Raj Television Network Ltd.
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ABOUT
AI Sector View
AI GENERATEDMedia Entertainment & Publication
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.
PROS
- Company has delivered good sales growth of 16.3% CAGR over last 5 years
- Working capital cycle has improved - days down from 58 to 16
- Company generates healthy free cash flow
- Company maintains a comfortable, low leverage position
CONS
- Company is loss-making at the operating / net level
- Operating cash flow has been negative in recent years
- Receivables are growing faster than sales - a possible quality concern
- Company has a low return on equity of -7.1% over last 3 years
- Company has a low return on capital employed of -3.5%
- Interest coverage is weak at -4.5x - earnings barely cover interest
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SUNTV | 455.30 | 11.73 | 17942.67 | 2.75 | 619.07 | 16.98 | 1457.88 | 12.99 | 16.08 | 50.64 |
| ZEEL | 80.99 | 37.82 | 7779.25 | 2.47 | 74.30 | -48.30 | 1907.30 | 4.52 | 2.70 | 5.22 |
| NETWORK18 | 26.84 | 0.00 | 4138.73 | 0.00 | -38.36 | -102.58 | 516.26 | 10.34 | 4.63 | 8.76 |
| DEN | 27.07 | 8.71 | 1291.84 | 0.00 | 34.59 | -35.52 | 242.77 | 0.62 | 5.67 | 4.74 |
| NDTV | 72.82 | 0.00 | 821.59 | 0.00 | -818.80 | -1064.56 | 1172.30 | 988.99 | -91.45 | -58.02 |
| GTPL | 59.84 | 89.53 | 672.98 | 3.34 | 1.38 | -81.20 | 1015.41 | 12.36 | 6.75 | 10.31 |
| TVTODAY | 110.00 | 38.25 | 656.35 | 0.00 | 10.26 | 39.59 | 206.22 | 4.58 | 3.58 | 7.66 |
| ZEEMEDIA | 7.67 | 34.13 | 502.71 | 0.00 | -12.12 | -37.57 | 190.85 | 4.66 | -35.79 | 8.52 |
| ENIL | 101.74 | 0.00 | 485.00 | 1.97 | -6.01 | -14.22 | 113.68 | -1.26 | -2.19 | 7.94 |
| DISHTV | 2.40 | 0.00 | 441.90 | 0.00 | -2863.00 | -2928.67 | 2658.30 | 707.11 | 0.00 | -40.89 |
| NDLVENTURE | 126.00 | 560.45 | 424.26 | 0.40 | -46.36 | -69.15 | 245.22 | -9.40 | 1.69 | 12.47 |
| RAJTV | 7.82 | 0.00 | 40.60 | 0.00 | -1.01 | -388.00 | 14.97 | -9.67 | -17.56 | -2.51 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 27 | 23 | 40 | 16 | 25 | 36 | 43 | 22 | 17 | 16 | 16 | 21 | 15 | |
| 26 | 22 | 39 | 14 | 44 | 34 | 41 | 26 | 15 | 15 | 16 | 21 | 16 | |
| Operating Profit | 2 | 1 | 0 | 2 | -18 | 2 | 1 | -4 | 1 | 1 | 1 | 1 | -1 |
| OPM % | 5.65% | 4.69% | 1.16% | 10.74% | -71.22% | 4.17% | 3.14% | -20.48% | 8.15% | 6.85% | 5.43% | 3.71% | -7.93% |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before Tax | 0 | 0 | -0 | 1 | -20 | 0 | 0 | -6 | 1 | 0 | 0 | 0 | -1 |
| Tax % | 37.50% | 33.33% | 6.25% | 21.43% | 13.92% | 20.00% | 20.59% | 19.71% | 31.37% | 33.33% | 37.50% | 31.25% | 15.16% |
| Net Profit | 0 | 0 | -0 | 1 | -17 | 0 | 0 | -4 | 0 | 0 | 0 | 0 | -1 |
| 0.02 | 0.00 | -0.09 | 0.19 | -3.25 | 0.01 | 0.05 | -0.86 | 0.07 | 0.03 | 0.01 | 0.04 | -0.19 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 82 | 61 | 62 | 62 | 59 | 78 | 69 | 85 | 106 | 126 | 68 | |
| 77 | 53 | 51 | 49 | 48 | 65 | 57 | 79 | 102 | 145 | 67 | |
| Operating Profit | 5 | 8 | 10 | 14 | 11 | 13 | 12 | 6 | 5 | -19 | 2 |
| OPM % | 6.36% | 12.60% | 16.79% | 21.77% | 19.24% | 16.41% | 17.47% | 7.13% | 4.56% | -15.12% | 2.30% |
| 0 | 1 | 2 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | |
| Interest | 5 | 5 | 5 | 5 | 4 | 6 | 4 | 3 | 3 | 4 | 3 |
