Brainbees Solutions Ltd
Founded in 2010, Brainbees Solutions Limited offers products for mothers, babies, and kids through its online platform 'FirstCry'.[1]
- Market Cap ₹ 11,671 Cr.
- Current Price ₹ 224
- High / Low ₹ 439 / 207
- Stock P/E 184
- Book Value ₹ 118
- Dividend Yield 0.00 %
- ROCE 2.33 %
- ROE 1.17 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 18.8% CAGR over last 5 years
Cons
- Company has a low return on equity of -1.24% over last 3 years.
- Earnings include an other income of Rs.217 Cr.
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 508 | 806 | 1,309 | 1,752 | 2,542 | 2,163 | 2,471 | 2,667 | |
| 1,450 | 1,013 | 1,214 | 1,699 | 2,652 | 2,148 | 2,368 | 2,576 | |
| Operating Profit | -942 | -208 | 95 | 54 | -110 | 15 | 103 | 91 |
| OPM % | -186% | -26% | 7% | 3% | -4% | 1% | 4% | 3% |
| 27 | 82 | 135 | 90 | 99 | 103 | 166 | 217 | |
| Interest | 0 | 3 | 12 | 23 | 40 | 52 | 51 | 52 |
| Depreciation | 18 | 34 | 60 | 87 | 129 | 150 | 138 | 135 |
| Profit before tax | -933 | -163 | 158 | 34 | -181 | -83 | 80 | 122 |
| Tax % | -0% | -0% | -80% | 44% | -14% | -25% | 25% | |
| -933 | -163 | 284 | 19 | -156 | -62 | 60 | 92 | |
| EPS in Rs | 1.15 | 1.78 | ||||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 12% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 47% |
| TTM: | 133% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -41% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 1% |
| 3 Years: | -1% |
| Last Year: | 1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 49 | 35 | 71 | 50 | 87 | 90 | 104 | 104 |
| Reserves | 1,472 | 2,375 | 3,457 | 3,471 | 3,651 | 4,125 | 5,942 | 6,073 |
| 7 | 34 | 7 | 322 | 7 | 529 | 478 | 483 | |
| 151 | 307 | 441 | 483 | 777 | 404 | 533 | 541 | |
| Total Liabilities | 1,678 | 2,751 | 3,976 | 4,326 | 4,522 | 5,148 | 7,058 | 7,201 |
| 351 | 381 | 398 | 732 | 520 | 967 | 878 | 863 | |
| CWIP | 7 | 23 | 7 | 21 | 14 | 0 | 5 | 1 |
| Investments | 0 | 50 | 315 | 1,011 | 1,472 | 1,942 | 2,478 | 2,753 |
| 1,320 | 2,297 | 3,257 | 2,563 | 2,516 | 2,239 | 3,697 | 3,585 | |
| Total Assets | 1,678 | 2,751 | 3,976 | 4,326 | 4,522 | 5,148 | 7,058 | 7,201 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| -210 | -282 | 19 | -151 | 225 | 16 | 159 | |
| -758 | -707 | -626 | 214 | -235 | -326 | -1,644 | |
| 1,063 | 1,031 | 727 | -134 | -75 | 265 | 1,507 | |
| Net Cash Flow | 95 | 42 | 121 | -70 | -85 | -45 | 22 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 32 | 39 | 36 | 30 | 67 | 114 | 111 |
| Inventory Days | 175 | 158 | 190 | 251 | 90 | 125 | 159 |
| Days Payable | 112 | 96 | 107 | 125 | 48 | 81 | 86 |
| Cash Conversion Cycle | 95 | 101 | 118 | 155 | 109 | 157 | 184 |
| Working Capital Days | 120 | 106 | 109 | 130 | 96 | 159 | 190 |
| ROCE % | -8% | 6% | 2% | -4% | -1% | 2% |
Insights
In beta| Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Annual Unique Transacting Customers (AUTC) - Consolidated Million |
|
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| Average Order Value (AOV) - Consolidated INR |
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| Gross Merchandise Value (GMV) - Consolidated INR Million |
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| Number of Preschools (Intelli Education) Number |
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| Total Modern Stores (FirstCry & BabyHug) Number |
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| Total Orders - Consolidated Million |
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| Number of SKUs Million |
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| Share of Home Brands in India Multichannel GMV % |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
22h - FirstCry expands Qwik (<3hr) delivery to Bengaluru, Pune, Hyderabad; ~60,000 March 2026 orders expected.
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Announcement under Regulation 30 (LODR)-Updates on Acquisition
4 Mar - Swara Baby extends remittance deadline for $10,000 initial Swara Corp subscription from Feb 28 to Apr 30, 2026.
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Announcement Under Regulation 30 (LODR) - Updates
2 Mar - Approved unaudited Q3/9M results (Dec 31, 2025); director resignation and appointment effective Feb 13, 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
25 Feb - Brainbees (FirstCry) participated in Kotak Chasing Growth 2026 conference Feb 25, 2026; no UPSI shared.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
21 Feb - Disclosure under Regulation 30 of Listing Regulations with respect to schedule of investors/analysts meet
Concalls
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT
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Aug 2025Transcript PPT
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT REC
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Sep 2024Transcript PPT REC
Market Leadership[1][2]
FirstCry is India’s largest multi-channel platform for mothers, babies, and kids, leading the market in terms of Gross Merchandise Value (GMV). Its GMV grew from 9,121.12 crore in FY24 to 10,585.3 crore in FY25, marking a 16% year-on-year increase.[3]