Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹616 Cr.
Stock P/E
30.5
P/B
0.7
Current Price
₹103.3
Book Value
₹ 151
Face Value
5
52W High
₹158
52W Low
₹ 94.1
Dividend Yield
0%

TV Today Network Overview

Business

TV Today Network Ltd. is an Indian media company primarily engaged in television broadcasting. Its core business revolves around operating news channels across various languages and platforms. The company creates and curates news and current affairs content, broadcasting it to a wide audience. It primarily makes money through advertising revenue generated from commercial spots on its channels, complemented by subscription revenue from distribution platforms.

Revenue Mix

The company's primary business segment is Television Broadcasting. The bulk of its revenue is derived from:

Advertising Revenue: Sales of advertising spots on its various news channels (e.g., Aaj Tak, India Today TV, Good News Today). This is the dominant revenue stream.

Subscription Revenue: Fees received from cable operators and DTH (Direct-to-Home) service providers for carrying its channels.

Digital and Syndication: Revenue from digital properties and content syndication is an emerging area.

Industry

TV Today Network operates in the highly competitive and fragmented Indian TV broadcasting industry, specifically within the news segment. The industry is characterized by a large number of national and regional players, intense viewership battles, and regulatory oversight. TV Today Network holds a strong position, particularly with its flagship Hindi news channel, Aaj Tak, which is consistently a market leader in terms of viewership and brand recall. Its English news channel, India Today TV, also has a prominent presence. The company leverages its long-standing brand legacy and journalistic reputation.

MOAT

Brand Strength: Aaj Tak is an exceptionally strong and recognized brand in Indian news broadcasting, enjoying high viewer trust and recall. This strong brand equity provides a significant advantage in attracting and retaining viewership and advertisers.

Scale and Reach: With a leading position in the Hindi news market, the company commands significant reach across India, making it an attractive platform for advertisers.

Content & Legacy: A long history of news reporting and a perceived reputation for journalistic quality contributes to its viewer loyalty.

Growth Drivers

Advertising Market Growth: Overall growth in the Indian advertising market, driven by economic expansion and increased corporate spending, can boost ad revenues.

Digital Expansion: Increased focus on digital platforms (OTT, web, social media) to reach younger demographics and diversify revenue streams.

Major Events: Election cycles, major sporting events, or significant national/international news events typically drive a surge in news viewership and associated advertising.

Regional Focus: Potential to expand into more regional news markets or deepen existing regional penetration.

Risks

Intense Competition: High competition from numerous existing and new news channels, as well as digital-first news platforms, can put pressure on viewership and ad rates.

Advertising Market Volatility: Reliance on advertising revenue makes the company susceptible to economic downturns, changes in advertiser spending patterns, and the ongoing shift of ad budgets to digital platforms.

Regulatory Changes: Strict government regulations on content, broadcasting norms, and licensing can impact operations and profitability.

Technological Disruption: Cord-cutting and the shift in news consumption habits towards digital platforms and mobile devices pose a long-term challenge to traditional TV viewership.

Content Costs & Talent Retention: High costs associated with quality content production and retaining key journalistic talent are ongoing operational challenges.

Management & Ownership

TV Today Network Ltd. is part of the India Today Group, a prominent media conglomerate in India. It is promoted by Living Media India Ltd., which holds a significant stake in the company. The management team operates under the broader umbrella of the India Today Group, benefiting from the group's extensive experience and resources in the media industry.

Outlook

TV Today Network holds a strong market position with its leading news brands like Aaj Tak, which provides a solid foundation. The company's ability to maintain its dominant viewership share in linear TV, coupled with successful diversification and monetization of its content across digital platforms, will be crucial. While the traditional TV advertising market faces headwinds from digital migration and economic cycles, the company's strong brand and potential for digital growth offer opportunities. However, intense competition, evolving consumer habits, and regulatory landscape remain significant challenges that necessitate strategic adaptation and innovation.

