Printing And Publishing · Founded 1982 · www.cybermedia.co.in · BSE 532640 · NSE CYBER MEDIA · ISIN INE278G01037
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Business
Cyber Media (India) Ltd. is a specialized media company primarily focused on the Information Technology (IT) and Telecom sectors in India. It operates across various platforms including print magazines, online portals, events, and research services. Its core business model revolves around generating revenue through advertising and sponsorships across its print and digital properties, delegate fees and sponsorships for its industry events and conferences, and subscriptions for its publications (both print and digital). The company also offers custom content and research services to enterprise clients. Key brands include Dataquest, PCQuest, Voice&Data, and DQ Channels.
Revenue Mix
The company's revenue streams typically originate from:
Print Publishing: Advertising sales and subscriptions from its portfolio of technology-focused magazines.
Digital Media: Online advertising, content syndication, and digital subscriptions across its web portals and digital platforms.
Events & Conferences: Sponsorships, delegate fees, and exhibition revenues generated from organizing a range of industry-specific events, awards, and conferences.
Research & Consulting: Providing market intelligence, custom research reports, and advisory services primarily to technology and telecom companies.
Industry
The Indian printing and publishing industry is diverse and highly competitive, undergoing significant transformation with the shift towards digital media. While traditional print faces declining readership, digital content consumption is surging. Cyber Media positions itself as a niche leader within the technology and telecom media space. It serves a targeted audience of IT professionals, business decision-makers, and technology enthusiasts. Its strong brand recall within the Indian tech ecosystem allows it to differentiate from general news or business publications, commanding a specific audience and advertiser base.
MOAT
Brand Recognition & Legacy: Established brands like Dataquest and PCQuest have a long history (decades) and strong recall among IT professionals and decision-makers in India, built through consistent content delivery.
Content Specialization: Deep domain expertise and singular focus on the IT and telecom sectors enable the creation of highly relevant, authoritative, and credible content, which attracts a targeted audience and specialized advertisers.
Advertiser Relationships: Long-standing relationships with major technology companies and brands that rely on Cyber Media's platforms to reach their specific target audience within the Indian market.
Event Portfolio & Credibility: A proven track record of successfully organizing industry-leading events and awards enhances its credibility and provides valuable platforms for networking, thought leadership, and lead generation for clients.
Growth Drivers
Digital Transformation & Ad Spend: The continued digital transformation of businesses and consumers in India drives increased demand for online content and digital advertising, offering new monetization avenues.
Growth of Indian IT/Tech Sector: The robust and expanding Indian technology and telecom industry provides a growing market for specialized content, industry news, and B2B services.
Content Marketing & Custom Solutions: Growing demand from enterprises for specialized content creation and distribution as part of their marketing strategies, which Cyber Media can provide.
Expansion of Event Formats: Adapting to hybrid and virtual event models can broaden reach, reduce logistical costs, and tap into new revenue streams beyond traditional physical events.
Risks
Decline in Print Media: Persistent and accelerated decline in print readership and advertising revenue poses a significant threat to its traditional business model.
Competition from Digital-Native Media: Intense competition from pure-play digital news sites, blogs, social media influencers, and global tech publications for audience attention and advertising budgets.
Monetization Challenges for Digital Content: Difficulty in effectively monetizing online content through advertising or subscriptions amidst an increasingly crowded and often free-content digital landscape.
Economic Downturn: A slowdown in the Indian or global economy, particularly affecting the IT sector, can lead to reduced advertising and marketing budgets from clients.
Technological Obsolescence: Failure to continuously innovate and adapt to new content formats, distribution channels (e.g., video, podcasts, interactive platforms), and audience engagement technologies.
Management & Ownership
Cyber Media (India) Ltd. is a promoter-driven company. Mr. Pradeep Gupta serves as the Chairman and Managing Director, having founded the company and been instrumental in establishing its niche in technology publishing. The management team generally possesses long-standing experience within the Indian media and technology sectors, guiding the company's strategic direction. The ownership structure typically includes a significant stake held by the promoter group, alongside institutional investors and public shareholders.
