ZEE Media Corporation Ltd
NSE: ZEEMEDIA · TV Broadcasting & Software Production · sector
₹6.68NSE close 2026-10-26
Key numbers
Market cap₹438 cr
Price₹6.68
52w high / low₹11 / ₹7
P/E–Sector median 13.0x
P/B2.0xSector median 0.8x
Book value₹3.4
Dividend yield–Sector median 3.37%
ROE-0.6%Sector median 0.6%
ROCE5.2%Sector median 2.4%
OPM12.7%Sector median 3.1%
Debt / equity0.05xSector median 0.02x
EV/EBITDA4.5xSector median 10.8x
Interest cover0.6x
Current ratio0.65x
Sales growth 3y+1.8%Sector median -5.5%
Profit growth 3y–Sector median -8.3%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 19 companies in TV Broadcasting & Software Production (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹9 cr vs borrowings ₹11 cr (FY26): borrowings are higher by ₹1 cr.
- Borrowings fell in each of the last 3 years (₹196 cr → ₹11 cr).
- Operating profit covered interest 0.6x in the last 12 months.
- No promoter shares are pledged.
- Promoter holding rose by 2.74 percentage points in a year, to 9.04% (2026-09-30).
- Operating cash flow was below net profit in 0 of the last 5 years.
- Net loss in 7 of the last 8 quarters.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Debtor days went from 118 (FY24) to 151 (FY26).
- No dividend in the last 5 financial years.
- Price ₹6.68 on 2026-10-26: -41.6% from the 52-week high, +0.5% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹22.82 · low ₹6.68
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 131 | 159 | 156 | 182 | 179 | 240 | 158 | 191 |
| EBITDA | -31 | 6 | -19 | 20 | 17 | 78 | -14 | 16 |
| OPM % | -24.0% | 4.1% | -12.4% | 10.8% | 9.6% | 32.5% | -9.0% | 8.5% |
| Other income | 2 | 1 | 6 | 1 | 1 | 1 | 14 | 2 |
| Net profit | -50 | -22 | -37 | -9 | -16 | 53 | -27 | -12 |
| EPS (₹) | -0.80 | -0.36 | -0.59 | -0.14 | -0.25 | 0.84 | -0.42 | -0.19 |
| Revenue YoY | +36.7% | +50.7% | +1.3% | +4.7% | ||||
| Profit YoY | – | – | – | – |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 867 | 721 | 638 | 622 | 759 | 768 |
| EBITDA | 42 | 35 | -43 | -22 | 101 | 97 |
| Net profit | -118 | -69 | -98 | -119 | 2 | -1 |
| EPS (₹) | -2.07 | -1.10 | 1.10 | -1.91 | 0.03 | -0.02 |
| Revenue growth | -16.9% | -11.4% | -2.6% | +22.1% | +22.2% | |
| Profit growth | – | – | – | – | – | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +1.8% | +3.2% | +22.2% |
| Net profit | – | -52.2% | – |
| EPS | – | -54.9% | – |
| Share price | – | -42.4% (2y) | -39.3% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 387 | 289 | 221 | 224 |
| Borrowings | – | 196 | 135 | 78 | 11 |
| Cash & equivalents | – | 14 | 10 | 14 | 9 |
| Total assets | – | 873 | 968 | 880 | 873 |
| Fixed assets | – | 177 | 243 | 185 | 134 |
| Capital work in progress | – | – | 0 | – | 0 |
| Investments | – | 58 | 42 | 43 | 42 |
| Receivables | – | 140 | 206 | 199 | 314 |
| Inventory | – | 0 | 0 | 0 | 0 |
| Payables | – | 78 | 107 | 110 | 148 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 249 | 146 | 77 | 64 | 98 |
| Cash from investing | -189 | -98 | 15 | -7 | -4 |
| Cash from financing | -116 | -93 | -92 | -48 | -83 |
| Capex | 98 | 108 | 15 | 11 | 10 |
| Free cash flow | 151 | 38 | 62 | 53 | 88 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | -17.8% | -33.9% | -54.1% | 0.8% |
| ROCE % | – | -6.5% | -24.2% | -43.3% | 5.8% |
| Debtor days | – | 71 | 118 | 117 | 151 |
| Inventory days | – | 0 | 0 | 0 | 0 |
| Payable days | – | 39 | 61 | 64 | 71 |
| Cash conversion cycle (days) | – | 32 | 57 | 53 | 80 |
| Working capital days | – | -49 | -160 | -131 | -95 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 9.04% |
| FIIs | 18.59% |