TV Today Network Share Price

Live · BSE / NSE · Inception: 1999
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

TV Today Network Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 247 309 207 232 249 197 188 212 213 206
Other Income 9 10 13 11 12 11 10 7 14 6
Total Income 256 319 219 243 261 208 197 220 227 213
Total Expenditure 224 237 198 220 245 190 184 200 209 190
Operating Profit 33 82 22 23 17 18 13 20 18 22
Interest 1 1 1 1 1 0 0 0 1 0
Depreciation 9 8 9 8 8 8 8 7 8 8
Exceptional Income / Expenses 0 0 0 0 0 0 -8 -12 3 0
Profit Before Tax 23 73 11 15 8 10 -2 -0 12 14
Provision for Tax 6 19 3 4 2 3 -0 2 3 4
Profit After Tax 17 54 8 11 6 7 -2 -2 9 10
Adjustments -6 -3 0 -2 -0 0 0 2 -0 0
Profit After Adjustments 11 51 8 9 6 7 -2 -0 9 10
Adjusted Earnings Per Share 1.9 8.6 1.4 1.5 1 1.2 -0.3 -0 1.5 1.7

TV Today Network Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 582 652 721 742 857 783 930 878 936 993 809 819
Other Income 21 21 25 37 43 37 48 44 38 46 41 37
Total Income 602 674 746 779 901 820 978 922 974 1039 850 857
Total Expenditure 420 490 513 543 641 584 690 747 839 893 778 783
Operating Profit 182 184 232 236 259 236 288 175 135 146 72 73
Interest 6 8 4 1 3 2 3 3 3 2 2 1
Depreciation 31 29 31 32 39 40 42 41 35 32 31 31
Exceptional Income / Expenses -30 9 -14 0 0 0 0 -10 0 0 -9 -17
Profit Before Tax 115 155 183 204 218 194 243 120 97 111 30 24
Provision for Tax 53 54 64 73 79 62 62 32 26 28 10 9
Profit After Tax 62 100 119 131 139 132 182 88 71 83 20 15
Adjustments 2 2 0 0 0 0 0 0 -15 -8 -6 2
Profit After Adjustments 63 102 119 131 139 132 182 88 56 75 14 17
Adjusted Earnings Per Share 10.6 17.1 19.9 22 23.4 22 30.4 14.8 9.5 12.5 2.4 2.9

TV Today Network Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 472 581 662 896 872 991 1158 828 867 891 891
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 11 5 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities -5 -3 -1 -50 -2 6 18 16 7 -5 -4
Total Current Liabilities 155 170 223 242 271 251 286 249 256 287 230
Total Liabilities 633 753 884 1088 1141 1248 1461 1093 1131 1173 1117
Fixed Assets 214 199 253 242 239 222 225 212 191 150 342
Other Non-Current Assets 39 46 111 41 68 163 48 16 19 151 132
Total Current Assets 380 508 520 804 833 863 1188 865 922 854 625
Total Assets 633 753 884 1088 1141 1248 1461 1093 1131 1173 1117

TV Today Network Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 60 12 13 20 27 44 26 28 14 36 22
Cash Flow from Operating Activities -36 120 152 125 201 166 235 41 15 122 10
Cash Flow from Investing Activities -0 -103 -94 -104 -15 -166 -211 371 35 -74 20
Cash Flow from Financing Activities -13 -16 -59 -14 -168 -17 -22 -427 -28 -61 -28
Net Cash Inflow / Outflow -49 1 -0 7 17 -17 2 -15 22 -14 3
Closing Cash & Cash Equivalent 12 13 12 27 44 26 28 14 36 22 24

