Crystal Business System
SADHNABROADCASTLTD NSE
Crystal Business System
MediaNSE: SADHNABROADCASTLTD BSE: 540821 TV Broadcasting & Media
Key Fundamentals
MicrocapTV Broadcasting & MediaMediaMarket Cap
₹20.50 Cr
Volatility
Moderate
P/E Ratio
-203
EBITDA
₹0.35 Cr
Return on Equity
5.94%
Debt to Equity
0.19
Book Value
₹1.51
EPS
₹0.03
52W High
₹3.47
52W Low
₹1.33
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company has reduced debt.
Weaknesses
7- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -17.3% over past five years.
- Promoter holding is low: 25.5%
- Company has a low return on equity of 3.16% over last 3 years.
- Company has high debtors of 373 days.
- Working capital days have increased from 175 days to 312 days
Growth Rate
Revenue Growth
-50.68% lower than
3Y
Net Income Growth
-74.44% lower than
3Y
Cash Flow Change
-630% lower than
3Y
ROE
165% higher than
3Y
ROCE
201% lower than
3Y
EBITDA Margin (Avg.)
-65.34% lower than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4.05 | 5.44 | 2.04 | 3.88 | 2.87 | 3.91 | 3.98 | 6.46 | 1.6 | 1.58 | 0.9 | 4.6 | 0.98 |
| Expenses | 3.78 | 4.03 | 3.75 | 3.01 | 2.67 | 2.97 | 2.11 | 7.92 | 2.23 | 2.31 | 2.48 | 1.3 | 1.83 |
| Operating Profit | 0.27 | 1.41 | -1.71 | 0.87 | 0.2 | 0.94 | 1.87 | -1.46 | -0.63 | -0.73 | -1.58 | 3.3 | -0.85 |
| OPM % | 6.67% | 25.92% | -83.82% | 22.42% | 6.97% | 24.04% | 46.98% | -22.6% | -39.38% | -46.2% | -175.56% | 71.74% | -86.73% |
| Other Income | 0 | -0.01 | 0.02 | 0.06 | 0 | 0.15 | 0.1 | 0.13 | 0.11 | 0.1 | 0.11 | 0.13 | 0.04 |
| Interest | 0 | 0 | 0 | 0.01 | 0 | 0.03 | 0.04 | 0.05 | 0.03 | 0.03 | 0.03 | 0.05 | 0.01 |
| Depreciation | 0.09 | 0.09 | 0.1 | 0.13 | 0.11 | 0.11 | 0.11 | 0.12 | 0.09 | 0.09 | 0.09 | 0.04 | 0.07 |
| PBT | 0.18 | 1.31 | -1.79 | 0.79 | 0.09 | 0.95 | 1.82 | -1.5 | -0.64 | -0.75 | -1.59 | 3.34 | -0.89 |
| Tax % | 22.22% | 25.19% | 0% | -29.11% | 22.22% | 25.26% | 24.18% | -16% | 0% | -6.67% | 8.18% | 4.49% | 0% |
| Net Profit | 0.13 | 0.98 | -1.79 | 1.01 | 0.07 | 0.71 | 1.39 | -1.27 | -0.63 | -0.7 | -1.72 | 3.19 | -0.89 |
| EPS in Rs | 0.01 | 0.1 | -0.18 | 0.1 | 0.01 | 0.07 | 0.14 | -0.13 | -0.06 | -0.07 | -0.17 | 0.32 | -0.09 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 23.41 | 24.25 | 36.13 | 55.23 | 55.41 | 34.53 | 22.48 | 23.89 | 18.94 | 15.41 | 17.12 | 8.68 | 8.06 |
| Expenses | 22.92 | 23.74 | 35.25 | 53.47 | 53.26 | 32.86 | 22.2 | 24.24 | 19.12 | 14.58 | 15.55 | 8.31 | 7.92 |
| Operating Profit | 0.49 | 0.51 | 0.88 | 1.76 | 2.15 | 1.67 | 0.28 | -0.35 | -0.18 | 0.83 | 1.57 | 0.37 | 0.14 |
| OPM % | 2.09% | 2.1% | 2.44% | 3.19% | 3.88% | 4.84% | 1.25% | -1.47% | -0.95% | 5.39% | 9.17% | 4.26% | 1.74% |
| Other Income | 0 | 0.07 | 0.04 | 0 | 0 | 0.03 | 0.02 | 1.19 | 0.88 | 0.08 | 0.39 | 0.46 | 0.38 |
| Interest | 0 | 0 | 0.01 | 0.04 | 0.02 | 0.02 | 0.02 | 0 | 0 | 0.02 | 0.14 | 0.13 | 0.12 |
