Brainbees Solutions Ltd logo

Brainbees Solutions Ltd

FIRSTCRY NSE

Founded in 2010, Brainbees Solutions Limited offers products for mothers, babies, and kids through its online platform 'FirstCry'.[1]

AI Verdict: HOLD Confidence: 4%

Brainbees Solutions (FirstCry) shows strong revenue growth at 15% CAGR over 3 years and improving losses (profit growth 30% TTM), but remains unprofitable with negative ROE of -4.56% and a PE of -56.8x. At a market cap of Rs.11,598 Cr with 35% stock decline in one year, the risk-reward is balanced but tilted toward caution until profitability is demonstrated.

Key Fundamentals

Volatility
Moderate
EBITDA
₹212 Cr
Return on Equity
-8.48%
Debt to Equity
0.38
EPS
₹0
52W High
₹438.7
52W Low
₹207.05

Technical Indicators

Key Insights

Weaknesses

3
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -4.56% over last 3 years.
  • Earnings include an other income of Rs.134 Cr.

Growth Rate

Revenue Growth
9.45% ↗
Net Income Growth
-23.24% ↗
Cash Flow Change
-98.36% ↘
ROE
-40.80% ↘
ROCE
-68.59% ↗
EBITDA Margin (Avg.)
-50.10% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 1d ago
HOLD
Risk high

Brainbees Solutions (FirstCry) shows strong revenue growth at 15% CAGR over 3 years and improving losses (profit growth 30% TTM), but remains unprofitable with negative ROE of -4.56% and a PE of -56.8x. At a market cap of Rs.11,598 Cr with 35% stock decline in one year, the risk-reward is balanced but tilted toward caution until profitability is demonstrated.

Bull Case 7
  • Revenue compounding at 15% CAGR over 3 years and 40% CAGR over 5 years, indicating strong top-line momentum in the baby and kids retail segment
  • TTM profit growth of 30% signals narrowing losses and a visible path toward breakeven
  • TTM sales growth of 12% continues to outpace broader retail sector averages despite a high base
  • 50% of analyst ratings are Buy (3 out of 6 analysts), reflecting some institutional confidence in the long-term story
  • Price-to-book of 2.39x is relatively moderate for a consumer tech-platform play, suggesting valuation is not excessively stretched on an asset basis
  • Stock has corrected 35% over 1 year from highs, providing a potentially better entry point for long-term investors
  • Market cap of Rs.11,598 Cr positions it as a mid-cap with room for re-rating if profitability inflects
Bear Case 8
  • Company remains loss-making with a negative PE of -56.8x, meaning investors are paying a premium for a business that has not yet proven earnings power
  • 3-year average ROE of -4.56% indicates sustained destruction of shareholder value with no positive return on invested capital
  • Low interest coverage ratio highlights debt-servicing risk and limited financial flexibility
  • Earnings quality is questionable as other income of Rs.134 Cr forms a significant portion, flattering the headline loss figure
  • Zero dividend yield with no visibility on when capital returns to shareholders could begin
  • Stock has declined 35% in one year, reflecting market skepticism about near-term profitability
  • 33% of analysts (2 out of 6) rate the stock a Sell, indicating meaningful institutional concern
  • 5-year ROE averages -6%, suggesting the business model has structurally struggled to generate positive equity returns even at scale

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 14h ago
Headwinds 3
  • Sequential loss widening in Q4 May 26

    Net loss widened to ₹30.30 crore in Q4FY26 from ₹28.43 crore in Q3FY26, while revenue fell 11% sequentially from ₹2,424 crore to ₹2,163 crore.

  • International competition from e-commerce players May 26

    Two horizontal e-commerce players entered international markets in 2024 with elevated promotional activities, creating competitive pressure on Brainbees' overseas business.

  • Globalbees brand rationalization ongoing May 26

    GlobalBees is still completing rationalization of underperforming brands, expected by Q1 FY27, indicating continued drag from non-core segments.

