---
title: "B.A.G. Convergence Ltd (BAGDIGITAL) — Share Price, Financials & Analysis"
symbol: "BAGDIGITAL"
company: "B.A.G. Convergence Ltd"
canonical: "https://tapetide.com/stocks/BAGDIGITAL"
isin: "INE17CQ01015"
nse_symbol: "BAGDIGITAL"
sector: "Media"
industry: "Digital Entertainment"
market_cap_cr: 222.16
generated_at: "2026-09-13T19:29:34.372Z"
---

# B.A.G. Convergence Ltd (BAGDIGITAL)

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

## Company

- **NSE Symbol:** BAGDIGITAL
- **ISIN:** INE17CQ01015
- **Sector:** Media
- **Industry:** Digital Entertainment
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2025-10-08
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** bagconvergence.in

## About

B.A.G Convergence is a key player in the digital media space.

## Latest Price

- **Price:** ₹103
- **Change:** -1.7 (-1.62%)
- **Open:** ₹103
- **Day High:** ₹103
- **Day Low:** ₹103
- **Previous Close:** ₹104.7
- **Volume:** 1600
- **As Of:** 2026-09-11T07:37:34+00:00

## Key Fundamentals

Observed at 2026-09-11T04:50:18.751781Z.

- **Market Cap:** ₹222.16 Cr
- **Classification:** SME
- **P/E (reported):** 20.6
- **Book Value:** ₹36.26
- **Price to Book:** 2.89
- **Dividend Yield:** 0%
- **ROE:** 42.35%
- **ROCE:** 50.33%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹43.21 Cr
- **Net Income:** ₹10.72 Cr
- **EBITDA:** ₹18.26 Cr
- **52-Week High:** ₹139
- **52-Week Low:** ₹95.75
- **RSI (14):** 44.76

## Tapetide Score

- **Score:** 54 / 100
- **Score date:** 2026-09-04
- **Archetype:** Priced for Perfection
- **What it means:** The business scores well but the multiple leaves little room for error. The debate here is about the price, not the company; small disappointments tend to cost more at rich valuations.
- **Pillar profile:** Quality: Good · Valuation: Expensive · Momentum: Flat
- **Percentile:** 65.6 (of 4473 scored stocks)
- **Confidence:** 86%
- **Data coverage:** 71%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 85.67 | 9% |
| growth | 70.1 | 9% |
| momentum | 53.12 | 12% |
| ownership | 49.31 | 24% |
| quality | 62.78 | 22% |
| valuation | 34.31 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 41.9%

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 110 days to 262 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -5.5% | 533.33% | 351.25% |
| ebitda margin growth | 5.46% | 14.78% | 248.9% |
| net income growth | 14.04% | 29% | 312.31% |
| revenue growth | 20.36% | 20% | 13.94% |
| roce | -44.47% | -69.19% | 13.45% |
| roe | -62.59% | -128.93% | -107.81% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 14 | 22 | 22 | 21 |
| Expenses | 8 | 14 | 12 | 13 |
| Operating Profit | 6 | 8 | 10 | 8 |
| OPM % | 42 | 36 | 46 | 39 |
| Other Income | 0 | 0 | 0 | 1 |
| Interest | 0 | 0 | 1 | 1 |
| Depreciation | 0 | 1 | 1 | 2 |
| Profit before tax | 6 | 7 | 8 | 7 |
| Tax % | 28 | 24 | 25 | 29 |
| Net Profit | 4 | 5 | 6 | 5 |
| EPS in Rs | 2.65 | 3.37 | 3.86 | 2.23 |

