Announcement • Jun 26
Zee Media Corporation Limited announced that it has received INR 297.5 million in funding from Magnifica Global Opportunities Vcc - Mgo High Conviction Fund Incorporated Vcc Sub Fund, Minerva Ventures On June 25, 2026, Zee Media Corporation Limited closed the transaction. Reported Earnings • May 31
Full year 2026 earnings released: EPS: ₹0.03 (vs ₹1.91 loss in FY 2025) Full year 2026 results: EPS: ₹0.03 (up from ₹1.91 loss in FY 2025). Revenue: ₹7.76b (up 25% from FY 2025). Net income: ₹19.0m (up ₹1.21b from FY 2025). Profit margin: 0.2% (up from net loss in FY 2025). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • May 22
Zee Media Corporation Limited to Report Q4, 2026 Results on May 29, 2026 Zee Media Corporation Limited announced that they will report Q4, 2026 results on May 29, 2026 Announcement • May 19
Zee Media Corporation Limited announced that it expects to receive INR 297.5 million in funding from Magnifica Global Opportunities Vcc - Mgo High Conviction Fund Incorporated Vcc Sub Fund, Minerva Ventures Zee Media Corporation Limited announced a private placement of 140,000,000 Convertible Warrants of the company at an issue price of INR 2.125 for gross proceed of INR 297,500,000 on May 18, 2026. The transaction involves participation from new investor Magnifica Global Opportunities Vcc - Mgo High Conviction Fund Incorporated Vcc Sub-Fund with 369,645 pre preferential issue and 0.05% ownership and for 45,369,645 shares of the company with 5.04% of shareholding post conversion of proposed warrants on diluted basis, Minerva Ventures Fund with 1,500,000 pre preferential issue and 0.20% ownership and for 46,500,000 shares of the company with 5.16% of shareholding post conversion of proposed warrants on diluted basis, SUN ALPHA GLOBAL VCC - Sun India Opportunities Investing Fund "incorporated VCC sub-fund" for 50,000,000 shares of the company with 5.55% of shareholding post conversion of proposed warrants on diluted basis. The Warrants are convertible into Common Shares of the company and the rights attached to Warrants may be exercised by the Warrant holder(s), in one or more tranches, at any time on or before the expiry of 18 months from the date of allotment of the Warrants. In the event the Warrant holder(s) do not exercise the right attached to the Warrant(s) within 18 months from the date of allotment of the Warrants, such unexercised Warrant(s) shall lapse, and the amount paid to the Company at the time of subscription of such unexercised Warrant(s) shall stand forfeited. The transaction has been approved at the meeting of Board of Directors of the company. Buy Or Sell Opportunity • Apr 13
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to ₹7.78. The fair value is estimated to be ₹9.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 8.7%. Buy Or Sell Opportunity • Mar 16
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to ₹7.36. The fair value is estimated to be ₹9.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 8.7%. Announcement • Mar 13
Zee Media Appoints Mayank Jain as Senior Vice President Digital Ad Sales Zee Media appointed Mayank Jain as Senior Vice President Digital Ad Sales as the company strengthens its leadership team to accelerate its digital advertising and platform monetisation strategy, e4m has learnt it from reliable sources. Jain joins the organisation after a seven-year stint at TV9 Network, where he most recently served as Vice President Digital Ad Sales. During his tenure, he played a significant role in building the network's digital monetisation strategy and expanding integrated advertising solutions across platforms. He joined TV9 Network in June 2019 as Deputy Vice President and initially led sales for TV9 Bharatvarsh. In 2020, he transitioned to head digital ad sales for the network and was later elevated to Vice President Digital Ad Sales in April 2024. Over the years, he held multiple leadership responsibilities and contributed to strengthening the network's cross platform sales offerings. With more than 25 years of experience in media and sales management, Jain has worked with several leading organisations including Disney Star India, Fox International Channels, National Geographic Channel, Red FM, Times Internet, NDTV Good Times, Bennett Coleman and Company Limited and Eenadu Television. He began his professional journey with Amar Ujala where he worked across multiple roles during two separate stints. In his new role at Zee Media, Jain will lead agency and client partnerships and drive advertising sales across publishing platforms, YouTube, live television, video on demand, connected television and OTT platforms. He will also oversee the network's broader revenue strategy across digital properties. A seasoned sales strategist, Jain brings expertise across print, radio, television and digital advertising, along with branded content solutions, special IP creation and large scale event monetisation. New Risk • Feb 20
