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B A G Films & Media Ltd

BAGFILMS
NSE
5.21
1.14%
Last Updated:
29 Apr '26, 4:00 PM
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B A G Films & Media Ltd

BAGFILMS
NSE
5.21
1.14%
29 Apr '26, 4:00 PM
Company Overview
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6M
Price
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Quick Ratios

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Mkt Cap
Market Capitalization
108Cr
Close
Close Price
5.21
Industry
Industry
Entertainment - Content Providers
PE
Price To Earnings
11.09
PS
Price To Sales
0.73
Revenue
Revenue
149Cr
Rev Gr TTM
Revenue Growth TTM
10.88%
PAT Gr TTM
PAT Growth TTM
206.67%
Peer Comparison
How does BAGFILMS stack up?
Compare up to 10 companies side by side across valuation, profitability, and growth.
BAGFILMS
VS

Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
372543234028343142313640
Growth YoY
Revenue Growth YoY%
-4.117.780.6-20.98.414.4-20.634.23.810.53.728.3
Expenses
ExpensesCr
302131203826312632263237
Operating Profit
Operating ProfitCr
74133224510533
OPM
OPM%
19.816.728.912.05.18.310.414.924.117.19.47.2
Other Income
Other IncomeCr
000012001000
Interest Expense
Interest ExpenseCr
322322222222
Depreciation
DepreciationCr
111111111111
PBT
PBTCr
419-1-12118300
Tax
TaxCr
000000002100
PAT
PATCr
419-102117200
Growth YoY
PAT Growth YoY%
335.6108.4373.9-116.3-112.8125.7-93.5231.71,426.542.4-41.4-91.7
NPM
NPM%
10.32.820.5-4.4-1.25.51.74.315.57.20.90.3
EPS
EPS
0.20.00.5-0.10.00.10.00.10.30.10.00.0

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
128117137132145121100121112132136149
Growth
Revenue Growth%
-11.6-8.216.5-3.29.4-16.8-16.720.2-7.518.03.19.6
Expenses
ExpensesCr
102891041051161119710199110115127
Operating Profit
Operating ProfitCr
26283228291042013222122
OPM
OPM%
20.124.223.620.820.28.33.716.711.416.315.214.6
Other Income
Other IncomeCr
211122321242
Interest Expense
Interest ExpenseCr
161516141312131091088
Depreciation
DepreciationCr
241513171311865543
PBT
PBTCr
-13-14-25-11-145-181212
Tax
TaxCr
-4-10-100000223
PAT
PATCr
-904-15-10-155-17109
Growth
PAT Growth%
-3.9100.315,126.2-123.8635.8-306.6-41.2134.1-130.1554.147.5-7.9
NPM
NPM%
-7.40.02.9-0.73.4-8.6-14.54.1-1.35.17.36.2
EPS
EPS
-0.9-0.10.2-0.10.3-0.5-0.60.2-0.10.30.50.5

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
363838384040404040404040
Reserves
ReservesCr
667071691151059396102111118120
Current Liabilities
Current LiabilitiesCr
76116151135128143136141145131137153
Non Current Liabilities
Non Current LiabilitiesCr
987653555451514443404343
Total Liabilities
Total LiabilitiesCr
331351367353392393372382384379398416
Current Assets
Current AssetsCr
134151163127178191176220226222250269
Non Current Assets
Non Current AssetsCr
198199204226213202195163158157148147
Total Assets
Total AssetsCr
331351367353392393372382384379398416

Cash Flow

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
263226383732-20-11-5192
Investing Cash Flow
Investing Cash FlowCr
-3-15-17-37-331280-24
Financing Cash Flow
Financing Cash FlowCr
-14-23-12-3-16-14-13-9-11-13-5
Net Cash Flow
Net Cash FlowCr
9-6-3-21820-318-1641
Free Cash Flow
Free Cash FlowCr
264644403732-20-11-5205
CFO To PAT
CFO To PAT%
-277.11,26,255.4654.6-4,120.3734.3-305.9135.4-225.9353.3283.824.5
CFO To EBITDA
CFO To EBITDA%
102.4114.079.3139.2125.4315.1-533.5-55.6-41.589.211.8

