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Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹25 Cr.
Stock P/E
27.2
P/B
1.6
Current Price
₹2.5
Book Value
₹ 1.5
Face Value
1
52W High
₹3.5
52W Low
₹ 1.3
Dividend Yield
0%

Crystal Business Sys Overview

Business

Crystal Business System Ltd. operates in the dual sectors of TV Broadcasting and Software Production. Its core business likely involves producing and/or broadcasting television content, which typically generates revenue through advertising sales, and potentially through content licensing or subscription fees if it operates proprietary channels. Concurrently, the company is involved in software production, suggesting it develops software solutions for various clients or for its own internal media operations. This segment would generate revenue through project-based contracts, software licensing, or maintenance services.

Revenue Mix

Specific revenue breakdowns are not publicly available. However, based on its stated industry, Crystal Business System Ltd. would primarily have two main operating segments:

TV Broadcasting: This segment would encompass activities related to content creation, channel operations, and distribution, with revenue largely driven by advertising.

Software Production: This segment would involve the development, customization, and deployment of software solutions, generating revenue through services, projects, or licensing.

The exact contribution of each segment to overall revenue and profitability is unknown.

Industry

Crystal Business System Ltd. operates in two highly competitive industries in India. The TV Broadcasting sector is dominated by large, established networks (e.g., Zee, Star, Sony, Viacom18) with vast content libraries and extensive distribution. Smaller players like Crystal often focus on niche content, regional markets, or specific genres to carve out a presence. The Software Production industry is also fragmented, ranging from large-cap IT service providers to numerous mid-tier and small players specializing in various technologies or domains. Without specific market share data, it is likely that Crystal Business System Ltd. operates as a smaller player, potentially serving niche markets or specific client needs within these competitive landscapes.

MOAT

Based on the limited information, it is not immediately evident that Crystal Business System Ltd. possesses a significant, durable competitive advantage. In TV broadcasting, moats typically include strong brand recognition, exclusive content rights, extensive distribution networks, or high switching costs for viewers/advertisers. For software production, moats can stem from proprietary technology, specialized domain expertise, strong client relationships leading to recurring revenue, or high switching costs for enterprise clients. Without details on its specific content, technology, or market position, a strong moat is not readily apparent.

Growth Drivers

Increased Media Consumption: Growing disposable incomes and rising demand for diverse content in India, particularly regional and digital-first content, could drive growth for its broadcasting arm.

Advertising Market Expansion: A growing Indian economy and increased digital penetration can lead to higher advertising spends, benefiting broadcasters.

Digital Transformation: The ongoing digital transformation initiatives across industries in India could fuel demand for software solutions and services.

Content Diversification: Successful expansion into new content genres, regional languages, or digital platforms (OTT) could open new revenue streams.

Software Specialization: Developing niche expertise or proprietary software products in high-demand areas could drive growth in the software segment.

Risks

Intense Competition: Facing well-funded and established players in both broadcasting and software production sectors can pressure market share, pricing, and profitability.

Advertising Revenue Volatility: Broadcasting revenue is heavily reliant on advertising, which can be cyclical and sensitive to economic downturns.

Content Costs: High costs associated with content acquisition, production, and talent can impact margins in the broadcasting segment.

Technological Disruption: Rapid changes in media consumption habits (e.g., shift to OTT platforms) and evolving software technologies pose ongoing challenges.

Regulatory Changes: The Indian media and IT sectors are subject to regulations from bodies like TRAI and other government agencies, which can impact operations and revenue models.

Talent Retention: Attracting and retaining skilled talent in both content creation and software development is crucial and can be challenging.

Management & Ownership

Specific details regarding the promoters, management quality, and detailed ownership structure for Crystal Business System Ltd. are not readily available from the provided information. In India, many smaller listed companies tend to be promoter-led, with significant ownership held by the founding families or groups. The management's experience and strategic direction would be key factors in navigating the competitive industries it operates within.

