CRYSTAL BUSINESS SYSTEM LIMITED

About

Crystal Business System Limited engages in the business of launching television channels for the news, films, music, serial, and other programmes in India. The company's television channels include Sadhna TV, Ishwar TV, Sadhna Bhakti, Sadhna MP CG RAJ, Sadhna Plus News, VIP News, Rishu Movies, and Har Khabar. It also provides outdoor and print advertising services on various platforms, such as outdoor hoardings, bus shelters, pole kiosks, and roadways buses. In addition, the company publishes Sadhna Path, a Hindi monthly magazine, equipped to set guidelines on various socio-cultural aspects, health related issues, and astrological studies. Further, it provides broadcast equipment and technology integration solutions, including outdoor broadcast vans, portable live uplink and downlink devices, procurement of cost-effective equipment, broadcast software solutions, studio setups, and media office infrastructure. The company serves public and private sector clients. Crystal Business System Limited was formerly known as Sadhna Broadcast Limited and changed its name Crystal Business System Limited in May 2025. The company was founded in 1977 and is based in New Delhi, India.

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023
Sales	0.98	4.60	0.90	1.58	1.60	6.46	3.98	3.91	2.87	3.88	2.04	5.44	4.05
Expenses	1.83	1.30	2.48	2.31	2.23	7.92	2.11	2.97	2.67	3.01	3.75	4.03	3.78
Operating Profit	-0.85	3.30	-1.58	-0.73	-0.63	-1.46	1.87	0.94	0.20	0.87	-1.71	1.41	0.27
OPM %	-86.73	71.74	-175.56	-46.20	-39.38	-22.60	46.98	24.04	6.97	22.42	-83.82	25.92	6.67
Other Income	0.04	0.13	0.11	0.10	0.11	0.13	0.10	0.15	0.00	0.06	0.02	-0.01	0.00
Depreciation	0.07	0.04	0.09	0.09	0.09	0.12	0.11	0.11	0.11	0.13	0.10	0.09	0.09
Interest	0.01	0.05	0.03	0.03	0.03	0.05	0.04	0.03	0.00	0.01	0.00	0.00	0.00
Profit before tax	-0.89	3.34	-1.59	-0.75	-0.64	-1.50	1.82	0.95	0.09	0.79	-1.79	1.31	0.18
Tax %	0.00	4.49	8.18	-6.67	0.00	-16.00	24.18	25.26	22.22	-29.11	0.00	25.19	22.22
Net Profit	-0.89	3.19	-1.72	-0.70	-0.63	-1.27	1.39	0.71	0.07	1.01	-1.79	0.98	0.13
EPS in Rs	-0.09	0.32	-0.17	-0.07	-0.06	-0.13	0.14	0.07	0.01	0.10	-0.18	0.10	0.01

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Sales	8.68	17.12	15.41	18.94	23.89	22.48	34.53	55.41	55.23	36.13	24.25	23.41
Expenses	8.33	15.55	14.58	19.12	24.24	22.20	32.86	53.26	53.47	35.25	23.74	22.92
Operating Profit	0.35	1.57	0.83	-0.18	-0.35	0.28	1.67	2.15	1.76	0.88	0.51	0.49
OPM %	4.03	9.17	5.39	-0.95	-1.47	1.25	4.84	3.88	3.19	2.44	2.10	2.09
Other Income	0.46	0.39	0.08	0.88	1.19	0.02	0.03	0.00	0.00	0.04	0.07	0.00
Interest	0.11	0.14	0.02	0.00	0.00	0.02	0.02	0.02	0.04	0.01	0.00	0.00
Depreciation	0.36	0.46	0.42	0.46	0.47	0.41	0.47	0.21	0.05	0.03	0.01	0.00
Profit before tax	0.34	1.36	0.47	0.24	0.37	-0.13	1.21	1.92	1.67	0.88	0.57	0.49
Tax %	67.65	33.09	29.79	150.00	16.22	-15.38	28.10	27.08	34.13	34.09	31.58	30.61
Net Profit	0.12	0.91	0.34	-0.12	0.31	-0.11	0.88	1.40	1.10	0.59	0.39	0.34
EPS in Rs	0.01	0.09	0.03	-0.01	0.03	-0.01	0.09	0.14	0.11	—	—	—
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.43	22.80	0.00	2.50	0.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Equity Capital	10.03	10.03	10.03	10.03	10.03	10.03	10.03	10.03	10.03	10.03	9.75	3.25
Reserves	5.07	5.21	4.99	4.15	4.52	4.21	4.32	3.46	2.09	1.30	0.99	0.34
Borrowings	0.60	3.83	2.49	3.20	5.25	3.09	2.50	6.11	4.06	1.96	1.00	0.00
Other Liabilities	6.80	5.52	7.99	9.47	8.86	8.48	11.64	20.14	13.15	20.46	10.40	13.15
Total Liabilities	22.50	24.59	25.50	26.85	28.66	25.81	28.49	39.74	29.33	33.75	22.14	16.74
Fixed Assets	1.18	1.45	1.82	1.82	2.16	1.86	1.83	2.06	0.44	0.20	0.04	0.03
CWIP	0.07	0.09	0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	5.09	5.35	8.40	7.71	7.96	4.87	0.85	0.85	0.85	0.85	0.85	0.85
Other Assets	16.16	17.70	15.26	17.32	18.54	19.08	25.81	36.83	28.04	32.70	21.25	15.86
Total Assets	22.50	24.59	25.50	26.85	28.66	25.81	28.49	39.74	29.33	33.75	22.14	16.74

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Cash from Operating Activity	0.93	-3.50	0.66	4.97	1.59	4.43	3.81	-1.13	-13.49	-1.68	6.52	0.25
Cash from Investing Activity	0.35	1.88	-0.43	-0.12	-3.87	-4.47	-0.23	-1.83	-0.29	-0.19	0.05	-0.88
Cash from Financing Activity	-1.12	1.15	0.20	-5.72	2.28	0.59	-3.63	2.03	1.79	0.50	7.82	-0.95
Net Cash Flow	0.17	-0.46	0.42	-0.87	0.00	0.55	-0.05	-0.94	-11.99	-1.37	14.39	-1.59
Free Cash Flow	0.87	-3.66	0.23	4.85	0.82	3.98	3.58	-2.96	-13.78	-1.87	6.50	0.22
CFO/OP %	266.00	-208.00	106.00	-2,761.00	-454.00	1,582.00	250.00	-49.00	-738.00	-158.00	1,359.00	141.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Debtor Days	372.99	123.23	137.85	138.37	88.92	110.25	60.78	131.22	88.23	128.50	16.11	154.82
Inventory Days	—	—	—	—	—	—	70.35	36.66	—	—	—	—
Days Payable	—	—	—	—	—	—	359.69	965.90	—	—	—	—
Cash Conversion Cycle	372.99	123.23	137.85	138.37	88.92	110.25	-228.56	-798.02	88.23	128.50	16.11	154.82
Working Capital Days	311.60	154.14	59.45	71.69	130.63	68.03	87.84	44.00	56.17	-31.72	-77.52	36.95
ROCE %	2.59	8.20	3.21	3.55	2.59	-0.64	6.75	10.84	11.61	7.11	7.44	14.33

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Promoters	25.46	25.46	25.46	25.46	25.46	25.46	25.46	25.46	25.46	25.46	25.46	25.46
Public	74.53	74.53	74.53	74.54	74.53	74.54	74.53	74.53	74.54	74.53	74.54	74.54
No. of Shareholders	50,149	50,198	50,853	51,459	52,002	52,582	52,900	53,088	54,548	56,520	57,599	60,075