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BSE: 543831 | NSE: | Advertising & Media | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Bright Outdoor Media Ltd is a below average quality company.
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.
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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 5.9% | 4.6% | 6.1% | 8.7% | - |
| Value Creation Index ⓘ | -0.6 | -0.7 | -0.6 | -0.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 70.6 | 24 | 50.5 | 91.5 | 92 |
| Sales YoY Gr. | - | -65.9% | 109.9% | 81.3% | - |
| Adj EPS ⓘ | 1.7 | 1.1 | 2.6 | 5.1 | 4.9 |
| YoY Gr. | - | -36.7% | 143% | 96.2% | - |
| BVPS (₹) ⓘ | 30 | 31 | 33.5 | 69.3 | 91.9 |
| Adj Net Profit ⓘ | 1.7 | 1.1 | 2.6 | 7.1 | 7 |
| Cash Flow from Ops. ⓘ | 1 | 8.1 | 6.6 | -12.4 | - |
| Debt/CF from Ops. ⓘ | 51.8 | 5.9 | 6.2 | -2.7 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 9.1% | 81.3% | ||||
| Adj EPS ⓘ | NA | NA | 44.5% | 96.2% | ||||
| BVPSⓘ | NA | NA | 32.2% | 106.8% | ||||
| Share Price | - | - | - | 205.6% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 5.1 | 3.2 | 7.4 | 10.5 | 6.1 |
| Op. Profit Mgn % ⓘ | 8.8 | 19.6 | 13 | 13.3 | 22.6 |
| Net Profit Mgn % ⓘ | 2.4 | 4.5 | 5.2 | 7.8 | 7.8 |
| Debt to Equity ⓘ | 1.7 | 1.5 | 1.2 | 0.4 | - |
| Working Cap Days ⓘ | 0 | 1,401 | 645 | 372 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 882 | 419 | 234 | 0 |
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%
Return on Equity has declined versus last 3 years average to 6.10%
Sales growth has been subdued in last 3 years 9.05%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 4.9 | 1.3 |
| TTM Sales (₹ Cr.) | 91.5 | 81.3 |
| BVPS (₹.) ⓘ | 91.9 | 0 |
| Reserves (₹ Cr.) ⓘ | 119 | 56 |
| P/BV ⓘ | 5.25 | 0.00 |
| PE ⓘ | 98.70 | 358.95 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 152.50 / 572.00 |
| All Time Low / High (₹) | 150.00 / 572.00 |
| Market Cap (₹ Cr.) | 701 |
| Equity (₹ Cr.) | 14.6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 88.4 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|
| Sales | 71 | 24 | 50 | 92 |
| Operating Expenses ⓘ | 64 | 19 | 44 | 79 |
| Manufacturing Costs | 60 | 16 | 39 | 71 |
| Material Costs | 0 | 0 | 0 | 0 |
| Employee Cost | 2 | 1 | 2 | 2 |
| Other Costs ⓘ | 2 | 2 | 3 | 6 |
| Operating Profit ⓘ | 6 | 5 | 7 | 12 |
| Operating Profit Margin (%) | 8.8% | 19.6% | 13.0% | 13.3% |
| Other Income ⓘ | 1 | 1 | 0 | 0 |
| Interest ⓘ | 5 | 4 | 3 | 3 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 2 | 1 | 4 | 10 |
| Tax ⓘ | 1 | 0 | 1 | 3 |
| Profit After Tax | 2 | 1 | 3 | 7 |
| PAT Margin (%) | 2.4% | 4.5% | 5.1% | 7.8% |
| Adjusted EPS (₹) | 1.7 | 1.1 | 2.6 | 5.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 33 | 34 | 37 | 99 | ||||||
| Share Capital ⓘ | 5 | 5 | 10 | 14 | ||||||
| Reserves ⓘ | 28 | 29 | 27 | 85 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 49 | 47 | 38 | 23 | ||||||
| Long Term Debt | 26 | 23 | 17 | 1 | ||||||
| Short Term Debt | 22 | 24 | 20 | 22 | ||||||
| Trade Payables | 10 | 9 | 9 | 12 | ||||||
| Others Liabilities ⓘ | 9 | 6 | 11 | 20 | ||||||
| Total Liabilities ⓘ | 101 | 97 | 94 | 155 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 9 | 9 | 9 | 9 | ||||||
| Accumulated Depreciation | 5 | 5 | 5 | 6 | ||||||
| Net Fixed Assetsⓘ | 4 | 4 | 4 | 4 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | ||||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | ||||||
| Inventories | 25 | 28 | 31 | 29 | ||||||
| Trade Receivables | 46 | 42 | 36 | 46 | ||||||
| Cash Equivalents | 2 | 2 | 2 | 52 | ||||||
| Others Assetsⓘ | 23 | 21 | 20 | 24 | ||||||
| Total Assets ⓘ | 101 | 97 | 94 | 155 | ||||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 1 | 8 | 7 | -12 |
| PBT ⓘ | 2 | 1 | 4 | 10 |
| Adjustment ⓘ | 5 | 5 | 3 | 2 |
| Changes in Working Capital ⓘ | -5 | 2 | 1 | -22 |
| Tax Paid ⓘ | -1 | 0 | -1 | -3 |
| Cash Flow From Investing Activity ⓘ | 1 | -1 | 0 | -19 |
| Capex | 0 | 0 | 0 | 0 |
| Net Investments | 0 | 0 | 0 | -19 |
| Others ⓘ | 2 | -1 | 1 | 1 |
| Cash Flow From Financing Activityⓘ | -3 | -8 | -7 | 62 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 55 |
| Net Proceeds from Borrowing ⓘ | 0 | -4 | 0 | 0 |
| Interest Paid ⓘ | -5 | -4 | -3 | -3 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 2 | 0 | -4 | 9 |
| Net Cash Flow ⓘ | -1 | 0 | 0 | 31 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 5.63 | 3.5 | 7.94 | 10.89 | ||||||
| ROCE (%) | 8.48 | 6.71 | 8.76 | 12.2 | ||||||
| Asset Turnover Ratio | 0.7 | 0.24 | 0.53 | 0.74 | ||||||
| PAT to CFO Conversion(x) | 0.5 | 8 | 2.33 | -1.71 | Working Capital Days | |||||
| Receivable Days | 238 | 666 | 283 | 164 | ||||||
| Inventory Days | 129 | 402 | 215 | 120 | ||||||
| Payable Days | 0 | 0 | 0 | 0 | ||||||
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
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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