Announcement • Apr 21
NDL Ventures Limited Recommends Final Dividend for the Financial Year Ended March 31, 2026 NDL Ventures Limited at its board meeting held on April 21, 2026 Recommended a final dividend of INR 0.50 per share i.e. 5% of face value of share for the financial year ended March 31, 2026, subject to the approval of the Shareholders at the upcoming Annual General Meeting of the Company. Announcement • Apr 16
NDL Ventures Limited to Report Q4, 2026 Results on Apr 21, 2026 NDL Ventures Limited announced that they will report Q4, 2026 results on Apr 21, 2026 New Risk • Feb 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 7.8% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 285% Paying a dividend despite having no free cash flows. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (₹3.96b market cap, or US$43.7m). Announcement • Jan 13
NDL Ventures Limited to Report Q3, 2026 Results on Jan 19, 2026 NDL Ventures Limited announced that they will report Q3, 2026 results on Jan 19, 2026 Announcement • Oct 16
NDL Ventures Limited to Report Q2, 2026 Results on Oct 24, 2025 NDL Ventures Limited announced that they will report Q2, 2026 results on Oct 24, 2025 Upcoming Dividend • Aug 15
Upcoming dividend of ₹0.50 per share Eligible shareholders must have bought the stock before 22 August 2025. Payment date: 28 September 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (2.5%). New Risk • Aug 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 6.8% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 278% Paying a dividend despite having no free cash flows. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (₹2.23b market cap, or US$25.4m). Announcement • Jul 22
NDL Ventures Limited, Annual General Meeting, Aug 29, 2025 NDL Ventures Limited, Annual General Meeting, Aug 29, 2025. Announcement • Jul 17
NDL Ventures Limited to Report Q1, 2026 Results on Jul 22, 2025 NDL Ventures Limited announced that they will report Q1, 2026 results on Jul 22, 2025 Announcement • Apr 25
NDL Ventures Limited to Report Q4, 2025 Results on Apr 29, 2025 NDL Ventures Limited announced that they will report Q4, 2025 results on Apr 29, 2025 New Risk • Apr 13
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 8.7% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 208% Paying a dividend despite having no free cash flows. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (₹2.10b market cap, or US$24.4m). Announcement • Jan 15
NDL Ventures Limited to Report Q3, 2025 Results on Jan 23, 2025 NDL Ventures Limited announced that they will report Q3, 2025 results on Jan 23, 2025 Announcement • Nov 28
NDL Ventures Limited Appoints Sumati Sharma as A Company Secretary, Effective December 1, 2024 NDL Ventures Limited announced that the Board of Directors of the Company, at their meeting held on November 28, 2024, on the recommendation of Nomination & Remuneration Committee, has appointed Ms. Sumati Sharma as a Company Secretary and Compliance Officer of NDL Ventures Limited with effect from December 1, 2024. Brief Profile: Ms. Sumati Sharma has over 7 years of work experience across companies in varied industry segments. She is Associate Member of the Institute of Company Secretaries of India. In addition, she has done B. Com. from Vikram University, Ujjain, Madhya Pradesh. She has been associated with Hinduja Leyland Finance Limited from June, 2023. Announcement • Oct 14
NDL Ventures Limited to Report Q2, 2025 Results on Oct 22, 2024 NDL Ventures Limited announced that they will report Q2, 2025 results on Oct 22, 2024 Announcement • Sep 13
NDL Ventures Limited Declares Dividend for the Financial Year Ended March 31, 2024 NDL Ventures Limited at its Annual General Meeting held on September 13, 2024 declared dividend of INR 1/- per equity share of face Value of INR 10/- each for the financial year ended March 31, 2024. Upcoming Dividend • Aug 30
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 06 September 2024. Payment date: 13 October 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.9%. Lower than top quartile of Indian dividend payers (1.1%). Lower than average of industry peers (2.0%). Declared Dividend • Aug 10
Dividend reduced to ₹1.00 Dividend of ₹1.00 is 50% lower than last year. Ex-date: 6th September 2024 Payment date: 13th October 2024 Dividend yield will be 1.0%, which is lower than the industry average of 1.9%. Sustainability & Growth Dividend is not covered by earnings (208% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 131% to bring the payout ratio under control, which is more than the 36% EPS growth achieved over the last 5 years. Announcement • Aug 09
