Den Networks Ltd.
•₹ 28.171.51%
2026-08-21
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
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | SUNTV | 480.55 | 12.38 | 18937.74 | 2.60 | 619.07 | 16.98 | 1457.88 | 12.99 | 20.11 | 50.64 |
| 2. | ZEEL | 102.40 | 47.82 | 9835.72 | 1.95 | 74.30 | -48.30 | 1907.30 | 4.52 | 8.50 | 5.22 |
| 3. | NETWORK18 | 28.02 | 0.00 | 4320.68 | 0.00 | -38.36 | -102.58 | 516.26 | 10.34 | -8.61 | 8.76 |
| 4. | DEN | 27.33 | 8.80 | 1304.25 | 0.00 | 34.59 | -35.52 | 242.77 | 0.62 | 5.67 | 4.74 |
| 5. | NDTV | 73.53 | 0.00 | 829.60 | 0.00 | -818.80 | -1064.56 | 1172.30 | 988.99 | -91.45 | -58.02 |
| 6. | TVTODAY | 116.65 | 40.56 | 696.03 | 0.00 | 10.26 | 39.59 | 206.22 | 4.58 | 3.58 | 7.66 |
| 7. | ZEEMEDIA | 9.25 | 0.00 | 606.27 | 0.00 | -12.12 | -37.57 | 190.85 | 4.66 | -35.79 | 8.52 |
| 8. | GTPL | 53.89 | 80.63 | 606.06 | 3.71 | 1.38 | -81.20 | 1015.41 | 12.36 | 6.75 | 10.31 |
| 9. | DISHTV | 2.79 | 0.00 | 513.71 | 0.00 | -2863.00 | -2928.67 | 2658.30 | 707.11 | 0.00 | -40.89 |
| 10. | ENIL | 101.70 | 0.00 | 484.81 | 1.97 | -6.01 | -14.22 | 113.68 | -1.26 | 4.29 | 7.94 |
| 11. | NDLVENTURE | 116.50 | 0.00 | 392.27 | 0.43 | -46.36 | -69.15 | 245.22 | -9.40 | 1.69 | 12.47 |
| 12. | RADIOCITY | 6.63 | 4.88 | 229.19 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 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 |
| 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 |
| 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | |
| Equity Capital | 477 | 477 | 477 | 477 | 477 | 477 | 477 | 477 | 477 | 477 | 477 | 477 | 477 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 477 | 477 | 477 | 477 | 477 | 477 | 477 | 477 | 477 | 477 | 477 | 477 | 477 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 273
- 242
- Operating Profit
- —
- OPM %
- —
- Other Income
- 50
- Interest
- 1
- Depreciation
- 28
- 52
- Tax %
- 14.82%
- Net Profit
- 0
- 1
- Equity Capital
- 477
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 477
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 277
- 234
- Operating Profit
- —
- OPM %
- —
- Other Income
- 52
- Interest
- 1
- Depreciation
- 29
- 65
- Tax %
- 28.09%
- Net Profit
- 0
- 1
- Equity Capital
- 477
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 477
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 273
- 232
- Operating Profit
- —
- OPM %
- —
- Other Income
- 51
- Interest
- 1
- Depreciation
- 28
- 63
- Tax %
- 22.32%
- Net Profit
- 0
- 1
- Equity Capital
- 477
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 477
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 258
- 218
- Operating Profit
- —
- OPM %
- —
- Other Income
- 55
- Interest
- 1
- Depreciation
- 28
- 66
- Tax %
- -12.53%
- Net Profit
- 0
- 2
- Equity Capital
- 477
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 477
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 248
- 219
- Operating Profit
- —
- OPM %
- —
- Other Income
- 55
- Interest
- 1
- Depreciation
- 26
- 57
- Tax %
- 21.33%
- Net Profit
- 43
- 1
- Equity Capital
- 477
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 477
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 249
- 221
- Operating Profit
- —
- OPM %
- —
- Other Income
- 69
- Interest
- 1
