Bharatiya Global Infomedia Limited

Technology — Software - Application · BSE

₹3.38₹0.00 (0.00%)

DalalBaazaar Score

46 / 100

🟡 Moderate

Verdict

CAUTION

Risk

High

Driven by high debt relative to equity, negative free cash flow, micro-cap size, which brings thin liquidity.

In simple words: The business is earning a fairly low return on the money invested in it, with both sales and profits growing well. Debt is the main factor to watch.

Decision support, not a buy or sell call.

As of 18 Oct 2026, 7:45 pm

Understanding the Business

Company site ↗

The 60-second version of Bharatiya Global Infomedia Limited — what it does, how it earns, and who it competes with, before any of the numbers below.

What does this company do?

Bharatiya Global Infomedia Limited engages in the information technology and IT based product businesses in India. It operates through I.T. and Media & Entertainment segments.

IndustrySoftware - Application

SectorTechnology

Annual revenue₹0 Cr

How does it make money?

Turns over ₹0 Cr a year. Of every ₹100 of sales, about ₹874 reaches shareholders as profit, with ₹-78 left at the operating level before interest, tax and depreciation.

Who are its competitors?

The closest listed comparisons in its industry are TATA CONSULTANCY SERV LT, INFOSYS LIMITED, HCL TECHNOLOGIES LTD, WIPRO LTD. These are the companies its valuation and returns are measured against elsewhere in this report.

Compared side by side in Peers ↓

What is its competitive advantage?Little sign of one

Returns on capital of -0.9% are at or below what the capital likely costs. That is the financial pattern of a business competing largely on price, where advantage has to come from execution rather than position.

Peer median ROE32.0%

What has been driving growth?

Profit has moved mainly because margins changed, not because the business sold much more. Over 3 years revenue moved -83% while net margin moved -795% relative to itself. What this cannot tell you is which products, customers or geographies did the work — that lives in the segment disclosures of the annual report.

Revenue effect-83%

Margin effect-795%

DalalBaazaar Score

46/ 100

Moderate

Weighted across six categories. Every point is explained below.

✗ Revenue has contracted at 44.7% a year

Quality vs. Valuation

Company Quality

40/ 100

Weak

How good the business is, ignoring the share price entirely.

Valuation

87/ 100

Cheap

What you are being asked to pay, ignoring how good the business is.

Optically cheap, but the underlying business scores poorly. Cheap-and-weak is what a value trap looks like from the outside — the low price may be deserved.

Historical Valuation

Current P/E

1.5x

Sector Median

16.5x

median of 4 sector peers

🟢Against its sector it trades 91% below the peer median of 16.5x.

vs. its own history

Not enough price and earnings history

vs. sector peers

Cheap

16.5x median of 4 peers · -91%

vs. generic bands

Cheap

Below 15x

EV/EBITDA

—

PEG

—

What's Good / What's Bad

🟢 What's Going Well1

Return on equity is rising
ROE has improved from -3.1% to 3.8%.

🔴 What Needs Attention0

Nothing stands out as clearly deteriorating on the years of data available.

Red Flags

7 items require attention · 5 high · 2 watch

🔴High leverageFinancial
Debt/Equity of 5.57x — earnings must service borrowings before shareholders see anything.
🔴Thin interest coverageFinancial
Operating profit covers interest only -555.4x — little room if earnings dip.
🔴Profit up while operating cash flow fallsFinancial
Reported profit rose but cash generated by operations declined — worth checking whether earnings are being supported by non-cash items or working capital.
🔴Significant margin compressionFinancial
EBITDA margin has fallen 34.4 points, from -44.0% to -78.4%.
🔴Receivables growing faster than salesFinancial
Receivables up 1445% against revenue up -83% — sales are being booked faster than they are collected.
🟡Interest coverage is deterioratingFinancial
Cover has fallen from -16.8x to -555.4x.
🟡Free cash flow is negativeFinancial
Free cash flow was -₹3 Cr in the latest year.

Investment Thesis

🟢 Bull CaseWhat could make this work?

Cheaper than its peers
It trades 91% below the sector median. Either the market sees a problem the numbers do not show, or the discount closes.

🔴 Bear CaseWhat could go wrong?

Margins are being competed away
EBITDA margin has fallen from -44.0% to -78.4%. If the trend continues, profit falls even on flat sales — and margin decline rarely reverses quickly.
Leverage amplifies any setback
Debt/Equity of 5.57x. Interest is payable whether or not the business has a good year.
Sales are being booked faster than collected
Receivables are up 1445% against revenue up -83%. If customers keep taking longer to pay, reported profit will not turn into cash — and write-offs follow if some never do.
Earnings are hard to forecast
Profit has swung sharply from year to year, so any single year — good or bad — is a weak guide to the next. Cyclical earnings deserve lower multiples for that reason.
Size brings its own risk
Micro Cap businesses are thinly traded, so exits are harder in a falling market and single events move the price more than they would for a larger company.

🟡 Key Things to WatchMeasurable tripwires, set against where this company stands today

1EBITDA margin holds above -80%✓ -78.4%
Two points below today's level — enough room for noise, tight enough to catch real compression.
2Free cash flow remains positive✗ -₹3 Cr
Profit that never becomes cash eventually stops being profit.
3Interest cover stays above 3x✗ -555.4x
How much operating profit can fall before interest stops being comfortably covered.
4ROCE stays above 8%✗ -0.9%
Falling returns on capital are usually competition arriving, and show up here before they reach the margin.

