Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹67Cr
Rev Gr TTM
Revenue Growth TTM
-5.62%
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GRAPHISAD
VS
| Quarter | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | | | 12.7 | 16.0 | 68.7 | 13.9 | -22.4 |
| 37 | 51 | 41 | 61 | 73 | 74 | 56 |
Operating Profit Operating ProfitCr |
| 10.6 | 11.4 | 10.2 | 9.3 | 6.6 | 2.2 | 7.6 |
Other Income Other IncomeCr | 0 | 0 | 0 | 0 | 1 | 4 | 1 |
Interest Expense Interest ExpenseCr | 0 | 2 | 2 | 1 | 1 | 1 | 1 |
Depreciation DepreciationCr | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| 4 | 5 | 3 | 6 | 6 | 5 | 5 |
| 1 | 1 | 1 | 3 | 1 | 1 | 2 |
|
Growth YoY PAT Growth YoY% | | | -46.6 | -24.0 | 244.4 | 79.2 | -41.5 |
| 6.2 | 5.3 | 2.9 | 3.5 | 6.0 | 5.4 | 4.5 |
| 0.0 | 0.0 | 0.0 | 1.4 | 2.5 | 2.3 | 1.5 |
| Financial Year | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | 95.2 | 10.4 | 14.7 | 36.3 | -11.3 |
| 44 | 79 | 87 | 102 | 147 | 130 |
Operating Profit Operating ProfitCr |
| 4.3 | 11.4 | 11.3 | 9.7 | 4.7 | 4.6 |
Other Income Other IncomeCr | 2 | 1 | 1 | 1 | 5 | 6 |
Interest Expense Interest ExpenseCr | 2 | 2 | 2 | 3 | 1 | 2 |
Depreciation DepreciationCr | 1 | 1 | 1 | 1 | 1 | 2 |
| 1 | 8 | 8 | 8 | 10 | 10 |
| 0 | 2 | 3 | 4 | 1 | 3 |
|
| | 899.6 | -0.3 | -34.3 | 129.4 | -18.2 |
| 1.2 | 6.3 | 5.7 | 3.2 | 5.5 | 5.0 |
| 29.0 | 4.2 | 4.1 | 2.5 | 4.6 | 3.8 |
| Financial Year | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|
Equity Capital Equity CapitalCr | 2 | 2 | 13 | 18 |
| 32 | 37 | 29 | 82 |
Current Liabilities Current LiabilitiesCr | 47 | 40 | 45 | 41 |
Non Current Liabilities Non Current LiabilitiesCr | 13 | 22 | 23 | 17 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 64 | 74 | 77 | 116 |
Non Current Assets Non Current AssetsCr | 30 | 28 | 33 | 43 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | -43 | 3 | 6 | -27 | 7 |
Investing Cash Flow Investing Cash FlowCr | -1 | 2 | -9 | 43 | -25 |
Financing Cash Flow Financing Cash FlowCr | -1 | -4 | 2 | -12 | 19 |
|
Free Cash Flow Free Cash FlowCr | -43 | 3 | 5 | -28 | |
| -7,708.5 | 51.4 | 107.2 | -742.1 | 78.2 |
CFO To EBITDA CFO To EBITDA% | -2,219.4 | 28.3 | 53.6 | -247.3 | 91.4 |
| Financial Year | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 0 | 0 | 0 | 70 | 80 |
Price To Earnings Price To Earnings | 0.0 | 0.0 | 0.0 | 19.0 | 9.6 |
Price To Sales Price To Sales | 0.0 | 0.0 | 0.0 | 0.6 | 0.5 |
Price To Book Price To Book | 0.0 | 0.0 | 0.0 | 0.7 | 0.8 |
| 16.4 | 2.9 | 2.3 | 6.5 | |
Profitability Ratios Profitability Ratios |
| 106.9 | 93.8 | 28.5 | 30.6 | 101.6 |
| 4.3 | 11.4 | 11.3 | 9.7 | 4.7 |
| 1.2 | 6.3 | 5.7 | 3.2 | 5.5 |
| 4.0 | 13.1 | 14.6 | 9.6 | |
| 1.7 | 14.3 | 13.0 | 3.7 | |
| 0.6 | 5.5 | 5.0 | 2.3 | |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
Graphisads Limited is a pan-India, full-service advertising and communications agency with over **40 years of industry experience**, having been originally incorporated in 1987 and transitioning to a public limited company in January 2023. The company delivers **integrated, 360-degree marketing solutions** across outdoor (OOH), digital, print, creative, audiovisual production, event management, and government communications. Operating as a one-stop platform, Graphisads combines strategic media planning with end-to-end creative execution, serving a diverse clientele that includes **central and state governments, PSUs, municipal bodies, real estate developers, and private enterprises**.
With its corporate headquarters in Delhi and a strong operational footprint across India—executing campaigns in all 28 states—Graphisads has established itself as a leader in the fragmented Out-of-Home (OOH) advertising space, while also making deep inroads into digital and experiential marketing.
---
### **Core Business Segments**
#### **1. Out-of-Home (OOH) & Digital Out-of-Home (DOOH) Advertising**
Graphisads is a dominant player in India’s OOH market, managing a vast network of high-visibility advertising assets:
- Operates **90 LED screens at New Delhi Railway Station** and **106 at Old Delhi Railway Station**.
- Runs **video ads on 47 cm LED TVs aboard India’s premium Vande Bharat Express trains**, marking a major digital advertising innovation.
- Controls **exclusive, long-term rights** to over **100 public utilities** in Lutyens’ Delhi under a strategic work agreement with the **New Delhi Municipal Council (NDMC)**, covering street furniture, kiosks, benches, and trash bins.
