CMRSL

Cyber Media Research & Services financials

Market cap
₹23 Cr
Sector
Media, Entertainment & Publication
Calls analysed
4
Latest concall · Q4 FY26 · call held 21 May 2026

CMRSL Q4 FY26

Revenue ₹91.6 cr +21%EBITDA ₹5.42 cr +45%PAT ₹3.48 cr EPS ₹11.89 +50%

What went well

  • FY26 Revenue of INR 91.60 crore, up 20.62% YoY, outpacing the industry adex increase of 12%.
  • FY26 EBITDA of INR 5.42 crore, up 45.06% YoY, demonstrating commitment to margin improvement.
  • Q4 FY26 EBITDA jumped to INR 1.35 crore from INR 81.28 Lakh in Q4 FY25.

What to watch

  • Trade receivables increased by 29.05% (INR 7.77 crore) over the previous year, though days outstanding slightly improved.
  • Management acknowledged geopolitical uncertainty and macroeconomic impact on the Indian economy, but expects to outpace industry growth.
Read the full call →

What Cyber Media Research & Services Ltd does

Cyber Media Research & Services Ltd (CMRSL) runs three services lines: digital marketing/advertising (including programmatic and Connected TV campaigns), market research and data analytics (CMR), and publisher monetization. It earns revenue by managing paid digital campaigns for advertisers, monetizing publisher ad inventory, and delivering market-research/data-analytics engagements, with Google among its largest clients in both India and Singapore. The company has also built its own Martech technology platform, CMGalaxy, an AI-powered SaaS tool that helps brands manage paid marketing channels with full data management and performance-marketing optimization, alongside a client-servicing product, AuxoAds. It operates in India and internationally through its wholly owned Singapore subsidiary, Cyber Media Services Pte. Ltd.

Segments

  • Digital marketing / advertising
  • Market research & data analytics (CMR)
  • Publisher monetization
Business segments
3 (digital marketing/advertising, market research & data analytics, publisher monetization)
Employees
85 (as of March 31, 2025)
Geographic presence
India and Singapore (via wholly owned subsidiary)
Subsidiaries
1 (Cyber Media Services Pte. Ltd., Singapore)
CMGalaxy SaaS client logos onboarded (FY26)
12+
Digital marketing new client logos added (FY26)
50+
Headquarters New Delhi, IndiaEmployees 85 (FY25) Company website

Guidance record · Q4 FY26

what the last two calls moved 10 tracked 3 delivered 1 missed 6 open
  • Revenue Growth vs Industry delivered said Q4 FY25 Promised: We will grow faster than industry... we will aim to beat the market each quarter. Q4 FY26: Achieved for FY26. Full-year revenue grew 20.62% YoY, significantly outpacing the industry's reported 12% adex growth.
  • Corporate Governance / Transparency missed said Q4 FY25 Promised: The investor presentation will be updated and available on the website. Q4 FY26: No update provided. The promise made in Q4 FY25 remains unfulfilled a full year later.
  • Merger Timeline delayed said Q2 FY26 Promised: The merger is likely to take approx. six to nine months' time... expected that the merger will complete in the next financial year. Q4 FY26: Timeline revised. Original 6-9 month timeline from Q2 FY26 (ending Sep-26) pushed to Dec-26 to Mar-27 due to regulatory processes.

All 10 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 132.6%, net profit up 55.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue11 10 14 15 15 +34%14 +37%17 +23%34 +133%
EBITDA0 0 1 1 1 +124%1 +159%1 +57%2 +69%
Net profit0 0 1 1 1 +109%0 +33%1 +76%1 +55%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −6.6% 1Y

₹50.0₹60.0₹70.0₹80.0₹90.0Sept 25Oct 25Dec 25Jan 26Mar 26May 26Jun 26Aug 26Q2 FY26 — 6 Oct 2025Q2 FY26 — 11 Dec 2025Q4 FY26 — 22 May 2026

1Y: ₹83.5 on 10 Sept 2025 → ₹78. High ₹96.25 (26 Sept 2025), low ₹52.45 (30 Mar 2026).

Financials, as filed

Revenue grew 4.7% a year over 2 years, FY24 to FY26. Operating margin narrowed to 7.3%.

