Den Networks Ltd.

•

dennetworks.comBSE: 533137NSE: DEN

Market Cap₹ 1,289 Cr.

Current Price

High / Low₹ 37 / 23

Stock P/E8.7

Book Value₹ 80

Price to Book0.29

Dividend Yield0.00 %

ROCE5.7 %

ROE4.5 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Cable: 95.8% • Broadband: 4.2%

AI Sector View

AI GENERATED

Media Entertainment & Publication

Hold

This sector uses indirect proxies rather than direct ad-spend data. Urban CMIE sentiment at 109.5 (2026-07), disposable personal income of INR 353131560 million (Dec/25), and consumer spending of INR 44743 billion (Jun/26) are supportive, but formal consumer confidence weakened to 88.3 (Jul/26). FPI flow is mildly negative at INR -558 crore over 3 months to 2026-08-31, so the stance remains neutral and confidence is capped.

Confidence

48%

View full sector analysis →

PROS

Company is almost debt free
Company has consistently been profitable over the last 5 years
Company generates healthy free cash flow

CONS

Company is loss-making at the operating / net level
Operating cash flow has been negative in recent years
A large part of profit comes from other income (171.1% of PBT)
Recent results are weak - TTM profit is down 35.4% versus prior year
Company has a low return on capital employed of 6.8%
Company has a low return on equity of 5.5% over last 3 years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Media Entertainment & PublicationMedia & EntertainmentTV Broadcasting & Software Production

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	SUNTV	475.45	12.25	18736.75	2.63	619.07	16.98	1457.88	12.99	16.08	50.64
2.	ZEEL	79.43	37.09	7629.41	2.52	74.30	-48.30	1907.30	4.52	2.70	5.22
3.	NETWORK18	26.65	0.00	4109.43	0.00	-38.36	-102.58	516.26	10.34	4.63	8.76
4.	DEN	27.00	8.69	1288.50	0.00	34.59	-35.52	242.77	0.62	5.67	4.74
5.	NDTV	71.96	0.00	811.89	0.00	-818.80	-1064.56	1172.30	988.99	-91.45	-58.02
6.	GTPL	59.88	89.59	673.43	3.34	1.38	-81.20	1015.41	12.36	6.75	10.31
7.	TVTODAY	110.10	38.28	656.95	0.00	10.26	39.59	206.22	4.58	3.58	7.66
8.	ZEEMEDIA	7.45	33.15	488.29	0.00	-12.12	-37.57	190.85	4.66	-35.79	8.52
9.	ENIL	102.10	0.00	486.71	1.96	-6.01	-14.22	113.68	-1.26	-2.19	7.94
10.	DISHTV	2.52	0.00	464.00	0.00	-2863.00	-2928.67	2658.30	707.11	0.00	-40.89
11.	NDLVENTURE	125.35	557.56	422.07	0.40	-46.36	-69.15	245.22	-9.40	1.69	12.47
12.	RADIOCITY	6.13	4.52	211.91	0.00	0.00	—	44.14	—	-8.67	9.64

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	273	277	273	258	248	249	261	248	241	241	251	241	243
	242	234	232	218	219	221	233	220	220	222	238	225	251
Operating Profit	31	43	41	40	28	28	28	28	21	19	13	15	-8
OPM %	11.33%	15.58%	14.90%	15.51%	11.37%	11.18%	10.61%	11.46%	8.70%	7.87%	5.22%	6.37%	-3.18%
	50	52	51	55	55	69	55	65	71	52	57	53	55
Interest	1	1	1	1	1	1	1	0	1	0	0	0	0
Depreciation	28	29	28	28	26	27	26	26	24	23	23	21	20
Profit before Tax	52	65	63	66	57	69	56	66	67	47	46	47	46
Tax %	14.82%	28.09%	22.32%	-12.53%	21.33%	24.95%	24.26%	13.37%	16.96%	23.00%	16.24%	27.11%	25.60%
Net Profit	0	0	0	0	43	52	42	60	54	35	40	36	35
	0.89	0.96	0.99	1.66	0.95	1.09	0.85	1.30	1.14	0.74	0.80	0.81	0.77

