---
title: "TV18 Broadcast Ltd(Merged) (TV18BRDCST) — Share Price, Financials & Analysis"
symbol: "TV18BRDCST"
company: "TV18 Broadcast Ltd(Merged)"
canonical: "https://tapetide.com/stocks/TV18BRDCST"
nse_symbol: "TV18BRDCST"
sector: "Consumer Discretionary"
industry: "Entertainment"
generated_at: "2026-09-13T19:08:45.787Z"
---

# TV18 Broadcast Ltd(Merged) (TV18BRDCST)

Canonical page: https://tapetide.com/stocks/TV18BRDCST

## Company

- **NSE Symbol:** TV18BRDCST
- **Sector:** Consumer Discretionary
- **Industry:** Entertainment
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** DELISTED
- **Listed Since:** 2007-02-08
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** nw18.com

## About

TV18 Broadcast is engaged in activities spanning across Broadcasting, Digital Content and Allied Businesses.(Source : 202003-01 Annual Report Page No:15)

## Latest Price

- **Price:** ₹45.27
- **Change:** 0 (0%)
- **Open:** ₹42.7
- **Day High:** ₹45.95
- **Day Low:** ₹42.7
- **Previous Close:** ₹45.27
- **Volume:** 0
- **As Of:** 2024-10-15T10:29:58+00:00

## Key Insights

### Strengths

- Stock is trading at 0.45 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of 3.25% over last 3 years.
- Earnings include an other income of Rs.745 Cr.
- Working capital days have increased from 240 days to 424 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -213% | — | — |
| revenue growth | 13% | 26% | 13% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1308 | 1567 | 1496 | 1265 | 1473 | 1768 | 1406 | 3176 | 1794 | 1676 | 2330 | 3069 |
| Expenses | 1066 | 1212 | 1242 | 1207 | 1433 | 1749 | 1329 | 3230 | 1992 | 1822 | 2491 | 3178 |
| Operating Profit | 242 | 355 | 254 | 58 | 41 | 19 | 77 | -54 | -198 | -146 | -161 | -109 |
| OPM % | 18 | 23 | 17 | 4.6 | 2.8 | 1.1 | 5 | -1.7 | -11 | -9 | -7 | -3.6 |
| Other Income | 27 | 38 | 30 | 39 | 22 | 69 | 40 | 220 | 210 | 181 | 180 | 174 |
| Interest | 9 | 9 | 10 | 11 | 25 | 31 | 50 | 36 | 34 | 40 | 77 | 113 |
| Depreciation | 29 | 28 | 27 | 26 | 28 | 33 | 35 | 39 | 50 | 46 | 68 | 69 |
| Profit before tax | 231 | 356 | 247 | 60 | 10 | 24 | 33 | 89 | -72 | -50 | -127 | -117 |
| Tax % | 0 | 12 | 11 | 0 | -5 | -56 | 40 | -2 | -9 | 11 | 8 | 3 |
| Net Profit | 231 | 312 | 221 | 60 | 10 | 38 | 20 | 91 | -65 | -56 | -137 | -120 |
| EPS in Rs | 0.82 | 1.17 | 0.84 | 0.2 | 0.03 | 0.24 | 0.21 | 0.26 | -0.17 | -0.07 | -0.3 | -0.29 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 925 | 979 | 1475 | 4943 | 5175 | 4498 | 5526 | 5912 | 8976 | 8869 |
| Expenses | 794 | 948 | 1416 | 4629 | 4470 | 3690 | 4488 | 5719 | 9535 | 9483 |
| Operating Profit | 131 | 31 | 59 | 314 | 705 | 808 | 1038 | 193 | -559 | -614 |
| OPM % | 14 | 3.2 | 4 | 6 | 14 | 18 | 19 | 3.3 | -6 | -7 |
| Other Income | 34 | 43 | 98 | 71 | 104 | 122 | 129 | 173 | 791 | 745 |
| Interest | 19 | 22 | 27 | 101 | 142 | 88 | 38 | 116 | 187 | 263 |
| Depreciation | 35 | 56 | 69 | 132 | 166 | 139 | 113 | 123 | 203 | 233 |
| Profit before tax | 112 | -4 | 61 | 152 | 502 | 703 | 1016 | 127 | -159 | -365 |
| Tax % | 3 | 599 | 85 | -39 | 17 | -6 | 9 | -1 | 5 | — |
| Net Profit | 195 | 6 | 9 | 210 | 417 | 746 | 926 | 128 | -167 | -378 |
| EPS in Rs | 1.14 | 0.04 | 0.06 | 0.97 | 1.41 | 2.66 | 3.41 | 0.68 | -0.28 | -0.83 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 343 | 343 | 343 | 343 | 343 | 343 | 343 | 343 | 343 | 343 |
| Reserves | 3105 | 3710 | 2988 | 2997 | 3155 | 3391 | 3848 | 4437 | 4336 | 16786 |
| Borrowings | 501 | 230 | 273 | 1002 | 1620 | 1775 | 1030 | 789 | 4386 | 6214 |
| Other Liabilities | 786 | 465 | 366 | 2430 | 2764 | 2900 | 3001 | 3628 | 4704 | 16551 |
| Total Liabilities | 4735 | 4748 | 3970 | 6772 | 7882 | 8409 | 8222 | 9197 | 13768 | 39894 |
| Fixed Assets | 1987 | 1020 | 1117 | 2289 | 2252 | 2360 | 2321 | 2274 | 2454 | 14845 |
| CWIP | 9 | 15 | 4 | 25 | 47 | 87 | 126 | 259 | 912 | 104 |
| Investments | 514 | 2513 | 1825 | 353 | 380 | 420 | 489 | 580 | 647 | 3840 |
| Other Assets | 2225 | 1200 | 1023 | 4105 | 5202 | 5542 | 5286 | 6083 | 9755 | 21105 |
| Total Assets | 4735 | 4748 | 3970 | 6772 | 7882 | 8409 | 8222 | 9197 | 13768 | 39894 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -110 | 133 | 63 | 158 | -126 | 153 | 1319 | 593 | -2718 | -6378 |
| Cash from Investing Activity | 24 | -118 | -108 | -19 | -389 | -187 | -99 | -293 | -706 | -5138 |
| Cash from Financing Activity | -39 | -20 | 30 | 25 | 520 | -32 | -1008 | -293 | 3317 | 1018 |
| Net Cash Flow | -125 | -5 | -15 | 164 | 5 | -65 | 212 | 8 | -107 | -10499 |
| Free Cash Flow | -107 | 63 | -79 | 102 | -247 | 9 | 1238 | 409 | -3444 | -8770 |
| CFO/OP | -27 | 171 | 408 | 389 | 7 | 24 | 152 | 49 | -1479 | 1145 |

