Bright Outdoor Media Ltd
543831Bright Outdoor Media Ltd is printing record margins on a fuller multiple. From here the earnings must do all the lifting.
The sharpest disagreement: profits are rising, but only −60% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.
The price is in a confirmed uptrend (48 weeks in) while the P/E sits at the 51st percentile of its own 3-year range. Underneath, the last four quarters read improving — profit +11.1% year on year, and −60% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Bright Outdoor Media Ltd trades at ₹401, in a confirmed uptrend and 48 weeks into that stage. That is +5.5% against its own 200-day average. It sits at 70% of a 52-week range of ₹315 to ₹438. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 23 straight weeks.
Today the stock is in a confirmed uptrend — week 48 of stage 2, confirmed. At ₹401 it trades +5.5% versus its 200-day average and sits at 70% of its 52-week range (₹315–₹438).
Against the market, two honest reads. Cumulative: over the last 3.0 years the stock moved +282% while the NIFTY 500 moved +46% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 23 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 51st percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Bright Outdoor Media Ltd trades at 43.7× P/E, mid-range by its own standards (51st percentile). Its long-run median P/E is 43.7×, measured across 3.0 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 43.7× is mid-range by its own standards (51st percentile), against a long-run median of 43.7× measured over 3.0 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved +18.9% against a +26.5% price move — the price outran earnings, pushing the multiple UP its own range.
The price move, decomposed: over 3y, of the +57.5%/yr price move, ~+74.4%/yr came from earnings growth and ~−16.9 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Bright Outdoor Media Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 6 quarters across 1 curve, on partial evidence.
Why it matters: with too little history, an honest page says so instead of guessing a trajectory.
One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +18.7% | +36.4% | +12.3% | — |
| Profit | +18.8% | +85.0% | +56.9% | — |
| EPS | +18.9% | +72.7% | +31.2% | — |
| Share price | +26.5% | +57.5% | — | — |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
63.0/100 — rank 24 of 25 in Entertainment & Media · 48% evidence confidence · provisional, ranked below fully-evidenced peers
Bright Outdoor Media Ltd scores 63.0 out of 100 against the 25 companies it is compared with in Entertainment & Media, ranking 24. Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
The four contributions add to the total exactly: 20.4 + 17.6 + 9.3 + 15.7 = 63. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Bright Outdoor Media Ltd reported ₹63.0 Cr of revenue in the Sep 25 quarter, +10.5% year on year. That is the 4th straight quarter of year-on-year growth. Over 5 years it has compounded at 12.3% a year. The last full year, FY25, came in at ₹127 Cr. The last four reported quarters add to ₹255 Cr.
Bright Outdoor Media Ltd reported ₹63.0 Cr of revenue in the Sep 25 quarter, +10.5% year on year. That is the 4th straight quarter of year-on-year growth. Over 5 years it has compounded at 12.3% a year. The last full year, FY25, came in at ₹127 Cr. The last four reported quarters add to ₹255 Cr.
FY25 revenue came in at ₹127 Cr (+18.7% on the year), capping 5 years at 12.3% compound. The latest quarter (Sep 25) printed ₹63.0 Cr, +10.5% year on year — the 4th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +23.9% growth against the decade's 12.3% — the current year is running faster than its own long-run rate.
→ Revenue grew — did margins hold as it scaled? Next: 23.0% this quarter (+1.0 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Bright Outdoor Media Ltd's operating margin is 23.0% in the Sep 25 quarter, +1.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across the last four quarters the operating margin has moved +10.0 percentage points.
Bright Outdoor Media Ltd's operating margin is 23.0% in the Sep 25 quarter, +1.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across the last four quarters the operating margin has moved +10.0 percentage points.
The latest quarter's operating margin is 23.0%, +1.0 pp against the same quarter a year ago. Across 6 fiscal years the operating margin has ranged 9.0%–21.0%, and FY25's 21.0% is the top of that band — a record year.
🚨 Why the margin moved: operating margin went −4.1 pp year on year while gross margin went +0.0 pp — the loss came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.
Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.
→ Margins held — did that reach the bottom line? Next: profit +11.1% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Bright Outdoor Media Ltd earned ₹10.0 Cr of net profit in the Sep 25 quarter, +11.1% year on year. Full-year FY25 profit was ₹19.0 Cr. The 5-year compound rate is 56.9%. That is 15.9% of the quarter's revenue. The same quarter a year earlier earned ₹4.0 Cr.
