Balaji Telefilms Q4 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹1,066 Cr
- ROE
- -8.29%
- Price to sales
- 2.81
- Debt to equity
- 0.03
- 52W high / low
- ₹128 / ₹71.1
- Sales growth (5Y)
- -6.42%
- EBITDA margin
- -7.99%
- Net profit margin
- -25.20%
- Promoter holding
- 31.30%
- Sales (last year)
- ₹378 Cr
Incorporated in 1994, Balaji Telefilms Ltd is in the business of production of TV content, Films, event business, B2C and B2B digital content business and operates a SVOD, OTT platform, etc.[1]
Guidance scorecard · Q4 FY26 call
What Balaji Telefilms Ltd's management guided
and where it ranks in Entertainment
Entertainment
RevenueQ4 FY26 call
20–40%- FY27 revenue expected around INR 800 crores, driven largely by motion pictures contributing ~50%.
- Commissioned shows for TV and OTT (B2B) to increase from INR 160 crores (FY26) to INR 330 crores (FY27).
- Motion Pictures top line expected to grow significantly to around INR 400 crores in FY27 from INR 15 crores in FY26.
- Digital business (B2C IP-owned content) anticipated to contribute around INR 100 crores in FY27.
- New digital formats like vertical micro dramas and expanded OTT partnerships to drive medium-term growth.
- Television expected to recover gradually but remain the least contributor over next 2-3 years.
- FY27 marked as execution-focused with improved content monetization and business normalization.
2 more points from Balaji Telefilms Ltd's call on revenue
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MarginsQ4 FY26 call
FlatSee what Balaji Telefilms Ltd said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- Balaji Telefilms is focusing on capital allocation with disciplined investment prioritizing turnaround time (TAT) and return on capital, especially in motion pictures.
- Motion pictures have a strong 3-year pipeline of 17 movies with 4 to 6 movies releasing annually; about 50% of cost of production (COP) is presold, reducing risk.
- Typically, INR125-150 crores of capital is invested at any time in motion pictures, with digital business requiring INR10-15 crores for working capital.
- Investments in digital content are mainly through commissioned shows funded by OTT platforms; capital locked is around INR50-55 crores.
- AI and automation investments are underway with an in-house AI team focused on content production efficiency, including AI-generated music and VFX development.
2 more points from Balaji Telefilms Ltd's call on capex
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FundraisingQ4 FY26 call
See what Balaji Telefilms Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
Rising- The company has an order book of approximately INR 350 crores under the commissioned shows line (TV plus OTT, B2B business).
- They expect to realize over INR 135 crores from this order book in the ongoing financial year FY27.
- Additionally, around INR 50 crores of new orders gets added each quarter.
2 more points from Balaji Telefilms Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Entertainment
on management's own guidance
- Digikore Studios LtdGood growth2
- Phantom DigitalGood growth1
- Saregama India LtdGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Entertainment companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | Phantom Digital | 20–40% | Up 2%+ | ₹156 Cr | 4.8 |
| 2 | Digikore Studios Ltd | 20–40% | Up 2%+ | ₹42 Cr | 3.3 |
| 3 | Saregama India Ltd | 20–40% | Flat | ₹9,718 Cr | 42.6 |
| 4 | Balaji TelefilmsThis stock | 20–40% | Flat | ₹1,108 Cr | — |
| 5 | 20–40% | Flat | ₹520 Cr | 10.8 | |
| 6 | 20–40% | Flat | ₹472 Cr | 18.2 |
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Pro shows every company guiding 40%+ revenue growth →Full Entertainment rankingFinancials of Balaji Telefilms Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Balaji Telefilms Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 145 | 152 | 200 | 138 | 135 | 149 | 144 | 93 | 66 | 73 | 49 | 42 | 48 |
| Expenses + | 133 | 131 | 181 | 134 | 133 | 145 | 133 | 104 | 85 | 83 | 56 | 73 | 65 |
| Operating Profit | 11 | 21 | 18 | 4 | 2 | 4 | 12 | -11 | -19 | -10 | -7 | -32 | -17 |
| OPM % | 8% | 14% | 9% | 3% | 2% | 3% | 8% | -12% | -29% | -13% | -14% | -76% | -36% |
| Other Income + | 9 | 1 | 4 | 1 | 1 | 1 | 2 | 1 | 10 | 4 | 3 | 2 | 1 |
| Interest | 3 | 3 | 3 | 2 | 2 | 2 | 1 | 0 | 0 | 0 | 1 | 0 | 1 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 15 | 17 | 17 | 1 | -1 | 2 | 11 | -12 | -11 | -8 | -7 | -32 | -18 |
