Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹49 Cr.
Stock P/E
5.9
P/B
0.4
Current Price
₹26.5
Book Value
₹ 59.7
Face Value
10
52W High
₹49.2
52W Low
₹ 21.1
Dividend Yield
0%

Baweja Studios Overview

Business

Baweja Studios Ltd. is an Indian film production and distribution company. Its core business involves the end-to-end process of creating cinematic content, including concept development, scriptwriting, pre-production, production, post-production, and marketing. The company also engages in the acquisition and distribution of films produced by others. It monetizes its content through various channels such as theatrical releases, satellite rights, digital streaming rights (OTT platforms), music rights, and international distribution. The business model is project-based, with revenue generation largely dependent on the commercial success of individual film projects.

Revenue Mix

Baweja Studios primarily operates within the integrated film production and distribution segment. While specific revenue breakdowns by production, distribution, or rights sales are not consistently and publicly segmented in detail for smaller listed entities, the company's revenue streams are intrinsically linked to the performance and monetization of its film projects across these categories. It generates income from the sale of theatrical exhibition rights, satellite broadcast rights, digital streaming rights, music licensing, and potential co-production fees.

Industry

The Indian film industry is dynamic, highly competitive, and largely unorganized with many independent producers, alongside a few large, integrated studios. It is characterized by high production costs, significant reliance on star power, and unpredictable audience tastes. Baweja Studios positions itself as an established player with a legacy in film production, promoted by veteran filmmaker Harry Baweja, and now with active involvement from Harman Baweja. Compared to major Bollywood studios (e.g., Yash Raj Films, Dharma Productions, T-Series), Baweja Studios operates on a relatively smaller scale, often engaging in co-productions or producing specific genre films. Its success depends on identifying viable scripts, managing production effectively, and successful commercialization of its content slate in a crowded market.

MOAT

Baweja Studios' competitive advantages primarily stem from its long-standing presence and relationships within the Indian film industry. This includes:

Industry Relationships: A network of contacts with talent (actors, directors, technicians), distributors, and financiers built over decades.

Experience & Track Record: A history of producing various films, providing a base of experience in content creation and execution, even if success has been varied.

Intellectual Property: Ownership or rights to certain film content and stories can provide future monetization opportunities.

However, the film industry is highly project-specific, and sustained competitive advantage is challenging. It generally lacks significant brand loyalty from audiences to a studio over content, economies of scale comparable to major players, or proprietary technology.

Growth Drivers

Rising Disposable Income & Urbanization: Increasing discretionary spending on entertainment in India.

OTT Platform Expansion: Growing demand for content from streaming platforms, creating additional monetization avenues for film and series production.

Content Diversification: Exploration of new genres, regional cinema, web series, and other digital content formats beyond traditional Bollywood.

Successful Content Pipeline: The ability to consistently produce commercially successful and critically acclaimed films will directly drive revenue growth.

International Markets: Potential to tap into the Indian diaspora and global audiences for specific content.

Risks

Content & Box Office Volatility: High risk of film failures, leading to significant financial losses due to unpredictable audience preferences and high production costs.

Competition: Intense rivalry from larger studios, new production houses, regional cinema, and international content providers, including those on OTT platforms.

Star Dependency: Over-reliance on popular actors or directors can lead to higher talent costs and increased project risk.

Financing Risk: Film projects often require substantial capital, and securing timely and cost-effective financing can be a challenge.

Piracy: Illegal distribution of content can significantly erode potential revenue from theatrical, digital, and satellite rights.

Regulatory & Censorship Risks: Government policies, censorship board decisions, and evolving entertainment regulations can impact content creation and release.

External Shocks: Events like pandemics (e.g., COVID-19) can lead to cinema closures and production halts, severely impacting business.

Management & Ownership

Baweja Studios Ltd. is primarily promoted and managed by the Baweja family. Mr. Harry Baweja, a veteran filmmaker, brings extensive experience in direction and production. His son, Mr. Harman Baweja, is also actively involved in the company's operations, having experience both as an actor and producer. The promoters hold a significant stake in the company, aligning their interests with the company's performance. The involvement of experienced individuals with a deep understanding of the film industry is a key characteristic of the management team.

Outlook

Baweja Studios operates in the high-risk, high-reward Indian entertainment sector. The increasing demand for content, driven by a growing middle class and the proliferation of OTT platforms, presents significant growth opportunities. If the company can consistently deliver commercially successful content, manage production costs efficiently, and adapt to evolving distribution models, it stands to benefit from industry tailwinds. However, the inherent unpredictability of audience tastes, intense competition for talent and content, and the high capital intensity of film production pose substantial risks. A string of box office failures or an inability to secure favorable distribution deals could severely impact its financial performance. The company's future success will largely depend on its creative choices, operational execution, and effective monetization of its content across all available channels.

