Vertoz Q3 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹258 Cr
- P/E
- 9.79
- ROE
- 12.29%
- PEG
- 0.31
- Price to sales
- 0.86
- Debt to equity
- 0.38
- 52W high / low
- ₹75.2 / ₹28.2
- Sales growth (5Y)
- 38.61%
- EBITDA margin
- 17.78%
- Net profit margin
- 8.94%
- Promoter holding
- 64.80%
- Sales (last year)
- ₹303 Cr
Incorporated in 2012, Vertoz Ltd provides programmatic online advertising services and other allied services to domestic/ overseas clients[1]
Guidance scorecard · Q3 FY26 call
What Vertoz Ltd's management guided
and where it ranks in Media
Media
RevenueQ3 FY26 call
10–20%- Vertoz expects sustainable revenue growth aligned with the growth of the last two quarters.
- For Q3 FY ‘26, consolidated revenue was INR75.42 crores, up 14% year-on-year.
- Stand-alone revenue grew 22% year-on-year to INR20.30 crores in the same period.
- Growth driven by improved execution, cost discipline, and better use of scale across digital services.
- The company is focusing on strengthening operating fundamentals and aligning business positioning with market perception.
- Acquisition of Webimax (U.S.-based AI-driven marketing firm) expected to add INR87 crores revenue and enhance capabilities.
2 more points from Vertoz Ltd's call on revenue
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MarginsQ3 FY26 call
FlatSee what Vertoz Ltd said on margins — free account, 30 seconds.
CapexQ3 FY26 call
Planned- The company emphasizes a focus on long-term strategic acquisitions but only proceeds if the fit and price are right, indicating a cautious approach to investments.
- Highlighted is the acquisition of Webimax, which is strategic for scaling operations and capability expansion, with expected cash flows and synergies over 18 to 30 months.
- The company is concentrating on strengthening core operations, cost discipline, and improving margins rather than immediate capital spending.
FundraisingQ3 FY26 call
See what Vertoz Ltd said on fundraising — free account, 30 seconds.
Order bookQ3 FY26 call
Ask what Vertoz Ltd said on the order book →
Full Q3 FY26 analysisRanges 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 Media
on management's own guidance
- Bright Outdoor Media LtdGood growth2
- Strong growth1
- Signpost IndiaGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Media companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹32 Cr | 11.6 | |
| 2 | Bright Outdoor Media Ltd | 20–40% | Up 2%+ | ₹742 Cr | 29.7 |
| 3 | Signpost India | 20–40% | Up 0–2% | ₹1,350 Cr | 18.4 |
| 4 | 20–40% | Flat | ₹531 Cr | 31.8 | |
| 5 | 20–40% | Flat | ₹222 Cr | 14.0 | |
| 6 | 20–40% | Flat | ₹64 Cr | 18.4 |
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Pro shows every company guiding 40%+ revenue growth →Full Media rankingFinancials of Vertoz Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Vertoz Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 21.58 | 34.32 | 33.92 | 37.66 | 55.23 | 45.66 | 60.17 | 63.65 | 66.20 | 65.18 | 70.49 | 72.26 | 75.42 |
| Expenses + | 17.24 | 27.87 | 30.00 | 31.06 | 49.18 | 39.01 | 51.24 | 56.83 | 57.92 | 52.79 | 60.50 | 61.83 | 61.95 |
| Operating Profit | 4.34 | 6.45 | 3.92 | 6.60 | 6.05 | 6.65 | 8.93 | 6.82 | 8.28 | 12.39 | 9.99 | 10.43 | 13.47 |
| OPM % | 20.11% | 18.79% | 11.56% | 17.53% | 10.95% | 14.56% | 14.84% | 10.71% | 12.51% | 19.01% | 14.17% | 14.43% | 17.86% |
| Other Income + | 0.37 | -0.03 | 1.08 | 0.24 | 0.10 | 0.17 | 0.15 | 3.39 | 1.60 | 1.84 | 0.41 | 2.51 | 0.79 |
| Interest | 0.31 | 0.73 | 0.50 | 0.76 | 0.08 | 0.18 | 0.45 | 0.72 | 0.69 | 0.31 | 0.52 | 1.65 | 1.46 |
| Depreciation | 0.66 | 0.64 | 0.62 | 0.83 | 1.31 | 2.93 | 2.79 | 2.41 | 1.22 | 6.93 | 2.53 | 3.28 | 5.06 |