Investment Checklist

7 / 11 checks passed

✗ Strong return on equity (ROE ≥ 15%)
✗ Strong return on capital employed (ROCE ≥ 15%)
✓ Healthy net margin (≥ 10%)
✗ Generates positive free cash flow
✗ Manageable leverage (Debt/Equity < 1.0)
✓ Adequate short-term liquidity (Current Ratio ≥ 1.0)
✓ Revenue growing year-over-year
✓ Profit growing year-over-year
✓ Not trading at an extreme valuation (P/E < 40x)
✓ Not buying right at the 52-week high
✓ Short-term technical trend isn't bearish

Price history

Quick Metrics

5 good · 2 neutral · 4 weak

Market Cap

₹5 Cr

Micro Cap

Smaller company — thin liquidity and deep drawdowns are normal here

P/E (Trailing)

1.5x

Cheap

Cheap against the generic band

P/B Ratio

0.06x

Reasonable

Reasonable against the company's book value

EPS (TTM)

₹2.33

Profitable

Profitable on a per-share basis

ROE

3.8%

Weak

Weak capital efficiency

ROCE

-0.9%

Weak

Low return on total capital employed

Debt/Equity

5.57x

High

High leverage

Revenue Growth (YoY)

34.1%

Healthy

Healthy top-line growth

Profit Growth (YoY)

171.6%

Healthy

Profits growing at a healthy clip

Dividend Yield

None

No dividend yield reported — usually means no payout, but verify if one was recently initiated

Free Cash Flow

-₹3 Cr

Cash burning

Spending more cash than the operations bring in

More Metrics

Operating Margin

-118.5%

Weak

Thin margins leave little room for error

Net Margin

754.2%

Good

Strong bottom-line conversion

Current Ratio

3.21

Comfortable

Healthy short-term liquidity

Beta (vs Nifty)

0.05

Defensive

Steadier than the market

52W Range Position

33%

Mid-range

Technical Snapshot

SMA 20 / SMA 50

3.3 / 3.3

Bullish alignment (short > long)

Price vs SMA 200

Above

Long-term uptrend

RSI (14)

96.9

Overbought zone

Financial Trend (4-Year)

Metric	FY23	FY24	FY25	FY26	3Y CAGR
Revenue	₹2 Cr	₹2 Cr	₹0 Cr	₹0 Cr	-44.7%
EBITDA	-₹1 Cr	-₹1 Cr	-₹1 Cr	-₹0 Cr	—
EBITDA Margin	-44.0%	-65.5%	-270.7%	-78.4%	—
PAT (Net Profit)	-₹3 Cr	-₹3 Cr	-₹4 Cr	₹3 Cr	—
EPS	₹-1.72	₹-1.61	₹-2.8	₹2.03	—
ROE	-3.1%	-3.0%	-5.5%	3.8%	—
ROCE	-2.4%	-2.1%	-1.5%	-0.9%	—
Total Debt	₹4 Cr	₹4 Cr	₹2 Cr	₹5 Cr	+5.2%
Free Cash Flow	-₹0 Cr	-₹4 Cr	₹0 Cr	-₹3 Cr	—

🔴 Revenue has shrunk at 44.7% a year over 3 years.

🔴 EBITDA Margin has fallen from -44.0% to -78.4% over 3 years (-34.4 pts).

🟢 PAT (Net Profit) has turned positive, from -₹3 Cr to ₹3 Cr.

🟢 EPS has turned positive, from ₹-1.72 to ₹2.03.

🟢 ROE has risen from -3.1% to 3.8% over 3 years (+6.9 pts).

🟢 ROCE has risen from -2.4% to -0.9% over 3 years (+1.5 pts).

🔴 Total Debt has grown at 5.2% a year over 3 years.

Balance Sheet & Cash Flow — FY2026

Total Assets

₹108 Cr

Total Liabilities

₹23 Cr

Cash & Equivalents

₹0 Cr

Operating Cash Flow

-₹3 Cr

Capex

-₹0 Cr

Shareholding (proxy)

Institutional Holding

0.0%

Insider Holding

59.2%

Peer Comparison

Company	P/E	ROE
TATA CONSULTANCY SERV LT	17.3x	45.6%
INFOSYS LIMITED	15.8x	32.0%
HCL TECHNOLOGIES LTD	20.4x	24.6%
WIPRO LTD	14.5x	15.9%

Recent News

1 positive5 general

Bharatiya Global Infomedia Ltd. Shareholding Pattern – Promoters, FIIs & DIIs

Value Research, 30 Aug

BHARATIYA GLOBAL INFOMEDIA LTD Share Price

Upstox, 07 May

Bharatiya Global Infomedia Ltd. Peer Comparison – Compare with Others

Value Research, 30 Aug

BGIL seeks 3-month extension to hold FY26 AGM

scanx.trade, 07 Sept

Shreeji Shipping Global consolidated net profit rises 19.03% in the June 2026 quarter

Business Standard, 14 AugResults

🟢Potentially positiveReported improvement. Check whether it came from volume, price or a one-off item before treating it as a trend.

Bharatiya Global Infomedia Ltd. Financials – Balance Sheet, Profit & Loss, Cash Flow

Value Research, 29 Aug

Watch Items

Cross-check against the company's latest quarterly filing / investor presentation before acting.
RSI is in overbought territory — momentum entries here carry more short-term pullback risk.

DalalBaazaar Thesis

StrongProfitability · Valuation

MiddlingBusiness Quality

WeakFinancial Health · Growth · Risk

Points for each in the Score ↑

Cheap, but for a reason

The low price is the whole case here, and the business underneath scores poorly. Cheap-and-weak is what a value trap looks like from the outside — it needs a specific reason the numbers are about to improve, not just the observation that they are low. 5 high-severity red flags sit above this conclusion and should be read first.

3 of 4 tripwires tripped — Free cash flow remains positive; Interest cover stays above 3x; ROCE stays above 8% · see Key things to watch ↑