Brightcom Group

₹12.8 -0.1 | 0.5%

WEBSITE BSE:532368 NSE : BCG 10 May, 16:01

Market Cap ₹2590 Cr.

Stock P/E 1.8

P/B 0.4

Current Price ₹12.8

Book Value ₹ 36.3

Face Value 2

52W High ₹36.5

Dividend Yield 0.78%

52W Low ₹ 12.5

Edit Ratio

Brightcom Group Research see more...

Overview Inc. Year: 1999Industry: IT - Software

Brightcom Group Ltd offers digital marketing solutions to groups, businesses, and online publishers worldwide. It operates via two segments, Digital Marketing and Software Development. The employer connects advertisers with their audience throughout diverse types of digital media to supply messages to the proper target market. The organization was formerly known as Lycos Internet Ltd and changed its name to Brightcom Group Ltd in September 2018. Brightcom Group Ltd became incorporated in 1999 and is based in Hyderabad, India.

Brightcom Group Share Price

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Peer Comparison

Brightcom Group Quarterly Results

#(Fig in Cr.)	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023
Net Sales	699	654	1104	2021	1240	1481	1683	2865	1368	1690
Other Income	24	-1	0	-0	-1	-3	-3	-1	1	0
Total Income	723	653	1104	2021	1239	1477	1680	2864	1369	1690
Total Expenditure	473	449	754	1452	857	1025	1173	2049	977	1172
Operating Profit	250	204	349	569	382	453	507	814	392	518
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	59	58	60	63	66	66	62	68	69	72
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	191	146	290	506	317	387	445	746	323	446
Provision for Tax	51	41	77	134	93	109	124	202	93	124
Profit After Tax	140	106	212	371	223	277	321	544	229	321
Adjustments	0	0	0	-0	0	0	0	0	0	-0
Profit After Adjustments	140	106	212	371	223	277	321	544	229	321
Adjusted Earnings Per Share	1.3	1	1.2	2.1	1.1	1.4	1.6	2.7	1.1	1.6

Brightcom Group Profit & Loss

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	1263	1601	1673	1957	2256	2451	2421	2580	2692	2856	5020	7606
Other Income	34	14	3	14	0	1	1	5	14	21	2	-3
Total Income	1298	1615	1677	1971	2256	2452	2422	2585	2706	2877	5021	7603
Total Expenditure	1025	1494	1308	1385	1582	1722	1708	1828	1903	1991	3516	5371
Operating Profit	272	121	369	586	674	730	713	757	803	886	1505	2231
Interest	28	35	27	23	16	15	15	13	6	0	0	0
Depreciation	17	26	69	41	64	96	108	135	180	226	246	271
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	228	60	273	522	594	619	590	609	617	660	1258	1960
Provision for Tax	36	9	52	180	195	190	183	165	177	177	346	543
Profit After Tax	192	51	221	342	400	429	407	444	440	483	912	1415
Adjustments	0	0	0	0	-1	-1	0	-265	-617	0	0	0
Profit After Adjustments	192	51	221	342	399	429	407	179	-177	483	912	1415
Adjusted Earnings Per Share	1.9	0.5	2.2	3.4	4	4.3	4.1	1.8	-1.8	4.6	4.5	7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	76%	25%	15%	15%
Operating Profit CAGR	70%	26%	16%	19%
PAT CAGR	89%	27%	16%	17%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-1%	46%	40%	6%
ROE Average	21%	17%	17%	19%
ROCE Average	29%	24%	23%	25%

Brightcom Group Balance Sheet

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	931	1038	1159	1530	2032	2409	2825	3004	2826	3260	5294
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	61	52	41	6	0	0	0	0	0	0	0
Other Non-Current Liabilities	90	84	16	19	9	8	7	8	9	8	13
Total Current Liabilities	618	432	587	530	400	432	426	449	431	419	632
Total Liabilities	1699	1605	1803	2085	2441	2849	3258	3461	3266	3687	5939
Fixed Assets	307	284	274	258	483	567	542	524	695	719	850
Other Non-Current Assets	192	195	234	460	481	374	605	720	667	822	864
Total Current Assets	1200	1127	1295	1367	1477	1908	2111	2217	1904	2146	4226
Total Assets	1699	1605	1803	2085	2441	2849	3258	3461	3266	3687	5939

Brightcom Group Cash Flow

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	2	171	94	43	57	60	81	89	103	119	127
Cash Flow from Operating Activities	-146	-105	211	276	242	151	315	510	89	460	287
Cash Flow from Investing Activities	-304	-3	-60	-271	-293	-80	-313	-387	-272	-431	-217
Cash Flow from Financing Activities	619	31	-202	9	54	-51	7	-109	199	-22	548
Net Cash Inflow / Outflow	169	-76	-51	13	3	21	9	13	16	8	618
Closing Cash & Cash Equivalent	171	94	43	56	60	81	89	103	119	127	745

