Produces and distributes films and recorded music, primarily in Hindi and Tamil. Film activity revolves around theatrical releases—the worldwide theatrical release of the romantic comedy drama Love Oh Love on July 10, 2026—where revenue flows from pre-sold OTT streaming rights (Amazon Prime Video exclusive), audio and music rights (Think Music), and theatrical box office. The Zinema Music record label, launched April 14, 2026, releases new music weekly and distributes across more than 150 global streaming platforms including Spotify, Apple Music, YouTube Music, Amazon Music, JioSaavn and Gaana, with a stated plan to expand from Hindi and Tamil into more regional Indian languages over the next 12 months. The business is BSE SME-listed (Code: 538579) and tiny in scale—FY26 revenue was Rs. 4.68 crore, against total income of Rs. 515.24 lakhs (vs. Rs. 59.16 lakhs in FY25) per the FY26 board filing. Cost structure is dominated by other operating expenses at 89.3% of revenue, with employees at 4.2% and depreciation at 1.4%; materials and capex are nil. A proposed 60% acquisition of Beontyme Technologies and a preferential share-swap with Tulsea Media were withdrawn by the Board in May 2026 due to technical shortcomings. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Film production and rights monetisation, Music distribution via Zinema Music label. Small, asset-light film production and recorded-music distribution business; early-stage and speculative
| ₹ crore · consolidated | FY20 | FY21 | FY23 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1 | 0 | 0 | 0 | 5 |
| EBITDA (ex other income) | — | — | — | 0 | 0 |
| margin % | — | — | — | 10.0 | 6.5 |
| Owners' profit | — | — | — | 0 | 0 |
| EPS, as reported (₹) | (0.07) | (0.01) | (0.02) | 0.41 | 0.53 |
| ROE % · ROCE % | — · (4.2) | — · (0.5) | — · (1.4) | 3.2 · 2.9 | 4.2 · 7.1 |
| Debt / equity (x) | — | — | — | 0.00 | 0.00 |
| Cash from operations | — | 5 | (2) | (0) | (6) |
| Capex | — | — | — | 0 | 0 |
| ₹ crore | Q4 FY21 | Q2 FY22 | Q4 FY23 | Q2 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 3 |
| Profit before tax | (0) | 0 | (0) | 0 | 0 | 0 | 0 | 0 |
| Net profit | — | — | — | — | — | 0 | 0 | 0 |
| EPS (₹) | (0.01) | 0.00 | (0.01) | 0.21 | 0.07 | 0.34 | 0.29 | 0.43 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| REDINGTON LIMITED | 30,817 | 18.1 | 2.96 | 14.3 | 12.3 | 15.7 | 15.9 | 2.2 |
| MMTC LIMITED | 9,347 | 20.9 | 4.41 | 19.9 | 18.3 | 21.6 | (83.7) | 18426.5 |
| MSTC LIMITED | 5,178 | 22.1 | 5.73 | 15.5 | 24.2 | 31.8 | (13.9) | 86.5 |
| SHANKARA BUILDPRO LIMITED | 3,050 | 23.2 | 5.59 | 13.5 | 23.4 | 31.8 | — | 3.3 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · 42nd AGM notice and Annual Report for FY 2025-26 | board shareholder meetings | medium | — | — |
| 8 Sept 2026 · 42nd AGM notice: preferential issue, capital raise, auditor change and MD re-appointment | board shareholder meetings | low | — | — |
| 8 Sept 2026 · Board approves September 30 AGM, share issue and auditor change | board shareholder meetings | low | — | — |
| 8 Sept 2026 · Board approves preferential shares for creditor settlement | fund raising | high | — | — |
| 8 Sept 2026 · Auditor resigns mid-term; new auditor appointed; preferential share issue approved | management changes | medium | — | — |
| 8 Sept 2026 · Auditor resigns mid-term; new auditor appointed; preferential issue at par approved | management changes | medium | — | — |
| 8 Sept 2026 · Board okays capital hike, preferential issue at par, new auditor | corporate actions | medium | — | — |
| 8 Sept 2026 · Board approves capital raise, preferential issue, and auditor change | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Board meeting for preferential issue of 24.99 lakh shares, trading window closed | compliance | minimal | — | — |
| 3 Sept 2026 · Board meeting on Sep 8 to consider preferential issue of 24.99 lakh shares | fund raising | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|
| CREATIVE NEWTECH LIMITED |
| 1,682 |
| 25.8 |
| 4.34 |
| 19.2 |
| 18.1 |
| 21.0 |
| — |
| 5.2 |
| Pervasive Commodities Limited | 865 | 0.1 | 9.61 | — | (0.0) | (0.0) | — | 45.0 |
| The Yamuna Syndicate Ltd | 810 | 8.9 | 0.63 | 203.9 | 4.0 | 0.3 | 4.8 | 6.2 |
| THE STATE TRADING CORPN | 680 | 1.0 | — | 52.5 | — | — | — | — |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 15.0 | 14.7 | 82 of 161 | 49% |
| P/B | 1.3 | 1.1 | 79 of 145 | 46% |
| ROCE | 5.1 | 2.0 | 66 of 184 | 65% |
| ROE | 4.2 | 2.3 | 71 of 174 | 60% |
| Debt / Equity | 0.0 | 0.0 | 15 of 175 | 64% |
| EBITDA margin | 16.4 | 4.5 | 31 of 137 | 78% |
| Market cap | 12 | 25 | 124 of 174 | 29% |
| 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 |
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.