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 7.4% 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 28% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (₹5.97b market cap, or US$65.6m). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: ₹0.84 (vs ₹0.36 loss in 3Q 2025) Third quarter 2026 results: EPS: ₹0.84 (up from ₹0.36 loss in 3Q 2025). Revenue: ₹2.41b (up 51% from 3Q 2025). Net income: ₹527.7m (up ₹751.9m from 3Q 2025). Profit margin: 22% (up from net loss in 3Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Feb 03
Zee Media Corporation Limited to Report Q3, 2026 Results on Feb 12, 2026 Zee Media Corporation Limited announced that they will report Q3, 2026 results on Feb 12, 2026 New Risk • Dec 29
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 6.9% 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 25% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (₹5.61b market cap, or US$62.4m). Reported Earnings • Nov 14
Second quarter 2026 earnings released: ₹0.25 loss per share (vs ₹0.79 loss in 2Q 2025) Second quarter 2026 results: ₹0.25 loss per share (improved from ₹0.79 loss in 2Q 2025). Revenue: ₹1.80b (up 38% from 2Q 2025). Net loss: ₹155.3m (loss narrowed 69% from 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 13% per year. Announcement • Nov 04
Zee Media Corporation Limited to Report Q2, 2026 Results on Nov 12, 2025 Zee Media Corporation Limited announced that they will report Q2, 2026 results on Nov 12, 2025 Announcement • Oct 31
Zee Media Appoints Manish Seth as Chief Revenue Officer, Effective from 28 October 2025 Zee Media has brought in Manish Seth as chief revenue officer, banking on his track record of doubling digital revenues to power the broadcaster's next growth phase. Seth joins with immediate effect from 28 October 2025. The appointment, approved by the board on the recommendation of the nomination and remuneration committee, designates him as senior management personnel under India's listing regulations. The new chief revenue officer arrives with a formidable reputation. At TV9 Network, where he most recently served as revenue head for digital and business head for Money9, Seth doubled digital revenues in just two years. He also pioneered integrated television and digital sales models that broke new ground in Indian media. Before TV9, Seth spent years at Zee Unimedia, Zee Media and Bennett Coleman, consistently delivering double-digit growth and launching multiple channels and products. His expertise spans revenue strategy, sales transformation, go-to-market planning and profit-and-loss management across broadcast and digital platforms. Seth holds a postgraduate diploma in marketing management from the Times School of Marketing and a bachelor's degree in science from Delhi University. Zee Media is betting that Seth's digital chops and proven ability to build high-performing teams will accelerate its transformation at a time when traditional broadcasters are scrambling to capture online audiences and advertising rupees. With 25 years of trench warfare in media sales under his belt, Seth now has the mandate to write the next chapter of Zee Media's revenue story. Announcement • Sep 03
Zee Media Corporation Limited, Annual General Meeting, Sep 26, 2025 Zee Media Corporation Limited, Annual General Meeting, Sep 26, 2025, at 14:30 Indian Standard Time. Reported Earnings • Jul 30
First quarter 2026 earnings released: ₹0.14 loss per share (vs ₹0.17 loss in 1Q 2025) First quarter 2026 results: ₹0.14 loss per share (improved from ₹0.17 loss in 1Q 2025). Revenue: ₹1.83b (up 4.1% from 1Q 2025). Net loss: ₹88.1m (loss narrowed 15% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. New Risk • Jul 30
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 Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (₹8.58b market cap, or US$98.4m). New Risk • Jul 25