- Depreciation
- 27
- 69
- Tax %
- 24.95%
- Net Profit
- 52
- 1
- Equity Capital
- 477
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 477
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 261
- 233
- Operating Profit
- —
- OPM %
- —
- Other Income
- 55
- Interest
- 1
- Depreciation
- 26
- 56
- Tax %
- 24.26%
- Net Profit
- 42
- 1
- Equity Capital
- 477
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 477
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 248
- 220
- Operating Profit
- —
- OPM %
- —
- Other Income
- 65
- Interest
- 0
- Depreciation
- 26
- 66
- Tax %
- 13.37%
- Net Profit
- 60
- 1
- Equity Capital
- 477
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 477
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 241
- 220
- Operating Profit
- —
- OPM %
- —
- Other Income
- 71
- Interest
- 1
- Depreciation
- 24
- 67
- Tax %
- 16.96%
- Net Profit
- 54
- 1
- Equity Capital
- 477
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 477
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 241
- 222
- Operating Profit
- —
- OPM %
- —
- Other Income
- 52
- Interest
- 0
- Depreciation
- 23
- 47
- Tax %
- 23.00%
- Net Profit
- 35
- 1
- Equity Capital
- 477
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 477
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 251
- 238
- Operating Profit
- —
- OPM %
- —
- Other Income
- 57
- Interest
- 0
- Depreciation
- 23
- 46
- Tax %
- 16.24%
- Net Profit
- 40
- 1
- Equity Capital
- 477
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 477
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 241
- 225
- Operating Profit
- —
- OPM %
- —
- Other Income
- 53
- Interest
- 0
- Depreciation
- 21
- 47
- Tax %
- 27.11%
- Net Profit
- 36
- 1
- Equity Capital
- 477
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 477
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 243
- 251
- Operating Profit
- —
- OPM %
- —
- Other Income
- 55
- Interest
- 0
- Depreciation
- 20
- 46
- Tax %
- 25.60%
- Net Profit
- 35
- 0
- Equity Capital
- 477
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 477
- Reserves
- 0
- Promoter Pledge %
- 0.00%
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 | 220 | 308 | 229 | 387 | 447 | 324 | 264 | 362 | 356 | 301 | — |
| OPM % | 19 | 24 | 19 | 30 | 34 | 26 | 23 | 33 | 35 | 31 | — |
| Other Income | 41 | 30 | 46 | 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 |
| -152 | -7 | -282 | 109 | 186 | 174 | 143 | 245 | 249 | 208 | 187 | |
| Tax % | -22 | -152 | -5 | 47 | -2 | 2 | -65 | 13 | 21 | 20 | 23 |
| Net Profit | -185 | -17 | -295 | 58 | 189 | 171 | 236 | 213 | 197 | 166 | 144 |
| EPS | 0 | 0 | 0 | 0 | 4 | 4 | 5 | 5 | 4 | 3 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | -21 | -17 | 23 | 11 | 9 | 5 | 6 | 2 | 3 | 0 | -2 |
| Share of Associates | -3 | -1 | -5 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Adjusted EPS | -11 | -2 | -6 | 1 | 4 | 4 | 5 | 5 | 4 | 3 | — |
| Minority Interest | -21 | -17 | 23 | 11 | 9 | 5 | 6 | 2 | 3 | 0 | -2 |
| Share of Associates | -3 | -1 | -5 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Adjusted EPS | -11 | -2 | -6 | 1 | 4 | 4 | 5 | 5 | 4 | 3 | — |
Mar 2017
- 1,157
- 979
- Operating Profit
- 220
- OPM %
- 19
- Other Income
- 41
- Interest
