AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Meeting Updates 30 Sep - Balaji Telefilms held its 32nd AGM on September 29, 2026; shareholders considered results, reappointment, and remuneration resolutions.
Source: Bse
Balaji Telefilms Limited (BALAJITELE)
Small CapMedia stocks · Small cap · NSE
Balaji Telefilms, incorporated in 1994, is a three-decade-old entertainment company spanning television, movies, and SVOD segments. Its digital wing focuses on B2C subscription/AVOD and B2B content, with a current B2B order book exceeding ₹350 crore. The company is known for culturally rich, audience-first narratives.
₹95.19
+2.55 · +2.75%
Market cap ₹1,112 Cr
Data qualityFresh enough for analysisQuote updated 21 Oct, 01:31 pm ISTDetails
Quote21 Oct, 01:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result13 Aug, 08:00 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage12/14 · 86%
Valuation2026-07-20 · Rf 6.8% · Media P/E 15.0 (n=57)
Technical timing lens
Trend score and candlestick chart
64BullishSMA20 -2.0% / mo · MACD + · sector +14.2pp vs Nifty 500 (3M)
Stock trend: 41
Sector RS: 100
Sector 3M: +8.2% vs Nifty 500 -6.0%
Media FPI tailwindBuilding
Latest FPI flow is positive, but a second consecutive positive fortnight is still required. View sector evidence
Technical chart
BALAJITELED candles · FIT view-3.5%TODAY · PROVISIONALLatest price ₹95.19 on 2026-10-21
Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.
Bar
+2.8%
RSI
60
MACD hist
0.35
52W pos
41%
2026-10-21O ₹92.64H ₹95.82L ₹90.50C ₹95.19Vol 4.5L shIntraday candle
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
BALAJITELENifty MediaNifty 500
- BALAJITELE
- +5.7%
- Nifty 500
- -5.6%
- Nifty Media
- +7.0%
- Vs Nifty 500
- +11.3 pp
Chart stats
19 Oct 2026- From 52W high
- -29.8%
- 52W range position
- 37%
- ATR (14)
- 3.8%
- Volume vs 20D
- 1.65x
- Avg traded value
- ₹1.1 Cr
- 20D price channel
- ₹85.1 - ₹97.5
₹132
₹69.5 - ₹132
₹3.5
Latest completed session
20-session average
28.8% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · OVERVALUED19
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Good55
Revenue +228.8% · PAT NDF YoY
Technical
Bullish64
Price trend and sector-relative-strength timing.
Valuation
Legacy model—
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence55
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 30 Jun 2026
Good · 55/100Rev +229% YoY · margin expansion · +400% QoQ
Filed 13 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹240 Cr | +228.8% | +400.0% |
| EBITDA | ₹26 Cr | +360.0% | +252.9% |
| Operating margin | 11.0% | +2400 bps | +4700 bps |
| PAT | ₹22 Cr | NDF | NDF |
| PAT margin | 9.2% | +1739 bps | +3834 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- —
- P/B
- 1.77
- EV/EBITDA
- —
- Market Cap
- 1112.00Cr
Profitability
- ROE
- -8.29%
- ROCE
- -10.10%
- ROA
- -2.45%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- -6.00%
- EPS 5Y
- 10.00%
- Revenue 3Y
- -29.00%
- EPS 3Y
- -5.00%
Balance Sheet
- Debt/Equity
- 0.03
- Interest Coverage
- -15.00×
- Altman Z
- 4.45
- Book Value
- 51.20
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 5/5
- OCF
- -73.00 Cr
- EPS TTM
- -1.75
Shareholding
- Promoter Hold
- 3.00%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 33%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 211-53.4% vs prev
Net Profit
₹ CrLatest: -50.0-158.8% vs prev
Return on Equity
%Latest: -8.0-161.9% vs prev
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
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 60. Wait for confirmation.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 falling (~1.8% over last month) — short-term momentum negative.
- RSI(14) at 60 — rising, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- 28% off 52W high · 37% 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
49
RS percentile
Stage 1 Base / Transition
1M return
-2.7%
3M return
+5.7%
6M return
-2.1%
1Y return
-19.5%
RS 1D
+6
RS 20D
+6
Sector rank
#15
Industry rank
#64
Stage evidence
- Price is within 1.4% of the 30-week proxy.
