Advertising & Media · Founded 2013 · www.maaghadvertising.in · BSE 543624 · · ISIN INE0KY201021
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1. Business Overview
Maagh Advertising And Marketing Services Ltd. is an Indian company operating in the advertising and media sector. The company primarily offers a range of advertising and marketing solutions to its clients. This typically includes services such as creative conceptualization, media planning and buying across various platforms (print, television, radio, outdoor), digital marketing (social media, SEO, SEM, content marketing), public relations, and event management. The core business model involves providing strategic communication services to help businesses promote their products, services, or brands. The company generates revenue through project-based fees, retainers from long-term clients, and commissions on media spends managed for clients.
2. Key Segments / Revenue Mix
While specific revenue contribution data is not publicly available, advertising and marketing services companies typically derive revenue from several key segments:
Creative Services: Developing ad campaigns, graphic design, content creation.
Media Planning & Buying: Strategizing and executing ad placements across traditional and digital media.
Digital Marketing: SEO, SEM, social media management, performance marketing.
Out-of-Home (OOH) Advertising: Billboards, transit advertising.
Public Relations & Events: Managing public image and organizing promotional events.
Given its industry, Maagh Advertising likely has a mix across these services, with an increasing focus on digital marketing solutions in the current market environment.
3. Industry & Positioning
The Indian advertising and media industry is dynamic and highly competitive, characterized by the presence of large multinational agency networks, established national agencies, and numerous smaller independent players. The market is fragmented, with significant competition for client mandates. Maagh Advertising And Marketing Services Ltd. likely positions itself as a smaller, agile, and possibly cost-effective alternative to larger agencies, focusing on a specific niche or regional market, or offering personalized services. Its competitive positioning would depend on its ability to deliver innovative campaigns, build strong client relationships, and demonstrate a measurable return on investment for clients' marketing spends.
4. Competitive Advantage (Moat)
Advertising agencies, especially smaller ones, generally possess limited durable competitive advantages (moats). Their advantages are often soft and reliant on:
Client Relationships: Strong, long-standing relationships with clients can create sticky revenue.
Creative Talent & Reputation: The ability to consistently produce effective and innovative campaigns can attract and retain clients.
Specialized Expertise: Niche capabilities (e.g., performance marketing, regional language campaigns, specific industry focus) can differentiate.
Agility & Cost-Effectiveness: Smaller firms can sometimes offer quicker turnaround times and more competitive pricing than larger counterparts.
However, these are typically not strong, structural moats like network effects or high switching costs, making them susceptible to competition and client churn.
5. Growth Drivers
Key factors that can drive growth for Maagh Advertising over the next 3-5 years include:
Increasing Digital Ad Spend: Continued shift of marketing budgets towards digital platforms (social media, search, video) by businesses.
E-commerce Growth: Rise of online retail necessitating strong digital marketing and brand building efforts.
Expanding SME Market: Growth of small and medium-sized enterprises (SMEs) seeking professional marketing services to reach wider audiences.
Regional Market Potential: Untapped advertising potential in Tier 2 and Tier 3 Indian cities and non-metro markets.
Data-Driven Marketing: Adoption of analytics and AI to deliver more targeted and effective campaigns.
6. Risks
Economic Downturns: Advertising spending is often discretionary and can be significantly cut by clients during economic slowdowns.
Intense Competition: The fragmented and competitive nature of the industry makes client acquisition and retention challenging.
Talent Attrition: Reliance on creative and strategic talent makes retention crucial; loss of key personnel can impact service quality and client relationships.
Technological Shifts: Rapid changes in advertising technology (e.g., AI in ad tech, evolving media consumption patterns) require continuous adaptation and investment.
Client Concentration: Potential over-reliance on a few large clients can lead to revenue volatility if a major client is lost.
Regulatory Changes: Evolving regulations around data privacy, advertising standards, and online content can impact operations.
7. Management & Ownership
As a company listed in India, Maagh Advertising And Marketing Services Ltd. is likely promoter-driven, meaning the founders or their families hold a significant ownership stake and play a central role in management and strategic direction. In service industries like advertising, the vision, experience, and industry network of the promoters and key management personnel are crucial for business development, client acquisition, and creative output. The ownership structure would typically involve a substantial portion held by the promoter group, with the remainder held by public shareholders. Specific details on individual management members' backgrounds are not provided in the prompt.
8. Outlook
Maagh Advertising And Marketing Services Ltd. operates in a growing but highly competitive sector. The company's potential for growth is supported by the ongoing digital transformation of advertising and the overall expansion of the Indian economy, which fuels marketing budgets. Its ability to adapt to new technologies, offer innovative and results-driven campaigns, and efficiently manage client relationships will be critical. However, the absence of strong structural moats means it faces continuous pressure from both larger established players and newer niche agencies. Economic fluctuations directly impact advertising spend, posing a cyclical risk. Success will depend on consistent creative excellence, strategic client acquisition, talent retention, and efficient operational execution in a dynamic market.
