Unlisted Shares

Boat Unlisted Share (Imagine Marketing)

Imagine Marketing Limited (Unlisted)

Verified Unlisted CompanyOff-market Transfer · NSDL / CDSL

About Boat Unlisted Share (Imagine Marketing)

Imagine Marketing Limited, popularly known as boAt, is one of India’s leading digital-first consumer electronics brands specializing in audio products, wearables, and accessories. Founded in 2013, the company has built a strong presence in India’s D2C segment with products like earphones, headphones, and smartwatches. While the company scaled rapidly in revenue, recent years show pressure on profitability due to rising costs and competition.

Share Details

company Name	Imagine Marketing Limited (Unlisted)
indicative Unlisted Share Price	₹1438
market Capitalization	₹8000–12000 Crore
lot Size	50
52 Week High	₹1800
52 Week Low	₹750
face Value	₹1
book Value	₹48–50
pe Ratio	200+ (volatile)
pb Ratio	18–25
debt To Equity	2.0+
return On Equity	Negative to Low
total Outstanding Shares	Approx 9–13 Crore
isin	INE03AV01027
depository	NSDL & CDSL
pan	AADCI3821M
cin	U52300MH2013PLC249758
rta	Link Intime India Pvt Ltd

Income Statement (Profit & Loss) (₹ in Crore)

Particulars	FY22	FY23	FY24	FY25
Revenue	2,873	3,377	3,104	3,073
Cost of Material Consumed	2,591	2,527	2,263	2,070
Change in Inventory	-245	84	32	105
Employee Benefit Expenses	56	99	97	155
Other Expenses	341	748	715	663
EBITDA	130	-81	-3	100
Operating Profit Margin (%)	4.52	-2.4	-0.1	3.25
Other Income	12	21	18	42
Finance Cost	34	78	63	28
Depreciation	9	25	22	40
EBIT	121	-106	-25	60
PBT	99	-163	-70	75
Tax	30	-34	-17	14
PAT	69	-129	-53	61
Net Profit Margin (%)	2.4	-3.82	-1.71	1.99
EPS (₹)	7.19	-13.44	-5.52	6.35

Key Financial Ratios (Last 3–5 Years)

Ratio	FY22	FY23	FY24	FY25
Operating Profit Margin (%)	4.52	-2.4	-0.1	3.25
Net Profit Margin (%)	2.4	-3.82	-1.71	1.99
EPS (₹)	7.19	-13.44	-5.52	6.35

Financial Annual Report Summary

boAt has experienced rapid growth in revenue but has recently turned loss-making due to rising costs, marketing spend, and competition. Margins have deteriorated significantly in FY23–FY24.

Why Invest in Boat Unlisted Share

Revenue peaked in FY23 and declined slightly in FY24.
Profitability turned negative in FY23–FY24.
Signs of recovery in FY25 with positive PAT.
Highly competitive consumer electronics market.

Balance Sheet - Assets (₹ in Crore)

Item	FY22	FY23	FY24	FY25
Fixed Assets	2.8	15.5	63	127
CWIP	14	8	0	2.2
Investments	32	30	325	15
Trade Receivables	332	276	150	255
Inventory	554	470	429	326
Other Assets	1,060.2	1,213	738	735.8
Total Assets	1,986	2,152	1,705	1,561

Balance Sheet - Liabilities & Equity (₹ in Crore)

Item	FY22	FY23	FY24	FY25
Share Capital	9.6	9.6	9.6	9.6
Reserves	592	449	462	461
Borrowings	921	723.6	880	565
Trade Payables	219	259	217	371
Other Liabilities	264.4	198.4	156.4	174.4
Total Liabilities	1,986	2,152	1,705	1,561