Esha Media Research (BSE 531259)₹52.70+5.40%Advertising & Media Agencies
In the Mar 2026 quarter (standalone), Esha Media Research reported sales of ₹0.59 Cr, up 37.2% from Mar 2025, and net profit of ₹1.81 Cr. For the year to Mar 2026, sales were ₹2.33 Cr and net profit ₹0.49 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.05 | 0.04 | 0.05 | 0.04 | 1.16 | 0.39 | 1.22 | 0.43 | 0.55 | 0.71 | 0.52 | 0.59 |
| Expenses | 0.07 | 0.03 | 0.04 | 0.12 | 0.80 | 1.03 | 1.03 | 0.90 | 0.89 | 0.96 | 1.03 | 2.71 |
| Operating Profit | −0.03 | 0.02 | 0.02 | −0.09 | 0.37 | −0.65 | 0.20 | −0.46 | −0.33 | −0.26 | −0.52 | −2.13 |
| OPM % | −50.0% | 33.3% | 25.0% | −266.7% | 31.3% | −168.5% | 15.7% | −111.9% | −63.0% | −35.7% | −100.1% | −365.6% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.09 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.31 | 0.00 | 0.02 | 0.03 | 0.10 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.04 | 0.02 | 0.07 | 0.07 | 0.06 | 0.04 | 0.06 |
| Profit before tax | −0.01 | 0.00 | 0.00 | −0.07 | 0.34 | −0.68 | 0.17 | −0.84 | −0.40 | −0.32 | −0.57 | 1.79 |
| Tax % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 440.5% | 0.0% | −50.7% | 0.0% | 0.0% | 0.0% | 0.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.99 |
| Net Profit | −0.03 | 0.02 | 0.00 | −0.09 | 0.36 | −3.74 | 0.19 | −0.43 | −0.42 | −0.35 | −0.59 | 1.81 |
| EPS (Rs) | −0.02 | 0.00 | 0.00 | −0.09 | 0.44 | −4.77 | 0.22 | −0.53 | −0.52 | −0.43 | −0.73 | 2.30 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 9.17 | 0.41 | 0.00 | 0.09 | 0.11 | 0.18 | 0.21 | 0.09 | 0.15 | 3.17 | 2.33 | 2.37 |
| Expenses | 8.41 | 3.62 | 2.72 | 4.95 | 0.27 | 0.24 | 0.35 | 0.25 | 0.23 | 3.74 | 5.55 | 5.59 |
| Operating Profit | 0.77 | −3.20 | −2.72 | −4.87 | −0.17 | −0.07 | −0.15 | −0.17 | −0.09 | −0.56 | −3.23 | −3.24 |
| OPM % | 8.3% | −802.6% | — | −6,075.1% | −160.1% | −35.3% | −70.1% | −200.1% | −57.2% | −18.1% | −138.8% | −136.7% |
| Other Income | 0.00 | 0.02 | 0.13 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.09 | 4.09 |
| Interest | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.31 | 0.18 | 0.15 |
| Depreciation | 1.85 | 1.16 | 1.07 | 0.50 | 0.26 | 0.04 | 0.01 | 0.02 | 0.02 | 0.15 | 0.20 | 0.23 |
| Profit before tax | −1.09 | −4.36 | −3.65 | −5.34 | −0.40 | −0.09 | −0.16 | −0.16 | −0.08 | −1.02 | 0.47 | 0.50 |
| Tax % | −24.6% | −5.3% | −4.1% | −2.1% | −9.8% | −150.1% | 0.0% | 0.0% | 0.0% | 252.4% | 0.0% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.05 | 3.99 |
| Net Profit | −0.84 | −4.15 | −3.53 | −5.25 | −0.36 | 0.06 | −0.18 | −0.19 | −0.10 | −3.64 | 0.49 | 0.45 |
| EPS (Rs) | −1.05 | −5.29 | −4.50 | −6.70 | −0.46 | 0.05 | −0.21 | −0.22 | −0.11 | −4.64 | 0.60 | 0.62 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8.32 | 8.31 | 8.32 | 8.32 | 8.32 | 8.32 | 8.32 | 7.83 | 7.83 | 7.83 | 7.83 | 7.83 |