NDL Ventures Limited, Annual General Meeting, Sep 13, 2024 NDL Ventures Limited, Annual General Meeting, Sep 13, 2024. Announcement • Jul 30
NDL Ventures Limited to Report Q1, 2025 Results on Aug 08, 2024 NDL Ventures Limited announced that they will report Q1, 2025 results on Aug 08, 2024 New Risk • Jul 26
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 8.5% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 208% Paying a dividend despite having no free cash flows. High level of non-cash earnings (22% accrual ratio). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$100m (₹3.78b market cap, or US$45.1m). Announcement • Jul 08
NDL Ventures Limited Announces Resignation of Mr. Anil Harish as Independent Director, Chairman of the Audit Committee and Nomination, Remuneration and the Member of Risk Management Committee NDL Ventures Limited announced that Mr. Anil Harish has tendered his resignation as the Independent Director of the Company vide resignation letter dated July 8, 2024 with immediate effect. Consequently, he shall cease to be the Chairman of the Audit Committee and Nomination & Remuneration Committee and the Member of Risk Management Committee of the Company. Date of Cessation: July 8, 2024. Buy Or Sell Opportunity • Mar 03
Now 21% overvalued Over the last 90 days, the stock has fallen 27% to ₹108. The fair value is estimated to be ₹89.77, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 68% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Jan 20
NDL Ventures Limited to Report Q3, 2024 Results on Jan 31, 2024 NDL Ventures Limited announced that they will report Q3, 2024 results on Jan 31, 2024 Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹120, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 29x in the Media industry in India. Total returns to shareholders of 269% over the past three years. Buying Opportunity • Jan 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be ₹155, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 56% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Nov 22
NXTDIGITAL Appoints Viresh Dhaibar as Chief General Counsel NXTDIGITAL announced the appointment of Viresh Dhaibar as chief general counsel - with legal, regulatory and governance responsibility across all media verticals. Viresh is a highly respected and accomplished legal veteran in the media and entertainment industry - with a career spanning over three decades. He has worked with leading blue-chip organizations like Munjal Auto Industries Ltd. (Hero Group), Taj Television India Pvt Ltd. and Zee Entertainment Enterprises Ltd. He brings extensive experience in regulatory compliance, litigation, and contributing to consultation papers issued by the Telecom Regulatory Authority of India (TRAI). Viresh is an ex-member of the Legal Committee of the Indian Broadcasting Foundation (IBF) and has demonstrated exceptional ability and experience in various legal forums, including the Telecom Disputes Settlement and Appellate Tribunal (TDSAT), High Courts, and the Supreme Court. Announcement • Oct 18
NDL Ventures Limited to Report Q2, 2024 Results on Oct 27, 2023 NDL Ventures Limited announced that they will report Q2, 2024 results on Oct 27, 2023 Announcement • Sep 09
NDL Ventures Limited Approves to Declare Dividend for the Financial Year Ended March 31, 2023 NDL Ventures Limited at its AGM held on September 8, 2023 approved to declare a Dividend of INR 2.00 per equity share of the face value of INR 10 per share (20%) for the financial year ended March 31, 2023. New Risk • Aug 20
New major risk - Revenue size The company makes less than US$1m in revenue. This is considered a major risk. Companies with a small amount of revenue 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 Risk Revenue is less than US$1m. Minor Risks Dividend is not well covered by earnings (dividend per share is over 24x earnings per share). Market cap is less than US$100m (₹4.85b market cap, or US$58.3m). Upcoming Dividend • Aug 18
Upcoming dividend of ₹2.00 per share at 1.4% yield Eligible shareholders must have bought the stock before 25 August 2023. Payment date: 08 October 2023. Trailing yield: 1.4%. Within top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (1.9%). Valuation Update With 7 Day Price Move • Aug 09
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹154, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 25x in the Media industry in India. Total returns to shareholders of 360% over the past three years. New Risk • Aug 03
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (₹4.45b market cap, or US$53.8m). Announcement • Jul 29
NDL Ventures Limited, Annual General Meeting, Sep 08, 2023 NDL Ventures Limited, Annual General Meeting, Sep 08, 2023. Announcement • Feb 04
