Esha Media Research Limited - media and publishing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L72400MH1984PLC322857 Incorporated 08 February 1984 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - BSE: 531259 Public Limited Company media and publishing
Market Cap
₹43.59 Cr
ESHAMEDIA · BSE
Share Price
₹47.03
-4.99% today
Revenue
₹2.32 Cr
FY 2025-26 · -26.6% YoY
EBITDA
−₹3.23 Cr
Margin -139.2%
Net Profit
−₹3.59 Cr
FY 2025-26 · +1.1% YoY
ROE
321.1%
ROCE -50.5%
Authorised capital
₹35 Cr
Registered with MCA
Paid-up capital
₹7.81 Cr
Issued & subscribed

About Esha Media Research Limited

Data last updated:

Esha Media Research Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the advertising and media services segment of the media and publishing sector. It was incorporated on 08 February 1984 and has been in existence for over 42 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L72400MH1984PLC322857. Its GSTIN is 27AAACL6230C2ZY (Maharashtra). The company holds 2 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on BSE: 531259.

The company has an authorised share capital of ₹35 Cr and a paid-up capital of ₹7.81 Cr. It was formerly known as Laser Dot Limited. It is led by directors including Siddharth Subhash Saraf (Managing Director) and Dimple Joshi.

Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹2.32 Cr, a decline of 26.6% compared to the previous year. For the same year it recorded a net loss of ₹3.59 Cr (net margin -154.7%) and EBITDA of -₹3.23 Cr (EBITDA margin -139.2%).

The company is associated with 2 brands: Clipbyte and Esha Media Research. As per MCA filings, the company has satisfied charges of ₹3.53 Cr on record. Court records list 16 cases involving the company, including 10 filed by the company and 6 filed against it; 1 case is pending. The company has 35 deals on record (34 market trades, 1 acquisition); the latest was in September 2026.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website eshamediaresearch.com.

Company details

CIN L72400MH1984PLC322857
Registration Number 322857
Incorporation Date 08 February 1984
ROC Mumbai
Listing Status Listed - Listed on BSE (531259)
Company Status Active
Compliance Status Active Compliant

CIN history

Esha Media Research has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L72400MH1984PLC322857, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L72400MH1984PLC322857Current
L72400TG1984PLC004472Previous
L72400AP1984PLC004472Previous

Contact details

Esha Media Research Limited's registered office is in Mumbai, Maharashtra. Its website is eshamediaresearch.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Social Media
  • Registered Address
    T13 14 15 & 16 A Wing 2nd Floor Satyam Shopping Centre, Mg Road Ghatkopar East, Mumbai, Maharashtra, India – 400077
  • Industry
    Media and Publishing, Advertising Agencies & Media Services

To see the full contact details of Esha Media Research Limited, buy the company report.

Comprehensive company report
Esha Media Research Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Esha Media Research operates two associated brands: Clipbyte and Esha Media Research. Each brand links to its own profile.

BrandDescriptionWebsite
Media monitoring and intelligence services are provided by Esha Media Research.eshamedia.com
Broadcast monitoring and analysis services in India.clipbyte.com

Business activity

The main business activity of Esha Media Research is professional, scientific and technical. In detail, this covers advertising and market research.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
MProfessional, Scientific and TechnicalM6Advertising and market research

To see the full business activity and turnover split of Esha Media Research Limited, buy the company report.

