Brightcom Group Limited (IN:BCG)
:BCG
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Brightcom Group Limited
(BCG)
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Rating:69Neutral
Price Target:
₹11.00
▲(4.36% Upside)
Action:Reiterated
Date:06/12/26
The score is driven by strong balance-sheet positioning (no debt) and an extremely low P/E, offset by meaningful cash-flow deterioration (negative free cash flow in recent years) and only mixed/neutral technical signals.
Positive Factors
Debt-free balance sheet
Zero reported debt materially reduces financial risk and preserves strategic optionality. Over a 2–6 month horizon this supports stable operations, funds working-capital needs internally, and gives flexibility to invest in tech or pursue partnerships without near-term refinancing pressure.
Negative Factors
Weak cash generation
Operating cash flow deterioration and negative free cash flow in FY2024–FY2026 show poor cash conversion versus earnings. Persistent weak cash generation constrains reinvestment, increases reliance on external funding for growth, and raises risks during slower ad cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero reported debt materially reduces financial risk and preserves strategic optionality. Over a 2–6 month horizon this supports stable operations, funds working-capital needs internally, and gives flexibility to invest in tech or pursue partnerships without near-term refinancing pressure.
Read all positive factors
Brightcom Group Limited (BCG) vs. iShares MSCI India ETF (INDA)
Market Cap
₹22.04B
Dividend YieldN/A
Average Volume (3M)1.80M
Price to Earnings (P/E)2.3
Beta (1Y)0.39
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 Ratio0.05
Price to Book (P/B)0.16
Price to Sales (P/S)0.25
P/FCF Ratio-3.65
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
Operating globally, Brightcom Group Limited provides digital marketing solutions for businesses, agencies, and online content creators. The company operates through two main divisions: Digital Marketing and Software Development. Its core function ...
How the Company Makes Money
Brightcom Group makes money primarily by providing digital advertising and ad-tech related services to advertisers and by participating in the monetization of publisher ad inventory. Its revenue model typically includes (1) advertising/marketing s...
Brightcom Group Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
88
Very Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Sep 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 57.61B | 69.28B | 51.47B | 46.62B | 73.97B | 50.20B |
| Gross Profit | 20.50B | 26.42B | 19.77B | 19.37B | 30.52B | 21.05B |
| EBITDA | 14.82B | 17.52B | 13.22B | 12.39B | 21.66B | 15.05B |
| Net Income | 8.08B | 9.62B | 7.10B | 6.88B | 13.71B | 9.12B |
Balance Sheet | ||||||
| Total Assets | 109.36B | 119.89B | 98.00B | 87.64B | 78.96B | 59.40B |
| Cash, Cash Equivalents and Short-Term Investments | 12.29B | 14.16B | 11.54B | 12.09B | 14.12B | 7.45B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 15.00B | 14.18B | 11.11B | 9.80B | 8.95B | 6.46B |
| Stockholders Equity | 94.36B | 105.71B | 86.89B | 77.85B | 70.01B | 52.94B |
Cash Flow | ||||||
| Free Cash Flow | -627.00M | -4.73B | -2.04B | -2.77B | 4.37B | 816.04M |
| Operating Cash Flow | 341.02M | 1.03B | 1.75B | 1.34B | 7.03B | 2.87B |
| Investing Cash Flow | -1.93B | -5.76B | -3.79B | -4.10B | -2.66B | -2.17B |
| Financing Cash Flow | 2.34B | 7.36B | 1.49B | 732.01M | 2.30B | 5.48B |
Brightcom Group Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹203.75B | 45.90 | ― | ― | 19.55% | 18.91% | |
69 Neutral | ₹22.04B | 2.28 | ― | ― | 29.92% | 39.48% | |
69 Neutral | ₹13.18B | 10.40 | ― | 0.40% | -23.71% | -40.20% | |
63 Neutral | ₹3.87B | 15.97 | ― | ― | 14.36% | -3.61% | |
62 Neutral | ₹8.07B | 9.66 | ― | ― | 10.85% | 7.23% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | ₹5.95B | 21.33 | ― | ― | -2.29% | ― |
* Technology Sector Average
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Brightcom Group Limited Corporate Events
Brightcom posts robust FY26 growth as it deepens global AdTech and tech expansion
Jun 7, 2026
Brightcom Group reported strong financial performance for the year ended 31 March 2026, with consolidated revenue from operations rising about 34.6% to ₹6,928.06 crore and profit after tax increasing roughly 35.5% to ₹962.33 crore, lif...
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...
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.