Indian (NIFTY) Media Industry Analysis

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Fri, 05 Jun 2026	₹933.9b	₹500.1b	₹41.0b	16.9x	22.8x	1.9x
Sun, 03 May 2026	₹939.6b	₹473.2b	₹54.5b	16.4x	17.2x	2x
Tue, 31 Mar 2026	₹814.3b	₹469.9b	₹55.0b	12.9x	14.8x	1.7x
Thu, 26 Feb 2026	₹899.9b	₹468.8b	₹54.9b	15x	16.4x	1.9x
Sat, 24 Jan 2026	₹936.2b	₹460.2b	-₹4,518,272,914.00	17.3x	-207.2x	2x
Mon, 22 Dec 2025	₹1.0t	₹477.7b	₹30.9b	17.1x	32.4x	2.1x
Wed, 19 Nov 2025	₹1.0t	₹464.0b	₹37.6b	19.8x	27.3x	2.2x
Fri, 17 Oct 2025	₹1.1t	₹458.2b	₹42.8b	23.5x	25.7x	2.4x
Sun, 14 Sep 2025	₹1.1t	₹473.0b	₹41.5b	23.7x	26.3x	2.3x
Tue, 12 Aug 2025	₹1.1t	₹470.2b	₹40.5b	24.6x	26.5x	2.3x
Thu, 10 Jul 2025	₹1.1t	₹459.4b	₹24.7b	22.8x	44.7x	2.4x
Sat, 07 Jun 2025	₹1.1t	₹459.0b	₹24.6b	22.7x	43.7x	2.3x
Mon, 05 May 2025	₹981.1b	₹452.9b	₹28.9b	21.2x	33.9x	2.2x
Wed, 02 Apr 2025	₹993.2b	₹469.3b	₹28.5b	21.6x	34.9x	2.1x
Fri, 28 Feb 2025	₹964.3b	₹517.9b	₹34.8b	22.2x	27.7x	1.9x
Sun, 26 Jan 2025	₹1.1t	₹513.9b	₹14.1b	28.3x	78.9x	2.2x
Tue, 24 Dec 2024	₹1.3t	₹605.9b	₹26.2b	27.9x	50.3x	2.2x
Thu, 21 Nov 2024	₹1.3t	₹623.0b	₹31.4b	25.4x	41.6x	2.1x
Sat, 19 Oct 2024	₹1.3t	₹610.1b	₹51.6b	30.4x	25.2x	2.1x
Mon, 16 Sep 2024	₹1.3t	₹634.2b	₹58.8b	32.2x	22.9x	2.1x
Wed, 14 Aug 2024	₹1.3t	₹631.6b	₹58.5b	31.2x	22.3x	2.1x
Fri, 12 Jul 2024	₹1.3t	₹627.1b	₹53.8b	31x	24.4x	2.1x
Sun, 09 Jun 2024	₹1.2t	₹627.3b	₹52.9b	27.4x	23x	1.9x
Tue, 07 May 2024	₹1.2t	₹616.7b	₹49.2b	27.2x	23.4x	1.9x
Thu, 04 Apr 2024	₹1.2t	₹594.8b	₹51.9b	26.7x	23.1x	2x
Sat, 02 Mar 2024	₹1.2t	₹592.8b	₹51.6b	29.4x	23.6x	2.1x
Mon, 29 Jan 2024	₹1.3t	₹585.4b	₹49.2b	31.8x	25.9x	2.2x
Wed, 27 Dec 2023	₹1.3t	₹584.1b	₹49.7b	24.3x	26.2x	2.2x
Fri, 24 Nov 2023	₹1.2t	₹507.1b	₹35.5b	24.6x	33x	2.3x
Sun, 22 Oct 2023	₹1.2t	₹494.8b	₹33.8b	35.6x	34.9x	2.4x
Tue, 19 Sep 2023	₹1.1t	₹492.6b	₹34.0b	34.4x	33.2x	2.3x
Thu, 17 Aug 2023	₹1.1t	₹495.7b	₹34.8b	27.5x	31.3x	2.2x
Sat, 15 Jul 2023	₹948.7b	₹450.7b	₹34.8b	23.1x	27.3x	2.1x
Mon, 12 Jun 2023	₹873.5b	₹450.0b	₹34.5b	25x	25.3x	1.9x

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 22.8x which is lower than its 3-year average PE of 31.0x.

