---
title: "Maagh Advertising & Marketing Services Ltd (543624) — Share Price, Financials & Analysis"
symbol: "543624"
company: "Maagh Advertising & Marketing Services Ltd"
canonical: "https://tapetide.com/stocks/543624"
isin: "INE0KY201021"
bse_code: "543624"
sector: "Consumer Discretionary"
industry: "Media"
generated_at: "2026-09-13T18:27:39.054Z"
---

# Maagh Advertising & Marketing Services Ltd (543624)

Canonical page: https://tapetide.com/stocks/543624

## Company

- **BSE Code:** 543624
- **ISIN:** INE0KY201021
- **Sector:** Consumer Discretionary
- **Industry:** Media
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** maaghadvertising.in

## About

Incorporated in 2013, Maagh Advertising 
 and Marketing Services Ltd provides 
 services to Media and Technologies 
 industries[1]

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.

### Weaknesses

- Stock is trading at 7.20 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -62.6% over past five years.
- Promoter holding is low: 9.91%
- Company has a low return on equity of 1.80% over last 3 years.
- Company has high debtors of 17,784 days.
- Promoter holding has decreased over last 3 years: -44.0%
- Working capital days have increased from 8,801 days to 26,016 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -137% | — | — |
| revenue growth | -99% | -79% | -63% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 12.21 | 11.99 | 9.59 | 21.55 | 27 | 15.9 | 0.15 | 0.09 | 0.09 |
| Expenses | 11.42 | 11.14 | 8.97 | 19.4 | 24.96 | 14.4 | 0.48 | 0.1 | 0.04 |
| Operating Profit | 0.79 | 0.85 | 0.62 | 2.15 | 2.04 | 1.5 | -0.33 | -0.01 | 0.05 |
| OPM % | 6.47 | 7.09 | 6.47 | 9.98 | 7.56 | 9.43 | -220 | -11.11 | 55.56 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.37 | 0.4 | 0.29 | 0.45 | 0.41 | 0.37 | 0.22 | 0.2 | 0.18 |
| Profit before tax | 0.42 | 0.45 | 0.33 | 1.7 | 1.63 | 1.13 | -0.55 | -0.21 | -0.13 |
| Tax % | 26.19 | 26.67 | 24.24 | 25.29 | 24.54 | 24.78 | -25.45 | -23.81 | -107.69 |
| Net Profit | 0.31 | 0.33 | 0.24 | 1.27 | 1.22 | 0.85 | -0.42 | -0.16 | 0.01 |
| EPS in Rs | 0.14 | 0.15 | 0.05 | 0.06 | 0.05 | 0.04 | -0.02 | -0.01 | 0 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 29.9 | 52.61 | 24.55 | 21.8 | 20.03 | 48.55 | 16.05 | 0.18 |
| Expenses | 28.34 | 50.73 | 22.69 | 20.38 | 18.56 | 44.36 | 14.88 | 0.14 |
| Operating Profit | 1.56 | 1.88 | 1.86 | 1.42 | 1.47 | 4.19 | 1.17 | 0.04 |
| OPM % | 5.22 | 3.57 | 7.58 | 6.51 | 7.34 | 8.63 | 7.29 | 22.22 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.84 | 0.84 | 0.86 | 0.67 | 0.7 | 0.86 | 0.59 | 0.39 |
| Profit before tax | 0.72 | 1.04 | 1 | 0.75 | 0.77 | 3.33 | 0.58 | -0.35 |
| Tax % | 26.39 | 20.19 | 24 | 25.33 | 28.57 | 25.53 | 25.86 | -57.14 |
| Net Profit | 0.54 | 0.83 | 0.76 | 0.56 | 0.55 | 2.49 | 0.43 | -0.16 |
| EPS in Rs | — | — | — | 0.24 | 0.12 | 0.11 | 0.02 | -0.01 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | — | 0.01 | 0.01 | 1.76 | 3.28 | 22.5 | 22.5 | 22.5 |
| Reserves | — | 3 | 3.72 | 2.62 | 10.69 | 0.51 | 57.1 | 56.9 |
| Borrowings | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | — | 10.4 | 7.82 | 8.51 | 3.45 | 2.21 | 1.53 | 1.25 |
| Total Liabilities | — | 13.41 | 11.55 | 12.89 | 17.42 | 25.22 | 81.13 | 80.65 |
| Fixed Assets | — | 3.78 | 2.93 | 3.43 | 2.73 | 4.09 | 58.4 | 58.07 |
| CWIP | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | — | 2.29 | 2.29 | 2.29 | 2.29 | 3.58 | 5.17 | 5.17 |
| Other Assets | — | 7.34 | 6.33 | 7.17 | 12.4 | 17.55 | 17.56 | 17.41 |
| Total Assets | — | 13.41 | 11.55 | 12.89 | 17.42 | 25.22 | 81.13 | 80.65 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | 1.05 | 0.99 | 0.88 | -8.79 | -0.9 | 1.01 | -0.02 |
| Cash from Investing Activity | — | -0.83 | -0.84 | -1.17 | 0 | -1.78 | -1.59 | 0 |
| Cash from Financing Activity | — | 0 | 0 | 0 | 9.12 | 2.71 | 0 | 0 |
| Net Cash Flow | — | 0.22 | 0.15 | -0.29 | 0.33 | 0.03 | -0.58 | -0.02 |
| Free Cash Flow | — | 0.22 | 0.99 | -0.29 | -8.79 | -1.4 | -0.58 | -0.02 |
| CFO/OP | — | 64 | 68 | 77 | -581 | -39 | 93 | -50 |

