Den Networks Ltd.

•

dennetworks.comBSE: 533137NSE: DEN

Market Cap₹ 1,297 Cr.

Current Price

High / Low₹ 37 / 23

Stock P/E12.4

Book Value₹ 81

Price to Book0.28

Dividend Yield0.00 %

ROCE4.4 %

ROE3.2 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Placement Income: 52.4% • Subscription Income: 25.7% • Feeder Charges Income: 16.5%

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 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 (215.4% of PBT)
Recent results are weak - TTM profit is down 43.5% versus prior year
Company has a low return on capital employed of 4.9%
Company has a low return on equity of 3.8% 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	449.50	11.58	17714.10	2.78	619.07	16.98	1457.88	12.99	16.08	50.64
2.	ZEEL	85.72	40.03	8233.57	2.33	74.30	-48.30	1907.30	4.52	2.70	5.22
3.	NETWORK18	26.94	0.00	4154.15	0.00	-38.36	-102.58	516.26	10.34	4.63	8.76
4.	DEN	27.18	8.75	1297.09	0.00	34.59	-35.52	242.77	0.62	5.67	4.74
5.	NDTV	73.71	0.00	831.63	0.00	-818.80	-1064.56	1172.30	988.99	-91.45	-58.02
6.	TVTODAY	110.25	38.34	657.85	0.00	10.26	39.59	206.22	4.58	3.58	7.66
7.	GTPL	58.15	87.00	653.97	3.44	1.38	-81.20	1015.41	12.36	6.75	10.31
8.	ZEEMEDIA	7.74	34.44	507.30	0.00	-12.12	-37.57	190.85	4.66	-35.79	8.52
9.	ENIL	100.40	0.00	478.61	1.99	-6.01	-14.22	113.68	-1.26	-2.19	7.94
10.	DISHTV	2.50	0.00	460.31	0.00	-2863.00	-2928.67	2658.30	707.11	0.00	-40.89
11.	NDLVENTURE	125.50	558.23	422.58	0.40	-46.36	-69.15	245.22	-9.40	1.69	12.47
12.	RADIOCITY	6.28	4.63	217.09	0.00	0.00	—	44.14	—	-8.67	9.64

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	271	273	267	224	243	245	258	244	246	248	258	250	257
	246	241	243	228	230	245	258	262	239	249	268	242	266
Operating Profit	25	32	24	-4	13	-1	1	-18	7	-1	-10	8	-9
OPM %	9.32%	11.79%	8.83%	-1.59%	5.24%	-0.29%	0.30%	-7.55%	2.71%	-0.51%	-3.95%	3.19%	-3.68%
	50	50	49	55	53	67	53	65	69	51	56	52	54
Interest	1	1	1	1	1	1	1	0	1	0	0	0	0
Depreciation	19	18	18	17	17	18	18	19	17	17	16	15	15
Profit before Tax	55	63	54	34	48	48	35	28	58	32	29	44	44
Tax %	13.41%	28.22%	24.72%	-22.98%	25.66%	27.90%	34.49%	12.99%	13.10%	27.85%	30.73%	34.47%	25.73%
Net Profit	48	45	41	42	36	34	23	24	51	23	20	29	33
	1.00	0.95	0.86	0.87	0.75	0.72	0.48	0.50	1.07	0.49	0.42	0.61	0.69

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	899	1,064	1,009	1,195	1,240	1,154	1,110	1,035	989	1,001	1,012
	855	927	931	1,062	1,022	998	1,122	1,070	995	1,122	1,025
Operating Profit	44	137	78	134	218	156	-12	-35	-6	-121	-13
OPM %	4.88%	12.90%	7.72%	11.17%	17.60%	13.51%	-1.08%	-3.36%	-0.57%	-12.14%	-1.28%
	-15	21	-96	188	190	124	262	317	239	352	212
Interest	60	60	56	31	3	1	1	2	2	2	2
Depreciation	185	144	145	166	159	90	77	73	72	65	63
Profit before Tax	-216	-46	-219	124	247	190	172	207	159	163	149
Tax %	-0.00%	32.34%	-0.00%	30.34%	0.25%	0.00%	-65.04%	14.95%	26.09%	24.87%	29.73%
Net Profit	-216	-31	-219	86	246	190	283	176	117	123	105
EPS	0.00	0.00	0.00	0.00	5.16	3.98	5.94	3.68	2.46	2.57	—
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:: 1%
5 Years:: -4%
3 Years:: -3%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: -13%
3 Years:: -24%

