Price
Financials
Standalone, Rs crore| 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 | 0.03 | 0.04 | 0.03 | 1.15 | 0.38 | 1.21 | 0.42 | 0.54 | 0.70 | 0.51 | 0.58 | 0.48 |
| Expenses | 0.02 | 0.03 | 0.11 | 0.79 | 1.02 | 1.02 | 0.89 | 0.88 | 0.95 | 1.02 | 2.70 | 0.92 |
| Operating Profit | 0.01 | 0.01 | -0.08 | 0.36 | -0.64 | 0.19 | -0.47 | -0.34 | -0.25 | -0.51 | -2.12 | -0.44 |
| OPM % | 33.33% | 25.00% | -266.67% | 31.30% | -168.42% | 15.70% | -111.90% | -62.96% | -35.71% | -100.00% | -365.52% | -91.67% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.08 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.32 | 0.01 | 0.03 | 0.04 | 0.11 | 0.16 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.01 | 0.05 | 0.01 | 0.06 | 0.06 | 0.05 | 0.03 | 0.05 | 0.06 |
| Profit before tax | 0.01 | 0.01 | -0.08 | 0.35 | -0.69 | 0.18 | -0.85 | -0.41 | -0.33 | -0.58 | 1.80 | -0.66 |
| Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 440.58% | 0.00% | -50.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Net Profit | 0.01 | 0.00 | -0.08 | 0.35 | -3.73 | 0.18 | -0.42 | -0.41 | -0.34 | -0.58 | 1.80 | -0.65 |
| EPS in Rs | 0.01 | 0.00 | -0.10 | 0.45 | -4.78 | 0.23 | -0.54 | -0.53 | -0.44 | -0.74 | 2.31 | -0.83 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 9.16 | 0.40 | 0.00 | 0.08 | 0.10 | 0.17 | 0.20 | 0.08 | 0.14 | 3.16 | 2.32 | 2.27 |
| Expenses | 8.40 | 3.61 | 2.71 | 4.94 | 0.26 | 0.23 | 0.34 | 0.24 | 0.22 | 3.73 | 5.54 | 5.59 |
| Operating Profit | 0.76 | -3.21 | -2.71 | -4.86 | -0.16 | -0.06 | -0.14 | -0.16 | -0.08 | -0.57 | -3.22 | -3.32 |
| OPM % | 8.30% | -802.50% | -6,075.00% | -160.00% | -35.29% | -70.00% | -200.00% | -57.14% | -18.04% | -138.79% | -146.26% | |
| Other Income | 0.00 | 0.01 | 0.12 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.08 | 4.08 |
| Interest | 0.02 | 0.02 | 0.01 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.32 | 0.19 | 0.34 |
| Depreciation | 1.84 | 1.15 | 1.06 | 0.49 | 0.25 | 0.03 | 0.02 | 0.01 | 0.01 | 0.14 | 0.19 | 0.19 |
| Profit before tax | -1.10 | -4.37 | -3.66 | -5.35 | -0.41 | -0.10 | -0.17 | -0.17 | -0.09 | -1.03 | 0.48 | 0.23 |
| Tax % | -24.55% | -5.26% | -4.10% | -2.06% | -9.76% | -150.00% | 0.00% | 0.00% | 0.00% | 252.43% | 0.00% | |
| Net Profit | -0.83 | -4.14 | -3.52 | -5.24 | -0.37 | 0.05 | -0.17 | -0.18 | -0.09 | -3.63 | 0.48 | 0.23 |
| EPS in Rs | -1.06 | -5.30 | -4.51 | -6.71 | -0.47 | 0.06 | -0.22 | -0.23 | -0.12 | -4.65 | 0.61 | 0.30 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | -13% | 69% | 207% | -11% | ||
| Compounded Profit Growth | % | % | % | 13% | ||
| Stock Price CAGR | 20% | 51% | 130% | -16% | ||
| Return on Equity | % | % | % | % |
| 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 | 8.30 | 8.30 | 8.30 | 8.30 | 8.30 | 8.30 | 8.30 | 7.81 | 7.81 | 7.81 | 7.81 | 7.81 |