Bright Outdoor Media Ltd earned ₹10.0 Cr of net profit in the Sep 25 quarter, +11.1% year on year. Full-year FY25 profit was ₹19.0 Cr. The 5-year compound rate is 56.9%. That is 15.9% of the quarter's revenue. The same quarter a year earlier earned ₹4.0 Cr.
Sep 25 profit was ₹10.0 Cr, +11.1% year on year. On the full year, FY25 printed ₹19.0 Cr (+18.8%), and the 5-year compound rate is 56.9%.
Why profit moved: revenue contributed +10.5% and the margin +1.0 pp — the quarter was revenue-led, with the margin roughly flat.
Pace comparison, last four quarters: profit +104.9% vs revenue +23.9%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.
→ Profit rose — but did the cash follow? Next: −60% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years −60% of Bright Outdoor Media Ltd's reported profit arrived as operating cash — a gap worth watching. In FY25 that was ₹5.0 Cr of operating cash against ₹19.0 Cr of profit. After ₹6.0 Cr of capital spending, ₹−1.0 Cr was left as free cash.
FY25: operating cash of ₹5.0 Cr against reported profit of ₹19.0 Cr, leaving free cash of ₹−1.0 Cr after ₹6.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is −60% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
🚨 Why conversion sits at −60%: the cash cycle tightened 65 days between FY20 and FY25 — cash that used to wait in the cycle now reaches the bank sooner. Less than 70% of profit arriving as cash is the thing to watch on this page.
Router verdict: the bigger cash user is investment — capital spending ran 6.0× depreciation over three years, so the next section's job is to check what that build-out is buying.
→ So follow the cash to where it goes. Next: ₹18.0 Cr of building over 3 years.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Bright Outdoor Media Ltd's cash conversion cycle runs 173 days in FY25, down from 238 days in FY20. Capital spending ran ₹18.0 Cr over the last 3 years. At FY25 sales of ₹127 Cr each day of that cycle holds about ₹0.3 Cr, so roughly ₹60.0 Cr sits inside the business at any moment.
FY25: debtors at 173 days (an asset-light business — no inventory to speak of) — for a full cycle of 173 days, tighter than FY20's 238.
In money terms: at FY25 sales of ₹127 Cr, each day of the cycle holds about ₹0.3 Cr — so the 173-day loop keeps roughly ₹60.0 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹18.0 Cr over the last 3 fiscal years against ₹3.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹0.0 Cr (FY25) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 16%.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Bright Outdoor Media Ltd earns a ROCE of 16% in FY25. That is up from a trough of 6% in FY21. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 15.0% net margin on 0.68× asset turns.
FY25 ROCE is 16%, recovered from a FY21 trough of 6% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY25): 15.0% net margin × 0.68× asset turns × 1.15× balance-sheet leverage ≈ 11.7% on equity. Margin is doing the heavy lifting; leverage is modest — this is an earned return, not a borrowed one.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.00.
Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.
Bright Outdoor Media Ltd carries ₹0.0 Cr of borrowings against ₹164 Cr of equity in FY25, a debt-to-equity of 0.00. Over 5 years borrowings went from ₹52.0 Cr to ₹0.0 Cr. Capital spending ran ₹18.0 Cr across the last 3 of those years.
FY25: borrowings of ₹0.0 Cr against equity of ₹164 Cr — a debt-to-equity of 0.00. Over 5 years borrowings went from ₹52.0 Cr to ₹0.0 Cr while capital spending ran ₹18.0 Cr in just the last 3 — the build-out is being paid for out of cash, not debt.
→ Who owns this, and are they adding or leaving? Next: Foreign institutions added 9.8 points over 5 quarters.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Foreign institutions added 9.8 points of Bright Outdoor Media Ltd over 5 quarters, the biggest move on the register. That takes foreign institutions to 9.8% of the company. Promoters moved −3.0 points over the same window, to 69.8%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Foreign institutions: +9.8 points over 5 quarters to 9.8%; Promoters: −3.0 points over 5 quarters to 69.8%; Domestic institutions: +0.7 points over 5 quarters to 0.7%.
