Crystal Business System Ltd (CRYSTAL)

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Crystal Business System Ltd (CRYSTAL) · mywealthgrid

About

Crystal Business System Ltd operates in TV Broadcasting & Software Production within the Consumer Discretionary sector.

Face value: ₹1

Market cap

₹19 Cr

P/E

21.5×

P/B

1.3×

Dividend yield

ROE

0.8%

ROCE

2.8%

Debt / equity

0.19

OPM

EPS (TTM)

₹0.1

Book value

₹1.5

52-week high

—

52-week low

—

1,061 historical price candles were omitted because the exchange source has not been verified.

₹1.9-1.5%1Y

Quick read

rule-based

Pros

No positive flags triggered.

Cons

−Low return on equity of 3% (3-yr avg)
−Thin operating margin of 4%
−Revenue shrank over the last 5 years (-17.3% a year)
−Low promoter holding of 25.5%

Research score

Structured signal from quality, growth, valuation and momentum.

42/100

Business quality: 23
Growth: 33
Valuation: 70

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

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Sun Tv Network LimitedSUNTVSUNTV	₹23,642 Cr	₹23,642 Cr	₹4,502 Cr	₹2,330 Cr	51.1%	₹1,530 Cr	33.2%	16.8%	11.9%	-13
Hathway Cable & Datacom LimitedHATHWAYHATHWAY	₹1,650 Cr	₹1,650 Cr	₹2,184 Cr	₹310 Cr	15%	₹76 Cr	3.8%	2.4%	1.9%	-49
Den Networks LimitedDENDEN	₹1,213 Cr	₹1,213 Cr	₹976 Cr	₹60 Cr	7%	₹148 Cr	17%	5.5%	4.5%	-75
New Delhi Television LimitedNDTVNDTV	₹768 Cr	₹954 Cr	₹523 Cr	₹-271 Cr	-49.3%	₹-330 Cr	-61.2%	-72.7%	-345%	34
Gtpl Hathway LimitedGTPLGTPL	₹623 Cr	₹850 Cr	₹3,831 Cr	₹403 Cr	10.9%	₹8 Cr	0.3%	3.5%	1.4%	-31
Tv Today Network LimitedTVTODAYTVTODAY	₹607 Cr	₹622 Cr	₹820 Cr	₹37 Cr	3.8%	₹17 Cr	1.8%	4.6%	1.6%	76
Zee Media Corporation LimitedZEEMEDIAZEEMEDIA	₹472 Cr	₹482 Cr	₹768 Cr	₹102 Cr	13.9%	₹-1 Cr	0.3%	5.3%	0.9%	69
Dish Tv India LimitedDISHTVDISHTV	₹396 Cr	₹396 Cr	₹1,099 Cr	₹-188 Cr	-0.6%	₹-999 Cr	-69.4%	—	—	-1,724
Aqylon Nexus LimitedAQYLONAQYLON	₹392 Cr	₹392 Cr	₹5 Cr	₹-0 Cr	6.1%	₹-24 Cr	-366.5%	21.4%	—	-31
B.a.g Films And Media LimitedBAGFILMSBAGFILMS	₹89 Cr	₹89 Cr	₹157 Cr	₹20 Cr	11.9%	₹5 Cr	3.4%	5.8%	2.3%	290
Raj Television Network LimitedRAJTVRAJTV	₹56 Cr	₹77 Cr	₹69 Cr	₹3 Cr	5.9%	₹-0 Cr	1.1%	2.7%	0.6%	99
Crystal Business System LtdCRYSTALCRYSTAL	₹19 Cr	₹22 Cr	₹17 Cr	₹2 Cr	4%	₹1 Cr	1.4%	2.8%	0.8%	126