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.51b (US$98.3m) This is considered a minor 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: Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (₹8.51b market cap, or US$98.3m). Announcement • Jul 22
Zee Media Corporation Limited to Report Q1, 2026 Results on Jul 29, 2025 Zee Media Corporation Limited announced that they will report Q1, 2026 results on Jul 29, 2025 New Risk • Jun 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.44b (US$97.5m) This is considered a minor 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. This is currently the only risk that has been identified for the company. Reported Earnings • May 07
Full year 2025 earnings released: ₹1.91 loss per share (vs ₹1.57 loss in FY 2024) Full year 2025 results: ₹1.91 loss per share (further deteriorated from ₹1.57 loss in FY 2024). Revenue: ₹6.33b (flat on FY 2024). Net loss: ₹1.19b (loss widened 21% from FY 2024). 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 6% per year. Announcement • Apr 28
Zee Media Corporation Limited to Report Q4, 2025 Results on May 05, 2025 Zee Media Corporation Limited announced that they will report Q4, 2025 results on May 05, 2025 Buy Or Sell Opportunity • Apr 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 36% to ₹13.04. The fair value is estimated to be ₹16.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 8.8%. New Risk • Mar 05
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 8.1% 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: Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Market cap is less than US$100m (₹8.36b market cap, or US$96.0m). Buy Or Sell Opportunity • Mar 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 44% to ₹12.18. The fair value is estimated to be ₹15.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 8.8%. New Risk • Feb 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.53b (US$98.2m) This is considered a minor 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. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 12
Third quarter 2025 earnings released: ₹0.36 loss per share (vs ₹0.57 loss in 3Q 2024) Third quarter 2025 results: ₹0.36 loss per share (improved from ₹0.57 loss in 3Q 2024). Revenue: ₹1.61b (down 3.9% from 3Q 2024). Net loss: ₹224.2m (loss narrowed 38% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 7% per year. Announcement • Feb 12
Zee Media Corporation Limited Announces Change in Management Zee Media Corporation Limited announced that the appointment of Mr. Harsh - Finance Mittal, Senior Manager & Accounts, has been considered under the category of Senior Management Personnel of the Company, following a change in the reporting. Appointment in Senior Management Personnel categoryis effective from February 11, 2025. Mr. Harshis a finance and accounts professional with over 8 years of Mr. Mittal is experience. a qualified Chartered Accountant and is a graduate from CCS University. The appointment of Mr. Sandeep Jindal, Commercial Head, has been considered under the category of Senior Management Personnel of the Company, following a change in the reporting. Appointment in Senior Management Personnel category is effective from February 11, 2025. Mr. Sandeep is a Supply Chain Management Professional with a track record of heading purchase and procurement department in Media Entertainment, FMCG, IT & Broadcasting, Automotive, Manufacturing, Power sector, Electrical & Electronics, Medical, and Process & Environment Business with over 30 years of experience. He holds Diploma in Procurement & Supply Chain Management and is a Bachelor of Engineering from Nagpur University. Announcement • Feb 03
Zee Media Corporation Limited to Report Q3, 2025 Results on Feb 11, 2025 Zee Media Corporation Limited announced that they will report Q3, 2025 results on Feb 11, 2025 Announcement • Jan 31
Zee Media Corporation Limited Announces Resignation of Pankaj Rai as Business Head - Wion and Zee Business, Effective February 5, 2025 Zee Media Corporation Limited informed that Mr. Pankaj Rai, part of Senior Management Personnel of the Company, and working as `Business Head - WION and Zee Business' has tendered his resignation from the said position, to pursue opportunities outside the organization. The Company has accepted his resignation and Mr. Pankaj Rai shall be relieved from his duties from the close of business hours of February 5, 2025. Announcement • Jan 16