Ratios

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
5381888390344010873163107
Price To Earnings
Price To Earnings
0.00.078.20.028.10.00.039.10.041.317.4
Price To Sales
Price To Sales
0.40.70.70.60.60.30.40.90.71.20.8
Price To Book
Price To Book
0.50.80.80.80.60.20.30.80.51.10.7
EV To EBITDA
EV To EBITDA
6.66.86.57.96.912.242.710.514.712.010.4
Profitability Ratios
Profitability Ratios
GPM
GPM%
96.2101.998.3102.099.8100.999.998.9107.2106.2111.4
OPM
OPM%
20.124.223.620.820.28.33.716.711.416.315.2
NPM
NPM%
-7.40.02.9-0.73.4-8.6-14.54.1-1.35.17.3
ROCE
ROCE%
1.26.38.44.66.20.6-0.65.93.17.27.5
ROE
ROE%
-9.30.03.6-0.93.2-7.1-11.03.7-1.14.56.3
ROA
ROA%
-2.90.01.1-0.31.3-2.6-3.91.3-0.41.82.5
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Overview** B.A.G. Films & Media Ltd. (BAG) is a leading Indian media and production house with over **30 years of experience** in shaping the country’s entertainment landscape. From its origins as a small startup, the company has evolved into a vertically integrated multimedia conglomerate with a strong presence across **television, film, radio, and digital (OTT) platforms**. BAG’s mission is to control and scale operations across the **entire media value chain**—from content creation and ownership to broadcasting and distribution—ensuring creative control, cost efficiency, and expanded reach. --- ### **Core Business Segments & Subsidiaries** BAG operates through a diversified portfolio of subsidiaries, enabling it to serve multiple media verticals: - **E24 Glamour Limited** – Operates **E24**, a 24-hour Bollywood entertainment channel known for original programming such as *Bollywood Reporter*, *Jhakaas Mornings*, *It's Controversial*, and *Dil Dhakne Do*. The channel has adapted to digital disruption by acquiring movie rights and exploring subscription-based models. - **News24 Broadcast India Limited** – Manages **NEWS24 MPCG**, the leading Hindi news channel in **Madhya Pradesh and Chhattisgarh**, targeting the Hindi heartland—a region with over 150 million people. The channel has solidified its dominance in regional news with programs like *News Shatak* and *Tajas-24*. - **Skyline Radio Network Limited** – Operates **Dhamaal24** at 106.4 MHz, branded as “Har Khushi Hai Jahan,” providing regional infotainment across ten Indian cities. Popular shows include *Good Morning Ranchi* and *Zindagi Live*, emphasizing local culture and lifestyle. - **E24 Entertainment Limited** – Recognized as a fellow subsidiary, contributing to the broader content and broadcasting strategy. --- ### **Content Strategy & Production Strength** BAG produces high-quality, genre-diverse content across **TV, movies, and OTT platforms**, catering to **domestic and international audiences** of all age groups. - **Flagship Programs (2023–2025):** - *Amne Samne* - *Sabse Bada Sawal* - *Bollywood Reporter* - *News Shatak* - *Tajas-24* - *Jhakaas Mornings* - *Dil Dhakne Do* - The company focuses on **high-impact, cost-effective daily shows** that generate consistent viewer engagement and stronger profitability. - BAG has **shifted strategic focus toward regional content**, including regional films, to reduce reliance on expensive Bollywood productions and tap into underserved but rapidly growing regional markets. - It actively **partners with OTT platforms** such as **MX Player and Applause**, pitching production services and expanding digital content output to capitalize on evolving consumer behavior. - A strong **in-house IP database** of scripts, dialogues, and clips supports content repurposing and cost optimization. --- ### **Strategic Objectives** 1. **Vertical Integration** BAG aims to produce, **own, broadcast, and distribute** its content, positioning itself as a fully integrated media entity. 2. **Digital Expansion** Responding to the rapid growth of digital media, BAG is intensifying production for OTT and D2C (Direct-to-Consumer) platforms, aligning with India’s "billion screens" opportunity. 3. **Regional & Multi-Language Growth** The company is expanding its footprint in **regional GECs and news**, tailoring content to local cultures and languages. NEWS24 MPCG’s leadership in MP and Chhattisgarh underscores this success. 4. **Marketing & Distribution Innovation** BAG leverages strategic partnerships with channel operators and digital platforms to maximize reach and operational efficiency. 5. **Revenue Diversification** Explores **subscription-based models, curated digital feeds, and paid streaming collaborations**, especially in radio and entertainment verticals. --- ### **Competitive Advantages** - 30+ years of trusted brand presence in Indian media. - Strong **in-house creativity** combined with strategic **content aggregation and distribution partnerships**. - **Resilient, diversified business model** across TV, radio, digital, and film. - Leadership in **regional news and entertainment**, with a foothold in high-growth markets. - Agile adaptation to **digital shifts and economic challenges** (e.g., post-COVID D2C acceleration, GST, and piracy mitigation).