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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 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	55	35	22	24	19	15	17	9
COGS	-7	-8	1	1	1	—	—	6
Gross profit	—	—	22	23	18	—	—	3
	60	41	21	23	18	15	16	2
	2	2	0	-0	-0	1	2	0
OPM %	4.1%	4.8%	1.3%	-1.9%	-1%	5.5%	9%	4%
Depreciation	0	—	0	0	0	0	0	0
Interest	—	—	0	0	0	—	—	0
	—	—	0	1	1	0	—	0
Profit before tax	2	1	-0	0	0	0	1	0
Tax	1	0	-0	0	0	0	0	0
Tax %	27.9%	27.1%	-15.4%	16.2%	150%	31.3%	33.1%	65.7%
	1	1	-0	0	-0	0	1	0
PAT margin %	2.7%	2.6%	-0.5%	1.3%	-0.6%	2.2%	5.3%	1.4%
EPS (₹)	1.5	0.9	-0.1	—	-0	0.1	0.2	0
EPS adjusted (₹)	0.2	0.1	-0	0	-0	0	0.1	0
	0%	2.3%	—	—	—	0%	0%	—
Annual report	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 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	10	10	10	10	10	10	10	10	10
Reserves	2	3	—	4	5	4	5	5	5
	4	6	—	3	5	3	—	—	3
	13	20	—	8	9	9	10	9	5
Total equity & liabilities	29	40	—	26	29	27	26	25	23
	0	2	2	2	2	2	2	1	1
CWIP	—	—	—	0	0	0	—	—	0
Investments	—	—	—	5	8	8	—	—	5
	29	38	—	19	19	17	24	23	16
Total assets	29	40	—	26	29	27	26	25	23

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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 %	—	—	96.8%	95.1%	96.4%	—	—	32.5%
EBITDA margin %	4.1%	4.8%	1.3%	-1.9%	-1%	5.5%	9%	4%
EBIT margin %	3.7%	4.8%	-0.5%	-3.9%	-3.4%	2.7%	6.3%	-0.1%
PAT margin %	2.7%	2.6%	-0.5%	1.3%	-0.6%	2.2%	5.3%	1.4%
Working capital
Receivable days	131	—	110	89	138	138	123	373
Inventory days	5	—	441	213	0	0	0	0
Payable days	125	—	3,412	1,766	2,576	136	98	247
NWC days	11	—	-2,860	-1,464	-2,438	2	24	126
Leverage
Current ratio	—	—	1.84	1.77	1.43	1.06	1.53	2.48
Debt to EBITDA	2.68	—	10.66	—	—	—	—	8.06
Debt to equity	0.45	—	0.22	0.36	0.23	—	—	0.19
Interest coverage	—	—	-5	—	—	—	—	4.1
Asset turnover	1.39	—	0.87	0.83	0.71	0.6	0.7	0.39
Return ratios
Return on assets %	3.8%	—	-0.4%	1.1%	-0.4%	1.3%	3.7%	0.5%
Return on capital employed %	15.3%	—	-0.7%	2.6%	4%	3.5%	7.2%	2.8%
Return on equity %	11%	—	-0.8%	2.1%	-0.8%	2.3%	6%	0.8%

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
	25.47%	25.47%	25.47%	25.47%	25.47%	25.47%	25.47%	25.47%	25.47%	25.47%	25.47%	25.47%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	74.53%	74.53%	74.53%	74.53%	74.53%	74.53%	74.53%	74.53%	74.53%	74.53%	74.53%	74.53%
No. of shareholders	—	—	—	—	—	—	—	—	51,459	50,853	50,198	50,149

Promoter holding up 0 percentage points since Sep 2023.

61 deals · 8 Mar 2022 – 11 Jan 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
11 Jan 2024	SETU SECURITIES PVT. LTD.	Bulk	BSE	Buy	8,98,123	₹7.06	₹0.63 Cr
11 Jan 2024	F3 ADVISORS PRIVATE LIMITED	Bulk	BSE	Buy	7,59,346	₹7.07	₹0.54 Cr
11 Jan 2024	SETU SECURITIES PVT. LTD.	Bulk	BSE	Sell	6,72,420	₹7.06	₹0.47 Cr
11 Jan 2024	F3 ADVISORS PRIVATE LIMITED	Bulk	BSE	Sell	3,88,238	₹7.11	₹0.28 Cr
31 Jan 2023	SHARPLINE NETWORK PRIVATE LIMITED	Bulk	BSE	Sell	5,51,580	₹7.78	₹0.43 Cr
5 Jan 2023	SADHNA BIO OILS PRIVATE LIMITED	Bulk	BSE	Sell	16,01,000	₹10.90	₹1.75 Cr
25 Nov 2022	GAURAV GUPTA	Bulk	BSE	Sell	7,00,000	₹17.18	₹1.20 Cr
3 Nov 2022	GAURAV GUPTA	Bulk	BSE	Sell	8,00,000	₹12.83	₹1.03 Cr
27 Oct 2022	GAURAV GUPTA	Bulk	BSE	Sell	15,00,000	₹11.35	₹1.70 Cr
27 Oct 2022	SHREYA GUPTA	Bulk	BSE	Sell	9,00,000	₹11.35	₹1.02 Cr

