String Metaverse Ltd
Incorporated in 1994, Bio Green Papers Ltd provides services of software development[1]
- Market Cap ₹ 2,918 Cr.
- Current Price ₹ 251
- High / Low ₹ 292 / 11.8
- Stock P/E 61.0
- Book Value ₹ 8.33
- Dividend Yield 0.00 %
- ROCE 26.0 %
- ROE 25.8 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company's working capital requirements have reduced from 25.3 days to 10.7 days
Cons
- Stock is trading at 30.1 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Information Technology Information Technology IT - Services IT Enabled Services
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 10 | 10 | 0 | 0 | 151 | 407 | 556 | |
| 9 | 9 | 3 | 1 | 138 | 366 | 500 | |
| Operating Profit | 1 | 1 | -3 | -1 | 13 | 41 | 56 |
| OPM % | 10% | 8% | 9% | 10% | 10% | ||
| 1 | 0 | 1 | 0 | 0 | 1 | 1 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 2 | 7 | 9 |
| Profit before tax | 0 | -1 | -3 | -1 | 11 | 35 | 48 |
| Tax % | 0% | -10% | -3% | -4% | 0% | 0% | |
| 0 | -1 | -3 | -1 | 11 | 35 | 48 | |
| EPS in Rs | 0.10 | -0.14 | -0.64 | -0.29 | 2.32 | 1.82 | 3.09 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 110% |
| 3 Years: | % |
| TTM: | 1012% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 123% |
| 3 Years: | % |
| TTM: | 830% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 65% |
| 5 Years: | 185% |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 26% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 26 | 26 | 26 | 26 | 97 | 107 |
| Reserves | 23 | 22 | 18 | 10 | 13 | 54 |
| 4 | 3 | 3 | 4 | 0 | 0 | |
| 3 | 2 | 2 | 2 | 6 | 2 | |
| Total Liabilities | 55 | 53 | 49 | 42 | 117 | 163 |
| 19 | 13 | 12 | 11 | 64 | 124 | |
| CWIP | 12 | 11 | 11 | 11 | 1 | 10 |
| Investments | 9 | 18 | 18 | 18 | 6 | 6 |
| 16 | 11 | 8 | 3 | 46 | 24 | |
| Total Assets | 55 | 53 | 49 | 42 | 117 | 163 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 0 | 0 | 0 | -1 | 49 | ||
| -18 | -0 | 0 | -26 | -75 | ||
| 18 | -0 | 0 | 50 | 12 | ||
| Net Cash Flow | 0 | 0 | 0 | 24 | -14 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 210 | 192 | 4 | 1 | ||
| Inventory Days | 217 | 75 | 3,242 | 3,248 | ||
| Days Payable | 38 | 0 | 0 | 219 | ||
| Cash Conversion Cycle | 389 | 267 | 4 | 1 | ||
| Working Capital Days | 334 | 250 | 40 | 11 | ||
| ROCE % | -1% | -6% | 15% | 26% |
Documents
Announcements
-
Disclosure Under Regulation 30 SEBI (LODR) 2015.
6 Aug - Rights Issue draft rejected by BSE due to digital asset investment; company exploring alternative compliance options.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
6 Aug - News Paper Advertisement for publication of Un Audited Financial Results for the quarter ended 30th June,2025.
-
Announcement under Regulation 30 (LODR)-Change in Directorate
4 Aug - Q1 FY26 results: Rs198.86cr revenue, Rs18.38cr PBT; new CEO appointed; ESOP schemes approved; 31st AGM scheduled.
-
Announcement under Regulation 30 (LODR)-Resignation of Director
4 Aug - Independent Director Naga Anusha Vegi resigned on 4 Aug 2025 due to personal obligations.
- Announcement under Regulation 30 (LODR)-Investor Presentation 4 Aug
Business Overview:[1]
BGPL is a Web 3.0 enterprise. It integrates finance, games, and communities (metaverse)
into Web3. The company builds gaming communities, invests in Web 3.0 projects, and provides Liquidity & Market Making as a
service for digital assets.