Brightcom Group Limited (IN:BCG)
:BCG
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Brightcom Group Limited
(BCG)
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Rating:64Neutral
Price Target:
₹8.50
▼(-19.35% Downside)
Action:Downgraded
Date:03/14/26
The score is driven by strong financial stability (zero-debt balance sheet) and an exceptionally low P/E supporting valuation, partially offset by weak cash-flow performance (negative recent free cash flow) and clearly bearish technicals with the price trading below all major moving averages.
Positive Factors
Zero net debt / strong balance sheet
Zero reported debt provides durable financial flexibility, letting the company fund technology, client programs, or opportunistic M&A without increasing leverage. In an adtech business that faces cyclic ad spend, low leverage materially reduces solvency risk and supports multi-period investment.
Negative Factors
Weak cash conversion / negative free cash flow
Consecutive negative free cash flows weaken the durability of reported earnings and constrain internal funding for capex, working capital, or shareholder returns. Persistent cash conversion gaps may force external financing or dilute returns despite a zero-debt starting point.
Read all positive and negative factors
Positive Factors
Negative Factors
Zero net debt / strong balance sheet
Zero reported debt provides durable financial flexibility, letting the company fund technology, client programs, or opportunistic M&A without increasing leverage. In an adtech business that faces cyclic ad spend, low leverage materially reduces solvency risk and supports multi-period investment.
Read all positive factors
Brightcom Group Limited (BCG) vs. iShares MSCI India ETF (INDA)
Market Cap
₹20.24B
Dividend YieldN/A
Average Volume (3M)1.80M
Price to Earnings (P/E)1.7
Beta (1Y)0.12
Revenue Growth29.92%
EPS Growth39.48%
CountryIN
Employees463
SectorTechnology
Sector Strength88
IndustryAdvertising Agencies
Share Statistics
EPS (TTM)4.00
Shares Outstanding2,017,921,900
10 Day Avg. Volume1,559,545
30 Day Avg. Volume1,804,649
Financial Highlights & Ratios
PEG Ratio0.90
Price to Book (P/B)0.24
Price to Sales (P/S)0.40
P/FCF Ratio-10.12
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Brightcom Group Limited Business Overview & Revenue Model
Company Description
Brightcom Group Limited provides digital marketing solutions to businesses, agencies, and online publishers worldwide. It operates through two segments, Digital Marketing and Software Development. The company connects advertisers with their audien...
How the Company Makes Money
BCG primarily makes money from digital advertising and adtech-related services. Revenue is generally generated through (1) programmatic advertising and media buying/selling, where it earns fees and/or margins by facilitating transactions between a...
Brightcom Group Limited Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
86
Very Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2025 | Sep 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 57.61B | 51.47B | 46.62B | 73.97B | 50.20B | 28.56B |
| Gross Profit | 20.50B | 19.77B | 19.37B | 30.52B | 21.05B | 12.49B |
| EBITDA | 14.82B | 13.22B | 12.39B | 21.66B | 15.05B | 8.86B |
| Net Income | 8.08B | 7.10B | 6.88B | 13.71B | 9.12B | 4.83B |
Balance Sheet | ||||||
| Total Assets | 109.36B | 98.00B | 87.64B | 78.96B | 59.40B | 36.91B |
| Cash, Cash Equivalents and Short-Term Investments | 12.29B | 11.54B | 12.09B | 14.12B | 7.45B | 1.26B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 15.00B | 11.11B | 9.80B | 8.95B | 6.46B | 4.31B |
| Stockholders Equity | 94.36B | 86.89B | 77.85B | 70.01B | 52.94B | 32.60B |
Cash Flow | ||||||
| Free Cash Flow | -627.00M | -2.04B | -2.77B | 4.37B | 816.04M | 1.34B |
| Operating Cash Flow | 341.02M | 1.75B | 1.34B | 7.03B | 2.87B | 4.60B |
| Investing Cash Flow | -1.93B | -3.79B | -4.10B | -2.66B | -2.17B | -4.31B |
| Financing Cash Flow | 2.34B | 1.49B | 732.01M | 2.30B | 5.48B | -216.42M |
Brightcom Group Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹13.79B | 10.21 | ― | 0.40% | -29.95% | -50.02% | |
71 Outperform | ₹203.32B | 44.75 | ― | ― | 19.55% | 18.91% | |
65 Neutral | ₹3.82B | 24.54 | ― | ― | 20.23% | 8.42% | |
64 Neutral | ₹20.24B | 1.71 | ― | ― | 29.92% | 39.48% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | ₹8.04B | 9.73 | ― | ― | 12.28% | 4.28% | |
49 Neutral | ₹5.75B | 13.10 | ― | ― | -2.29% | ― |
* Technology Sector Average
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Brightcom Group Limited Corporate Events
Brightcom Closes Trading Window Ahead of FY26 Audited Results
Apr 1, 2026
Brightcom Group Limited has announced the closure of its trading window for dealings in the company’s securities starting 1 April 2026, in line with SEBI’s Prohibition of Insider Trading Regulations and its internal code of conduct. Th...
Brightcom Tightens Governance and Compliance as It Reviews Legacy Matters
Mar 24, 2026
Brightcom Group Limited has launched a broad initiative to reinforce governance, compliance, and transparency, including a review of its regulatory filings, enhancement of financial reporting for subsidiaries, and tighter collaboration with audito...
Brightcom Group Posts Strong Q3 FY26 Growth and Advances Global Ad-Tech Strategy
Mar 18, 2026
Brightcom Group reported robust unaudited results for the quarter ended 31 December 2025, with total income of ₹2,231.89 crore and profit after tax of ₹310.60 crore, reflecting year-on-year growth of 33.3% in revenue and 27.5% in profi...
Brightcom Extends Educational Series on Digital Advertising Market Structure
Jan 11, 2026
Brightcom Group Limited has released another installment in its ongoing series of explanatory presentations, this time focusing on the structure, operating mechanisms and broader context of the digital advertising market. Positioned as reference m...
Brightcom Subsidiary OMS Named ‘Needle-Moving Player’ in Jounce Media 2025 Ad-Tech Report
Jan 7, 2026
Brightcom Group Limited has disclosed that its wholly owned subsidiary, Online Media Solutions (OMS), has been highlighted in Jounce Media’s 2025 industry report as a “needle-moving player” in programmatic supply access growth. T...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.