Financials of Esha Media Research Limited

FY 2025-26 filings available

Esha Media Research Limited reported revenue of ₹2.32 Cr (down 26.6% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹2.32 Cr
-26.6% YoY
EBITDA
−₹3.23 Cr
-466.7% YoY
Profit After Tax
−₹3.59 Cr
+1.1% YoY
Net Worth
−₹10.44 Cr
+4.4% YoY
Total Assets
−₹3.93 Cr
-123.3% YoY
Total Debt
₹6.41 Cr
-29.7% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue2.323.160.140.080.200.170.10
Revenue growth-26.6%+2157.1%+75.0%-60.0%+17.7%+70.0%-
EBITDA(3.23)(0.57)(0.07)(0.17)(0.13)(0.07)(0.16)
EBITDA margin-139.2%-18.0%-50.0%-212.5%-65.0%-41.2%-160.0%
Profit before tax0.47(1.03)(0.08)(0.18)(0.16)(0.11)(0.41)
Net profit(3.59)(3.63)(0.08)(0.18)(0.16)0.04(0.37)
Net profit margin-154.7%-114.9%-57.1%-225.0%-80.0%+23.5%-370.0%
EPS (₹)0.61(4.65)(0.12)(0.23)(0.22)0.06(0.44)
Balance sheet
Total assets(3.93)(1.76)0.520.550.670.700.56
Net worth(10.44)(10.92)(7.29)(7.20)(7.02)(6.85)(6.90)
Total debt6.419.127.817.767.697.557.47
Cash & bank0.070.080.000.100.100.100.10
Net working capital(4.81)(2.85)(0.88)0.380.460.460.42
Cash flow
Cash from operations(1.19)(0.20)(0.15)(0.08)(0.14)(0.08)(0.19)
Cash from investing(0.21)(0.09)0.000.000.000.000.00
Cash from financing1.390.370.060.070.140.080.25
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue0.820.480.580.510.700.540.421.21
Revenue growth (YoY)+17.1%-11.1%+38.1%-57.9%+84.2%-53.0%--
Other income0.000.004.080.000.000.000.000.00
Total expenses0.990.922.701.020.960.870.891.03
EBITDA(0.17)(0.44)(2.12)(0.51)(0.26)(0.33)(0.47)0.18
EBITDA margin-20.7%-91.7%-365.5%-100.0%-37.1%-61.1%-111.9%+14.9%
Depreciation0.060.060.050.030.050.060.060.01
Interest0.070.160.110.040.030.010.320.00
Profit before tax(0.30)(0.66)1.80(0.58)(0.34)(0.40)(0.85)0.17
Tax0.000.000.000.000.000.00(0.43)0.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 15 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue0.820.480.580.510.700.540.421.21
Revenue growth (YoY)+17.1%-11.1%+38.1%-57.9%+84.2%-53.0%--
Other income0.000.004.080.000.000.000.000.00
Total expenses0.990.922.701.020.960.870.891.03
EBITDA(0.17)(0.44)(2.12)(0.51)(0.26)(0.33)(0.47)0.18
EBITDA margin-20.7%-91.7%-365.5%-100.0%-37.1%-61.1%-111.9%+14.9%
Depreciation0.060.060.050.030.050.060.060.01
Interest0.070.160.110.040.030.010.320.00
Profit before tax(0.30)(0.66)1.80(0.58)(0.34)(0.40)(0.85)0.17
Tax0.000.000.000.000.000.00(0.43)0.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue2.323.160.140.080.200.170.10
Revenue growth-26.6%+2157.1%+75.0%-60.0%+17.7%+70.0%-
Other income4.080.000.000.000.000.000.00
Total expenses5.553.730.210.250.330.240.26
Employee cost2.131.760.060.080.060.050.05
EBITDA(3.23)(0.57)(0.07)(0.17)(0.13)(0.07)(0.16)
EBITDA margin-139.2%-18.0%-50.0%-212.5%-65.0%-41.2%-160.0%
Depreciation0.190.140.010.010.020.030.25
Interest0.190.320.000.000.010.010.00
Profit before tax0.47(1.03)(0.08)(0.18)(0.16)(0.11)(0.41)
Tax0.002.600.000.000.00(0.15)(0.04)
Net profit(3.59)(3.63)(0.08)(0.18)(0.16)0.04(0.37)
Net profit margin-154.7%-114.9%-57.1%-225.0%-80.0%+23.5%-370.0%
EPS (₹)0.61(4.65)(0.12)(0.23)(0.22)0.06(0.44)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital7.817.817.817.817.818.308.30
Reserves & surplus(18.25)(18.73)(15.10)(15.01)(14.83)(15.15)(15.20)
Shareholders' funds (net worth)(10.44)(10.92)(7.29)(7.20)(7.02)(6.85)(6.90)
Secured loans0.000.000.000.000.000.000.00
Unsecured loans6.419.127.817.767.697.557.47
Total debt6.419.127.817.767.697.557.47
Total liabilities(3.93)(1.76)0.520.550.670.700.56
Assets
Gross block0.771.0119.0019.0019.000.090.37
Net block0.480.920.040.050.070.090.12
Capital work in progress0.000.000.000.000.000.000.00
Investments0.000.000.000.000.000.000.00
Inventories0.000.000.000.000.000.000.00
Sundry debtors0.230.140.090.020.080.090.03
Cash & bank balances0.070.080.000.100.100.100.10
Loans & advances0.130.040.141.371.361.351.34
Total current assets0.430.260.231.491.541.541.47
Total current liabilities5.243.111.111.111.081.081.05
Net working capital(4.81)(2.85)(0.88)0.380.460.460.42
Total assets(3.93)(1.76)0.520.550.670.700.56
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.080.000.100.100.100.100.05
Net cash from operating activities(1.19)(0.20)(0.15)(0.08)(0.14)(0.08)(0.19)
Net cash from investing activities(0.21)(0.09)0.000.000.000.000.00
Net cash from financing activities1.390.370.060.070.140.080.25
Net change in cash0.000.08(0.09)(0.01)0.000.000.05
Closing cash0.070.080.000.100.100.100.10
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-26.6%+2157.1%+75.0%-60.0%+17.7%+70.0%-
EBITDA growth-466.7%-714.3%+58.8%-30.8%-85.7%+56.3%-
PBT growth+9998.0%-1187.5%+55.6%-12.5%-45.5%+73.2%+92.4%
Net income growth+1.1%-4437.5%+55.6%-12.5%-500.0%+110.8%-
Revenue CAGR (3Y)+207.2%+150.9%-6.3%-7.2%+35.7%--40.7%
EBITDA CAGR (3Y)+166.8%+63.7%0.0%+2.0%-70.1%-70.4%-63.2%
Profitability & leverage
Net income margin+20.3%-114.9%-57.1%-225.0%-80.0%+23.5%-370.0%
Return on capital employed-50.5%0.0%0.0%0.0%0.0%-1.0%0.0%
Return on net worth+321.1%0.0%0.0%0.0%0.0%+4.4%0.0%
Debt / equity0.000.000.000.000.000.000.00
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover-5.56-45.070.000.00-6.67-10.000.00
Efficiency & per share
Fixed asset turnover2.610.320.010.000.020.740.16
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover12.5427.482.551.602.352.836.67
EPS (₹)0.61(4.65)(0.12)(0.23)(0.22)0.06(0.44)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)(13.38)(13.99)(9.35)(9.23)(9.00)(8.26)(8.32)

