BCG share price target 2024, 2025, 2030: Hello friends, in this post we will discuss another small price stock that is very capable of multiplying your money. The company is profitable and gives good returns to the investors. Friends, we are talking about Brightcom Group Ltd.
Brightcom Group Ltd was founded in 2010 and offers Digital Marketing solutions to various businesses and agencies. The company is headquartered in Hyderabad.
Brightcom Group’s clients are big bluechip companies like Airtel, British Airways, Coca-Cola, Hyundai Motors, ICICI Bank, ITC, ING, Lenovo, LIC, Maruti Suzuki, MTV, P&G, Qatar Airways, Samsung etc.
Brightcom works with agencies like Havas Digital, JWT, Mediacom, Mindshare, Ogilvy One, OMD, Satchi & Satchi, TBWA, and ZenithOptiMedia, to name a few.
Brightcom is also present globally in 25 countries like the United States of America, UK, Israel, Western Europe and Asia Pacific regions.
| About Brightcom Group Ltd | Particulars |
|---|---|
| Company Name | Brightcom Group Ltd |
| BSE share code | 532368 |
| NSE code | BCG |
| Headquarters | Hyderabad (Telangana) |
| Foundation | 2010 |
| Key Person | M Suresh Kumar Reddy (Chairman) |
| Market Cap | ₹ 3,249 Cr. |
| 52 Week High | Rs 36.45 |
| 52 Week Low | Rs 9.35 |
| Official Website | Brightcom Group website |
Services provided by Brightcom Group
Brightcom Group provides its services in three segments.
AdTech and Digital Marketing Division
Brightcom Group provides advertisement services to its clients like Video advertisement, Display Ads, Marketing performance, Search Marketing, Lead generation, Mobile marketing, Social media marketing etc. These services help company’s clients to enhance their visibility online and connect with their customers better.
Software Services Division
Some clients of Brightcom have unique software requirements. Brightcom Group creates specialized platforms that address particular client needs.
Future Technologies Division
In the field of digital marketing trends keep changing and new marketing techniques keep coming every month. The Future Technologies Division at Brightcom focuses on the latest trends in the digital marketing field.
BCG share price target 2024-2030 table
| BCG share price target table | 1st target | 2nd target |
|---|---|---|
| BCG share price target 2024 | ₹ 30.42 | ₹ 32.49 |
| BCG share price target 2025 | ₹ 53.11 | ₹ 57.49 |
| BCG share price target 2026 | ₹ 64.17 | ₹ 69.77 |
| BCG share price target 2027 | ₹ 79.26 | ₹ 85.24 |
| BCG share price target 2028 | ₹ 102.97 | ₹ 105.55 |
| BCG share price target 2029 | ₹ 117.27 | ₹ 122.49 |
| BCG share price target 2030 | ₹ 139.88 | ₹ 146.69 |
Some important financial ratios of Brightcom Group Ltd
| Parameter | Value |
|---|---|
| Market Cap | ₹ 3,249 Cr |
| Current Price | ₹ 16.1 |
| High / Low | ₹ 36.8 / 9.27 |
| ROCE | 30.9 % |
| ROE | 22.3 % |
| Profit after tax | ₹ 1,415 Cr. |
| Price to Earning | 2.30 |
| Debt | ₹ 0.00 Cr. |
| Sales growth | 30.1 % |
| Profit growth | 30.6 % |
| Industry PE | 35.3 |
| Return over 1 year | -13.0 % |
| Return over 3 year | 61.2 % |
Market Cap
Brightcom has a market cap of Rs 3299 crores which makes it a Mid-cap company. Midcap companies are better than small cap companies because these companies have achieved a certain level of sustainability. The investors also see growth potential in such companies.
Stock price
The share of the company is currently trading at Rs 16.4 against a book value of Rs 34.7 per share. The higher book value is a good sign that shows that the company has substantial assets.
Stock P/E
The stock P/E is just 2.33 which shows that the stock is trading relatively low multiple compared to the earnings. The industry P/E of 35.3 also testifies that the share is undervalued compared to the competitor companies.
ROCE and ROE
The company has also generated very good ROCE of 30.9% in the trailing twelve months. The high ROCE shows that the company is using its capital very well and earning good profits from it.
Brightcom is also making good returns on shareholders equity at 22.3%. Company is utilizing shareholders funds very well.
Sales Growth
Looking at the sales growth which has been 30% in the trailing twelve months shows that the company is getting orders from its existing clients and also from new clients.