The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 1.9x.

Past Earnings Growth

The earnings for companies in the Media industry have grown 5.9% per year over the last three years.
Revenues for these companies have grown 3.6% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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


IN Market	-1.95%
Telecom	-1.22%
Media	0.40%
Broadcasting	2.42%
Publishing	0.43%
Advertising	-1.24%
Cable and Satellite	-3.03%

Industry PE

Investors are most optimistic about the Broadcasting industry even though it's trading below its 3-year average PE ratio of 63.0x.

Analysts are expecting annual earnings growth of 17.1%, which is higher than its past year's earnings decline of 50.0% per year.

Forecasted Growth

Analysts are most optimistic on the Cable and Satellite industry, expecting annual earnings growth of 37% over the next 5 years.
This is better than its past earnings decline of 14% per year.

In contrast, the Publishing 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?

Company	Last Price	7D	1Y	Valuation
ZEEL Zee Entertainment Enterprises	₹104.42	14.2% +₹12.4b	-18.3%	PE36.7x
532368 Brightcom Group	₹11.61	12.6% +₹2.6b	n/a	PE2.7x
539682 Mobavenue AI Tech	₹1.40k	10.7% +₹2.1b	114.9%	PE73.6x
JAGRAN Jagran Prakashan	₹78.20	11.6% +₹1.8b	6.0%	PE8.6x
533217 Hindustan Media Ventures	₹77.37	21.7% +₹1.0b	-14.2%	PE4x

Company

Last Price

Valuation

ZEEL Zee Entertainment Enterprises

₹104.42

14.2%
+₹12.4b

-18.3%

PE36.7x

532368 Brightcom Group

₹11.61

12.6%
+₹2.6b

n/a

PE2.7x

539682 Mobavenue AI Tech

₹1.40k

10.7%
+₹2.1b

114.9%

PE73.6x

JAGRAN Jagran Prakashan

₹78.20

11.6%
+₹1.8b

6.0%

PE8.6x

533217 Hindustan Media Ventures

₹77.37

21.7%
+₹1.0b

-14.2%

PE4x

New Risk • May 31

New major risk - Dividend sustainability

The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.4% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 22% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.3% average weekly change). Market cap is less than US$100m (₹7.11b market cap, or US$74.9m).

Indian (NIFTY) Media Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Investor sentiment improves as stock rises 22%

ZEEL: Index Removal And Upcoming Results Will Highlight Downside Risk

AFFLE: Planned Fundraising And Margin Strength Will Support Bullish Outlook

With EPS Growth And More, Signpost India (NSE:SIGNPOST) Makes An Interesting Case

Jagran Prakashan Limited Announces Board Changes

Full year 2026 earnings released: EPS: ₹0.31 (vs ₹0.30 in FY 2025)

New major risk - Dividend sustainability

Navneet Education's (NSE:NAVNETEDUL) Problems Go Beyond Weak Profit

R K Swamy's (NSE:RKSWAMY) Solid Earnings Are Supported By Other Strong Factors

Dividend of ₹4.00 announced

Brightcom Group Limited to Report Q4, 2026 Results on May 30, 2026

Earnings Update: D. B. Corp Limited (NSE:DBCORP) Just Reported Its Yearly Results And Analysts Are Updating Their Forecasts

Mobavenue AI Tech Limited to Report Q4, 2026 Results on May 15, 2026

We Think You Should Be Aware Of Some Concerning Factors In Network18 Media & Investments' (NSE:NETWORK18) Earnings

DEN Networks' (NSE:DEN) Problems Go Beyond Weak Profit

Full year 2026 earnings released: EPS: ₹0.46 (vs ₹0.52 in FY 2025)