To see the full year-wise statements and ratios of Esha Media Research Limited, buy the company report.

Board of directors of Esha Media Research Limited

Esha Media Research has 5 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Dimple JoshiAdditional Director13 Feb 20260 Years 9 MonthsCurrent
Ashok Kumar ThakurAdditional Director22 Apr 20260 Years 6 MonthsCurrent
Siddharth Subhash SarafManaging Director22 Apr 20260 Years 6 MonthsCurrent
Reena Unmesh WaghAdditional Director22 Apr 20260 Years 6 MonthsCurrent
Rakesh Kumar MudgalAdditional Director22 Apr 20260 Years 6 MonthsCurrent

Auditor

Esha Media Research Limited is audited by N S V R & Associates LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
N S V R & Associates LLPFY 2023008801S/S200060

Shareholding

Shareholding for the quarter ended Mar 2026: promoters hold 50.30%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 49.70%.

Promoters: 50.30%Retail & Others: 49.70%
Mar 2026
QUARTER
50.30% Promoters
49.70% Retail & Others
Promoter holding - history
Now 50.30% · Mar 2026High 50.30% · Mar 2026Low 28.00% · Dec 2025
27%33.3%39.5%45.8%52%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 28.30%Sep 2025: 28.10%Dec 2025: 28.00%Mar 2026: 50.30%28.00%50.30%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters50.30%28.00%28.10%28.30%
Public49.70%72.00%71.90%71.70%

Charges & borrowings

Open charges
None
Satisfied charges
₹3.53 Cr
Breakdown by lending institutions
Idbi₹2.00 Cr
A.P.S.F.C.₹0.86 Cr
Icici Bank Limited₹0.41 Cr
Vijaya Bank₹0.26 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
30 Nov 200710086473Icici Bank Limited₹40.5 LakhSatisfied
24 Jan 199490257923Idbi₹2 CrSatisfied
03 Jun 199190259536Vijaya Bank₹16.1 LakhSatisfied
19 Feb 199190257700A.P.S.F.C.₹15.8 LakhSatisfied
07 Apr 199090257645A.P.S.F.C.₹1.85 LakhSatisfied

To see the full charge records of Esha Media Research Limited, buy the company report.