| Depreciation | 0 | 0.01 | 0.03 | 0.05 | 0.21 | 0.47 | 0.41 | 0.47 | 0.46 | 0.42 | 0.46 | 0.36 | 0.29 |
| PBT | 0.49 | 0.57 | 0.88 | 1.67 | 1.92 | 1.21 | -0.13 | 0.37 | 0.24 | 0.47 | 1.36 | 0.34 | 0.11 |
| Tax % | 30.61% | 31.58% | 34.09% | 34.13% | 27.08% | 28.1% | -15.38% | 16.22% | 150% | 29.79% | 33.09% | 67.65% | — |
| Net Profit | 0.34 | 0.39 | 0.59 | 1.1 | 1.4 | 0.88 | -0.11 | 0.31 | -0.12 | 0.34 | 0.91 | 0.12 | -0.12 |
| EPS in Rs | — | — | — | 0.11 | 0.14 | 0.09 | -0.01 | 0.03 | -0.01 | 0.03 | 0.09 | 0.01 | -0.01 |
| Div. Payout % | 0% | 2.5% | 0% | 22.8% | 1.43% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | 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 | 3.25 | 9.75 | 10.03 | 10.03 | 10.03 | 10.03 | 10.03 | 10.03 | 10.03 | 10.03 | 10.03 | 10.03 |
| Reserves | 0.34 | 0.99 | 1.3 | 2.09 | 3.46 | 4.32 | 4.21 | 4.52 | 4.15 | 4.99 | 5.21 | 5.07 |
| Borrowings | 0 | 1 | 1.96 | 4.06 | 6.11 | 2.5 | 3.09 | 5.25 | 3.2 | 2.49 | 3.83 | 2.82 |
| Other Liabilities | 13.15 | 10.4 | 20.46 | 13.15 | 20.14 | 11.64 | 8.48 | 8.86 | 9.47 | 7.99 | 5.52 | 4.58 |
| Total Liabilities | 16.74 | 22.14 | 33.75 | 29.33 | 39.74 | 28.49 | 25.81 | 28.66 | 26.85 | 25.5 | 24.59 | 22.5 |
| Fixed Assets | 0.03 | 0.04 | 0.2 | 0.44 | 2.06 | 1.83 | 1.86 | 2.16 | 1.82 | 1.82 | 1.45 | 1.18 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.02 | 0.09 | 0.07 |
| Investments | 0.85 | 0.85 | 0.85 | 0.85 | 0.85 | 0.85 | 4.87 | 7.96 | 7.71 | 8.4 | 5.35 | 5.09 |
| Other Assets | 15.86 | 21.25 | 32.7 | 28.04 | 36.83 | 25.81 | 19.08 | 18.54 | 17.32 | 15.26 | 17.7 | 16.16 |
| Total Assets | 16.74 | 22.14 | 33.75 | 29.33 | 39.74 | 28.49 | 25.81 | 28.66 | 26.85 | 25.5 | 24.59 | 22.5 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 0.25 | 6.52 | -1.68 | -13.49 | -1.13 | 3.81 | 4.43 | 1.59 | 4.97 | 0.66 | -3.5 | 0.93 |
| Investing | -0.88 | 0.05 | -0.19 | -0.29 | -1.83 | -0.23 | -4.47 | -3.87 | -0.12 | -0.43 | 1.88 | 0.35 |
| Financing | -0.95 | 7.82 | 0.5 | 1.79 | 2.03 | -3.63 | 0.59 | 2.28 | -5.72 | 0.2 | 1.15 | -1.12 |
| Net Cash Flow | -1.59 | 14.39 | -1.37 | -11.99 | -0.94 | -0.05 | 0.55 | 0 | -0.87 | 0.42 | -0.46 | 0.17 |
| Free Cash Flow | 0.22 | 6.5 | -1.87 | -13.78 | -2.96 | 3.58 | 3.98 | 0.82 | 4.85 | 0.23 | -3.66 | 0.87 |
| CFO/OP | 141 | 1,359 | -158 | -738 | -49 | 250 | 1,582 | -454 | -2,761 | 106 | -208 | 362 |
Ratios
| Particulars | 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 | 155 | 16.11 | 129 | 88.23 | 131 | 60.78 | 110 | 88.92 | 138 | 138 | 123 | 373 |
| Inventory Days | — | — | — | — | 36.66 | 70.35 | — | — | — | — | — | — |
| Days Payable | — | — | — | — | 966 | 360 | — | — | — | — | — | — |
| Cash Conversion Cycle | 155 | 16.11 | 129 | 88.23 | -798 | -229 | 110 | 88.92 | 138 | 138 | 123 | 373 |
| Working Capital Days | 36.95 | -77.52 | -31.72 | 56.17 | 44 | 87.84 | 68.03 | 131 | 71.69 | 59.45 | 154 | 312 |