Outlook

Crystal Business System Ltd. operates in dynamic and evolving sectors with significant growth potential, driven by India's expanding digital economy and media consumption. The broadcasting segment can capitalize on increasing advertising spends and demand for varied content, while the software production arm can benefit from ongoing digital transformation needs. However, the company faces substantial hurdles, including intense competition from larger, more established players, the high cost of content production, advertising revenue volatility, and rapid technological shifts in both industries. Its future performance will largely depend on its ability to identify and capitalize on niche opportunities, effectively manage its content and technology investments, innovate its offerings, and execute its strategy efficiently against well-resourced competitors.

Crystal Business Sys Share Price

Live · BSE · Inception: 1994
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Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

Crystal Business Sys Quarterly Results

#(Fig in Cr.) Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Net Sales 2 4 3 4 4 6 2 2 1 5
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 2 4 3 4 4 7 2 2 1 5
Total Expenditure 4 3 3 3 2 8 2 2 2 1
Operating Profit -2 1 0 1 2 -1 -1 -1 -1 3
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 0 -0 0 0 0 -0 0 0 0 0
Profit Before Tax -2 1 0 1 2 -2 -1 -1 -2 3
Provision for Tax -0 -0 0 0 0 -0 -0 -0 0 0
Profit After Tax -2 1 0 1 1 -1 -1 -1 -2 3
Adjustments 0 0 0 -0 0 0 0 0 -0 0
Profit After Adjustments -2 1 0 1 1 -1 -1 -1 -2 3
Adjusted Earnings Per Share -0.2 0.1 0 0.1 0.1 -0.1 -0.1 -0.1 -0.2 0.3

Crystal Business Sys Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 23 24 36 55 55 35 22 24 19 15 17 10
Other Income 0 0 0 0 0 0 0 1 1 0 0 0
Total Income 23 24 36 55 55 35 22 25 20 16 18 10
Total Expenditure 23 24 35 53 53 33 22 24 20 15 16 7
Operating Profit 0 1 1 2 2 2 0 1 1 1 2 0
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 1 1 2 2 1 -0 0 0 0 1 -1
Provision for Tax 0 0 0 1 1 0 -0 0 0 0 0 0
Profit After Tax 0 0 1 1 1 1 -0 0 -0 0 1 -1
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 0 1 1 1 1 -0 0 -0 0 1 -1
Adjusted Earnings Per Share 0.1 0 0.1 0.1 0.1 0.1 -0 0 -0.1 0 0.1 -0.1

Crystal Business Sys Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 4 11 11 12 13 14 14 15 14 15 15
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 5 3 2 2
Other Non-Current Liabilities 0 0 0 0 1 0 -0 1 1 -0 -0
Total Current Liabilities 13 11 22 17 26 14 12 8 9 8 7
Total Liabilities 17 22 34 29 41 28 26 28 27 25 24
Fixed Assets 0 0 0 0 2 2 2 2 2 2 1
Other Non-Current Assets 0 1 1 1 4 3 3 9 12 13 9
Total Current Assets 16 22 33 28 34 23 21 17 13 11 14
Total Assets 17 22 34 29 41 28 26 28 27 25 24

Crystal Business Sys Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 2 0 14 13 1 0 0 1 1 0 1
Cash Flow from Operating Activities 0 7 -2 -13 -1 4 4 2 5 1 -3
Cash Flow from Investing Activities -1 0 -0 -0 -2 -0 -4 -4 -0 -0 2
Cash Flow from Financing Activities -1 8 0 2 2 -4 1 2 -6 0 1
Net Cash Inflow / Outflow -2 14 -1 -12 -1 -0 1 0 -1 0 -0
Closing Cash & Cash Equivalent 0 14 13 1 0 0 1 1 0 1 0