Nxtdigital Limited Announces Board Appointments Nxtdigital Limited at Board Meeting held on January 31, 2023, appointed of Ms. Bhumika Batra, Non-Executive-Independent Director as a Member of the Committee. The Corporate Social Responsibility Committee has been reconstituted by inducting the appointment of Mr. Munesh Khanna, Non-Executive- Independent Director as the Chairman of the Committee. Reported Earnings • Feb 02
Third quarter 2023 earnings released: EPS: ₹0.10 (vs ₹11.38 loss in 3Q 2022) Third quarter 2023 results: EPS: ₹0.10 (up from ₹11.38 loss in 3Q 2022). Net income: ₹3.83m (up ₹294.8m from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings. Announcement • Jan 19
Nxtdigital Limited to Report Q3, 2023 Results on Jan 31, 2023 Nxtdigital Limited announced that they will report Q3, 2023 results on Jan 31, 2023 Reported Earnings • Oct 14
Second quarter 2023 earnings released: ₹14.66 loss per share (vs ₹12.85 loss in 2Q 2022) Second quarter 2023 results: ₹14.66 loss per share (further deteriorated from ₹12.85 loss in 2Q 2022). Net loss: ₹493.8m (loss widened 62% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Sep 08
Upcoming dividend of ₹4.00 per share Eligible shareholders must have bought the stock before 15 September 2022. Payment date: 27 October 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of Indian dividend payers (1.6%). Lower than average of industry peers (2.2%). Reported Earnings • Aug 10
First quarter 2023 earnings released: ₹11.40 loss per share (vs ₹13.19 loss in 1Q 2022) First quarter 2023 results: ₹11.40 loss per share. Revenue: ₹2.79b (up 13% from 1Q 2022). Net loss: ₹383.8m (loss widened 20% from 1Q 2022). Reported Earnings • May 19
Full year 2022 earnings released: ₹5.01 loss per share (vs ₹13.14 loss in FY 2021) Full year 2022 results: ₹5.01 loss per share (up from ₹13.14 loss in FY 2021). Revenue: ₹11.5b (up 18% from FY 2021). Net loss: ₹126.3m (loss narrowed 60% from FY 2021). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Feb 15
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹11.38 loss per share (down from ₹2.79 loss in 3Q 2021). Revenue: ₹2.50b (flat on 3Q 2021). Net loss: ₹290.9m (loss widened 333% from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 13
Second quarter 2022 earnings released: ₹12.85 loss per share (vs ₹4.83 loss in 2Q 2021) The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: ₹2.77b (up 20% from 2Q 2021). Net loss: ₹305.1m (loss widened 156% from 2Q 2021). Upcoming Dividend • Sep 10
Upcoming dividend of ₹4.00 per share Eligible shareholders must have bought the stock before 17 September 2021. Payment date: 28 October 2021. Trailing yield: 1.0%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (1.5%). Reported Earnings • May 14
Full year 2021 earnings released: ₹12.93 loss per share (vs ₹36.66 profit in FY 2020) The company reported a poor full year result with weaker earnings and control over costs, although revenues were flat. Full year 2021 results: Revenue: ₹10.1b (flat on FY 2020). Net loss: ₹316.1m (down 142% from profit in FY 2020). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 12
New 90-day low: ₹510 The company is down 18% from its price of ₹622 on 14 November 2020. The Indian market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 18% over the same period. Reported Earnings • Jan 30
Third quarter 2021 earnings released: ₹2.79 loss per share (vs ₹16.36 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: ₹2.51b (down 17% from 3Q 2020). Net loss: ₹67.1m (down 123% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 22
New 90-day low: ₹522 The company is down 17% from its price of ₹628 on 23 October 2020. The Indian market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 14% over the same period. Is New 90 Day High Low • Dec 30
New 90-day low: ₹530 The company is down 20% from its price of ₹665 on 01 October 2020. The Indian market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 6.0% over the same period. Is New 90 Day High Low • Dec 10
New 90-day low: ₹581 The company is down 12% from its price of ₹657 on 11 September 2020. The Indian market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 2.0% over the same period. Is New 90 Day High Low • Nov 25
New 90-day low: ₹609 The company is down 13% from its price of ₹698 on 27 August 2020. The Indian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is down 8.0% over the same period. Reported Earnings • Nov 13
Second quarter 2021 earnings released: ₹0.14 loss per share The company reported a poor second quarter result with weaker earnings, revenues and control over expenses. Second quarter 2021 results: Revenue: ₹2.36b (down 22% from 2Q 2020). Net loss: ₹119.0m (down 141% from profit in 2Q 2020). 
