Network18 Media & Investments
NETWORK18 NSE
Network18 Media & Investments
MediaNSE: NETWORK18 BSE: 532798 Media & Entertainment
Key Fundamentals
MicrocapMedia & EntertainmentMediaMarket Cap
₹4,074 Cr
Volatility
Moderate
P/E Ratio
-127.8
EBITDA
₹71.30 Cr
Return on Equity
3.11%
Debt to Equity
0.67
Book Value
₹31.93
EPS
₹0
52W High
₹58.1
52W Low
₹26.76
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Stock is trading at 0.84 times its book value
Weaknesses
6- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -14.7% over past five years.
- Company has a low return on equity of -2.20% over last 3 years.
- Earnings include an other income of Rs.260 Cr.
- Debtor days have increased from 74.3 to 119 days.
- Promoter holding has decreased over last 3 years: -18.1%
Growth Rate
Revenue Growth
-70.8% lower than
3Y
Net Income Growth
-109% lower than
3Y
Cash Flow Change
98.53% lower than
3Y
ROE
-108% lower than
3Y
ROCE
-127%
EBITDA Margin (Avg.)
73.82% lower than
3Y
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 69d agoAI opinion · based on fundamentals
Risk high
Network 18 Media & Investments Ltd trades at a market cap of ₹5,004 Cr with a P/E of 32.6x and P/B of 1.03x. The company has seen a sharp TTM sales decline of -69% but reported a TTM profit growth of 111%, while its stock has declined 42% over the past year.
Bull Case 7
- Stock trades at 1.03x book value, indicating limited premium over net asset value
- TTM compounded profit growth of 111% signals a significant earnings turnaround from prior losses
- Last year ROE turned positive at 1% after three consecutive years of negative returns
- 3-year compounded profit CAGR of 35% shows improving profitability trajectory despite revenue challenges
- 10-year compounded sales CAGR of 3% demonstrates the company has a long-term revenue base that has historically grown
- P/E of 32.6x on newly positive earnings may compress as profits normalize and scale further
- Stock has corrected 42% in 1 year, which has brought valuations closer to book value levels
Bear Case 8
- TTM sales declined -69%, reflecting a severe revenue contraction in the core business
- 5-year compounded sales CAGR of -15% indicates a sustained structural decline in revenue generation
- 3-year average ROE of -2% demonstrates persistent inability to generate adequate shareholder returns
- Promoter holding has decreased by 18.1% over the last 3 years, signaling weakening promoter commitment
- Debtor days have increased from 74.3 to 119 days, indicating deteriorating receivables collection and potential cash flow stress
- Other income of ₹449 Cr forms a significant portion of earnings, raising questions about core operating profitability
- Company has low interest coverage ratio, suggesting debt servicing burden relative to operating profits
- Stock has delivered -20% CAGR over 3 years and -9% CAGR over 5 years, reflecting persistent value erosion
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 69d ago Neutral 2
- No encumbrance on promoter shares Jul 2
Reliance Industrial Investments and Holdings Limited declared no encumbrance on Network18 shares for FY 2025-26 under SEBI Takeover Regulations.
- Trust confirms unencumbered holding Jun 22
Independent Media Trust confirmed no encumbrance on Network18 shares in FY 2025-26, filed under SEBI Takeover Regulations.
TL;DR: Recent news flow for Network18 is limited to routine regulatory disclosures confirming that promoter-held shares remain unencumbered. There are no material headwinds or positive catalysts in the current news cycle. The lack of operational or financial updates makes it difficult to assess directional momentum. Investors should watch for upcoming quarterly results or strategic announcements for a clearer trend signal.
