Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹91Cr
Entertainment - Content Providers
Rev Gr TTM
Revenue Growth TTM
33.49%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

MAXPOSURE
VS
| Quarter | Mar 2024 | Mar 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | | | 54.2 | 18.8 | 46.3 |
| 14 | 22 | 25 | 28 | 39 |
Operating Profit Operating ProfitCr |
| 30.1 | 17.2 | 20.5 | 13.5 | 14.6 |
Other Income Other IncomeCr | 1 | 1 | 1 | 1 | 0 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 |
Depreciation DepreciationCr | 0 | 0 | 0 | 0 | 0 |
| 7 | 5 | 7 | 5 | 6 |
| 3 | 0 | 2 | 1 | 1 |
|
Growth YoY PAT Growth YoY% | | | 41.3 | -23.5 | 1.2 |
| 17.7 | 16.8 | 16.2 | 10.8 | 11.2 |
| 0.0 | 2.0 | 2.2 | 1.5 | 2.2 |
| Financial Year | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | 33.9 | 22.8 |
| 37 | 53 | 67 |
Operating Profit Operating ProfitCr |
| 22.7 | 16.9 | 14.2 |
Other Income Other IncomeCr | 2 | 1 | 1 |
Interest Expense Interest ExpenseCr | 1 | 0 | 1 |
Depreciation DepreciationCr | 1 | 1 | 1 |
| 11 | 11 | 11 |
| 3 | 3 | 2 |
|
| | 4.9 | 0.8 |
| 17.1 | 13.4 | 11.0 |
| 3.6 | 3.7 | 3.8 |
| Financial Year | Mar 2024 | Mar 2025 |
|---|
Equity Capital Equity CapitalCr | 23 | 23 |
| 34 | 53 |
Current Liabilities Current LiabilitiesCr | 16 | 25 |
Non Current Liabilities Non Current LiabilitiesCr | 2 | 2 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 42 | 49 |
Non Current Assets Non Current AssetsCr | 33 | 51 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 0 | -17 |
Investing Cash Flow Investing Cash FlowCr | 1 | -4 |
Financing Cash Flow Financing Cash FlowCr | 15 | 17 |
|
Free Cash Flow Free Cash FlowCr | -2 | -18 |
| 3.3 | -201.4 |
CFO To EBITDA CFO To EBITDA% | 2.5 | -159.6 |
| Financial Year | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 186 | 128 |
Price To Earnings Price To Earnings | 23.0 | 15.1 |
Price To Sales Price To Sales | 3.9 | 2.0 |
Price To Book Price To Book | 3.3 | 1.7 |
| 15.7 | 11.3 |
Profitability Ratios Profitability Ratios |
| 96.3 | 96.6 |
| 22.7 | 16.9 |
| 17.1 | 13.4 |
| 20.6 | 13.6 |
| 14.3 | 11.3 |
| 10.9 | 8.5 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
Maxposure Limited is a technology-driven **Media as a Service (MaaS)** provider specializing in the aviation, travel, and luxury sectors. The company integrates proprietary hardware, immersive software, and creative content marketing to provide a 360-degree suite of solutions for global airlines, government bodies, and large corporations.
---
### **Corporate Structure & Strategic Subsidiaries**
Maxposure operates through a holding company structure with specialized subsidiaries that enhance its technological and creative capabilities.
| Entity | Relationship | Focus Area |
| :--- | :--- | :--- |
| **Maxposure Limited** | Holding Company | Group strategy, Inflight Entertainment (IFE), and Content Marketing. |
| **Bluebird Advertising Pvt Ltd** | **100%** Subsidiary | **INS-accredited** agency specializing in media buying, planning, and institutional branding. |
| **Neutral Digital Limited** | **92.4%** Subsidiary | UK-based immersive tech firm specializing in **XR**, **3D Visualization**, and **CGI**. |
---
### **Core Business Verticals & Revenue Streams**
#### **1. Inflight Entertainment (IFE) & Aviation Tech**
Maxposure is a global leader in curating and delivering multilingual content in **21+ languages**.
* **AeroHub WMS:** A proprietary, cost-effective **Wireless Streaming Server**. It allows passengers to stream HD content on personal devices without aircraft structural modifications. Available in **AeroHub** (battery-operated) and **AeroHub PRO** (aircraft-powered).
* **SkyView Suite:** A software portal live on airlines like **Kenya Airways** and **Garuda Indonesia**. Features include **Flight360** (3D moving maps), **Airshop** (ancillary revenue platform), and **SkyAnalytics** (passenger data).
* **Inviseo:** A patented aircraft tray-table design approved by **FAA, EASA, and LBA**, providing a dedicated panel for printed advertisements.
