Bright Outdoor Media Ltd - Stock Valuation and Financial Performance

BSE: 543831 | NSE: | Advertising & Media | Small Cap

Bright Outdoor Media Share Price

500.90 -0.10 -0.02%
as on 11-Oct'24 16:01

DeciZen - make an informed investing decision on Bright Outdoor Media

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Bright Outdoor Media stock performance -

mw4me loader
P/E Ratio (SA):
45.44
Market Cap:
728.8 Cr.
52-wk low:
381.1
52-wk high:
572

Is Bright Outdoor Media Ltd an attractive stock to invest in?

1. Is Bright Outdoor Media Ltd a good quality company?

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

2. Is Bright Outdoor Media Ltd undervalued or overvalued?

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

3. Is Bright Outdoor Media Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Bright Outdoor Media 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 Bright Outdoor Media:

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.
Bright Outdoor Media 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'20Mar'21Mar'22Mar'23TTM
ROCE % 8.5%6.7%8.8%12.2%-
Value Creation
Index
-0.4-0.5-0.4-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 70.62450.591.5107
Sales YoY Gr.--65.9%109.9%81.3%-
Adj EPS 1.71.12.65.111
YoY Gr.--36.7%143%96.2%-
BVPS (₹) 303133.569.3100.5
Adj Net
Profit
1.71.12.67.116
Cash Flow from Ops. 18.16.6-12.4-
Debt/CF from Ops. 51.85.96.2-2.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA9.1%81.3%
Adj EPS NANA44.5%96.2%
BVPSNANA32.2%106.8%
Share Price - - - 17.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
5.13.27.410.513
Op. Profit
Mgn %
8.819.61313.322.6
Net Profit
Mgn %
2.44.55.27.815
Debt to
Equity
1.71.51.20.4-
Working Cap
Days
01,4016453720
Cash Conv.
Cycle
08824192340

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 13.00%

Net Profit is growing at healthy rate in last 3 years 44.51%

Debt to equity has declined versus last 3 years average to 0.35

Sales growth is good in last 4 quarters at 13.99%

Sales growth has been subdued in last 3 years 9.05%

Latest Financials - Bright Outdoor Media Ltd.

Standalone Consolidated
TTM EPS (₹) 11 1.3
TTM Sales (₹ Cr.) 107 81.3
BVPS (₹.) 100.5 0
Reserves (₹ Cr.) 132 26
P/BV 4.98 0.00
PE 45.44 373.03
From the Market
52 Week Low / High (₹) 381.10 / 572.00
All Time Low / High (₹) 150.00 / 572.00
Market Cap (₹ Cr.) 729
Equity (₹ Cr.) 14.6
Face Value (₹) 10
Industry PE 53.3

Management X-Ray of Bright Outdoor Media:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Bright Outdoor Media

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23
Sales71245092
Operating Expenses 64194479
Manufacturing Costs60163971
Material Costs0000
Employee Cost 2122
Other Costs 2236
Operating Profit 65712
Operating Profit Margin (%) 8.8%19.6%13.0%13.3%
Other Income 1100
Interest 5433
Depreciation 0000
Exceptional Items 0000
Profit Before Tax 21410
Tax 1013
Profit After Tax 2137
PAT Margin (%) 2.4%4.5%5.1%7.8%
Adjusted EPS (₹)1.71.12.65.1
Dividend Payout Ratio (%)0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 33343799
Share Capital 551014
Reserves 28292785
Minority Interest0000
Debt49473823
Long Term Debt2623171
Short Term Debt22242022
Trade Payables109912
Others Liabilities 961120
Total Liabilities 1019794155

Fixed Assets

Gross Block9999
Accumulated Depreciation5556
Net Fixed Assets4444
CWIP 0000
Investments 0000
Inventories25283129
Trade Receivables46423646
Cash Equivalents 22252
Others Assets23212024
Total Assets 1019794155

