Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to ₹12.02, the stock trades at a trailing P/E ratio of 78.5x. Average trailing P/E is 17x in the Media industry in India. Total loss to shareholders of 76% over the past three years. New Risk • May 29
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹887.7m (US$9.35m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Market cap is less than US$10m (₹887.7m market cap, or US$9.35m). Reported Earnings • May 14
Full year 2026 earnings released: EPS: ₹0.15 (vs ₹4.05 loss in FY 2025) Full year 2026 results: EPS: ₹0.15 (up from ₹4.05 loss in FY 2025). Revenue: ₹706.4m (down 44% from FY 2025). Net income: ₹7.91m (up ₹218.0m from FY 2025). Profit margin: 1.1% (up from net loss in FY 2025). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Announcement • May 05
Raj Television Network Limited to Report Q4, 2026 Results on May 12, 2026 Raj Television Network Limited announced that they will report Q4, 2026 results on May 12, 2026 Buy Or Sell Opportunity • May 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 41% to ₹23.72. The fair value is estimated to be ₹29.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Meanwhile, the company became loss making. New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 9.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 46% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Market cap is less than US$100m (₹1.19b market cap, or US$12.8m). Buy Or Sell Opportunity • Apr 07
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 45% to ₹23.46. The fair value is estimated to be ₹31.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Feb 13
Third quarter 2026 earnings released: EPS: ₹0.01 (vs ₹0.05 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.01 (down from ₹0.05 in 3Q 2025). Revenue: ₹163.9m (down 62% from 3Q 2025). Net income: ₹547.3k (down 80% from 3Q 2025). Profit margin: 0.3% (down from 0.6% in 3Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Announcement • Feb 05
Raj Television Network Limited to Report Q3, 2026 Results on Feb 11, 2026 Raj Television Network Limited announced that they will report Q3, 2026 results on Feb 11, 2026 Reported Earnings • Nov 12
Second quarter 2026 earnings released: EPS: ₹0.03 (vs ₹0.014 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.03 (up from ₹0.014 in 2Q 2025). Revenue: ₹157.6m (down 56% from 2Q 2025). Net income: ₹1.66m (up 124% from 2Q 2025). Profit margin: 1.1% (up from 0.2% in 2Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Announcement • Nov 05
Raj Television Network Limited to Report Q2, 2026 Results on Nov 11, 2025 Raj Television Network Limited announced that they will report Q2, 2026 results on Nov 11, 2025 Announcement • Sep 05
Raj Television Network Limited, Annual General Meeting, Sep 30, 2025 Raj Television Network Limited, Annual General Meeting, Sep 30, 2025, at 11:00 Indian Standard Time. Reported Earnings • Aug 14
First quarter 2026 earnings released: EPS: ₹0.07 (vs ₹3.25 loss in 1Q 2025) First quarter 2026 results: EPS: ₹0.07 (up from ₹3.25 loss in 1Q 2025). Revenue: ₹166.8m (down 34% from 1Q 2025). Net income: ₹3.50m (up ₹172.3m from 1Q 2025). Profit margin: 2.1% (up from net loss in 1Q 2025). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Announcement • Aug 06
Raj Television Network Limited to Report Q1, 2026 Results on Aug 13, 2025 Raj Television Network Limited announced that they will report Q1, 2026 results on Aug 13, 2025 New Risk • Jun 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 38% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (₹2.36b market cap, or US$27.4m). Reported Earnings • May 21
Full year 2025 earnings released: ₹4.05 loss per share (vs ₹0.15 profit in FY 2024) Full year 2025 results: ₹4.05 loss per share (down from ₹0.15 profit in FY 2024). Revenue: ₹1.26b (up 18% from FY 2024). Net loss: ₹210.1m (down ₹218.2m from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 127 percentage points per year, which is a significant difference in performance. Announcement • May 16
Raj Television Network Limited to Report Q4, 2025 Results on May 20, 2025 Raj Television Network Limited announced that they will report Q4, 2025 results on May 20, 2025 Announcement • Apr 18
Raj Television Network Limited Appoints Priyanka as the Company Secretary and Compliance Officer Raj Television Network Limited at its board meeting held on April 18, 2025, approved appointment of Ms. Priyanka as the Company Secretary and Compliance Officer, with effect from 18th April, 2025. Ms. Priyanka is a Commerce graduate and an Associate Member of the Institute of Company Secretaries of India (Membership No. ACS 71169), She is a seasoned corporate professional about five years of experience in secretarial compliance, legal compliance, and corporate governance. She previously served as Assistant Company Secretary at M/s. Sun TV Network Limited, and has also held key compliance roles with M/s. Refex Group and M/s. Windsor Machines Limited. Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: ₹0.05 (vs ₹0.10 loss in 3Q 2024) Third quarter 2025 results: EPS: ₹0.05 (up from ₹0.10 loss in 3Q 2024). Revenue: ₹429.1m (up 8.5% from 3Q 2024). Net income: ₹2.68m (up ₹7.24m from 3Q 2024). Profit margin: 0.6% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 134 percentage points per year, which is a significant difference in performance. Announcement • Feb 14