| Reserves | -1.09 | -1.93 | -6.07 | -9.59 | -14.83 | -15.20 | -15.15 | -14.83 | -15.01 | -15.10 | -18.73 | -18.25 |
| Borrowings | 5.28 | 6.14 | 6.55 | 7.05 | 7.22 | 7.47 | 7.55 | 7.69 | 7.76 | 7.81 | 9.12 | 6.41 |
| Other Liabilities | 2.11 | 1.89 | 1.94 | 1.43 | 1.19 | 1.16 | 1.08 | 1.08 | 1.10 | 1.11 | 3.14 | 5.34 |
| Total Liabilities | 14.60 | 14.40 | 10.72 | 7.19 | 1.88 | 1.73 | 1.78 | 1.75 | 1.66 | 1.63 | 1.34 | 1.31 |
| Fixed Assets | 4.83 | 3.04 | 1.91 | 0.85 | 0.37 | 0.12 | 0.09 | 0.07 | 0.06 | 0.04 | 0.92 | 0.49 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 9.77 | 11.36 | 8.81 | 6.34 | 1.51 | 1.61 | 1.69 | 1.68 | 1.60 | 1.59 | 0.42 | 0.82 |
| Total Assets | 14.60 | 14.40 | 10.72 | 7.19 | 1.88 | 1.73 | 1.78 | 1.75 | 1.66 | 1.63 | 1.34 | 1.31 |
| 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 | -1.08 | -1.08 | -0.47 | -0.46 | -0.18 | -0.19 | -0.08 | -0.14 | -0.08 | -0.15 | -0.20 | -1.19 |
| Cash from Investing Activity | -0.02 | -0.03 | -0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.09 | -0.21 |
| Cash from Financing Activity | 0.99 | 0.99 | 0.41 | 0.50 | 0.17 | 0.25 | 0.08 | 0.14 | 0.07 | 0.06 | 0.37 | 1.39 |
| Net Cash Flow | -0.11 | -0.11 | -0.08 | 0.04 | 0.00 | 0.05 | 0.00 | 0.00 | -0.01 | -0.09 | 0.08 | 0.00 |
| Free Cash Flow | -1.10 | -1.11 | -0.49 | -0.46 | -0.18 | -0.19 | -0.08 | -0.14 | -0.08 | -0.15 | -0.30 | -1.40 |
| CFO/OP | -32% | -142% | 15% | 17% | 4% | 119% | 133% | 100% | 50% | 188% | 16% | 31% |
| 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 | 266.15 | 388.91 | 6,624.75 | 0.00 | 109.50 | 193.24 | 146.00 | 91.25 | 234.64 | 16.17 | 36.19 | |
| Inventory Days | 0.00 | 0.00 | 0.00 | |||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 266.15 | 388.91 | 6,624.75 | 0.00 | 109.50 | 193.24 | 146.00 | 91.25 | 234.64 | 16.17 | 36.19 | |
| Working Capital Days | 274.08 | 390.50 | 6,442.25 | 1,368.75 | 1,204.50 | 751.47 | 657.00 | 1,277.50 | -2,294.29 | -1,309.84 | -1,743.19 | |
| ROCE % | 2.81% | -8.64% | -40.86% | -50.21% | -165.89% | -65.08% | -14.17% | -23.36% | -27.64% | -16.67% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 33.88% | 30.32% | 29.60% | 28.45% | 28.45% | 28.33% | 28.33% | 28.33% | 28.12% | 27.99% | 50.32% | 50.32% |
| DIIs | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| Public | 66.10% | 69.66% | 70.39% | 71.54% | 71.54% | 71.64% | 71.65% | 71.65% | 71.87% | 71.98% | 49.66% | 49.66% |
| No. of Shareholders | 1,682 | 1,908 | 2,072 | 2,012 | 2,119 | 2,354 | 2,404 | 2,404 | 2,230 | 2,443 | 2,370 | 2,350 |
Fundamentals
Market Cap₹ 30.7 Cr.
Current Price₹ 39.4
Book Value₹ -13.4
ROCE%
ROE%
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-11%
Compounded Profit Growth (TTM)13%
Standalone figures.