- 65
- Depreciation
- 276
- -152
- Tax %
- -22
- Net Profit
- -185
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- -21
- Share of Associates
- -3
- Adjusted EPS
- -11
- Minority Interest
- -21
- Share of Associates
- -3
- Adjusted EPS
- -11
Mar 2018
- 1,285
- 1,007
- Operating Profit
- 308
- OPM %
- 24
- Other Income
- 30
- Interest
- 66
- Depreciation
- 249
- -7
- Tax %
- -152
- Net Profit
- -17
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- -17
- Share of Associates
- -1
- Adjusted EPS
- -2
- Minority Interest
- -17
- Share of Associates
- -1
- Adjusted EPS
- -2
Mar 2019
- 1,206
- 1,023
- Operating Profit
- 229
- OPM %
- 19
- Other Income
- 46
- Interest
- 59
- Depreciation
- 242
- -282
- Tax %
- -5
- Net Profit
- -295
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 23
- Share of Associates
- -5
- Adjusted EPS
- -6
- Minority Interest
- 23
- Share of Associates
- -5
- Adjusted EPS
- -6
Mar 2020
- 1,291
- 1,106
- Operating Profit
- 387
- OPM %
- 30
- Other Income
- 202
- Interest
- 32
- Depreciation
- 247
- 109
- Tax %
- 47
- Net Profit
- 58
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 11
- Share of Associates
- 1
- Adjusted EPS
- 1
- Minority Interest
- 11
- Share of Associates
- 1
- Adjusted EPS
- 1
Mar 2021
- 1,307
- 1,057
- Operating Profit
- 447
- OPM %
- 34
- Other Income
- 197
- Interest
- 3
- Depreciation
- 251
- 186
- Tax %
- -2
- Net Profit
- 189
- EPS
- 4
- Dividend Payout %
- 0
- Minority Interest
- 9
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 9
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2022
- 1,226
- 1,033
- Operating Profit
- 324
- OPM %
- 26
- Other Income
- 132
- Interest
- 0
- Depreciation
- 148
- 174
- Tax %
- 2
- Net Profit
- 171
- EPS
- 4
- Dividend Payout %
- 0
- Minority Interest
- 5
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 5
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2023
- 1,130
- 1,120
- Operating Profit
- 264
- OPM %
- 23
- Other Income
- 254
- Interest
- 1
- Depreciation
- 119
- 143
- Tax %
- -65
- Net Profit
- 236
- EPS
- 5
- Dividend Payout %
- 0
- Minority Interest
- 6
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 6
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2024
- 1,081
- 1,104
- Operating Profit
- 362
- OPM %
- 33
- Other Income
- 385
- Interest
- 3
- Depreciation
- 113
- 245
- Tax %
- 13
- Net Profit
- 213
- EPS
- 5
- Dividend Payout %
- 0
- Minority Interest
- 2
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 2
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2025
- 1,005
- 894
- Operating Profit
- 356
- OPM %
- 35
- Other Income
- 245
- Interest
- 2
- Depreciation
- 106
- 249
- Tax %
- 21
- Net Profit
- 197
- EPS
- 4
- Dividend Payout %
- 0
- Minority Interest
- 3
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 3
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2026
- 974
- 1,030
- Operating Profit
- 301
- OPM %
- 31
- Other Income
- 356
- Interest
- 2
- Depreciation
- 91
- 208
- Tax %
- 20
- Net Profit
- 166
- EPS
- 3
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
TTM
- 976
- 936
- Operating Profit
- —
- OPM %
- —
- Other Income
- 217
- Interest
- 2
- Depreciation
- 87
- 187
- Tax %
- 23
- Net Profit
- 144
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- -2
