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Indian (NIFTY) Media Industry Analysis

UpdatedMar 14, 2026
DataAggregated Company Financials
Companies59
  • 7D-4.3%
  • 3M-16.8%
  • 1Y-17.1%
  • YTD-18.3%

Over the last 7 days, the Media industry has dropped 4.3%, driven by Sun TV Network declining 6.2%. Meanwhile, MPS actually outperformed within the industry, gaining 5.2% in the last week. However, the industry is down 17% over the past year. As for the next few years, earnings are expected to grow by 13% per annum.

Industry Valuation and Performance

Has the Indian Media Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 15 Mar 2026₹835.3b₹470.4b₹55.1b13.7x15.2x1.8x
Tue, 10 Feb 2026₹962.6b₹462.2b₹53.8b16.5x17.9x2.1x
Thu, 08 Jan 2026₹1.0t₹478.3b₹31.0b17.9x33x2.1x
Sat, 06 Dec 2025₹998.0b₹477.7b₹30.9b18.3x32.3x2.1x
Mon, 03 Nov 2025₹1.1t₹458.2b₹44.1b23.1x24.3x2.3x
Wed, 01 Oct 2025₹1.1t₹473.4b₹41.5b23.1x26.2x2.3x
Fri, 29 Aug 2025₹1.1t₹473.0b₹41.5b23.7x25.5x2.2x
Sun, 27 Jul 2025₹1.1t₹463.7b₹38.7b25.6x27.8x2.3x
Tue, 24 Jun 2025₹1.1t₹458.6b₹24.5b22.1x44.6x2.4x
Thu, 22 May 2025₹1.0t₹457.9b₹31.5b18.7x33.1x2.3x
Sat, 19 Apr 2025₹1.0t₹470.4b₹28.5b22x35.7x2.2x
Mon, 17 Mar 2025₹947.1b₹517.9b₹34.8b19.8x27.3x1.8x
Wed, 12 Feb 2025₹1.0t₹515.4b₹12.5b24x84x2x
Fri, 10 Jan 2025₹1.3t₹605.9b₹26.2b27.5x48.2x2.1x
Sun, 08 Dec 2024₹1.4t₹611.5b₹27.9b26.9x49.9x2.3x
Tue, 05 Nov 2024₹1.3t₹604.1b₹52.3b27.4x25.1x2.2x
Thu, 03 Oct 2024₹1.4t₹609.6b₹53.1b31.7x25.9x2.3x
Sat, 31 Aug 2024₹1.4t₹631.8b₹58.8b32.1x23.1x2.1x
Mon, 29 Jul 2024₹1.3t₹624.9b₹52.3b29.8x25.4x2.1x
Wed, 26 Jun 2024₹1.2t₹627.1b₹53.8b28.7x23.2x2x
Fri, 24 May 2024₹1.2t₹623.8b₹51.0b27.8x23.4x1.9x
Sun, 21 Apr 2024₹1.1t₹615.0b₹50.7b25.9x22.7x1.9x
Tue, 19 Mar 2024₹1.1t₹595.1b₹51.9b25.4x21.7x1.9x
Thu, 15 Feb 2024₹1.3t₹587.5b₹49.2b31.6x25.5x2.1x
Sat, 13 Jan 2024₹1.4t₹585.6b₹49.4b26.9x28.4x2.4x
Mon, 11 Dec 2023₹1.3t₹583.2b₹49.6b25.3x25.6x2.2x
Wed, 08 Nov 2023₹1.1t₹501.3b₹34.0b33.4x33.8x2.3x
Fri, 06 Oct 2023₹1.1t₹492.5b₹34.0b32.2x33.2x2.3x
Sun, 03 Sep 2023₹1.1t₹492.6b₹34.0b30.8x33.1x2.3x
Tue, 01 Aug 2023₹1.0t₹490.6b₹35.4b21.5x28.6x2.1x
Thu, 29 Jun 2023₹874.3b₹450.5b₹34.7b24.5x25.2x1.9x
Sat, 27 May 2023₹837.9b₹455.4b₹35.2b21.6x23.8x1.8x
Mon, 24 Apr 2023₹826.8b₹468.9b₹18.6b19.4x44.4x1.8x
Wed, 22 Mar 2023₹857.4b₹469.4b₹20.6b18.4x41.6x1.8x
Price to Earnings Ratio

41.6x


Total Market Cap: ₹857.4bTotal Earnings: ₹20.6bTotal Revenue: ₹469.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Media Industry Price to Earnings3Y Average 32.5x202420252026
Current Industry PE
  • Investors are pessimistic on the Indian Media industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 15.2x which is lower than its 3-year average PE of 32.5x.
  • The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 1.8x.
Past Earnings Growth
  • The earnings for companies in the Media industry have grown 39% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Indian Telecom industry?

