NSE: BTML · BSE: 543767
BODHI TREE MULTIMEDIA LTD
A digital entertainment and media company that produces content and is moving into technology-enabled digital media platforms, creator economy initiatives, digital marketing and media intelligence services. Total revenue was Rs 115.50 crore in FY26, with an EBITDA margin of 14.9% and net profit of Rs 7.96 crore. The cost structure is dominated by materials and content costs at 82.2% of revenue, while employees account for 2.7% and other operating expenses 3.7%. Standalone revenue from operations declined 15.5% to Rs 5,418.34 Lakhs and standalone net profit fell 36% to Rs 335.69 Lakhs during the year. The company completed two acquisitions: a 50.01% controlling stake in Moving Image Studios for Rs 700.14 Lakhs in cash plus an additional Rs 600 Lakhs commitment, and a 20% stake in Lehren Networks for Rs 120 Lakhs via a share swap. It also signed an MoU with the Government of Tripura to develop a state-level digital media and creator ecosystem, and raised Rs 4,563.02 Lakhs through a rights issue. Operating cash flow was significantly negative at Rs -4,458.23 Lakhs, driven by large increases in trade receivables and loans/advances. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Content production, Digital media platforms and creator economy, Moving Image Studios (subsidiary), Lehren Networks (associate). Digital media and entertainment with a heavily content-cost-driven cost base and recent acquisition-led expansion
Exhibit 1: Financial summary, FY23–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | 43 | 64 | 89 | 116 |
| EBITDA (ex other income) | 5 | 6 | 9 | 14 |
| margin % | 12.0 | 9.0 | 10.1 | 12.3 |
| Owners' profit | 3 | 3 | 5 | 6 |
| EPS, as reported (₹) | 2.67 | 2.84 | 0.39 | 0.44 |
| ROE % · ROCE % | 13.1 · 20.3 | 12.9 · 20.1 | 15.0 · 28.3 | 9.1 · 16.5 |
| Debt / equity (x) | 0.20 | 0.18 | 0.64 | 0.41 |
| Cash from operations | (7) | (2) | (14) | (37) |
| Capex | (0) | (0) | (0) | (9) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 14 | 17 | 40 | 18 | 23 | 39 | 35 | 30 |
| Profit before tax | 3 | 3 | 3 | 2 | 4 | 3 | 3 | 2 |
| Net profit | 2 | 2 | 2 | 1 | 3 | 2 | 2 | 1 |
| EPS (₹) | 0.18 | 0.14 | 0.15 | 0.06 | 0.17 | 0.13 | 0.11 | 0.04 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| NAZARA TECHNOLOGIES LTD | 14,813 | — | 4.17 | 25.6 | 2.3 | 8.6 | 32.1 | 7.8 |
| 7SEAS ENTERTAINMENT LIMITED | 238 | 105.1 | 8.11 | — | 7.6 | 7.5 | — | 20.9 |
| BODHI TREE MULTIMEDIA LTD ◆ | 108 | 13.3 | 1.24 | 8.4 | 9.1 | 12.6 | — | 13.5 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 13.3 | 31.7 | 8 of 29 | 75% |
| P/B | 1.2 | 1.0 | 27 of 47 | 44% |
| ROCE | 12.6 | 1.2 | 7 of 55 | 89% |
| ROE | 9.1 | 1.0 | 7 of 47 | 87% |
| Debt / Equity | 0.4 | 0.0 | 41 of 47 | 13% |
| EBITDA margin | 13.5 | 10.1 | 22 of 52 | 59% |
| Revenue growth | 65.2 | 0.6 | 6 of 49 | 90% |
| Profit growth | (26.6) | (18.0) | 28 of 50 | 45% |
| Market cap | 108 | 71 | 28 of 58 | 53% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 28 Oct 2026 · Extraordinary meeting considers capital raise through placement | board shareholder meetings | low | — | — |
| 13 Oct 2026 · RTA files dematerialization compliance certificate for Sep 2026 quarter | compliance | minimal | — | — |
| 7 Oct 2026 · EGM Notice Published - Meeting on 28 October 2026 | compliance | minimal | — | — |
| 6 Oct 2026 · EGM notice on Oct 28 for up to Rs 200 crore QIP fundraise | board shareholder meetings | low | — | — |
| 1 Oct 2026 · 13th AGM results: All 4 resolutions passed with 99.99% majority | board shareholder meetings | low | — | — |
| 30 Sept 2026 · BTML holds 13th AGM; 4 resolutions tabled including borrowing and related party deals | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Trading window closed ahead of H1 FY26 results | compliance | minimal | — | — |
| 18 Sept 2026 · Board approves QIP plan to raise up to Rs 200 crore | fund raising | high | — | — |
| 10 Sept 2026 · Board meeting on 18 Sep to consider fund raising via multiple modes | fund raising | medium | — | — |
| 9 Sept 2026 · Company Secretary and Compliance Officer resigns from Bodhi Tree Multimedia | management changes | medium | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.