- Share of Associates
- 1
- Adjusted EPS
- —
- Minority Interest
- -2
- Share of Associates
- 1
- Adjusted EPS
- —
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:
- -11%
- 5 Years:
- -10%
- 3 Years:
- -13%
- 1 Year:
- -26%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 194 | 195 | 477 | 477 | 477 | 477 | 477 | 477 | 477 | 477 |
| 603 | 582 | 2,068 | 2,126 | 2,298 | 2,476 | 2,731 | 2,943 | 3,143 | 3,308 | |
| 123 | 216 | 216 | 213 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 330 | 255 | 264 | 370 | 290 | 249 | 267 | 262 | 292 | 286 |
| 1,186 | 1,245 | 905 | 548 | 364 | 282 | 164 | 140 | 146 | 90 | |
| Total Liabilities | 2,436 | 2,493 | 3,930 | 3,734 | 3,428 | 3,483 | 3,639 | 3,823 | 4,058 | 4,161 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 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 |
| Total Debt | 504 | 530 | 482 | 213 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Working Capital | -178 | 23 | 1,883 | 1,801 | 2,086 | 2,284 | 2,438 | 2,726 | 2,966 | 3,122 |
| Contingent Liabilities | 198 | 186 | 184 | 190 | 70 | 94 | 168 | 72 | 190 | 94 |
| Book Value per Share | 41.14 | 39.78 | 53.38 | 54.59 | 58.20 | 61.94 | 67.27 | 71.74 | 75.92 | 79.39 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 504 | 530 | 482 | 213 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Working Capital | -178 | 23 | 1,883 | 1,801 | 2,086 | 2,284 | 2,438 | 2,726 | 2,966 | 3,122 |
| Contingent Liabilities | 198 | 186 | 184 | 190 | 70 | 94 | 168 | 72 | 190 | 94 |
| Book Value per Share | 41.14 | 39.78 | 53.38 | 54.59 | 58.20 | 61.94 | 67.27 | 71.74 | 75.92 | 79.39 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2017
- Equity Capital
- 194
- 603
- 123
- Trade Payables
- 330
- 1,186
- Total Liabilities
- 2,436
- 1,299
- Capital Work in Progress
- 45
- 101
- 0
- Cash & Bank
- 326
- 665
- Total Assets
- 2,436
- Total Debt
- 504
- Net Working Capital
- -178
- Contingent Liabilities
- 198
- Book Value per Share
- 41.14
- Face Value
- 10.00
- Total Debt
- 504
- Net Working Capital
- -178
- Contingent Liabilities
- 198
- Book Value per Share
- 41.14
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 195
- 582
- 216
- Trade Payables
- 255
- 1,245
- Total Liabilities
- 2,493
- 1,186
- Capital Work in Progress
- 50
- 127
- 0
- Cash & Bank
- 318
- 811
- Total Assets
- 2,493
- Total Debt
- 530
- Net Working Capital
- 23
- Contingent Liabilities
- 186
- Book Value per Share
- 39.78
- Face Value
- 10.00
- Total Debt
- 530
- Net Working Capital
- 23
- Contingent Liabilities
- 186
- Book Value per Share
- 39.78
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 477
- 2,068
- 216
- Trade Payables
- 264
- 905
- Total Liabilities
- 3,930
- 935
- Capital Work in Progress
- 19
- 2,139
- 0
- Cash & Bank
- 225
- 613
- Total Assets
- 3,930
- Total Debt
- 482
- Net Working Capital
- 1,883
- Contingent Liabilities
- 184
- Book Value per Share
- 53.38
- Face Value
- 10.00
- Total Debt
- 482
- Net Working Capital
- 1,883
- Contingent Liabilities
- 184
- Book Value per Share
- 53.38
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 477
- 2,126
- 213
- Trade Payables
- 370
- 548
- Total Liabilities
- 3,734
- 763
- Capital Work in Progress
- 21
- 69
- 0