- The 30-week proxy changed -1.0% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price above
200-DMA
price above
Sector
lagging
Industry
lagging
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 74.16+3.06%
RS vs Nifty 50074
Valuation & peers
U-Score 19 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 19 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation2/30
Growth8/25
Quality0/20
Balance Sheet6/15
Cash Flow3/10
Piotroski
2/9 (+0)
Penalties
0
Raw sum
19
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
19/100 · legacy band OVERVALUED
Positive drivers
- Balance sheet contributes 6/15 to the score.
- Growth contributes 8/25 to the score.
- Cash flow contributes 3/10 to the score.
Main drags
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Valuation is weaker at 2/30; verify the latest quarterly trend.
- Cash flow is weaker at 3/10; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
—
PB
1.8
EV/EBITDA
—
ROE
-8.3%
ROCE
-10.1%
FCF Yield
—
Debt/Equity
0.0
MoS
—
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: 21 Oct 2026
v4.3-runtime-valuation
Final score
19
Previous: 19
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
—
No stored baseline yet
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
19
19
19
19
19
19
19
19
19
19
19
19
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
—
Growth-justified P/E
27.0
Growth-justified Value
—
— MoS
PEG
—
Comparable companies
Peers
Business-comparable peers in Media — 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
CREATIVEYE
Small
Creative Eye Limited
Media & Entertainment
match 83
9
—
-10.7%
—
OVERVALUED
DEN
Small
Den Networks Limited
Media & Entertainment
match 63
38
8.3
1.2%
-93%
WATCHLIST
SANDESH
Small
The Sandesh Limited
Media & Entertainment
match 61
40
7.0
4.8%
-38%
WATCHLIST
GTPL
Small
GTPL Hathway Limited
Media & Entertainment
match 60
35
—
1.4%
—
WATCHLIST
SIGNPOST
Small
Signpost India Limited
Media & Entertainment
match 60
60
18.7
27.6%
+21%
UNDERVALUED
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
Where growth can come from, and what can break the case
Thesis under stressReviewed 2026-10-10T07:45:35.567Z
Management commentary snapshot
Balaji Telefilms reported a significant revenue decline to ₹210.8 Cr in FY26 from ₹453.1 Cr in FY25, resulting in a PAT loss of ₹49.6 Cr for FY26 compared to a profit of ₹84.6 Cr in FY25. Q4 FY26 also saw a loss of ₹14.2 Cr on ₹47.6 Cr revenue.
The company's core financials are under severe stress, marked by a sharp annual revenue contraction and a return to significant losses. While strategic digital initiatives and a Netflix partnership are positive, their impact on profitability and top-line stabilization remains to be seen. The declining revenue per hour is a concern.
Current business mix
Revenue Distribution (FY26)
Latest issuer-disclosed distribution across 3 reported categories.
Films7.0%
Commissioned (incl. TV)76.0%
Digital (B2C)17.0%
Growth engines
Digital B2B Order Book
Digital business (B2B) order book of over Rs. 350 crores with leading OTT platforms.
Netflix Collaboration
Strategic long-term creative partnership with Netflix to develop diverse, high-quality content across formats.
New Digital Platforms & Apps
Launched AstroGuide astrology app and Kutingg, a new OTT platform for short-format content.
De-risked Movie Business Model
Rights are sold before movie release, recovering an average of 85-90% of production cost.
Capacity and execution
Balaji Studio Launch
Launched Balaji Studio, a bespoke & agile production platform for next-gen content & ideation for TV & Digital.
Hoonur Talent Management Vertical
Announced launch of ‘Hoonur’ – a new talent management vertical under Balaji Telefilms Digital.
Tailwinds
India M&E Sector Growth
India's M&E sector size in 2025 (US$32 bn), growing 9% YoY, outpacing nominal GDP per-capita growth.
Digital Media Dominance
Digital media revenues crossed INR 1 trillion+ in 2025, overtaking television as the largest M&E segment.
Growing Online Video Viewers
572 million online video viewers in India in 2025, up 4% YoY, with total streaming audience at 601 mn users.
Regional Content Demand
56% regional language content share in all digital content produced in 2025, reflecting strong non-Hindi growth.
