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Brightcom Group Ltd share Price Today

Company details

18.00
18.35
9.35
36.45
6M Return -25.10%
1Y Return -23.21%
Mkt Cap.(Cr) 3,673.71
Volume 18,292,038
Div Yield 0.55%
OI
-
OI Chg %
-
Volume 18,292,038

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Internet & software service firm Brightcom Group announced Q3FY23 results:

  • Consolidated Q3FY23:
    • The company reported a strong quarter, with consolidated revenues of Rs 2,865.17 crore and PAT of Rs 543.93 crore for Q3FY23.
    • Revenues rose 42% YoY and PAT rose 46% YoY. Notably, EBITDA also rose by 43% YoY.
    • The company's Return on Equity (ROE), on an annualized basis has nearly reached 25.16%. The focus continues to remain on improving this key metric.
    • The company's consolidated tax rate across all geographies in this quarter was 27.10%
    • Achieved operating cash flow of approximately Rs 92.41 crore in the last quarter.
    • The main drivers of revenue were:
      • Seasonality of the Advertising business, the third quarter always contributes the most.
      • We worked both impression-based and performance-based significantly to get a larger market share this quarter.
      • On the demand side, this quarter, the company added: 7 new Ad agencies, 13 new direct advertisers, 2 new newspaper relationships for our local news platform 'Blocal' exchange.
      • Increasing the options to the publisher networks by offering optimum solutions between CPM, CPC, and CPA spending to maximize their revenues.
    • The combined overseas subsidiary dividend to be received by the Parent for this quarter stands at Rs 5.02 crore. It will be received before February 28, 2023, in actual cash remittance.
    • This marks the beginning of the monetization of Brightcom's years of efforts in building substantial overseas businesses. Most of the subsidiaries are now generating sufficient cash and are now able to pay out a portion of their profits as dividends to the Parent.

Result PDF

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Brightcom Group Ltd shares SWOT Analysis

Strengths (9)

  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
  • Efficient in managing Assets to generate Profits - ROA improving since last 2 year

Weakness (1)

  • Weak Momentum: Price below Short, Medium and Long Term Averages

Opportunity (1)

  • Stock with Low PE (PE < = 10)

Threats (2)

  • Red Flag: Resignation of Top Management
  • RSI indicating price weakness

Resistance and support

R1 18.4
R2 18.5
R3 18.7
Pivot

18.18

S1 18.0
S2 17.8
S3 17.7
EMA SMA
18.5
18.8
19.0
20.9
18.7
19.2
18.3
20.3
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-01-31 20.14 12534252 NSE
QE SECURITIES LLP Bulk Purchase 2024-01-31 20.28 11502218 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-01-31 20.15 12534252 NSE
Name Category Shares
VIJAY KUMAR KANCHARLA HUF PROMOTER 1.6%
M SURESH KUMAR REDDY PROMOTER 0.71%
ARADHANA COMMOSALES LLP PROMOTER 5.16%
SARITA COMMOSALES LLP PROMOTER 5.14%
KALPANA COMMOSALES LLP PROMOTER 2.71%
SHALINI SALES LLP PROMOTER 2.06%

FINANCIALS

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Operating Profit
Profit after Tax
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Reserves and Surplus
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Brightcom Group Ltd Stocks COMPARISON

Financials( in Cr) Brightcom Group Ltd Tata Consultancy Services Ltd Infosys Ltd HCL Technologies Ltd Wipro Ltd
Price 18.20 4,052.10 1,676.85 1,665.75 536.15
% Change 0.55 -0.86 -0.27 -1.22 0.96
Mcap Cr 3,673.71 1,466,085.44 695,967.87 452,028.75 280,106.31
Revenue TTM Cr 5,019.59 225,458.00 146,767.00 101,456.00 90,487.60
Net Profit TTM Cr 912.20 42,303.00 24,108.00 14,845.00 11,366.50
PE TTM 2.58 32.43 28.59 29.16 24.59
1 Year Return -23.21 19.13 7.37 52.46 35.68
ROCE 29.35 58.04 44.36 27.62 17.11
ROE 21.33 47.26 36.42 23.32 15.89
INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 5,294.49 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 24,237.34 -6,671.37
LAST 3M 66,180.77 -16,581.78
LAST 6M 123,999.37 13,119.57
LAST 12M 183,206.60 175,293.18

