SABEVENTS - SAB Events

📊 NSE: SABEVENTS 🏢 Entertainment / Electronic Media Software 📅 Last Updated: 12/14/2025 12:35

💰 Financial Performance

Revenue Growth by Segment

The Company operates in a single primary business segment: Digital Media Websites & MICE. Total revenue for FY 2024-25 was INR 173.88 lakhs, representing a decline compared to the previous year as indicated by the reduction in sales mentioned in management reports.

Geographic Revenue Split

Not disclosed in available documents; however, the company operates primarily in the domestic Indian market with its headquarters in Mumbai.

Profitability Margins

Net Profit Margin improved from -54% in FY 23-24 to -26% in FY 24-25. Operating Profit Margin improved from -11% to 0.03% during the same period, driven by a reduction in losses despite lower sales.

EBITDA Margin

EBITDA Margin (Operating Profit Margin) was 0.03% in FY 24-25, up from -11% in FY 23-24. This improvement is attributed to cost reductions and narrowed losses during the fiscal year.

Capital Expenditure

Net Block of Tangible Fixed Assets stood at INR 4.76 lakhs as of March 31, 2025, with a depreciation charge of INR 79.81 lakhs. Goodwill on demerger is valued at INR 62.23 lakhs.

Credit Rating & Borrowing

The company is currently under a Pre-Packaged Insolvency Resolution Process (PPIRP) as of November 2025. Short-term borrowings were INR 199.71 lakhs in the prior year and increased during FY 24-25, leading to a Current Ratio of 0.20.

⚙️ Operational Drivers

Raw Materials

Not applicable as the company is a service-based media and MICE entity. Primary inputs are content creation, digital platform maintenance, and event management services.

Import Sources

Not applicable for service-based digital media operations.

Key Suppliers

Not specifically named; however, the company engages in related party transactions with TV Vision Limited (TVVL) for promoting and advertising channels on its website for a value not exceeding INR 60 lakhs.

Capacity Expansion

Not applicable in terms of manufacturing; however, the company is focusing on improving digital content on its website (governancenow.com) and YouTube channel to compete with other publication houses.

Raw Material Costs

Operating expenses for FY 24-25 totaled INR 288.62 lakhs, which includes content production and event execution costs.

Manufacturing Efficiency

Not applicable. The company monitors 'successful turnouts' at seminars as its primary efficiency metric for the MICE business.

Logistics & Distribution

Not disclosed; distribution is primarily digital via web and mobile platforms.

📈 Strategic Growth

Expected Growth Rate

3.30%

Growth Strategy

The company plans to achieve growth by monetizing content through emerging technology platforms (smartphones, tablets), improving its YouTube presence, and focusing on niche sectors for its seminar business to ensure higher corporate engagement and sponsorship.

Products & Services

Digital media content via governancenow.com, YouTube news content, on-ground and virtual conferences, seminars, and MICE (Meetings, Incentives, Conferences, and Exhibitions) services.

Brand Portfolio

Governance Now

New Products/Services

Next-generation features on digital media platforms including smart phones and tablets; e-commerce business induction is proactively planned.

Market Expansion

Focus on digital media penetration in the 'billion strong' Indian market, leveraging broadband and smartphone growth.

Strategic Alliances

Related party arrangement with TV Vision Limited (TVVL) for cross-platform advertising and marketing.

🌍 External Factors

Industry Trends

The M&E sector grew 3.3% in 2024 to INR 2.5 trillion. Key trends include AI empowerment for content creation, asymmetric competition from global social platforms, and a shift toward digital consumption via smartphones.

Competitive Landscape

Competes with traditional studios, large global social platforms, and other digital publication houses.

Competitive Moat

The 'Governance Now' brand serves as a niche moat in the socio-political development space; however, sustainability is challenged by intense competition and the need for constant technological updates.

Macro Economic Sensitivity

Highly sensitive to India's GDP growth (7.4% in FY 24-25) and private consumption trends. M&E sector growth slowed to INR 81 billion in the reporting period, less than half the previous year's growth.

Consumer Behavior

Rapid shift toward online news availability via broadband and smartphones, requiring the company to pivot content to YouTube and mobile-first features.

Geopolitical Risks

Changes in government regulations, tax laws, and economic conditions affecting demand/supply in domestic and overseas markets.

⚖️ Regulatory & Governance

Industry Regulations

Subject to SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, and the Insolvency and Bankruptcy Code (IBC) 2016.

Environmental Compliance

Not disclosed; minimal impact expected for a digital media company.

Taxation Policy Impact

Prepared in accordance with Indian Accounting Standards (IND AS) under Section 133 of the Companies Act, 2013.

Legal Contingencies

The company was admitted into the Pre-Packaged Insolvency Resolution Process (PPIRP) by the NCLT Mumbai Bench via an order received on November 11, 2025. A Transaction Auditor (Mr. Parthajit Ghosh) has been appointed to audit transactions under the IBC.

⚠️ Risk Analysis

Key Uncertainties

The ongoing PPIRP process creates significant uncertainty regarding the company's future viability and ownership structure. Revenue risk is high due to potential changes in content quality or sponsorship ratios.