Raj Television Network Limited Announces Resignation of Namratha K as Company Secretary and Compliance Officer, Effective February 27, 2025 Raj Television Network Limited announced that Ms. Namratha K, Company Secretary and Compliance Officer (KMP), of the company has tendered her resignation due to her personal reasons and the Board has considered, accepted and decided to relive her from the post of Company Secretary and Compliance Officer, Nodal officer for IEPF, Nodal officer for TRAI, Nodal officer for MIB and all other positions held in the company, effective February 27, 2025. Announcement • Feb 07
Raj Television Network Limited to Report Q3, 2025 Results on Feb 13, 2025 Raj Television Network Limited announced that they will report Q3, 2025 results on Feb 13, 2025 Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: ₹0.01 (vs ₹0.004 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.01 (up from ₹0.004 in 2Q 2024). Revenue: ₹359.3m (up 53% from 2Q 2024). Net income: ₹742.1k (up 241% from 2Q 2024). Profit margin: 0.2% (up from 0.1% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 114 percentage points per year, which is a significant difference in performance. Announcement • Oct 31
Raj Television Network Limited to Report Q2, 2025 Results on Nov 09, 2024 Raj Television Network Limited announced that they will report Q2, 2025 results at 12:08 PM, Indian Standard Time on Nov 09, 2024 New Risk • Oct 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 26% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Market cap is less than US$100m (₹2.52b market cap, or US$30.1m). Board Change • Oct 01
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Non-executive Independent Director Nidavanur Subbarama Prema was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 06
Raj Television Network Limited, Annual General Meeting, Sep 30, 2024 Raj Television Network Limited, Annual General Meeting, Sep 30, 2024, at 11:00 Indian Standard Time. Location: vidoe conferencing, India Reported Earnings • Aug 14
First quarter 2025 earnings released: ₹3.25 loss per share (vs ₹0.05 profit in 1Q 2024) First quarter 2025 results: ₹3.25 loss per share (down from ₹0.05 profit in 1Q 2024). Revenue: ₹254.9m (down 6.5% from 1Q 2024). Net loss: ₹168.8m (down ₹171.3m from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 115 percentage points per year, which is a significant difference in performance. New Risk • Jul 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Profit margins are more than 30% lower than last year (0.8% net profit margin). Significant insider selling over the past 3 months (₹12m sold). Market cap is less than US$100m (₹4.01b market cap, or US$47.9m). Announcement • Jun 29
Raj Television Network Limited to Report Q1, 2025 Results on Aug 09, 2024 Raj Television Network Limited announced that they will report Q1, 2025 results on Aug 09, 2024 Recent Insider Transactions • Jun 25
Board Member recently sold ₹4.0m worth of stock On the 18th of June, Kanappa Pillai Raghunathan sold around 34k shares on-market at roughly ₹119 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹4.2m. Insiders have been net sellers, collectively disposing of ₹19m more than they bought in the last 12 months. Recent Insider Transactions • Jun 15
Board Member recently sold ₹4.2m worth of stock On the 10th of June, Maniselvi Rajarathinam sold around 33k shares on-market at roughly ₹126 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹15m more than they bought in the last 12 months. Recent Insider Transactions • Jun 10
Chairman recently sold ₹4.1m worth of stock On the 3rd of June, Mani Raajhendhran sold around 33k shares on-market at roughly ₹124 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Mani's only on-market trade for the last 12 months. New Risk • Jun 06
New major risk - Revenue and earnings growth Earnings have declined by 11% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (0.8% net profit margin). Market cap is less than US$100m (₹6.19b market cap, or US$74.1m). Announcement • May 08
Raj Television Network Limited to Report Q4, 2024 Results on May 23, 2024 Raj Television Network Limited announced that they will report Q4, 2024 results on May 23, 2024 Buy Or Sell Opportunity • Apr 26
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to ₹79.35. The fair value is estimated to be ₹63.05, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable. Recent Insider Transactions • Mar 05
