Brightcom Group Ltd - Stock Valuation and Financial Performance

BSE: 532368 | NSE: BCG | IT - Software | Small Cap

Brightcom Group Share Price

10.53 -0.55 -4.96%
as on 18-May'24 11:38

DeciZen - make an informed investing decision on Brightcom Group

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Brightcom Group stock performance -

mw4me loader
P/E Ratio (SA):
123.66
Market Cap:
2,236.5 Cr.
52-wk low:
11.1
52-wk high:
36.8

Is Brightcom Group Ltd an attractive stock to invest in?

1. Is Brightcom Group Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Brightcom Group Ltd is a below average quality company.

2. Is Brightcom Group Ltd undervalued or overvalued?

The key valuation ratios of Brightcom Group Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Brightcom Group Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Brightcom Group Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Brightcom Group:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Brightcom Group Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 2.3%2.8%1%0.5%1.2%1%1.2%0.3%1%0.3%-
Value Creation
Index
-0.8-0.8-0.9-1.0-0.9-0.9-0.9-1.0-0.9-1.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 590604492458466455459467366367491
Sales YoY Gr.-2.3%-18.6%-6.8%1.9%-2.4%0.7%1.8%-21.6%0.2%-
Adj EPS 00.1-0.1-0.1-0-0-0-00.100.1
YoY Gr.-75%-171.4%NANANANANANA-71.4%-
BVPS (₹) 6.26.26.165.95.95.95.95.887.9
Adj Net
Profit
47.1-5.1-7.6-1.3-2.7-0.6-2.57.13.318
Cash Flow from Ops. 21.6-25.664.73.710.22-8.8-7.9-23.3-456-
Debt/CF from Ops. 11.9-9.22.74516.181.3-17.9-17.1-4.2-0.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -5.2%-4.7%-7.2%0.2%
Adj EPS -7.4%NANA-71.4%
BVPS2.9%6.4%11%37.7%
Share Price 3.4% 30.7% 38.1% -33.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on
Equity %
0.71.2-0.8-1.3-0.2-0.5-0.1-0.41.20.31.1
Op. Profit
Mgn %
5.913.93.823.42.52.3-1.9-2.31.23.6
Net Profit
Mgn %
0.71.2-1-1.7-0.3-0.6-0.1-0.51.90.93.7
Debt to
Equity
0.40.40.30.30.30.30.30.20.20.1-
Working Cap
Days
386343369316276287289275331712459
Cash Conv.
Cycle
-1,252-398-381-123-51614-12-1117411

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 1.10%

Sales growth is good in last 4 quarters at 31.33%

Sales growth has been subdued in last 3 years -7.17%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Brightcom Group Ltd.

Standalone Consolidated
TTM EPS (₹) 0.1 7
TTM Sales (₹ Cr.) 491 7,606
BVPS (₹.) 7.9 36.3
Reserves (₹ Cr.) 1,180 6,919
P/BV 1.41 0.31
PE 123.66 1.58
From the Market
52 Week Low / High (₹) 11.08 / 36.82
All Time Low / High (₹) 1.08 / 122.88
Market Cap (₹ Cr.) 2,237
Equity (₹ Cr.) 403.7
Face Value (₹) 2
Industry PE 31.1

Management X-Ray of Brightcom Group:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *11.139.894.734.634.634.634.633.672.502.50
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Brightcom Group

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22
Sales590604492458466455459467366367
Operating Expenses 556520473449453444452475374365
Manufacturing Costs2333322334
Material Costs0000000000
Employee Cost 33323449514950503938
Other Costs 520485436397399393400423333322
Operating Profit 358419913117-9-82
Operating Profit Margin (%) 5.9%13.9%3.8%2.0%2.9%2.4%1.4%-1.9%-2.3%0.6%
Other Income 12611101515212
Interest 23241916151513600
Depreciation 1253112111100
Exceptional Items 0000000000
Profit Before Tax 11140-7-3-4-2-1124
Tax 05-2-10-11042
Profit After Tax 1092-7-3-3-3-182
PAT Margin (%) 1.7%1.5%0.4%-1.4%-0.6%-0.6%-0.7%-0.3%2.2%0.5%
Adjusted EPS (₹)0.10.10.0-0.10.00.00.00.00.10.0
Dividend Payout Ratio (%)0%0%0%-73%0%0%0%-167%31%3,529%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22

Equity and Liabilities

Shareholders Fund 6156126065945855835835816161,620
Share Capital 9595959595959595102404
Reserves 5205175114994904884884865151,216
Minority Interest0000000000
Debt24522216015615415415813597100
Long Term Debt12614089878586919997100
Short Term Debt1198371686868673600
Trade Payables2131288738313234362824
Others Liabilities 1071191088096104100959546
Total Liabilities 1,1791,0829618688668748758488371,789

Fixed Assets

Gross Block1231235555555555555555
Accumulated Depreciation491024850515354545555
Net Fixed Assets742175432111
CWIP 0000000000
Investments 511511511511509509509509509678
Inventories0000000000
Trade Receivables388363295223218228228216183180
Cash Equivalents 9010000006
Others Assets198188147129135133137122144925
Total Assets 1,1791,0829618688668748758488371,789

