Citizen Infoline Ltd (CITIZEN)

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Citizen Infoline Ltd (CITIZEN) · mywealthgrid

About

Citizen Infoline Ltd is a print media publisher in the consumer discretionary sector, with micro-cap scale (quarterly revenues under ₹1 Crore). The company carries no debt but operates at substantial and persistent losses, with current operating margins at -8.15% and ROE just 0.65%.

Face value: ₹10

Market cap

₹87 Cr

P/E

—

P/B

2.1×

Dividend yield

ROE

94.7%

ROCE

53.1%

Debt / equity

2.53

OPM

10.7%

EPS (TTM)

₹-0.2

Book value

₹77.6

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Chronic unprofitability: OPM at -8.15% currently, ranging from -10.81% to -368% in recent quarters; company loses money on core operations.
Micro-scale operations: quarterly revenue varies from ₹0.04 Cr to ₹0.67 Cr, leaving minimal room for operating leverage or strategic investment.
Promoter stake halved from 34.77% (Mar 2026) to 13.36% (Jun 2026) in three months, signaling potential loss of insider confidence or capital distress.
Print media structural decline: verify remaining demand in company's publishing segments as advertising and reader attention migrate to digital.

Generated analysis · source review pending

Growth drivers

Zero debt (D/E = 0) removes refinancing risk and provides capital flexibility to fund operational restructuring or strategic pivot if viable plan emerges.
Stock price up 440% in 1 year suggests market is repricing on expected catalyst; verify nature (turnaround announcement, cost restructuring, M&A signal).
Positive net profit in Dec 2020 (+0.08 Cr) and Dec 2019 (+0.02 Cr) demonstrates business model can swing to profitability; verify conditions enabling those quarters.
Print media to digital transition: verify if company is investing in online subscriptions, digital advertising, or media partnerships as hedge against declining print.

Generated analysis · source review pending

1,119 historical price candles were omitted because the exchange source has not been verified.

₹160.8-3.1%1Y

Quick read

rule-based

Pros

+Strong return on equity of 31.9% (3-yr avg)
+Profit CAGR of 1201.2% over the last 3 years
+Revenue CAGR of 255.2% over the last 5 years
+Comfortable interest coverage of 14.1×

Cons

−Heavily leveraged (debt/equity 2.5)
−Low promoter holding of 13.4%
−Promoter holding fell 21.4 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

75/100

Business quality: 63
Growth: 67

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	3	3	3	2	2	1	1	2	4	4	311
COGS	—	—	—	—	—	0	0	2	4	4	253
Gross profit	—	—	—	—	—	—	0	0	0	0	58
	4	3	3	3	2	1	1	0	0	0	25
	-0	0	-0	-0	-0	-1	-1	-0	-0	-0	33
OPM %	-11.4%	0.6%	-2.8%	-9%	-29.1%	-94.6%	-108.5%	-13.5%	-9.4%	-8.2%	10.7%
Depreciation	0	0	0	0	—	0	0	0	0	0	2
Interest	0	0	0	0	0	0	0	0	0	0	2
	0	0	0	0	1	0	1	0	0	0	1
Profit before tax	-0	0	0	0	-0	-0	-0	0	0	0	30
Tax	—	—	—	—	—	0	0	0	0	0	8
Tax %	—	—	—	—	—	0%	0%	0%	0%	25%	25.9%
	-0	0	0	0	-0	-0	-0	0	0	0	22
PAT margin %	-6.8%	1.2%	0.4%	0.8%	-1.8%	-20%	-10.2%	0.4%	0.3%	0.7%	7.1%
EPS (₹)	-0.4	0.1	0	0	-0.1	-0.4	—	—	—	—	16
EPS adjusted (₹)	—	—	—	—	—	-0.2	-0.1	0	0	0.1	15.7
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	5	5	5	5	5	14
Reserves	-1	-1	-1	-1	-1	28
	0	0	0	0	0	106
	0	0	0	0	-0	30
Total equity & liabilities	5	5	5	5	5	177
	0	0	0	0	0	43
CWIP	—	—	—	—	—	79
Investments	1	0	0	0	0	0
	4	4	4	4	4	55
Total assets	5	5	5	5	5	177

