BMB Music and Magnetics Limited

Communication Services — Entertainment · BSE

₹6.59−₹0.34 (−4.91%)

DalalBaazaar Score

52 / 100

🟡 Moderate

Verdict

CAUTION

Risk

Very High

Driven by the company is currently loss-making, micro-cap size, which brings thin liquidity, a beta above 1.3, so it swings harder than the index.

In simple words: The company is currently losing money, with modest growth. The direction of profits is the main factor to watch.

Decision support, not a buy or sell call.

As of 18 Oct 2026, 7:46 pm

Understanding the Business

Company site ↗

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

What does this company do?

BMB Music and Magnetics Limited engages in the production of feature films in India. The company was formerly known as Bokadia Films Limited and changed its name to BMB Music and Magnetics Limited in June 2011. The company was incorporated in 1991 and is based in Jaipur, India.

IndustryEntertainment

SectorCommunication Services

Employees5

Annual revenue₹2 Cr

How does it make money?

Turns over ₹2 Cr a year. Of every ₹100 of sales, about ₹8 reaches shareholders as profit, with ₹26 left at the operating level before interest, tax and depreciation. Each of its 5 employees supports ₹36.8 lakh of revenue a year, the signature of a people-led business.

Revenue / employee₹36.8 lakh

Who are its competitors?

The closest listed comparisons in its industry are BHARTI AIRTEL LIMITED, VODAFONE IDEA LIMITED. 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 3.4% 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 ROE20.2%

What has been driving growth?

Growth has come mainly from selling more, rather than from keeping more of each sale. Over 3 years revenue moved +1214% while net margin moved -78% 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+1214%

Margin effect-78%

DalalBaazaar Score

52/ 100

Moderate

Weighted across six categories. Every point is explained below.

✗ ROE of 4.1% is weak

Quality vs. Valuation

Company Quality

57/ 100

Average

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

Valuation

44/ 100

Expensive

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

A reasonable business at a reasonable price — neither the quality nor the valuation stands out in either direction.

vs. its own history

Not enough price and earnings history

vs. sector peers

Not enough peers with a usable P/E

vs. generic bands

N/A

No P/E — the company is lossmaking

EV/EBITDA

11.0x

PEG

—

What's Good / What's Bad

🟢 What's Going Well3

Cash flow has turned positive
Free cash flow moved from negative to positive over 3 years.
Return on capital is rising
ROCE has improved from 1.1% to 3.4%.
Consistently profitable
Profitable in every one of the last 4 reported years.

🔴 What Needs Attention0

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

Red Flags

1 item require attention · 1 high

🔴Significant margin compressionFinancial
EBITDA margin has fallen 44.9 points, from 71.3% to 26.4%.

Investment Thesis

🟢 Bull CaseWhat could make this work?

Self-funding with balance-sheet headroom
Positive free cash flow of ₹0 Cr alongside low debt means growth, buybacks or dividends need no outside money — and a downturn can be absorbed rather than refinanced.
Earnings have proved durable
Profitable in every one of the last 4 reported years. Consistency lowers the risk that any single bad year is structural rather than cyclical.

🔴 Bear CaseWhat could go wrong?

Margins are being competed away
EBITDA margin has fallen from 71.3% to 26.4%. If the trend continues, profit falls even on flat sales — and margin decline rarely reverses quickly.
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

1Revenue growth stays above 102% a year✓ 136.0% CAGR
Latest reported year was 0.0%. The bar is set below the established compounding rate, so ordinary variation does not trip it.
2EBITDA margin holds above 24%✓ 26.4%
Two points below today's level — enough room for noise, tight enough to catch real compression.
3Debt / EBITDA stays below 2x✗ 2.8x
The ratio lenders write covenants against; it survives a small or negative equity base, unlike Debt/Equity.
4Free cash flow remains positive✓ ₹0 Cr
Profit that never becomes cash eventually stops being profit.
5ROCE stays above 8%✗ 3.4%
Falling returns on capital are usually competition arriving, and show up here before they reach the margin.