* **Aerolab:** A Mumbai-based **Motion Pictures of America (MPA)** certified lab for high-security encoding, encryption, and post-production.
#### **2. Immersive Marketing & Interactive Solutions**
Through **Neutral Digital**, the company provides high-end "Metaverse" and visualization solutions that shorten sales cycles for complex industries.
* **Aviation:** Photorealistic 3D aircraft interiors and the world’s first **Meta-Human** cabin crew (**QVerse** for Qatar Airways).
* **Real Estate:** Bespoke web platforms for luxury developers (e.g., **Ballymore**) featuring **Light Swarm** (LED physical model control) and **Salesforce** integration.
* **Gaming:** A portfolio of **25 gaming titles** integrated into IFE systems.
#### **3. Content Marketing & Digital Strategy**
The company provides strategic storytelling and brand building with a focus on high-margin (approx. **35%**) contracts.
* **Multilingual Expertise:** Content creation in over **25 Indian and global languages**.
* **Institutional Mandates:** High-impact projects for the **Ministry of External Affairs**, **NHPC**, **DMRC**, and the **Madhya Pradesh Tourism Board**.
* **Digital Services:** Full-spectrum **SEO**, **Online Reputation Management (ORM)**, and **Marketing Automation**.
#### **4. Advertising & PR**
Managed via **Bluebird Advertising**, this vertical handles integrated campaigns across Print, OOH, Radio, and Digital platforms for clients like **Hyundai Motor India**, **Royal Enfield**, and **State Bank of India**.
---
### **Financial Performance & Capital Structure**
The company has demonstrated a consistent upward growth trajectory, with a **33.85%** YoY increase in consolidated revenue for FY 2024-25.
**Consolidated Financial Summary:**
| Metric | FY 2024-25 (₹ Crore) | FY 2023-24 (₹ Crore) | Change (%) |
| :--- | :--- | :--- | :--- |
| **Revenue from Operations** | **63.28** | **47.28** | **+33.85%** |
| **Total Income** | **64.63** | **48.14** | **+34.25%** |
| **Profit After Tax (PAT)** | **8.50** | **8.11** | **+4.81%** |
| **Earnings Per Share (EPS)** | **3.74** | **3.56** | **+5.06%** |
**Standalone Revenue Mix (FY 2023-24):**
* **Advertising:** ₹1,978.12 Lakhs
* **Content Marketing:** ₹1,175.59 Lakhs
* **Inflight Entertainment:** ₹890.53 Lakhs
* **Technology:** ₹237.13 Lakhs
**Capital Management:**
* **Authorised Share Capital:** Increased to **₹30.00 Crore** (Nov 2025).
* **Dividend Policy:** Management currently retains all profits to enhance **Net Worth**; **no dividend** was declared for the current fiscal year.
* **Bonus Issue:** Recently executed a **4:1 Bonus Issue**, capitalizing **₹13.28 Crore**.
---
### **Strategic Roadmap & Future Growth Drivers**
* **IP-Led Technology Transition:** Shifting focus toward high-margin **SaaS revenue lines**, including **AeroVoice**, **Qibla App**, and **SkyReader**.
* **Global Footprint:** Operating through **7 global offices** (Delhi, London, Mumbai, Bengaluru, etc.) and a sales network in **20+ international hubs**.
* **Aviation Expansion:** Scaling the **AeroHub** platform with a **40-aircraft** rollout for **Air Europa** and expanding partnerships with **Etihad, FlyDubai, and Saudia**.
* **AI Innovation:** Developing a **Smart Trip Planner** (AI-driven itineraries) currently seeing interest from the **Madhya Pradesh Tourism Board**.
* **Talent Retention:** Implementation of the **ESOP Scheme 2025** with a pool of **5,00,000** shares.
* **Leadership:** Appointment of **Sasha Somya** as CEO effective **April 1, 2026**.
---
### **Risk Profile & Mitigation Framework**
| Risk Category | Description | Mitigation Strategy |
| :--- | :--- | :--- |
| **Sector Concentration** | High reliance on the **aviation sector** performance. | Diversification into **Real Estate** and **Government** digital mandates. |
| **Market Liquidity** | Resignation of market maker (March 2026) on NSE EMERGE. | Appointment of **Nikunj Stock Brokers Limited** as the new Market Maker. |
| **Tech Obsolescence** | Rapid cycles in **IFEC** and immersive tech. | Continuous **R&D** and patent filings (e.g., **Auto PA-pause** technology). |
| **Competition** | Margin pressure from global creative agencies. | Focus on **proprietary hardware (AeroHub)** and niche **XR/3D** capabilities. |
**Internal Controls:** The company employs **M/s Arun K Agarwal & Associates** for internal audits and maintains a robust **Order-to-cash** monitoring system to manage liquidity and vendor onboarding.