| ROCE % | 14.33% | 7.44% | 7.11% | 11.61% | 10.84% | 6.75% | -0.64% | 2.59% | 3.55% | 3.21% | 8.2% | 2.54% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Crystal Business System insights
62 extracted metrics + investor summaries across FY10–FY26.
Documents
2
Board Meeting Outcome for Revised Outcome
11 Sep - Board approved FY26 report, AGM notice for 28 Sep 2026, book closure and director regularization. 11 Sep - Board approved FY26 report, AGM notice for 28 Sep 2026, book closure and director regularization.
3
Clarification sought from Crystal Business System Ltd
2d - Exchange has sought clarification from Crystal Business System Ltd on May 12, 2026, with reference to Movement in Price. 2d - Exchange has sought clarification from Crystal Business System Ltd on May 12, 2026, with reference to Movement in Price.
4
Board Meeting Intimation for Prior Intimation Of Board Meeting Under Regulation 29 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 And Information Regarding Reopening Of Trading Window Of Equity Shares Of The Company
12h - Board meets on 15 May 2026 to approve audited FY26 results; trading window reopens 18 May 2026. 12h - Board meets on 15 May 2026 to approve audited FY26 results; trading window reopens 18 May 2026.
5
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
8 May - Hobin Duggal resigned as Company Secretary and Compliance Officer effective 8 May 2026. 8 May - Hobin Duggal resigned as Company Secretary and Compliance Officer effective 8 May 2026.
Frequently Asked Questions about Crystal Business System
What does Crystal Business System Ltd do?
Incorporated in 1994, Crystal Business System Ltd is in the business of launching television
channels.[1]
Where is Crystal Business System Ltd (540821) listed?
Crystal Business System Ltd trades as SADHNABROADCASTLTD on the NSE and under code 540821 on the BSE.
Which sector does Crystal Business System Ltd belong to?
Crystal Business System Ltd is classified under the Media sector, in the TV Broadcasting & Media industry.
What is the market capitalisation of Crystal Business System Ltd?
Crystal Business System Ltd has a market capitalisation of ₹20.5 Cr, which places it in the Small Cap band.
What is the PE ratio of Crystal Business System Ltd?
Crystal Business System Ltd trades at a PE ratio of -203.00, on earnings per share of ₹0.03, against a book value of ₹1.51 per share.
What is the 52-week high and low of Crystal Business System Ltd?
Over the last 52 weeks Crystal Business System Ltd has traded between ₹1.33 and ₹3.47.
What is the Return on Equity (ROE) of Crystal Business System Ltd?
Crystal Business System Ltd reported a return on equity of 5.94%. Its debt-to-equity ratio is 0.19.
Company Information
Incorporated in 1994, Crystal Business System Ltd is in the business of launching television channels.[1]
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