GV Films Limited

Communication Services — Entertainment · BSE

₹0.33−₹0.01 (−2.94%)

DalalBaazaar Score

62 / 100

🟢 Good

Verdict

NEUTRAL

Risk

High

Driven by negative free cash flow, the company is currently loss-making, micro-cap size, which brings thin liquidity.

In simple words: The company is currently losing money, with both sales and profits growing well. Cash generation is currently the main factor to watch.

Decision support, not a buy or sell call.

As of 18 Oct 2026, 6:07 pm

Caution warranted. Multiple fundamental metrics — flagged in red below — point to either valuation stretch, leverage risk, or weakening profitability. This doesn't mean avoid the stock outright, but it does mean the burden of proof is on the growth story to justify the current price.

Understanding the Business

Company site ↗

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

What does this company do?

GV Films Limited produces, processes, and edits films in India. The company operates miniplex, that includes food court, leisure, and entertainment services, as well as provides television programs.

IndustryEntertainment

SectorCommunication Services

Annual revenue₹2 Cr

How does it make money?

Turns over ₹2 Cr a year. Of every ₹100 of sales, about ₹-14 reaches shareholders as profit, with ₹177 left at the operating level before interest, tax and depreciation.

EBITDA margin177.2%

Net margin-14.3%

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.

BHARTI AIRTEL LIMITEDP/E 39.8x · ROE 20.2%

VODAFONE IDEA LIMITEDP/E 3.6x · ROE —

What is its competitive advantage?Little sign of one

Returns on capital of 3.3% 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.

ROCE3.3%

ROE-0.3%

Peer median ROE20.2%

What has been driving growth?

Sales and margins have both contributed to where profit is now. Over 3 years revenue moved +61% while net margin moved -80% 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+61%

Margin effect-80%

DalalBaazaar Score

62/ 100

Good

Weighted across six categories. Every point is explained below.

✗ Return on equity is negative
✓ ROE has improved by 4.6 points over the period

Quality vs. Valuation

Company Quality

59/ 100

Average

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

Valuation

52/ 100

Fair

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

No P/E available

P/E (Trailing)

—

P/B

0.54x

EV/EBITDA

20.9x

PEG

—

Dividend Yield

None

What's Good / What's Bad

🟢 What's Going Well5

Margins are improving
EBITDA margin is up from 31.7% to 177.2% over 3 years.
Debt is being paid down
Total debt is down 36% over 3 years.
Return on equity is rising
ROE has improved from -4.9% to -0.3%.
Return on capital is rising
ROCE has improved from -0.5% to 3.3%.
Very low debt
Debt/Equity of 0.20x leaves the balance sheet with plenty of headroom.

🔴 What Needs Attention2

Free cash flow is negative
The business is not currently covering its capital spending from operations.
Receivables growing faster than sales
Receivables are up 13277% against revenue growth of 61% — customers are taking longer to pay.

Red Flags

5 items require attention · 4 high · 1 watch

🔴Thin interest coverageFinancial
Operating profit covers interest only 1.0x — little room if earnings dip.
🔴Free cash flow negative for 3 yearsFinancial
The business has not covered its capital spending from operations for several years running, which has to be funded externally.
🔴The company is lossmakingFinancial
Net profit of -₹0 Cr in the latest reported year.
🔴Receivables growing faster than salesFinancial
Receivables up 13277% against revenue up 61% — sales are being booked faster than they are collected.
🟡Shareholders have been dilutedOwnership
Shares outstanding are up 104% over 3 years — each existing share owns a smaller slice of the company.

Investment Thesis

🟢 Bull CaseWhat could make this work?

Margin expansion has further to run
EBITDA margin has risen from 31.7% to 177.2%. If that holds, profit compounds faster than sales and today's multiple looks cheaper in hindsight than it does now.
Deleveraging frees up earnings
Debt is down 36% over 3 years. Every rupee of interest not paid drops to the bottom line, so profit can grow even if revenue does not.

🔴 Bear CaseWhat could go wrong?

The debt load needs earnings to hold up
Debt is 5.7x EBITDA. At that level a downturn in earnings turns a manageable balance sheet into a refinancing problem, and lenders get paid before shareholders.
Sales are being booked faster than collected
Receivables are up 13277% against revenue up 61%. 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.
Several serious flags at once
4 high-severity checks triggered. Individually each has an explanation; together they raise the chance that something structural is wrong rather than a one-off.

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

1Revenue growth stays above 13% a year✓ 17.2% CAGR
Latest reported year was 98.8%. The bar is set below the established compounding rate, so ordinary variation does not trip it.
2EBITDA margin holds above 175%✓ 177.2%
Two points below today's level — enough room for noise, tight enough to catch real compression.
3Debt / EBITDA falls below 3x✗ 5.7x
Already stretched, so this is a reduction target rather than a level to hold. Around 3x is where lenders typically start attaching conditions.
4Free cash flow remains positive✗ -₹1 Cr
Profit that never becomes cash eventually stops being profit.
5Interest cover stays above 3x✗ 1.0x
How much operating profit can fall before interest stops being comfortably covered.

