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Indian (NIFTY) Media Industry Analysis

UpdatedDec 22, 2025
DataAggregated Company Financials
Companies59
  • 7D-0.5%
  • 3M-14.5%
  • 1Y-23.3%
  • YTD-24.4%

In the last week, the Media industry is flat overall, with Sun TV Network standing out by going down 3.5%. Unfortunately though, the industry is down 23% over the past 12 months. Earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 22 Dec 2025₹1.0t₹477.7b₹30.9b17.1x32.4x2.1x
Wed, 19 Nov 2025₹1.0t₹464.0b₹37.6b19.8x27.3x2.2x
Fri, 17 Oct 2025₹1.1t₹458.2b₹42.8b23.5x25.7x2.4x
Sun, 14 Sep 2025₹1.1t₹473.0b₹41.5b23.7x26.3x2.3x
Tue, 12 Aug 2025₹1.1t₹470.2b₹40.5b24.6x26.5x2.3x
Thu, 10 Jul 2025₹1.1t₹459.4b₹24.7b22.8x44.7x2.4x
Sat, 07 Jun 2025₹1.1t₹459.0b₹24.6b22.7x43.7x2.3x
Mon, 05 May 2025₹981.1b₹452.9b₹28.9b21.2x33.9x2.2x
Wed, 02 Apr 2025₹993.2b₹469.3b₹28.5b21.6x34.9x2.1x
Fri, 28 Feb 2025₹964.3b₹517.9b₹34.8b22.2x27.7x1.9x
Sun, 26 Jan 2025₹1.1t₹513.9b₹14.1b28.3x78.9x2.2x
Tue, 24 Dec 2024₹1.3t₹605.9b₹26.2b27.9x50.3x2.2x
Thu, 21 Nov 2024₹1.3t₹623.0b₹31.4b25.4x41.6x2.1x
Sat, 19 Oct 2024₹1.3t₹610.1b₹51.6b30.4x25.2x2.1x
Mon, 16 Sep 2024₹1.3t₹634.2b₹58.8b32.2x22.9x2.1x
Wed, 14 Aug 2024₹1.3t₹631.6b₹58.5b31.2x22.3x2.1x
Fri, 12 Jul 2024₹1.3t₹627.1b₹53.8b31x24.4x2.1x
Sun, 09 Jun 2024₹1.2t₹627.3b₹52.9b27.4x23x1.9x
Tue, 07 May 2024₹1.2t₹616.7b₹49.2b27.2x23.4x1.9x
Thu, 04 Apr 2024₹1.2t₹594.8b₹51.9b26.7x23.1x2x
Sat, 02 Mar 2024₹1.2t₹592.8b₹51.6b29.4x23.6x2.1x
Mon, 29 Jan 2024₹1.3t₹585.4b₹49.2b31.8x25.9x2.2x
Wed, 27 Dec 2023₹1.3t₹584.1b₹49.7b24.3x26.2x2.2x
Fri, 24 Nov 2023₹1.2t₹507.1b₹35.5b24.6x33x2.3x
Sun, 22 Oct 2023₹1.2t₹494.8b₹33.8b35.6x34.9x2.4x
Tue, 19 Sep 2023₹1.1t₹492.6b₹34.0b34.4x33.2x2.3x
Thu, 17 Aug 2023₹1.1t₹495.7b₹34.8b27.5x31.3x2.2x
Sat, 15 Jul 2023₹948.7b₹450.7b₹34.8b23.1x27.3x2.1x
Mon, 12 Jun 2023₹873.5b₹450.0b₹34.5b25x25.3x1.9x
Wed, 10 May 2023₹836.7b₹469.1b₹18.5b21.2x45.3x1.8x
Fri, 07 Apr 2023₹850.6b₹469.9b₹20.9b19.1x40.7x1.8x
Sun, 05 Mar 2023₹868.8b₹469.4b₹20.6b19.6x42.1x1.9x
Tue, 31 Jan 2023₹911.9b₹480.4b₹25.5b21.5x35.8x1.9x
Thu, 29 Dec 2022₹982.9b₹476.0b₹28.3b23.7x34.7x2.1x
Price to Earnings Ratio

