Perfect Octave Media Projects (BSE: OCTAVE) had a P/E of 11.3× on 6 Nov 2026, below the industry P/E of 15.3×, and the shares are 57% below their 52-week high. It earns ROCE of 9.8% and ROE of 10%, and sales fell 45% a year over 3 years while net profit grew 30%, though net profit is above operating profit, which points to a one-off gain. Debt is 0.17× equity. It is a small-cap company with a market cap of ₹10 Cr, ranked 16th of 16 Broadcasting companies by market cap; the shares fell 37% over the past year.
- ₹3.00
- ₹3.05
- ₹2.85
- ₹3.07
- 9.3K
Health check
- ReturnsBehind
−37.2% over a year, better than 2 of 7 peers.
- Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
- GrowthSlow
Sales −44.7%, profit +29.9% a year over 3 years.
- ProfitabilityWeak
ROCE 9.8% vs peer median 3.0%.
- Balance sheetFair
Debt 0.17× equity, interest covered 90.5×, Piotroski 5 of 9.
- Red flags4 to check
Quarterly sales down 46.8% on a year ago.
Small cap
Defensive
Key metrics
- Market cap
- ₹10 Cr
- Small cap
- P/E
- 11.3
- Industry 15.3
- Price to book
- 1.15
- Peers 0.52
- Dividend yield
- 0.00%
- ROE
- 10.2%
- Peers 1.1%
- ROCE
- 9.8%
- Peers 3.0%
- Debt to equity
- 0.17
- Debt ₹1.59 Cr
- EPS (TTM)
- ₹0.26
- OPM (TTM)
- −597.8%
- Net margin 389.4%
- Sales growth
- −46.8%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 44.74
Strengths and risks
Risks to check
- Quarterly sales down 46.8% on a year ago.
- Net profit is above operating profit, so a one-off gain is likely flattering earnings.
- 57% below its 52-week high.
- Interest coverage of only −130.0×.
About Perfect Octave Media Projects
Perfect Octave Media Projects Limited engages in the television broadcasting and content syndication business in India. It operates Insync, a music television channel and application, which showcases Indian classical and other non-film music genres, such as classical, sufi, ghazal, fusion, and dance. It also engages in content production, music label activities, event management, and artist management, subscription and video-on-demand platforms. The…
- Headquarters
- Mumbai
- Employees
- 7
- Sector
- Communication Services
- ISIN
- INE814L01013
- Website
- insyncmusic.net
Price range
- Avg volume (3M)
- 8.9K
- 1-year return
- minus 37.2%
- From 52-week high
- minus 56.9%
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% |
| OCTAVEPerfect Octave Media Projects | 2.95 | minus 3.91% | 10 | 11.3 | 1.15 | 9.8% | 10.2% | −597.8% | −44.7% | 29.9% | 0.00% | minus 37.2% |
| 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 |
|---|---|---|---|---|---|
| 0.1 | 0.1 | 0 | 0.1 | 0 | |
| 0.2 | 0.2 | 0.8 | 0.3 | 0.2 | |
| −0.2 | −0.1 | −0.8 | −0.3 | −0.2 | |
| −218.5% | −151.6% | −2336.2% | −370.4% | −484.5% | |
| 0 | 0 | 2.3 | −2.3 | 0 | |
| – | – | – | 0 | 0 | |
| – | – | – | 2.3 | – | |
| −0.2 | −0.1 | 1.5 | −0.3 | −0.2 | |
| −0.2 | −0.1 | 1.5 | −0.3 | −0.2 | |
| -0.05 | -0.04 | 0.42 | -0.07 | -0.05 |
Profit & loss
- Sales CAGR 3Y
- −44.7%
- Profit CAGR 3Y
- +29.9%
- EPS CAGR 3Y
- +31.0%
- ROE
- 10.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1.6 | 1.7 | 0.8 | 0.3 | |
| – | +7.4% | minus 54.1% | minus 65.8% | |
| 1 | 1.3 | 0.7 | 1.6 | |
| 0.5 | 0.4 | 0 | −1.3 | |
| 33.6% | 21.8% | 3.9% | −509.4% | |
| 0 | 0 | 0 | 0 | |
| 0.1 | 0.1 | 0 | 0 | |
| 0 | 0 | – | – | |
| 0 | – | – | 2.3 | |
| 0.4 | 0.2 | 0 | 0.9 | |
| 0.4 | 0.2 | 0 | 0.9 | |
| – | minus 46.3% | minus 95.1% | +8282.7% | |
| 0.12 | 0.07 | – | 0.27 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 34.7 | 34.7 | 34.7 | 34.7 | |
| −26.4 | −26.1 | −26.1 | −25.2 | |
| 3.4 | 3.2 | 3.3 | 1.6 | |
| 0.3 | 0.3 | 0.3 | 1.7 | |
| 12.1 | 12.1 | 12.2 | 12.8 | |
| 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | |
| 12 | 12 | 12.1 | 12.7 | |
| 12.1 | 12.1 | 12.2 | 12.8 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.9 | 0.5 | −0.1 | 0.2 | |
| – | −0 | – | −0.7 | |
| −0.9 | −0.5 | 0.1 | 0.5 | |
| 0 | −0 | 0 | 0 | |
| – | −0 | – | −0.7 | |
| 0.9 | 0.5 | −0.1 | −0.5 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders. Institutions hold about 3.2% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.