Brightcom Group Ltd Information

Stock PE (TTM)
2.58
Promoter Holding
18.38%
Book Value
34.6931
ROCE
29.35%
ROE
21.33%
Description
  • Brightcom Group Ltd is an Indian company engaged in offering digital marketing solutions to agencies, businesses, and online publishers across the globe. It was founded in 1999. Its headquarters are in Hyderabad. The company’s net income for FY 2021-2022 was Rs. 912.20 crore, while the total revenue was Rs. 5,017.36 crore. On 15 June 2022, the company’s market capitalisation was worth Rs. 10,008 crore.

    Brightcom Group’s share price can be checked on the Bombay Stock Exchange with the code 532368 and the National Stock Exchange with the code BCG.

    Brightcom Group brings together ad-tech, New Media, and IoT-based businesses, primarily from the digital eco-system. Airtel, Coca-Cola, ITC, LIC, MTV, Qatar Airways, Viacom, Samsung, Vodafone, Sony, Star India, and Unilever are the leading blue-chip advertisers in its client network. The consumer products division of the company focuses on IoT.

    On 31 March 2022, the company’s shareholding pattern indicated an 18.47% stake with the promoters, a 12.15% stake with Foreign Institutional Investors, and a 69.3% holding with the public. Promoters have pledged 4.73% of Brightcom Group’s shares from the previous quarter ended 31 December 2021. Public holding in the company was also reduced by 6.35% during this period.

    The company’s top management consists of Mr M Suresh Kumar Reddy as Chairman and Managing Director, and Mr Y Srinivasa Rao. The other committee members include Mr Vijay Kancharla, Mr Allam Raghunath, Mr Nilendu Narayan Chakraborty, Ms Surabhi Sinha, Mr Peshwa Acharya, Mr Manohar Mollama, and Ms K Jayalakshmi Kumari. The company’s auditors include PCN & Associates. On 31 March 2022, Brightcom Group had a total of 121.08 crore shares outstanding.

    On 15 June 2022, Brightcom Group’s share price on NSE closed at Rs. 49.60, and Brightcom Group’s share price on BSE closed at Rs. 49.95. The 52-week high for Brightcomgroup’s share price was Rs. 122.88, and the 52-week low for Brightcom Group Ltd.’s share price was Rs. 5.81.

    Disclaimer- ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

Floor 5 Fairfield by Marriott, Road No 2 Nanakramguda, Hyderabad, Telangana, 500032

Tel : 91-40-6744 9910
Email : ir:lycoscorp.com / ir:brightcomgroup.com
Website : http://www.brightcomgroup.com
Registrar

Aarthi Consultants Pvt Ltd

AGM Date (Month) : Dec
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 532368
NSE Code : BCG
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE425B01027

FAQ’s on Brightcom Group Ltd Shares

You can buy Brightcom Group Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Brightcom Group Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Feb 23, 2024 03:58 PM the closing price of Brightcom Group Ltd was ₹ 18.20.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Feb 23, 2024 03:58 PM, the market cap of Brightcom Group Ltd stood at ₹ 3,673.71.

The latest PE ratio of Brightcom Group Ltd as of Feb 23, 2024 03:58 PM is 2.58

The latest PB ratio of Brightcom Group Ltd as of Feb 23, 2024 03:58 PM is 1.92

The 52-week high of Brightcom Group Ltd is ₹ 36.45 while the 52-week low is ₹ 9.35

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