Profit Growth
The net profit has also increased by 30.6% showing operational efficiency and cost management. Along with great profits the company has no debt at all. This shows that the company has enough money through equity and does not require any debt.
Overall Brightcom Group Ltd. has great financials and having no debt is cherry on the cake. We will discuss the profit and loss statement in detail a little later in this post.
BCG share price target 2024
After the covid 19 pandemic, digital ads have become the go to strategy for the brands. The pandemic is over but people have moved more towards online content consumption. While they consume the content, the brands market their products via online ads.
Due to the increase in online advertisement, Brightcom’s sales have also grown. The sales of the company used to hover around Rs 2000 crores since 2020 and after the pandemic, the sales have grown to Rs 7000 crores. This is a massive boost and the growth is expected to sustain.
The initial price target for BCG in 2024 is projected to be ₹30.42.
With favourable market conditions, the mid-year price target for Brightcom group could reach ₹31.00.
By the end of 2024, the price target for BCG is expected to potentially reach ₹32.49, considering bullish market trends.
BCG share price target 2024 is as follows
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2024 | ₹ 30.42 | ₹ 32.49 |
BCG share price target 2025
Not only sales, Brightcom’s net profit has also increased over the past 5 years. The net profit in 2020 was Rs 440 crores which has increased to Rs 1415 crores in trailing twelve months.
Brightcom has also given the investors 60% returns on average in the last 3 years. Right now the stock is undervalued and probably at the right price to buy. The brands like Yahoo, Google, American express are reliable clients, so the company can easily sustain the growth.
The initial price target for BCG in 2025 is projected to be ₹53.11.
With favourable market conditions, the mid-year price target for Brightcom group could reach ₹56.44.
By the end of 2025, the price target for BCG is expected to potentially reach ₹57.49, considering bullish market trends.
BCG share price target 2025 is as follows
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2025 | ₹ 53.11 | ₹ 57.49 |
BCG share price target 2026
The initial price target for BCG in 2026 is projected to be ₹64.17.
With favourable market conditions, the mid-year price target for Brightcom group could reach ₹67.11.
By the end of 2026, the price target for BCG is expected to potentially reach ₹69.77, considering bullish market trends.
BCG share price target 2026 is as follows
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2026 | ₹ 64.17 | ₹ 69.77 |
Also Read: Hathway Cable share price target
BCG share price target 2027
The initial price target for BCG in 2027 is projected to be ₹79.26.
With favourable market conditions, the mid-year price target for Brightcom group could reach ₹83.16.
By the end of 2027, the price target for BCG is expected to potentially reach ₹85.24, considering bullish market trends.
BCG share price target 2027 is as follows
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2027 | ₹ 79.26 | ₹ 85.24 |
BCG share price target 2028
The initial price target for BCG in 2028is projected to be ₹102.97.
With favourable market conditions, the mid-year price target for Brightcom group could reach ₹104.
By the end of 2028, the price target for BCG is expected to potentially reach ₹105.55, considering bullish market trends.
BCG share price target 2028 is as follows
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2028 | ₹ 102.97 | ₹ 105.55 |
BCG share price target 2029
The initial price target for BCG in 2029 is projected to be ₹117.27.
With favourable market conditions, the mid-year price target for Brightcom group could reach ₹119.10.
By the end of 2029, the price target for BCG is expected to potentially reach ₹122.49, considering bullish market trends.
BCG share price target 2029 is as follows
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2029 | ₹ 117.27 | ₹ 122.49 |
BCG share price target 2030
This year AI (Artificial Intelligence) has taken the world by storm. AI has made video and image creating and editing so much easier. This is only the beginning and AI tech will evolve way more in the next 10 years.
Brightcom Group has realised the importance of AI in coming years. In the next few years, AI will remain the core driver of all of the company’s platforms.
The digital advertisement spend crossed the $500 BN mark for the first time in 2022. If that’s not impressive enough, the digital advertising market is forecast to continue growing and reach $756.47 billion in 2024 and $820.24 billion in 2025.
The initial price target for BCG in 2030 is projected to be ₹139.88.
With favourable market conditions, the mid-year price target for Brightcom group could reach ₹142.77.
By the end of 2030, the price target for BCG is expected to potentially reach ₹146.69, considering bullish market trends.
BCG share price target 2030 is as follows
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2030 | ₹ 139.88 | ₹ 146.69 |
Also Read: Avantel share price target
Profit and Loss analysis of Brightcom Group Ltd.
