Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹117Cr
Entertainment - Content Providers
Rev Gr TTM
Revenue Growth TTM
70.67%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

BTML
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | 49.9 | 367.1 | 115.2 | 15.9 | -0.5 | 11.1 | 7.6 | 30.8 | 83.9 | 0.6 | 67.0 | 131.3 |
| 17 | 14 | 11 | 12 | 21 | 19 | 12 | 14 | 35 | 17 | 19 | 35 |
Operating Profit Operating ProfitCr |
| 21.0 | 11.2 | 12.6 | 7.4 | 6.2 | -3.4 | 17.1 | 14.7 | 11.8 | 7.0 | 16.7 | 10.5 |
Other Income Other IncomeCr | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | -1 | 0 | 1 | 1 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
Depreciation DepreciationCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| 5 | 2 | 2 | 1 | 1 | -1 | 3 | 3 | 3 | 1 | 4 | 3 |
| 1 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 1 |
|
Growth YoY PAT Growth YoY% | 47.5 | 730.0 | 230.7 | -69.9 | -67.5 | -180.2 | 129.6 | 546.4 | 76.4 | 146.5 | 35.6 | 29.8 |
| 14.8 | 7.8 | 7.5 | 2.2 | 4.8 | -5.6 | 16.1 | 10.7 | 4.7 | 2.6 | 13.0 | 6.0 |
| 0.3 | 0.1 | 0.1 | 0.0 | 0.1 | -0.1 | 0.2 | 0.1 | 0.1 | 0.0 | 0.2 | 0.1 |
| Financial Year | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | 33.6 | 65.6 | -27.9 | 50.2 | 39.2 | 35.5 |
| 23 | 32 | 56 | 37 | 58 | 80 | 107 |
Operating Profit Operating ProfitCr |
| 12.1 | 9.0 | 5.2 | 12.1 | 9.3 | 10.5 | 11.6 |
Other Income Other IncomeCr | 1 | 0 | 0 | 0 | 0 | 1 | 1 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 1 | 1 | 2 | 3 |
Depreciation DepreciationCr | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| 4 | 3 | 3 | 5 | 5 | 7 | 11 |
| 0 | 1 | 0 | 1 | 2 | 2 | 3 |
|
| | -30.6 | 29.6 | 0.8 | 8.8 | 38.9 | 57.3 |
| 13.4 | 7.0 | 5.5 | 7.6 | 5.5 | 5.5 | 6.4 |
| 695.0 | 0.3 | 0.4 | 0.3 | 0.3 | 0.4 | 0.5 |
| Financial Year | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 0 | 1 | 1 | 13 | 13 | 13 | 18 |
| 0 | 5 | 8 | 12 | 15 | 20 | 62 |
Current Liabilities Current LiabilitiesCr | 14 | 11 | 10 | 20 | 34 | 59 | 53 |
Non Current Liabilities Non Current LiabilitiesCr | 1 | 0 | 2 | 0 | 1 | 0 | 0 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 13 | 15 | 18 | 41 | 54 | 84 | 88 |
Non Current Assets Non Current AssetsCr | 2 | 3 | 3 | 4 | 8 | 8 | 45 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | -4 | 3 | -4 | -7 | -2 | -14 |
Investing Cash Flow Investing Cash FlowCr | 0 | 0 | 0 | 0 | 0 | 0 |
Financing Cash Flow Financing Cash FlowCr | 4 | -1 | 2 | 10 | -2 | 14 |
|
Free Cash Flow Free Cash FlowCr | -4 | 3 | -4 | -7 | -2 | -14 |
| -100.1 | 128.0 | -114.2 | -212.6 | -54.4 | -288.6 |
CFO To EBITDA CFO To EBITDA% | -110.9 | 99.1 | -120.2 | -134.2 | -32.3 | -152.0 |
| Financial Year | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 0 | 11 | 18 | 217 | 208 | 142 |
Price To Earnings Price To Earnings | 0.0 | 4.3 | 5.6 | 66.6 | 61.5 | 20.2 |
Price To Sales Price To Sales | 0.0 | 0.3 | 0.3 | 5.1 | 3.3 | 1.6 |
Price To Book Price To Book | 0.0 | 1.6 | 2.0 | 8.7 | 7.7 | 3.0 |
| 1.5 | 3.4 | 7.3 | 42.3 | 35.6 | 17.4 |
Profitability Ratios Profitability Ratios |
| 120.1 | 94.2 | 8.3 | 108.5 | 110.7 | 107.2 |
| 12.1 | 9.0 | 5.2 | 12.1 | 9.3 | 10.5 |
| 13.4 | 7.0 | 5.5 | 7.6 | 5.5 | 5.5 |
| 76.4 | 37.1 | 22.6 | 17.1 | 18.1 | 18.0 |
| -3,847.2 | 37.9 | 35.4 | 13.1 | 13.0 | 15.0 |
| 24.3 | 14.2 | 15.5 | 7.2 | 5.7 | 5.4 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
Bodhi Tree Multimedia Ltd. (BTML) is one of India’s leading integrated content production houses, listed on both the **Bombay Stock Exchange (BSE)** and **National Stock Exchange (NSE)**. Founded in 2013 by **Mautik Tolia** and **Sukesh Motwani**, the company has established itself as a **pan-India B2B content creator**, delivering high-quality television, film, and digital content across multiple languages and platforms. With over **3,000 hours of content** produced across 50+ shows since inception, BTML serves major Indian and global entertainment networks, including **Zee, Sony, Disney, Star, Netflix, Amazon Prime, Voot, and Alt Balaji**.
