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Indian (NIFTY) Media Industry Analysis

UpdatedJan 16, 2026
DataAggregated Company Financials
Companies60
  • 7D-2.6%
  • 3M-8.6%
  • 1Y-18.2%
  • YTD-3.6%

Over the last 7 days, the Media industry has dropped 2.6%, driven by Affle 3i declining 3.4%. However, the industry is down 18% over the past year. Earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 17 Jan 2026₹989.7b₹470.5b₹45.3b18.9x21.9x2.1x
Mon, 15 Dec 2025₹1.0t₹477.7b₹30.9b17.6x32.5x2.1x
Wed, 12 Nov 2025₹1.0t₹455.5b₹37.7b21.1x27.5x2.3x
Fri, 10 Oct 2025₹1.1t₹474.3b₹41.7b23.1x26.6x2.3x
Sun, 07 Sep 2025₹1.1t₹473.1b₹41.5b24x25.7x2.3x
Tue, 05 Aug 2025₹1.1t₹473.3b₹39.6b24.6x27.4x2.3x
Thu, 03 Jul 2025₹1.1t₹458.7b₹24.5b22.3x45.1x2.4x
Sat, 31 May 2025₹1.1t₹468.9b₹25.7b21.1x42x2.3x
Mon, 28 Apr 2025₹998.7b₹452.6b₹29.0b23x34.5x2.2x
Wed, 26 Mar 2025₹1.0t₹517.9b₹34.8b21.8x29.5x2x
Fri, 21 Feb 2025₹993.9b₹517.9b₹34.8b22x28.6x1.9x
Sun, 19 Jan 2025₹1.1t₹513.4b₹14.0b28.5x81.1x2.2x
Tue, 17 Dec 2024₹1.4t₹611.0b₹27.9b28.9x49x2.2x
Thu, 14 Nov 2024₹1.2t₹605.8b₹52.2b26.6x23.9x2.1x
Sat, 12 Oct 2024₹1.3t₹610.2b₹53.0b29.9x25x2.2x
Mon, 09 Sep 2024₹1.3t₹631.8b₹58.5b32.4x22.8x2.1x
Wed, 07 Aug 2024₹1.3t₹629.8b₹53.8b28.6x24.3x2.1x
Fri, 05 Jul 2024₹1.3t₹625.5b₹53.6b30x23.7x2x
Sun, 02 Jun 2024₹1.2t₹635.4b₹52.4b24.8x22.3x1.8x
Tue, 30 Apr 2024₹1.2t₹615.9b₹50.6b25.5x23.7x1.9x
Thu, 28 Mar 2024₹1.1t₹595.1b₹51.9b24.1x21.7x1.9x
Sat, 24 Feb 2024₹1.3t₹592.8b₹51.6b31.6x25x2.2x
Mon, 22 Jan 2024₹1.4t₹584.8b₹48.4b28.3x28.2x2.3x
Wed, 20 Dec 2023₹1.3t₹584.1b₹49.7b24.1x26.3x2.2x
Fri, 17 Nov 2023₹1.2t₹507.2b₹35.4b24.6x32.8x2.3x
Sun, 15 Oct 2023₹1.2t₹493.7b₹34.1b34.8x34.5x2.4x
Tue, 12 Sep 2023₹1.2t₹492.6b₹34.0b31.5x34x2.3x
Thu, 10 Aug 2023₹1.0t₹493.5b₹35.4b24.1x29.5x2.1x
Sat, 08 Jul 2023₹916.7b₹450.7b₹34.8b22.8x26.4x2x
Mon, 05 Jun 2023₹875.7b₹450.4b₹34.5b25.4x25.4x1.9x
Wed, 03 May 2023₹846.4b₹469.1b₹18.7b19.5x45.4x1.8x
Fri, 31 Mar 2023₹829.4b₹469.9b₹20.9b19x39.6x1.8x
Sun, 26 Feb 2023₹853.4b₹469.4b₹20.6b18.7x41.4x1.8x
Tue, 24 Jan 2023₹948.3b₹480.3b₹25.5b23.7x37.3x2x
Price to Earnings Ratio