Total charge records: 13 View all charges

Deals & funding

Esha Media Research Limited has 35 deals on record (34 market trades, 1 acquisition); the latest was in September 2026.

Total deals
35
Market trades
34
Acquisition
1

Deals on record (5 of 35)

WhenDealAmountParties
Oct 2025Market trade₹28.6 LakhBuyer: Nivesh Consultancy Private Limited
Oct 2025Market trade₹25.2 LakhSeller: Neo Apex Venture LLP
Oct 2025Market trade₹1.04 CrBuyer: Neo Apex Venture LLP , Nivesh Consultancy Private Limited
Seller: Shridhar P Iyer (Huf), Multiplier Share and Stock Advisors Private Limited , Pace Stock Broking Services Private Limited
Jul 2024Market trade₹37.5 LakhBuyer: Opulus Bizserve Private Limited , 2 individuals
Seller: Multiplier Share and Stock Advisors Private Limited , an individual
Jul 2024Market trade₹45.9 LakhBuyer: Media Eagle Research LLP , an individual
Seller: 3 individuals

To see the full deal history of Esha Media Research Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Esha Media Research Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Esha Media Research has 2 GST registrations: 1 active and 1 cancelled or inactive.

Total GSTINs
2
Active
1
Cancelled / inactive
1
GSTINStateStatusRegistered on
27AAACL6230C2ZYMaharashtraActive21 Jul 2017

To see the full GST registrations and return filing status of Esha Media Research Limited, buy the company report.

Recent activity

Esha Media Research Limited has 25 board changes on record since 1984: 17 appointments and 8 cessations. The latest: Ashok Kumar Thakur was appointed as Additional Director on 22 Apr 2026.

Appointed
Ashok Kumar Thakur was appointed as Additional Director.
Appointed
Rakesh Kumar Mudgal was appointed as Additional Director.
Appointed
Reena Unmesh Wagh was appointed as Additional Director.
Appointed
Siddharth Subhash Saraf was appointed as Managing Director.
Filing
Esha Media Research Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
Appointed
Dimple Joshi was appointed as Additional Director.
AGM
Esha Media Research Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Ceased
Pinkesh Kumar Jain ceased to be Company Secretary.
Appointed
Raman Seshadri Iyer was appointed as CFO.
Ceased
Jyotii Mahadev Babar ceased to be CFO.
Ceased
Raghava Raju Penmatsa ceased to be Director.
Appointed
Shilpa Vinod Pawar was appointed as Whole-Time Director.

48 earlier events are in the company report.

Frequently asked questions

Esha Media Research is an active public limited company based in Mumbai, Maharashtra, India. The company works in advertising agencies and media services, within the media and publishing industry. It was incorporated on 08 February 1984 (42+ years old) and is registered under CIN L72400MH1984PLC322857. Listed on BSE: 531259.

Esha Media Research reported revenue of ₹2.32 Cr for FY 2025-26 (down 26.6% YoY) based on standalone financials.

Esha Media Research has 5 current directors:

The latest financial statements of Esha Media Research on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Esha Media Research is 27AAACL6230C2ZY, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.

The CIN (Corporate Identification Number) of Esha Media Research is L72400MH1984PLC322857. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Esha Media Research is a listed company as per MCA records. Its shares are listed on BSE (code: 531259).

Esha Media Research has 16 court cases on record: 10 filed by the company and 6 filed against it. 1 is pending. Most are in the high courts.

Esha Media Research was incorporated on 08 February 1984, making it 42+ years old. It is registered with the Registrar of Companies, Mumbai.

Esha Media Research has 35 deals on record (34 market trades, 1 acquisition); the latest was in September 2026.