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Yaap Digital Ltd

YAAP·NSE
121.15-1.50%Tue, 22 Sept '26

Yaap Digital Ltd

YAAP
NSE
121.15
-1.50%
|Tue, 22 Sept '26
SOICxStockScans Reports
6M
Price
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Quick Ratios

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Mkt Cap
Market Capitalization
254Cr
Close
Close Price
121.15
Industry
Industry
IT - Software
PE
Price To Earnings
13.03
PS
Price To Sales
1.37
Revenue
Revenue
185Cr
Rev Gr TTM
Revenue Growth TTM
21.21%
PAT Gr TTM
PAT Growth TTM
98.04%

Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterSep 2024Mar 2025Sep 2025Mar 2026
Revenue
RevenueCr
4710690136
Growth YoY
Revenue Growth YoY%
93.328.1
Expenses
ExpensesCr
429578111
Operating Profit
Operating ProfitCr
4111324
OPM
OPM%
9.49.913.917.9
Other Income
Other IncomeCr
1113
Interest Expense
Interest ExpenseCr
1111
Depreciation
DepreciationCr
0001
PBT
PBTCr
4111226
Tax
TaxCr
1237
PAT
PATCr
38919
Growth YoY
PAT Growth YoY%
215.4129.2
NPM
NPM%
6.37.810.214.0
EPS
EPS
0.00.00.09.3
QuarterSep 2024Mar 2025Sep 2025Mar 2026
Revenue
RevenueCr
4710690136
Growth YoY
Revenue Growth YoY%
93.328.1
Expenses
ExpensesCr
429578111
Operating Profit
Operating ProfitCr
4111324
OPM
OPM%
9.49.913.917.9
Other Income
Other IncomeCr
1113
Interest Expense
Interest ExpenseCr
1111
Depreciation
DepreciationCr
0001
PBT
PBTCr
4111226
Tax
TaxCr
1237
PAT
PATCr
38919
Growth YoY
PAT Growth YoY%
215.4129.2
NPM
NPM%
6.37.810.214.0
EPS
EPS
0.00.00.09.3

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue
RevenueCr
377267113153185
Growth
Revenue Growth%
97.8-7.969.035.521.2
Expenses
ExpensesCr
386362107138157
Operating Profit
Operating ProfitCr
-29461528
OPM
OPM%
-4.912.76.65.39.815.1
Other Income
Other IncomeCr
001124
Interest Expense
Interest ExpenseCr
111222
Depreciation
DepreciationCr
000001
PBT
PBTCr
-38451529
Tax
TaxCr
021247
PAT
PATCr
-36331122
Growth
PAT Growth%
348.7-56.0-8.4347.498.0
NPM
NPM%
-6.88.64.12.27.312.0
EPS
EPS
-14.038.016.81.767.312.1
Financial YearMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue
RevenueCr
377267113153185
Growth
Revenue Growth%
97.8-7.969.035.521.2
Expenses
ExpensesCr
386362107138157
Operating Profit
Operating ProfitCr
-29461528
OPM
OPM%
-4.912.76.65.39.815.1
Other Income
Other IncomeCr
001124
Interest Expense
Interest ExpenseCr
111222
Depreciation
DepreciationCr
000001
PBT
PBTCr
-38451529
Tax
TaxCr
021247
PAT
PATCr
-36331122
Growth
PAT Growth%
348.7-56.0-8.4347.498.0
NPM
NPM%
-6.88.64.12.27.312.0
EPS
EPS
-14.038.016.81.767.312.1

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
Equity CapitalCr
2222221
Reserves
ReservesCr
28982188
Current Liabilities
Current LiabilitiesCr
323830647476
Non Current Liabilities
Non Current LiabilitiesCr
888171920
Total Liabilities
Total LiabilitiesCr
44564991115217
Current Assets
Current AssetsCr
3445317798152
Non Current Assets
Non Current AssetsCr
101118141765
Total Assets
Total AssetsCr
44564991115217
Financial YearMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
Equity CapitalCr
2222221
Reserves
ReservesCr
28982188
Current Liabilities
Current LiabilitiesCr
323830647476
Non Current Liabilities
Non Current LiabilitiesCr
888171920
Total Liabilities
Total LiabilitiesCr
44564991115217
Current Assets
Current AssetsCr
3445317798152
Non Current Assets
Non Current AssetsCr
101118141765
Total Assets
Total AssetsCr
44564991115217