Outlook
Cyber Media faces a critical juncture, navigating the broader industry shift away from traditional print towards digital media. While the decline in print readership and intense competition for digital advertising pose significant challenges to its legacy revenue streams, the company benefits from a strong brand legacy and deep specialization within India's rapidly expanding technology and telecom sectors. Its success hinges on its ability to effectively pivot to a digital-first content strategy, innovate its event portfolio (including virtual and hybrid models), and leverage its expertise in custom content and research to create sustainable new revenue streams. The company has a foundational brand strength, but agile execution in digital transformation and new business model development will be crucial for its long-term growth and relevance.
| #(Fig in Cr.) | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 26 | 21 | 21 | 24 | 22 | 26 | 24 | 25 | 28 | 50 |
| Other Income | 1 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Total Income | 27 | 21 | 21 | 24 | 22 | 26 | 25 | 25 | 28 | 51 |
| Total Expenditure | 24 | 21 | 21 | 24 | 22 | 24 | 23 | 24 | 27 | 49 |
| Operating Profit | 3 | 0 | 0 | 0 | 0 | 2 | 1 | 2 | 2 | 2 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | -1 | -0 | -0 | -9 | -0 | 0 | 0 | -1 | 0 | 0 |
| Profit Before Tax | 2 | 0 | 0 | -9 | -0 | 1 | 1 | 0 | 2 | 2 |
| Provision for Tax | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 1 | -0 | 0 | -9 | -1 | 1 | 1 | 0 | 2 | 2 |
| Adjustments | 0 | 0 | 0 | -0 | 0 | -1 | -0 | -0 | 0 | -1 |
| Profit After Adjustments | 1 | -0 | 0 | -9 | -1 | 0 | 1 | -0 | 2 | 1 |
| Adjusted Earnings Per Share | 0.6 | -0.1 | 0 | -5.5 | -0.3 | 0.2 | 0.3 | -0.1 | 0.8 | 0.4 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 49 | 53 | 40 | 57 | 40 | 39 | 72 | 78 | 102 | 87 | 103 | 127 |
| Other Income | 2 | 1 | 5 | 4 | 2 | 0 | 0 | 0 | 3 | 1 | 1 | 1 |
| Total Income | 51 | 54 | 45 | 61 | 42 | 39 | 72 | 79 | 105 | 88 | 105 | 129 |
| Total Expenditure | 59 | 55 | 41 | 57 | 40 | 36 | 67 | 73 | 97 | 87 | 98 | 123 |
| Operating Profit | -8 | -1 | 4 | 4 | 2 | 3 | 5 | 5 | 8 | 1 | 7 | 7 |
| Interest | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 0 |
| Depreciation | 4 | 3 | 4 | 3 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 5 | 0 | -23 | 0 | 0 | 6 | -1 | -9 | -1 | -1 |
| Profit Before Tax | -14 | -6 | 3 | -1 | -24 | 0 | 2 | 10 | 5 | -9 | 5 | 5 |
| Provision for Tax | -1 | -2 | 0 | 2 | 4 | 0 | 1 | 5 | 2 | 1 | 1 | 0 |
| Profit After Tax | -13 | -5 | 3 | -3 | -28 | 0 | 2 | 5 | 3 | -10 | 4 | 5 |
| Adjustments | 0 | 0 | 0 | -0 | -0 | -0 | -0 | -1 | -2 | -2 | -2 | -1 |
| Profit After Adjustments | -13 | -5 | 3 | -3 | -28 | -0 | 1 | 4 | 1 | -11 | 2 | 4 |
| Adjusted Earnings Per Share | -11.6 | -3.7 | 2.1 | -2.2 | -20.2 | -0.1 | 0.8 | 2.4 | 0.8 | -6.8 | 0.7 | 1.4 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 18% | 10% | 21% | 8% |
