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Indian (NIFTY) Media Industry Analysis

UpdatedFeb 24, 2026
DataAggregated Company Financials
Companies58
  • 7D-1.7%
  • 3M-7.9%
  • 1Y-10.2%
  • YTD-9.0%

Over the last 7 days, the Media industry has dropped 1.7%, driven by Affle 3i declining 10%. Meanwhile, NDL Ventures actually outperformed within the industry, gaining 17% in the last week. However, the industry is down 10% over the past year. Looking forward, earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 25 Feb 2026₹927.4b₹468.8b₹54.9b15.5x16.9x2x
Fri, 23 Jan 2026₹952.8b₹458.2b-₹3,224,272,914.0017.4x-295.5x2.1x
Sun, 21 Dec 2025₹1.0t₹477.7b₹30.9b17.1x32.4x2.1x
Tue, 18 Nov 2025₹1.0t₹464.0b₹37.6b19.8x27.6x2.2x
Thu, 16 Oct 2025₹1.1t₹475.0b₹41.5b23.5x26.3x2.3x
Sat, 13 Sep 2025₹1.1t₹473.0b₹41.5b23.7x26.3x2.3x
Mon, 11 Aug 2025₹1.1t₹470.2b₹40.5b24.1x26.4x2.3x
Wed, 09 Jul 2025₹1.1t₹459.4b₹24.7b23.3x44.9x2.4x
Fri, 06 Jun 2025₹1.1t₹458.6b₹24.6b21.3x43.9x2.4x
Sun, 04 May 2025₹981.1b₹452.9b₹28.9b21.2x33.9x2.2x
Tue, 01 Apr 2025₹986.8b₹469.3b₹28.5b20.9x34.7x2.1x
Thu, 27 Feb 2025₹989.9b₹517.9b₹34.8b23.3x28.5x1.9x
Sat, 25 Jan 2025₹1.1t₹513.9b₹14.1b28.3x78.7x2.2x
Mon, 23 Dec 2024₹1.3t₹605.9b₹26.2b28.2x49.9x2.2x
Wed, 20 Nov 2024₹1.3t₹623.8b₹31.4b25.4x41.6x2.1x
Fri, 18 Oct 2024₹1.3t₹610.1b₹51.6b30.8x25.1x2.1x
Sun, 15 Sep 2024₹1.3t₹634.2b₹58.8b32.2x22.9x2.1x
Tue, 13 Aug 2024₹1.3t₹630.6b₹53.6b32.3x24.7x2.1x
Thu, 11 Jul 2024₹1.3t₹627.1b₹53.8b31.5x24x2.1x
Sat, 08 Jun 2024₹1.2t₹627.3b₹52.9b27.4x23x1.9x
Mon, 06 May 2024₹1.2t₹616.7b₹49.2b27.2x23.9x1.9x
Wed, 03 Apr 2024₹1.2t₹595.1b₹51.9b26.5x22.8x2x
Fri, 01 Mar 2024₹1.2t₹592.8b₹51.6b28.6x23.8x2.1x
Sun, 28 Jan 2024₹1.3t₹585.4b₹49.2b31.8x25.9x2.2x
Tue, 26 Dec 2023₹1.3t₹584.1b₹49.7b24x26.2x2.2x
Thu, 23 Nov 2023₹1.2t₹507.1b₹35.5b25.5x32.7x2.3x
Sat, 21 Oct 2023₹1.2t₹494.8b₹33.8b35.6x34.9x2.4x
Mon, 18 Sep 2023₹1.1t₹492.6b₹34.0b34.3x33.3x2.3x
Wed, 16 Aug 2023₹1.1t₹495.6b₹34.6b26.1x31.1x2.2x
Fri, 14 Jul 2023₹917.5b₹450.7b₹34.8b22x26.4x2x
Sun, 11 Jun 2023₹873.5b₹450.0b₹34.5b25x25.3x1.9x
Tue, 09 May 2023₹841.6b₹469.1b₹18.5b21.2x45.5x1.8x
Thu, 06 Apr 2023₹850.4b₹469.9b₹20.9b19.6x40.6x1.8x
Sat, 04 Mar 2023₹868.8b₹469.4b₹20.6b19.6x42.1x1.9x
Price to Earnings Ratio