TV Today Network Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 10.62 17.13 19.94 21.97 23.36 22.04 30.42 14.79 9.45 12.49 2.41
CEPS(Rs) 15.53 21.76 25.21 27.26 29.81 28.77 37.52 21.71 17.84 19.27 8.51
DPS(Rs) 1.75 2 2.25 2.25 22.25 2.5 3 70 8.5 3 0
Book NAV/Share(Rs) 79.14 97.4 110.92 150.17 146.17 166.03 194.06 138.86 145.39 149.38 149.32
Core EBITDA Margin(%) 27.8 24.9 28.8 26.89 25.19 25.43 25.84 14.95 10.37 10.08 3.83
EBIT Margin(%) 20.82 24.99 25.96 27.59 25.75 25.04 26.45 14.09 10.6 11.43 3.95
Pre Tax Margin(%) 19.72 23.7 25.44 27.47 25.42 24.73 26.16 13.7 10.32 11.19 3.7
PAT Margin (%) 10.62 15.4 16.5 17.66 16.26 16.79 19.52 10.05 7.59 8.33 2.5
Cash Profit Margin (%) 15.93 19.9 20.86 21.91 20.75 21.92 24.07 14.75 11.37 11.58 6.28
ROA(%) 8.82 14.5 14.53 13.3 12.51 11.01 13.4 6.91 6.38 7.18 1.77
ROE(%) 13.4 19.08 19.14 16.83 15.77 14.12 16.9 8.89 8.37 9.41 2.27
ROCE(%) 24.85 28.76 29.3 26.24 24.93 21.06 22.9 12.46 11.71 12.91 3.58
Receivable days 90.2 92.39 92.24 90.86 86.17 97.78 76.78 83.99 95.28 96.95 116.02
Inventory Days 0.89 0.84 0.83 1.03 0.76 0 0 0 0 0 0
Payable days 6319.05 9565.67 0 9388.43 0 0 0 0 0 0 0
PER(x) 29.11 15.05 24.56 14.33 7.08 12.1 12.18 12.23 22.4 12.52 41.16
Price/Book(x) 3.91 2.65 4.42 2.1 1.13 1.61 1.91 1.3 1.46 1.05 0.66
Dividend Yield(%) 0.57 0.78 0.46 0.71 13.46 0.94 0.81 38.68 4.02 1.92 0
EV/Net Sales(x) 2.96 2.01 3.78 2.14 0.99 1.7 2.18 1.16 1.08 0.65 0.68
EV/Core EBITDA(x) 9.44 7.13 11.72 6.74 3.26 5.63 7.04 5.81 7.52 4.46 7.7
Net Sales Growth(%) 26.39 12.15 10.52 2.96 15.49 -8.66 18.79 -5.58 6.57 6.1 -18.56
EBIT Growth(%) -9.39 34.63 14.79 9.42 7.82 -11.18 25.44 -49.71 -19.77 14.4 -71.89
PAT Growth(%) -31.61 62.65 18.39 10.23 6.3 -5.64 38.03 -51.39 -19.55 16.51 -75.53
EPS Growth(%) -21.81 61.31 16.36 10.21 6.3 -5.64 38.03 -51.39 -36.11 32.19 -80.75
Debt/Equity(x) 0.1 0.06 0 0 0 0 0 0 0 0 0
Current Ratio(x) 2.46 2.98 2.33 3.33 3.07 3.44 4.16 3.48 3.6 2.98 2.71
Quick Ratio(x) 2.5 2.97 2.4 3.32 3.07 3.44 4.16 3.48 3.6 2.98 2.71
Interest Cover(x) 18.91 19.38 50.1 248.79 78.01 80.36 93.17 37.04 37.17 46.92 15.96
Total Debt/Mcap(x) 0.02 0.02 0 0 0 0 0 0 0 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -19% -3% +1% +3%
Operating Profit CAGR -51% -26% -21% -9%
PAT CAGR -76% -39% -31% -11%
Share Price CAGR -29% -23% -19% -11%
ROE Average +2% +7% +9% +13%
ROCE Average +4% +9% +13% +20%

TV Today Network Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 63.21 %
FII 3.83 %
DII (MF + Insurance) 0.09 %
Public (retail) 32.87 %
# Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
Promoter 58.4558.4558.4558.4558.4558.4563.2163.2163.2163.21
FII 1.583.73.844.725.155.225.144.534.043.83
DII 12.9810.9710.749.448.857.93.10.070.090.09
Public 26.9826.8726.9627.3827.5428.4328.5432.1832.6632.87
Others 0000000000
Total 100100100100100100100100100100

TV Today Network Peer Comparison

TV Broadcasting & Software Production Edit Columns

TV Today Network Quarterly Price

10-year quarterly close · BSE
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News & Updates

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TV Today Network Pros & Cons

Pros

  • Stock is trading at 0.7 times its book value
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 7% over the last 3 years.
  • The company has delivered a poor profit growth of -31% over past five years.
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