Why the register moved: foreign institutions drove it (+9.8 points), absorbed on the other side by promoters (−3.0 points) — steady accumulation by institutions reading the same numbers this page reads.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Bright Outdoor Media Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| Bright Outdoor Media Ltd this page | 43.7× | ₹875 Cr | No read | |||
| Prime Focus Ltd | 95.6× | ₹22,463 Cr | No read | |||
| Sun TV Network Ltd | 12.8× | ₹19,188 Cr | Mixed | |||
| Amagi Media Labs Ltd | 184.0× | ₹13,176 Cr | — | — | — | — |
| Nazara Technologies Ltd | 11.6× | ₹11,236 Cr | No read | |||
| Nazara Technologies Ltd | 11.6× | ₹11,199 Cr | No read | |||
| PVR Inox Ltd | 32.9× | ₹10,448 Cr | No read | |||
| Zee Entertainment Enterprises Ltd | 36.3× | ₹10,130 Cr | Deteriorating | |||
| Network 18 Media & Investments Ltd | — | ₹4,413 Cr | No read | |||
| City Pulse Multiventures Ltd | 2,154.0× | ₹4,329 Cr | No read | |||
| Hathway Cable & Datacom Ltd | 25.1× | ₹1,905 Cr | Deteriorating | |||
| Media Matrix Worldwide Ltd | 271.0× | ₹1,585 Cr | Turning around | |||
| Den Networks Ltd | 8.7× | ₹1,296 Cr | Deteriorating | |||
| Panorama Studios International Ltd | 80.8× | ₹1,266 Cr | Deteriorating | |||
| Panorama Studios International Ltd | 30.2× | ₹1,116 Cr | Topping out | |||
| Balaji Telefilms Ltd | — | ₹1,024 Cr | No read | |||
| New Delhi Television Ltd | — | ₹865 Cr | No read | |||
| City Pulse Multiventures Ltd | 426.0× | ₹779 Cr | No read | |||
| T.V. Today Network Ltd | 26.8× | ₹695 Cr | Mixed | |||
| Hindustan Media Ventures Ltd | 4.4× | ₹688 Cr | No read | |||
| GTPL Hathway Ltd | 85.5× | ₹682 Cr | Deteriorating | |||
| H T Media Ltd | 4.3× | ₹565 Cr | No read | |||
| Dish TV India Ltd | — | ₹519 Cr | No read | |||
| Entertainment Network (India) Ltd | 258.0× | ₹504 Cr | No read | |||
| Nila Spaces Ltd | 17.6× | ₹501 Cr | No read | |||
| Zee Media Corporation Ltd | 74.8× | ₹498 Cr | No read | |||
| Basilic Fly Studio Ltd | 9.4× | ₹481 Cr | No read | |||
| DAPS Advertising Ltd | 8.5× | ₹11 Cr | No read |
Frequently asked questions
What is Bright Outdoor Media Ltd's share price today?
Bright Outdoor Media Ltd trades at ₹401, +26.5% over the past year. The company is valued at ₹875 Cr. The stock sits at 70% of its 52-week range of ₹315–₹438, +5.5% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 48 weeks in. — as of 24 July 2026.
What were Bright Outdoor Media Ltd's latest quarterly results?
Bright Outdoor Media Ltd reported revenue of ₹63.0 Cr and net profit of ₹10.0 Cr for the Sep 25 quarter. Revenue rose 10.5% and profit rose 11.1% year on year. Earnings per share were ₹4.62. The operating margin was 23.0%, 1.0 pp higher than a year earlier. — as of 24 July 2026.
What is Bright Outdoor Media Ltd's revenue?
Bright Outdoor Media Ltd reported revenue of ₹63.0 Cr in the Sep 25 quarter, +10.5% year on year. For the full FY25 fiscal year, revenue was ₹127 Cr (+18.7%). Over the last 5 years revenue compounded at 12.3% a year. — as of 24 July 2026.
What is Bright Outdoor Media Ltd's profit?
Bright Outdoor Media Ltd earned ₹10.0 Cr of net profit in the Sep 25 quarter, +11.1% year on year. Full-year FY25 profit was ₹19.0 Cr. The operating margin ran 23.0% in the latest quarter. — as of 24 July 2026.
