Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · CRYSTAL BUSINESS SYSTEM LIMITE · 29 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
CRYSTAL BUSINESS SYSTEM LIMITE
BSE: 540821
BSE: 540821
Consumer Discretionary › Media, Entertainment & Publication › Entertainment › TV Broadcasting & Software Production
CRYSTAL BUSINESS SYSTEM LIMITE
StateQ4 FY26 filed
Last close · 28 Oct 2026₹1.88
Market cap₹0.0k cr
TTM P/E · P/B · EV/EBITDA94.0 · 1.25 · 26.4
CRYSTAL BUSINESS SYSTEM LIMITE is a Entertainment company. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 24 | 19 | 15 | 17 | 9 |
| EBITDA (ex other income) | (0) | (1) | 1 | 2 | 0 |
| margin % | (1.9) | (3.2) | 4.9 | 9.0 | 4.0 |
| Owners' profit | 0 | (0) | 0 | 1 | 0 |
| EPS, as reported (₹) | 0.30 | (0.04) | 0.08 | 0.09 | 0.01 |
| ROE % · ROCE % | 2.1 · 2.5 | (0.8) · 1.4 | 2.2 · 2.8 | 5.9 · 8.5 | 0.8 · 2.6 |
| Debt / equity (x) | 0.36 | 0.23 | 0.17 | 0.25 | 0.19 |
| Cash from operations | 2 | 5 | 1 | 1 | 1 |
| Capex | (1) | (0) | (0) | (0) | (0) |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · CRYSTAL BUSINESS SYSTEM LIMITE · 29 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3 | 4 | 4 | 6 | 2 | 2 | 1 | 5 |
| Profit before tax | 0 | 1 | 2 | (2) | (1) | (1) | (2) | 3 |
| Net profit | 0 | 1 | 1 | (1) | (1) | (1) | (2) | 3 |
| EPS (₹) | 0.01 | 0.07 | 0.14 | (0.13) | (0.06) | (0.07) | (0.17) | 0.32 |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
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. % |
|---|---|---|---|---|---|---|---|---|
| SUN TV NETWORK LIMITED | 24,827 | 16.2 | 1.96 | 9.1 | 11.4 | 15.4 | 6.4 | 62.5 |
| ZEE ENTERTAINMENT ENT LTD | 6,709 | 19.2 | 0.57 | 11.4 | 2.3 | 2.3 | 0.9 | 6.9 |
| HATHWAY CABLE & DATACOM | 1,634 | 22.0 | 0.37 | 3.8 | 1.8 | 2.4 | 4.4 | 19.1 |
| DEN NETWORKS LTD | 1,164 | 7.8 | 0.30 | 3.8 | 4.3 | 5.4 | (5.7) | 28.0 |
| NDTV LTD | 698 | — | 5.41 | — | (250.2) | (82.5) | 8.1 | (55.5) |
| GTPL HATHWAY LIMITED | 607 | 80.6 | 0.48 | 1.9 | 1.0 | 1.0 | 8.6 | 10.8 |
| TV TODAY NETWORK LTD | 607 | 35.2 | 0.68 | 9.6 | 1.6 | 3.3 | 0.6 | 10.8 |
| ZEE MEDIA CORPORATION LTD | 463 | — | 2.07 | 3.9 | 0.9 | (1.8) | 3.2 | 9.4 |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 94.0 | 19.2 | 9 of 9 | 0% |
| P/B | 1.3 | 0.6 | 10 of 14 | 31% |
| ROCE | 2.0 | 2.3 | 9 of 15 | 43% |
| ROE | 0.8 | 1.3 | 10 of 14 | 31% |
| Debt / Equity | 0.2 | 0.0 | 13 of 14 | 8% |
| EBITDA margin | 74.6 | 9.4 | 1 of 17 | 100% |
| Revenue growth | (28.8) | 4.5 | 13 of 16 | 20% |
| Profit growth | 351.7 | (28.2) | 1 of 16 | 100% |
| Market cap | 19 | 320 | 12 of 17 | 31% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · CRYSTAL BUSINESS SYSTEM LIMITE · 29 October 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 15 Oct 2026 · Submission of SEBI Regulation 74(5) certificate for Q2 FY27 | compliance | minimal | — | — |
| 30 Sept 2026 · Trading window closed from Oct 1 until Q2 FY26 results are published | compliance | minimal | — | — |
| 30 Sept 2026 · 32nd AGM results: all 4 resolutions pass with 99 percent majority | compliance | minimal | — | — |
| 30 Sept 2026 · AGM results: All 4 resolutions passed, registered office shift approved | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Ankit Kakran regularized as Non-Executive Director at AGM | management changes | medium | — | — |
| 28 Sept 2026 · Shareholders approve shift of registered office within Delhi | general | low | — | — |
| 28 Sept 2026 · Dear Sir/Madam, The 32nd Annual General Meeting (''AGM'') of the Members of the Company was held today on Monday, the 28th September, 2026 scheduled to commence at 02:00 P.M (IST), through .... | board shareholder meetings | low | — | — |
| 21 Sept 2026 · Addendum to 32nd AGM Notice: Registered Office Shift Proposal | board shareholder meetings | low | — | — |
| 21 Sept 2026 · Board approves shifting of registered office within Delhi | board shareholder meetings | low | — | — |
| 11 Sept 2026 · Addendum to AGM Notice for regularization of Additional Director | management changes | medium | — | — |
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
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.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in