Valuation
Market capRs 30 Cr
Enterprise valueRs 36 Cr
P/E (TTM)129.63x
Price to book-2.86x
Price to sales13.13x
EV / EBITDA47.57x
EV / EBIT63.43x
EV / sales15.93x
Earnings yield0.77%
P/E, 3-year average36.69x
P/B, 3-year average-1.03x
P/E, 5-year average36.69x
P/B, 5-year average-0.86x
Profitability
Operating margin (excl. other income)-138.79%
Operating margin (incl. other income)37.07%
EBITDA margin33.48%
Pre-tax margin10.13%
Net profit margin10.13%
Net margin, latest quarter-135.42%
ROE-4.49%
ROA36.23%
ROE, 3-year average12.21%
ROCE, 3-year average-16.67%
ROA, 3-year average-71.23%
ROE, 5-year average8.32%
ROCE, 5-year average-22.56%
ROA, 5-year average-46.78%
Other income / net worth-39.08%
Growth
Sales growth (latest year)-26.58%
Sales CAGR, 3 years207.23%
Sales CAGR, 5 years68.66%
Profit CAGR, 5 years57.20%
Sales growth QoQ-17.24%
Profit growth QoQ-136.11%
Sales growth YoY (latest quarter)-11.11%
Per share
EPS (TTM)Rs 0.29
EPS (latest year)Rs 0.61
EPS (latest quarter)Rs -0.83
EPS, 3-year averageRs -1.38
EPS, 5-year averageRs -0.92
Book value per shareRs -13.37
Sales per shareRs 2.91
Cash flow per shareRs -1.52
Free cash flow per shareRs -1.79
Efficiency
Asset turnover1.77x
Fixed asset turnover4.73x
Debtor days36 days
Debtors turnover10.09x
Cash conversion cycle36 days
Working capital days-1743 days
Leverage
Total debtRs 6 Cr
Cash and bankRs 0 Cr
Net debtRs 6 Cr
Debt to equity-0.61x
Net debt / EBITDA8.34x
Interest coverage1.68x
Owners' fund to total sources-796.95%
Debt to assets489.31%
Cash flow
Cash from Operating Activity (latest year)Rs -1 Cr
Cash from Investing Activity (latest year)Rs -0 Cr
Cash from Financing Activity (latest year)Rs 1 Cr
Free cash flow (latest year)Rs -1 Cr
FCFE (approx.: FCF + change in debt)Rs -4 Cr
Statement figures
Net sales (TTM)Rs 2 Cr
Net sales (latest year)Rs 2 Cr
Sales (latest quarter)Rs 0 Cr
Operating profit excl. other income (latest year)Rs -3 Cr
Operating profit (latest quarter)Rs -0 Cr
Other income (TTM)Rs 4 Cr
EBITDA (TTM)Rs 1 Cr
PBDT (TTM)Rs 0 Cr
Profit before tax (TTM)Rs 0 Cr
Net profit (TTM)Rs 0 Cr
Net profit (latest year)Rs 0 Cr
Net profit (latest quarter)Rs -1 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total expenditure (latest year)Rs 6 Cr
Total income (latest year)Rs 6 Cr
Share capitalRs 8 Cr
ReservesRs -18 Cr
Shareholders' fundsRs -10 Cr
Total assetsRs 1 Cr
Net blockRs 0 Cr
ReceivablesRs 0 Cr
Other liabilitiesRs 5 Cr
Shares outstanding (crore)0.78
Ownership
Promoter holding50.32% (+21.99 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | 531259 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -2.2% | -2.8% | +0.6 pts |
| 1 month | -20.4% | -6.8% | -13.6 pts |
| 3 months | +51.8% | -7.6% | +59.4 pts |
| 3 years | +1064.3% | +14.2% | +1050.2 pts |
| 5 years | +634.4% | +27.9% | +606.5 pts |
Red flags
F-score 4 of 8| serious | Negative equity Shareholders' equity is negative |
| explain | High accruals Profit exceeded operating cash by 127% of total assets in 2026 |
| look | Profit leans on other income Other income was 850% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹0 Cr -11.1% vs Jun 2025.
Net loss ₹1 Cr.
Activity
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| Yaap Digital Ltd | 253 | 16.0 | 28.5 % |
| Cash UR Drive Marketing Limited | 187 | 7.27 | 37.6 % |
| Pramara Promotions Ltd | 158 | 15.7 | 15.0 % |
| Digicontent Ltd | 150 | 8.82 | 24.0 % |
| Value 360 Communications Ltd | 90 | 9.09 | 38.6 % |
| Century Business Media Ltd | 62 | 11.1 | 38.8 % |
| Crayons Advertising Ltd | 60 | 17.4 | 5.53 % |
| Chatterbox Technologies Ltd | 48 | 5.25 | 26.0 % |
| Graphisads Ltd | 46 | 10.5 | 6.54 % |
| Toss The Coin Ltd | 29 | 10.6 | 27.0 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Esha Media Research Ltd?
Esha Media Research Ltd (531259) has a market capitalisation of Rs 30.7 Cr. at the 2026-10-01 close.
What were Esha Media Research Ltd's latest quarterly results?
In the Jun 2026 quarter, Esha Media Research Ltd sales was Rs 0 Cr (-11.1% vs Jun 2025) with a net loss of Rs 1 Cr.