STOCK PRICE CAGR

10 Years:: -9%
5 Years:: -11%
3 Years:: -15%
1 Year:: -25%

RETURN ON EQUITY

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

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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
	623	606	2,156	2,242	2,469	2,664	2,960	3,136	3,254	3,377
	636	830	706	374	87	48	49	35	27	23
Trade Payables	375	365	370	424	418	299	318	324	376	367
	363	204	221	175	165	146	30	46	71	81
Total Liabilities	2,190	2,201	3,930	3,692	3,615	3,635	3,834	4,019	4,205	4,324
	735	678	518	366	259	249	275	252	224	187
Capital Work in Progress	31	31	8	11	31	18	25	16	12	7
	399	579	2,613	541	2,628	2,424	1,946	2,241	1,941	611
	0	0	0	0	0	0	0	156	208	148
Cash & Bank	278	253	163	2,255	256	628	1,269	1,225	1,649	3,078
	747	659	628	519	443	317	319	130	171	293
Total Assets	2,190	2,201	3,930	3,692	3,615	3,635	3,834	4,019	4,205	4,324

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	170	91	10	141	160	95	95	71	-67	-55
Cash from Investing	7	-58	-1,997	499	-317	-218	-27	-52	67	63
Cash from Financing	-263	-21	1,936	-674	136	96	-113	-4	-6	-3
	-84	45	-69	-20	45	-25	-19	15	-7	5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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

449.50

11.58

17714.10

2.78

619.07

16.98

1457.88

12.99

16.08

50.64

ZEEL

85.72

40.03

8233.57

2.33

74.30

-48.30

1907.30

4.52

2.70

5.22

NETWORK18

26.94

0.00

4154.15

0.00

-38.36

-102.58

516.26

10.34

4.63

8.76

DEN

27.18

8.75

1297.09

0.00

34.59

-35.52

242.77

0.62

5.67

4.74

NDTV

73.71

0.00

831.63

0.00

-818.80

-1064.56

1172.30

988.99

-91.45

-58.02

TVTODAY

110.25

38.34

657.85

0.00

10.26

39.59

206.22

4.58

3.58

7.66

GTPL

58.15

87.00

653.97

3.44

1.38

-81.20

1015.41

12.36

6.75

10.31

ZEEMEDIA

7.74

34.44

507.30

0.00

-12.12

-37.57

190.85

4.66

-35.79

8.52

ENIL

100.40

0.00

478.61

1.99

-6.01

-14.22

113.68

-1.26

-2.19

7.94

DISHTV

2.50

0.00

460.31

0.00

-2863.00

-2928.67

2658.30

707.11

0.00

-40.89

NDLVENTURE

125.50

558.23

422.58

0.40

-46.36

-69.15

245.22

-9.40

1.69

12.47

RADIOCITY

6.28

4.63

217.09

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

271

273

267

224

243

245

258

244

246

248

258

250

257

246

241

243

228

230

245

258

262

239

249

268

242

266

Operating Profit

-4

-1

-18

-1

-10

-9

OPM %

9.32%

11.79%

8.83%

-1.59%

5.24%

-0.29%

0.30%

-7.55%

2.71%

-0.51%

-3.95%

3.19%

-3.68%

Interest

Depreciation

Profit before Tax

Tax %

13.41%

28.22%

24.72%

-22.98%

25.66%

27.90%

34.49%

12.99%

13.10%

27.85%

30.73%

34.47%

25.73%

Net Profit

1.00

0.95

0.86

0.87

0.75

0.72

0.48

0.50

1.07

0.49

0.42

0.61

0.69

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

899

1,064

1,009

1,195

1,240

1,154

1,110

1,035

989

1,001

1,012

855

927

931

1,062

1,022

998

1,122

1,070

995

1,122

1,025

Operating Profit

137

134

218

156

-12

-35

-6

-121

-13

OPM %

4.88%

12.90%

7.72%

11.17%

17.60%

13.51%

-1.08%

-3.36%

-0.57%

-12.14%

-1.28%

-15

-96

188

190

124

262

317

239

352

212

Interest

Depreciation

185

144

145

166

159

Profit before Tax

-216

-46

-219

124

247

190

172

207

159

163

149

Tax %

-0.00%

32.34%

-0.00%

30.34%

0.25%

0.00%

-65.04%

14.95%

26.09%

24.87%

29.73%

Net Profit

-216

-31

-219

246

190

283

176

117

123

105

EPS

0.00

5.16

3.98

5.94

3.68

2.46

2.57

—

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

623

606

2,156

2,242

2,469

2,664

2,960

3,136

3,254

3,377

636

830

706

374

Trade Payables

375

365

370

424

418

299

318

324

376

367

363

204

221

175

165

146

Total Liabilities

2,190

2,201

3,930

3,692

3,615

3,635

3,834

4,019

4,205

4,324

735

678

518

366

259

249

275

252

224

187

Capital Work in Progress

399

579

2,613

541

2,628

2,424

1,946

2,241

1,941

611

156

208

148

Cash & Bank

278

253

163

2,255

256

628

1,269

1,225

1,649

3,078

747

659

628

519

443

317

319

130

171

293

Total Assets

2,190

2,201

3,930

3,692

3,615

3,635

3,834

4,019

4,205

4,324

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

170

141

160

-67

-55

Cash from Investing

-58

-1,997

499

-317

-218

-27

-52

Cash from Financing

-263

-21

1,936

-674

136

-113

-4

-6

-3

-84

-69

-20

-25

-19

-7

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

Sign in to Chat with AI

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