Sandesh Ltd
Incorporated in 1943, Sandesh Ltd is in
the business of editing, printing, and publishing newspapers and periodicals, and also runs a Gujarati news channel[1]
- Market Cap ₹ 880 Cr.
- Current Price ₹ 1,163
- High / Low ₹ 1,875 / 1,000
- Stock P/E 10.4
- Book Value ₹ 1,783
- Dividend Yield 0.42 %
- ROCE 7.57 %
- ROE 5.91 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.65 times its book value
Cons
- The company has delivered a poor sales growth of -3.04% over past five years.
- Company has a low return on equity of 10.5% over last 3 years.
- Earnings include an other income of Rs.109 Cr.
- Dividend payout has been low at 3.53% of profits over last 3 years
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Media, Entertainment & Publication Media Print Media
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
313 | 345 | 374 | 354 | 375 | 417 | 341 | 272 | 307 | 339 | 320 | 292 | 297 | |
230 | 248 | 246 | 248 | 257 | 330 | 271 | 197 | 231 | 244 | 238 | 223 | 292 | |
Operating Profit | 83 | 97 | 128 | 106 | 118 | 87 | 70 | 75 | 76 | 96 | 82 | 69 | 5 |
OPM % | 26% | 28% | 34% | 30% | 31% | 21% | 20% | 28% | 25% | 28% | 26% | 24% | 2% |
1 | 1 | 4 | 14 | 14 | 20 | 12 | 49 | 48 | 44 | 166 | 38 | 109 | |
Interest | 8 | 4 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 8 | 8 | 8 | 8 | 9 | 9 | 8 | 7 | 6 | 6 | 6 | 7 | 7 |
Profit before tax | 68 | 86 | 123 | 111 | 123 | 97 | 74 | 116 | 118 | 134 | 241 | 99 | 107 |
Tax % | 33% | 34% | 35% | 36% | 35% | 35% | 21% | 23% | 24% | 24% | 22% | 22% | |
46 | 57 | 80 | 71 | 80 | 63 | 58 | 89 | 90 | 102 | 189 | 77 | 85 | |
EPS in Rs | 60.52 | 75.36 | 105.24 | 93.65 | 105.32 | 83.38 | 77.10 | 117.99 | 118.32 | 134.78 | 249.28 | 102.33 | 112.70 |
Dividend Payout % | 7% | 5% | 5% | 5% | 5% | 6% | 6% | 4% | 4% | 4% | 2% | 5% |
Compounded Sales Growth | |
---|---|
10 Years: | -2% |
5 Years: | -3% |
3 Years: | -2% |
TTM: | -6% |
Compounded Profit Growth | |
---|---|
10 Years: | 3% |
5 Years: | 6% |
3 Years: | 1% |
TTM: | -59% |
Stock Price CAGR | |
---|---|
10 Years: | 5% |
5 Years: | 18% |
3 Years: | 16% |
1 Year: | -34% |
Return on Equity | |
---|---|
10 Years: | 10% |
5 Years: | 10% |
3 Years: | 11% |
Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
Reserves | 393 | 447 | 563 | 582 | 657 | 716 | 770 | 877 | 939 | 1,044 | 1,250 | 1,342 |
56 | 10 | 14 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
90 | 84 | 118 | 95 | 87 | 69 | 55 | 75 | 63 | 62 | 87 | 88 | |
Total Liabilities | 547 | 549 | 702 | 686 | 752 | 793 | 832 | 960 | 1,010 | 1,113 | 1,345 | 1,438 |
68 | 71 | 73 | 126 | 138 | 132 | 128 | 120 | 110 | 111 | 110 | 106 | |
CWIP | 0 | 1 | 0 | 11 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
Investments | 159 | 171 | 393 | 285 | 387 | 497 | 419 | 508 | 508 | 662 | 974 | 1,133 |
319 | 307 | 236 | 264 | 227 | 163 | 285 | 331 | 392 | 339 | 260 | 198 | |
Total Assets | 547 | 549 | 702 | 686 | 752 | 793 | 832 | 960 | 1,010 | 1,113 | 1,345 | 1,438 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
28 | 55 | 97 | 96 | 80 | 48 | -90 | 48 | 22 | 84 | 154 | 68 | |
-2 | -22 | -39 | -31 | -112 | -102 | 86 | -40 | 33 | -106 | -131 | -109 | |
-15 | -50 | -4 | -17 | -6 | -5 | -5 | -4 | -4 | -4 | -4 | -2 | |
Net Cash Flow | 11 | -17 | 55 | 49 | -38 | -58 | -10 | 4 | 51 | -26 | 20 | -43 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 60 | 60 | 62 | 68 | 69 | 64 | 72 | 68 | 50 | 43 | 54 | 57 |
Inventory Days | 87 | 158 | 68 | 128 | 128 | 48 | 66 | 125 | 132 | 47 | 61 | 109 |
Days Payable | 36 | 18 | 37 | 37 | 50 | 24 | 18 | 87 | 27 | 27 | 33 | 47 |
Cash Conversion Cycle | 111 | 200 | 92 | 158 | 146 | 89 | 120 | 106 | 155 | 64 | 83 | 119 |
Working Capital Days | 38 | 100 | 2 | 48 | 55 | 58 | 217 | 138 | 145 | 98 | 121 | 84 |
ROCE % | 17% | 19% | 24% | 19% | 20% | 14% | 10% | 14% | 11% | 13% | 21% | 8% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Publication for opening of a Special Window - Intimation under Regulation 30 of the SEBI (LODR) Regulations, 2015
-
Closure of Trading Window
30 Sep - Trading window closed Oct 1, 2025 until 48 hours after Sep 30, 2025 Q2/H1 results availability.
-
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
26 Sep - All AGM resolutions passed Sep 25, 2025: final dividend Rs2.50/share; director and auditor appointments; CMD continuation.
-
Resolutions Passed At The 82Nd Annual General Meeting
25 Sep - AGM approved FY2024-25 financials, final dividend Rs2.50/share payable Oct 10, 2025; director reappointments; CMD continuation.
-
Announcement under Regulation 30 (LODR)-Dividend Updates
25 Sep - AGM approved FY25 results; final dividend Rs2.50/share payable Oct 10, 2025; CMD continuation and director reappointment.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from nse
Business Overview:[1][2]
TSL, part of the Sandesh group, is one of the top three print media players in Gujarat and publishes the Gujarati daily newspaper Sandesh. With printing presses in Ahmedabad, Vadodara, Surat, Rajkot, Bhavnagar, and Bhuj, it circulates across Gujarat and Mumbai. The company also runs the Gujarati TV news channel "Sandesh Telecast" and offers an e-paper via its web portal and mobile app.