Positives 6
  • Q4 YoY loss narrows 57% May 26

    Net loss narrowed 57% YoY to ₹30.30 crore in Q4FY26 from ₹77 crore in Q4FY25, with revenue growing 12% to ₹2,163 crore.

  • PAT and FCF positive for FY26 May 26

    Brainbees achieved PAT and Free Cash Flow positive status for full-year FY26, with cash profit after tax increasing 49% YoY to ₹3,119 million.

  • Adjusted EBITDA up 24% in FY26 May 26

    Adjusted EBITDA grew 24% to ₹4,860 million for FY26, with margin improving to 5.5% in Q4FY26 from 5.2% in Q4FY25.

  • GMV growth accelerating mid-teens May 26

    GMV reached ₹11,643 crore for FY26 (up 10%), with Q4FY26 GMV growth in mid-teens showing sequential acceleration in YoY growth rates.

  • Globalbees core up 28% YoY May 26

    Globalbees core categories achieved 28% YoY growth in FY26 with ₹92 crore adjusted EBITDA, while adjusted EBITDA losses reduced 35% YoY.

  • Management guides superior FY27 growth May 26

    Management expects superior growth in FY27 across all segments, driven by expansion of delivery initiatives and offline channels.

Neutral 2
  • Seasonal Q4 revenue decline typical May 26

    The 11% sequential revenue decline from Q3 to Q4 reflects typical seasonal patterns in e-commerce, where the Oct-Dec festive quarter is seasonally strongest.

  • FY26 consolidated revenue ₹85,479 Mn May 26

    Full-year FY26 consolidated revenue from operations reached ₹85,479.44 million, up 12% year-over-year, providing the baseline for FY27 growth targets.

TL;DR: Brainbees Solutions is on a clear path toward sustained profitability, having turned PAT and FCF positive for FY26 while narrowing losses 57% YoY in Q4. Operational efficiency is improving with EBITDA margins expanding and GMV growth re-accelerating to mid-teens. Key risks remain in international competitive pressure from horizontal e-commerce entrants and sequential softness post-festive season. The trend is improving with management guiding for superior growth in FY27, though execution on international markets and Globalbees rationalization will be important to watch.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
1,407
1,507
1,900
1,667
1,652
1,905
2,172
1,930
1,863
2,099
2,424
2,163
Expenses
1,423
1,512
1,842
1,634
1,603
1,848
2,064
1,914
1,829
2,037
2,327
2,093
Operating Profit
-16
-6
59
33
49
57
108
16
33
62
97
70
OPM %
-1%
0%
3%
2%
3%
3%
5%
1%
2%
3%
4%
3%
Other Income
20
21
35
18
15
30
45
12
42
35
41
17
Interest
36
39
41
0
38
41
42
38
40
40
39
36
Depreciation
84
89
96
103
95
98
104
108
101
98
104
104
PBT
-115
-112
-43
-52
-70
-52
7
-118
-66
-41
-5
-53
Tax %
-4%
7%
14%
-16%
8%
22%
314%
-5%
0%
22%
605%
-10%
Net Profit
-110
-119
-48
-43
-76
-63
-15
-112
-67
-51
-39
-48
EPS in Rs
—
—
—
—
—
-0.97
-0.15
-1.47
-0.89
-0.67
-0.55
-0.58
Figures in ₹ Crores

Profit & Loss

  Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
337
508
814
1,603
2,401
5,633
6,481
7,660
8,548
Expenses
402
1,450
1,047
1,561
2,420
5,950
6,410
7,430
8,286
Operating Profit
-65
-942
-233
42
-18
-317
70
230
262
OPM %
-19%
-186%
-29%
3%
-1%
-6%
1%
3%
3%
Other Income
18
27
83
137
116
153
94
101
134
Interest
1
0
4
14
38
72
115
158
156
Depreciation
7
18
38
70
111
294
371
405
407
PBT
-55
-933
-191
95
-51
-530
-322
-232
-166
Tax %
0%
0%
0%
-124%
54%
-8%
0%
14%
23%
Net Profit
-55
-933
-191
216
-79
-486
-322
-265
-204
EPS in Rs
—
—
—
—
—
—
—
-3.67
-2.69
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
Figures in ₹ Crores