- Cash & Bank
- 2,349
- 532
- Total Assets
- 3,734
- Total Debt
- 213
- Net Working Capital
- 1,801
- Contingent Liabilities
- 190
- Book Value per Share
- 54.59
- Face Value
- 10.00
- Total Debt
- 213
- Net Working Capital
- 1,801
- Contingent Liabilities
- 190
- Book Value per Share
- 54.59
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 477
- 2,298
- 0
- Trade Payables
- 290
- 364
- Total Liabilities
- 3,428
- 609
- Capital Work in Progress
- 37
- 2,140
- 0
- Cash & Bank
- 316
- 327
- Total Assets
- 3,428
- Total Debt
- 0
- Net Working Capital
- 2,086
- Contingent Liabilities
- 70
- Book Value per Share
- 58.20
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 2,086
- Contingent Liabilities
- 70
- Book Value per Share
- 58.20
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 477
- 2,476
- 0
- Trade Payables
- 249
- 282
- Total Liabilities
- 3,483
- 557
- Capital Work in Progress
- 21
- 1,913
- 0
- Cash & Bank
- 701
- 292
- Total Assets
- 3,483
- Total Debt
- 0
- Net Working Capital
- 2,284
- Contingent Liabilities
- 94
- Book Value per Share
- 61.94
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 2,284
- Contingent Liabilities
- 94
- Book Value per Share
- 61.94
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 477
- 2,731
- 0
- Trade Payables
- 267
- 164
- Total Liabilities
- 3,639
- 562
- Capital Work in Progress
- 29
- 1,426
- 0
- Cash & Bank
- 1,334
- 288
- Total Assets
- 3,639
- Total Debt
- 0
- Net Working Capital
- 2,438
- Contingent Liabilities
- 168
- Book Value per Share
- 67.27
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 2,438
- Contingent Liabilities
- 168
- Book Value per Share
- 67.27
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 477
- 2,943
- 0
- Trade Payables
- 262
- 140
- Total Liabilities
- 3,823
- 515
- Capital Work in Progress
- 18
- 1,709
- 109
- Cash & Bank
- 1,287
- 185
- Total Assets
- 3,823
- Total Debt
- 0
- Net Working Capital
- 2,726
- Contingent Liabilities
- 72
- Book Value per Share
- 71.74
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 2,726
- Contingent Liabilities
- 72
- Book Value per Share
- 71.74
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 477
- 3,143
- 0
- Trade Payables
- 292
- 146
- Total Liabilities
- 4,058
- 463
- Capital Work in Progress
- 14
- 1,516
- 150
- Cash & Bank
- 1,695
- 219
- Total Assets
- 4,058
- Total Debt
- 0
- Net Working Capital
- 2,966
- Contingent Liabilities
- 190
- Book Value per Share
- 75.92
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 2,966
- Contingent Liabilities
- 190
- Book Value per Share
- 75.92
- Face Value
- 10.00
Mar 2026
- Equity Capital
- 477
- 3,308
- 0
- Trade Payables
- 286
- 90
- Total Liabilities
- 4,161
- 404
- Capital Work in Progress
- 8
- 210
- 107
- Cash & Bank
- 3,139
- 293
- Total Assets
- 4,161
- Total Debt
- 0
- Net Working Capital
- 3,122
- Contingent Liabilities
- 94
- Book Value per Share
- 79.39
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 3,122
- Contingent Liabilities
- 94
- Book Value per Share
- 79.39
- Face Value
- 10.00
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 202 | 185 | 42 | 268 | 218 | 129 | 139 | 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 | |
| Free Cash Flow | 183 | 180 | -31 | 216 | 170 | 55 | 139 | 43 | -4 | -30 |