### Ratios

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 85 | 110 | 92 | 300 | 91 | 105 | 100 | 72 | 76 | 69 |
| Cash Conversion Cycle | 85 | 110 | 92 | 300 | 91 | 105 | 100 | 72 | 76 | 69 |
| Working Capital Days | 101 | 110 | 55 | 165 | 65 | 79 | 138 | 173 | 123 | 424 |
| ROCE % | 5 | 3 | 0 | 2 | 5 | 11 | 12 | 16 | 3 | 0 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Jun 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 60.4% | 60.4% | 60.4% | 60.4% | 60.4% | 60.4% | 60.4% | 60.4% | 60.4% |
| FIIs | 11.73% | 11.4% | 12.98% | 13.06% | 12.11% | 12.75% | 8.54% | 7.36% | 7.38% |
| DIIs | 4.88% | 5.03% | 4.36% | 1.87% | 0.08% | 1.36% | 1.63% | 4.17% | 1.66% |
| Government | 0.81% | 0.52% | 0.52% | 0.52% | 0.52% | 0% | 0% | 0% | 0% |
| Public | 22.17% | 20.93% | 20.03% | 24.14% | 26.88% | 25.49% | 29.43% | 28.08% | 30.56% |
| Others | 0% | 1.71% | 1.71% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 98886 | 109842 | 121493 | 127936 | 175001 | 284621 | 384298 | 474493 | 500117 |

### Quarterly

| Category | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 60.4% | 60.4% | 60.4% | 60.4% | 60.4% | 60.4% | 60.4% | 60.4% | 60.4% | 60.4% | 60.4% | 60.4% |
| FIIs | 12.17% | 14.09% | 12.75% | 10.25% | 9.85% | 8.58% | 8.54% | 8.5% | 8.55% | 7.46% | 7.36% | 7.38% |
| DIIs | 0.19% | 0.19% | 1.36% | 1.72% | 1.6% | 1.6% | 1.63% | 2.74% | 3.1% | 4.14% | 4.17% | 1.66% |
| Government | 0% | 0% | 0% | 0% | 0.01% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 27.24% | 25.32% | 25.49% | 27.63% | 28.14% | 29.41% | 29.43% | 28.36% | 27.94% | 28% | 28.08% | 30.56% |
| No. of Shareholders | 211655 | 228756 | 284621 | 387538 | 390798 | 390011 | 384298 | 364592 | 378951 | 412551 | 474493 | 500117 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 7 / 6 / 6

### Moving Averages — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 42.78 | Buy |
| EMA (10) | 43.69 | Buy |
| SMA (20) | 44.08 | Buy |
| EMA (20) | 44.3 | Buy |
| SMA (50) | 46.51 | Sell |
| EMA (50) | 45.33 | Sell |
| SMA (100) | 44.92 | Buy |
| EMA (100) | 45.83 | Sell |
| SMA (200) | 49.04 | Sell |
| EMA (200) | 45.92 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 52.03 | Neutral |
| MACD (12,26,9) | -0.9 | Buy |
| Stochastic (14,3,3) | 61.22 | Neutral |
| ADX (14) | 16.67 | Neutral |
| Williams %R (14) | -25.69 | Neutral |
| ATR (14) | 2.08 | High Volatility |
| ROC (12) | 1.18 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 58.41 | Neutral |

## Filings & Documents

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2011 from nse](https://archives.nseindia.com/annual_reports/AR_TV18BRDCST_2010_2011_12092011054848.zip) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9f8cda6d-643b-4ed7-aa5d-e17dfa16fb5d.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/532800/76929532800.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/532800/71595532800.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/532800/65245532800.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/532800/5328000319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/532800/5328000318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/532800/5328000317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/532800/5328000316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/532800/5328000315.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Feb 2020 | [Concall - Feb 2020](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=81eebbfb-e5be-473b-bec3-7639458ce2a0.pdf) |
| Feb 2020 | [Concall - Feb 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/81eebbfb-e5be-473b-bec3-7639458ce2a0.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:08:45.787Z.