42.1x


Total Market Cap: ₹868.8bTotal Earnings: ₹20.6bTotal Revenue: ₹469.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Media Industry Price to Earnings3Y Average 32.9x202420252026
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 16.9x which is lower than its 3-year average PE of 32.9x.
  • The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 2.0x.
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 Market0.13%
Telecom-1.34%
Media-1.71%
Cable and Satellite0.79%
Broadcasting-0.67%
Publishing-1.33%
Advertising-3.42%
Industry PE
  • Investors are most optimistic about the Advertising industry even though it's trading below its 3-year average PE ratio of 44.9x.
    • Analysts are expecting annual earnings growth of 19.4%, which is higher than its past year's earnings growth of 12.8% 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 13% per year.
  • In contrast, the Publishing industry is expected to see its earnings grow by 11% 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
500189 NDL Ventures₹114.6917.0%
+₹562.0m		23.7%PE429.9x
543895 Exhicon Events Media Solutions₹549.354.6%
+₹359.6m		100.4%PE21.9x
544248 Mach Conferences and Events₹119.054.3%
+₹104.1m		-41.9%PE18.6x
RAJTV Raj Television Network₹40.371.7%
+₹34.8m		-49.2%PS3x
SABEVENTS SAB Events & Governance Now Media₹17.9710.2%
+₹17.5m		287.3%n/a

Latest News

532368
₹11.02
Brightcom Group
7D
-9.7%
1Y
n/a
AFFLE
₹1,398.50
Affle 3i
7D
-10.4%
1Y
-7.4%

AFFLE: Higher Margin Outlook Will Support A More Optimistic Future Price Scenario

Analysts have trimmed their fair value estimate for Affle 3i slightly from ₹2,295 to ₹2,280, reflecting updated assumptions that include a lower discount rate, modestly adjusted revenue growth, a small change in profit margin expectations, and a marginally lower future P/E multiple. What's in the News Board meeting scheduled on January 31, 2026 to consider and approve unaudited standalone financial results for the third quarter ended December 31, 2025 (Key Developments).
539515
₹40.99
Quint Digital
7D
0.8%
1Y
-44.1%
ZEEL
₹88.04
Zee Entertainment Enterprises
7D
-7.2%
1Y
-11.8%

ZEEL: Upcoming Unaudited Results Will Expose Risks To Stretched Share Price

Analysts have maintained their fair value estimate for Zee Entertainment Enterprises at ₹80.00 per share, citing relatively unchanged long term assumptions around revenue growth, profit margin and future P/E, along with a slightly adjusted discount rate. What's in the News Zee Entertainment Enterprises has scheduled a board meeting for January 22, 2026, to review and approve its unaudited financial results.
VERTOZ
₹46.53
Vertoz
7D
-9.7%
1Y
-49.0%

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
₹40.37
Raj Television Network
7D
1.7%
1Y
-49.2%
NAVNETEDUL
₹148.73
Navneet Education
7D
-4.6%
1Y
11.5%
MPSLTD
₹1,539.70
MPS
7D
-5.5%
1Y
-36.7%

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
NEXTMEDIA
₹5.99
Next Mediaworks
7D
4.2%
1Y
-9.2%
NETWORK18
₹34.69
Network18 Media & Investments
7D
-6.9%
1Y
-23.2%

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
DBCORP
₹219.71
D. B
7D
-7.4%
1Y
-1.1%

D. B. Corp Limited (NSE:DBCORP) Just Released Its Third-Quarter Earnings: Here's What Analysts Think

Jan 20
D. B. Corp Limited (NSE:DBCORP) Just Released Its Third-Quarter Earnings: Here's What Analysts Think
500189
₹114.69
NDL Ventures
7D
17.0%
1Y
23.7%
544248
₹119.05
Mach Conferences and Events
7D
4.3%
1Y
-41.9%
BAGDIGITAL
₹112.00
B.A.G. Convergence
7D
0.4%
1Y
n/a
543895
₹549.35
Exhicon Events Media Solutions
7D
4.6%
1Y
100.4%
SABEVENTS
₹17.97
SAB Events & Governance Now Media
7D
10.2%
1Y
287.3%