Brightcom Group Ltd

₹ 33.7 -5.87%
05 Dec - close price
About

Formed in 2010 as Lycos Internet Ltd., the company was renamed to Brightcom Group Ltd in 2018. The company is a global provider of online or digital marketing services to direct marketers, brand advertisers, and marketing agencies through its three major divisions viz., media (Ad-Tech and digital marketing), software services and future technologies.

Key Points

Product Portfolio:[1]
Through its various subsidiaries, the Company owns the following products-
Onetag
Coreg
Volomp
Pangea
Brightcom
Proxytool

  • Market Cap 6,800 Cr.
  • Current Price 33.7
  • High / Low 123 / 29.9
  • Stock P/E 4,359
  • Book Value 7.76
  • Dividend Yield 0.89 %
  • ROCE 0.34 %
  • ROE 0.15 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 1,128%

Cons

  • Stock is trading at 4.34 times its book value
  • The company has delivered a poor sales growth of -4.69% over past five years.
  • Promoter holding is low: 18.5%
  • Company has a low return on equity of 0.37% over last 3 years.
  • Company has high debtors of 179 days.
  • Promoter holding has decreased over last 3 years: -20.7%
  • Working capital days have increased from 466 days to 1,034 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

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
115.63 112.17 124.19 116.11 82.50 83.54 83.83 88.98 89.91 93.92 94.00 95.50 113.04
110.39 106.19 120.61 113.60 81.69 81.78 97.35 85.47 89.52 93.31 91.97 91.35 109.13
Operating Profit 5.24 5.98 3.58 2.51 0.81 1.76 -13.52 3.51 0.39 0.61 2.03 4.15 3.91
OPM % 4.53% 5.33% 2.88% 2.16% 0.98% 2.11% -16.13% 3.94% 0.43% 0.65% 2.16% 4.35% 3.46%
-1.55 11.85 3.19 -0.01 1.42 0.55 18.99 -0.95 0.08 -0.04 -1.36 -3.18 -2.67
Interest 1.58 0.31 1.58 1.62 1.69 1.65 -4.86 0.04 0.06 0.10 0.11 0.10 0.10
Depreciation 0.21 0.21 0.23 0.06 0.06 0.06 0.05 0.05 0.05 0.05 0.05 0.02 0.01
Profit before tax 1.90 17.31 4.96 0.82 0.48 0.60 10.28 2.47 0.36 0.42 0.51 0.85 1.13
Tax % 75.79% -1.16% -4.44% 40.24% 62.50% 95.00% 26.75% 55.06% 44.44% 38.10% 74.51% 34.12% 47.79%
Net Profit 0.46 17.50 5.18 0.49 0.18 0.03 7.53 1.12 0.20 0.26 0.14 0.56 0.60
EPS in Rs 0.00 0.18 0.05 0.00 0.00 0.00 0.07 0.01 0.00 0.00 0.00 0.00 0.00
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
299 504 590 604 492 459 466 455 459 467 366 367 396
259 423 556 520 473 449 453 443 445 474 374 360 386
Operating Profit 40 80 35 84 19 11 14 13 14 -8 -8 7 11
OPM % 13% 16% 6% 14% 4% 2% 3% 3% 3% -2% -2% 2% 3%
-0 9 12 6 11 -0 -0 -0 -2 14 21 -2 -7
Interest 12 23 23 24 19 16 15 15 13 6 0 0 0
Depreciation 4 7 12 53 11 2 1 1 1 1 0 0 0
Profit before tax 24 60 11 14 0 -7 -3 -4 -2 -1 12 4 3
Tax % 14% 20% 4% 33% -1,350% 13% 13% 19% -51% -25% 33% 55%
Net Profit 21 48 10 9 2 -7 -3 -3 -3 -1 8 2 2
EPS in Rs 0.10 0.09 0.02 -0.07 -0.03 -0.03 -0.03 -0.01 0.08 0.01 0.00
Dividend Payout % 12% 20% -0% -0% -0% -73% -0% -0% -0% -167% 31% 3,520%
Compounded Sales Growth
10 Years: -3%
5 Years: -5%
3 Years: -7%
TTM: 15%
Compounded Profit Growth
10 Years: -28%
5 Years: 21%
3 Years: 36%
TTM: -82%
Stock Price CAGR
10 Years: 0%
5 Years: 69%
3 Years: 134%
1 Year: -58%
Return on Equity
10 Years: 0%
5 Years: 0%
3 Years: 0%
Last Year: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
25 95 95 95 95 95 95 95 95 95 102 404 404
Reserves 78 496 520 517 511 499 490 488 488 486 515 1,216 1,162
3 278 256 235 177 169 165 162 158 135 97 100 107
254 395 308 235 178 108 120 131 136 134 126 69 131
Total Liabilities 360 1,265 1,179 1,082 961 870 870 877 877 850 839 1,789 1,804
36 83 74 21 7 5 4 3 2 1 1 1 1
CWIP -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
Investments 74 509 511 511 511 511 509 509 509 509 509 678 678
250 672 595 551 443 354 357 365 366 340 329 1,111 1,125
Total Assets 360 1,265 1,179 1,082 961 870 870 877 877 850 839 1,789 1,804

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
11 -94 22 -26 65 4 10 2 -9 -8 -23 -456
-10 -489 -5 -0 -0 -0 -0 -0 -0 -0 -0 -0
-3 591 -17 17 -64 -4 -10 -2 9 8 23 461
Net Cash Flow -3 9 -0 -9 0 -1 0 -0 0 0 0 6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 240 324 240 219 219 177 171 183 181 169 182 179
Inventory Days -0 -0 -0 -0 -0 -0 -0 -0 -0
Days Payable
Cash Conversion Cycle 240 324 240 219 219 177 171 183 181 169 182 179
Working Capital Days 126 197 173 191 190 185 176 179 183 161 203 1,034
ROCE % 24% 17% 4% 4% 2% 1% 2% 1% 1% 1% 2% 0%

Shareholding Pattern

Numbers in percentages

4 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
39.14 39.14 36.72 36.76 36.76 36.76 36.76 22.40 22.40 18.47 18.47 18.47
7.25 7.25 3.87 0.23 0.72 0.72 0.19 0.38 1.87 12.15 13.55 14.00
0.13 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.07 0.05
53.47 53.61 59.41 63.01 62.52 62.52 63.05 77.22 75.73 69.37 67.91 67.45

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

Please click on the line-items to see the names of individual entities.

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