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,157	1,285	1,206	1,291	1,307	1,226	1,130	1,081	1,005	974	976
	979	1,007	1,023	1,106	1,057	1,033	1,120	1,104	894	1,030	936
Operating Profit	179	278	183	185	250	193	11	-24	111	-55	40
OPM %	15.45%	21.66%	15.15%	14.34%	19.13%	15.73%	0.93%	-2.18%	11.05%	-5.69%	4.07%
	11	30	-165	202	197	132	254	385	245	356	217
Interest	65	66	59	32	3	0	1	3	2	2	2
Depreciation	276	249	242	247	251	148	119	113	106	91	87
Profit before Tax	-152	-7	-282	109	186	174	143	245	249	208	187
Tax %	-21.73%	-151.81%	-4.56%	47.09%	-1.83%	1.61%	-64.95%	13.01%	20.85%	20.42%	23.00%
Net Profit	-185	-17	-295	58	189	171	236	213	197	166	144
EPS	0.00	0.00	0.00	0.00	4.15	3.69	5.09	4.50	4.20	3.48	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 0%
5 Years:: -6%
3 Years:: -5%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: -3%
3 Years:: -12%

STOCK PRICE CAGR

10 Years:: -9%
5 Years:: -11%
3 Years:: -13%
1 Year:: -25%

RETURN ON EQUITY

10 Years:: 0%
5 Years:: 6%
3 Years:: 5%
Last Year:: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	194	195	477	477	477	477	477	477	477	477
Minority Interest	90	104	78	71	65	60	49	43	40	41
	603	582	2,068	2,126	2,298	2,476	2,731	2,943	3,143	3,308
	721	895	747	405	113	63	58	41	33	28
Trade Payables	330	255	264	370	290	249	267	262	292	286
	498	462	296	285	186	158	58	56	73	21
Total Liabilities	2,436	2,493	3,930	3,734	3,428	3,483	3,639	3,823	4,058	4,161
	1,299	1,186	935	763	609	557	562	515	463	404
Capital Work in Progress	45	50	19	21	37	21	29	18	14	8
	101	127	2,139	69	2,140	1,913	1,426	1,709	1,516	210
	0	0	0	0	0	0	0	109	150	107
Cash & Bank	326	318	225	2,349	316	701	1,334	1,287	1,695	3,139
	665	811	613	532	327	292	288	185	219	293
Total Assets	2,436	2,493	3,930	3,734	3,428	3,483	3,639	3,823	4,058	4,161

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	265	193	77	268	155	119	104	84	18	-17
Cash from Investing	-3	-83	-2,047	429	-361	-258	-54	-66	-22	24
Cash from Financing	-277	-41	1,933	-688	134	96	-115	-7	-7	-3
	-78	61	-72	9	-9	-33	-30	11	-11	4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.90	74.90	74.90	74.90	74.90	74.90	74.90	74.90	74.90
	0.96	0.76	0.74	0.82	0.63	0.49	0.51	0.46	0.35
	0.18	0.19	0.20	0.14	0.14	0.14	0.14	0.14	0.05
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Public	23.96	24.15	24.16	24.14	24.33	24.48	24.46	24.51	24.71

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-03

Shareholders meeting

2026-09-03 - Den Networks Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 02, 2026. Further, the company has informed the Exchange regarding voting results.

2026-09-02

Shareholders meeting

2026-09-02 - Gist of the proceedings of the Nineteenth Annual General Meeting of the Company held today, i.e. Wednesday, September 2, 2026 is attached

2026-08-14

Copy of Newspaper Publication

2026-08-14 - Den Networks Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-12

Copy of Newspaper Publication

2026-08-12 - The newspaper clippings of the advertisement on Nineteenth Annual General Meeting andInformation on E-voting" and other related information published today i.e. August 12, 2026 in the newspapers are enclosed for information and records.

2026-08-11

Updates

2026-08-11 - The Business Responsibility and Sustainability Report of the Company for the financial year 2025-26, is attached.

2026-08-11

Shareholders meeting

2026-08-11 - Den Networks Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 02, 2026

2026-08-07

Copy of Newspaper Publication

2026-08-07 - Newspaper clippings - Annual General Meeting of the Members of the Company and other related information published today i.e. August 7, 2026 in the newspapers are enclosed for information and records

2026-08-06

General Updates

2026-08-06 - The 19th Annual General Meeting of the Members of the Company will be held on Wednesday, September 2, 2026 at 12:30 P.M. (IST) through Video Conferencing / Other Audio Visual Means

2026-07-14

Updates

2026-07-14 - Den Networks Limited has informed the Exchange regarding 'Investor Presentation'.

News

Recent coverage and analyst commentary for DEN

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AI Stock Analyst

Den Networks Ltd.