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-0	-0	0	-0	0	21
	0	1	0	0	0	-102
	0	-0	-0	0	-0	81
Net cash flow	-0	0	0	-0	0	0
Free cash flow	—	—	—	—	—	-2
CFO / Operating profit %	—	—	—	—	—	63.1%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	50.8%	5%	1%	1%	18.7%
EBITDA margin %	-9%	-29.1%	-94.6%	-108.5%	-13.5%	-9.4%	-8.2%	10.7%
EBIT margin %	-16%	-29.1%	-94.5%	-108.5%	-13.4%	-9.4%	-8.1%	10.1%
PAT margin %	0.8%	-1.8%	-20%	-10.2%	0.4%	0.3%	0.7%	7.1%
Working capital
Receivable days	—	—	0	0	0	0	0	12
Inventory days	—	—	0	0	0	0	0	14
Payable days	—	—	17	88	0	0	0	0
NWC days	—	—	-17	-88	0	0	0	27
Leverage
Current ratio	—	—	1.5	1.25	1.2	15	13	0.86
Debt to EBITDA	—	—	—	—	—	—	—	3.18
Debt to equity	—	—	0	0	0	0	0	2.53
Interest coverage	0.7	5.5	—	—	—	—	—	14.1
Asset turnover	—	—	0.12	0.13	0.51	0.85	0.87	1.75
Return ratios
Return on assets %	—	—	-2.3%	-1.3%	0.2%	0.2%	0.6%	12.4%
Return on capital employed %	—	—	-2.4%	-1.3%	0.2%	0.2%	0.9%	53.1%
Return on equity %	—	—	-2.4%	-1.3%	0.2%	0.2%	0.6%	52.6%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	34.77%	34.77%	34.77%	34.77%	34.77%	34.77%	34.77%	34.77%	34.77%	34.77%	34.77%	13.36%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0.4%	0.4%	0.4%	0.4%	0.4%	0.4%	0.4%	0.4%	0.4%	0.4%	0.4%	0.15%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	64.83%	64.83%	64.83%	64.83%	64.83%	64.83%	64.83%	64.83%	64.83%	64.83%	64.83%	86.49%
No. of shareholders	—	—	—	—	—	—	—	—	6,471	6,450	6,451	6,365

Promoter holding down 21.41 percentage points since Sep 2023.

2 deals · 23 Mar 2022 – 12 May 2023

Date	Client	Type	Venue	Side	Quantity	Price	Value
12 May 2023	SURBHI AGRAWAL GUPTA	Bulk	BSE	Sell	29,610	₹19.91	₹0.06 Cr
23 Mar 2022	HIMESHSAVKARSONONE	Bulk	BSE	Buy	30,620	₹19.97	₹0.06 Cr

1–2 of 2

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. OMPRAKASH LALCHAND JAINExecutive Director-Chairperson related to Promoter-MD
Mr. CHIRAG HEMENDRAKUMAR JIRAWALANon-Executive - Independent Director
Mrs. ASHADEVI NATHMAL GOGADNon-Executive - Independent Director
Mr. HARSH OMPRAKASH JAINExecutive Director
Mr. TANSUKHRAJ LALCHAND JAINExecutive Director
Mr. SAGAR TANSUKHRAJ JAINExecutive Director
Mr. HARESHKUMAR JIVANLAL PARMARNon-Executive - Independent Director
Mr. VIKASH MADANLAL AGRAWALNon-Executive - Independent Director
Mr. Ravindra JainChief Financial Officer
Mrs. Reena Harsh ShahCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Citizen Infoline Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

2

Board meeting to consider results13 Aug 2026
Board meeting to consider results22 Jul 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

16 announcementsExport CSV

22 Sept 2026, 4:43 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	50.8%	5%	1%	1%	18.7%
EBITDA margin %	-9%	-29.1%	-94.6%	-108.5%	-13.5%	-9.4%	-8.2%	10.7%
EBIT margin %	-16%	-29.1%	-94.5%	-108.5%	-13.4%	-9.4%	-8.1%	10.1%
PAT margin %	0.8%	-1.8%	-20%	-10.2%	0.4%	0.3%	0.7%	7.1%
Working capital
Receivable days	—	—	0	0	0	0	0	12
Inventory days	—	—	0	0	0	0	0	14
Payable days	—	—	17	88	0	0	0	0
NWC days	—	—	-17	-88	0	0	0	27
Leverage
Current ratio	—	—	1.5	1.25	1.2	15	13	0.86
Debt to EBITDA	—	—	—	—	—	—	—	3.18
Debt to equity	—	—	0	0	0	0	0	2.53
Interest coverage	0.7	5.5	—	—	—	—	—	14.1
Asset turnover	—	—	0.12	0.13	0.51	0.85	0.87	1.75
Return ratios
Return on assets %	—	—	-2.3%	-1.3%	0.2%	0.2%	0.6%	12.4%
Return on capital employed %	—	—	-2.4%	-1.3%	0.2%	0.2%	0.9%	53.1%
Return on equity %	—	—	-2.4%	-1.3%	0.2%	0.2%	0.6%	52.6%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
D.b.corp LimitedDBCORPDBCORP	₹3,076 Cr	₹3,097 Cr	₹2,400 Cr	₹514 Cr	20.7%	₹352 Cr	14.1%	17.9%	14.1%	90
Jagran Prakashan LimitedJAGRANJAGRAN	₹1,340 Cr	₹1,376 Cr	₹1,916 Cr	₹256 Cr	13.3%	₹189 Cr	9.9%	12.8%	9.9%	10
The Sandesh LimitedSANDESHSANDESH	₹752 Cr	₹752 Cr	₹824 Cr	₹9 Cr	19.6%	₹107 Cr	15%	6.8%	4.7%	437
Hindustan Media Ventures LimitedHMVLHMVL	₹571 Cr	₹637 Cr	₹822 Cr	₹83 Cr	15.2%	₹90 Cr	6.6%	11.7%	3.1%	-111
Ht Media LimitedHTMEDIAHTMEDIA	₹521 Cr	₹1,183 Cr	₹1,896 Cr	₹125 Cr	7.2%	₹-10 Cr	-2.7%	9.4%	-3.3%	-73
Citizen Infoline LtdCITIZENCITIZEN	₹87 Cr	₹193 Cr	₹1 Cr	₹-1 Cr	10.7%	₹-0 Cr	7.1%	53.1%	94.7%	27
Encode Packaging India LtdENCODEENCODE	₹4 Cr	₹4 Cr	₹4 Cr	₹0 Cr	—	₹0 Cr	—	0%	0%	—

Date	Category	Subject	Filing
22 Sept 2026, 4:43 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
21 Sept 2026, 4:59 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
27 Aug 2026, 6:21 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
26 Aug 2026, 1:13 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
25 Aug 2026, 6:16 pm	AGM/EGM AGM	Revised Intimation Of 32Nd Annual General Meeting, Record Date And Book Closure - In Continuation Of Intimation Dated 24Th August 2026 Pursuant To SEBI (LODR) Regulations, 2015	PDF
24 Aug 2026, 5:09 pm	Corp. Action Record Date	Intimation Of Record Date/Cut-Off Date Pursuant To Regulation 42 Of SEBI (LODR) Regulations, 2015	PDF
24 Aug 2026, 4:35 pm	Corp. Action Book Closure	Intimation Of Book Closure Pursuant To Regulation 42 Of Securities And Exchange Board Of India (LODR) Regulations, 2015	PDF
24 Aug 2026, 4:25 pm	AGM/EGM AGM	Intimation Of 32Nd Annual General Meeting And Fixation Of Record Date And Book Closure Pursuant To Regulations 30 And 42 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015	PDF

Citizen Infoline Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

2

Announcements

Not in the F&O segment

No fund holdings on record

2

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Return on equity

Citizen Infoline Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Board meetings2

Announcements

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Board meetings2

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

2

2