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 187-12
PBT 21410
Adjustment 5532
Changes in Working Capital -521-22
Tax Paid -10-1-3
Cash Flow From Investing Activity 1-10-19
Capex 0000
Net Investments 000-19
Others 2-111
Cash Flow From Financing Activity -3-8-762
Net Proceeds from Shares 00055
Net Proceeds from Borrowing 0-400
Interest Paid -5-4-3-3
Dividend Paid 0000
Others 20-49
Net Cash Flow -10031
PARTICULARSMar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)5.633.57.9410.89
ROCE (%)8.486.718.7612.2
Asset Turnover Ratio0.70.240.530.74
PAT to CFO Conversion(x)0.582.33-1.71
Working Capital Days
Receivable Days238666283164
Inventory Days129402215120
Payable Days0000

Bright Outdoor Media Ltd Stock News

Bright Outdoor Media Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Bright Outdoor Media on 11-Oct-2024 16:01 is ₹500.9.
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 11-Oct-2024 16:01 the market cap of Bright Outdoor Media stood at ₹728.8.
The latest P/E ratio of Bright Outdoor Media as of 11-Oct-2024 16:01 is 45.44.
The latest P/B ratio of Bright Outdoor Media as of 11-Oct-2024 16:01 is 4.98.
The 52-week high of Bright Outdoor Media is ₹572.0 and the 52-week low is ₹381.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bright Outdoor Media is ₹106.7 ( Cr.) .

About Bright Outdoor Media Ltd

The company was originally incorporated as a Private Limited under the name “Bright Outdoor Media Private Limited” under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated September 29, 2005 issued by the Assistant Registrar of Companies, Maharashtra, Mumbai. Subsequently, the Company was converted into a Public Limited Company and the name of the Company was changed to “Bright Outdoor Media Limited” vide special resolution passed by the Shareholders at the Extra Ordinary General Meeting held on October 24, 2022 and a Fresh Certificate of Incorporation pursuant to change of name was issued by Registrar of Companies, Maharashtra, Mumbai dated November 24, 2022. 

The company is engaged in the business of providing advertising services offering advertising media services consisting of Out of Home (OOH) media services. Its array of service hoardings includes Railway boards, Railway panels, Transfer stickers, Cinema slides, Promos, full train, Bus panels, Full Bus painting, Mobile sign truck, Kiosks, Traffic Booth, Toll Naka, Gantry and Vinyl. Apart from Out-of- Home (OOH) Advertising and providing various novel communication solutions to clients, the company also offers services assuring multicultural and ethnic Outdoor Advertising campaigns that engage audiences and achieve impact, for every creative need, idea and budget. Apart from business of providing advertising services, the company is also engaged in real estate business which mainly includes sale and purchase of properties and also sharing the same on rental/leave and license basis.

The company’s client domain mainly includes corporate clients operating in various business fields viz. Entertainment Industries, Construction, Education, Jewellery, Insurance, Financial service providers, Aviation, Government Organizations etc., thus providing it exposure to serve clients working in various industries and widening its exposure. The company has purchased the business of Bright Advertising Agency vide Business Purchase and Takeover Agreement dated April 01, 2007. The seller, Bright Advertising Agency, has been carrying on the business of Outdoor Publicity and Advertisement. Whereas, the Company has purchased the entire running business as going concern with all rights, claim, interest in the business and assets of the said sole proprietorship concern.

Business area of the company

The company is engaged in the business of providing advertising services offering advertising media services consisting of Out of Home (OOH) media services.

Key Events/Milestones/Achievements

  • 2005: Incorporation of the Company as Bright Outdoor Media Private Limited.
  • 2007: Purchased the business of Bright Advertising Agency vide Business Purchase and Takeover Agreement dated April 01, 2007.
  • 2014: India’s No. 1 Brand Awards in Best Outdoor Publicity Company Category by No 1 Brands Awards Council.
  • 2016: Society Icon Awards.
  • 2017: India’s No. 1 Brand Awards by International Brand Consulting Corporation, USA.
  • 2018: Mission Muskan Award.
  • 2018: Asia’s Most Trusted Brand Awards.
  • 2018: The Extraordinaire Brand (Brand Vision Award).
  • 2020: Entered into Joint Venture Agreement with ZEST Enterprise and LP Verma Media Marketing Private Limited.
  • 2022: Certificate of World Book of Records London.
  • 2022: India’s Best Brand of the Year Award.
  • 2022: Entered into Joint Venture Agreement with Wallop Advertising Private Limited.
  • 2022: Converted to Public Limited Company and Name changed to “Bright Outdoor Media Limited”.
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