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Free 5nance Account

Name

SUNTV

475.45

12.25

18736.75

2.63

619.07

16.98

1457.88

12.99

16.08

50.64

ZEEL

79.43

37.09

7629.41

2.52

74.30

-48.30

1907.30

4.52

2.70

5.22

NETWORK18

26.65

0.00

4109.43

0.00

-38.36

-102.58

516.26

10.34

4.63

8.76

DEN

27.00

8.69

1288.50

0.00

34.59

-35.52

242.77

0.62

5.67

4.74

NDTV

71.96

0.00

811.89

0.00

-818.80

-1064.56

1172.30

988.99

-91.45

-58.02

GTPL

59.88

89.59

673.43

3.34

1.38

-81.20

1015.41

12.36

6.75

10.31

TVTODAY

110.10

38.28

656.95

0.00

10.26

39.59

206.22

4.58

3.58

7.66

ZEEMEDIA

7.45

33.15

488.29

0.00

-12.12

-37.57

190.85

4.66

-35.79

8.52

ENIL

102.10

0.00

486.71

1.96

-6.01

-14.22

113.68

-1.26

-2.19

7.94

DISHTV

2.52

0.00

464.00

0.00

-2863.00

-2928.67

2658.30

707.11

0.00

-40.89

NDLVENTURE

125.35

557.56

422.07

0.40

-46.36

-69.15

245.22

-9.40

1.69

12.47

RADIOCITY

6.13

4.52

211.91

0.00

—

44.14

—

-8.67

9.64

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

273

277

273

258

248

249

261

248

241

251

241

243

242

234

232

218

219

221

233

220

222

238

225

251

Operating Profit

-8

OPM %

11.33%

15.58%

14.90%

15.51%

11.37%

11.18%

10.61%

11.46%

8.70%

7.87%

5.22%

6.37%

-3.18%

Interest

Depreciation

Profit before Tax

Tax %

14.82%

28.09%

22.32%

-12.53%

21.33%

24.95%

24.26%

13.37%

16.96%

23.00%

16.24%

27.11%

25.60%

Net Profit

0.89

0.96

0.99

1.66

0.95

1.09

0.85

1.30

1.14

0.74

0.80

0.81

0.77

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

1,157

1,285

1,206

1,291

1,307

1,226

1,130

1,081

1,005

974

976

979

1,007

1,023

1,106

1,057

1,033

1,120

1,104

894

1,030

936

Operating Profit

179

278

183

185

250

193

-24

111

-55

OPM %

15.45%

21.66%

15.15%

14.34%

19.13%

15.73%

0.93%

-2.18%

11.05%

-5.69%

4.07%

-165

202

197

132

254

385

245

356

217

Interest

Depreciation

276

249

242

247

251

148

119

113

106

Profit before Tax

-152

-7

-282

109

186

174

143

245

249

208

187

Tax %

-21.73%

-151.81%

-4.56%

47.09%

-1.83%

1.61%

-64.95%

13.01%

20.85%

20.42%

23.00%

Net Profit

-185

-17

-295

189

171

236

213

197

166

144

EPS

0.00

4.15

3.69

5.09

4.50

4.20

3.48

—

Dividend Payout %

0.00%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

194

195

477

Minority Interest

104

603

582

2,068

2,126

2,298

2,476

2,731

2,943

3,143

3,308

721

895

747

405

113

Trade Payables

330

255

264

370

290

249

267

262

292

286

498

462

296

285

186

158

Total Liabilities

2,436

2,493

3,930

3,734

3,428

3,483

3,639

3,823

4,058

4,161

1,299

1,186

935

763

609

557

562

515

463

404

Capital Work in Progress

101

127

2,139

2,140

1,913

1,426

1,709

1,516

210

109

150

107

Cash & Bank

326

318

225

2,349

316

701

1,334

1,287

1,695

3,139

665

811

613

532

327

292

288

185

219

293

Total Assets

2,436

2,493

3,930

3,734

3,428

3,483

3,639

3,823

4,058

4,161

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

265

193

268

155

119

104

-17

Cash from Investing

-3

-83

-2,047

429

-361

-258

-54

-66

-22

Cash from Financing

-277

-41

1,933

-688

134

-115

-7

-3

-78

-72

-9

-33

-30

-11

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

74.90

0.96

0.76

0.74

0.82

0.63

0.49

0.51

0.46

0.35

0.18

0.19

0.20

0.14

0.05

Government

0.00

Public

23.96

24.15

24.16

24.14

24.33

24.48

24.46

24.51

24.71

Den Networks Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Den Networks Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI