NDL Ventures Ltd.

•

ndlventures.inBSE: 500189NSE: NDLVENTURE

Market Cap₹ 422 Cr.

Current Price

High / Low₹ 140 / 80

Stock P/E—

Book Value—

Price to Book—

Dividend Yield0.40 %

ROCE3.2 %

ROE0.9 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2022 • Media & Communications: 93.6% • Other: 6.4% • Treasury: -0.0%

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

Operating margins have improved to 24.1% from -13.8%
Company has a consistent dividend-paying track record
Company generates healthy free cash flow

CONS

Company is loss-making at the operating / net level
Company has a high debt-to-equity of 2.60x
Company has a low return on equity of -18.7% over last 3 years
Operating cash flow has been negative in recent years
Company has a low return on capital employed of -1.2%
Interest coverage is weak at 0.3x - earnings barely cover interest

* 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

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022
	2,512	2,653	2,468	2,707	2,495	313	237	245
	2,848	2,901	3,051	3,151	3,030	244	225	215
Operating Profit	-336	-249	-583	-444	-535	69	12	31
OPM %	-13.36%	-9.37%	-23.60%	-16.41%	-21.43%	21.95%	5.00%	12.47%
	87	127	198	62	147	32	42	25
Interest	357	333	353	357	358	29	37	35
Depreciation	516	464	544	542	559	59	59	68
Profit before Tax	-249	-121	-385	-383	-388	12	-42	-47
Tax %	101.30%	212.50%	24.94%	26.73%	34.52%	-582.57%	6.68%	-1.77%
Net Profit	17	139	-286	-274	-266	84	-39	-46
	0.70	3.70	-13.07	-12.59	-11.83	27.44	-11.40	-14.66

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
	697	767	755	671	785	840	671	1,004	975	1,080	1,044
	474	629	639	552	726	791	803	1,112	769	892	987
Operating Profit	223	138	116	119	59	49	-132	-108	206	188	58
OPM %	31.99%	17.95%	15.40%	17.67%	7.52%	5.80%	-19.67%	-10.80%	21.10%	17.43%	5.51%
	5	7	25	53	41	24	75	162	34	72	113
Interest	46	121	93	135	162	149	154	160	150	141	137
Depreciation	67	122	84	89	124	150	153	197	204	223	241
Profit before Tax	115	-98	-36	-53	-186	-226	-364	-304	-115	-103	-115
Tax %	24.30%	42.27%	-75.66%	-71.51%	-9.42%	-2.35%	5.71%	55.82%	85.72%	101.91%	75.93%
Net Profit	87	-57	-64	-90	-204	-231	-343	-134	-16	2	-28
EPS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-11.10	-5.04	—
Dividend Payout %	38.43%	0.00%	168.90%	-44.30%	-63.55%	-20.79%	-13.52%	-6.10%	-33.00%	-106.09%	—

COMPOUNDED SALES GROWTH

10 Years:: 9%
5 Years:: 7%
3 Years:: 17%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: -1%
1 Year:: 41%

RETURN ON EQUITY

10 Years:: -19%
5 Years:: -28%
3 Years:: -19%
Last Year:: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Equity Capital	21	21	21	21	21	21	21	21	24	34
Minority Interest	159	102	14	11	141	-40	18	124	138	154
	798	762	743	618	429	882	517	99	59	314
	666	764	898	1,196	920	1,498	1,150	940	1,180	1,104
Trade Payables	125	143	214	311	211	239	243	298	249	164
	259	188	273	404	450	648	542	345	-0	-81
Total Liabilities	2,028	1,980	2,162	2,562	2,171	3,249	2,491	1,827	1,649	1,689
	540	604	603	767	844	854	768	1,162	1,152	1,178
Capital Work in Progress	112	38	39	195	25	13	22	12	10	6
	320	305	271	525	351	1,825	1,226	8	18	17
	464	424	444	504	433	40	38	47	46	24
	0	0	0	0	0	0	0	0	0	0
Cash & Bank	49	56	84	82	88	110	109	125	108	50
	543	553	720	490	431	406	327	473	315	413
Total Assets	2,028	1,980	2,162	2,562	2,171	3,249	2,491	1,827	1,649	1,689

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
	-96	146	32	592	126	-29	-159	-124	168	-21
Cash from Investing	-431	-20	32	-605	199	32	576	629	9	-152
Cash from Financing	557	-67	-3	77	-304	31	-387	-497	-189	195
	-0	17	11	20	-5	3	-8	-6	-14	16

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	66.20	66.20	66.20	66.20	66.20	66.20	66.20	66.20	66.20
	5.32	5.32	5.38	5.38	5.38	5.38	5.32	5.39	5.38
	1.25	1.25	1.25	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	27.23	27.23	27.17	28.42	28.42	28.42	28.48	28.41	28.42

Documents

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

2026-09-09

Clarification - Financial Results

2026-09-09 - The Exchange has sought clarification from NDL Ventures Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company is required to clarify the following: The response of the Company is awaited.

2026-08-30

Copy of Newspaper Publication

2026-08-30 - NDL Ventures Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-29

Record Date

2026-08-29 - NDL Ventures Limited has informed the Exchange that Record date for the purpose of Dividend is 15-Sep-2026.

2026-08-29

Record Date

2026-08-29 - NDL Ventures Limited has informed the Exchange that Record date for the purpose of Determining Eligible Members for evoting for purpose of 41st AGM is 15-Sep-2026.

2026-08-29

Shareholders meeting

2026-08-29 - NDL Ventures Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 21, 2026

2026-08-27

Copy of Newspaper Publication

2026-08-27 - NDL Ventures Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-20

General Updates

2026-08-20 - NDL Ventures Limited has informed the Exchange about General Updates

2026-08-12

Copy of Newspaper Publication

2026-08-12 - NDL Ventures Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-10

Outcome of Board Meeting

2026-08-10 - NDL Ventures Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

News

Recent coverage and analyst commentary for NDLVENTURE

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