Price goes above X
Price falls below X
PE goes above X
PE falls below X
| #(Fig in Cr.) |
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| 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 |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 | TTM |
|---|---|---|---|---|
| Net Sales | 12 | 9 | 25 | |
| Other Income | 0 | 0 | 0 | |
| Total Income | 12 | 9 | 25 | |
| Total Expenditure | 11 | 9 | 23 | |
| Operating Profit | 1 | 1 | 2 | |
| Interest | 0 | 0 | 0 | |
| Depreciation | 0 | 0 | 0 | |
| Exceptional Income / Expenses | 0 | 0 | 0 | |
| Profit Before Tax | 0 | 0 | 2 | |
| Provision for Tax | 0 | 0 | 0 | |
| Profit After Tax | 0 | 0 | 1 | |
| Adjustments | 0 | 0 | 0 | |
| Profit After Adjustments | 0 | 0 | 1 | |
| Adjusted Earnings Per Share | 0.1 | 0.1 | 0.1 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 178% | 0% | 0% | 0% |
| Operating Profit CAGR | 100% | 0% | 0% | 0% |
| PAT CAGR | 0% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 1055% | 131% | NA% | NA% |
| ROE Average | 3% | 7% | 7% | 7% |
| ROCE Average | 4% | 9% | 9% | 9% |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|
| Shareholder's Funds | 2 | 12 | 79 |
| Minority's Interest | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 |
| Total Current Liabilities | 5 | 1 | 1 |
| Total Liabilities | 7 | 13 | 80 |
| Fixed Assets | 2 | 2 | 1 |
| Other Non-Current Assets | 2 | 2 | 70 |
| Total Current Assets | 3 | 9 | 9 |
| Total Assets | 7 | 13 | 80 |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 0 | 0 |
| Cash Flow from Operating Activities | 1 | -9 | 0 |
| Cash Flow from Investing Activities | -1 | 0 | 0 |
| Cash Flow from Financing Activities | 0 | 9 | 0 |
| Net Cash Inflow / Outflow | -0 | 0 | 0 |
| Closing Cash & Cash Equivalent | 0 | 0 | 0 |
| # | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|
| Earnings Per Share (Rs) | 0.15 | 0.05 | 0.06 |
| CEPS(Rs) | 0.24 | 0.14 | 0.07 |
| DPS(Rs) | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 1.08 | 2.86 | 3.52 |
| Core EBITDA Margin(%) | 5.41 | 7.22 | 7.9 |
| EBIT Margin(%) | 3.75 | 3.49 | 6.77 |
| Pre Tax Margin(%) | 3.75 | 3.49 | 6.77 |
| PAT Margin (%) | 2.78 | 2.4 | 5.08 |
| Cash Profit Margin (%) | 4.44 | 6.13 | 6.21 |
| ROA(%) | 4.51 | 2.21 | 2.77 |
| ROE(%) | 13.8 | 3.14 | 2.83 |
| ROCE(%) | 18.65 | 4.56 | 3.78 |
| Receivable days | 76.08 | 188.75 | 71.66 |
| Inventory Days | 0 | 0 | 0 |
| Payable days | 0 | 139.06 | 34.77 |
| PER(x) | 0 | 21.83 | 255.07 |
| Price/Book(x) | 0 | 0.41 | 4.14 |
| Dividend Yield(%) | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.14 | 0.5 | 12.93 |
| EV/Core EBITDA(x) | 2.51 | 6.9 | 163.56 |
| Net Sales Growth(%) | 0 | -21.95 | 175.92 |
| EBIT Growth(%) | 0 | -27.33 | 434.86 |
| PAT Growth(%) | 0 | -32.47 | 483.3 |
| EPS Growth(%) | 0 | -63.74 | 6.12 |
| Debt/Equity(x) | 0 | 0 | 0 |
| Current Ratio(x) | 0.61 | 10.39 | 9.83 |
| Quick Ratio(x) | 0.61 | 10.39 | 9.83 |
| Interest Cover(x) | 0 | 777.53 | 0 |
| Total Debt/Mcap(x) | 0 | 0 | 0 |
| # | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 53.63 | 53.94 | 53.94 | 9.83 | 9.83 | 9.83 | 9.91 | 9.91 | 9.91 | 9.91 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 46.37 | 46.06 | 46.06 | 90.17 | 90.17 | 90.17 | 90.09 | 90.09 | 90.09 | 90.09 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.18 | 0.18 | 0.18 | 0.18 | 2.21 | 2.21 | 2.23 | 2.23 | 2.23 | 2.23 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.15 | 0.15 | 0.15 | 1.62 | 20.29 | 20.29 | 20.27 | 20.27 | 20.27 | 20.27 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.33 | 0.33 | 0.33 | 1.8 | 22.5 | 22.5 | 22.5 | 22.5 | 22.5 | 22.5 |
| # | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 53.63 | 53.94 | 53.94 | 9.83 | 9.83 | 9.83 | 9.91 | 9.91 | 9.91 | 9.91 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 46.37 | 46.06 | 46.06 | 90.17 | 90.17 | 90.17 | 90.09 | 90.09 | 90.09 | 90.09 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.18 | 0.18 | 0.18 | 0.18 | 2.21 | 2.21 | 2.23 | 2.23 | 2.23 | 2.23 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.15 | 0.15 | 0.15 | 1.62 | 20.29 | 20.29 | 20.27 | 20.27 | 20.27 | 20.27 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.33 | 0.33 | 0.33 | 1.8 | 22.5 | 22.5 | 22.5 | 22.5 | 22.5 | 22.5 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | +178% | — | — | — |
| Operating Profit CAGR | +100% | — | — | — |
| PAT CAGR | — | — | — | — |
| Share Price CAGR | +1055% | +131% | — | — |
| ROE Average | +3% | +7% | +7% | +7% |
| ROCE Average | +4% | +9% | +9% | +9% |
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