Baweja Studios Ltd
Incorporated in 2001, Baweja Studios Ltd is engaged in the business of production of Media Entertainment & Content. [1]
- Market Cap ₹ 48.2 Cr.
- Current Price ₹ 26.2
- High / Low ₹ 48.3 / 21.1
- Stock P/E 7.93
- Book Value ₹ 59.7
- Dividend Yield 0.00 %
- ROCE 7.94 %
- ROE 5.68 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.44 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 8.53% over last 3 years.
- Company has high debtors of 310 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.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 19.45 | 40.71 | 73.79 | 64.30 | 75.57 | 68.94 | |
| 7.34 | 36.45 | 64.77 | 53.00 | 61.94 | 57.33 | |
| Operating Profit | 12.11 | 4.26 | 9.02 | 11.30 | 13.63 | 11.61 |
| OPM % | 62.26% | 10.46% | 12.22% | 17.57% | 18.04% | 16.84% |
| -0.42 | 0.22 | 2.49 | 0.84 | 0.70 | 0.57 | |
| Interest | 0.08 | 0.28 | 0.49 | 0.72 | 1.91 | 3.02 |
| Depreciation | 0.03 | 0.11 | 0.33 | 0.69 | 1.21 | 0.92 |
| Profit before tax | 11.58 | 4.09 | 10.69 | 10.73 | 11.21 | 8.24 |
| Tax % | 34.02% | 32.52% | 25.54% | 23.39% | 26.14% | 26.09% |
| 7.65 | 2.76 | 7.97 | 8.22 | 8.28 | 6.08 | |
| EPS in Rs | 5.08 | 5.52 | 4.46 | 4.49 | 3.30 | |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | -2% |
| TTM: | -9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -5% |
| 3 Years: | -9% |
| TTM: | -27% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -40% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 9% |
| Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.03 | 5.43 | 14.43 | 18.43 | 18.43 | 18.43 |
| Reserves | 4.45 | 1.81 | 5.44 | 77.28 | 85.57 | 91.64 |
| 1.80 | 2.67 | 1.42 | 3.59 | 31.13 | 38.39 | |
| 25.96 | 20.65 | 23.61 | 24.95 | 52.72 | 37.81 | |
| Total Liabilities | 32.24 | 30.56 | 44.90 | 124.25 | 187.85 | 186.27 |
| 0.10 | 0.49 | 1.62 | 5.28 | 4.09 | 3.18 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.72 | 0.00 | 5.00 | 5.00 | 7.29 | 7.30 |
| 31.42 | 30.07 | 38.28 | 113.97 | 176.47 | 175.79 | |
| Total Assets | 32.24 | 30.56 | 44.90 | 124.25 | 187.85 | 186.27 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 0.33 | -0.69 | 4.10 | -18.30 | -69.53 | -5.14 | |
| 0.29 | 0.41 | -6.36 | -4.14 | -3.11 | 0.91 | |
| -2.11 | 0.75 | 2.97 | 69.09 | 25.81 | 4.18 | |
| Net Cash Flow | -1.49 | 0.46 | 0.71 | 46.65 | -46.82 | -0.06 |
| Free Cash Flow | 0.32 | -1.19 | 2.64 | -22.64 | -69.56 | -5.15 |
| CFO/OP | 7% | 11% | 80% | -144% | -478% | -31% |
Ratios
Standalone / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 145.62 | 51.55 | 36.70 | 121.70 | 346.21 | 309.73 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 145.62 | 51.55 | 36.70 | 121.70 | 346.21 | 309.73 |
| Working Capital Days | 96.83 | 77.29 | 64.50 | 215.37 | 437.88 | 536.96 |
| ROCE % | 54.48% | 71.67% | 18.99% | 11.19% | 7.94% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Content under production (closing balance) INR Lakhs |
|
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| Revenue share - Direct to Digital (D2D) films % of revenue |
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| Revenue share - Theatrical films % of revenue |
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| Revenue share - Web Series % of revenue |
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| Additions to content under production INR Lakhs |
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| Number of projects in pre-production count |
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| Number of projects released count |
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Extracted by Screener AI
Documents
Announcements
-
Shareholders meeting
- 25th AGM voting results on 29 Sep 2026; all three resolutions passed, including FY26 accounts and auditor appointment.
-
General Updates
- M/s. S I G M A C & Co. appointed statutory auditors, approved at AGM on 29 September 2026.
-
Shareholders meeting
- Baweja Studios held its 25th AGM on 29 Sep 2026; adopted FY26 accounts and noted a secretarial audit observation.
-
Trading Window
- Trading window closes from October 1, 2026 until 48 hours after H1 FY2026 results.
-
Copy of Newspaper Publication
- 25th AGM on 29 September 2026; annual report, remote e-voting and book closure announced.
Annual reports
-
Annual Report 2026
from nse
-
Annual Report 2025
from nse
-
Annual Report 2024
from nse
Business Overview:[1][2]
Founded by filmmaker Harry Baweja, BSL has transformed into a diversified content enterprise. It operates across feature films, OTT platforms, television, animation, VFX, regional cinema, and distribution, focusing on end-to-end production and monetizing intellectual property.
The company combines in-house development, content acquisition, and remake rights through flexible production structures. A multi-level evaluation determines the most suitable model - in-house, co-production, or acquisition—balancing creative ambition with commercial viability across diverse markets.