Brightcom Group Ratios

#	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	1.93	0.51	2.23	3.45	4.02	4.32	4.1	1.8	-1.79	4.57	4.52
CEPS(Rs)	2.1	0.78	2.92	3.87	4.67	5.29	5.19	5.84	6.25	6.7	5.74
DPS(Rs)	0.2	0	0	0	0.1	0	0	0	0.05	0.05	0.3
Book NAV/Share(Rs)	9.02	10.46	11.68	15.42	20.48	24.28	28.47	30.27	28.49	30.82	26.24
Core EBITDA Margin(%)	18.82	6.66	21.83	29.21	29.86	29.75	29.43	29.14	29.3	30.29	29.95
EBIT Margin(%)	20.21	5.93	17.92	27.82	27.04	25.87	25	24.1	23.16	23.11	25.07
Pre Tax Margin(%)	18.02	3.74	16.31	26.67	26.33	25.25	24.39	23.59	22.92	23.11	25.06
PAT Margin (%)	15.18	3.19	13.2	17.49	17.71	17.51	16.81	17.21	16.35	16.91	18.17
Cash Profit Margin (%)	16.51	4.81	17.32	19.6	20.53	21.42	21.28	22.44	23.01	24.83	23.08
ROA(%)	17.72	3.09	12.97	17.6	17.65	16.23	13.33	13.22	13.08	13.89	18.95
ROE(%)	35.95	5.28	20.11	25.45	22.43	19.33	15.55	15.23	15.1	15.87	21.33
ROCE(%)	35.93	8.04	23.58	37.02	32.64	27.57	22.46	20.82	21.02	21.56	29.42
Receivable days	141.16	155.12	155.32	152.14	126.61	111.41	124.54	124.83	126.39	133.81	109.09
Inventory Days	0	0	0	0	0	0	0	0	0	0	0
Payable days	1649.23	0	0	0	0	0	0	0	0	0	0
PER(x)	24.5	24.98	3.27	3.99	2.25	0.86	0.54	0.84	0	0.87	21.55
Price/Book(x)	5.25	1.23	0.62	0.89	0.44	0.15	0.08	0.05	0.05	0.13	3.71
Dividend Yield(%)	0.2	0	0	0	0.53	0	0	0	1.61	0.61	0.31
EV/Net Sales(x)	3.75	0.85	0.5	0.72	0.41	0.15	0.09	0.04	0.02	0.1	3.77
EV/Core EBITDA(x)	17.4	11.3	2.27	2.39	1.36	0.5	0.29	0.15	0.08	0.33	12.57
Net Sales Growth(%)	170.26	26.75	4.52	16.95	15.27	8.66	-1.25	6.59	4.34	6.07	75.77
EBIT Growth(%)	266.09	-62.8	215.69	81.62	12.02	3.98	-4.59	2.74	0.28	5.88	90.64
PAT Growth(%)	282.2	-73.41	333.3	54.88	16.74	7.44	-5.18	9.08	-0.87	9.75	88.86
EPS Growth(%)	-79.6	-73.41	333.27	54.88	16.56	7.46	-5.05	-56.13	-199.29	355.58	-1.02
Debt/Equity(x)	0.23	0.18	0.14	0.06	0.04	0.03	0.03	0.02	0.01	0	0
Current Ratio(x)	1.94	2.61	2.21	2.58	3.69	4.42	4.96	4.94	4.42	5.12	6.69
Quick Ratio(x)	1.94	2.61	2.21	2.58	3.69	4.42	4.96	4.94	4.42	5.12	6.69
Interest Cover(x)	9.23	2.7	11.13	24.18	38.37	41.61	40.9	47.18	98.99	6221.59	4003.87
Total Debt/Mcap(x)	0.82	0.15	0.22	0.07	0.09	0.22	0.35	0.45	0.24	0	0

Brightcom Group Shareholding Pattern

#	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Promoter	22.4	22.4	18.47	18.47	18.47	18.47	18.47	18.44	18.38	18.38
FII	0.38	1.87	12.15	13.55	14.01	14.53	15.76	8.87	9.5	10.5
DII	0	0	0	0.07	0.06	0.09	0.11	0.11	0.14	0.2
Public	77.22	75.73	69.37	67.91	67.46	66.92	65.65	72.58	71.98	70.91
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Promoter	23.33	23.33	22.37	37.28	37.28	37.28	37.28	37.21	37.1	37.1
FII	0.4	1.95	14.71	27.35	28.27	29.32	31.82	17.91	19.18	21.2
DII	0	0	0	0.14	0.11	0.18	0.23	0.22	0.27	0.41
Public	80.43	78.88	84	137.03	136.13	135.07	132.52	146.51	145.29	143.14
Others	0	0	0	0	0	0	0	0	0	0
Total	104.16	104.16	121.08	201.79	201.79	201.85	201.85	201.85	201.85	201.85

Pros

Stock is trading at 0.4 times its book value
Company is almost debt free.

Cons

Promoter holding is low: 18.38%.

* 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.