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,239 | 1,866 | 1,774 | 2,419 | 3,141 | 1,825 | 1,360 | 561 | 468 | 498 | 539 | 616 | 516 |
| Expenses | 3,323 | 2,084 | 1,945 | 2,609 | 3,289 | 2,005 | 1,382 | 542 | 464 | 498 | 530 | 585 | 509 |
| Operating Profit | -84 | -218 | -172 | -190 | -148 | -179 | -22 | 19 | 4 | 0 | 10 | 30 | 8 |
| OPM % | -2.6% | -12% | -10% | -8% | -4.7% | -10% | -1.6% | 3.4% | 0.9% | -0.1% | 1.8% | 4.9% | 1.4% |
| Other Income | 221 | 224 | 187 | 176 | 174 | 270 | -1,225 | 40 | 231 | 124 | 69 | 26 | 42 |
| Interest | 68 | 66 | 74 | 114 | 150 | 170 | 102 | 55 | 52 | 48 | 50 | 54 | 57 |
| Depreciation | 41 | 57 | 43 | 69 | 70 | 69 | 52 | 33 | 34 | 34 | 33 | 32 | 31 |
| PBT | 27 | -118 | -102 | -197 | -194 | -148 | -1,400 | -29 | 149 | 41 | -5 | -30 | -38 |
| Tax % | -6% | 1% | 0% | -1% | 1% | 3% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | 29 | -119 | -102 | -196 | -195 | -152 | -1,400 | -29 | 149 | 41 | -5 | -30 | -38 |
| EPS in Rs | -0.37 | -0.79 | -0.56 | -1.05 | -1.2 | -0.92 | -9.31 | -0.2 | 0.96 | 0.26 | -0.04 | -0.2 | -0.25 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,127 | 1,527 | 1,491 | 1,839 | 5,116 | 5,357 | 4,705 | 5,880 | 6,223 | 9,297 | 6,888 | 2,121 | 2,169 |
| Expenses | 3,294 | 1,474 | 1,647 | 1,876 | 5,049 | 4,786 | 3,933 | 4,799 | 6,086 | 9,955 | 7,224 | 2,078 | 2,122 |
| Operating Profit | -167 | 53 | -156 | -37 | 68 | 571 | 772 | 1,081 | 137 | -658 | -337 | 43 | 47 |
| OPM % | -5% | 3.5% | -10% | -2% | 1.3% | 11% | 16% | 18% | 2.2% | -7% | -4.9% | 2% | 2.2% |
| Other Income | -735 | 98 | 55 | 110 | 42 | -17 | 44 | 74 | 183 | 801 | -734 | 449 | 260 |
| Interest | 113 | 67 | 80 | 96 | 198 | 236 | 157 | 97 | 209 | 322 | 477 | 205 | 209 |
| Depreciation | 75 | 58 | 80 | 89 | 142 | 175 | 147 | 120 | 128 | 210 | 223 | 133 | 129 |
| PBT | -1,090 | 26 | -261 | -111 | -231 | 143 | 512 | 939 | -16 | -389 | -1,771 | 155 | -32 |
| Tax % | 4% | 63% | 4% | 56% | -23% | 61% | -7% | 11% | -1% | -17% | 0% | 0% | — |
| Net Profit | -1,117 | 96 | -271 | -173 | -178 | 56 | 547 | 838 | -16 | -325 | -1,777 | 155 | -32 |
| EPS in Rs | -10.12 | 0.92 | -2.23 | -1.47 | -2.89 | -2.26 | 0.31 | 1.98 | -0.8 | -1.97 | -10.94 | 0.99 | -0.23 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 523 | 518 | 518 | 518 | 518 | 518 | 518 | 518 | 518 | 518 | 765 | 765 |
| Reserves | 1,097 | 1,359 | 765 | 616 | 293 | -1 | 29 | 237 | 157 | 14,710 | 3,977 | 4,153 |
| Borrowings | 1,001 | 782 | 1,307 | 2,203 | 3,045 | 3,265 | 2,554 | 2,284 | 6,069 | 8,156 | 2,960 | 3,288 |
| Other Liabilities | 3,080 | 2,929 | 2,457 | 4,172 | 4,594 | 4,834 | 5,156 | 6,101 | 7,236 | 16,498 | 795 | 790 |
| Total Liabilities | 5,701 | 5,588 | 5,046 | 7,509 | 8,450 | 8,616 | 8,257 | 9,140 | 13,980 | 39,881 | 8,498 | 8,996 |
| Fixed Assets | 2,627 | 1,680 | 1,766 | 2,907 | 2,868 | 2,973 | 2,929 | 2,876 | 3,055 | 3,681 | 1,788 | 1,753 |
| CWIP | 19 | 16 | 5 | 25 | 47 | 87 | 126 | 259 | 916 | 11,627 | 0 | 2 |
| Investments | 739 | 2,681 | 2,182 | 669 | 923 | 796 | 771 | 869 | 958 | 4,188 | 5,682 | 6,123 |
| Other Assets | 2,316 | 1,210 | 1,094 | 3,908 | 4,612 | 4,760 | 4,430 | 5,137 | 9,051 | 20,385 | 1,027 | 1,118 |
| Total Assets | 5,701 | 5,588 | 5,046 | 7,509 | 8,450 | 8,616 | 8,257 | 9,140 | 13,980 | 39,881 | 8,498 | 8,996 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -99 | 87 | -178 | 90 | -204 | 78 | 1,346 | 641 | -2,804 | -6,465 | -1,912 | -28 |
| Investing | 135 | -140 | -362 | -57 | -445 | -86 | -85 | -249 | -718 | 9,929 | -3,636 | -19 |
| Financing | -81 | -6 | 518 | 131 | 645 | -62 | -1,049 | -381 | 3,411 | 1,139 | 720 | 83 |
| Net Cash Flow | -45 | -59 | -22 | 164 | -3 | -71 | 212 | 12 | -111 | 4,603 | -4,828 | 36 |
| Free Cash Flow | -124 | -11 | -337 | 28 | -331 | -68 | 1,263 | 457 | -3,536 | -8,869 | -2,809 | -77 |
| CFO/OP | 6 | 382 | 97 | -460 | -94 | 18 | 161 | 52 | -2,143 | 987 | 540 | -1 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 72 | 85 | 78 | 255 | 93 | 105 | 99 | 72 | 76 | 69 | 35 | 119 |
| Cash Conversion Cycle | 72 | 85 | 78 | 255 | 93 | 105 | 99 | 72 | 76 | 69 | 35 | 119 |
| Working Capital Days | -78 | -263 | -383 | -216 | -99 | -88 | -62 | 1 | -32 | 173 | -141 | -503 |
| ROCE % | -4% | 2% | -4% | 0% | -1% | 7% | 10% | 16% | 2% | 0% | 1% | 3% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Network18 Media & Investments insights
61 extracted metrics + investor summaries across FY10–FY26.
