Brightcom Group Ltd

Brightcom Group Ltd

₹ 14.2 -3.40%
26 Apr 10:32 a.m.
About

Incorporated in 2010, Brightcom Group Ltd (formerly Lycos Internet Ltd) offers digital marketing solutions to businesses, agencies and online publishers worldwide[1]

Key Points

Services Provided:[1]
The Company is divided into three major divisions:
a. Ad-Tech and Digital Marketing:
The services include Video Advertising, Display Ads Marketing, Performance-based Marketing, Search Marketing, Email Marketing and Lead Generation, Afliate Marketing, Social Marketing, Mobile Marketing, Niche Campaigns, Digital Trafc Management, Ad Serving
b. Software services:
The Company’s software services include developing customized technology platforms to solve specific needs of clients primarily around digital media and other related offerings
c. Future technologies:
The company’s future technologies division consists primarily of the Company’s LIFE product and developments in artificial intelligence, machine learning and Digital Out of Home(DOOH) advertising

  • Market Cap 2,865 Cr.
  • Current Price 14.2
  • High / Low 36.8 / 9.27
  • Stock P/E 2.06
  • Book Value 34.7
  • Dividend Yield 0.00 %
  • ROCE 30.9 %
  • ROE 22.3 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Stock is trading at 0.42 times its book value
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 27.5% CAGR over last 5 years

Cons

  • Promoter holding is low: 18.4%

* 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
640 638 879 699 654 1,104 2,021 1,240 1,481 1,683 2,865 1,368 1,690
448 441 628 473 449 754 1,452 857 1,025 1,173 2,049 977 1,172
Operating Profit 192 197 250 226 205 349 569 384 456 510 816 391 518
OPM % 30% 31% 28% 32% 31% 32% 28% 31% 31% 30% 28% 29% 31%
-0 1 1 19 -1 0 -0 -1 -3 -3 -1 1 0
Interest 2 2 2 -5 0 0 0 0 0 0 0 0 0
Depreciation 51 55 61 59 58 60 63 66 66 62 68 69 72
Profit before tax 139 142 188 191 146 290 506 317 387 445 746 323 446
Tax % 27% 27% 26% 27% 28% 27% 27% 30% 28% 28% 27% 29% 28%
101 103 139 140 106 212 371 223 277 321 544 229 321
EPS in Rs 0.96 0.97 1.31 1.32 1.00 1.22 2.14 1.11 1.37 1.59 2.70 1.14 1.59
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,263 1,600 1,663 1,951 2,250 2,451 2,421 2,580 2,692 2,856 5,020 7,397 7,606
1,025 1,493 1,296 1,379 1,576 1,722 1,707 1,821 1,904 1,990 3,513 5,224 5,372
Operating Profit 238 107 367 572 674 729 714 759 789 865 1,507 2,173 2,235
OPM % 19% 7% 22% 29% 30% 30% 29% 29% 29% 30% 30% 29% 29%
34 14 2 14 0 1 -0 -3 14 21 -2 -6 -3
Interest 28 35 27 23 16 15 15 13 6 0 0 0 0
Depreciation 17 26 69 41 64 96 108 135 180 226 246 266 272
Profit before tax 228 60 273 522 594 619 590 609 617 660 1,258 1,900 1,959
Tax % 16% 15% 19% 34% 33% 31% 31% 27% 29% 27% 27% 28%
192 51 221 342 400 429 407 444 440 483 912 1,371 1,415
EPS in Rs 0.51 2.23 3.45 4.03 4.33 4.10 4.47 4.44 4.57 4.52 6.79 7.02
Dividend Payout % 5% 0% 0% 0% 2% 0% 0% 0% 1% 1% 7% 1%
Compounded Sales Growth
10 Years: 17%
5 Years: 25%
3 Years: 40%
TTM: 30%
Compounded Profit Growth
10 Years: 39%
5 Years: 27%
3 Years: 46%
TTM: 31%
Stock Price CAGR
10 Years: 7%
5 Years: 37%
3 Years: 57%
1 Year: 49%
Return on Equity
10 Years: 19%
5 Years: 19%
3 Years: 21%
Last Year: 22%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity Capital 95 95 95 95 95 95 95 95 95 102 404 404
Reserves 800 943 1,064 1,435 1,937 2,313 2,730 2,909 2,731 3,158 4,891 6,597
206 188 158 94 81 79 77 67 36 0 0 0
599 379 486 461 328 362 358 391 405 428 645 895
Total Liabilities 1,700 1,605 1,803 2,085 2,441 2,849 3,260 3,461 3,267 3,688 5,939 7,896
307 284 274 258 483 567 542 524 695 719 850 975
CWIP 42 42 42 270 172 71 301 285 268 322 179 137
Investments 8 8 9 6 109 107 106 225 251 356 536 567
1,343 1,272 1,479 1,551 1,678 2,104 2,310 2,427 2,053 2,291 4,374 6,218
Total Assets 1,700 1,605 1,803 2,085 2,441 2,849 3,260 3,461 3,267 3,688 5,939 7,896

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-146 -105 211 276 242 151 315 510 89 460 287 703
-304 -3 -60 -271 -293 -80 -313 -387 -272 -431 -217 -266
619 31 -202 9 54 -51 7 -109 199 -22 548 230
Net Cash Flow 169 -76 -51 13 3 21 9 13 16 8 618 667

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 209 146 173 158 117 116 132 126 132 143 137 148
Inventory Days 0 0 0 0
Days Payable
Cash Conversion Cycle 209 146 173 158 117 116 132 126 132 143 137 148
Working Capital Days 157 166 166 159 176 218 251 245 188 205 207 186
ROCE % 40% 8% 24% 37% 33% 28% 22% 21% 21% 22% 29%

Shareholding Pattern

Numbers in percentages

4 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
7.24% 7.04% 4.19% 4.12% 3.51% 18.48% 18.47% 18.47% 18.48% 18.43% 18.38% 18.38%
0.72% 0.19% 0.38% 1.87% 12.15% 13.55% 14.00% 14.55% 15.79% 8.90% 9.53% 10.53%
0.00% 0.00% 0.00% 0.00% 0.00% 0.07% 0.05% 0.06% 0.08% 0.08% 0.11% 0.17%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00%
92.04% 92.76% 95.43% 94.01% 84.34% 67.91% 67.45% 66.91% 65.66% 72.57% 71.97% 70.92%
No. of Shareholders 65,06177,6361,07,7102,11,9732,67,9183,14,8513,68,0704,08,2444,41,5114,83,3675,36,4925,75,405

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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