### Profit & Loss

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Sales | 22 | 25 | 30 | 36 | 43 |
| Expenses | 20 | 18 | 19 | 22 | 25 |
| Operating Profit | 2 | 6 | 10 | 14 | 18 |
| OPM % | 11 | 26 | 35 | 39 | 42 |
| Other Income | 0 | 0 | 0 | 0 | 1 |
| Interest | 0 | 0 | 0 | 0 | 2 |
| Depreciation | 0 | 0 | 0 | 1 | 3 |
| Profit before tax | 3 | 6 | 11 | 13 | 15 |
| Tax % | -1 | 22 | 26 | 26 | 27 |
| Net Profit | 3 | 5 | 8 | 9 | 11 |
| EPS in Rs | 2613.86 | 4940.59 | 7970.3 | 6.02 | 5.08 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.01 | 0.01 | 0.01 | 16 | 21 |
| Reserves | -6 | -1 | 7 | 7 | 56 |
| Borrowings | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 19 | 12 | 11 | 22 | 25 |
| Total Liabilities | 13 | 12 | 18 | 44 | 102 |
| Fixed Assets | 0 | 0 | 0 | 5 | 7 |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 1 | 1 | 1 | 1 |
| Other Assets | 11 | 10 | 17 | 38 | 94 |
| Total Assets | 13 | 12 | 18 | 44 | 102 |

### Cash Flow

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 13 | 1 | 4 | 4 | -15 |
| Cash from Investing Activity | 0 | -1 | 2 | -5 | -4 |
| Cash from Financing Activity | -15 | 1 | -1 | 13 | 45 |
| Net Cash Flow | -2 | 0 | 5 | 12 | 26 |
| Free Cash Flow | 13 | 1 | 4 | -2 | -20 |
| CFO/OP | 505 | 9 | 43 | 26 | -79 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 79 | 54 | 82 | 144 | 132 |
| Cash Conversion Cycle | 79 | 54 | 82 | 144 | 132 |
| Working Capital Days | -76 | -12 | 48 | 20 | 262 |
| ROCE % | — | — | 350 | 90 | 33 |

