B.A.G. Convergence Ltd
B.A.G Convergence is a key player in the digital media space.
- Market Cap ₹ 245 Cr.
- Current Price ₹ 115
- High / Low ₹ 139 / 95.8
- Stock P/E 22.7
- Book Value ₹ 36.3
- Dividend Yield 0.00 %
- ROCE 33.0 %
- ROE 21.7 %
- Face Value ₹ 10.0
Pros
- 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 | |
|---|---|---|---|---|---|
| 22 | 25 | 30 | 36 | 43 | |
| 20 | 18 | 19 | 22 | 25 | |
| Operating Profit | 2 | 6 | 10 | 14 | 18 |
| OPM % | 11% | 26% | 35% | 39% | 42% |
| 0 | 0 | 0 | 0 | 1 | |
| Interest | 0 | 0 | 0 | 0 | 2 |
| Depreciation | 0 | 0 | 0 | 1 | 3 |
| Profit before tax | 3 | 6 | 11 | 13 | 15 |
| Tax % | -1% | 22% | 26% | 26% | 27% |
| 3 | 5 | 8 | 9 | 11 | |
| EPS in Rs | 2,613.86 | 4,940.59 | 7,970.30 | 6.02 | 5.08 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 20% |
| TTM: | 21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 29% |
| TTM: | 14% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| 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 | |
|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 16 | 21 |
| Reserves | -6 | -1 | 7 | 7 | 56 |
| 0 | 0 | 0 | 0 | 0 | |
| 19 | 12 | 11 | 22 | 25 | |
| Total Liabilities | 13 | 12 | 18 | 44 | 102 |
| 0 | 0 | 0 | 5 | 7 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 1 | 1 | 1 | 1 |
| 11 | 10 | 17 | 38 | 94 | |
| Total Assets | 13 | 12 | 18 | 44 | 102 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 13 | 1 | 4 | 4 | -15 | |
| 0 | -1 | 2 | -5 | -4 | |
| -15 | 1 | -1 | 13 | 45 | |
| Net Cash Flow | -2 | 0 | 5 | 12 | 26 |
| Free Cash Flow | 13 | 1 | 4 | -2 | -20 |
| CFO/OP | 505% | 9% | 43% | 26% | -79% |
Ratios
Figures in Rs. Crores
| 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% | 90% | 33% |
Insights
In beta| Dec 2015 | Dec 2017 | Mar 2020 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| News24 Main YouTube Subscribers Million |
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| Average Number of Employees Number |
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| Employee Attrition Rate % |
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| Social Media Offerings Revenue Mix % |
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| Website URL Offerings Revenue Mix % |
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| News24 Sports YouTube Subscribers Million |
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| News24 Sports YouTube Views (Cumulative) Billion |
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| News24 Main YouTube Views (Cumulative) Billion |
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Extracted by Screener AI
Documents
Announcements
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Copy of Newspaper Publication
17 May 2026 - Submitted newspaper publications for audited half-year and FY2026 results in Financial Express and Jansatta.
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Monitoring Agency Report
15 May 2026 - Submitted monitoring agency report for IPO proceeds utilisation for half-year ended March 31, 2026.
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Statement of deviation(s) or variation(s) under Reg. 32
15 May 2026 - Statement for ₹48.72 crore IPO proceeds shows no deviation for half year ended March 31, 2026.
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Outcome of Board Meeting
15 May 2026 - Board approved audited financial results for half year and FY ended March 31, 2026.
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Structural Digital Database
14 May 2026 - Submitted SDD compliance certificate for FY ended March 31, 2026.
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.