| Reserves | −1.10 | −1.94 | −6.09 | −9.62 | −14.87 | −15.24 | −15.19 | −14.86 | −15.04 | −15.14 | −18.77 | −18.30 |
| Borrowings | 5.26 | 6.12 | 6.53 | 7.03 | 7.21 | 7.46 | 7.54 | 7.67 | 7.74 | 7.79 | 9.10 | 6.39 |
| Other Liabilities | 2.10 | 1.88 | 1.93 | 1.44 | 1.20 | 1.17 | 1.09 | 1.09 | 1.11 | 1.13 | 3.16 | 5.37 |
| Total Liabilities | 14.58 | 14.37 | 10.69 | 7.17 | 1.86 | 1.71 | 1.76 | 1.73 | 1.64 | 1.61 | 1.32 | 1.29 |
| Fixed Assets | 4.82 | 3.03 | 1.90 | 0.84 | 0.36 | 0.11 | 0.08 | 0.06 | 0.05 | 0.03 | 0.91 | 0.48 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 9.76 | 11.34 | 8.79 | 6.33 | 1.50 | 1.60 | 1.68 | 1.67 | 1.59 | 1.58 | 0.41 | 0.81 |
| Trade receivables | 8.07 | 9.77 | 7.28 | 4.76 | 0.00 | 0.04 | 0.10 | 0.09 | 0.03 | 0.10 | 0.15 | 0.24 |
| Cash & equivalents | 0.06 | 0.11 | 0.03 | 0.06 | 0.06 | 0.11 | 0.11 | 0.11 | 0.11 | 0.00 | 0.09 | 0.08 |
| Total Assets | 14.58 | 14.37 | 10.69 | 7.17 | 1.86 | 1.71 | 1.76 | 1.73 | 1.64 | 1.61 | 1.32 | 1.29 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | −1.09 | −1.09 | −0.48 | −0.47 | −0.19 | −0.20 | −0.09 | −0.15 | −0.09 | −0.16 | −0.21 | −1.20 |
| Cash from investing activity | −0.01 | −0.02 | −0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −0.08 | −0.20 |
| Cash from financing activity | 0.98 | 0.98 | 0.40 | 0.49 | 0.16 | 0.24 | 0.07 | 0.13 | 0.06 | 0.05 | 0.36 | 1.38 |
| Net cash flow | −0.12 | −0.12 | −0.09 | 0.05 | 0.00 | 0.06 | 0.00 | 0.00 | −0.02 | −0.10 | 0.09 | 0.00 |
| Capex | 0.01 | 0.02 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.09 | 0.20 |
| Free cash flow | −1.09 | −1.10 | −0.48 | −0.45 | −0.17 | −0.18 | −0.07 | −0.13 | −0.07 | −0.14 | −0.29 | −1.39 |
| CFO / OP % | −31.9% | −142.0% | 15.1% | 17.0% | 4.0% | 119.0% | 133.1% | 100.0% | 50.1% | 188.1% | 16.1% | 31.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 266 | 389 | 6,625 | — | 0 | 110 | 193 | 146 | 91 | 235 | 16 | 36 |
| Inventory days | 0 | 0 | 0 | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | 267 | 390 | 6,626 | — | 0 | 110 | 194 | 147 | 92 | 236 | 17 | 37 |
| Working capital days | 274 | 390 | 6,442 | — | 1,369 | 1,204 | 751 | 657 | 1,278 | −2,294 | −1,310 | −1,743 |
| ROCE % | 2.8% | −8.6% | −40.9% | −50.2% | −165.9% | −65.1% | −14.2% | −23.4% | −27.6% | −16.7% | — | — |
For the Mar 2026 quarter, Esha Media Research reported sales of ₹0.59 Cr, up 37.2% year on year and net profit of ₹1.81 Cr. The operating margin was −365.6%.
Esha Media Research's sales for the year to Mar 2026 were ₹2.33 Cr; over the last twelve months they were ₹2.37 Cr.
Net profit for the year to Mar 2026 was ₹0.49 Cr, and ₹0.45 Cr over the last twelve months. Earnings per share over the same trailing period were ₹0.62.
Esha Media Research reported borrowings of ₹6.39 Cr at Mar 2026, against cash and equivalents of ₹0.08 Cr.
Cash from operations was −₹1.20 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹1.39 Cr.