Consolidated Figures in Rs. Crores
| Parameter | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
|---|---|---|---|---|---|
| Sales | 2,692 | 2,856 | 5,020 | 7,397 | 7,606 |
| Expenses | 1,904 | 1,990 | 3,513 | 5,224 | 5,372 |
| Operating Profit | 789 | 865 | 1,507 | 2,173 | 2,235 |
| OPM % | 29% | 30% | 30% | 29% | 29% |
| Other Income | 14 | 21 | -2 | -6 | -3 |
| Interest | 6 | 0 | 0 | 0 | 0 |
| Depreciation | 180 | 226 | 246 | 266 | 272 |
| Profit before tax | 617 | 660 | 1,258 | 1,900 | 1,959 |
| Tax % | 29% | 27% | 27% | 28% | |
| Net Profit | 440 | 483 | 912 | 1,371 | 1,415 |
| EPS in Rs | 4.44 | 4.57 | 4.52 | 6.79 | 7.02 |
| Dividend Payout % | 1% | 1% | 7% | 1% |
If we look at the sales numbers of Brightcom Group in the last 5 years, we can see that the company’s sales have grown by atleast 25% every year. In 2020 the company made a sales of 2692 crores and in the trailing twelve months this number was Rs 7606 crores.
The expenses have also increased but proportionately. In 2020 the expenses were Rs 789 crores that have increased to Rs 2235 crores.
The good thing is that despite the increase in the expenses, the operating profit has also increased. This shows that the company’s expenses never exceeded the revenue. The operating profit has stayed consistent at 29%.
The net profit has also increased from Rs 440 crores to Rs 1415 crores. The increase in net profit shows that the company is managing its costs and expenses very well and beating the inflation with the sales growth.
All in all the profit and loss statement of Brightcom Group has nothing to be worry about. In Fact the company is growing steadily and making good profits for itself and returns for the investors.
Shareholding patterns of Brightcom Group Ltd.
Numbers in percentages
| Shareholder | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Dec 2023 |
|---|---|---|---|---|---|---|---|---|---|
| Promoters | 34.37% | 27.64% | 20.00% | 18.32% | 13.97% | 7.24% | 3.51% | 18.48% | 18.38% |
| FIIs | 20.21% | 20.43% | 15.65% | 7.25% | 7.25% | 0.72% | 12.15% | 15.79% | 10.53% |
| DIIs | 0.75% | 0.71% | 0.72% | 0.71% | 0.71% | 0.00% | 0.00% | 0.08% | 0.17% |
| Public | 44.67% | 51.23% | 63.62% | 73.73% | 78.07% | 92.04% | 84.34% | 65.66% | 70.92% |
| No. of Shareholders | 19,804 | 27,332 | 34,140 | 32,105 | 28,946 | 65,061 | 2,67,918 | 4,41,511 | 5,75,405 |
The investors get a fair idea of company’s ownership by studying the shareholding patterns of the company and how it might affect the share price. In this segment we will analyse the shareholding patterns of Brightcom so the investors can make better investment decisions.
Promoters shareholding is very important and till 2021, the promoters held 7.24% only. The promoters have slowly increased their share since then to 18.38% which is still very low and generally over 50% of promoters shareholding is considered positive.
FIIs increased their share from 0.72% in 2021 to 15.79% in March 2023 and then decreased it to 10.53% in Dec 2023. The increase in FII shareholding is decent and might boost trust of investors in the company.
DIIs have an insignificant share of only 0.17% right now which is very low and goes to show that the company has either not come on their radar or they are not interested to invest.
Public shareholding was 92.04% in 2021 which has dropped to 70.92% in 2023 but still this is a significant share in the hands of the public. When the general investors or the public have such a big chunk of company’s share, market sentiments might create a sudden panic buying or selling which can trigger a price rise or fall anytime.
Conclusion
Brightcom Group Ltd or BCG is a very good stock at a price point of Rs 16. The reasons for the stock being worthy of your investment are many. Firstly, the stock is undervalued and the P/E is low. The company has given good returns in recent years. The sales and profits are rising every year. The company has no debt to pay off. Clients like Google, Yahoo etc are the loyal customers of the company, that is why the company will never be short of orders. The company is adapting to AI tech as well. In summary, this is a very good stock for the long and short term. However, we would recommend you to do your detailed research before investing.
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