Network 18 Media & Investments Ltd.

•

nw18.comBSE: 532798NSE: NETWORK18

Market Cap₹ 4,109 Cr.

Current Price

High / Low₹ 58 / 26

Stock P/E—

Book Value₹ 31

Price to Book0.86

Dividend Yield0.00 %

ROCE4.6 %

ROE3.2 %

Face Value₹ 5

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ABOUT

KEY POINTS

Revenue Breakup Mar 2016 • Media Operations: 96.2% • Film Production and Distribution: 3.8%

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

Strong cash generation - operating cash flow backs reported profits (CFO/PAT 4.32x)
Working capital cycle has improved - days down from -135 to -474

CONS

Recent results are weak - TTM profit is down 98.1% versus prior year
Receivables are growing faster than sales - a possible quality concern
Operating cash flow has been negative in recent years
Company has a low return on equity of -6.4% over last 3 years
Promoter holding has decreased over last 2 years: -18.1pp
Company has a low return on capital employed of -1.5%

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

Peer comparison

Media Entertainment & PublicationMedia & EntertainmentTV Broadcasting & Software Production

Part ofNIFTY MICROCAP250 NIFTY TOTAL MKT

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
	3,239	1,866	1,774	2,419	3,141	1,825	1,360	561	468	498	539	616	516
	3,323	2,084	1,945	2,609	3,289	2,005	1,382	542	464	498	530	585	596
Operating Profit	-84	-218	-172	-190	-148	-179	-22	19	4	-0	10	30	-80
OPM %	-2.61%	-11.70%	-9.68%	-7.84%	-4.73%	-9.83%	-1.58%	3.39%	0.89%	-0.10%	1.79%	4.93%	-15.54%
	193	187	157	161	151	234	-1,344	-7	161	3	-7	-12	4
Interest	68	66	74	114	150	170	102	55	52	48	50	54	57
Depreciation	41	57	43	69	70	69	52	33	34	34	33	32	31
Profit before Tax	-1	-155	-132	-212	-217	-184	-1,519	-76	79	-79	-81	-67	-38
Tax %	285.00%	-0.95%	-0.32%	0.55%	-0.57%	-2.45%	0.01%	-0.00%	0.00%	-0.00%	-0.00%	-0.04%	-0.00%
Net Profit	0	0	0	0	-198	-152	-1,400	-291	1,488	412	-53	-296	-38
	-0.37	-0.54	-0.39	-0.72	-0.82	-0.63	-9.38	-0.20	0.97	0.27	-0.04	-0.20	-0.25

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
	1,491	1,839	5,116	5,357	4,705	5,880	6,223	9,297	6,888	2,121	2,169
	1,629	1,881	5,003	4,785	3,909	4,803	6,088	9,962	7,235	2,079	2,210
Operating Profit	-138	-42	113	573	796	1,077	135	-664	-347	42	-41
OPM %	-9.26%	-2.27%	2.21%	10.69%	16.91%	18.32%	2.18%	-7.14%	-5.04%	1.98%	-1.88%
	55	113	51	29	44	52	100	697	-949	147	-11
Interest	80	96	198	236	157	97	209	322	477	205	209
Depreciation	80	89	142	175	147	120	128	210	223	133	129
Profit before Tax	-261	-111	-231	143	512	939	-16	-389	-1,771	155	-265
Tax %	-3.69%	-55.59%	23.00%	60.80%	-6.80%	10.82%	1.44%	16.56%	-0.32%	0.02%	-0.01%
Net Profit	-271	-173	-178	56	547	838	-16	-325	-1,777	155	-265
EPS	-2.25	-1.49	-2.93	-2.29	0.31	2.00	-0.81	-1.99	-11.02	0.99	—
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:: 3%
5 Years:: -15%
3 Years:: -30%