| OCF / Net Profit | -1.09 | -11.17 | -0.14 | 4.66 | 1.15 | 0.75 | 0.59 | 0.39 | 0.09 | -0.10 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 718 | 590 | 549 | 623 | 402 | 202 |
| OCF / Net Profit | -1.09 | -11.17 | -0.14 | 4.66 | 1.15 | 0.75 | 0.59 | 0.39 | 0.09 | -0.10 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 718 | 590 | 549 | 623 | 402 | 202 |
Mar 2017
- 202
- Cash from Investing
- -3
- Cash from Financing
- -277
- -78
- Free Cash Flow
- 183
- OCF / Net Profit
- -1.09
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.09
- Cumulative 5-Year FCF
- 0
Mar 2018
- 185
- Cash from Investing
- -83
- Cash from Financing
- -41
- 61
- Free Cash Flow
- 180
- OCF / Net Profit
- -11.17
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -11.17
- Cumulative 5-Year FCF
- 0
Mar 2019
- 42
- Cash from Investing
- -2,047
- Cash from Financing
- 1,933
- -72
- Free Cash Flow
- -31
- OCF / Net Profit
- -0.14
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.14
- Cumulative 5-Year FCF
- 0
Mar 2020
- 268
- Cash from Investing
- 429
- Cash from Financing
- -688
- 9
- Free Cash Flow
- 216
- OCF / Net Profit
- 4.66
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 4.66
- Cumulative 5-Year FCF
- 0
Mar 2021
- 218
- Cash from Investing
- -361
- Cash from Financing
- 134
- -9
- Free Cash Flow
- 170
- OCF / Net Profit
- 1.15
- Cumulative 5-Year FCF
- 718
- OCF / Net Profit
- 1.15
- Cumulative 5-Year FCF
- 718
Mar 2022
- 129
- Cash from Investing
- -258
- Cash from Financing
- 96
- -33
- Free Cash Flow
- 55
- OCF / Net Profit
- 0.75
- Cumulative 5-Year FCF
- 590
- OCF / Net Profit
- 0.75
- Cumulative 5-Year FCF
- 590
Mar 2023
- 139
- Cash from Investing
- -54
- Cash from Financing
- -115
- -30
- Free Cash Flow
- 139
- OCF / Net Profit
- 0.59
- Cumulative 5-Year FCF
- 549
- OCF / Net Profit
- 0.59
- Cumulative 5-Year FCF
- 549
Mar 2024
- 84
- Cash from Investing
- -66
- Cash from Financing
- -7
- 11
- Free Cash Flow
- 43
- OCF / Net Profit
- 0.39
- Cumulative 5-Year FCF
- 623
- OCF / Net Profit
- 0.39
- Cumulative 5-Year FCF
- 623
Mar 2025
- 18
- Cash from Investing
- -22
- Cash from Financing
- -7
- -11
- Free Cash Flow
- -4
- OCF / Net Profit
- 0.09
- Cumulative 5-Year FCF
- 402
- OCF / Net Profit
- 0.09
- Cumulative 5-Year FCF
- 402
Mar 2026
- -17
- Cash from Investing
- 24
- Cash from Financing
- -3
- 4
- Free Cash Flow
- -30
- OCF / Net Profit
- -0.10
- Cumulative 5-Year FCF
- 202
- OCF / Net Profit
- -0.10
- Cumulative 5-Year FCF
- 202
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | -10.76 | -1.76 | -5.82 | 1.47 | 4.15 | 3.69 | 5.09 | 4.50 | 4.20 | 3.48 |
| Book Value (₹) | 41.14 | 39.78 | 53.38 | 54.59 | 58.20 | 61.94 | 67.27 | 71.74 | 75.92 | 79.39 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 4.72 | 11.88 | -1.12 | 6.38 | 9.22 | 6.70 | 7.46 | 6.83 | 6.34 | 5.39 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 19.02% | 23.98% | 18.99% | 29.99% | 34.20% | 26.48% | 23.38% | -2.18% | 11.05% | -5.69% |
| Net Margin % | -15.97% | -1.29% | -24.47% | 4.45% | 14.45% | 13.96% | 20.91% | 19.69% | 19.57% | 17.00% |
| ROE % | -21.00% | -2.10% | -17.77% | 2.23% | 7.03% | 5.97% | 7.67% | 6.42% | 5.59% | 4.47% |
