Annual reportSep 2026
Sep 2026 · Updates 1 Sep - B.A.G. Convergence shared AGM notice and FY2025-26 annual report links; AGM on September 24, 2026.
Source: Nse
B.A.G. Convergence Ltd. (BAGDIGITAL)
SME CapIT stocks · SME cap · NSE
B.A.G. Convergence Ltd. operates in Digital Media, within the IT sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
₹105.25
+1.75 · +1.69%
Market cap ₹223 Cr
Data qualityFresh enough for analysisQuote updated 22 Oct, 05:50 pm ISTDetails
Quote22 Oct, 05:50 pm IST
Base fundamentals16 Oct 2026 · screener
Latest result20 May, 10:50 pm IST
Score22 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags24 Apr 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · IT P/E 21.4 (n=204)
Technical timing lens
Trend score and candlestick chart
55Neutralfull bear SMA stack · SMA20 -1.2% / mo · MACD − · sector +17.8pp vs Nifty 500 (3M)
Stock trend: 26
Sector RS: 100
Sector 3M: +12.2% vs Nifty 500 -5.6%
IT FPI tailwindBuilding
Latest FPI flow is positive, but a second consecutive positive fortnight is still required. View sector evidence
Technical chart
BAGDIGITALD candles · FIT view-5.8%Latest close ₹105.25 on 2026-10-22
Bar
+1.7%
RSI
48
MACD hist
-0.20
52W pos
18%
2026-10-22O ₹103.50H ₹105.50L ₹103.50C ₹105.25Vol 48,000 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
BAGDIGITALNifty ITNifty 500
- BAGDIGITAL
- -4.2%
- Nifty 500
- -5.4%
- Nifty IT
- +11.6%
- Vs Nifty 500
- +1.2 pp
Chart stats
22 Oct 2026- From 52W high
- -24.3%
- 52W range position
- 22%
- ATR (14)
- 3.6%
- Volume vs 20D
- 1.05x
- Avg traded value
- ₹0.5 Cr
- 20D price channel
- ₹100 - ₹115
₹139
₹95.8 - ₹139
₹3.8
Latest completed session
20-session average
36.3% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE58
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Pending data—
Revenue NDF · PAT NDF YoY
Technical
Neutral55
Price trend and sector-relative-strength timing.
Valuation
Legacy model+35.5%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence73
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 31 Mar 2026
Pending dataYoY comparison unavailable - result verdict pending data
Filed 31 Mar 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹21 Cr | NDF | -4.5% |
| EBITDA | ₹8 Cr | NDF | -20.0% |
| Operating margin | 39.0% | NDF | -700 bps |
| PAT | ₹5 Cr | NDF | -16.7% |
| PAT margin | 23.8% | NDF | -346 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 20.70
- P/B
- 2.89
- EV/EBITDA
- 10.67
- Market Cap
- 223.00Cr
Profitability
- ROE
- 21.70%
- ROCE
- 32.50%
- ROA
- 10.78%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 18.24%
- EPS 5Y
- 38.38%
- Revenue 3Y
- 20.00%
- EPS 3Y
- 29.00%
Balance Sheet
- Debt/Equity
- 0.01
- Interest Coverage
- 9.00×
- Altman Z
- 7.40
- Book Value
- 36.30
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 3/5
- OCF
- -15.00 Cr
- EPS TTM
- 5.08
Shareholding
- Promoter Hold
- 65.94%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 18%
Financial History
Updated 22/10/2026
Revenue
₹ CrLatest: 21.0-4.5% vs prev
Net Profit
₹ CrLatest: 5.0-16.7% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 48.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~1.2% over last month) — short-term momentum negative.