IN Market-4.42%
Telecom-4.06%
Media-4.26%
Cable and Satellite-2.73%
Advertising-3.27%
Publishing-3.31%
Broadcasting-5.50%
Industry PE
  • Investors are most optimistic about the Advertising industry even though it's trading below its 3-year average PE ratio of 44.3x.
    • Analysts are expecting annual earnings growth of 19.4%, which is higher than its past year's earnings growth of 14.3% per year.
  • Investors are most pessimistic about the Publishing industry, which is trading below its 3-year average of 14.2x.
Forecasted Growth
  • Analysts are most optimistic on the Advertising industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings growth rate of 14% per year.
  • In contrast, the Broadcasting industry is expected to see its earnings grow by 10% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
MPSLTD MPS₹1.47k5.2%
+₹1.2b		-41.9%PE14.3x
RAJTV Raj Television Network₹38.833.2%
+₹62.8m		-54.1%PS2.9x
GRAPHISAD Graphisads₹32.355.7%
+₹32.0m		-32.5%PE9.1x
BAGDIGITAL B.A.G. Convergence₹111.700.9%
+₹21.2m		n/aPE21x
HTMEDIA HT Media₹20.490.4%
+₹20.8m		13.3%PE1529x

Latest News

SUNTV
₹562.80
Sun TV Network
7D
-6.2%
1Y
-1.3%
HTMEDIA
₹20.49
HT Media
7D
0.4%
1Y
13.3%
AFFLE
₹1,338.10
Affle 3i
7D
-0.9%
1Y
-6.5%

AFFLE: Maintained Fair Value Will Rely On Upcoming Board Results

Analysts have maintained their price target for Affle 3i at ₹1,700, citing slightly higher assumptions for revenue growth, a marginally stronger profit margin, and a modestly lower future P/E multiple as reasons for keeping their view unchanged. What's in the News Board meeting scheduled for January 31, 2026, to consider and approve unaudited standalone financial results for the third quarter and nine months ended December 31, 2025 (Key Developments).
ZEEL
₹78.06
Zee Entertainment Enterprises
7D
-4.6%
1Y
-22.1%

ZEEL: Upcoming Results Review Will Support Stronger Long Term Earnings Outlook

Analysts have reduced their price target on Zee Entertainment Enterprises from ₹138.29 to ₹110.00, citing updated expectations for slower revenue growth, lower profit margins and a higher future P/E multiple. What's in the News Zee Entertainment Enterprises has scheduled a board meeting for January 22, 2026.
DBCORP
₹203.06
D. B
7D
-4.4%
1Y
-7.9%
532368
₹9.21
Brightcom Group
7D
-6.8%
1Y
n/a
VERTOZ
₹36.19
Vertoz
7D
-11.3%
1Y
-62.4%

Vertoz Limited (NSE:VERTOZ) Shares Slammed 26% But Getting In Cheap Might Be Difficult Regardless

Feb 14
Vertoz Limited (NSE:VERTOZ) Shares Slammed 26% But Getting In Cheap Might Be Difficult Regardless
RAJTV
₹38.83
Raj Television Network
7D
3.2%
1Y
-54.1%
GRAPHISAD
₹32.35
Graphisads
7D
5.7%
1Y
-32.5%
NAVNETEDUL
₹128.54
Navneet Education
7D
-7.9%
1Y
-4.3%
MPSLTD
₹1,465.20
MPS
7D
5.2%
1Y
-41.9%

Shareholders Would Enjoy A Repeat Of MPS' (NSE:MPSLTD) Recent Growth In Returns

Feb 07
Shareholders Would Enjoy A Repeat Of MPS' (NSE:MPSLTD) Recent Growth In Returns
534623
₹49.64
Jupiter Infomedia
7D
3.1%
1Y
21.6%
NETWORK18
₹31.10
Network18 Media & Investments
7D
-5.0%
1Y
-25.0%

Network18 Media & Investments Limited's (NSE:NETWORK18) Share Price Not Quite Adding Up

Jan 21
Network18 Media & Investments Limited's (NSE:NETWORK18) Share Price Not Quite Adding Up
500189
₹112.65
NDL Ventures
7D
0.4%
1Y
33.4%
BAGDIGITAL
₹111.70
B.A.G. Convergence
7D
0.9%
1Y
n/a
CUDML
₹99.00
Cash UR Drive Marketing
7D
0.5%
1Y
n/a