### Ratios

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | — | 40.59 | 57.24 | 81.71 | 157.44 | 64.65 | 203.99 | 17783.61 |
| Inventory Days | — | — | — | — | — | — | 0 | — |
| Cash Conversion Cycle | — | 40.59 | 57.24 | 81.71 | 157.44 | 64.65 | 203.99 | 17783.61 |
| Working Capital Days | — | -24.28 | -43.41 | -44.87 | 169.47 | 97.51 | 289.27 | 26016.39 |
| ROCE % | — | — | 25.64 | 16.23 | 7.87 | 17.7 | 1.13 | -0.44 |

## Shareholding Pattern

### annual

| Category | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Promoters | 53.63% | 9.83% | 9.91% | 9.91% |
| Public | 46.37% | 90.17% | 90.09% | 90.09% |
| No. of Shareholders | 127 | 133 | 103 | 106 |

### Quarterly

| Category | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 53.63% | 53.94% | 53.94% | 9.83% | 9.83% | 9.83% | 9.91% | 9.91% | 9.91% | 9.91% | 9.91% | 9.91% |
| Public | 46.37% | 46.07% | 46.06% | 90.16% | 90.17% | 90.17% | 90.1% | 90.09% | 90.09% | 90.09% | 90.09% | 90.09% |
| No. of Shareholders | 127 | 105 | 105 | 105 | 133 | 111 | 100 | 103 | 104 | 104 | 104 | 106 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 0 / 7 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 32.55 | Sell |
| EMA (10) | 32.94 | Sell |
| SMA (20) | 34.87 | Sell |
| EMA (20) | 34.14 | Sell |
| SMA (50) | 35.77 | Sell |
| EMA (50) | 35.99 | Sell |
| SMA (100) | 38.27 | Sell |
| EMA (100) | 38.8 | Sell |
| SMA (200) | 45.7 | Sell |
| EMA (200) | 42.23 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 38.79 | Neutral |
| MACD (12,26,9) | -1.4 | Sell |
| Stochastic (14,3,3) | 22.75 | Neutral |
| ADX (14) | 19.65 | Neutral |
| Williams %R (14) | -71.84 | Neutral |
| ATR (14) | 2.32 | High Volatility |
| ROC (12) | -13.32 | Sell |
| Stoch RSI (14) | 28.43 | Neutral |
| UO (7,14,28) | 38.24 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-07-14 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=799ed47e-27ab-42e4-bbd4-c6d1d0185701.pdf) |
| 2026-06-23 | [Results -Financial Results As On 31.03.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5e103292-e737-48a7-bfe0-b6830c793f15.pdf) |
| 2026-06-18 | [Results-Delay in Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b12cff12-4195-4332-aa5d-5f65d9c02e3f.pdf) |
| 2026-06-16 | [Audited Results For The Half And Year Ended 31.03.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cf619451-3c6c-4add-baa9-2a366d6ff7c0.pdf) |
| 2026-06-13 | [Declaration Under Regulation 31(4)Of Securities And Exchange Board Of India (Substantial Acquisition & Takeovers) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d493a846-a306-4823-889e-962b8da7355f.pdf) |
| 2026-06-09 | [Board Meeting Outcome for Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4fd200ea-0266-47b7-9e5a-eda3789086fc.pdf) |
| 2026-06-09 | [Board Meeting Intimation for Board Meeting Pursuant To Regulation 29 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f5b71ed4-4465-4703-ad92-4c899f8130de.pdf) |
| 2026-04-11 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=83d57a18-3e9f-4d82-b8b5-8cb386656f3a.pdf) |
| 2026-01-21 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=17470713-6582-4b89-a472-f036b787d331.pdf) |
| 2025-12-31 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e30b90a5-e50d-4e93-a3be-7878a1f2d9d4.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 7 Apr 2025 - The Working Committee of the Board at their meeting held today, have inter alia (i) Noted the receipt of the certified copy of the order … | [Announcement under Regulation 30 (LODR)-Scheme of Arrangement 7 Apr 2025 - The Working Committee of the Board at their meeting held today, have inter alia (i) Noted the receipt of the certified copy of the order …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a44feba6-cf98-4446-85d6-41d2ffb4365c.pdf) |
| 4 Apr 2025 - Certificate under Regulation 74(5) for Q1 2025. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 4 Apr 2025 - Certificate under Regulation 74(5) for Q1 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/147e8df4-dd2f-47af-b6c8-12a5a0e2a073.pdf) |
| 30 Mar 2025 - Closure of trading window from March 31 to May 29, 2025. | [Closure of Trading Window 30 Mar 2025 - Closure of trading window from March 31 to May 29, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fdeaf471-08b2-410a-9657-72fe3cc25748.pdf) |