Cash Flow

Consolidated
Standalone
Financial YearMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow
Operating Cash FlowCr
-722535-6-35
Investing Cash Flow
Investing Cash FlowCr
10-42-3-47
Financing Cash Flow
Financing Cash FlowCr
-1-2-12-176
Net Cash Flow
Net Cash FlowCr
-702039-10-7
Free Cash Flow
Free Cash FlowCr
-622535-9-40
CFO To PAT
CFO To PAT%
277.632.3896.01,400.5-53.6-158.6
CFO To EBITDA
CFO To EBITDA%
385.221.8555.2587.2-40.3-126.2
Financial YearMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow
Operating Cash FlowCr
-722535-6-35
Investing Cash Flow
Investing Cash FlowCr
10-42-3-47
Financing Cash Flow
Financing Cash FlowCr
-1-2-12-176
Net Cash Flow
Net Cash FlowCr
-702039-10-7
Free Cash Flow
Free Cash FlowCr
-622535-9-40
CFO To PAT
CFO To PAT%
277.632.3896.01,400.5-53.6-158.6
CFO To EBITDA
CFO To EBITDA%
385.221.8555.2587.2-40.3-126.2

Ratios

Consolidated
Standalone
Financial YearMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Current
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
289254
Price To Earnings
Price To Earnings
15.713.0
Price To Sales
Price To Sales
1.61.4
Price To Book
Price To Book
2.72.3
EV To EBITDA
EV To EBITDA
9.98.8
Profitability Ratios
Profitability Ratios
GPM
GPM%
25.335.230.033.832.949.649.6
OPM
OPM%
-4.912.76.65.39.815.115.1
NPM
NPM%
-6.88.64.12.27.312.012.0
ROCE
ROCE%
-12.052.026.019.136.521.721.7
ROE
ROE%
-76.265.225.125.250.420.520.5
ROA
ROA%
-5.711.15.52.89.710.310.3
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
Financial YearMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Current
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
289254
Price To Earnings
Price To Earnings
15.713.0
Price To Sales
Price To Sales
1.61.4
Price To Book
Price To Book
2.72.3
EV To EBITDA
EV To EBITDA
9.98.8
Profitability Ratios
Profitability Ratios
GPM
GPM%
25.335.230.033.832.949.649.6
OPM
OPM%
-4.912.76.65.39.815.115.1
NPM
NPM%
-6.88.64.12.27.312.012.0
ROCE
ROCE%
-12.052.026.019.136.521.721.7
ROE
ROE%
-76.265.225.125.250.420.520.5
ROA
ROA%
-5.711.15.52.89.710.310.3
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
Yaap Digital is India’s fastest-growing publicly listed digital marketing company, built to be the country’s first truly homegrown independent network in a sector where foreign players command nearly 90% of the market. Founded nearly a decade ago by Dr. Atul Hegde and listed on the NSE Emerge in March 2026, the company’s defining move was the strategic acquisition of Gozoop, a respected independent agency that brought a retainer-led business model, the HAWK reputation-management platform, and a strong Mumbai base into the fold. Everything Yaap does flows from a “3D philosophy” - Design, Discovery, and Distribution - that fuses creativity, data, and technology into one integrated platform rather than operating in silos like a traditional agency. # Business segments A single integrated digital marketing platform - one business, three reinforcing pillars - that helps brands build identities, find audiences, and buy media, all under one roof. ## 1. Design and Discovery: the high-margin creative and intelligence engine **These are the services where brands are built and audiences are found - creative work, influencer campaigns, and reputation management that earn retainer fees and deliver structurally higher margins than media buying.** - **Brands pay for ideas, not just ads** - the Design pillar covers brand identity, content creation, and consumer experiences, using data and AI-powered workflows to produce creative work at speed; the Discovery pillar adds influencer marketing, creator intelligence, and online reputation management to connect brands with the right audiences. - **Retainers smooth out the seasonal rollercoaster** - the Gozoop acquisition brought a retainer-led model where revenue spreads across twelve months, a sharp contrast to the project-based feast-and-famine pattern of the rest of the business; management expects this to lift the first-half revenue share to roughly 35-40%, up from a historical 30%. - **HAWK makes clients sticky** - half of Gozoop’s revenue comes from its HAWK online reputation management platform, a tech-plus-service offering that locks in clients with ongoing monitoring rather than one-off campaigns. - **Clients who buy two or three pillars stay longer** - the majority of Yaap’s customers purchase more than one of the three D services, and those buying two or three have a much longer lifecycle, which structurally reinforces retention. ## 2. Distribution: the scale-driving media engine **This is where the big budgets flow - performance marketing, programmatic ad buying, and analytics that turn brand strategy into measurable outcomes, even though the working capital demands are heavier.