| Tax % | 50% | 37% | 31% | 123% | 86% | 210% | 57% | -3% | -976% | -24% | -24% | -22% | -22% |
| Net Profit + | 8 | 11 | 12 | -0 | -3 | -2 | 5 | -12 | 94 | -6 | -5 | -25 | -14 |
| EPS in Rs | 0.69 | 1.04 | 1.17 | -0.01 | -0.25 | -0.07 | 0.56 | -1.16 | 7.85 | -0.48 | -0.40 | -2.04 | -1.15 |
Financials of Balaji Telefilms Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 346 | 293 | 419 | 413 | 428 | 574 | 294 | 337 | 593 | 625 | 453 | 211 |
| Expenses + | 340 | 288 | 438 | 465 | 533 | 563 | 398 | 459 | 612 | 579 | 467 | 277 |
| Operating Profit | 6 | 5 | -20 | -52 | -105 | 11 | -104 | -122 | -19 | 46 | -14 | -66 |
| OPM % | 2% | 2% | -5% | -13% | -25% | 2% | -35% | -36% | -3% | 7% | -3% | -31% |
| Other Income + | 11 | 13 | 20 | 10 | 32 | 9 | 24 | 7 | 13 | 6 | 14 | 10 |
| Interest | 0 | 0 | 1 | 0 | 0 | 3 | 2 | 2 | 8 | 11 | 3 | 2 |
| Depreciation | 8 | 9 | 13 | 18 | 18 | 39 | 29 | 15 | 10 | 8 | 8 | 7 |
| Profit before tax | 8 | 9 | -13 | -60 | -91 | -22 | -110 | -131 | -24 | 33 | -10 | -64 |
| Tax % | 34% | 140% | 131% | -22% | 7% | 166% | 8% | 2% | 57% | 42% | -930% | -22% |
| Net Profit + | 6 | -4 | -30 | -46 | -98 | -59 | -119 | -133 | -38 | 19 | 85 | -50 |
| EPS in Rs | 0.86 | -0.47 | -3.71 | -4.46 | -9.63 | -5.81 | -11.75 | -13.09 | -3.67 | 1.95 | 7.28 | -4.03 |
| Dividend Payout % | 70% | -254% | -11% | -9% | -4% | -7% | -2% | -2% | 0% | 0% | 0% | 0% |
Financials of Balaji Telefilms Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13 | 15 | 15 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 24 | 24 |
| Reserves | 369 | 520 | 492 | 833 | 742 | 672 | 553 | 424 | 386 | 411 | 633 | 600 |
| Borrowings + | 0 | 0 | 0 | 0 | 0 | 30 | 5 | 48 | 105 | 79 | 8 | 19 |
| Other Liabilities + | 48 | 74 | 121 | 96 | 118 | 166 | 189 | 186 | 183 | 198 | 137 | 211 |
| Total Liabilities | 430 | 609 | 628 | 949 | 880 | 888 | 767 | 679 | 694 | 709 | 802 | 854 |
| Fixed Assets + | 28 | 34 | 36 | 42 | 38 | 59 | 27 | 22 | 22 | 22 | 13 | 17 |
| CWIP | 0 | 2 | 11 | 2 | 1 | 2 | 0 | 0 | 0 | 0 | 1 | 0 |
| Investments | 177 | 218 | 198 | 474 | 300 | 126 | 43 | 19 | 10 | 30 | 174 | 110 |
| Other Assets + | 224 | 355 | 384 | 431 | 542 | 701 | 697 | 638 | 662 | 656 | 614 | 727 |
| Total Assets | 430 | 609 | 628 | 949 | 880 | 888 | 767 | 679 | 694 | 709 | 802 | 854 |
Financials of Balaji Telefilms Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -2 | -107 | -13 | -104 | -178 | -134 | -10 | -120 | -47 | 66 | 52 | |
| Cash from Investing Activity + | 10 | -22 | 12 | -275 | 183 | 168 | 84 | 19 | 13 | -18 | -137 | |
| Cash from Financing Activity + | -5 | 135 | 0 | 391 | -5 | -33 | -16 | 35 | 44 | -32 | 58 | |
| Net Cash Flow | 4 | 6 | -1 | 12 | -0 | 1 | 58 | -65 | 10 | 16 | -27 | |
| Free Cash Flow | -17 | -124 | -36 | -119 | -191 | -145 | -12 | -122 | -41 | 59 | 52 | |
| CFO/OP | -10% | -1,696% | 43% | 168% | 151% | -1,219% | 15% | 91% | 123% | 196% | -397% |
Financials of Balaji Telefilms Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 71 | 101 | 85 | 83 | 84 | 112 | 149 | 123 | 95 | 78 | 75 | 103 |
| Inventory Days | 192 | 1,316 | 2,094 | 1,439 | 751 | |||||||
| Days Payable | 93 | 963 | 1,219 | 1,099 | 430 | |||||||
| Cash Conversion Cycle | 71 | 200 | 439 | 958 | 84 | 453 | 149 | 123 | 95 | 78 | 395 | 103 |
| Working Capital Days | 100 | 228 | 144 | 174 | 262 | 270 | 343 | 270 | 98 | 94 | 176 | 587 |
| ROCE % | 1% | -0% | -4% | -7% | -11% | -3% | -18% | -24% | -5% | 8% | -1% | -10% |
Guidance history
How Balaji Telefilms Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 20–40% | Flat | Planned | — | Rising |
| Q2 FY26 call → | 10–20% | Flat | Planned | None planned | Rising |
| Q1 FY26 call → | 10–20% | — | Planned | Planned | Rising |
| Q3 FY21 call → | 10–20% | Flat | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
22 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −22.8% | 35% |
| Last 6 months | −11.2% | 37% |
| Last 3 months | +4.6% | 75% |
The price is 75% below its all-time high of ₹349.85 (7 Dec 2007). Stocks more than 20% below their peak have their score halved, so 44 became 22.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Balaji Telefilms Ltd: 0.4 × 35 + 0.4 × 37 + 0.2 × 75 = 44, halved to 22 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Balaji Telefilms Ltd's management said in earlier quarters
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