Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹44 Cr.
Stock P/E
10.2
P/B
0.5
Current Price
₹24
Book Value
₹ 52.9
Face Value
10
52W High
₹52.8
52W Low
₹ 22.6
Dividend Yield
0%

Graphisads Overview

Business

Graphisads Ltd. is an Indian advertising agency providing comprehensive advertising and marketing solutions. The company offers a wide range of services across various media platforms, including Print, Television, Radio, Outdoor (OOH), Digital Media, Events, Public Relations, and Creative services. Their core business model revolves around acting as an intermediary between advertisers and media owners, earning commissions on media buying and fees for creative development, strategy, and execution of campaigns. They serve a diverse client base, including government organizations, public sector undertakings, and private corporations.

Revenue Mix

While specific percentage breakdowns are not always publicly detailed for SME companies, Graphisads operates as a full-service agency. Their revenue is generated from:

Media Buying: Placing advertisements across traditional media (print, TV, radio, outdoor) and digital platforms.

Creative Services: Developing ad campaigns, content creation, graphic design, and branding.

Events & PR: Organizing promotional events and managing public relations activities.

Given the overall industry trend, a growing portion of revenue is likely derived from digital advertising services, complementing their established traditional media offerings. They have a notable presence in government sector advertising through their empanelment with the Bureau of Outreach and Communication (BOC).

Industry

The Indian advertising and media industry is dynamic, fragmented, and highly competitive, characterized by the presence of large global agency networks, major domestic players, and numerous smaller independent agencies. Advertising spending is heavily influenced by economic cycles and digital transformation. Graphisads positions itself as an integrated, full-service advertising agency with a long operational history (since 1987). A significant differentiator and positioning advantage is its empanelment with the Bureau of Outreach and Communication (BOC), Government of India (formerly DAVP), providing access to government advertising budgets. This places them favorably for public sector campaigns compared to agencies without such accreditation.

MOAT

Graphisads' competitive advantages are primarily:

Government Empanelment: Its long-standing empanelment with the BOC (Bureau of Outreach and Communication) provides a stable stream of business from government ministries, departments, and public sector undertakings, which is a significant barrier to entry for many competitors.

Established Relationships & Experience: Over three decades of operations have allowed them to build strong relationships with clients and media owners, along with a deep understanding of the Indian advertising landscape.

Integrated Service Offering: The ability to provide 360-degree advertising solutions across multiple media types helps in client retention and securing larger, comprehensive mandates.

INS Accreditation: Accreditation with the Indian Newspaper Society (INS) facilitates media buying with print publications.

Growth Drivers

Growth in Indian Ad Spending: The overall growth of the Indian economy and increasing consumer spending are expected to drive higher advertising budgets across sectors.

Digital Ad Spend Growth: The accelerated shift towards digital platforms (social media, mobile, OTT) offers significant growth opportunities for agencies capable of delivering effective digital campaigns.

Government Initiatives & Campaigns: Continued government focus on public awareness programs and various schemes provides a consistent demand for advertising services, benefiting BOC-empanelled agencies.

Expansion into New Geographies/Client Segments: Potential to expand client base beyond existing strongholds and diversify across various industries.

Technological Adoption: Investment in ad-tech and data analytics to offer more targeted and efficient advertising solutions.

Risks

Economic Sensitivity: Advertising expenditure is discretionary and highly sensitive to economic slowdowns, recessions, or adverse business sentiments.

Intense Competition: The industry is highly competitive with numerous local and international players vying for market share, leading to pricing pressures.

Technological Disruption: Rapid changes in advertising technology, digital platforms, and consumer behavior require continuous adaptation and investment, posing a risk if the company fails to keep pace.

Client Concentration: Potential over-reliance on government clients or a few large private clients could pose a risk if these relationships sour or their ad spending is reduced.

Talent Attrition: Attracting and retaining skilled creative and digital talent in a competitive market can be challenging.

Regulatory Changes: Changes in advertising regulations, media policies, or government procurement rules could impact operations.

Management & Ownership

Graphisads Ltd. is promoted by individuals with substantial experience in the advertising industry. Mr. Mukesh Kumar Gupta and Mr. Alok Gupta are key promoters and have been instrumental in the company's growth and development over several decades. The promoter group holds a significant stake in the company, reflecting a vested interest in its long-term performance. Management quality is generally assessed by their ability to navigate industry changes, maintain client relationships, and drive business growth in a competitive environment, relying on their long-standing expertise.

Outlook

Graphisads Ltd. operates in a growing but highly competitive Indian advertising market. Its established presence, particularly its empanelment with the BOC, provides a distinct advantage in securing government contracts, offering a relatively stable revenue stream. The company's ability to provide integrated advertising solutions across traditional and digital media positions it to capture growth from the overall increase in ad spending and the ongoing digital transition. However, its future growth will heavily depend on its agility in adapting to evolving technologies, managing intense competition, and diversifying its client portfolio beyond government contracts. Economic downturns affecting advertising budgets and the continuous need for innovation to stay relevant remain key challenges.