COMPOUNDED PROFIT GROWTH

10 Years:: 20%
5 Years:: 36%
3 Years:: —

STOCK PRICE CAGR

10 Years:: -5%
5 Years:: -12%
3 Years:: -26%
1 Year:: -51%

RETURN ON EQUITY

10 Years:: 17%
5 Years:: 21%
3 Years:: -6%
Last Year:: 3%

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
	518	518	518	518	518	518	518	518	765	765
Minority Interest	1,627	2,288	2,413	2,702	3,220	3,852	3,920	12,987	66	69
	765	616	293	-1	29	237	157	14,148	3,977	4,153
	1,307	2,215	3,037	3,352	2,524	2,252	6,016	8,095	2,943	3,267
Trade Payables	351	1,528	1,756	1,477	1,425	1,566	2,108	2,416	443	345
	426	312	384	520	526	783	1,399	1,714	304	397
Total Liabilities	4,994	7,477	8,401	8,567	8,241	9,209	14,118	39,877	8,498	8,996
	1,766	2,907	2,868	2,973	2,929	2,876	3,055	3,681	1,788	1,753
Capital Work in Progress	1	22	33	12	4	3	86	104	0	0
	2,182	669	923	796	771	869	958	4,188	5,682	6,123
	2	1,344	1,905	2,037	1,886	2,588	5,891	10,210	9	2
	0	0	0	0	0	0	0	1,760	660	690
Cash & Bank	30	195	189	118	330	342	230	4,833	4	40
	1,013	2,341	2,483	2,631	2,320	2,530	3,898	15,101	354	387
Total Assets	4,994	7,477	8,401	8,567	8,241	9,209	14,118	39,877	8,498	8,996

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
	-151	169	-63	103	1,243	564	-2,942	-6,465	-1,912	-28
Cash from Investing	-362	-155	-445	-88	-85	-250	-722	-5,169	1,313	-20
Cash from Financing	518	131	645	-62	-1,049	-381	3,411	1,139	720	83
	-21	66	-3	-73	212	10	-115	-10,495	121	35

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
	75.00	75.00	56.89	56.89	56.89	56.89	56.89	56.89	56.89
	3.49	2.34	6.61	6.98	6.85	6.54	6.26	6.29	4.33
	0.06	0.09	0.18	0.19	0.22	0.15	0.15	0.13	0.12
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	21.44	22.56	36.33	35.94	36.05	36.42	36.70	36.69	38.66

Documents

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

2026-08-22

Copy of Newspaper Publication

2026-08-22 - Newspaper Advertisement Notice of the 31st Annual General Meeting.

2026-08-21

Updates

2026-08-21 - Business Responsibility and Sustainability Report for the financial year 2025-26.

2026-08-21

Shareholders meeting

2026-08-21 - Annual Report for the Financial Year 2025-26 including Notice convening the 31st Annual General Meeting.

2026-08-21

Spurt in Volume

2026-08-21 - Significant increase in volume has been observed in Network18 Media & Investments Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Network18 Media & Investments Limited has submitted their response.

2026-08-20

Spurt in Volume

2026-08-20 - Significant increase in volume has been observed in Network18 Media & Investments Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited.

2026-08-20

Copy of Newspaper Publication

2026-08-20 - Newspaper clippings regarding 31st Annual General Meeting of the Member of the Company and Special Window for re-lodgement of transfer deed / transfer & dematerialization of Physical shares of the Company purchased prior to April 1, 2019.

2026-08-19

General Updates

2026-08-19 - 31st Annual General Meeting of the Members of the Company and cut-off date for e-voting

2026-08-17

Copy of Newspaper Publication

2026-08-17 - Newspaper clippings Notice of hearing and final disposal of Company Scheme Petition in the matter of amalgamation of News18 Marathi Private Limited (a wholly owned subsidiary of the Company) with the Company.

2026-07-15

Press Release

2026-07-15 - Network18 Media & Investments Limited has informed the Exchange regarding a press release dated July 15, 2026, titled "Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Investors Update".

News

Recent coverage and analyst commentary for NETWORK18

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Network 18 Media & Investments Ltd.

