Stock Analysis Report

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Last Updated

2021/06/21 12:22 UTC

Data Sources

Company Financials

Executive Summary

The Sandesh Limited engages in editing, printing, and publishing newspapers and periodicals in India. More Details

Snowflake Analysis

Excellent balance sheet with proven track record and pays a dividend.

Similar Companies

Share Price & News

How has Sandesh's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: SANDESH is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: SANDESH's weekly volatility (6%) has been stable over the past year.

Market Performance

7 Day Return




IN Media


IN Market

1 Year Return




IN Media


IN Market

Return vs Industry: SANDESH exceeded the Indian Media industry which returned 36.5% over the past year.

Return vs Market: SANDESH underperformed the Indian Market which returned 60.8% over the past year.

Shareholder returns

7 Day-1.1%-2.2%-1.5%
30 Day8.1%7.7%4.3%
90 Day21.4%8.2%10.8%
1 Year56.3%55.2%36.9%36.5%63.3%60.8%
3 Year-8.0%-10.1%-43.7%-45.8%40.4%33.5%
5 Year7.2%3.7%-31.1%-34.0%96.5%81.7%

Long-Term Price Volatility Vs. Market

How volatile is Sandesh's share price compared to the market and industry in the last 5 years?

Simply Wall St News


Is Sandesh undervalued compared to its fair value and its price relative to the market?


Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: SANDESH (₹786.85) is trading above our estimate of fair value (₹65.18)

Significantly Below Fair Value: SANDESH is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: SANDESH is good value based on its PE Ratio (6x) compared to the Indian Media industry average (16x).

PE vs Market: SANDESH is good value based on its PE Ratio (6x) compared to the Indian market (21.6x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SANDESH's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: SANDESH is good value based on its PB Ratio (0.7x) compared to the IN Media industry average (1.7x).

Future Growth

How is Sandesh forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?


Forecasted Media industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Sandesh has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Sandesh performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SANDESH has high quality earnings.

Growing Profit Margin: SANDESH's current net profit margins (32%) are higher than last year (17.6%).

Past Earnings Growth Analysis

Earnings Trend: SANDESH's earnings have declined by 0.9% per year over the past 5 years.

Accelerating Growth: SANDESH's earnings growth over the past year (43.7%) exceeds its 5-year average (-0.9% per year).

Earnings vs Industry: SANDESH earnings growth over the past year (43.7%) exceeded the Media industry 2.2%.

Return on Equity

High ROE: SANDESH's Return on Equity (11.9%) is considered low.

Financial Health

How is Sandesh's financial position?

Financial Position Analysis

Short Term Liabilities: SANDESH's short term assets (₹4.5B) exceed its short term liabilities (₹453.7M).

Long Term Liabilities: SANDESH's short term assets (₹4.5B) exceed its long term liabilities (₹90.5M).

Debt to Equity History and Analysis

Debt Level: SANDESH's debt to equity ratio (0.01%) is considered satisfactory.

Reducing Debt: SANDESH's debt to equity ratio has reduced from 3.7% to 0.01% over the past 5 years.

Debt Coverage: SANDESH's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: SANDESH's interest payments on its debt are well covered by EBIT (265.1x coverage).

Balance Sheet


What is Sandesh current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: SANDESH's dividend (0.63%) is higher than the bottom 25% of dividend payers in the Indian market (0.38%).

High Dividend: SANDESH's dividend (0.63%) is low compared to the top 25% of dividend payers in the Indian market (1.58%).

Stability and Growth of Payments

Stable Dividend: SANDESH's dividends per share have been stable in the past 10 years.

Growing Dividend: SANDESH's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (3.8%), SANDESH's dividend payments are thoroughly covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average board tenure


Falgunbhai Patel (64 yo)





Mr. Falgunbhai Chimanbhai Patel, B.Com, M.B.A. (USA), serves as Chairman of The Sandesh Limited and has been its Managing Director since 1978. Mr. Chimanbhai has been an Executive Director of The Sandesh L...

CEO Compensation Analysis

Compensation vs Market: Falgunbhai's total compensation ($USD465.21K) is above average for companies of similar size in the Indian market ($USD40.45K).

Compensation vs Earnings: Falgunbhai's compensation has been consistent with company performance over the past year.

Board Members

Experienced Board: SANDESH's board of directors are seasoned and experienced ( 13.5 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

The Sandesh Limited's company bio, employee growth, exchange listings and data sources

Key Information

  • Name: The Sandesh Limited
  • Ticker: SANDESH
  • Exchange: NSEI
  • Founded: 1923
  • Industry: Publishing
  • Sector: Media
  • Market Cap: ₹5.973b
  • Shares outstanding: 7.57m
  • Website: https://sandesh.com

Number of Employees


  • The Sandesh Limited
  • Sandesh Bhavan
  • Lad Society Road
  • Ahmedabad
  • Gujarat
  • 380054
  • India



The Sandesh Limited engages in editing, printing, and publishing newspapers and periodicals in India. It publishes SANDESH, a premier Gujarati daily newspaper; and Sandesh Pratyaksha Panchang, a periodical...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/21 12:22
End of Day Share Price2021/06/21 00:00
Annual Earnings2020/03/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.