Board Member recently sold ₹874k worth of stock On the 26th of February, Kanappa Pillai Raghunathan sold around 14k shares on-market at roughly ₹63.00 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹2.2m. Insiders have been net sellers, collectively disposing of ₹6.4m more than they bought in the last 12 months. Reported Earnings • Feb 18
Third quarter 2024 earnings released: ₹0.10 loss per share (vs ₹0.035 loss in 3Q 2023) Third quarter 2024 results: ₹0.10 loss per share (further deteriorated from ₹0.035 loss in 3Q 2023). Revenue: ₹395.4m (up 137% from 3Q 2023). Net loss: ₹4.56m (loss widened 90% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Feb 10
Raj Television Network Limited to Report Q3, 2024 Results on Feb 14, 2024 Raj Television Network Limited announced that they will report Q3, 2024 results on Feb 14, 2024 Recent Insider Transactions • Dec 10
Board Member recently sold ₹2.2m worth of stock On the 6th of December, Kanappa Pillai Raghunathan sold around 40k shares on-market at roughly ₹54.00 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Nov 07
Second quarter 2024 earnings released Second quarter 2024 results: EPS: ₹0.05. Revenue: ₹234.7m (up 61% from 2Q 2023). Net income: ₹217.7k (up ₹2.38m from 2Q 2023). Profit margin: 0.1% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Board Change • Oct 10
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Additional Independent Director Subramaniam Balaji was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 05
Raj Television Network Limited Announces Change of Designation of Subramaniam Muthiah Balaji from Additional Non-Executive Independent Director to Non-Executive Independent Director Raj Television Network Limited at its AGM held on September 30, 2023, have approved the appointment of Dr. Subramaniam Muthiah Balaji as a Non-executive Independent Director for a term of five consecutive years from the original date of appointment i.e., 30 August, 2023 to 29 August, 2028 by passing a resolution in this regard. The company announced that the designation of Dr. Subramaniam Muthiah Balaji has been changed from Additional (Non-executive Independent) Director to Non-Executive Independent Director of the Company pursuant to the shareholder's approval and applicable laws. Dr. Subramaniam Muthiah Balaji is an acclaimed Oral and Maxillo facial Surgeon. He has over 28 years of experience performing more than 20,000 surgeries. Dr. Subramaniam Muthiah Balaji is world renowned for his cleft lip and palate surgeries. He has received the "B C Roy National award." This is the highest award of the Medical Council of India. Dr. Balaji has won the highest scientific "Prof David Precious Award. He possesses specialisation in leadership & Managerial skills, Planning and Formation, Business Planning & Decision Making. Buying Opportunity • Sep 29
Now 20% undervalued Over the last 90 days, the stock is up 5.1%. The fair value is estimated to be ₹62.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Aug 16
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.3% Last year net profit margin: 6.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Profit margins are more than 30% lower than last year (1.3% net profit margin). Market cap is less than US$100m (₹2.37b market cap, or US$28.5m). Reported Earnings • Aug 16
First quarter 2024 earnings released: EPS: ₹0.05 (vs ₹0.02 in 1Q 2023) First quarter 2024 results: EPS: ₹0.05 (up from ₹0.02 in 1Q 2023). Revenue: ₹273.0m (up 84% from 1Q 2023). Net income: ₹2.52m (up 132% from 1Q 2023). Profit margin: 0.9% (up from 0.7% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Aug 15
Raj Television Network Limited, Annual General Meeting, Sep 30, 2023 Raj Television Network Limited, Annual General Meeting, Sep 30, 2023. Announcement • Aug 09
Raj Television Network Limited to Report Q1, 2024 Results on Aug 14, 2023 Raj Television Network Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Reported Earnings • May 27
Full year 2023 earnings released: EPS: ₹0.21 (vs ₹0.21 in FY 2022) Full year 2023 results: EPS: ₹0.21 (up from ₹0.21 in FY 2022). Revenue: ₹854.5m (up 23% from FY 2022). Net income: ₹11.3m (up 3.6% from FY 2022). Profit margin: 1.3% (down from 1.6% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹46.77, the stock trades at a trailing P/E ratio of 22.7x. Average trailing P/E is 19x in the Media industry in India. Total returns to shareholders of 44% over the past three years. Reported Earnings • Feb 15
Third quarter 2023 earnings released: ₹0.02 loss per share (vs ₹0.81 loss in 3Q 2022) Third quarter 2023 results: ₹0.02 loss per share (improved from ₹0.81 loss in 3Q 2022). Revenue: ₹170.7m (down 4.3% from 3Q 2022). Net loss: ₹2.40m (loss narrowed 94% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Feb 02