Zee Media Corporation Limited Appoints Aditya Tandon as Chief Brand Officer- Campaigns & Ips Zee Media Corporation Limited informed that upon the recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company have on January 15, 2025, approved the appointment of Mr. Aditya Tandon as `Chief Brand Officer- Campaigns & IPs' of the Company (categorized as Senior Management Personnel). Appointment shall be effective from January 16, 2025. Mr. Tandon is a seasoned marketing leader with over 25 years of professional and academic experience across India, Nepal, Mauritius and Canada in Industries including Media, Web Services, Telecom, Print Media. Mr. Tandon is highly proficient in leading and building brands. He has successfully executed multiple launch /re- launch mandates. He is deeply committed in delivering impact ideas and innovations including tech-led /digital interventions. He has bagged over 100 awards at prestigious forums such as the Asian Television Awards, ABBY, MADDY, IMA, Promax, IDMA for various communication, programming and promotional initiatives. Mr. Tandon has been an invitee/speaker at industry platforms such as NT Summit, IPRCCA, Promax Asia, EFFIES, IIM-R, DSE, Ashoka University, BITS Pilani etc. Mr. Tandon holds a Bachelor of Arts degree (Hons) from Delhi University, PGDIM from FOCB-Delhi School of Economics, University of Delhi and Post Graduate Diploma in Business Management from Centre for Management Development, Ghaziabad. Announcement • Jan 06
Mukesh Kumar Joins Zee Media as National Head of Sales Zee Media has appointed Mukesh Kumar as its National Head - Sales. Based out of the company's Noida office, Kumar will be responsible for driving ad sales revenue, streamlining operations and enhancing profitability across Zee Media's linear properties. Kumar brings with him over two decades of rich experience spanning industries, with expertise in sales (both linear and digital), business development, and customer relations. He has held senior leadership roles at leading media organizations, including Network 18, Star India and HT Media. In his new role, Kumar is expected to leverage his extensive industry knowledge and strategic acumen to bolster Zee Media's growth and profitability. Announcement • Nov 27
Zee Media Corporation Limited Announces Resignation of Purushottam Vaishnava as Non-Executive Non-Independent Director Zee Media Corporation Limited informed that Mr. Purushottam Vaishnava DIN: 01958304) has resigned as a Non-executive Non-Independent Director of the Company, effective from the close of working hours on November 25, 2024. Announcement • Nov 22
Zee Media Appoints Sanjeev Sharma as Business Head - Govt Sales Zee Media appoints Sanjeev Sharma as Business Head - govt sales Sanjeev Sharma has over 26 years of experience in sales and marketing. Sanjeev Sharma has been appointed as Business Head of Zee Media Government Sales. Sanjeev Sharma has over 26 years of experience in sales and marketing. He has held leadership roles in companies like Network18 Media, Star India, Reliance Broadcast Network, Nicholas Piramal and Zydus Cadila. Sharma has played a key role in formulating business development, client acquisition and government sales strategies in these organizations. In his new role at Zee Media, Sanjeev Sharma will focus on increasing government revenues for the organisation by developing and implementing strategies to secure media contracts and campaigns in the government sector. Reported Earnings • Oct 26
Second quarter 2025 earnings released: ₹0.79 loss per share (vs ₹0.49 loss in 2Q 2024) Second quarter 2025 results: ₹0.79 loss per share (further deteriorated from ₹0.49 loss in 2Q 2024). Revenue: ₹1.33b (down 12% from 2Q 2024). Net loss: ₹498.6m (loss widened 62% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Announcement • Oct 18
Zee Media Corporation Limited to Report Q2, 2025 Results on Oct 25, 2024 Zee Media Corporation Limited announced that they will report Q2, 2025 results on Oct 25, 2024 Announcement • Oct 17