| 21 Jan - SUBMISSION OF COMPLIANCE CERTIFICATE UNDER REGULATION 74(5) OF SEBI (DP) REGULATION, 2018 FOR THE QUARTER ENDED 31ST DECEMBER, 2025. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 21 Jan - SUBMISSION OF COMPLIANCE CERTIFICATE UNDER REGULATION 74(5) OF SEBI (DP) REGULATION, 2018 FOR THE QUARTER ENDED 31ST DECEMBER, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/17470713-6582-4b89-a472-f036b787d331.pdf) |
| 11 Jul 2025 - SUBMISSION OF CERTIFICATE UNDER REGULATION 74(5) OF SEBI (DP) REGULATIONS, 2018 FOR THE QUARTER ENDED 30TH JUNE, 2025. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 11 Jul 2025 - SUBMISSION OF CERTIFICATE UNDER REGULATION 74(5) OF SEBI (DP) REGULATIONS, 2018 FOR THE QUARTER ENDED 30TH JUNE, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/688890c6-5e99-4fbd-b077-b30753a8e7f3.pdf) |
| 11 Apr - Regulation 74(5) certificate filed for quarter ended 31 March 2026; no physical shares received for demat. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 11 Apr - Regulation 74(5) certificate filed for quarter ended 31 March 2026; no physical shares received for demat.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/83d57a18-3e9f-4d82-b8b5-8cb386656f3a.pdf) |
| 10 Oct 2025 - Regulation 74(5) certificate for Jul–Sep 2025: no physical share certificates received for dematerialisation. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 10 Oct 2025 - Regulation 74(5) certificate for Jul–Sep 2025: no physical share certificates received for dematerialisation.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2ba15857-707d-41d8-97ca-43e8eba34a9f.pdf) |
| — | [Closure of Trading Window 31 Dec 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e30b90a5-e50d-4e93-a3be-7878a1f2d9d4.pdf) |
| — | [Closure of Trading Window 29 Sep 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5271766c-501d-4096-b15e-985e9bf95ce8.pdf) |
| — | [Corporate Action- Fixes Record Date For Merger 7 Apr 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/afdda7a5-9a19-4103-99d8-4a97674e536b.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2022 | [Concall - Oct 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/28ce90c7-2bb8-4b50-988f-6c0157fcdd8e.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8ad19296-4ef6-4104-9f40-5cd7120872fe.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/40e20e39-67d6-49ee-a745-49b3ed27883f.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/95d5a73a-cb7d-4ad1-8759-319f9f600fca.pdf) |
| Nov 2020 | [Concall - Nov 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ae88ad23-8e7b-45af-b270-ee5a826820dc.pdf) |
| Nov 2019 | [Concall - Nov 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3200b5d5-c217-4b5d-ad72-037f652c88f3.pdf) |
| Nov 2018 | [Concall - Nov 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/11/b5f534ad-0f2c-41fd-a42c-019fbf30a1ca.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/11ce7a87-7b4c-4cce-9379-692c8b96ff31.pdf) |
| May 2023 | [Concall - May 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/571df167-d1a5-481d-bf88-57b3cd1adf60.pdf) |
| May 2022 | [Concall - May 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/03ccfb15-6442-4f3b-8137-f4afede60f90.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2012 from nse](https://archives.nseindia.com/annual_reports/AR_RBL_2011_2012_25062012125654.zip) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4398e4de-75da-4e3f-93bd-3fad82f9a21a.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7c36d6e7-97e5-4cb4-b54f-cab0312c5c7c.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/14fe2145-8b92-4c42-a7b3-3cb0cd1d0d31.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5e4e5d1d-e900-411f-ae91-c96c6c0c02a9.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/532987/73072532987.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/532987/68694532987.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/532987/5329870320.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/532987/5329870319.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/532987/5329870318.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:27:39.054Z.