Raj Television Network Limited to Report Q3, 2022 Results on Feb 14, 2023 Raj Television Network Limited announced that they will report Q3, 2022 results on Feb 14, 2023 Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 22% share price gain to ₹54.65, the stock trades at a trailing P/E ratio of 43.1x. Average trailing P/E is 24x in the Media industry in India. Total returns to shareholders of 25% over the past three years. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment improved over the past week After last week's 29% share price gain to ₹60.40, the stock trades at a trailing P/E ratio of 47.5x. Average trailing P/E is 21x in the Media industry in India. Total returns to shareholders of 46% over the past three years. Reported Earnings • Nov 19
Second quarter 2023 earnings released: ₹0.01 loss per share (vs ₹0.47 loss in 2Q 2022) Second quarter 2023 results: ₹0.01 loss per share (improved from ₹0.47 loss in 2Q 2022). Revenue: ₹146.1m (down 14% from 2Q 2022). Net loss: ₹2.16m (loss narrowed 91% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 3% per year. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. Independent Director Bharathi Sridhar was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. Independent Director Bharathi Sridhar was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improved over the past week After last week's 16% share price gain to ₹47.25, the stock trades at a trailing P/E ratio of 56.5x. Average trailing P/E is 23x in the Media industry in India. Total returns to shareholders of 9.5% over the past three years. Board Change • Oct 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 7 highly experienced directors. Non-Executive Independent Director Sambamurthy Venkateswaran was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Aug 14
First quarter 2023 earnings released First quarter 2023 results: Revenue: ₹148.8m (down 2.5% from 1Q 2022). Net income: ₹1.08m (up ₹32.6m from 1Q 2022). Profit margin: 0.7% (up from net loss in 1Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Announcement • Aug 13
Raj Television Network Limited, Annual General Meeting, Sep 30, 2022 Raj Television Network Limited, Annual General Meeting, Sep 30, 2022. Announcement • Aug 06
Raj Television Network Limited to Report Q1, 2023 Results on Aug 12, 2022 Raj Television Network Limited announced that they will report Q1, 2023 results on Aug 12, 2022 Reported Earnings • Jun 03
Full year 2022 earnings released: EPS: ₹0.21 (vs ₹0.025 in FY 2021) Full year 2022 results: EPS: ₹0.21 (up from ₹0.025 in FY 2021). Revenue: ₹696.4m (down 11% from FY 2021). Net income: ₹10.9m (up ₹9.54m from FY 2021). Profit margin: 1.6% (up from 0.2% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Announcement • May 22
Raj Television Network Limited to Report Q4, 2022 Final Results on May 30, 2022 Raj Television Network Limited announced that they will report Q4, 2022 final results on May 30, 2022 Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 7 highly experienced directors. Non-Executive Independent Director Sambamurthy Venkateswaran was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 16
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹0.81 loss per share (down from ₹0.35 loss in 3Q 2021). Revenue: ₹178.4m (down 6.6% from 3Q 2021). Net loss: ₹42.2m (loss widened 131% from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹36.25, the stock trades at a trailing P/E ratio of 77.8x. Average trailing P/E is 15x in the Media industry in India. Total loss to shareholders of 17% over the past three years. Board Change • Nov 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 7 highly experienced directors. Non-Executive Independent Director Sambamurthy Venkateswaran was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 18
First quarter 2022 earnings released: ₹0.03 loss per share (vs ₹0.83 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: ₹152.8m (up 29% from 1Q 2021). Net loss: ₹31.5m (loss narrowed 27% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 15
Third quarter 2021 earnings released: ₹0.35 loss per share (vs ₹0.56 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: ₹191.1m (up 100% from 3Q 2020). Net loss: ₹18.2m (loss narrowed 37% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Jan 13
Raj Television Network Limited to Report Q3, 2021 Results on Feb 12, 2021 Raj Television Network Limited announced that they will report Q3, 2021 results on Feb 12, 2021 Is New 90 Day High Low • Dec 17
New 90-day high: ₹43.00 The company is up 17% from its price of ₹36.70 on 18 September 2020. The Indian market is also up 17% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Media industry, which is up 7.0% over the same period. Announcement • Oct 27
Raj Television Network Limited to Report Q2, 2021 Results on Nov 09, 2020 Raj Television Network Limited announced that they will report Q2, 2021 results on Nov 09, 2020 Announcement • Jul 26
Raj Television Network Limited to Report Q1, 2021 Results on Jul 30, 2020 Raj Television Network Limited announced that they will report Q1, 2021 results on Jul 30, 2020