Zee Media Corporation Limited Approves Appointment of Pavel Chopra as Chief Human Resource Officer, Effective October 18, 2024 Zee Media Corporation Limited informed that upon the recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company have on October 17, 2024, approved the appointment of Mr. Pavel Chopra as `Chief Human Resource Officer' of the Company (categorized as Senior Management Personnel). Brief profile: Mr. Pavel Chopra is having more than 2 decades of deep HR experience across diverse Industries ITS, Healthcare, Financial Service, Media, logistics, both in multinational organizations and Indian conglomerates. Mr. Chopra had co-founded OxyZEN Express Private Limited, a tech- logistics start-up which established a PAN India network covering 11,000+ pin codes with 250+ staff, 150+ handlers, 300+ Biz Partners, and scaled it to INR 1,000 million consolidated revenue over 2 years. He was previously also the `Chief HR officer' in Allcargo Limited, for both Allcargo and Gati wherein he has lead the people strategy and cultural transformation for a 10000+ people organization, across 300+ locations across India. He has also been associated with Sony Pictures Networks (SPN) India, Aditya Birla Sun Life Insurance and Genpact/GE Capital International Services. Mr. Chopra holds a Bachelor of Commerce degree from Delhi University, Masters in Computer application, Post Graduate Certificate in HR Management and HR Leadership Program (HRLP) Graduate. Date of appointment: Appointment effective from October 18, 2024. Announcement • Sep 11
Zee Media Corporation Limited Announces Executive Changes Zee Media Corporation Limited announced Mr. Rajesh Sareen has been appointed as Chief Revenue Officer of the Company effective from September 11, 2024. Mr. Rajesh Sareen is having more than 3 decades of professional experience in Media Advertisement Sales, Business Development, New product launch, Key Account Management, Marketing, BTL events & Team Management. Mr. Sareen is proficient in heading sales operations with a keen focus on profitability and achieving targets through effective concept selling and promotions. He possesses expertise in corporate communication, image, and brand building, managing associates and client relationships. Mr. Sareen holds a Bachelor of Commerce degree (Hons) from Punjab University and Post Graduate Diploma in Business Management from Centre for Management Development. Mrs. Pooja Duggal, Chief Human Resource Officer, has tendered her resignation from the services of the Company with effect from the close of working hours of September 25, 2024 as she is at a crossroad, wherein she has been offered an opportunity that is in line with her career aspirations, and what she is keen to pursue. Mrs. Mona Jain, Chief Revenue Officer, has tendered her resignation from the services of the Company from the close of working hours of September 30, 2024 to pursue personal aspirations. Board Change • Sep 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. 6 experienced directors. No highly experienced directors. Non-Executive Non-Independent Director Purushottam Vaishnava was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 08
First quarter 2025 earnings released: ₹0.17 loss per share (vs ₹0.40 loss in 1Q 2024) First quarter 2025 results: ₹0.17 loss per share (improved from ₹0.40 loss in 1Q 2024). Revenue: ₹1.77b (up 26% from 1Q 2024). Net loss: ₹103.8m (loss narrowed 59% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Aug 07
Zee Media Corporation Limited, Annual General Meeting, Sep 27, 2024 Zee Media Corporation Limited, Annual General Meeting, Sep 27, 2024. Announcement • Jul 31
Zee Media Corporation Limited to Report Q1, 2025 Results on Aug 07, 2024 Zee Media Corporation Limited announced that they will report Q1, 2025 results on Aug 07, 2024 New Risk • Jul 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.19b (US$97.9m) This is considered a minor 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: Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Market cap is less than US$100m (₹8.19b market cap, or US$97.9m). Announcement • Jul 10
Zee Media Corporation Limited Appoints Karan Abhishek Singh as Chief Executive Officer Zee Media Corporation Limited at its board meeting held on July 10, 2024 approved appointment of Mr. Karan Abhishek Singh as the Chief Executive Officer (designated as Key Managerial Personnel) of the Company, with effect from July 10, 2024, which appointment is subject to such approvals as may be needed. Mr. Karan Abhishek Singh has more than 22 years of professional experience which includes Media, Telecom and FMCG. He holds a Bachelor of Commerce degree from Kumaon University (1999) and Post Graduate Diploma in Marketing from NMIMS, Mumbai (2001). Mr. Singh is experienced in P&L Management, Sales and Channel management, revenue management, trade marketing and key account management. He was previously the Chief Executive Officer Hindi News (TV & Digital) in Network 18 Media and Investments Limited, wherein he managed portfolio of seven channels alongside the digital platform. He was also involved in launching a channel in Jammu & Kashmir. Prior to Network 18, he worked as EVP Ad Sales for Star India (now Disney Star) wherein he led the sales for North and West markets and managed agency partnerships. Reported Earnings • May 25