Baweja Studios Share Price

Live · NSE · Inception: 2001
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

Baweja Studios Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Baweja Studios Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 19 41 74 64 76
Other Income 0 0 2 1 1
Total Income 20 41 76 65 76
Total Expenditure 8 36 65 53 62
Operating Profit 12 4 12 12 14
Interest 0 0 0 1 2
Depreciation 0 0 0 1 1
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax 12 4 11 11 11
Provision for Tax 4 1 3 3 3
Profit After Tax 8 3 8 8 8
Adjustments 0 0 0 -0 0
Profit After Adjustments 8 3 8 8 8
Adjusted Earnings Per Share 7.8 2.8 5.5 4.5 4.5

Baweja Studios Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 4 7 20 96 104
Minority's Interest 0 0 0 0 0
Borrowings 2 3 1 1 0
Other Non-Current Liabilities -0 -0 -0 -0 -0
Total Current Liabilities 26 21 24 27 83
Total Liabilities 32 30 45 124 187
Fixed Assets 0 0 2 5 4
Other Non-Current Assets 1 0 5 5 7
Total Current Assets 31 30 38 113 176
Total Assets 32 30 45 124 187

Baweja Studios Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 2 0 1 1 48
Cash Flow from Operating Activities 0 -1 4 -18 -70
Cash Flow from Investing Activities 0 0 -6 -4 -3
Cash Flow from Financing Activities -2 1 3 69 26
Net Cash Inflow / Outflow -1 0 1 47 -47
Closing Cash & Cash Equivalent 0 1 1 48 1

Baweja Studios Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 7.82 2.82 5.52 4.46 4.49
CEPS(Rs) 7.85 2.93 5.75 4.84 5.15
DPS(Rs) 0 0 0 0 0
Book NAV/Share(Rs) 4.58 7.41 13.77 51.94 56.44
Core EBITDA Margin(%) 59.59 10.36 12.22 17.59 18.03
EBIT Margin(%) 59.93 10.73 15.16 17.82 17.36
Pre Tax Margin(%) 59.54 10.04 14.49 16.69 14.83
PAT Margin (%) 39.32 6.78 10.8 12.79 10.96
Cash Profit Margin (%) 39.48 7.04 11.24 13.86 12.56
ROA(%) 23.82 8.82 21.2 9.77 5.32
ROE(%) 170.62 47.08 58.81 14.23 8.29
ROCE(%) 185.64 53.97 71.71 19 11.19
Receivable days 145.6 60.54 32.57 81.92 224.87
Inventory Days 220.72 95.3 78.48 118.58 215.99
Payable days 0 0 0 0 0
PER(x) 0 0 0 19.78 11.07
Price/Book(x) 0 0 0 1.7 0.88
Dividend Yield(%) 0 0 0 0 0
EV/Net Sales(x) 0.09 0.18 0.2 1.84 1.6
EV/Core EBITDA(x) 0.14 1.67 1.26 9.74 8.42
Net Sales Growth(%) 0 109.36 81.26 -12.87 17.54
EBIT Growth(%) 0 -62.52 156.09 2.41 14.5
PAT Growth(%) 0 -63.91 188.8 3.18 0.73
EPS Growth(%) 0 -63.91 95.65 -19.22 0.73
Debt/Equity(x) 0.4 0.37 0.07 0.04 0.3
Current Ratio(x) 1.2 1.45 1.6 4.13 2.11
Quick Ratio(x) 0.75 0.99 0.67 3.42 1.28
Interest Cover(x) 153.13 15.59 22.81 15.85 6.87
Total Debt/Mcap(x) 0 0 0 0.02 0.34

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +19% +23% — —
Operating Profit CAGR +17% +52% — —
PAT CAGR 0% +39% — —
Share Price CAGR -47% — — —
ROE Average +8% +27% +60% +60%
ROCE Average +11% +34% +68% +68%

Baweja Studios Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 70.69 %
FII 0 %
DII (MF + Insurance) 0.89 %
Public (retail) 28.41 %
Others 0.01 %
# Mar 2024 Sep 2024 Mar 2025 Sep 2025 Mar 2026
Promoter 70.6970.6970.6970.6970.69
FII 0.860000
DII 1.111.010.890.890.89
Public 27.3328.328.4228.4228.41
Others 00000
Total 100100100100100

Baweja Studios Peer Comparison

Film Production, Distribution & Entertainment Edit Columns

Baweja Studios Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Baweja Studios Pros & Cons

Pros

  • Stock is trading at 0.4 times its book value
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27%
  • Company has reduced debt.
  • Company is almost debt free.

Cons

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