BAGFILMS
B.A.G Films and Media Limited
Media and broadcasting company across TV, radio and content production and distribution
Consumer Discretionary›Media, Entertainment & Publication›Entertainment›TV Broadcasting & Software Production
Key metrics
Price as of 2026-10-16
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
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What you need to know
BAG Films (B.A.G Films and Media) is a Noida-based media company that earns most of its revenue from television broadcasting, alongside audio-visual production, radio, podcasts, content syndication and leasing.
Company snapshot
11thBy market cap
Ranked among 15 companies in TV Broadcasting & Software Production.
Segment mix
Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.
Largest segment: 77.6% of revenue
| Segment | Revenue share | Revenue | PBT | Assets |
|---|---|---|---|---|
| a) Audio- Visual Production and Distribution | 77.6% | 21 Cr | 2 Cr | — |
| b) Leasing | 22.4% | 6 Cr | 6 Cr | — |
What we see
- ✗Only 13% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.
Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 43 Cr | 23 Cr | 40 Cr | 28 Cr | 34 Cr | 31 Cr | 42 Cr | 31 Cr | 36 Cr | 40 Cr | 43 Cr | 39 Cr |
| Operating expenses (approx.) | 31 Cr | 20 Cr | 38 Cr | 26 Cr | 31 Cr | 26 Cr | 32 Cr | 26 Cr | 32 Cr | 37 Cr | 37 Cr | 31 Cr |
| EBITDA | 13 Cr | 3 Cr | 2 Cr | 2 Cr | 4 Cr | 5 Cr | 10 Cr | 5 Cr | 3 Cr | 3 Cr | 6 Cr | 7 Cr |
| OPM % | 29.0% | 12.0% | 5.1% | 8.3% | 10.4% | 14.9% | 24.1% | 17.0% | 9.5% | 7.2% | 14.4% | 18.6% |
| Other income | 0.04 Cr | 0.43 Cr | 1 Cr | 2 Cr | 0.06 Cr | 0.07 Cr | 1 Cr | 0.09 Cr | 0.05 Cr | 0.04 Cr | 0.98 Cr | 0.01 Cr |
| Interest | 2 Cr | 3 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr |
| Depreciation | 1 Cr | 1 Cr | 1 Cr | 0.88 Cr | 1 Cr | 1 Cr | 0.91 Cr | 0.55 Cr | 0.91 Cr | 0.74 Cr | 0.88 Cr | 0.68 Cr |
| Profit before tax | 9 Cr | -0.83 Cr | -0.59 Cr | 2 Cr | 0.56 Cr | 1 Cr | 8 Cr | 3 Cr | 0.46 Cr | 0.27 Cr | 4 Cr | 4 Cr |
| Tax % | 1.3% | -20.6% | 17.1% | 16.2% | -3.1% | 7.5% | 22.2% | 19.5% | 26.0% | 58.7% | 43.9% | 14.6% |
| Net profit | 9 Cr | -1 Cr | -0.49 Cr | 2 Cr | 0.58 Cr | 1 Cr | 6 Cr | 2 Cr | 0.34 Cr | 0.11 Cr | 2 Cr | 4 Cr |
| EPS (₹) | ₹0.45 | ₹-0.05 | ₹-0.03 | ₹0.08 | ₹0.03 | ₹0.07 | ₹0.33 | ₹0.11 | ₹0.02 | ₹0.01 | ₹0.14 | ₹0.17 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 137 Cr | 132 Cr | 145 Cr | 121 Cr | 100 Cr | 121 Cr | 112 Cr | 132 Cr | 136 Cr | 150 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 104 Cr | 105 Cr | 116 Cr | 111 Cr | 97 Cr | 101 Cr | 99 Cr | 110 Cr | 115 Cr | 132 Cr | Sign in free for the trailing twelve months |
| EBITDA | 32 Cr | 28 Cr | 29 Cr | 10 Cr | 4 Cr | 20 Cr | 13 Cr | 22 Cr | 21 Cr | 18 Cr | Sign in free for the trailing twelve months |
| OPM % | 23.6% | 20.8% | 20.2% | 8.3% | 3.7% | 16.7% | 11.4% | 16.3% | 15.2% | 11.9% | Sign in free for the trailing twelve months |
| Other income | 0.93 Cr | 0.84 Cr | 2 Cr | 2 Cr | 3 Cr | 2 Cr | 0.61 Cr | 2 Cr | 4 Cr | 1 Cr | Sign in free for the trailing twelve months |
| Interest | 16 Cr | 14 Cr | 13 Cr | 12 Cr | 13 Cr | 10 Cr | 9 Cr | 10 Cr | 8 Cr | 8 Cr | Sign in free for the trailing twelve months |
| Depreciation | 13 Cr | 17 Cr | 13 Cr | 11 Cr | 8 Cr | 6 Cr | 5 Cr | 5 Cr | 4 Cr | 3 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 4 Cr | -2 Cr | 5 Cr | -11 Cr | -14 Cr | 5 Cr | -1 Cr | 8 Cr | 12 Cr | 8 Cr | Sign in free for the trailing twelve months |