---
### **Core Business Segments & Operations**
BTML operates across three primary verticals:
1. **Hindi General Entertainment Channels (GECs)**: Production of daily soaps and reality shows for major networks.
2. **Digital Content (OTT)**: Premium original programming for global and domestic streaming platforms.
3. **Regional Content**: Multilingual productions in **Tamil, Marathi, Gujarati, Bengali, Bhojpuri, Kannada, Telugu, Punjabi, and Malayalam**, targeting rising regional demand.
The company offers **end-to-end production services**, including concept development, writing, directing, editing, dubbing, subtitling, localization, and rights management, delivered with consistent quality, budget discipline, and on-time execution.
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### **Strategic Growth & Expansion (2023–2025)**
#### **1. Strategic Partnership with Amit Khan Content Hub (AKCH) – Nov 2025 Update**
- BTML has strengthened its industry position through a **landmark collaboration** with **Amit Khan Content Hub (AKCH)**, combining BTML’s scale, financing, and operational strength with AKCH’s **creative storytelling excellence and audience reach**.
- A new **Special Purpose Vehicle (SPV)** has been established, with **BTML holding a majority stake** and leading **financing and operations**, while **AKCH drives creative development**.
- This partnership aims to produce **premium, original TV and OTT content** for domestic and international audiences, focusing on strong narratives and high production values.
#### **2. Launch of New Business Divisions & Subsidiaries (2025)**
- **Bodhi Tree Ventures (Launched Apr 2025)**:
- Focus: Digital content monetization and building **proprietary intellectual property (IP)** on platforms like YouTube.
- Leadership: Headed by **Sudip Roy**, former media executive from Star News, Zee, and Network18, as **Group Chief Revenue Officer**.
- Objective: Transition from a pure production house to an **IP-owner and digital-first content business**.
- **Madlab Alpha Private Limited (Launched Apr 2025)**:
- A joint venture with **Madlab Films** (creators of *Asur*) and **Universe of Ideas**.
- India’s first **high-concept, narrative-first studio** focused on **cerebral thrillers, dystopian sagas, speculative dramas**, and **AI-assisted storytelling**.
- Target: **Global audiences** through **disruptive, scalable OTT and film content**.
- Combines BTML’s business acumen, Madlab’s creative edge, and Universe of Ideas’ talent network.
#### **3. Regional & Language Expansion**
- The company has firmly established a presence in **Tamil, Marathi, Gujarati, Bengali, and Bhojpuri** markets and plans to expand into **Telugu, Punjabi, and Malayalam**.
- BTML entered the **Bhojpuri content market** via a partnership with **MJ Creative Studio** (Apr 2024).
- Growth strategy includes **scaling content volume, expanding into new regional languages**, and **deepening engagement with existing clients** to increase 'wallet share'.
#### **4. Digital Transformation & Distribution Innovation**
- BTML is shifting from traditional playout delivery to **next-gen digital distribution**, including:
- Integration with **second-screen apps** and **social media platforms (via APIs)**.
- Partnerships with **Content Delivery Networks (CDNs)**.
- Upgrades to **Digital Rights Management (DRM)** systems.
- This supports its vision to remain agile in a multi-platform, on-demand media ecosystem.
---
### **Content Strategy & IP Development**
- **Original IP Focus**: A core long-term strategy to transition from **content service provider to content owner**.
- The company is developing **exclusive original IPs** in **Tamil, Bengali, and Marathi**, with future expansion in **Telugu, Punjabi, and Malayalam**.
- **Genre Diversification**: From youth-centric, edgy thrillers and horror (*The Gone Game*, *Class*) to **mythological and historical content** via collaborations with **Anirudh Pathak (Devon ka Dev Mahadev)** and **Gita Seva Trust (animated Luv Kush)**.
- **Global Ambitions**: By owning high-potential formats, BTML aims to **license and sell format rights internationally**, creating **recurring revenue streams**.
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### **Key Success Stories & Market Positioning**
- **Critical Acclaim**: The Netflix series **"Class"**, directed by Ashim Ahluwalia, ranked among the **top non-English shows globally**, showcasing BTML’s ability to produce **commercially viable, award-caliber content**.
- **Proven Track Record**: Over 100+ TV shows delivered; more than 3,000 hours of content produced across **drama, thriller, horror, comedy, lifestyle, and reality genres**.
- **Client Base**: Includes **all major Indian broadcasters and OTT platforms**, underscoring BTML’s trusted B2B relationships.
- **Brand Reputation**: Known for **youth-centric, edgy, and innovative content**, with strong capabilities in both **fiction and non-fiction**.
---
### **Business Model**
BTML operates primarily on a **dual model**:
1. **Commissioned Production Model**: Client-funded projects with defined budgets, sometimes performance-linked.
2. **IP Ownership Model**: In-house development and ownership of original content, licensed to broadcasters/OTT platforms globally.
The company maintains an **in-house team of writers and creators** to develop concepts, adapt international formats, and pitch original ideas to platforms.
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### **Leadership & Team Strength**
- Led by experienced co-founders **Mautik Tolia** and **Sukesh Motwani**, supported by a creative team with over **10 years of collective industry experience**.
- The team combines **creative excellence** with expertise in **talent management, deal structuring, content strategy, and rights monetization**.
- Strategic hires like **Sudip Roy** reinforce BTML’s shift toward **revenue innovation and digital scaling**.