| DIIs | 4.11% |
| of which Mutual funds | 0.00% |
| of which Insurance | 0.00% |
| Government | 0.42% |
| Public (non-institutions) | 67.84% |
| Quarter | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Jun 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 3.90% | 6.30% | 9.48% | 9.48% | 9.48% | 9.04% | 9.04% | 9.04% |
| Promoter group | % |
|---|---|
| Auv Innovations Llp | 8.98% |
| 25 Fps Media Private Limited | 0.06% |
| Sushila Goenka | 0.00% |
| Subhash Chandra | 0.00% |
| Punit Goenka | 0.00% |
| Amit Goenka | 0.00% |
| Subhash Chandra and Sons HUF | 0.00% |
| Nand Kishore & Sons HUF | 0.00% |
| Primat Infrapower And Multiventures Pvt Ltd | 0.00% |
| Arm Infra And Utilities Private Limited | 0.00% |
| Sprit Infrapower & Multiventures Private Limited | 0.00% |
| Elitecast Media Limited | 0.00% |
| Digital Satellite Media and Broadband Private Limited | 0.00% |
| Diligent Media Corporation Limited | 0.00% |
| Pan India Network Infravest Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| Miloeux Media and Entertainment Private Limited | 16.00% |
| SUN Alpha Global Vcc-sun India Opportunities Investing Fund Incorporated VCC Sub-fund | 4.58% |
| Stci Finance Limited | 3.99% |
| Keya Vimal Salot | 3.63% |
| Nexpact Limited | 2.06% |
| Acacia Partners, LP | 1.87% |
| Acacia Conservation Fund LP | 1.61% |
| Acacia Institutional Partners, LP | 1.43% |
| Viral Amal Parikh | 1.27% |
| Ravinder Kumar Agarwal | 1.05% |
1,91,601 shareholders. Pledged: 0.00% of promoter shares.
Peers in TV Broadcasting & Software Production
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| SUNTV | ₹22,545 cr | 14.7x | 1.8x | 12.6% | 16.6% | 50.1% | +4.7% | 2.18% |
| ZEEL | ₹6,173 cr | 30.3x | 0.5x | 1.8% | 1.7% | 3.1% | +0.1% | 3.78% |
| HATHWAY | ₹1,591 cr | 23.7x | 0.3x | 1.5% | 2.1% | 13.0% | +5.0% | – |
| DEN | ₹1,174 cr | 7.8x | 0.3x | 4.0% | 5.0% | 5.3% | -4.8% | – |
| TVTODAY | ₹601 cr | 34.9x | 0.7x | 1.9% | 2.8% | 2.4% | -2.7% | 2.98% |
| GTPL | ₹600 cr | – | 0.5x | -0.2% | 2.8% | 10.1% | +11.8% | 3.75% |
| NDTV | ₹509 cr | – | 4.0x | -357.1% | -96.5% | -51.3% | +11.0% | – |
| ZEEMEDIA | ₹438 cr | – | 2.0x | -0.6% | 5.2% | 12.7% | +1.8% | – |
| DISHTV | ₹365 cr | – | – | – | – | -30.2% | -19.9% | – |
| AQYLON | ₹352 cr | 29.9x | – | – | – | 72.8% | – | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2017-10-05 | Restructuring | Scheme Of Arrangement |
| 2016-07-28 | Dividend | Annual General Meeting/Dividend Re 0.15 Per Share |
| 2015-07-30 | Other | Annual General Meeting |
| 2015-03-16 | Rights | Rights 3:10 @ Premium Rs 17/- Per Share |
| 2014-07-31 | Other | Annual General Meeting |
| 2013-07-18 | Other | Annual General Meeting |
| 2012-07-05 | Other | Annual General Meeting |
| 2011-07-14 | Other | Annual General Meeting |
| 2010-08-20 | Other | Annual General Meeting |
| 2010-04-15 | Restructuring | Scheme Of Arrangement |
| 2009-08-06 | Other | Agm/Div-Re0.40 Per Share |
| 2008-07-17 | Dividend | Agm/Dividend - 40% |
| 2007-07-19 | Other | Agm |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Broadcasting of satellite television channels: Advertisement Income
- Broadcasting of satellite television channels: Subscription Income
- Other content distribution activities: Sale / License – Content
| Sector | Consumer Discretionary |
| Industry | TV Broadcasting & Software Production |
| Sub-industry | TV Broadcasting & Software Production |
| Symbol | ZEEMEDIA |
| BSE code | 532794 |
| ISIN | INE966H01019 |
| Face value | ₹1.0 |
| Incorporated | 1999-08-27 |
| Website | www.zeemedia.in |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.