Crystal Business System Ltd
₹ 2.25
-4.66%
19 May
4:01 p.m.
About
Incorporated in 1994, Crystal Business System Ltd is in the business of launching television
channels.[1]
Key Points
- Market Cap ₹ 22.6 Cr.
- Current Price ₹ 2.25
- High / Low ₹ 3.47 / 1.33
- Stock P/E 188
- Book Value ₹ 1.51
- Dividend Yield 0.00 %
- ROCE 2.59 %
- ROE 0.79 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -17.3% over past five years.
- Promoter holding is low: 25.5%
- Company has a low return on equity of 3.16% over last 3 years.
- Company has high debtors of 373 days.
- Company's cost of borrowing seems high
- Working capital days have increased from 175 days to 312 days
* 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.
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 23.41 | 24.25 | 36.13 | 55.23 | 55.41 | 34.53 | 22.48 | 23.89 | 18.94 | 15.41 | 17.12 | 8.68 | |
| 22.92 | 23.74 | 35.25 | 53.47 | 53.26 | 32.86 | 22.20 | 24.24 | 19.12 | 14.58 | 15.55 | 8.33 | |
| Operating Profit | 0.49 | 0.51 | 0.88 | 1.76 | 2.15 | 1.67 | 0.28 | -0.35 | -0.18 | 0.83 | 1.57 | 0.35 |
| OPM % | 2.09% | 2.10% | 2.44% | 3.19% | 3.88% | 4.84% | 1.25% | -1.47% | -0.95% | 5.39% | 9.17% | 4.03% |
| 0.00 | 0.07 | 0.04 | 0.00 | 0.00 | 0.03 | 0.02 | 1.19 | 0.88 | 0.08 | 0.39 | 0.46 | |
| Interest | 0.00 | 0.00 | 0.01 | 0.04 | 0.02 | 0.02 | 0.02 | 0.00 | 0.00 | 0.02 | 0.14 | 0.11 |
| Depreciation | 0.00 | 0.01 | 0.03 | 0.05 | 0.21 | 0.47 | 0.41 | 0.47 | 0.46 | 0.42 | 0.46 | 0.36 |
| Profit before tax | 0.49 | 0.57 | 0.88 | 1.67 | 1.92 | 1.21 | -0.13 | 0.37 | 0.24 | 0.47 | 1.36 | 0.34 |
| Tax % | 30.61% | 31.58% | 34.09% | 34.13% | 27.08% | 28.10% | -15.38% | 16.22% | 150.00% | 29.79% | 33.09% | 67.65% |
| 0.34 | 0.39 | 0.59 | 1.10 | 1.40 | 0.88 | -0.11 | 0.31 | -0.12 | 0.34 | 0.91 | 0.12 | |
| EPS in Rs | 0.11 | 0.14 | 0.09 | -0.01 | 0.03 | -0.01 | 0.03 | 0.09 | 0.01 | |||
| Dividend Payout % | 0.00% | 2.50% | 0.00% | 22.80% | 1.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -10% |
| 5 Years: | -17% |
| 3 Years: | -23% |
| TTM: | -49% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -11% |
| 5 Years: | 25% |
| 3 Years: | 33% |
| TTM: | -87% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | -23% |
| 1 Year: | -17% |
| Return on Equity | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 2% |
| 3 Years: | 3% |
| Last Year: | 1% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3.25 | 9.75 | 10.03 | 10.03 | 10.03 | 10.03 | 10.03 | 10.03 | 10.03 | 10.03 | 10.03 | 10.03 |
| Reserves | 0.34 | 0.99 | 1.30 | 2.09 | 3.46 | 4.32 | 4.21 | 4.52 | 4.15 | 4.99 | 5.21 | 5.07 |
| 0.00 | 1.00 | 1.96 | 4.06 | 6.11 | 2.50 | 3.09 | 5.25 | 3.20 | 2.49 | 3.83 | 0.60 | |
| 13.15 | 10.40 | 20.46 | 13.15 | 20.14 | 11.64 | 8.48 | 8.86 | 9.47 | 7.99 | 5.52 | 6.80 | |
| Total Liabilities | 16.74 | 22.14 | 33.75 | 29.33 | 39.74 | 28.49 | 25.81 | 28.66 | 26.85 | 25.50 | 24.59 | 22.50 |
| 0.03 | 0.04 | 0.20 | 0.44 | 2.06 | 1.83 | 1.86 | 2.16 | 1.82 | 1.82 | 1.45 | 1.18 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.09 | 0.07 |
| Investments | 0.85 | 0.85 | 0.85 | 0.85 | 0.85 | 0.85 | 4.87 | 7.96 | 7.71 | 8.40 | 5.35 | 5.09 |
| 15.86 | 21.25 | 32.70 | 28.04 | 36.83 | 25.81 | 19.08 | 18.54 | 17.32 | 15.26 | 17.70 | 16.16 | |