| Operating Profit CAGR | 600% | 12% | 18% | 0% |
| PAT CAGR | 0% | -7% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 0% | 1% | 14% | 4% |
| ROE Average | 0% | 0% | 0% | -88% |
| ROCE Average | 0% | -310% | -144% | -71% |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 28 | 21 | 22 | 20 | -14 | -12 | -11 | -5 | -5 | -16 | -8 |
| Minority's Interest | 0 | 0 | 0 | -0 | -0 | 0 | 1 | 7 | 9 | 10 | 12 |
| Borrowings | 27 | 22 | 24 | 27 | 9 | 7 | 9 | 10 | 8 | 11 | 9 |
| Other Non-Current Liabilities | -8 | 6 | -10 | -10 | -6 | -6 | -5 | -1 | -1 | -0 | -0 |
| Total Current Liabilities | 32 | 29 | 39 | 19 | 32 | 31 | 34 | 25 | 31 | 41 | 31 |
| Total Liabilities | 79 | 78 | 75 | 56 | 21 | 21 | 27 | 35 | 42 | 45 | 44 |
| Fixed Assets | 32 | 32 | 28 | 28 | 3 | 3 | 4 | 3 | 4 | 4 | 4 |
| Other Non-Current Assets | 17 | 9 | 9 | 10 | 2 | 2 | 1 | 2 | 3 | 3 | 4 |
| Total Current Assets | 30 | 37 | 38 | 19 | 15 | 15 | 22 | 30 | 35 | 38 | 36 |
| Total Assets | 79 | 78 | 75 | 56 | 21 | 21 | 27 | 35 | 42 | 45 | 44 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 6 | 2 | 2 | 2 | 2 | 2 | 3 | 6 | 8 | 4 | 4 |
| Cash Flow from Operating Activities | -6 | 12 | 1 | -0 | -16 | 2 | 6 | 7 | -1 | -0 | -3 |
| Cash Flow from Investing Activities | -1 | 2 | 0 | -0 | 23 | -0 | -0 | 6 | -2 | -0 | -2 |
| Cash Flow from Financing Activities | 4 | -14 | -1 | 1 | -9 | -1 | -3 | -10 | -1 | 0 | 4 |
| Net Cash Inflow / Outflow | -4 | -0 | 1 | 0 | -1 | 1 | 3 | 3 | -4 | 0 | -1 |
| Closing Cash & Cash Equivalent | 2 | 2 | 2 | 2 | 2 | 3 | 6 | 8 | 4 | 4 | 4 |
| # | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | -11.56 | -3.75 | 2.12 | -2.18 | -20.22 | -0.14 | 0.79 | 2.42 | 0.83 | -6.79 | 0.73 |
| CEPS(Rs) | -7.83 | -1.18 | 4.88 | 0.01 | -19.59 | 0.19 | 1.14 | 3.24 | 2.3 | -5.7 | 2.01 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 25.55 | 17.3 | 16.14 | 14.94 | -10.5 | -7.1 | -6.67 | -3.27 | -2.78 | -9.86 | -3.67 |
| Core EBITDA Margin(%) | -19.47 | -4.35 | -3.73 | 0.04 | 0.68 | 6.23 | 5.87 | 6.66 | 4.77 | -0.64 | 5.29 |
| EBIT Margin(%) | -24.49 | -8.65 | 12.8 | 2.07 | -55.08 | 6.28 | 5.96 | 14.1 | 5.87 | -9.59 | 5.72 |
| Pre Tax Margin(%) | -28.38 | -12.29 | 7.77 | -1.39 | -59.61 | 1.1 | 3.12 | 12.44 | 4.94 | -10.51 | 4.7 |
| PAT Margin (%) | -26.01 | -8.95 | 6.6 | -4.94 | -68.66 | 0.21 | 2.12 | 6.36 | 3.35 | -11.22 | 3.78 |
| Cash Profit Margin (%) | -17.6 | -2.75 | 16.73 | 0.03 | -66.54 | 0.84 | 2.65 | 6.86 | 3.75 | -10.9 | 4.03 |
| ROA(%) | -14.96 | -5.99 | 3.43 | -4.26 | -71.57 | 0.39 | 6.4 | 16.08 | 8.82 | -22.37 | 8.73 |
| ROE(%) | -38.35 | -18.96 | 12.15 | -13.23 | -910.75 | 0 | 0 | 0 | 0 | 0 | 0 |
| ROCE(%) | -17.06 | -7.53 | 9.97 | 2.33 | -74.84 | 27.8 | 49.05 | 163.52 | 111.1 | -1041.18 | 0 |
| Receivable days | 185.19 | 114.51 | 113.92 | 75.47 | 88.68 | 83.84 | 54.85 | 69.95 | 79.2 | 119.39 | 104.41 |
| Inventory Days | 48.74 | 34.36 | 24.61 | 14.38 | 10.36 | 0.23 | 0.09 | 0.07 | 0.04 | 0.05 | 0.03 |