- Manages **80% asset utilization** across more than **1,000 key locations in the NCR**, leveraging high-traffic zones such as Connaught Place, India Gate, and Karol Bagh.
**Pricing & Strategic Monetization:**
- Micro-units: ₹20,000 – ₹1 lakh
- Premium sites (Connaught Place): ₹3–6 lakh/month
- Prime locations (India Gate): ₹8–10 lakh/month
Site selection is driven by traffic volume, dwell time, and audience engagement for optimal campaign ROI.
---
#### **2. Event & Venue Management**
Graphisads has expanded strategically into **event property management** and large-scale cultural programming:
- Acquired management rights for **NCUI Auditorium**, South Delhi—a newly renovated, high-demand facility.
- Expanding event operations using new Delhi infrastructure: **Bharat Mandapam** and **Yashobhoomi (India International Convention and Expo Centre)**.
- Launched the **Celebrating India Film Festival (CIFF) 2025**—a three-day curated cultural event showcasing Indian films and documentaries centered on **heritage, environment, art, and storytelling**.
- Positions itself to capitalize on Delhi’s emergence as a national hub for large conventions, exhibitions, and public-facing events.
---
#### **3. Creative & Production Services**
The company operates a robust **in-house creative division** comprising over 20 professionals, enabling complete control over concept, design, and execution:
- Provides **end-to-end audiovisual production**, brand strategy, and campaign development.
- Maintains a **dedicated studio for custom exhibition designs**—executing over **500 exhibition stalls in the past two decades**.
- Offers **PSAs, scheme promotions, documentaries**, and real estate media strategy.
- Develops intellectual property (IP) for events, exhibitions, and entertainment platforms.
Recent notable contracts include work for:
- **NIFTEM**
- **Bihar Tourism** (creative duties jointly with Spike Advertising)
- **UIDAI**
- **DAVP, Door Darshan, All India Radio, Indian Newspaper Society, PHD Chambers**
---
#### **4. Digital & Social Media Marketing**
Graphisads runs a high-margin, asset-light digital business focused on government and PSU clients:
- Services include **social media management, influencer partnerships, SEO, and programmatic advertising**.
- Runs **performance-driven, full-funnel digital campaigns**.
- Aims for **20–25% YoY growth in digital** and targeting a **threefold increase in digital revenue by FY27**.
- Plans to **cross-sell digital services to 30–40% of existing clients** and enhance OOH ROI through data-led targeting.
Investing in:
- In-house **content creation vertical** targeting ₹50 crore revenue in 3–5 years.
- Partnerships with early-stage marketing tech startups.
---
#### **5. Government & Institutional Partnerships**
Graphisads enjoys strong institutional credibility, being **empaneled with over 50 government ministries, PSUs, and municipal corporations**. Key partnerships include:
- **Indian Railways** (railway station DOOH, Vande Bharat media)
- **NDMC** (urban infrastructure monetization via 8-year PPP model)
- **Municipal Corporation of Delhi (MCD)**
- State governments: **Maharashtra, Bihar, Punjab**
- **MoU with IIM Lucknow’s Enterprise Incubation Centre** for a 12-month Media-Tech accelerator program.
These long-term contracts provide **predictable cash flows, low churn, and reliable collections**, forming a stable foundation for growth.
---
### **Recent Strategic Milestones (2024–2025)**
| Date | Key Development |
|------|-----------------|
| **Mar 2025** | Secured an **8-year PPP project with NDMC**, expected to generate **over ₹100 Crore in revenue**. Involves renovation, maintenance, and monetization of public utilities through advertising. |
| **Jul 2025** | New contracts expected to generate **₹3.15 Crore in annual revenue (Year 1)**. Reinforced leadership in Delhi’s OOH sector. |
| **Sep 2024** | Awarded government contracts worth **over ₹16 Crores** from Maharashtra, Bihar, and Punjab. |
| **Aug 2024** | Won creative mandate for **Bihar Tourism** (ad films, photo shoots, campaign design) via subsidiary **Spike Advertising Pvt. Ltd.** |
| **Jul 2024** | Secured **12 real estate project launches in Delhi NCR**; executed campaigns across print, radio, and outdoor media for AU Real Estate, Saya Homes. |
| **Jul 2024** | Signed **MoU with IIM Lucknow** for Media-Tech entrepreneurship program. |
| **Mar 2024** | Expanded footprint in tourism and government communications; strengthened event infrastructure via NCUI Auditorium acquisition. |
---
### **Growth Strategy & Financial Highlights**
- **Revenue Growth**: Achieved a **35% CAGR between FY21 and FY25**.
- **Profitability Metrics**:
- Return on Equity (RoE): **7.29%**
- Return on Capital Employed (RoCE): **10.32%**
- **Business Model Advantages**:
- **Asset-light digital operations** with high margins.
- **Vertical integration**—controls full value chain from creative to media placement.
- **Diversified across industries, geographies, and services**, reducing dependency risks.
- **No outsourcing**—maintains in-house control of all client deliverables.
- **Future Outlook**:
- Transitioning from traditional media agency to **strategic innovation partner** in digital and OOH.
- Scaling digital inventory, investing in **smart technologies**, and enhancing asset utilization.
- Targeting leadership in India’s evolving **₹30,000+ crore digital advertising market**.
---
### **Leadership**
- **Mr. Sidharth Motwani (CEO)**: Over **17 years** of experience in media buying, planning, and strategic communications.
- **Akshay Pandey (Assistant Vice President, Integration)**: 23 years in strategic planning and team leadership; instrumental in client-focused campaign delivery.