| Total Assets | 16.74 | 22.14 | 33.75 | 29.33 | 39.74 | 28.49 | 25.81 | 28.66 | 26.85 | 25.50 | 24.59 | 22.50 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.25 | 6.52 | -1.68 | -13.49 | -1.13 | 3.81 | 4.43 | 1.59 | 4.97 | 0.66 | -3.50 | 0.93 | |
| -0.88 | 0.05 | -0.19 | -0.29 | -1.83 | -0.23 | -4.47 | -3.87 | -0.12 | -0.43 | 1.88 | 0.35 | |
| -0.95 | 7.82 | 0.50 | 1.79 | 2.03 | -3.63 | 0.59 | 2.28 | -5.72 | 0.20 | 1.15 | -1.12 | |
| Net Cash Flow | -1.59 | 14.39 | -1.37 | -11.99 | -0.94 | -0.05 | 0.55 | 0.00 | -0.87 | 0.42 | -0.46 | 0.17 |
| Free Cash Flow | 0.22 | 6.50 | -1.87 | -13.78 | -2.96 | 3.58 | 3.98 | 0.82 | 4.85 | 0.23 | -3.66 | 0.87 |
| CFO/OP | 141% | 1,359% | -158% | -738% | -49% | 250% | 1,582% | -454% | -2,761% | 106% | -208% | 266% |
Ratios
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 154.82 | 16.11 | 128.50 | 88.23 | 131.22 | 60.78 | 110.25 | 88.92 | 138.37 | 137.85 | 123.23 | 372.99 |
| Inventory Days | 36.66 | 70.35 | ||||||||||
| Days Payable | 965.90 | 359.69 | ||||||||||
| Cash Conversion Cycle | 154.82 | 16.11 | 128.50 | 88.23 | -798.02 | -228.56 | 110.25 | 88.92 | 138.37 | 137.85 | 123.23 | 372.99 |
| Working Capital Days | 36.95 | -77.52 | -31.72 | 56.17 | 44.00 | 87.84 | 68.03 | 130.63 | 71.69 | 59.45 | 154.14 | 311.60 |
| ROCE % | 14.33% | 7.44% | 7.11% | 11.61% | 10.84% | 6.75% | -0.64% | 2.59% | 3.55% | 3.21% | 8.20% | 2.59% |
Insights
In beta| Mar 2016 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Number of TV Channels Channels |
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| Number of Magazine Titles Published Titles |
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| Number of Outdoor Broadcast (OB) Vans Vans |
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Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - We hereby submitting the Newspaper Publication of quarter ended 31st March, 2026
- Submission Of Audited Financial Results Of The Company For The Quarter And Year Ended 31St March, 2026 Pursuant To Regulation 33 Of The SEBI (LODR), 2015. 16 May
- Submission Of Audited Financial Results Of The Company For The Quarter And Year Ended 31St March, 2026 Pursuant To Regulation 33 Of The SEBI (LODR), 2015. 15 May
- Submission Of Audited Financial Results Of The Company For The Quarter And Year Ended 31St March, 2026 Pursuant To Regulation 33 Of The SEBI (LODR), 2015 15 May
-
Board Meeting Outcome for Outcome Of The Board Meeting Dated 15.05.2026
15 May - Board approved FY26 audited results and disclosed repeated audit qualification on EPF, ESI and gratuity non-compliance.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
from bse
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Financial Year 2013
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Financial Year 2012
from bse
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Financial Year 2011
from bse
Business Overview:[1]
CBSL is engaged in the business of launching
television channels for news, films, music, serials, and other programs. The company also
carries on activities related to:
a) Operating as a feature agency on a worldwide network
b) Maintaining stringers, special correspondents, and representatives at different centres
c) Undertaking other allied activities connected with broadcasting and media