Full year 2024 earnings released: ₹1.57 loss per share (vs ₹1.10 loss in FY 2023) Full year 2024 results: ₹1.57 loss per share (further deteriorated from ₹1.10 loss in FY 2023). Revenue: ₹6.63b (down 8.0% from FY 2023). Net loss: ₹984.3m (loss widened 43% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Announcement • May 19
Zee Media Corporation Limited to Report Q4, 2024 Results on May 24, 2024 Zee Media Corporation Limited announced that they will report Q4, 2024 results on May 24, 2024 Buy Or Sell Opportunity • May 14
Now 25% overvalued Over the last 90 days, the stock has fallen 14% to ₹13.15. The fair value is estimated to be ₹10.51, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Announcement • May 01
Zee Media Corporation Limited Announces Resignation of Piyush Choudhary as Chief Manager - Legal Zee Media Corporation Limited announced that Mr. Piyush Choudhary, part of Senior Management Personnel of the Company, and working as Chief Manager - Legal has tendered his resignation from the said position to pursue his interests outside the organization. The Company has accepted his resignation and Mr. Piyush Choudhary is being relieved from his duties from the close of business hours of April 30, 2024. Announcement • Apr 26
Zee Media Corporation Limited Announces Shivam Gupta, Designated as Head - 2C, Ceases to Be A Senior Management Personnel Zee Media Corporation Limited informed that due to change in reporting hierarchy, Mr. Shivam Gupta, designated as `Head - 2C' of the Company ceases to be a Senior Management Personnel of the Company, With effect from April 24, 2024. New Risk • Mar 04
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.04b (US$96.9m) This is considered a minor 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 Risk Earnings have declined by 0.1% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$100m (₹8.04b market cap, or US$96.9m). Reported Earnings • Feb 14
Third quarter 2024 earnings released: ₹0.57 loss per share (vs ₹0.31 loss in 3Q 2023) Third quarter 2024 results: ₹0.57 loss per share (further deteriorated from ₹0.31 loss in 3Q 2023). Revenue: ₹1.67b (down 2.3% from 3Q 2023). Net loss: ₹359.1m (loss widened 87% from 3Q 2023). 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 • Feb 01
Zee Media Corporation Limited to Report Q3, 2024 Results on Feb 12, 2024 Zee Media Corporation Limited announced that they will report Q3, 2024 results on Feb 12, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: ₹0.49 loss per share (vs ₹0.19 loss in 2Q 2023) Second quarter 2024 results: ₹0.49 loss per share (further deteriorated from ₹0.19 loss in 2Q 2023). Revenue: ₹1.54b (down 21% from 2Q 2023). Net loss: ₹307.0m (loss widened 154% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 46% per year, which means it is well ahead of earnings. Announcement • Oct 19
Zee Media Corporation Limited to Report Q2, 2024 Results on Oct 31, 2023 Zee Media Corporation Limited announced that they will report Q2, 2024 results on Oct 31, 2023 Buying Opportunity • Aug 17
Now 21% undervalued Over the last 90 days, the stock is up 42%. The fair value is estimated to be ₹15.28, 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. Earnings per share has grown by 16%. Reported Earnings • Aug 13
First quarter 2024 earnings released: ₹0.40 loss per share (vs ₹0.13 profit in 1Q 2023) First quarter 2024 results: ₹0.40 loss per share (down from ₹0.13 profit in 1Q 2023). Revenue: ₹1.40b (down 32% from 1Q 2023). Net loss: ₹253.1m (down 409% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 12
Zee Media Corporation Limited, Annual General Meeting, Sep 28, 2023 Zee Media Corporation Limited, Annual General Meeting, Sep 28, 2023, at 11:30 Indian Standard Time. New Risk • Jul 08
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 7.3% 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 13% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (₹6.94b market cap, or US$84.0m). Announcement • Jun 03