Investment Checklist

6 / 10 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 buying right at the 52-week high
✓ Short-term technical trend isn't bearish

Price history

Quick Metrics

4 good · 3 neutral · 4 weak

Market Cap

₹62 Cr

Micro Cap

Smaller company — thin liquidity and deep drawdowns are normal here

P/E (Trailing)

Not available

No data

Source didn't return this field

P/B Ratio

0.54x

Reasonable

Reasonable against the company's book value

EPS (TTM)

₹-0

Loss-making

Negative earnings per share — the business is losing money

ROE

-0.3%

Weak

Weak capital efficiency

ROCE

3.3%

Weak

Low return on total capital employed

Debt/Equity

0.20x

Low

Conservative leverage

Revenue Growth (YoY)

98.8%

Healthy

Healthy top-line growth

Profit Growth (YoY)

82.0%

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

-₹1 Cr

Cash burning

Spending more cash than the operations bring in

More Metrics

CMP

₹0.33

Operating Margin

-3.5%

Weak

Thin margins leave little room for error

Net Margin

-20.7%

Weak

Very little revenue reaches the bottom line

Current Ratio

1.09

Adequate

Adequate, but no real cushion

Beta (vs Nifty)

-0.27

Defensive

Steadier than the market

52W Range Position

18%

Mid-range

Technical Snapshot

SMA 20 / SMA 50

0.4 / 0.4

Bullish alignment (short > long)

Price vs SMA 200

Below

Long-term downtrend

RSI (14)

28.6

Oversold zone

Financial Trend (4-Year)

Metric	FY23	FY24	FY25	FY26	3Y CAGR
Revenue	₹1 Cr	₹1 Cr	₹2 Cr	₹2 Cr	+17.2%
EBITDA	₹0 Cr	-₹1 Cr	₹2 Cr	₹4 Cr	+108.0%
EBITDA Margin	31.7%	-126.0%	113.9%	177.2%	—
PAT (Net Profit)	-₹1 Cr	-₹0 Cr	-₹2 Cr	-₹0 Cr	—
EPS	₹-0.01	₹-0	₹-0.01	₹-0	—
ROE	-4.9%	-2.1%	-1.6%	-0.3%	—
ROCE	-0.5%	-3.5%	1.7%	3.3%	—
Total Debt	₹36 Cr	₹40 Cr	₹40 Cr	₹23 Cr	-13.9%
Free Cash Flow	₹1 Cr	-₹4 Cr	-₹95 Cr	-₹1 Cr	—

🟢 Revenue has grown at 17.2% a year over 3 years.

🟢 EBITDA has grown at 108.0% a year over 3 years.

🟢 EBITDA Margin has risen from 31.7% to 177.2% over 3 years (+145.5 pts).

🟢 ROE has risen from -4.9% to -0.3% over 3 years (+4.6 pts).

🟢 ROCE has risen from -0.5% to 3.3% over 3 years (+3.8 pts).

🟢 Total Debt has shrunk at 13.9% a year over 3 years.

🔴 Free Cash Flow has turned negative, from ₹1 Cr to -₹1 Cr.

Balance Sheet & Cash Flow — FY2026

Total Assets

₹170 Cr

Total Liabilities

₹56 Cr

Total Debt

₹23 Cr

Cash & Equivalents

₹0 Cr

Operating Cash Flow

-₹1 Cr

Capex

—

Shareholding (proxy)

Institutional Holding

0.0%

Insider Holding

40.9%

Peer Comparison

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

Recent News

1 mixed5 general

GV Films Ltd. Shareholding Pattern – Promoters, FIIs & DIIs

Value Research, 04 Sept

GV Films Ltd. Upper Circuit Streak: Day 2 Price and Data

Univest, 22 Sept

GV Films Limited Reports Q3 FY26 Results Amid Regulatory Challenges and Trading Suspension Notice

scanx.trade, 05 MarResults

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

ROBOKIDZ EDUVENTURES LTD. Stock/Share price , NSE/BSE Forecast News and Live Quotes

Equitymaster, 14 Oct

GV Films reports FY26 profit with qualified audit opinion

scanx.trade, 25 Jun

GV Films Ltd. Financials – Balance Sheet, Profit & Loss, Cash Flow

Value Research, 30 Aug

Watch Items

Cross-check against the company's latest quarterly filing / investor presentation before acting.
1 metric couldn't be retrieved for this stock — this is more common for smaller or thinly-covered listings.
RSI is in oversold territory — could mean either a bargain or a stock still falling for good reason. Check the 'why' before assuming reversal.

DalalBaazaar Thesis

🟡Business QualityAdequate10.3/20

🟡Financial HealthAdequate11.1/20

🟢GrowthStrong18.4/20

🔴ProfitabilityWeak5/15

🟢ValuationAttractive12.8/15

🔴RiskHigh4/10

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. 4 high-severity red flags sit above this conclusion and should be read first.

This thesis breaks if

✓Revenue growth stays above 13% a year17.2% CAGR
✓EBITDA margin holds above 175%177.2%
✗Debt / EBITDA falls below 3x5.7x
✗Free cash flow remains positive-₹1 Cr
✗Interest cover stays above 3x1.0x