## Shareholding Pattern

### Quarterly

| Category | Dec 2024 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Promoters | 89.58% | 89.58% | 65.94% |
| FIIs | 0% | 0% | 0% |
| DIIs | 0% | 0% | 1.47% |
| Government | 0% | 0% | 0% |
| Public | 0% | 0% | 23.67% |
| Others | 10.42% | 10.42% | 8.93% |
| No. of Shareholders | 13 | 13 | 387 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 5 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 105.26 | Sell |
| EMA (10) | 104.72 | Sell |
| SMA (20) | 106.36 | Sell |
| EMA (20) | 105.73 | Sell |
| SMA (50) | 107.22 | Sell |
| EMA (50) | 107.24 | Sell |
| SMA (100) | 108.58 | Sell |
| EMA (100) | 109.17 | Sell |
| SMA (200) | 113.63 | Sell |
| EMA (200) | 113.11 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 40.6 | Neutral |
| MACD (12,26,9) | -1.16 | Sell |
| Stochastic (14,3,3) | 35.12 | Neutral |
| ADX (14) | 33.01 | Buy |
| Williams %R (14) | -69.35 | Neutral |
| ATR (14) | 3.15 | High Volatility |
| ROC (12) | -1.9 | Sell |
| Stoch RSI (14) | 10.83 | Buy |
| UO (7,14,28) | 40.93 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 February 2026 - Exchange has sought clarification from B.A.G. Convergence Limited for the quarter ended 30-Sep-2025 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On … | [Clarification - Financial Results 9 February 2026 - Exchange has sought clarification from B.A.G. Convergence Limited for the quarter ended 30-Sep-2025 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On …](https://www.nseindia.com/companies-listing/corporate-filings-announcements?symbol=BAGDIGITAL&tabIndex=sme) |
| 8 January 2026 - RTA certificate confirming compliance with Regulation 74(5) for quarter ended 31-Dec-2025, ISIN INE17CQ01015. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 8 January 2026 - RTA certificate confirming compliance with Regulation 74(5) for quarter ended 31-Dec-2025, ISIN INE17CQ01015.](https://nsearchives.nseindia.com/corporate/BAGCONVERGENCE_08012026162820_BCLCertificateReg74.pdf) |
| 7 January 2026 - B.A.G. Convergence: Reg 27 not applicable for quarter ended Dec 31, 2025; Reg 23 applicable. | [Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter 7 January 2026 - B.A.G. Convergence: Reg 27 not applicable for quarter ended Dec 31, 2025; Reg 23 applicable.](https://nsearchives.nseindia.com/corporate/BAGCONVERGENCE_07012026125800_BCLCGR31122025.pdf) |
| 7 April 2026 - CIN changed to L22121DL2007PLC161935 and listing status updated to Yes on MCA records. | [Updates 7 April 2026 - CIN changed to L22121DL2007PLC161935 and listing status updated to Yes on MCA records.](https://nsearchives.nseindia.com/corporate/BAGCONVERGENCE_07042026173842_BCLCINUpdationIntimation07042026.pdf) |
| 6 May 2026 - Board meeting on May 15, 2026 to approve audited FY2026 results; trading window closed till May 17, 2026. | [Trading Window 6 May 2026 - Board meeting on May 15, 2026 to approve audited FY2026 results; trading window closed till May 17, 2026.](https://nsearchives.nseindia.com/corporate/BAGCONVERGENCE_06052026185514_BCLINTIMATIONBMCTW06052026.pdf) |
| 6 Jul - Filed Regulation 74(5) compliance certificate for quarter ended June 30, 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 6 Jul - Filed Regulation 74(5) compliance certificate for quarter ended June 30, 2026.](https://nsearchives.nseindia.com/corporate/BAGCONVERGENCE_06072026184341_BCLCertificateReg74_5_.pdf) |
| 6 Jul - Declared Regulation 27 corporate governance report not applicable for quarter ended June 30, 2026. | [Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter 6 Jul - Declared Regulation 27 corporate governance report not applicable for quarter ended June 30, 2026.](https://nsearchives.nseindia.com/corporate/BAGCONVERGENCE_06072026170426_BCLCGR30062026.pdf) |
| 6 April 2026 - B.A.G. Convergence says Regulation 27 corporate governance report is not applicable for quarter ended March 31, 2026. | [Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter 6 April 2026 - B.A.G. Convergence says Regulation 27 corporate governance report is not applicable for quarter ended March 31, 2026.](https://nsearchives.nseindia.com/corporate/BAGCONVERGENCE_06042026181638_BCLCGR31032026.pdf) |
| 31 Aug - Published AGM notice: 19th AGM on September 24, 2026 at 4:00 P.M. via VC/OAVM. | [Copy of Newspaper Publication 31 Aug - Published AGM notice: 19th AGM on September 24, 2026 at 4:00 P.M. via VC/OAVM.](https://nsearchives.nseindia.com/corporate/BAGCONVERGENCE_31082026130525_BCLPRENOTICEADVER31082026.pdf) |
| 3 Sep - 19th AGM on September 24, 2026; book closure September 18-24 and e-voting September 20-23. | [Copy of Newspaper Publication 3 Sep - 19th AGM on September 24, 2026; book closure September 18-24 and e-voting September 20-23.](https://nsearchives.nseindia.com/corporate/BAGCONVERGENCE_03092026132426_BCLPOSTNOTICEADVER03092026.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31020_BAGDIGITAL_2025_2026_A_2009100_01092026181515.pdf) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/db84f768-3726-4f58-96c5-274121ec1caa.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9e45b131-a982-433c-bf14-421eb4d923d1.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/12da87b5-9dc8-4909-9a46-ba5dbf4dc4a3.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/522171/76921522171.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/522171/72294522171.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/522171/66986522171.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/522171/5221710319.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/522171/5221710318.pdf) |
| from bse | [Financial Year 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/522171/5221710317.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 2026-09-13T19:29:34.372Z.