Year endingFY24FY25FY26
Revenue₹56 Cr₹49 Cr₹61 Cr
Operating profit₹5 Cr₹2 Cr₹4 Cr
Operating margin9.0%4.7%7.3%
Interest₹1 Cr₹1 Cr₹1 Cr
Depreciation₹0 Cr₹0 Cr₹0 Cr
Net profit₹3 Cr₹2 Cr₹3 Cr
Net margin4.7%3.7%5.3%
Cash from operations₹-1 Cr₹3 Cr₹1 Cr
Free cash flow₹-2 Cr₹3 Cr₹-0 Cr
ROCE27.5%14.5%24.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹1 Cr₹3 Cr₹3 Cr₹3 Cr₹3 Cr₹3 Cr
Reserves₹1 Cr₹1 Cr₹8 Cr₹10 Cr₹16 Cr₹14 Cr
Borrowings₹7 Cr₹10 Cr₹7 Cr₹9 Cr₹6 Cr₹5 Cr
Other liabilities₹6 Cr₹7 Cr₹10 Cr₹11 Cr₹22 Cr₹18 Cr
Total liabilities₹16 Cr₹20 Cr₹28 Cr₹33 Cr₹47 Cr₹41 Cr
Fixed assets₹0 Cr₹1 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr
Capital work in progress₹1 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr₹1 Cr
Other assets₹15 Cr₹19 Cr₹28 Cr₹33 Cr₹45 Cr₹38 Cr
Total assets₹16 Cr₹20 Cr₹28 Cr₹33 Cr₹47 Cr₹41 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, FIIs trimmed −1.12 pp while the public added +1.12 pp. The shareholder count shrank 10% to 424.

Promoters
42.4%
FIIs
0.9%
Public
56.6%

Since Jun 2025

  • FIIs −1.12 pp
  • Public +1.12 pp
  • Promoters 0.00 pp

How it drifted, 12 quarters

Over this window FIIs fell from 3.8% to 0.9% — −2.8 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 41.9%, FIIs 3.8%, Public 54.3%.Dec '23: Promoters 42.2%, FIIs 3.8%, Public 54.0%.Mar '24: Promoters 42.4%, FIIs 3.8%, Public 53.8%.Jun '24: Promoters 42.4%, FIIs 3.8%, Public 53.8%.Sep '24: Promoters 42.4%, FIIs 3.8%, Public 53.8%.Dec '24: Promoters 42.4%, FIIs 3.8%, Public 53.8%.Mar '25: Promoters 42.4%, FIIs 3.8%, Public 53.8%.Jun '25: Promoters 42.4%, FIIs 2.0%, Public 55.5%.Sep '25: Promoters 42.4%, FIIs 0.9%, Public 56.6%.Dec '25: Promoters 42.4%, FIIs 0.9%, Public 56.6%.Mar '26: Promoters 42.4%, FIIs 0.9%, Public 56.6%.Jun '26: Promoters 42.4%, FIIs 0.9%, Public 56.6%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Cyber Media Research & Services Ltd above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Cyber Media (India) Ltd 38.17%unchanged
Ansari Namra Firdaus Aamir Anjum 4.92%unchanged
Pradeep Gupta 4.00%unchanged
Rohitsava Chand 3.08%unchanged
Sidharth Jain 1.91%−0.14 pp
Ciji Sebastian 1.39%+0.27 pp
Krishnan Ramdas 1.37%unchanged
Ramesh Prakasan Nair 1.26%unchanged
Sagar Kantilal Jain 1.20%unchanged
Abhinav Ashok Shrirao 1.09%unchanged
Mahesh Dinkar Vaze 1.08%unchanged
Pramod Gupta 1.08%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Attractive

To justify its price of ₹78, this stock must grow earnings at -8% every year for 7 years. Our analysis caps realistic growth at ~11%. At that growth it is worth ₹218 — upside of 180%.

Growth the price implies
-8.2% a year
for 7 years, fading to 4%
It has actually compounded at
10.6% a year
net profit, FY24–FY26 · EPS 10.6%
The gap
-0.2 pp
180% downside if it only repeats history
Price today ₹78 Value at the reference growth ₹218.44

Change the assumptions yourself →

All earnings calls (3)

Read the Q4 FY26 call →

Learn to analyse Cyber Media Research & Services Ltd

Guides on how to read this kind of business and the numbers that matter.