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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

3,239

1,866

1,774

2,419

3,141

1,825

1,360

561

468

498

539

616

516

3,323

2,084

1,945

2,609

3,289

2,005

1,382

542

464

498

530

585

596

Operating Profit

-84

-218

-172

-190

-148

-179

-22

-0

-80

OPM %

-2.61%

-11.70%

-9.68%

-7.84%

-4.73%

-9.83%

-1.58%

3.39%

0.89%

-0.10%

1.79%

4.93%

-15.54%

193

187

157

161

151

234

-1,344

-7

161

-7

-12

Interest

114

150

170

102

Depreciation

Profit before Tax

-1

-155

-132

-212

-217

-184

-1,519

-76

-79

-81

-67

-38

Tax %

285.00%

-0.95%

-0.32%

0.55%

-0.57%

-2.45%

0.01%

-0.00%

0.00%

-0.00%

-0.04%

-0.00%

Net Profit

-198

-152

-1,400

-291

1,488

412

-53

-296

-38

-0.37

-0.54

-0.39

-0.72

-0.82

-0.63

-9.38

-0.20

0.97

0.27

-0.04

-0.20

-0.25

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

1,491

1,839

5,116

5,357

4,705

5,880

6,223

9,297

6,888

2,121

2,169

1,629

1,881

5,003

4,785

3,909

4,803

6,088

9,962

7,235

2,079

2,210

Operating Profit

-138

-42

113

573

796

1,077

135

-664

-347

-41

OPM %

-9.26%

-2.27%

2.21%

10.69%

16.91%

18.32%

2.18%

-7.14%

-5.04%

1.98%

-1.88%

113

100

697

-949

147

-11

Interest

198

236

157

209

322

477

205

209

Depreciation

142

175

147

120

128

210

223

133

129

Profit before Tax

-261

-111

-231

143

512

939

-16

-389

-1,771

155

-265

Tax %

-3.69%

-55.59%

23.00%

60.80%

-6.80%

10.82%

1.44%

16.56%

-0.32%

0.02%

-0.01%

Net Profit

-271

-173

-178

547

838

-16

-325

-1,777

155

-265

EPS

-2.25

-1.49

-2.93

-2.29

0.31

2.00

-0.81

-1.99

-11.02

0.99

—

Dividend Payout %

0.00%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

518

765

Minority Interest

1,627

2,288

2,413

2,702

3,220

3,852

3,920

12,987

765

616

293

-1

237

157

14,148

3,977

4,153

1,307

2,215

3,037

3,352

2,524

2,252

6,016

8,095

2,943

3,267

Trade Payables

351

1,528

1,756

1,477

1,425

1,566

2,108

2,416

443

345

426

312

384

520

526

783

1,399

1,714

304

397

Total Liabilities

4,994

7,477

8,401

8,567

8,241

9,209

14,118

39,877

8,498

8,996

1,766

2,907

2,868

2,973

2,929

2,876

3,055

3,681

1,788

1,753

Capital Work in Progress

104

2,182

669

923

796

771

869

958

4,188

5,682

6,123

1,344

1,905

2,037

1,886

2,588

5,891

10,210

1,760

660

690

Cash & Bank

195

189

118

330

342

230

4,833

1,013

2,341

2,483

2,631

2,320

2,530

3,898

15,101

354

387

Total Assets

4,994

7,477

8,401

8,567

8,241

9,209

14,118

39,877

8,498

8,996

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-151

169

-63

103

1,243

564

-2,942

-6,465

-1,912

-28

Cash from Investing

-362

-155

-445

-88

-85

-250

-722

-5,169

1,313

-20

Cash from Financing

518

131

645

-62

-1,049

-381

3,411

1,139

720

-21

-3

-73

212

-115

-10,495

121

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

75.00

56.89

3.49

2.34

6.61

6.98

6.85

6.54

6.26

6.29

4.33

0.06

0.09

0.18

0.19

0.22

0.15

0.13

0.12

Government

0.00

21.44

22.56

36.33

35.94

36.05

36.42

36.70

36.69

38.66

Network 18 Media & Investments 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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Network 18 Media & Investments 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