| Depreciation | 7 | 7 | 7 | 6 | 7 | 7 | 7 | 2 | 2 | 2 | 1 |
| Profit before Tax | -5 | -3 | 0 | 4 | 0 | 0 | 1 | 2 | 1 | -25 | -1 |
| Tax % | -12.80% | -57.09% | 3523.67% | -49.74% | 96.54% | 63.17% | 18.84% | 31.85% | 33.07% | 15.12% | -5.48% |
| Net Profit | -6 | -5 | -1 | 5 | 0 | 0 | 1 | 1 | 1 | -21 | -1 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.21 | 0.22 | 0.16 | -4.05 | — |
| Dividend Payout % | -21.45% | 0.00% | 0.00% | 9.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 4%
- 5 Years:
- 16%
- 3 Years:
- 22%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- -18%
- 5 Years:
- -25%
- 3 Years:
- -44%
- 1 Year:
- -81%
RETURN ON EQUITY
- 10 Years:
- -3%
- 5 Years:
- -4%
- 3 Years:
- -7%
- Last Year:
- -23%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 |
| 122 | 112 | 111 | 116 | 115 | 116 | 117 | 118 | 119 | 98 | |
| 36 | 39 | 39 | 30 | 28 | 30 | 31 | 25 | 27 | 34 | |
| Trade Payables | 8 | 0 | 3 | 1 | 6 | 5 | 4 | 26 | 6 | 23 |
| 12 | 8 | 11 | 15 | 21 | 19 | 13 | 8 | 7 | 12 | |
| Total Liabilities | 203 | 185 | 189 | 189 | 197 | 196 | 191 | 203 | 185 | 191 |
| 99 | 114 | 109 | 110 | 110 | 104 | 98 | 120 | 118 | 117 | |
| 11 | 3 | 5 | 1 | 1 | 1 | 5 | 0 | 10 | 0 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26 | 46 | |
| Cash & Bank | 5 | 2 | 2 | 2 | 2 | 3 | 2 | 2 | 3 | 0 |
| 89 | 66 | 73 | 76 | 83 | 89 | 86 | 80 | 28 | 28 | |
| Total Assets | 203 | 185 | 189 | 189 | 197 | 196 | 191 | 203 | 185 | 191 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 10 | -12 | 12 | 19 | 18 | 8 | 4 | 30 | 4 | -5 | |
| Cash from Investing | -2 | -11 | -2 | -7 | -7 | -0 | -1 | -24 | 0 | 0 |
| Cash from Financing | 0 | 19 | -10 | -12 | -10 | -7 | -3 | -7 | -4 | 3 |
| 2 | -3 | 0 | 0 | 0 | 0 | -0 | -0 | 0 | -2 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-07 - Raj Television Network Limited has informed the Exchange about Copy of Newspaper Publication of Notice of Thirty-Second Annual General Meeting, Information on E-voting and other matters
2026-09-04 - Raj Television Network Limited has informed the Exchange regarding 'Issuance Of Letter To Shareholders, Pursuant To Regulation 36(1)(B) Of The SEBI (LODR) Regulations, 2015'.
2026-09-04 - Raj Television Network Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 30, 2026
2026-08-31 - Raj Television Network Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-25 - Raj Television Network Limited has informed the Exchange regarding 'Machine Readable Format'.
2026-08-12 - Raj Television Network Limited has informed the Exchange about Copy of Newspaper Publication of Unaudited Financial Results for the quarter ended June 30, 2026.
2026-08-11 - Raj Television Network Limited has informed the Exchange regarding Change in Director(s) of the company.
2026-08-11 - Raj Television Network Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-27 - Raj Television Network Limited has informed the Exchange about Copy of Newspaper Publication on Notice to shareholders of the Company regarding transfer of equity shares to Investor Education and Protection Fund (IEPF)
News
Recent coverage and analyst commentary for RAJTV
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Raj Television Network Ltd.
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