Crystal Business Sys Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.1 0.04 0.06 0.11 0.14 0.09 -0.01 0.03 -0.12 0.03 0.09
CEPS(Rs) 0.11 0.04 0.06 0.11 0.16 0.13 0.03 0.08 0.34 0.08 0.14
DPS(Rs) 0 0.01 0 0.03 0 0 0 0 0 0 0
Book NAV/Share(Rs) 1.1 1.1 1.13 1.18 1.31 1.43 1.42 1.45 14.13 1.5 1.52
Core EBITDA Margin(%) 2.12 2.08 2.45 3.2 3.89 4.84 1.3 -1.9 -3.14 4.95 9.1
EBIT Margin(%) 2.1 2.34 2.46 3.11 3.51 3.58 -0.46 1.57 1.3 3.2 8.69
Pre Tax Margin(%) 2.09 2.34 2.44 3.03 3.47 3.53 -0.57 1.54 1.27 3.11 7.88
PAT Margin (%) 1.44 1.61 1.62 1.98 2.52 2.55 -0.49 1.28 -0.63 2.18 5.26
Cash Profit Margin (%) 1.46 1.66 1.71 2.08 2.9 3.9 1.34 3.26 1.82 4.88 7.91
ROA(%) 3.19 1.99 2.09 3.46 4 2.55 -0.41 1.12 -0.43 1.29 3.64
ROE(%) 9.88 5.45 5.32 9.48 11.22 6.41 -0.78 2.12 -0.82 2.3 5.98
ROCE(%) 12.62 7.41 7.12 11.78 11.1 6.85 -0.61 2.02 1.32 2.83 8.18
Receivable days 154.89 82.79 69.65 86.16 109.59 135.68 101.81 96.31 125.22 154 122.95
Inventory Days 8.96 8.65 0 4.28 4.41 12.06 19.97 11.93 0 0 0
Payable days 0 0 9092.21 0 797.22 582.11 3772.1 1933.45 2789.88 0 5493.31
PER(x) 0 0 0 33.49 9.71 0 0 91.8 0 125.67 28.9
Price/Book(x) 0 0 0 3.11 1.03 0 0.75 1.93 0.34 2.81 1.72
Dividend Yield(%) 0 0 0 0.68 0.15 0 0 0 0 0 0
EV/Net Sales(x) 0.14 -0.15 -0.03 0.72 0.35 0.36 0.58 1.35 0.41 2.86 1.74
EV/Core EBITDA(x) 6.5 -6.33 -1.14 22.45 9.08 7.32 42.53 38.11 11.08 48.57 15.31
Net Sales Growth(%) 836.27 3.61 48.98 52.86 0.33 -37.68 -34.89 6.27 -20.71 -18.65 11.77
EBIT Growth(%) 821 15.43 56.89 92.71 13.49 -36.49 -108.45 459.33 -34.59 100.86 203.24
PAT Growth(%) 854.14 15.63 50.2 86.87 27.68 -36.99 -112.6 374.8 -138.78 383.87 169.41
EPS Growth(%) 854.14 -61.43 46.03 86.92 27.65 -36.99 -112.6 375.27 -487.21 128.37 169.55
Debt/Equity(x) 0 0.09 0.17 0.34 0.46 0.17 0.22 0.36 0.23 0.17 0.25
Current Ratio(x) 1.25 1.89 1.48 1.61 1.29 1.65 1.84 2.21 1.43 1.38 2.05
Quick Ratio(x) 1.28 1.84 1.48 1.57 1.27 1.54 1.76 2.12 1.43 1.38 2.05
Interest Cover(x) 207.64 849.97 108.55 38.81 78.81 65.76 -4.39 45.79 58.48 34.99 10.82
Total Debt/Mcap(x) 0 0 0 0.11 0.45 0 0.29 0.19 0.07 0.06 0.15

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +13% -11% -13% -3%
Operating Profit CAGR +100% +26% 0%
PAT CAGR 0%
Share Price CAGR -11% -19% +19%
ROE Average +6% +2% +2% +5%
ROCE Average +8% +4% +3% +6%

Crystal Business Sys Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 25.47 %
FII 0 %
DII (MF + Insurance) 0 %
Public (retail) 74.53 %
# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 25.4725.4725.4725.4725.4725.4725.4725.4725.4725.47
FII 0000000000
DII 0000000000
Public 74.5374.5374.5374.5374.5374.5374.5374.5374.5374.53
Others 0000000000
Total 100100100100100100100100100100

Crystal Business Sys Peer Comparison

TV Broadcasting & Software Production Edit Columns

Crystal Business Sys Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

See more…

Crystal Business Sys Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Promoter holding is low: 25.47%.
  • Company has a low return on equity of 2% over the last 3 years.
  • Debtor days have increased from 0 to 5493.31days.
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