Zee Media Corporation Limited Appoints Pooja Duggal as Head - Human Resources Zee Media Corporation Limited has appointed Pooja Duggal as Head - Human Resources for and its subsidiaries, based out of the Noida office. Duggal will be responsible to lead, advise and strategise on the implementation of effective people strategy & plans; to ensure that the company's people policies, culture and working practices enable high performance and organisational capability. She will take a lead role in organisational development, drive change initiatives and contribute to long-term goals around business and people development. Duggal brings with her over 16 years of varied industry experience revolving around designing and execution of people strategy and solution to help businesses realise its overall objectives. She has been instrumental in aligning and institutionalising HR processes and systems spanning the complete employee lifecycle encompassing Performance Management, Organisation Capability Building, Change Management and much more. Her last assignment was with HT Digital streams as Head HR for the digital business. Previously, she has worked with companies like Raychem RPG Pvt. Ltd., Jindal Steel & Power Ltd., SISTEMA Shyam Teleservices and Right Management. Duggal has completed her MBA in Human Resources and Finance from NMIMS, Mumbai and Bachelor of Information Systems (H) from GGS Indraprastha, Delhi. Reported Earnings • May 30
Full year 2023 earnings released: ₹1.10 loss per share (vs ₹2.08 loss in FY 2022) Full year 2023 results: ₹1.10 loss per share (improved from ₹2.08 loss in FY 2022). Revenue: ₹7.40b (down 15% from FY 2022). Net loss: ₹688.1m (loss narrowed 42% from FY 2022). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • May 23
Zee Media Corporation Limited to Report Q4, 2023 Results on May 29, 2023 Zee Media Corporation Limited announced that they will report Q4, 2023 results at 4:00 PM, Indian Standard Time on May 29, 2023 Announcement • Feb 15
Zee Media Corporation Limited Appoints Abhay Ojha as CEO ZEE Media Corporation Limited (ZMCL) is in the process to appoint Abhay Ojha as the Chief Executive Officer. The company announced that, the Nomination and Remuneration Committee of the Company, at its meeting held on February 14, 2023, considered the candidature of Mr. Abhay Ojha, for appointment as Chief Executive Officer ('CEO') and Key Managerial Personnel ('KMP') of the Company and advised the management to file the necessary application with the Ministry of Information and Broadcasting ('Ministry') for obtaining the prior approval of the Ministry, as required under the Up-linking Guidelines. In November last year, Ojha was appointed the Chief Business Officer for all linear channels, excluding Zee Business and WION. Ojha joined ZMCL in February 2022 where he was appointed the P&L Head for Cluster 3. Prior to this, he was the CEO at Changa. He has also held leadership roles at HUL and Star. Reported Earnings • Feb 15
Third quarter 2023 earnings released: ₹0.31 loss per share (vs ₹0.73 profit in 3Q 2022) Third quarter 2023 results: ₹0.31 loss per share (down from ₹0.73 profit in 3Q 2022). Revenue: ₹1.73b (down 29% from 3Q 2022). Net loss: ₹191.6m (down 142% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Announcement • Feb 08
Zee Media Corporation Limited to Report Q3, 2023 Results on Feb 14, 2023 Zee Media Corporation Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Announcement • Jan 25
Zee News Appoints Mona Jain as Its Chief Revenue Officer Zee News announced that Mona Jain, who has resigned as ABP News Network's Chief Revenue Officer, will join Zee News as its Chief Revenue Officer. This will be Jain's second stint with the Zee group. Before joining ABP Network in November 2019, Jain had spent six years in Zee Entertainment Enterprise Ltd. (ZEEL), serving as Executive Vice President, AD Sales. A veteran media professional, Jain has more than 30 years of experience in media marketing and promotions. Prior to her tenure in ZEEL, Jain was the CEO of Vivaki Exchange for almost nine years, where she was designated as India Head - Strategic Investments. She has also worked at Cheil Communications and Mudra Communications in the past, where she held the positions of Executive Director and Media Director respectively and was responsible for setting up media for various brands. She started her career with Hindustan Thompson Associates (HTA) and holds vast experience in the field of communications and marketing. Board Change • Dec 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Purushottam Vaishnava was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 09
