Indian (NIFTY) Broadcasting Industry Analysis

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Fri, 12 Jun 2026	₹387.1b	₹177.7b	₹15.5b	30.4x	24.9x	2.2x
Sun, 10 May 2026	₹409.9b	₹180.5b	₹19.9b	22.3x	20.6x	2.3x
Tue, 07 Apr 2026	₹376.1b	₹174.6b	₹23.1b	20.9x	16.3x	2.2x
Thu, 05 Mar 2026	₹391.1b	₹174.6b	₹23.1b	20.3x	16.9x	2.2x
Sat, 31 Jan 2026	₹388.8b	₹173.7b	₹22.6b	32.4x	17.2x	2.2x
Mon, 29 Dec 2025	₹411.6b	₹179.0b	₹8.4b	26.8x	49.1x	2.3x
Wed, 26 Nov 2025	₹409.5b	₹179.0b	₹8.4b	29.6x	48.8x	2.3x
Fri, 24 Oct 2025	₹448.0b	₹179.6b	₹6.3b	42.2x	70.7x	2.5x
Sun, 21 Sep 2025	₹462.4b	₹192.8b	₹6.2b	62.8x	74.5x	2.4x
Tue, 19 Aug 2025	₹472.7b	₹192.8b	₹6.2b	59.2x	76.2x	2.5x
Thu, 17 Jul 2025	₹511.6b	₹196.2b	₹6.6b	28.5x	77.7x	2.6x
Sat, 14 Jun 2025	₹506.6b	₹224.3b	₹3.9b	29.7x	131.6x	2.3x
Mon, 12 May 2025	₹458.2b	₹225.7b	₹4.7b	43.9x	98.3x	2x
Wed, 09 Apr 2025	₹472.0b	₹243.7b	₹1.9b	45.5x	254.8x	1.9x
Fri, 07 Mar 2025	₹433.3b	₹243.7b	₹1.9b	47.5x	233.9x	1.8x
Sun, 02 Feb 2025	₹483.0b	₹245.0b	₹3.8b	28.5x	126.7x	2x
Tue, 31 Dec 2024	₹632.0b	₹337.4b	₹16.1b	53.9x	39.3x	1.9x
Thu, 28 Nov 2024	₹597.4b	₹248.7b	₹17.5b	53.6x	34.1x	2.4x
Sat, 26 Oct 2024	₹616.9b	₹339.1b	₹16.9b	34.8x	36.4x	1.8x
Mon, 23 Sep 2024	₹670.3b	₹343.3b	₹17.9b	41.6x	37.4x	2x
Wed, 21 Aug 2024	₹695.5b	₹343.3b	₹18.1b	38.6x	38.3x	2x
Fri, 19 Jul 2024	₹677.3b	₹340.6b	₹17.2b	49.9x	39.3x	2x
Sun, 16 Jun 2024	₹691.5b	₹342.5b	₹17.9b	50.1x	38.5x	2x
Tue, 14 May 2024	₹608.1b	₹340.8b	₹17.1b	34.9x	35.7x	1.8x
Thu, 11 Apr 2024	₹634.1b	₹320.5b	₹20.0b	52.6x	31.7x	2x
Sat, 09 Mar 2024	₹659.9b	₹320.6b	₹20.0b	29.4x	33x	2.1x
Mon, 05 Feb 2024	₹721.1b	₹320.4b	₹17.4b	118x	41.3x	2.3x
Wed, 03 Jan 2024	₹809.3b	₹322.1b	₹18.7b	98x	43.2x	2.5x
Fri, 01 Dec 2023	₹736.6b	₹322.1b	₹18.7b	80.1x	39.3x	2.3x
Sun, 29 Oct 2023	₹693.2b	₹315.8b	₹18.5b	109.9x	37.6x	2.2x
Tue, 26 Sep 2023	₹695.0b	₹309.5b	₹19.1b	89.9x	36.4x	2.2x
Thu, 24 Aug 2023	₹698.4b	₹309.5b	₹19.1b	91.5x	36.6x	2.3x
Sat, 22 Jul 2023	₹601.6b	₹306.9b	₹20.3b	69.7x	29.6x	2x
Mon, 19 Jun 2023	₹541.7b	₹268.8b	₹20.6b	65.7x	26.4x	2x

Current Industry PE

Investors are pessimistic on the Indian Broadcasting 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 24.6x which is lower than its 3-year average PE of 63.0x.

The industry is trading close to its 3-year average PS ratio of 2.2x.

Past Earnings Growth

The earnings for companies in the Broadcasting industry have declined 8.9% per year over the last three years,
Revenues have also declined 13% per year.
This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does Indian Broadcasting compare with similar industries?


IN Market	-2.13%
Telecom	-2.33%
Media	-1.14%
Broadcasting	0.30%
Advertising	-1.35%
Cable and Satellite	-1.95%
Publishing	-4.20%

Industry PEThere are no additional sub-industries under this industry.

Forecasted GrowthThere are no additional sub-industries under this industry.

Company	Last Price	7D	1Y	Valuation
ZEEL Zee Entertainment Enterprises	₹111.45	6.7% +₹6.8b	-17.2%	PE39.2x
539515 Quint Digital	₹43.54	9.4% +₹176.6m	-19.5%	PE5x
ZEEMEDIA Zee Media	₹8.52	1.8% +₹93.8m	-39.1%	PE280.5x

Company

Last Price

Valuation

ZEEL Zee Entertainment Enterprises

₹111.45

6.7%
+₹6.8b

-17.2%

PE39.2x

539515 Quint Digital

₹43.54

9.4%
+₹176.6m

-19.5%

PE5x

ZEEMEDIA Zee Media

₹8.52

1.8%
+₹93.8m

-39.1%

PE280.5x

New major risk - Earnings quality

The company has a high level of non-cash earnings. Accrual ratio: 27% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Market cap is less than US$100m (₹1.89b market cap, or US$19.7m).

Indian (NIFTY) Broadcasting Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

New minor risk - Share price stability

Investor sentiment deteriorates as stock falls 23%

NDTV Digital Announces Appointment of Vinay Sarawagi as Chief Content Officer

Full year 2026 earnings released: EPS: ₹0.03 (vs ₹1.91 loss in FY 2025)

Now 22% undervalued after recent price drop

New minor risk - Profit margin trend

New major risk - Earnings quality

B.A.G. Convergence (NSE:BAGDIGITAL) Strong Profits May Be Masking Some Underlying Issues

Full year 2026 earnings released: EPS: ₹3.39 (vs ₹13.81 in FY 2025)

Full year 2026 earnings released: ₹1.55 loss per share (vs ₹2.42 profit in FY 2025)

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