What is Bright Outdoor Media Ltd's market cap?
Bright Outdoor Media Ltd's market capitalisation is ₹875 Cr at a share price of ₹401. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is Bright Outdoor Media Ltd's P/E ratio?
Bright Outdoor Media Ltd trades at a P/E of 43.7×, at the 51st percentile of its own 3-year range, against a long-run median of 43.7×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does Bright Outdoor Media Ltd pay a dividend?
Yes — Bright Outdoor Media Ltd's dividend payout was 4% of profit in FY25, and it recorded a payout in 2 of its last 6 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.
Is Bright Outdoor Media Ltd overvalued?
On its own history, Bright Outdoor Media Ltd looks mid-range against its own history: its P/E of 43.7× sits at the 51st percentile of its 3-year range (long-run median 43.7×). That is a percentile read against the stock's own past, not a price opinion or a direction call. One caveat: margins are the best this company has ever printed — cheap on record margins is not the same thing as cheap. — as of 24 July 2026.
Is Bright Outdoor Media Ltd growing?
Yes — Bright Outdoor Media Ltd is growing: latest-quarter revenue +10.5% year on year, profit +11.1%, and the margin +1.0 pp at 23.0%. The 5-year compound rates are 12.3% (revenue) and 56.9% (profit). The earnings engine currently reads: improving — as of 24 July 2026.
How is Bright Outdoor Media Ltd performing?
Bright Outdoor Media Ltd is in a confirmed uptrend, 48 weeks in. Its latest quarter's revenue rose 10.5% and profit rose 11.1% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 23 weeks. This describes what the data did, not a rating. — as of 24 July 2026.
Is Bright Outdoor Media Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 48 of stage 2), trading +5.5% versus its 200-day average and at 70% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is Bright Outdoor Media Ltd beating the market?
On recent form, yes — Bright Outdoor Media Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 23 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 3.0 years the stock moved +282% against the NIFTY 500's +46% — ahead of the index over the full window. — as of 24 July 2026.
Will Bright Outdoor Media Ltd's share price go up?
This page publishes no price forecast for Bright Outdoor Media Ltd. What it measures instead: the share price is ₹401, the price is in a confirmed uptrend 48 weeks in. Its P/E of 43.7× sits at the 51st percentile of its own 3-year range. — as of 24 July 2026.
Who owns Bright Outdoor Media Ltd?
Promoters hold 69.8% of Bright Outdoor Media Ltd, foreign institutions 9.8%, domestic institutions 0.7% and the public 19.8% (latest quarter). The biggest move on the register over the last two years: Foreign institutions added 9.8 points over 5 quarters. — as of 24 July 2026.
Does Bright Outdoor Media Ltd have too much debt?
No — Bright Outdoor Media Ltd's debt-to-equity is 0.00, and operating profit covers the interest bill 23×. FY25 borrowings were ₹0.0 Cr against equity of ₹164 Cr. The returns on this page are earned, not borrowed — as of 24 July 2026.
What is Bright Outdoor Media Ltd's capex?
Bright Outdoor Media Ltd spent ₹18.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY25 alone that was ₹6.0 Cr, with ₹0.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is Bright Outdoor Media Ltd's cash flow?
Bright Outdoor Media Ltd generated ₹5.0 Cr of operating cash flow in FY25 and ₹−1.0 Cr of free cash flow after ₹6.0 Cr of capital spending. Reported profit that year was ₹19.0 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is Bright Outdoor Media Ltd's profit real cash?
Not fully — over the last 3 fiscal years, −60% of Bright Outdoor Media Ltd's reported profit arrived as operating cash. In FY25, operating cash was ₹5.0 Cr against reported profit of ₹19.0 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 24 July 2026.
Where is Bright Outdoor Media Ltd in its business cycle?
Bright Outdoor Media Ltd's FY25 operating margin was 21.0%, against a 6-year band of 9.0%–21.0%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 23.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the Bright Outdoor Media Ltd story?
The sharpest disagreement: profits are rising, but only −60% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is Bright Outdoor Media Ltd a stock worth studying right now?
This is not investment advice. The machine read: Bright Outdoor Media Ltd is printing record margins on a fuller multiple. From here the earnings must do all the lifting. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.