Headwinds
Linear TV Decline
Linear TV advertising revenues declined 10.3% in 2025; subscription revenues fell 8.3% as Pay TV lost 11 mn homes.
Digital & Satellite Rights Value Decline
Digital & satellite rights values declined 8% and 10% respectively in 2025, as buyers focused on profitability.
Risk radar
Significant Revenue Contraction
Revenue from operations declined from ₹453.1 Cr in FY25 to ₹210.8 Cr in FY26.
Return to Net Losses
The company reported a Net Loss After Tax of ₹49.6 Cr in FY26, reversing a profit of ₹84.6 Cr in FY25.
Declining Revenue per Hour
Revenue per hour dropped from ₹34 Lacs in FY25 to ₹22 Lacs in FY26, indicating pricing or efficiency pressures.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare BOTH
Annual results show a dramatic decline in revenue and a shift to losses, indicating a structural challenge. Quarterly results, while showing sequential revenue growth, still reflect losses and a YoY revenue drop, highlighting ongoing operational pressures.
Sector KPIs management disclosed
Production Hours
408+ Production Hours in FY26
Movies Produced
1 Movie produced in FY26; 2 Movies under production
YouTube Subscribers
11mn+ YouTube Subscribers
Digital B2B Order Book
Order book of over Rs. 350 crores with leading OTT platforms
Management forward view
Digital Strategy Shift
Shift from SVOD to a hybrid (SVOD + AVOD) model to increase subscriber-base (B2C) and subscription-based revenue.
Content Diversification
Increased focus on content creation for streaming platforms and wider audiences, including regional languages.
Focus on IP Monetization
Resources to be focused towards creation & monetization of Intellectual Property, leveraging digital platforms.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Revenue from Operations | ₹210.8 Cr (FY26) | Stabilization and growth in top-line, especially from new digital initiatives and B2B order book execution. |
| Net Profit After Tax | ₹(49.6) Cr (FY26) | Progress towards profitability and reduction in losses, indicating effective cost management and revenue generation. |
| Digital B2B Order Book Conversion | ₹350 Cr | Timely execution and revenue recognition from the substantial digital B2B order book. |
| Revenue per Hour | ₹22 Lacs (FY26) | Improvement in revenue per hour, suggesting better content monetization or production efficiency. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
55Limited 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 16th percentile of the scored universe and 25th percentile within Media. Main check: results consistency is weak at 19/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
32 docs text-extracted · 6 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
16th percentile
overall median 67 · Media: 25th pctile, median 63 · Small: 18th pctile, median 66
Evidence depth
Financial-only
32 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
Needs extra due diligence; demand valuation comfort and recent improvement.
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
66
acceptable · holding, pledge, alignment
Cash flow
52
watch · profit to cash conversion
Balance sheet
88
strong · leverage and solvency
Discipline
40
weak · capital discipline
Results
19
weak · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸5 years of positive FCF.
- ▸Debt/equity is 0.03.
Trust risks
- ▸Operating cash flow is negative at ₹-73 Cr.
- ▸3 latest quarters had PAT decline worse than 25% YoY.
- ▸Promoter holding is only 3%.
- ▸ROCE is low at -9.5%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Balaji Telefilms Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 7 Sep - Advertisement of 32nd AGM of Balaji Telefilms Limited
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 4 Sep - Balaji Telefilms partners YouTube to launch five premium shows, spanning 200 episodes, starting festive season.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 9 Jul
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Monitoring Agency Report 13 Aug - Crisil report for quarter ended June 30, 2026 finds no deviation in preferential issue proceeds.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release 13 Aug - Q1 FY27 consolidated revenue Rs. 240.3 Cr, PBT Rs. 28 Cr; Netflix collaboration announced.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 15 Aug - Newspaper publication of UFR for quarter ended June 30, 2026
Source: Bse
Investor presentationMay 2026
May 2026 · PPT
Source: Bse
Concall transcriptMay 2026
May 2026 · Transcript
Source: Bse
Investor presentationMay 2026
May 2026 · PPT
Source: Bse
Concall transcriptMay 2026
May 2026 · Transcript
Source: Bse
Announcement
Compliances-Reg.24(A)-Annual Secretarial Compliance 29 May - Secretarial compliance report for FY2026 notes board, meeting and results delays; stock exchange fines paid.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.