- RSI(14) at 48 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 24% off 52W high · 8% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
59
RS percentile
Stage 4 Downtrend
1M return
+2.1%
3M return
-4.8%
6M return
-5.8%
1Y return
-
RS 1D
+2
RS 20D
+23
Sector rank
#7
Industry rank
-
Stage evidence
- Price is 3.4% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -1.4%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
improving
Industry
unranked
Partial-history RS: the 3M and 6M weights are re-normalised because 12M history is unavailable.
Relative-strength line vs Nifty 500 (base 100)
222 observations
22 Oct 2026Value 105.71+2.35%
RS vs Nifty 500106
Valuation & peers
U-Score 58 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 58 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
FAIR_VALUE
Fundamental score breakdown
U band · FAIR VALUEValuation8/30
Growth22/25
Quality14/20
Balance Sheet11/15
Cash Flow2/10
Piotroski
6/9 (+3)
Penalties
-2
Raw sum
58
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
58/100 · legacy band FAIR VALUE
Positive drivers
- Fair-value margin of safety is positive at 35.5%.
- Growth contributes 22/25 to the score.
- Balance sheet contributes 11/15 to the score.
Main drags
- Penalty bucket subtracts 2 points.
- Cash flow is weaker at 2/10; verify the latest quarterly trend.
- Valuation is weaker at 8/30; verify the latest quarterly trend.
Sector valuation model
IT valuation: PE and EV/EBITDA against growth and margins
Asset-light IT companies deserve valuation support only when growth, margins, and cash conversion hold up.
Primary lens
PE and EV/EBITDA relative to revenue growth, margins, and cash conversion.
Secondary checks
Deal pipeline, attrition, dollar revenue growth, FCF yield.
Main risk check
Low PE can reflect weak growth or margin pressure.
PE
20.7
PB
2.9
EV/EBITDA
10.7
ROE
21.7%
ROCE
32.5%
FCF Yield
—
Debt/Equity
0.0
MoS
+35.5%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 22 Oct 2026
v4.3-runtime-valuation
Final score
58
Previous: 58
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+35.5%
Previous: +36.5%
Score history
12 stored score snapshots. Latest stored move: +0 points.
22 Oct 2026
v4.3-runtime-valuation
56
56
56
56
56
58
58
58
58
58
58
58
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹64.41
-63.4% MoS
Growth-justified P/E
32.1
Growth-justified Value
₹163.07
+35.5% MoS
PEG
0.60
Comparable companies
Peers
Business-comparable peers in IT — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
CUDML
SME
Cash Ur Drive Marketing Ltd.
Media & Entertainment
match 146
42
6.0
19.7%
+29%
WATCHLIST
PHANTOMFX
SME
Phantom Digital Effects Ltd.
Media & Entertainment
match 131
39
4.7
13.0%
-134%
WATCHLIST
UFO
Small
UFO Moviez India Limited
Media & Entertainment
match 115
66
9.2
6.3%
+58%
UNDERVALUED
PELATRO
SME
Pelatro Ltd.
Media & Entertainment
match 113
50
19.5
21.4%
+18%
FAIR VALUE
VERTOZ
Small
Vertoz Limited
Media & Entertainment
match 113
59
11.2
12.4%
+53%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
B.A.G. Convergence Ltd. operates in Digital Media, within the IT sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 31 Mar 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
73Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 72nd percentile of the scored universe and 71st percentile within IT. Main check: cash conversion is weak at 40/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
0 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
72nd percentile
overall median 67 · IT: 71st pctile, median 69 · SME: 90th pctile, median 64
Evidence depth
Financial-only
0 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
40
weak · profit to cash conversion
Balance sheet
96
strong · leverage and solvency
Discipline
90
strong · capital discipline
Results
55
watch · quarterly consistency
Trust positives
- ▸Promoter holding is 65.9%.
- ▸Promoter pledge is zero.
- ▸Debt/equity is 0.00.
- ▸ROCE is 33%.
Trust risks
- ▸Operating cash flow is negative at ₹-15 Cr.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching B.A.G. Convergence Ltd.
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual report
Annual Report 2026
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.