Bright Outdoor Media Ltd
₹ 401
6.79%
30 Mar
- close price
About
Incorporated in 2005, Bright Outdoor Media Ltd is in the business of outdoor hoarding and real estate trading[1]
Key Points
- Market Cap ₹ 875 Cr.
- Current Price ₹ 401
- High / Low ₹ 450 / 287
- Stock P/E 43.7
- Book Value ₹ 79.1
- Dividend Yield 0.12 %
- ROCE 15.7 %
- ROE 12.3 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 62.0% CAGR over last 5 years
Cons
- Stock is trading at 5.07 times its book value
- Company has a low return on equity of 12.2% over last 3 years.
- Company has high debtors of 173 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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Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 71 | 24 | 50 | 92 | 107 | 127 | 132 | |
| 64 | 19 | 44 | 79 | 84 | 101 | 105 | |
| Operating Profit | 6 | 5 | 7 | 12 | 23 | 26 | 28 |
| OPM % | 9% | 20% | 13% | 13% | 21% | 21% | 21% |
| 1 | 1 | 0 | 0 | 1 | 1 | 2 | |
| Interest | 5 | 4 | 3 | 3 | 1 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 2 | 2 |
| Profit before tax | 2 | 1 | 4 | 10 | 22 | 25 | 27 |
| Tax % | 24% | 27% | 27% | 26% | 26% | 24% | |
| 2 | 1 | 3 | 7 | 16 | 19 | 20 | |
| EPS in Rs | 2.25 | 1.39 | 1.70 | 3.40 | 7.36 | 8.75 | 9.18 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 5% | 4% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 36% |
| TTM: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 62% |
| 3 Years: | 94% |
| TTM: | -5% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 57% |
| 1 Year: | 26% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 12% |
| Last Year: | 12% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 10 | 14 | 15 | 15 | 22 |
| Reserves | 28 | 29 | 27 | 85 | 132 | 149 | 151 |
| 52 | 48 | 41 | 34 | 13 | 0 | 0 | |
| 16 | 15 | 17 | 22 | 28 | 24 | 29 | |
| Total Liabilities | 101 | 97 | 94 | 155 | 187 | 188 | 201 |
| 4 | 4 | 4 | 4 | 15 | 19 | 18 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 97 | 92 | 90 | 151 | 172 | 168 | 183 | |
| Total Assets | 101 | 97 | 94 | 155 | 187 | 188 | 201 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 1 | 6 | 7 | -12 | -18 | 5 | |
| 1 | 1 | 0 | -19 | 8 | -20 | |
| -3 | -7 | -7 | 62 | 11 | -14 | |
| Net Cash Flow | -1 | 0 | -0 | 31 | 1 | -28 |
| Free Cash Flow | 1 | 6 | 7 | -12 | -31 | -1 |
| CFO/OP | 27% | 135% | 115% | -81% | -56% | 44% |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 238 | 633 | 264 | 183 | 214 | 173 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 238 | 633 | 264 | 183 | 214 | 173 |
| Working Capital Days | 268 | 718 | 329 | 169 | 297 | 326 |
| ROCE % | 6% | 9% | 12% | 15% | 16% |
Insights
In beta| Mar 2019 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Total Advertising Displays (Own + JV) Number |
|
|||
| Client Retention Rate % |
||||
| Digital LED Billboards (Large Size) Number |
||||
| Total Advertising Space Sq. Ft. |
||||
| Contract Area - Navi Mumbai Metro Line 1 Sq. Ft. |
||||
| Contract Area - Western Railways Bulk Rights Sq. Ft. |
||||
| Number of Advertisement Campaigns Number |
||||
| Occupancy Rate (Average) % |
||||
| Share of Large LED Billboards in Mumbai % |
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Documents
Announcements
- Closure of Trading Window 1d
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
18 Mar - Bright completed Bright Real Estate Expo Mar 13–15, 2026; 25+ developers, 50+ projects; sixth event in six months.
-
Pursuant To Regulation 30 Of The SEBI (LODR), Regulations, 2015, We Are Enclosing Herewith The Business Update Of The Company.
17 Mar - Three-year IPO anniversary (14–17 Mar 2023); 50+ owned Digital LED hoardings highlighted.
-
Pursuant To Regulation 30 Of The SEBI (LODR), Regulations, 2015, We Are Enclosing Herewith The Business Update Of The Company.
6 Mar - JV partnership for new Naigaon hoarding (1,596.25 sq ft), seven-year contract Jan 6, 2026–Jan 5, 2033.
-
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
3 Feb - Aegis Investment Fund bought 31,000 Bright Outdoor Media shares (0.14%) on Jan 30, 2026; holding now 7.90%
Annual reports
Concalls
-
Jul 2025Transcript PPT
-
Feb 2025TranscriptAI SummaryPPT
Business Overview:[1][2]
a) The company provides advertising media services, focusing on Out of Home (OOH) media. Services include railway boards, panels, transfer stickers, cinema slides, promos, full train ads, digital LED screens, bus panels, full bus painting, kiosks, mall branding, billboards, mobile sign trucks, traffic booths, toll naka ads, gantry ads, and vinyl ads.