| Tax % | -1.7% | 61.3% | -0.8% | 3.3% | -1.0% | 4.0% | -18.1% | 19.6% | 18.4% | 34.5% | Sign in free for the trailing twelve months |
| Net profit | 4 Cr | -0.93 Cr | 5 Cr | -10 Cr | -15 Cr | 5 Cr | -1 Cr | 7 Cr | 10 Cr | 5 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹0.24 | ₹-0.08 | ₹0.26 | ₹-0.54 | ₹-0.74 | ₹0.23 | ₹-0.09 | ₹0.33 | ₹0.50 | ₹0.27 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | — | 0.0% | — | 0.0% | 0.0% | 0.0% | Sign in free for the trailing twelve months |
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 38 Cr | 38 Cr | 40 Cr | 40 Cr | 40 Cr | 40 Cr | 40 Cr | 40 Cr | 40 Cr | 42 Cr |
| Reserves | 71 Cr | 70 Cr | 115 Cr | 105 Cr | 93 Cr | 104 Cr | 101 Cr | 111 Cr | 118 Cr | 130 Cr |
| Borrowings | — | — | — | — | — | — | 41 Cr | 38 Cr | — | — |
| Other liabilities | 205 Cr | 191 Cr | 181 Cr | 194 Cr | 187 Cr | 185 Cr | 148 Cr | 133 Cr | 180 Cr | 185 Cr |
| Total liabilities | 367 Cr | 353 Cr | 392 Cr | 393 Cr | 372 Cr | 382 Cr | 384 Cr | 379 Cr | 398 Cr | 418 Cr |
| Fixed assets (net) | 67 Cr | 55 Cr | 47 Cr | 38 Cr | 32 Cr | 28 Cr | 24 Cr | 24 Cr | 18 Cr | 17 Cr |
| CWIP | 2 Cr | 1 Cr | 0.88 Cr | 0.88 Cr | 0.88 Cr | 0.88 Cr | 0.88 Cr | 0.88 Cr | 0.82 Cr | 0.82 Cr |
| Investments | 123 Cr | 159 Cr | 155 Cr | 153 Cr | 153 Cr | 125 Cr | 125 Cr | 125 Cr | 123 Cr | 120 Cr |
| Loans & advances | — | — | 36 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 72 Cr | 0 Cr | 0 Cr |
| Inventories | 32 Cr | 34 Cr | 34 Cr | 35 Cr | 35 Cr | 34 Cr | 42 Cr | 50 Cr | 65 Cr | 75 Cr |
| Trade receivables | 67 Cr | 56 Cr | 63 Cr | 59 Cr | 54 Cr | 75 Cr | 71 Cr | 71 Cr | 67 Cr | 70 Cr |
| Cash & bank | 10 Cr | 8 Cr | 0.13 Cr | 0.10 Cr | 15 Cr | 23 Cr | 0.47 Cr | 0.10 Cr | 0.13 Cr | 0.12 Cr |
| Other assets | 66 Cr | 40 Cr | 56 Cr | 107 Cr | 81 Cr | 97 Cr | 121 Cr | 36 Cr | 123 Cr | 135 Cr |
| Total assets | 367 Cr | 353 Cr | 392 Cr | 393 Cr | 372 Cr | 382 Cr | 384 Cr | 379 Cr | 398 Cr | 418 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 26 Cr | 38 Cr | 37 Cr | 32 Cr | -20 Cr | -11 Cr | -5 Cr | 19 Cr | 2 Cr | -14 Cr |
| Cash from investing | -17 Cr | -37 Cr | -3 Cr | 3 Cr | 1 Cr | 28 Cr | -0.42 Cr | -2 Cr | 4 Cr | 2 Cr |
| Cash from financing | -12 Cr | -3 Cr | -16 Cr | -14 Cr | -13 Cr | -9 Cr | -11 Cr | -13 Cr | -5 Cr | 14 Cr |
| Net cash flow | -3 Cr | -2 Cr | 18 Cr | 20 Cr | -31 Cr | 8 Cr | -16 Cr | 4 Cr | 1 Cr | 2 Cr |
| Free cash flow (OCF − Capex) | 6 Cr | 35 Cr | 32 Cr | 31 Cr | -21 Cr | -12 Cr | -7 Cr | 15 Cr | 2 Cr | -15 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 12.4% | 7.1% | 8.6% | 0.8% | -0.9% | 7.9% | 3.4% | 7.5% | 9.5% | 6.8% |
| ROE % | 0.7% | -1.3% | 1.6% | -4.6% | -6.3% | 1.4% | -0.9% | 1.9% | 2.9% | 1.6% |
| Debtor days | 178 | 155 | 157 | 180 | 197 | 226 | 231 | 197 | 179 | 170 |
| Inventory days | 84 | 94 | 85 | 106 | 127 | 101 | 136 | 138 | 175 | 183 |
| Days payable | 27 | 44 | 34 | 86 | 69 | 62 | 80 | 63 | 68 | 78 |
| Cash conversion cycle | 235 | 205 | 209 | 200 | 255 | 266 | 288 | 272 | 286 | 275 |
| OCF / EBITDA % | 79.3% | 139.1% | 125.4% | 315.0% | -533.5% | -55.6% | -41.5% | 89.2% | 11.8% | -77.4% |
| OCF / EBITDA % (3 years) | — | — | 113.0% | 159.5% | 112.9% | 1.8% | -99.0% | 5.0% | 29.8% | 13.1% |
| Debt / equity | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.29 | 0.25 | 0.00 | — |
| Current ratio | 1.08 | 0.94 | 1.40 | 1.34 | 1.30 | 1.56 | 1.56 | 1.70 | 1.83 | 2.14 |
| Net debt / EBITDA | -0.31 | — | -0.0045 | -0.01 | -4.08 | -1.13 | 3.17 | 1.74 | -0.0062 | -0.0068 |