Graphisads Share Price

Live · NSE · Inception: 1987
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Graphisads 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

Graphisads Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 46 89 98 113 154 141
Other Income 2 1 1 1 5 3
Total Income 48 90 99 113 159 144
Total Expenditure 44 79 87 102 147 134
Operating Profit 4 10 12 12 12 10
Interest 2 2 2 3 1 2
Depreciation 1 1 1 1 1 2
Exceptional Income / Expenses 0 0 -0 0 0 0
Profit Before Tax 1 8 8 8 10 5
Provision for Tax 0 2 3 4 1 1
Profit After Tax 1 6 6 4 8 4
Adjustments 0 0 0 0 0 0
Profit After Adjustments 1 6 6 4 8 4
Adjusted Earnings Per Share 0.4 4.1 4.1 2 4.6 2.3

Graphisads Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 34 39 43 100 102 97
Minority's Interest 0 0 0 0 0 0
Borrowings 13 21 16 6 6 8
Other Non-Current Liabilities 1 1 7 14 18 19
Total Current Liabilities 47 40 45 39 56 50
Total Liabilities 94 101 110 158 182 173
Fixed Assets 16 15 15 15 17 22
Other Non-Current Assets 14 12 18 28 48 49
Total Current Assets 64 74 77 116 117 102
Total Assets 94 101 110 158 182 173

Graphisads Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 3 5 5 4 7 8
Cash Flow from Operating Activities -43 3 6 -27 7 14
Cash Flow from Investing Activities -1 2 -9 -11 -25 -17
Cash Flow from Financing Activities -1 -4 2 41 19 1
Net Cash Inflow / Outflow -45 0 -1 3 0 -2
Closing Cash & Cash Equivalent -42 5 4 7 8 6

Graphisads Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 0.41 4.15 4.13 2 4.59 2.34
CEPS(Rs) 1.08 4.7 4.79 2.6 5.41 3.48
DPS(Rs) 0 0 0 0 0 0
Book NAV/Share(Rs) 24.96 29.07 31.83 54.68 55.67 52.9
Core EBITDA Margin(%) 4.17 11.05 11.38 9.71 4.49 5.23
EBIT Margin(%) 6.31 10.83 10.83 9.25 7.08 5.62
Pre Tax Margin(%) 1.5 8.57 8.31 6.79 6.24 3.88
PAT Margin (%) 1.22 6.26 5.65 3.24 5.45 3.03
Cash Profit Margin (%) 3.19 7.1 6.55 4.21 6.42 4.51
ROA(%) 0.59 5.72 5.26 2.72 4.93 2.41
ROE(%) 1.66 15.35 13.58 5.12 8.32 4.31
ROCE(%) 4.12 13.49 14.65 11.53 9.3 6.4
Receivable days 335.29 162.29 135.58 135.21 120.29 128.87
Inventory Days 49.15 13.91 6.41 12.47 14.62 15.89
Payable days -1989.63 1148.93 -3136.32 -3971.59 -4013.67 2985.74
PER(x) 0 0 0 19.01 9.58 13.87
Price/Book(x) 0 0 0 0.7 0.79 0.61
Dividend Yield(%) 0 0 0 0 0 0
EV/Net Sales(x) 0.74 0.35 0.39 0.63 0.63 0.56
EV/Core EBITDA(x) 8.91 2.97 3.28 6.16 7.8 7.9
Net Sales Growth(%) 0 95.22 10.39 14.67 36.28 -8.32
EBIT Growth(%) 0 234.73 10.44 -2.13 4.35 -27.17
PAT Growth(%) 0 899.62 -0.28 -34.29 129.41 -49.04
EPS Growth(%) 0 899.66 -0.28 -51.59 129.41 -49.04
Debt/Equity(x) 1.08 0.87 0.69 0.09 0.23 0.27
Current Ratio(x) 1.36 1.83 1.73 2.99 2.1 2.03
Quick Ratio(x) 1.23 1.82 1.67 2.86 1.97 1.93
Interest Cover(x) 1.31 4.81 4.3 3.77 8.41 3.22
Total Debt/Mcap(x) 0 0 0 0.13 0.29 0.43

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -8% +13% +25% —
Operating Profit CAGR -17% -6% +20% —
PAT CAGR -50% -13% +32% —
Share Price CAGR -30% — — —
ROE Average +4% +6% +9% +8%
ROCE Average +6% +9% +11% +10%

Graphisads Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 73.67 %
FII 0 %
DII (MF + Insurance) 0 %
Public (retail) 26.33 %
# Mar 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
Promoter 73.6673.6673.6673.6673.6673.6673.6773.6773.6773.67
FII 0000000000
DII 0000000000
Public 26.3426.3426.3426.3426.3426.3426.3326.3326.3326.33
Others 0000000000
Total 100100100100100100100100100100

Graphisads Peer Comparison

Advertising & Media Edit Columns

Graphisads Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Graphisads Pros & Cons

Pros

  • Stock is trading at 0.5 times its book value
  • Company has delivered good profit growth of 31% CAGR over last 5 years
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 6% over the last 3 years.
  • Debtor days have increased from -4013.67 to 2985.74days.
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