37.3x


Total Market Cap: ₹948.3bTotal Earnings: ₹25.5bTotal Revenue: ₹480.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Media Industry Price to Earnings3Y Average 36.1x202420252026
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 21.9x which is lower than its 3-year average PE of 36.1x.
  • The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Media industry have grown 21% 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-0.86%
Telecom-2.03%
Media-2.59%
Broadcasting-2.24%
Advertising-2.44%
Publishing-3.13%
Cable and Satellite-4.50%
Industry PE
  • Investors are most optimistic about the Advertising industry even though it's trading below its 3-year average PE ratio of 46.2x.
    • Analysts are expecting annual earnings growth of 19.6%, which is higher than its past year's earnings growth of 4.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Cable and Satellite industry, expecting annual earnings growth of 119% over the next 5 years.
  • This is better than its past earnings decline of 11% per year.
  • In contrast, the Publishing industry is expected to see its earnings grow by 12% 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
VERTOZ Vertoz₹69.311.2%
+₹681.8m		-46.7%PE219.8x
544435 Adcounty Media India₹144.6515.5%
+₹437.6m		n/aPE20.7x
NDTV New Delhi Television₹90.752.5%
+₹251.6m		-43.1%PS2.1x
543831 Bright Outdoor Media₹437.902.7%
+₹251.0m		39.7%PE47.8x
533217 Hindustan Media Ventures₹69.254.5%
+₹220.3m		-22.2%PE6.1x

Latest News

DBCORP
₹239.25
D. B
7D
-2.8%
1Y
-12.2%
NETWORK18
₹40.17
Network18 Media & Investments
7D
-4.0%
1Y
-28.8%
ZEEL
₹89.50
Zee Entertainment Enterprises
7D
-1.7%
1Y
-26.3%
DNAMEDIA
₹4.60
Diligent Media
7D
28.9%
1Y
-21.6%
GTPL
₹81.70
GTPL Hathway
7D
-15.8%
1Y
-31.4%

GTPL Hathway's (NSE:GTPL) Returns On Capital Not Reflecting Well On The Business

Jan 14
GTPL Hathway's (NSE:GTPL) Returns On Capital Not Reflecting Well On The Business
NAVNETEDUL
₹143.73
Navneet Education
7D
-3.3%
1Y
3.7%

NAVNETEDUL: Steady Fair Value Will Depend On Sustained Content Execution

Analysts have kept Navneet Education's fair value estimate steady at ₹119.0 per share, citing broadly supportive sector research. This research highlights growing interest in education and content platforms, along with expectations for scale benefits and resilient margins, which are reflected in a slightly higher future P/E assumption of 21.99x versus 21.80x previously.
NDTV
₹90.75
New Delhi Television
7D
2.5%
1Y
-43.1%
544435
₹144.65
Adcounty Media India
7D
15.5%
1Y
n/a
AFFLE
₹1,723.50
Affle 3i
7D
-3.4%
1Y
9.2%

AFFLE: Higher P/E Expectations Will Outpace Softening Profit Margins

Analysts have raised their fair value estimate for Affle 3i from ₹1,365.20 to ₹1,623.89, citing updated assumptions related to the discount rate, revenue growth, profit margins and future P/E expectations. What's in the News Affle 3i has scheduled a board meeting on November 1, 2025, to consider and approve its unaudited standalone and consolidated financial results.
SUNTV
₹548.05
Sun TV Network
7D
-1.6%
1Y
-15.6%

Capital Allocation Trends At Sun TV Network (NSE:SUNTV) Aren't Ideal

Jan 01
Capital Allocation Trends At Sun TV Network (NSE:SUNTV) Aren't Ideal
543831
₹437.90
Bright Outdoor Media
7D
2.7%
1Y
39.7%
532368
₹9.63
Brightcom Group
7D
-3.8%
1Y
n/a
MPSLTD
₹1,887.70
MPS
7D
0.5%
1Y
-4.7%

Investors Shouldn't Be Too Comfortable With MPS' (NSE:MPSLTD) Earnings

Nov 20
Investors Shouldn't Be Too Comfortable With MPS' (NSE:MPSLTD) Earnings
531035
₹44.73
Eraaya Lifespaces
7D
2.0%
1Y
-64.2%
VERTOZ
₹69.31
Vertoz
7D
1.2%
1Y
-46.7%
533217
₹69.25
Hindustan Media Ventures
7D
4.5%
1Y
-22.2%