Documents
1
Clarification sought from Network 18 Media & Investments Ltd
21 Aug - Exchange has sought clarification from Network 18 Media & Investments Ltd on August 21, 2026, with reference to Movement in Volume. 21 Aug - Exchange has sought clarification from Network 18 Media & Investments Ltd on August 21, 2026, with reference to Movement in Volume.
2
Board Meeting Outcome for Regulation 30 & 33 Of The SEBI (LODR) Regulations, 2015 - Outcome Of The Board Meeting
18 Apr - Board approved FY26 audited results; standalone profit ₹265.93 crore, consolidated profit ₹155.20 crore, unmodified audit opinion. 18 Apr - Board approved FY26 audited results; standalone profit ₹265.93 crore, consolidated profit ₹155.20 crore, unmodified audit opinion.
3
Audited Financial Results (Standalone And Consolidated) For The Quarter And Financial Year Ended March 31, 2026
18 Apr - Board approved FY26 audited standalone and consolidated results on Apr 18, 2026; auditors issued unmodified opinion. 18 Apr - Board approved FY26 audited standalone and consolidated results on Apr 18, 2026; auditors issued unmodified opinion.
4
Announcement under Regulation 30 (LODR)-Press Release / Media Release
18 Apr - Network18 reported Q4 FY26 results, with revenue up 9.7% YoY and News18 Marathi merger announced. 18 Apr - Network18 reported Q4 FY26 results, with revenue up 9.7% YoY and News18 Marathi merger announced.
5
Board Meeting Intimation for Audited Financial Results (Standalone And Consolidated) For The Quarter And Financial Year Ended March 31, 2026.
13 Apr - Board to meet on April 18, 2026 to approve audited FY26 standalone and consolidated results. 13 Apr - Board to meet on April 18, 2026 to approve audited FY26 standalone and consolidated results.
Frequently Asked Questions about Network18 Media & Investments
What does Network 18 Media & Investments Ltd do?
Network 18 Media & Investments is engaged in activities spanning across Digital Content, Print and Allied Businesses.(Source : 202003-01 Annual Report Page No:15)
Where is Network 18 Media & Investments Ltd (NETWORK18) listed?
Network 18 Media & Investments Ltd trades as NETWORK18 on the NSE and under code 532798 on the BSE.
Which sector does Network 18 Media & Investments Ltd belong to?
Network 18 Media & Investments Ltd is classified under the Media sector, in the Media & Entertainment industry.
What is the market capitalisation of Network 18 Media & Investments Ltd?
Network 18 Media & Investments Ltd has a market capitalisation of ₹4,074 Cr, which places it in the Small Cap band.
What is the PE ratio of Network 18 Media & Investments Ltd?
Network 18 Media & Investments Ltd trades at a PE ratio of -127.80, on earnings per share of ₹0, against a book value of ₹31.93 per share.
What is the 52-week high and low of Network 18 Media & Investments Ltd?
Over the last 52 weeks Network 18 Media & Investments Ltd has traded between ₹26.76 and ₹58.1.
What is the Return on Equity (ROE) of Network 18 Media & Investments Ltd?
Network 18 Media & Investments Ltd reported a return on equity of 3.11%. Its debt-to-equity ratio is 0.67.
Company Information
Network 18 Media & Investments is engaged in activities spanning across Digital Content, Print and Allied Businesses.(Source : 202003-01 Annual Report Page No:15)
Website network18online.com
CEO Mr. Rahul Joshi
Employees 4,886
Listed 2007-02-02
Face Value ₹ 5
Issued Size 1,54,20,00,018
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