| ROCE % | -5.52% | 4.52% | -10.29% | 4.81% | 6.76% | 6.08% | 4.70% | 7.46% | 7.12% | 5.67% |
| -6.82% | -0.67% | -9.19% | 1.50% | 5.28% | 4.95% | 6.64% | 5.70% | 4.99% | 4.03% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 78 | 76 | 80 | 51 | 32 | 25 | 26 | 33 | 47 | 48 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 7991 | 4685 | 0 | 0 | 0 |
| 78 | 76 | 80 | 51 | 32 | -7967 | -4660 | 33 | 47 | 48 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.63x | 0.68x | 0.19x | 0.08x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Interest Coverage (x) | -1.33x | 0.90x | -3.81x | 4.41x | 56.41x | 626.48x | 103.06x | 96.04x | 119.93x | 111.46x |
| 0.82x | 1.03x | 3.39x | 3.23x | 5.28x | 6.48x | 6.64x | 7.64x | 7.67x | 8.36x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 22.15% | 11.04% | -6.15% | 7.08% | 1.24% | -6.26% | -7.76% | -4.40% | -6.97% | -3.10% |
| Operating Profit Growth % | 509.41% | 39.99% | -25.68% | 69.11% | 15.43% | -27.42% | -18.56% | 36.87% | -1.52% | -15.60% |
| Net Profit Growth % | 56.60% | 91.06% | -1685.69% | 119.49% | 228.49% | -9.45% | 38.16% | -9.97% | -7.55% | -15.81% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -11.61% | -6.80% | -17.14% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 10.46x | 7.44x | 6.61x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.66x | 0.41x | 0.29x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 2.65x | -0.58x | -6.79x |
Mar 2017
- EPS (₹)
- -10.76
- Book Value (₹)
- 41.14
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 4.72
- Operating Margin %
- 19.02%
- Net Margin %
- -15.97%
- ROE %
- -21.00%
- ROCE %
- -5.52%
- -6.82%
- Debtor Days
- 78
- Inventory Days
- 0
- Payable Days
- 0
- 78
- Debt to Equity (x)
- 0.63x
- Interest Coverage (x)
- -1.33x
- 0.82x
- Revenue Growth %
- 22.15%
- Operating Profit Growth %
- 509.41%
- Net Profit Growth %
- 56.60%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- -1.76
- Book Value (₹)
- 39.78
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 11.88
- Operating Margin %
- 23.98%
- Net Margin %
- -1.29%
- ROE %
- -2.10%
- ROCE %
- 4.52%
- -0.67%
- Debtor Days
- 76
- Inventory Days
- 0
- Payable Days
- 0
- 76
- Debt to Equity (x)
- 0.68x
- Interest Coverage (x)
- 0.90x
- 1.03x
- Revenue Growth %
- 11.04%
- Operating Profit Growth %
- 39.99%
- Net Profit Growth %
- 91.06%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- -5.82
- Book Value (₹)
- 53.38
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -1.12
- Operating Margin %
- 18.99%
- Net Margin %
- -24.47%
- ROE %
- -17.77%
- ROCE %
- -10.29%
- -9.19%
- Debtor Days
- 80
- Inventory Days
- 0
- Payable Days
- 0
- 80
- Debt to Equity (x)
- 0.19x
- Interest Coverage (x)
- -3.81x
- 3.39x
- Revenue Growth %
- -6.15%
- Operating Profit Growth %
- -25.68%
- Net Profit Growth %
- -1685.69%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 1.47
- Book Value (₹)
- 54.59
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 6.38
- Operating Margin %
- 29.99%
- Net Margin %
- 4.45%
- ROE %
- 2.23%
- ROCE %
- 4.81%
- 1.50%
- Debtor Days
- 51
- Inventory Days
- 0
- Payable Days
- 0
- 51
- Debt to Equity (x)
- 0.08x
- Interest Coverage (x)
- 4.41x
- 3.23x
- Revenue Growth %
- 7.08%
- Operating Profit Growth %
- 69.11%
- Net Profit Growth %