34.7x


Total Market Cap: ₹982.9bTotal Earnings: ₹28.3bTotal Revenue: ₹476.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Media Industry Price to Earnings3Y Average 36.2x202320242025
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 32.4x which is lower than its 3-year average PE of 36.2x.
  • 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 3.0% 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-0.11%
Telecom0.67%
Media-0.53%
Publishing2.52%
Advertising0.98%
Cable and Satellite-0.31%
Broadcasting-3.10%
Industry PE
  • Investors are most optimistic about the Broadcasting industry even though it's trading below its 3-year average PE ratio of 62.8x.
    • Analysts are expecting annual earnings growth of 14.2%, which is higher than its past year's earnings decline of 18.2% 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 17% per year.
  • In contrast, the Publishing industry is expected to see its earnings grow by 8.9% 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
AFFLE Affle 3i₹1.72k2.0%
+₹4.7b		-0.4%PE57.6x
DBCORP D. B₹258.806.9%
+₹3.0b		-16.1%PE13.4x
NDTV New Delhi Television₹88.877.8%
+₹727.7m		-45.1%PS2x
NAVNETEDUL Navneet Education₹143.631.9%
+₹577.4m		4.5%PE15.6x
533217 Hindustan Media Ventures₹72.2010.1%
+₹489.2m		-20.5%PE6.4x

Latest News

531637
₹310.25
Praveg
7D
-6.0%
1Y
-57.7%
ZEEL
₹90.53
Zee Entertainment Enterprises
7D
-3.9%
1Y
-27.7%

ZEEL: Board Leadership Shift Will Support Stronger Long Term Earnings Outlook

Analysts have nudged their fair value estimate for Zee Entertainment Enterprises slightly higher to approximately ₹138 per share from about ₹136, citing marginally improved assumptions on long term revenue growth, sustainable profit margins, and a modestly richer forward earnings multiple. What's in the News Zee Entertainment has scheduled a special shareholders meeting via postal ballot in India on November 28, 2025, to seek approval for appointing R.
SUNTV
₹543.00
Sun TV Network
7D
-3.5%
1Y
-22.1%

Is Sun TV Network (NSE:SUNTV) A Risky Investment?

Dec 13
Is Sun TV Network (NSE:SUNTV) A Risky Investment?
NAVNETEDUL
₹143.63
Navneet Education
7D
1.9%
1Y
4.5%

NAVNETEDUL: Rising Execution Risks Will Limit Benefits From Digital Platform Expansion

Analysts have raised their price target for Navneet Education by ₹X to ₹Y, citing increased conviction that the company can sustain robust growth and margin expansion as it scales its platform and deepens penetration in a large, underpenetrated market. Analyst Commentary Street research commentary on Navneet Education continues to skew positive, with recent coverage across the sector highlighting parallels to fast growing, tech enabled education and business platforms that are scaling efficiently into large addressable markets.
AFFLE
₹1,719.00
Affle 3i
7D
2.0%
1Y
-0.4%

AFFLE: Upcoming Q2 Results Will Confirm Bullish Long Term Outlook

Analysts have modestly revised their price target for Affle 3i to ₹2,036.67, reflecting unchanged long term assumptions on discount rate, revenue growth, profit margins, and future P E multiples that continue to support a stable valuation outlook. What's in the News Board meeting scheduled for November 1, 2025 to review and approve unaudited standalone and consolidated financial results for Q2 and the half year ended September 30, 2025 (Company filing) Investors watching the upcoming Q2 and H1 FY2026 results for confirmation of revenue growth and margin trends underlying the revised price target (Company filing) Half year performance review expected to provide clearer visibility on execution against the company’s medium term growth strategy (Company filing) Valuation Changes Consensus Analyst Price Target is stable at ₹2,036.67, indicating no change in fair value expectations.
NETWORK18
₹41.86
Network18 Media & Investments
7D
-2.4%
1Y
-43.7%

Network18 Media & Investments (NSE:NETWORK18) Is Making Moderate Use Of Debt

Dec 09
Network18 Media & Investments (NSE:NETWORK18) Is Making Moderate Use Of Debt
NDTV
₹88.87
New Delhi Television
7D
7.8%
1Y
-45.1%
543831
₹396.00
Bright Outdoor Media
7D
5.6%
1Y
27.9%
DEN
₹31.25
DEN Networks
7D
2.1%
1Y
-26.6%
532368
₹10.90
Brightcom Group
7D
-2.3%
1Y
16.3%
DBCORP
₹258.80
D. B
7D
6.9%
1Y
-16.1%
531035
₹26.21
Eraaya Lifespaces
7D
-17.9%
1Y
-82.4%
VERTOZ
₹74.76
Vertoz
7D
-0.5%
1Y
-49.2%
ZEEMEDIA
₹9.38
Zee Media
7D
4.6%
1Y
-49.4%
533217
₹72.20
Hindustan Media Ventures
7D
10.1%
1Y
-20.5%
HATHWAY
₹12.43
Hathway Cable and Datacom
7D
-1.7%
1Y
-25.2%