Balance Sheet

  Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
6
49
35
35
45
81
81
96
97
Reserves
-1,094
1,472
2,347
3,359
3,447
3,368
3,082
4,645
4,730
Borrowings
1,657
7
34
61
446
906
1,430
1,570
1,594
Other Liabilities
96
151
341
619
2,147
2,602
2,727
2,359
2,608
Total Liabilities
666
1,678
2,758
4,073
6,084
6,957
7,321
8,670
9,028
Fixed Assets
356
351
383
508
2,213
3,533
3,868
3,609
3,591
CWIP
0
7
23
18
42
26
1
7
20
Investments
0
0
0
0
0
0
5
5
5
Other Assets
310
1,320
2,352
3,547
3,830
3,397
3,447
5,049
5,412
Total Assets
666
1,678
2,758
4,073
6,084
6,957
7,321
8,670
9,028
Figures in ₹ Crores

Cash Flow

  Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-70
-210
-300
-67
-132
-399
-42
-83
365
Investing
82
-758
-660
-445
-491
304
63
-1,438
-108
Financing
-9
1,063
1,033
718
644
-51
81
1,431
-282
Net Cash Flow
3
95
73
206
22
-146
102
-91
-25
Free Cash Flow
-71
-231
-349
-110
-353
-637
-385
-292
176
CFO/OP
106
22
128
-166
583
134
6
-22
164
Figures in ₹ Crores

Ratios

  Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
38
32
36
31
33
15
12
13
16
Inventory Days
117
175
162
182
227
119
143
162
133
Days Payable
92
112
97
104
123
68
80
71
68
Cash Conversion Cycle
63
95
101
109
138
65
76
105
81
Working Capital Days
68
120
100
99
79
40
46
36
44
ROCE %
—
-89%
-10%
4%
0%
-10%
-4%
0%
1%

Shareholding Pattern

As of Mar 2026
Public 65.75%
DIIs 23.67%
Others 7.06%
FIIs 3.52%
Total 100.00%
  Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
FIIs
9.07%
9.62%
7.94%
7.03%
5.22%
4.01%
3.52%
DIIs
16.83%
16.65%
18.08%
18.65%
21.04%
21.97%
23.67%
Public
66.30%
65.96%
66.38%
66.94%
66.43%
66.93%
65.75%
Others
7.80%
7.75%
7.60%
7.39%
7.31%
7.09%
7.06%
No. of Shareholders
1,30,419
1,17,746
1,15,602
1,40,001
1,37,820
1,39,204
1,40,637

Documents

Frequently Asked Questions about Brainbees Solutions Ltd

What does Brainbees Solutions Ltd do?
Founded in 2010, Brainbees Solutions Limited offers products for mothers, babies, and kids through its online platform 'FirstCry'.[1]
Where is Brainbees Solutions Ltd (FIRSTCRY) listed?
Brainbees Solutions Ltd is listed on the Indian stock exchanges. It is listed on NSE: FIRSTCRY and BSE: 544226. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Brainbees Solutions Ltd belong to?
Brainbees Solutions Ltd operates in the Consumer Discretionary sector within the Retailing industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the 52-week high and low of Brainbees Solutions Ltd?
Over the past 52 weeks, Brainbees Solutions Ltd has traded between a low of ₹207.05 and a high of ₹438.7. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Brainbees Solutions Ltd?
Brainbees Solutions Ltd has a Return on Equity (ROE) of -8.48%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Brainbees Solutions Ltd on Tapetide?
On Tapetide, you can view Brainbees Solutions Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Founded in 2010, Brainbees Solutions Limited offers products for mothers, babies, and kids through its online platform 'FirstCry'.[1]

Website firstcry.com
CEO Mr. Supam Maheshwari
Employees 3,752
Listed 2024-08-13
Face Value ₹ 2
Issued Size 52,19,92,685

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