Crystal Business System (BSE: CRYSTAL) is loss-making over the last 12 months, losing ₹0.15 Cr, so a P/E ratio does not apply. Its share price on 6 Nov 2026 was ₹1.85, 47% below its 52-week high. Sales fell 23% a year over 3 years. Debt is 0.19× equity. It is a small-cap company with a market cap of ₹19 Cr, ranked 14th of 16 Broadcasting companies by market cap; the shares fell 14% over the past year.
- ₹1.84
- ₹1.89
- ₹1.81
- ₹1.82
- 35K
Health check
- ReturnsAhead
−13.7% over a year, better than 6 of 7 peers.
- Price tagLoss-making
Earnings were negative over the last 12 months.
- GrowthShrinking
Sales −22.9% a year over 3 years.
- ProfitabilityWeak
ROCE 2.7% vs peer median 3.0%.
- Balance sheetFair
Debt 0.19× equity, interest covered 3.7×, Piotroski 6 of 9.
- Red flags5 to check
Loss-making over the last twelve months.
Small cap
Defensive
Key metrics
- Market cap
- ₹19 Cr
- Small cap
- P/E
- n/a
- Industry 15.3
- Price to book
- 1.22
- Peers 0.52
- Dividend yield
- 0.00%
- ROE
- 0.8%
- Peers 1.1%
- ROCE
- 2.7%
- Peers 3.0%
- Debt to equity
- 0.19
- Debt ₹2.82 Cr
- EPS (TTM)
- −₹0.01
- OPM (TTM)
- 1.5%
- Net margin −1.8%
- Sales growth
- −39.1%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 2.30
- EV/EBITDA 178.7
Strengths and risks
Risks to check
- Loss-making over the last twelve months.
- Return on equity is low at 0.8%.
- Quarterly sales down 39.1% on a year ago.
- 47% below its 52-week high.
- Interest coverage of only 2.1×.
About Crystal Business System
Crystal Business System Limited engages in the business of launching television channels for the news, films, music, serial, and other programmes in India. The company's television channels include Sadhna TV, Ishwar TV, Sadhna Bhakti, Sadhna MP CG RAJ, Sadhna Plus News, VIP News, Rishu Movies, and Har Khabar. It also provides outdoor and print advertising services on various platforms, such as outdoor hoardings, bus shelters, pole kiosks, and roadways…
- Headquarters
- Delhi
- Sector
- Communication Services
- ISIN
- INE994R01028
- Website
- sadhna.com
Price range
- Avg volume (3M)
- 37.7K
- 1-year return
- minus 13.7%
- From 52-week high
- minus 46.7%
Peers · Broadcasting
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SUNTVSun TV Network | 595.45 | minus 0.27% | 23,466 | 15.2 | 1.74 | 15.3% | 11.9% | 48.2% | 4.7% | −5.5% | 2.52% | plus 6.3% |
| ZEELZee Entertainment Enterprises | 63.97 | minus 5.12% | 6,144 | 35.0 | 0.49 | 2.5% | 1.4% | 1.4% | 0.0% | 78.7% | 3.13% | minus 33.9% |
| NDTVNew Delhi Television | 64.53 | minus 1.75% | 728 | – | −47.52 | −75.1% | −345.0% | −48.4% | 11.0% | – | 0.00% | minus 28.3% |
| TVTODAYTV Today Network | 101.20 | minus 1.20% | 604 | 38.9 | 0.68 | 3.5% | 1.6% | 4.5% | −2.6% | −45.4% | 0.00% | minus 29.7% |
| ZEEMEDIAZee Media Corporation | 7.10 | minus 0.56% | 465 | – | 2.00 | 4.3% | 0.9% | 13.3% | 1.8% | – | 0.00% | minus 28.6% |
| ENILEntertainment Network (India) | 80.55 | minus 2.88% | 384 | – | 0.52 | −1.8% | −1.0% | 10.3% | 3.5% | – | 2.48% | minus 38.7% |
| AQYLONAqylon Nexus | 12.76 | minus 2.22% | 324 | 11.4 | −56.21 | – | – | 35.6% | – | – | 0.00% | minus 98.3% |
| CRYSTALCrystal Business System | 1.85 | plus 1.65% | 19 | – | 1.22 | 2.7% | 0.8% | 1.5% | −22.9% | – | 0.00% | minus 13.7% |
| Median of 7 peers | – | −1.75% | 604 | 25.1 | 0.52 | 3.0% | 1.1% | 10.3% | 2.6% | −5.5% | 0.00% | −29.7% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 1.6 | 1.6 | 0.9 | 4.6 | 1 | |
| 2.2 | 2.3 | 2.5 | 1.3 | 1.8 | |
| −0.6 | −0.7 | −1.6 | 3.3 | −0.9 | |
| −39.4% | −46.6% | −176.3% | 71.8% | −87.9% | |
| 0.1 | 0.1 | 0.1 | 0.1 | 0 | |
| 0 | 0 | 0 | 0.1 | 0 | |
| 0.1 | 0.1 | 0.1 | 0 | 0.1 | |
| −0.6 | −0.7 | −1.6 | 3.3 | −0.9 | |
| 0.6% | 6.4% | −8.3% | 4.4% | 0.2% | |
| −0.6 | −0.7 | −1.7 | 3.2 | −0.9 | |
| -0.06 | -0.07 | -0.17 | 0.32 | -0.09 |
Profit & loss
- Sales CAGR 3Y
- −22.9%
- ROE
- 0.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 18.9 | 15.4 | 17.2 | 8.7 | |
| – | minus 18.6% | +11.8% | minus 49.6% | |
| 19.1 | 14.6 | 15.6 | 8.4 | |
| −0.2 | 0.8 | 1.7 | 0.3 | |
| −0.9% | 5.4% | 9.6% | 3.2% | |
| 0.3 | 0.1 | 0.4 | 0.5 | |
| 0 | 0 | 0.1 | 0.1 | |
| 0.5 | 0.4 | 0.5 | 0.4 | |
| 0.5 | −0.1 | −0.1 | 0.1 | |
| 0.2 | 0.5 | 1.4 | 0.3 | |
| 149.0% | 29.9% | 33.3% | 66.2% | |
| −0.1 | 0.3 | 0.9 | 0.1 | |
| – | – | +169.4% | minus 87.1% | |
| -0.04 | 0.08 | 0.09 | 0.01 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 10 | 10 | 10 | 10 | |
| 4.1 | 5 | 5.2 | 5.1 | |
| 3.2 | 2.5 | 3.8 | 2.8 | |
| 9.5 | 8 | 5.5 | 4.6 | |
| 26.9 | 25.5 | 24.6 | 22.5 | |
| 1.8 | 1.8 | 1.5 | 1.2 | |
| 7.7 | 8.4 | 5.4 | 5.1 | |
| 0.1 | 0.6 | 0.1 | 0.3 | |
| 17.2 | 14.7 | 17.7 | 16 | |
| 26.9 | 25.5 | 24.6 | 22.5 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5 | 0.7 | −3.5 | 0.9 | |
| −0.1 | −0.4 | 1.9 | 0.4 | |
| −5.7 | 0.2 | 1.1 | −1.1 | |
| −0.9 | 0.4 | −0.5 | 0.2 | |
| −0.1 | −0.4 | −0.2 | −0.1 | |
| 4.9 | 0.2 | −3.7 | 0.9 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.