| Profit before tax | 3.74 | 5.05 | 3.88 | 5.25 | 4.76 | 3.71 | 5.84 | 7.08 | 7.97 | 6.99 | 7.35 | 8.01 | 7.74 |
| Tax % | 14.44% | 18.81% | 8.51% | 2.29% | 5.25% | -26.15% | 1.71% | 7.20% | 7.78% | 14.02% | 11.84% | 9.74% | 20.28% |
| Net Profit + | 3.20 | 4.10 | 3.54 | 5.13 | 4.51 | 4.69 | 5.74 | 6.57 | 7.35 | 6.01 | 6.47 | 7.24 | 6.16 |
| EPS in Rs | 1.33 | 1.71 | 1.48 | 1.39 | 1.41 | 0.56 | 0.63 | 0.77 | 0.86 | 0.81 | 0.75 | 0.80 | 0.73 |
Financials of Vertoz Ltd
Profit & Loss
Annual income statement trend
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 12 | 20 | 37 | 46 | 41 | 57 | 42 | 83 | 155 | 254 | 283 |
| Expenses + | 11 | 15 | 29 | 36 | 34 | 45 | 31 | 65 | 134 | 216 | 237 |
| Operating Profit | 1 | 5 | 8 | 11 | 7 | 12 | 11 | 18 | 22 | 38 | 46 |
| OPM % | 5% | 25% | 22% | 23% | 17% | 22% | 27% | 21% | 14% | 15% | 16% |
| Other Income + | 0 | 0 | 1 | 1 | 2 | 2 | 1 | 1 | 2 | 5 | 6 |
| Interest | 0 | 1 | 1 | 0 | 1 | 1 | 1 | 2 | 2 | 2 | 4 |
| Depreciation | 0 | 1 | 1 | 2 | 2 | 4 | 3 | 3 | 6 | 13 | 18 |
| Profit before tax | 0 | 4 | 7 | 9 | 5 | 9 | 8 | 14 | 16 | 28 | 30 |
| Tax % | 12% | 21% | 15% | 16% | 22% | 12% | 21% | 21% | -2% | 8% | |
| Net Profit + | 0 | 3 | 6 | 7 | 4 | 8 | 6 | 11 | 16 | 26 | 26 |
| EPS in Rs | 2.39 | 3.06 | 1.69 | 3.41 | 2.54 | 4.60 | 1.88 | 3.05 | 3.09 | ||
| Dividend Payout % | -0% | -0% | -0% | 1% | 3% | -0% | -0% | -0% | -0% | -0% |
Financials of Vertoz Ltd
Balance Sheet
Capital structure and asset base
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.02 | 0.02 | 6 | 6 | 12 | 12 | 12 | 12 | 42 | 85 | 85 |
| Reserves | 1 | 4 | 22 | 30 | 38 | 46 | 54 | 90 | 116 | 105 | 144 |
| Borrowings + | 0 | 4 | 3 | 6 | 12 | 14 | 10 | 9 | 17 | 21 | 18 |
| Other Liabilities + | 4 | 8 | 10 | 10 | 10 | 12 | 10 | 19 | 22 | 42 | 53 |
| Total Liabilities | 5 | 16 | 41 | 52 | 72 | 84 | 86 | 130 | 198 | 254 | 301 |
| Fixed Assets + | 1 | 6 | 10 | 9 | 59 | 56 | 55 | 57 | 93 | 86 | 116 |
| CWIP | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Investments | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 5 | 0 | 0 |
| Other Assets + | 4 | 11 | 32 | 43 | 13 | 27 | 31 | 73 | 100 | 168 | 184 |
| Total Assets | 5 | 16 | 41 | 52 | 72 | 84 | 86 | 130 | 198 | 254 | 301 |
Financials of Vertoz Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 2 | 5 | -5 | -8 | 49 | -3 | 2 | -15 | 7 | 8 |
| Cash from Investing Activity + | -1 | -6 | -5 | -0 | -49 | 3 | -0 | 1 | -44 | 9 |
| Cash from Financing Activity + | 0 | 1 | 19 | -1 | -1 | -1 | -2 | 18 | 41 | -15 |
| Net Cash Flow | 2 | 0 | 10 | -9 | -1 | -0 | -0 | 3 | 4 | 2 |
| Free Cash Flow | 2 | 2 | -10 | -9 | -1 | -1 | 1 | -16 | -34 | 5 |
| CFO/OP | 384% | 108% | -45% | -61% | 735% | -12% | 36% | -71% | 37% | 30% |
Financials of Vertoz Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 37 | 128 | 176 | 106 | 83 | 149 | 230 | 166 | 125 | 88 |
| Inventory Days | -0 | |||||||||
| Days Payable | ||||||||||
| Cash Conversion Cycle | 37 | 128 | 176 | 106 | 83 | 149 | 230 | 166 | 125 | 88 |
| Working Capital Days | -77 | -60 | 71 | 193 | -84 | 5 | 87 | 171 | 117 | 125 |
| ROCE % | 95% | 36% | 25% | 13% | 16% | 12% | 17% | 12% | 15% |
Guidance history
How Vertoz Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q3 FY26 call → | 10–20% | Flat | Planned | — | — |
| Q2 FY26 call → | 20–40% | Flat | Planned | — | — |
| Q1 FY26 call → | 20–40% | Flat | Planned | — | — |
| Q4 FY25 call → | 20–40% | — | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Continue your research
What Vertoz Ltd's management said in earlier quarters
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