B.A.G. Convergence Ltd
B.A.G Convergence is a key player in the digital media space.
- Market Cap ₹ 240 Cr.
- Current Price ₹ 113
- High / Low ₹ 139 / 97.7
- Stock P/E 22.0
- Book Value ₹ 39.2
- Dividend Yield 0.00 %
- ROCE 32.5 %
- ROE 21.7 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 41.9%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 110 days to 262 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.
Peer comparison
Consumer Discretionary Media, Entertainment & Publication Entertainment Digital Entertainment
Part of Nifty SME Emerge
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|
| 22 | 25 | 30 | 36 | 43 | 44 | |
| Sales growth | +11% | +21% | +19% | +21% | +1% | |
| 20 | 18 | 19 | 22 | 25 | 26 | |
| Operating Profit | 2 | 6 | 10 | 14 | 18 | 18 |
| OPM % | 11% | 26% | 35% | 39% | 42% | 41% |
| 0 | 0 | 0 | 0 | 1 | 2 | |
| Interest | 0 | 0 | 0 | 0 | 2 | 2 |
| Depreciation | 0 | 0 | 0 | 1 | 3 | 4 |
| Profit before tax | 3 | 6 | 11 | 13 | 15 | 14 |
| Tax % | -1% | 22% | 26% | 26% | 27% | |
| 3 | 5 | 8 | 9 | 11 | 11 | |
| EPS in Rs | 1.89 | 3.56 | 5.75 | 6.02 | 5.08 | 5.12 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 20% |
| TTM: | 1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 29% |
| TTM: | -4% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -9% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 42% |
| Last Year: | 22% |
Balance Sheet
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 16 | 21 | 21 |
| Reserves | -6 | -1 | 7 | 7 | 56 | 62 |
| 0 | 0 | 0 | 0 | 1 | 0 | |
| 19 | 12 | 11 | 21 | 24 | 30 | |
| Total Liabilities | 13 | 12 | 18 | 44 | 102 | 113 |
| 0 | 0 | 0 | 5 | 7 | 6 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 1 | 1 | 1 | 1 | 1 |
| 11 | 10 | 17 | 38 | 94 | 106 | |
| Total Assets | 13 | 12 | 18 | 44 | 102 | 113 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 13 | 1 | 4 | 13 | -15 | |
| 0 | -1 | 2 | -5 | -4 | |
| -15 | 1 | -1 | 4 | 45 | |
| Net Cash Flow | -2 | 0 | 5 | 12 | 26 |
| Free Cash Flow | 13 | 1 | 4 | 7 | -20 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 505% | 9% | 43% | 91% | -79% |
Ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 79 | 54 | 82 | 144 | 132 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 79 | 54 | 82 | 144 | 132 |
| Working Capital Days | -76 | -12 | 48 | 20 | 262 |
| ROCE % | 350% | 89% | 33% |
Insights
In beta| Dec 2015 | Dec 2017 | Jan 2020 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| YouTube Subscribers - News24 Channel millions |
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| Attrition Rate % |
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| Average Number of Employees count |
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| Foreign Revenue Share % of revenue from operations |
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| Revenue Share from Social Media Channels % of revenue from operations |
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| Top 10 Customer Revenue Concentration % of revenue |
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| YouTube Subscribers - News24 Sports Channel millions |
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| YouTube Total Views - News24 Sports Channel billions |
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Extracted by Screener AI
Documents
Announcements
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Copy of Newspaper Publication
- Published unaudited half-year results for September 30, 2026; board approved November 3.
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Monitoring Agency Report
- Monitoring agency report for half year ended September 30, 2026 shows no deviation in IPO fund use.
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Statement of deviation(s) or variation(s) under Reg. 32
- No deviation in IPO proceeds utilisation for half year ended September 30, 2026; Rs 48.72 crore raised.
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Outcome of Board Meeting
- Board approved unaudited H1 FY27 results on Nov 3, 2026; profit was ₹614.16 lakh.
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Trading Window
- Board meeting on November 3, 2026 to approve half-year unaudited financial results; trading window closed till November 5.
Business Profile[1][2]
B.A.G. Convergence Limited is a key player in India’s digital media space, operating popular news and entertainment brands like News24, News 24 Hindi, News24 Sports and E24 Bollywood. It delivers digital-first content in multiple languages, focusing on news, entertainment, sports, and lifestyle.