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22
Cash Flow From Operating Activity 22-26654102-9-8-23-456
PBT 11140-7-3-4-2-1124
Adjustment 165716872-3131-2
Changes in Working Capital -5-9749364-4-20-36-454
Tax Paid 00000000-1-4
Cash Flow From Investing Activity -5000000000
Capex -3000000000
Net Investments 0000000000
Others -2000000000
Cash Flow From Financing Activity -1717-64-4-10-29823461
Net Proceeds from Shares 0000000031836
Net Proceeds from Borrowing -1714-51-1-200000
Interest Paid -3-5-5-3-2-20000
Dividend Paid 0000-600000
Others 47-800098-8-375
Net Cash Flow 0-90-1000006
PARTICULARSMar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22
Ratios
ROE (%)1.681.490.29-1.09-0.48-0.5-0.55-0.251.370.15
ROCE (%)3.84.362.381.091.591.491.490.711.720.34
Asset Turnover Ratio0.480.530.480.50.540.520.520.540.430.28
PAT to CFO Conversion(x)2.2-2.8932.5N/AN/AN/AN/AN/A-2.88-228
Working Capital Days
Receivable Days258227244207173179181174199180
Inventory Days0000000000
Payable Days0000000000

Brightcom Group Ltd Stock News

Brightcom Group Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Brightcom Group on 18-May-2024 11:38 is ₹10.53.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 18-May-2024 11:38 the market cap of Brightcom Group stood at ₹2,236.5.
The latest P/E ratio of Brightcom Group as of 18-May-2024 11:38 is 123.7.
The latest P/B ratio of Brightcom Group as of 18-May-2024 11:38 is 1.41.
The 52-week high of Brightcom Group is ₹36.82 and the 52-week low is ₹11.08.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Brightcom Group is ₹490.9 ( Cr.) .

About Brightcom Group Ltd

Brightcom Group consolidates Ad-tech, New Media and “Internet of Things” (IoT) based businesses across the globe, primarily in the digital eco-system. Coming off as a greeting card company in 1998, Brightcom today has come a long way in representing the latest generation of internet, internet applications, services and tech platforms powered by the changing next generation environment.

The company is well poised toward the next generation internet and tech platforms typically converging analytics, Advertisers and Publishers data management, tools for application development and extension, integration, and intelligent technologies such as artificial intelligence (AI), machine learning(ML), and the Internet of Things (IoT).

Brightcom group’s renowned global presence, including in the US, Israel, Latin America ME, Western Europe and Asia Pacific regions, positions it at the forefront of the digital landscape, enabling it to support partners in their efforts to leverage and benefit from current global trends. It has the technological platform and human knowledge to do so.

The company’s clients include leading blue chip advertisers like Airtel, British Airways, Coca-Cola, Hyundai Motors, ICICI Bank, ITC, ING, Lenovo, LIC, Maruti Suzuki, MTV, P&G, Qatar Airways, Samsung, Viacom, Sony, Star India, Vodafone, Titan, and Unilever. Publishers include Facebook, LinkedIn, MSN, Twitter, and Yahoo! Brightcom works with agencies like Havas Digital, JWT, Mediacom, Mindshare, Neo@Ogilvy, Ogilvy One, OMD, Satchi&Satchi, TBWA, and ZenithOptiMedia, to name a few.

The company’s office in India is located in Hyderabad. Its international offices are located at San Jose, CA; Boston, US; Herzliya-Israel; Singapore; UAE; SidneyAustralia; Mexico City-Mexico; Chile, Buenos Aires -Argentina; Belgrade-Serbia; Berlin-Germany; BrasiliaBrazil; Montevideo, Paraguay; Asuncion-Paraguay, UK; France.

Business area of the company

The company is a leading global provider of comprehensive online or digital marketing services to direct marketers, brand advertisers, and marketing agencies. The Company is divided into three major divisions: (i) Media (Ad-Tech and digital marketing), (ii) Software services, and (iii) Future technologies. The company's primary clients are end advertisers, agencies and publishers, but also include ad exchanges & networks.

The company’s offerings

  • ONETAG: The tag created by using One Tag helps in Media and Ad Optimization. Its technology ensures a 100% fill rate. The advertisers can seamlessly integrate / switch the Tag with any DSP. The Ad performance is constantly monitored and helps in optimizing the programmatic campaign. The tag’s efficient fraud detection system helps publishers by preventing counterfeiting and ensures a clean, transparent programmatic ecosystem. It also provides multiple reports to help Publishers / Advertisers in monitoring the Ad performance.
  • VOLOMP: A mass mailing tool for affiliate marketers which can be seamlessly integrated to any CRM platform. It helps the customers to schedule campaigns, send millions of mails with minimal effort and monitor campaign performance.
  • COMPASS: Brightcom’s proprietary technology platform, Compass enables publishers to maximize yield by monetizing their media across all their devices utilizing solutions like real-time bidding, tag integration, header bidding, and other hybrid solutions.
  • PROXYTOOL: It is a Firefox installable tool bar with user authentication and admin functions.
  • PANGEA: It is a proprietary optimization approach which enables quality conversions with a full user funnel tracking system-please check if this is right to achieve optimum results.
  • B-Local: B-local is a local news audience exchange providing demand partners with direct access to people’s everyday lives.
  • BRIGHTCOM PROGRAMMATIC PLATFORM: It is a platform that allows the programmatic trading of ads, primarily video based. It allows for seamless integration and maximum yield over video and display, both mobile and desktop. It provides a visual analytics interface and also quality and advertising fraud monitoring mechanism.

Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.