BSE: 543341
SHARPLINE BROADCAST LIMITED
Operates in India's advertising and broadcasting sector, with broadcasting as the main historical business and a medicine segment added more recently. For FY26, the company reported total revenue of Rs 109.69 crore and net profit of Rs 7.90 crore. Across the first three quarters of FY26, the broadcasting segment generated cumulative revenue of Rs 45.62 crore (Rs 8.08 crore in Q1, Rs 15.60 crore in Q2, Rs 21.93 crore in Q3), with an additional Rs 6.66 crore in Q4. The medicine segment was front-loaded in the year, contributing Rs 21.58 crore in Q1 FY26, Rs 5.22 crore in Q2 and Rs 0.02 crore in Q3, indicating a sharp tapering. Materials are the largest cost at 43.6% of revenue, followed by other operating expenses at 20.1% and employee costs at 5.9%. The company is listed on BSE and headquartered in Delhi, with Sanjeev Kumar Jha serving as Whole-Time Director and CFO. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Broadcasting, Medicine. Small-cap, diversified media and broadcasting company
Exhibit 1: Financial summary, FY25–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 58 | 110 |
| EBITDA (ex other income) | 2 | 13 |
| margin % | 3.0 | 11.5 |
| Owners' profit | 0 | 8 |
| EPS, as reported (₹) | 0.77 | 4.40 |
| ROE % · ROCE % | 4.6 · 6.6 | 15.0 · 19.4 |
| Debt / equity (x) | 0.40 | 0.00 |
| Cash from operations | (13) | (24) |
| Capex | 0 | (2) |
Exhibit 2: Quarterly performance, last 6 quarters
| ₹ crore | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 11 | 31 | 30 | 21 | 22 | 37 |
| Profit before tax | (0) | 7 | (1) | (4) | 9 | 8 |
| Net profit | (0) | 6 | (1) | (4) | 8 | 4 |
| EPS (₹) | (0.24) | 3.73 | 0.54 | (1.46) | 4.56 | 2.66 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Revenue from operations | 37 | 34.0 |
| Medicine | 5 | 4.8 |
| Broadcasting | 46 | 41.6 |
| Medicien | 22 | 19.7 |
| Total, before eliminations | 110 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SIGNPOST INDIA LIMITED | 1,214 | 16.5 | 4.17 | 9.2 | 24.1 | 24.9 | — | 23.1 |
| Bright Outdoor Media Limited | 773 | 7.0 | — | — | — | 17.3 | — | — |
| R K SWAMY LIMITED | 379 | 16.7 | 1.43 | 6.7 | 8.4 | 9.7 | — | 13.1 |
| DIGICONTENT LIMITED | 131 | 107.0 | 3.54 | 6.2 | 2.2 | 3.4 | 14.4 | 2.0 |
| Chatterbox Technologies Limite | 45 | 8.9 | — | — | — | 17.6 | — | — |
| TOSS THE COIN LIMITED | 30 | 10.6 | — | — | — | 25.5 | — | — |
| Sungold Media and Entertainmen | 28 | 560.0 | 2.38 | — | 0.2 | 0.3 | — | 5.3 |
| THINKINK PICTUREZ LIMITED | 26 | 9.0 | 0.17 | — | 0.9 | 1.1 | — | — |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 1.4 | 9.0 | 1 of 11 | 100% |
| P/B | 0.5 | 1.4 | 2 of 7 | 83% |
| ROCE | 16.9 | 10.0 | 5 of 11 | 60% |
| ROE | 15.0 | 2.2 | 2 of 7 | 83% |
| Debt / Equity | 0.0 | 0.0 | 1 of 7 | 50% |
| EBITDA margin | 24.5 | 13.1 | 1 of 5 | 100% |
| Revenue growth | 19.2 | 11.6 | 3 of 7 | 67% |
| Profit growth | (28.4) | 17.2 | 6 of 7 | 17% |
| Market cap | 25 | 29 | 9 of 12 | 27% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 14 Oct 2026 · Routine compliance filing: Certificate under SEBI Reg 74(5) for Q2 FY27 | compliance | minimal | — | — |
| 8 Oct 2026 · Sharpline Broadcast appoints Mr. Ritesh as Independent Director | management changes | medium | — | — |
| 7 Oct 2026 · Sharpline Broadcast appoints Mr. Ritesh as independent director | management changes | medium | — | — |
| 7 Oct 2026 · CFO Sanjeev Kumar Jha resigns effective Oct 7, 2026 | management changes | high | — | — |
| 1 Oct 2026 · 36th AGM results: three resolutions passed with requisite majority | board shareholder meetings | low | — | — |
| 1 Oct 2026 · 36th AGM Scrutinizer Report: All 3 Resolutions Passed | board shareholder meetings | low | — | — |
| 30 Sept 2026 · Director and Auditor re-appointed at 36th AGM | management changes | medium | — | — |
| 30 Sept 2026 · 36th AGM held on Sept 30, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 29 Sept 2026 · Trading Window Closure Ahead of Q2 FY27 Results | compliance | minimal | — | — |
| 25 Sept 2026 · Corrigendum to FY26 Annual Report after audit errors found | compliance | low | — | — |
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.