** - **Paid media at scale** - the Distribution pillar deploys performance marketing, online media buying, programmatic advertising, adtech, and analytics to drive measurable business results for clients. - **High volume, lower margin** - the media business (Distribution) carries much lower margin percentages than the non-media business (Design and Discovery), so revenue mix shifts directly affect overall profitability. - **Growth eats working capital** - for every incremental rupee billed in the media business, the company needs roughly 40% to 50% of that amount in working capital, and the overall working capital cycle runs 80 to 110 days. - **The calendar is the boss** - Indian advertising is heavily skewed to the second half of the year, with 60-65% of category spends concentrated around the festival season and the IPL; historically, nearly 70% of Yaap’s revenue landed in H2. ## 3. Proprietary technology platforms: the tools that make the whole engine run faster **Five self-built and acquired platforms - spanning influencer marketing, video ad intelligence, AI content production, reputation management, and YouTube optimisation - give Yaap capabilities that a generic agency cannot replicate.** - **Buzzar turns influence into currency** - a barter-based influencer marketing platform where 15 million-plus creators trade content and reach for brand experiences rather than cash, bypassing heavy campaign outlays; it has analysed over 1.3 billion pieces of content and audited more than 10,000 brands. - **TAGS reads video like a human would** - an AI-powered video advertising intelligence platform that analyses metadata, audio transcripts, and regional languages, performs sentiment analysis, and uses a predictive placement engine drawing on billions of data points to optimise ad performance on platforms where 60% of digital video spend happens. - **The AI Studio collapses weeks into hours** - a generative-AI creative unit where brand-governed AI models produce high-volume, hyper-personalised marketing assets - dynamic ad variations, rapid pitch prototypes, multi-language localisations - that are then refined by human curators, slashing production timelines and versioning costs while lifting return on ad spend through real-time optimisation. - **VidPro+ and HAWK round out the stack** - VidPro+ helps brands scale organically on YouTube, while HAWK (acquired with Gozoop) provides hyper-speciality online reputation management as a tech-plus-service layer. # Group structure and partners **A publicly listed Indian company with a recently acquired subsidiary, an active acquisition pipeline, and a founder-led leadership team navigating a sudden succession.** - **Listed, with a subsidiary in the fold** - Yaap Digital Limited trades on the NSE Emerge under the symbol YAAP; its most significant structural move was the three-tranche acquisition of Gozoop Online Private Limited, with the first tranche (60.2% stake) completed in March 2026 for Rs. 56.62 crore, making Gozoop a subsidiary. - **The deal is earn-out driven** - Tranche 1 is priced at eight times normalised EBITDA, paid 80% in cash and 20% in Yaap equity, aligning the sellers over a three-year integration period. - **More deals are on the radar** - the company is actively hunting for acquisitions in the creator-tech space, specifically AI-led companies in the creator economy, and is pursuing targets in the GCC region to expand its geographic footprint beyond India, the UAE, and Singapore. - **Founder-led, now in transition** - Dr. Atul Hegde served as Chairman and Managing Director until his sudden passing in July 2026; the remaining leadership team includes the CFO, a Senior Partner, and heads of strategy and compliance.

Documents — Yaap Digital Ltd

  • Q4 FY2026 Earnings Call Transcript (Mar 2026, PDF): https://www.stockscans.in/document/9tdqqvrndqpjx7ybbvt5bo1k.pdf
  • Q4 FY2026 Quarterly Result (Mar 2026, PDF): https://www.stockscans.in/document/72i4t0i5fbjn1k1bw35qykf1.pdf
  • Q4 FY2026 Investor Presentation (Mar 2026, PDF): https://www.stockscans.in/document/z9oib6518cf86lliv9r8yb56.pdf
  • FY2026 Annual Report (PDF): https://www.stockscans.in/document/wdavdy8pxt0cm3edl6o0h4r9.pdf

Concall Transcript Summaries — Yaap Digital Ltd

  • Q4 FY2026 Concall Transcript Summary (Mar 2026): https://www.stockscans.in/company/NSE%3AYAAP/transcript-notes/202603/9tdqqvrndqpjx7ybbvt5bo1k.pdf