Investment Checklist

5 / 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

3 good · 3 neutral · 5 weak

Market Cap

₹4 Cr

Micro Cap

Smaller company — thin liquidity and deep drawdowns are normal here

P/E (Trailing)

Not meaningful

Loss-making

Earnings are negative, so a P/E multiple can't be read here

P/B Ratio

1.05x

Reasonable

Reasonable against the company's book value

EPS (TTM)

₹-0.08

Loss-making

Negative earnings per share — the business is losing money

ROE

4.1%

Weak

Weak capital efficiency

ROCE

3.4%

Weak

Low return on total capital employed

Debt/Equity

0.36x

Low

Conservative leverage

Revenue Growth (YoY)

0.0%

Modest

Modest growth

Profit Growth (YoY)

-44.6%

Falling

Profits are shrinking

Dividend Yield

None

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

Free Cash Flow

₹0 Cr

Cash generative

Generates cash even after funding its capex

More Metrics

Operating Margin

36.8%

Good

Healthy core-business profitability

Net Margin

-2.5%

Weak

Very little revenue reaches the bottom line

Current Ratio

3.67

Comfortable

Healthy short-term liquidity

Beta (vs Nifty)

2.96

High swing

Swings more than the market in both directions

52W Range Position

19%

Mid-range

Technical Snapshot

SMA 20 / SMA 50

6.3 / 6.7

Bearish alignment (short < long)

Price vs SMA 200

Above

Long-term uptrend

RSI (14)

62.3

Neutral momentum

Financial Trend (4-Year)

Metric	FY23	FY24	FY25	FY26	3Y CAGR
Revenue	₹0 Cr	₹0 Cr	₹3 Cr	₹2 Cr	+136.0%
EBITDA	₹0 Cr	₹0 Cr	₹1 Cr	₹0 Cr	+69.4%
EBITDA Margin	71.3%	55.0%	33.2%	26.4%	—
PAT (Net Profit)	₹0 Cr	₹0 Cr	₹1 Cr	₹0 Cr	+42.9%
EPS	₹0.09	₹0.09	₹2.09	₹0.26	+42.4%
ROE	2.3%	2.2%	34.8%	4.1%	—
ROCE	1.1%	0.6%	13.0%	3.4%	—
Free Cash Flow	-₹2 Cr	-₹1 Cr	₹1 Cr	₹0 Cr	—

🟢 Revenue has grown at 136.0% a year over 3 years.

🟢 EBITDA has grown at 69.4% a year over 3 years.

🔴 EBITDA Margin has fallen from 71.3% to 26.4% over 3 years (-44.9 pts).

🟢 PAT (Net Profit) has grown at 42.9% a year over 3 years.

🟢 EPS has grown at 42.4% a year over 3 years.

🟢 ROE has risen from 2.3% to 4.1% over 3 years (+1.8 pts).

🟢 ROCE has risen from 1.1% to 3.4% over 3 years (+2.4 pts).

🟢 Free Cash Flow has turned positive, from -₹2 Cr to ₹0 Cr.

Balance Sheet & Cash Flow — FY2026

Total Assets

₹11 Cr

Total Liabilities

₹7 Cr

Total Debt

₹1 Cr

Cash & Equivalents

₹0 Cr

Operating Cash Flow

₹0 Cr

Capex

-₹0 Cr

Shareholding (proxy)

Institutional Holding

0.0%

Insider Holding

61.2%

Peer Comparison

Company	P/E	ROE
BHARTI AIRTEL LIMITED	39.8x	20.2%
VODAFONE IDEA LIMITED	3.6x	—

Recent News

1 mixed1 negative4 general

BMB MUSIC & MAGNETICS LTD. Share Price

Upstox, 21 May

BMB Music & Magnetics Ltd. Share Price Live Today

CNBC TV18, 03 Jan

BMB Music & Magnetics Ltd. Peer Comparison – Compare with Others

Value Research, 31 Aug

BMB Music FY26 profit falls, appoints Pramod Bokadia as Chairman & MD

scanx.trade, 29 MayResults

🔴Potentially negativeReported deterioration, which feeds the growth and margin inputs on this page directly.

BMB Music & Magnetics Ltd. Key Financial Ratios – Valuation, Profitability & More

Value Research, 31 Aug

Rishabh Enterprises reports standalone net loss of Rs 0.23 crore in the June 2026 quarter

Business Standard, 14 AugResults

🟡Mixed / dependsA results event. The figures on this page update once the new statements reach the data feed, which usually lags the announcement.

Watch Items

Cross-check against the company's latest quarterly filing / investor presentation before acting.

DalalBaazaar Thesis

StrongFinancial Health

MiddlingBusiness Quality · Growth · Valuation

WeakProfitability · Risk

Points for each in the Score ↑

Unremarkable in both directions

A reasonable business at a reasonable price. Nothing here is alarming and nothing is compelling, which usually means the decision rests on things this data cannot see — the industry's direction, management's intent, and what else is available to you. 1 high-severity red flag sits above this conclusion and should be read first.

2 of 5 tripwires tripped — Debt / EBITDA stays below 2x; ROCE stays above 8% · see Key things to watch ↑