- 119.49%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 4.15
- Book Value (₹)
- 58.20
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 9.22
- Operating Margin %
- 34.20%
- Net Margin %
- 14.45%
- ROE %
- 7.03%
- ROCE %
- 6.76%
- 5.28%
- Debtor Days
- 32
- Inventory Days
- 0
- Payable Days
- 0
- 32
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 56.41x
- 5.28x
- Revenue Growth %
- 1.24%
- Operating Profit Growth %
- 15.43%
- Net Profit Growth %
- 228.49%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 3.69
- Book Value (₹)
- 61.94
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 6.70
- Operating Margin %
- 26.48%
- Net Margin %
- 13.96%
- ROE %
- 5.97%
- ROCE %
- 6.08%
- 4.95%
- Debtor Days
- 25
- Inventory Days
- 0
- Payable Days
- 7991
- -7967
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 626.48x
- 6.48x
- Revenue Growth %
- -6.26%
- Operating Profit Growth %
- -27.42%
- Net Profit Growth %
- -9.45%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 5.09
- Book Value (₹)
- 67.27
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 7.46
- Operating Margin %
- 23.38%
- Net Margin %
- 20.91%
- ROE %
- 7.67%
- ROCE %
- 4.70%
- 6.64%
- Debtor Days
- 26
- Inventory Days
- 0
- Payable Days
- 4685
- -4660
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 103.06x
- 6.64x
- Revenue Growth %
- -7.76%
- Operating Profit Growth %
- -18.56%
- Net Profit Growth %
- 38.16%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 4.50
- Book Value (₹)
- 71.74
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 6.83
- Operating Margin %
- -2.18%
- Net Margin %
- 19.69%
- ROE %
- 6.42%
- ROCE %
- 7.46%
- 5.70%
- Debtor Days
- 33
- Inventory Days
- 0
- Payable Days
- 0
- 33
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 96.04x
- 7.64x
- Revenue Growth %
- -4.40%
- Operating Profit Growth %
- 36.87%
- Net Profit Growth %
- -9.97%
- -11.61%
- P/E (x)
- 10.46x
- P/B (x)
- 0.66x
- Dividend Yield %
- 0.00%
- 2.65x
Mar 2025
- EPS (₹)
- 4.20
- Book Value (₹)
- 75.92
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 6.34
- Operating Margin %
- 11.05%
- Net Margin %
- 19.57%
- ROE %
- 5.59%
- ROCE %
- 7.12%
- 4.99%
- Debtor Days
- 47
- Inventory Days
- 0
- Payable Days
- 0
- 47
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 119.93x
- 7.67x
- Revenue Growth %
- -6.97%
- Operating Profit Growth %
- -1.52%
- Net Profit Growth %
- -7.55%
- -6.80%
- P/E (x)
- 7.44x
- P/B (x)
- 0.41x
- Dividend Yield %
- 0.00%
- -0.58x
Mar 2026
- EPS (₹)
- 3.48
- Book Value (₹)
- 79.39
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 5.39
- Operating Margin %
- -5.69%
- Net Margin %
- 17.00%
- ROE %
- 4.47%
- ROCE %
- 5.67%
- 4.03%
- Debtor Days
- 48
- Inventory Days
- 0
- Payable Days
- 0
- 48
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 111.46x
- 8.36x
- Revenue Growth %
- -3.10%
- Operating Profit Growth %
- -15.60%
- Net Profit Growth %
- -15.81%
- -17.14%
- P/E (x)
- 6.61x
- P/B (x)
- 0.29x
- Dividend Yield %
- 0.00%
- -6.79x
Documents
Announcements
- Copy of Newspaper Publication
2026-08-14 - Den Networks Limited has informed the Exchange about Copy of Newspaper Publication
- 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.
Annual Reports
Credit Ratings
Nothing filed yet.