| Payable days | 8552.63 | 2782.35 | 2283.05 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PER(x) | 0 | 0 | 6.26 | 0 | 0 | 0 | 35.71 | 6.21 | 26.87 | 0 | 15.78 |
| Price/Book(x) | 0.29 | 0.57 | 0.82 | 0.33 | -0.2 | -1.17 | -4.23 | -4.59 | -8.03 | -1.2 | -3.13 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.94 | 0.78 | 1.1 | 0.61 | 0.59 | 0.82 | 0.85 | 0.34 | 0.42 | 0.32 | 0.29 |
| EV/Core EBITDA(x) | -5.87 | -31.9 | 11.08 | 8.71 | 10.79 | 11.82 | 13.03 | 4.94 | 5.54 | 31.81 | 4.45 |
| Net Sales Growth(%) | -11.33 | 6.26 | -24.31 | 42.53 | -29.21 | -3.99 | 85.76 | 9.59 | 29.8 | -14.82 | 19.08 |
| EBIT Growth(%) | -239.61 | 62.47 | 212.02 | -76.94 | -1982.75 | 110.94 | 76.51 | 159.18 | -45.94 | -239.16 | 171.02 |
| PAT Growth(%) | -84.66 | 63.43 | 155.76 | -206.77 | -883.84 | 100.29 | 1794.14 | 228.37 | -31.69 | -385.51 | 140.1 |
| EPS Growth(%) | -84.66 | 67.59 | 156.56 | -202.98 | -826.22 | 99.31 | 663.15 | 205.48 | -65.58 | -917.3 | 110.73 |
| Debt/Equity(x) | 1.42 | 1.45 | 1.28 | 1.48 | -1.6 | -1.75 | -1.77 | -1.92 | -2.25 | -0.74 | -1.33 |
| Current Ratio(x) | 0.95 | 1.3 | 0.99 | 0.98 | 0.48 | 0.5 | 0.65 | 1.22 | 1.15 | 0.92 | 1.16 |
| Quick Ratio(x) | 0.74 | 1.19 | 0.93 | 0.87 | 0.47 | 0.5 | 0.65 | 1.22 | 1.15 | 0.92 | 1.16 |
| Interest Cover(x) | -6.28 | -2.38 | 2.55 | 0.6 | -12.16 | 1.21 | 2.1 | 8.46 | 6.29 | -10.5 | 5.6 |
| Total Debt/Mcap(x) | 4.88 | 2.56 | 1.56 | 4.54 | 8.07 | 1.5 | 0.42 | 0.42 | 0.28 | 0.62 | 0.42 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 61.79 | 61.79 | 61.79 | 61.79 | 61.79 | 66.57 | 66.57 | 66.57 | 67.13 | 67.13 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 38.21 | 38.21 | 38.21 | 38.21 | 38.21 | 33.42 | 33.42 | 33.42 | 32.87 | 32.87 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.97 | 0.97 | 0.97 | 0.97 | 0.97 | 1.39 | 1.39 | 1.39 | 1.39 | 1.39 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.7 | 0.7 | 0.7 | 0.68 | 0.68 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.57 | 1.57 | 1.57 | 1.57 | 1.57 | 2.08 | 2.08 | 2.08 | 2.07 | 2.07 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | +18% | +10% | +21% | +8% |
| Operating Profit CAGR | +600% | +12% | +18% | — |
| PAT CAGR | — | -7% | — | — |
| Share Price CAGR | 0% | +1% | +14% | +4% |
| ROE Average | 0% | 0% | 0% | -88% |
| ROCE Average | 0% | -310% | -144% | -71% |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 61.79 | 61.79 | 61.79 | 61.79 | 61.79 | 66.57 | 66.57 | 66.57 | 67.13 | 67.13 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 38.21 | 38.21 | 38.21 | 38.21 | 38.21 | 33.42 | 33.42 | 33.42 | 32.87 | 32.87 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.97 | 0.97 | 0.97 | 0.97 | 0.97 | 1.39 | 1.39 | 1.39 | 1.39 | 1.39 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.7 | 0.7 | 0.7 | 0.68 | 0.68 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.57 | 1.57 | 1.57 | 1.57 | 1.57 | 2.08 | 2.08 | 2.08 | 2.07 | 2.07 |
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