Second quarter 2023 earnings released: ₹0.19 loss per share (vs ₹1.87 loss in 2Q 2022) Second quarter 2023 results: ₹0.19 loss per share (improved from ₹1.87 loss in 2Q 2022). Revenue: ₹1.96b (down 5.1% from 2Q 2022). Net loss: ₹120.8m (loss narrowed 88% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Board Change • Oct 31
High number of new directors Non - Executive Independent Director Swetha Gopalan was the last director to join the board, commencing their role in 2021. Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: ₹0.13 (vs ₹0.19 loss in 1Q 2022) First quarter 2023 results: EPS: ₹0.13 (up from ₹0.19 loss in 1Q 2022). Revenue: ₹2.10b (up 23% from 1Q 2022). Net income: ₹81.9m (up ₹172.5m from 1Q 2022). Profit margin: 3.9% (up from net loss in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 25
Full year 2022 earnings released: ₹2.07 loss per share (vs ₹1.61 profit in FY 2021) Full year 2022 results: ₹2.07 loss per share (down from ₹1.61 profit in FY 2021). Revenue: ₹8.73b (up 34% from FY 2021). Net loss: ₹1.18b (down 255% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Additional Independent Non-Executive Director Raj Gupta is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.73 (down from ₹0.74 in 3Q 2021). Revenue: ₹2.43b (up 32% from 3Q 2021). Net income: ₹454.6m (up 32% from 3Q 2021). Profit margin: 19% (in line with 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 12% per year. Reported Earnings • Nov 13
Second quarter 2022 earnings released: ₹1.87 loss per share (vs ₹0.39 profit in 2Q 2021) The company reported a mediocre second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: ₹2.08b (up 39% from 2Q 2021). Net loss: ₹1.03b (down ₹1.21b from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment improved over the past week After last week's 19% share price gain to ₹15.25, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 17x in the Media industry in India. Total loss to shareholders of 33% over the past three years. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment improved over the past week After last week's 19% share price gain to ₹11.80, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 16x in the Media industry in India. Total loss to shareholders of 56% over the past three years. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹8.80, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 15x in the Media industry in India. Total loss to shareholders of 70% over the past three years. Executive Departure • Aug 11
Independent Director Rashmi Aggarwal has left the company On the 9th of August, Rashmi Aggarwal's tenure as Independent Director ended after 6.0 years in the role. We don't have any record of a personal shareholding under Rashmi's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.92 years, which is considered inexperienced in the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improved over the past week After last week's 26% share price gain to ₹13.75, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 16x in the Media industry in India. Total loss to shareholders of 47% over the past three years. Reported Earnings • Jul 03
Full year 2021 earnings released: EPS ₹1.61 (vs ₹5.76 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹6.49b (up 2.7% from FY 2020). Net income: ₹757.4m (up ₹3.47b from FY 2020). Profit margin: 12% (up from net loss in FY 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improved over the past week After last week's 18% share price gain to ₹11.35, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 17x in the Media industry in India. Total loss to shareholders of 62% over the past three years. Valuation Update With 7 Day Price Move • May 21
Investor sentiment improved over the past week After last week's 19% share price gain to ₹10.25, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 15x in the Media industry in India. Total loss to shareholders of 67% over the past three years. Valuation Update With 7 Day Price Move • May 06
Investor sentiment improved over the past week After last week's 20% share price gain to ₹7.55, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 14x in the Media industry in India. Total loss to shareholders of 79% over the past three years. Is New 90 Day High Low • Mar 05
New 90-day high: ₹7.35 The company is up 46% from its price of ₹5.05 on 04 December 2020. The Indian market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 16% over the same period. 