1–10 of 61

1 / 7

Mr. BAL MUKUND TIWARIExecutive Director-Chairperson-MD
Mr. ARPAN GUPTANon-Executive - Non Independent Director
Ms. Sangeeta MukherjeeNon - Executive Independent Director
Satyabrata MukherjeeChief Operating Officer
Mr. VINOD AGGARWALNon-Executive - Independent Director
Ms. Sonia SharmaChief Financial Officer
Ms. Khushi JainCompany 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 Crystal Business System 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

Loading documents…

Events

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

1

Dividend dividend17 Sept 2020 · ex-date₹0.02

1

Board meeting to consider results11 Aug 2026

1

Face value ₹10 → ₹110 Jun 2022 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

29 announcementsExport CSV

30 Sept 2026, 12:26 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window 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 %	—	—	96.8%	95.1%	96.4%	—	—	32.5%
EBITDA margin %	4.1%	4.8%	1.3%	-1.9%	-1%	5.5%	9%	4%
EBIT margin %	3.7%	4.8%	-0.5%	-3.9%	-3.4%	2.7%	6.3%	-0.1%
PAT margin %	2.7%	2.6%	-0.5%	1.3%	-0.6%	2.2%	5.3%	1.4%
Working capital
Receivable days	131	—	110	89	138	138	123	373
Inventory days	5	—	441	213	0	0	0	0
Payable days	125	—	3,412	1,766	2,576	136	98	247
NWC days	11	—	-2,860	-1,464	-2,438	2	24	126
Leverage
Current ratio	—	—	1.84	1.77	1.43	1.06	1.53	2.48
Debt to EBITDA	2.68	—	10.66	—	—	—	—	8.06
Debt to equity	0.45	—	0.22	0.36	0.23	—	—	0.19
Interest coverage	—	—	-5	—	—	—	—	4.1
Asset turnover	1.39	—	0.87	0.83	0.71	0.6	0.7	0.39
Return ratios
Return on assets %	3.8%	—	-0.4%	1.1%	-0.4%	1.3%	3.7%	0.5%
Return on capital employed %	15.3%	—	-0.7%	2.6%	4%	3.5%	7.2%	2.8%
Return on equity %	11%	—	-0.8%	2.1%	-0.8%	2.3%	6%	0.8%

Date	Category	Subject	Filing
30 Sept 2026, 12:26 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
30 Sept 2026, 11:36 am	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
30 Sept 2026, 11:29 am	AGM/EGM AGM	Declaration Of Results Of Remote E-Voting And E-Voting At The Annual General Meeting Held On Monday, 28Th September, 2026	PDF
28 Sept 2026, 6:02 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
28 Sept 2026, 5:40 pm	Company Update Change in Registered Office Address	Announcement under Regulation 30 (LODR)-Change in Registered Office Address	PDF
28 Sept 2026, 5:04 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
21 Sept 2026, 4:28 pm	AGM/EGM AGM	Intimation Of Further Addendum To The Notice Of 32Nd Annual General Meeting To Be Held On Monday, 09/28/2026.	PDF
21 Sept 2026, 1:18 pm	Others Outcome without intimation	Board Meeting Outcome for Outcome Of The Board Meeting Held On 21St September, 2026	PDF

₹ Cr	Mar 2017	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-2	-13	4	4	2	5	1	-4	1
	-0	-0	-0	-4	-4	-0	-0	2	0
	1	2	-4	1	2	-6	0	1	-1
Net cash flow	-1	-12	-0	1	0	-1	0	-0	0
Free cash flow	—	—	—	4	1	5	—	—	1
CFO / Operating profit %	—	—	228.1%	—	—	—	78.6%	-225.8%	265.7%

Crystal Business System Ltd

About

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

1

1

1

Announcements

Not in the F&O segment

No fund holdings on record

1

1

1

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Return on equity

Crystal Business System Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

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

Dividends1

Board meetings1

Stock splits1

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Dividends1

Board meetings1

Stock splits1

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1

1

1

1

1