd Shareholding Pattern Chart

No. of Brightcom Group Ltd Shareholders

Brightcom Group Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Nifty Smallcap 250 Index Fund1,051,7280.211.791,051,7282024-07-260%
Motilal Oswal Nifty Smallcap 250 Index Fund642,6570.211.091,051,7282024-07-26-38.9%
SBI Nifty Smallcap 250 Index Fund502,0740.210.851,051,7282024-07-26-52.26%
Motilal Oswal Nifty 500 Index Fund70,1400.020.121,051,7282024-07-26-93.33%
Edelweiss Nifty Smallcap 250 Index Fund26,0680.210.041,051,7282024-07-26-97.52%
Groww Nifty Total Market Index Fund4,5040.020.011,051,7282024-07-26-99.57%
Motilal Oswal Nifty 500 ETF3,0040.020.011,051,7282024-07-26-99.71%

Brightcom Group Ltd ROCE Trend

Brightcom Group Ltd EPS Trend

Brightcom Group Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)6.794.529.519.249.32
Diluted EPS (Rs.)6.794.529.519.249.32
Cash EPS (Rs.)8.115.7413.9713.0112.16
Book Value[Excl.RevalReserv]/Share (Rs.)34.6826.2464.2159.3563.07
Book Value[Incl.RevalReserv]/Share (Rs.)34.6826.2464.2159.3563.07
Revenue From Operations / Share (Rs.)36.6424.8856.2656.5354.18
PBDIT / Share (Rs.)10.737.4617.4616.8615.89
PBIT / Share (Rs.)9.426.2413.0013.0913.05
PBT / Share (Rs.)9.416.2313.0012.9612.78
Net Profit / Share (Rs.)6.794.529.519.249.32
NP After MI And SOA / Share (Rs.)6.794.529.519.249.32
PBDIT Margin (%)29.2829.9731.0329.8229.33
PBIT Margin (%)25.6925.0723.1123.1524.09
PBT Margin (%)25.6825.0623.1122.9223.58
Net Profit Margin (%)18.5318.1716.9116.3417.20
NP After MI And SOA Margin (%)18.5318.1716.9116.3417.20
Return on Networth / Equity (%)19.5817.2214.8115.5714.78
Return on Capital Employeed (%)27.0923.7020.1721.9520.61
Return On Assets (%)17.3615.3513.0813.4512.81
Total Debt / Equity (X)0.000.000.000.010.02
Asset Turnover Ratio (%)1.070.130.170.210.22
Current Ratio (X)6.876.695.124.424.94
Quick Ratio (X)6.876.695.124.424.94
Dividend Payout Ratio (NP) (%)0.000.570.520.000.00
Dividend Payout Ratio (CP) (%)0.000.440.350.000.00
Earning Retention Ratio (%)0.0099.4399.480.000.00
Cash Earning Retention Ratio (%)0.0099.5699.650.000.00
Interest Coverage Ratio (X)5285.704787.328354.44127.5057.44
Interest Coverage Ratio (Post Tax) (X)3346.522903.324554.4370.8834.69
Enterprise Value (Cr.)1543.3918909.57292.8064.66113.93
EV / Net Operating Revenue (X)0.203.770.100.020.04
EV / EBITDA (X)0.7112.570.330.080.15
MarketCap / Net Operating Revenue (X)0.393.920.140.050.05
Retention Ratios (%)0.0099.4299.470.000.00
Price / BV (X)0.423.710.120.050.04
Price / Net Operating Revenue (X)0.393.920.140.050.05
EarningsYield0.460.041.152.982.97

Brightcom Group Ltd Profitability Ratios (%)

Brightcom Group Ltd Liquidity Ratios

Brightcom Group Ltd Liquidity Ratios (%)

Brightcom Group Ltd Interest Coverage Ratios (%)

Brightcom Group Ltd Valuation Ratios

Fair Value

Fair Value: 8.60

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 12.90% compared to the current price 7.62

Intrinsic Value: 9.43

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 23.74% compared to the current price 7.62

Last 5 Year EPS CAGR: 9.60%

*Investments are subject to market risks

Strength and Weakness of Brightcom Group Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 23.75%, which is a positive sign.
  2. The company has higher reserves (2,625.67 cr) compared to borrowings (82.17 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (2.69 cr) and profit (367.31 cr) over the years.
  1. The stock has a high average Working Capital Days of 193.67, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 144.75, which may not be favorable.

FAQ

What is the latest fair value of Brightcom Group Ltd?

The latest fair value of Brightcom Group Ltd is ₹8.60.

What is the Market Cap of Brightcom Group Ltd?

The Market Cap of Brightcom Group Ltd is 1,538 Cr..

What is the current Stock Price of Brightcom Group Ltd as on 27 July 2024?

The current stock price of Brightcom Group Ltd as on 27 July 2024 is 7.62.

What is the High / Low of Brightcom Group Ltd stocks in FY 2024?

In FY 2024, the High / Low of Brightcom Group Ltd stocks is 26.7/7.62.

What is the Stock P/E of Brightcom Group Ltd?

The Stock P/E of Brightcom Group Ltd is 1.09.

What is the Book Value of Brightcom Group Ltd?

The Book Value of Brightcom Group Ltd is 34.7.

What is the Dividend Yield of Brightcom Group Ltd?

The Dividend Yield of Brightcom Group Ltd is 0.00 %.

What is the ROCE of Brightcom Group Ltd?

The ROCE of Brightcom Group Ltd is 30.9 %.

What is the ROE of Brightcom Group Ltd?

The ROE of Brightcom Group Ltd is 22.3 %.

What is the Face Value of Brightcom Group Ltd?

The Face Value of Brightcom Group Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Brightcom Group Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE