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 ₹ 760 Cr.
- Current Price ₹ 990
- High / Low ₹ 1,500 / 811
- Stock P/E 11.1
- Book Value ₹ 1,883
- Dividend Yield 0.51 %
- ROCE 7.16 %
- ROE 4.95 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.53 times its book value
- Company is expected to give good quarter
- Debtor days have improved from 49.0 to 36.1 days.
Cons
- The company has delivered a poor sales growth of 10.0% over past five years.
- Company has a low return on equity of 8.69% over last 3 years.
- Dividend payout has been low at 4.17% of profits over last 3 years
- Working capital days have increased from 310 days to 723 days
* 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
Part of BSE Consumer Discretionary
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 345 | 374 | 354 | 375 | 417 | 341 | 272 | 307 | 339 | 320 | 292 | 438 | |
| 248 | 246 | 248 | 257 | 330 | 271 | 197 | 231 | 244 | 238 | 223 | 350 | |
| Operating Profit | 97 | 128 | 106 | 118 | 87 | 70 | 75 | 76 | 96 | 82 | 69 | 88 |
| OPM % | 28% | 34% | 30% | 31% | 21% | 20% | 28% | 25% | 28% | 26% | 24% | 20% |
| 1 | 4 | 14 | 14 | 20 | 12 | 49 | 48 | 44 | 166 | 38 | 16 | |
| Interest | 4 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 8 | 8 | 8 | 9 | 9 | 8 | 7 | 6 | 6 | 6 | 7 | 7 |
| Profit before tax | 86 | 123 | 111 | 123 | 97 | 74 | 116 | 118 | 134 | 241 | 99 | 97 |
| Tax % | 34% | 35% | 36% | 35% | 35% | 21% | 23% | 24% | 24% | 22% | 22% | 31% |
| 57 | 80 | 71 | 80 | 63 | 58 | 89 | 90 | 102 | 189 | 77 | 67 | |
| EPS in Rs | 75.36 | 105.24 | 93.65 | 105.32 | 83.38 | 77.10 | 117.99 | 118.32 | 134.78 | 249.28 | 102.33 | 89.04 |
| Dividend Payout % | 5% | 5% | 5% | 5% | 6% | 6% | 4% | 4% | 4% | 2% | 5% | 6% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 10% |
| 3 Years: | 9% |
| TTM: | 50% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | -5% |
| 3 Years: | -11% |
| TTM: | -11% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 2% |
| 3 Years: | -1% |
| 1 Year: | -15% |
| Return on Equity | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 9% |
| 3 Years: | 9% |
| Last Year: | 5% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| Reserves | 447 | 563 | 582 | 657 | 716 | 770 | 877 | 939 | 1,044 | 1,250 | 1,342 | 1,418 |
| 10 | 14 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 84 | 118 | 95 | 87 | 69 | 55 | 75 | 63 | 62 | 87 | 88 | 99 | |
| Total Liabilities | 549 | 702 | 686 | 752 | 793 | 832 | 960 | 1,010 | 1,113 | 1,345 | 1,438 | 1,524 |
| 71 | 73 | 126 | 138 | 132 | 128 | 120 | 110 | 111 | 110 | 106 | 105 | |
| CWIP | 1 | 0 | 11 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Investments | 171 | 393 | 285 | 387 | 497 | 419 | 508 | 508 | 662 | 974 | 1,133 | 1,002 |
| 307 | 236 | 264 | 227 | 163 | 285 | 331 | 392 | 339 | 260 | 198 | 417 | |
| Total Assets | 549 | 702 | 686 | 752 | 793 | 832 | 960 | 1,010 | 1,113 | 1,345 | 1,438 | 1,524 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 55 | 97 | 96 | 80 | 48 | -90 | 48 | 22 | 84 | 154 | 68 | -144 | |
| -22 | -39 | -31 | -112 | -102 | 86 | -40 | 33 | -106 | -131 | -109 | 147 | |
| -50 | -4 | -17 | -6 | -5 | -5 | -4 | -4 | -4 | -4 | -2 | -2 | |
| Net Cash Flow | -17 | 55 | 49 | -38 | -58 | -10 | 4 | 51 | -26 | 20 | -43 | 1 |
| Free Cash Flow | 44 | 88 | 78 | 71 | 44 | -91 | 51 | 25 | 84 | 150 | 65 | -149 |
| CFO/OP | 85% | 109% | 129% | 103% | 91% | -94% | 96% | 68% | 115% | 216% | 127% | -125% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 60 | 62 | 68 | 69 | 64 | 72 | 68 | 50 | 43 | 54 | 57 | 36 |
| Inventory Days | 158 | 68 | 128 | 128 | 48 | 66 | 125 | 132 | 47 | 61 | 109 | 441 |
| Days Payable | 18 | 37 | 37 | 50 | 24 | 18 | 87 | 27 | 27 | 33 | 47 | 41 |
| Cash Conversion Cycle | 200 | 92 | 158 | 146 | 89 | 120 | 106 | 155 | 64 | 83 | 119 | 436 |
| Working Capital Days | 100 | 2 | 48 | 55 | 58 | 217 | 138 | 145 | 98 | 121 | 84 | 723 |
| ROCE % | 19% | 24% | 19% | 20% | 14% | 10% | 14% | 11% | 13% | 21% | 8% | 7% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Advertisement revenue share of media revenue (Ad rev / (Ad rev + Sale of Publications)) % |
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| Number of newspaper editions count |
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| Permanent employees on rolls count |
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| Sandesh Digital Private Limited (subsidiary) turnover INR lakh |
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| Average newsprint cost per metric tonne INR/MT |
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| Non-print advertisement income (news channel / telecast + OOH) INR crore |
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Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Scheme of Arrangement 8m
-
Announcement under Regulation 30 (LODR)-Change in Directorate
23m - Q1 FY27 results approved; Rs5 dividend record date Aug 14, 2026; subsidiary merger approved.
-
Announcement under Regulation 30 (LODR)-Change in Management
29m - Board approved Q1 FY2026 results, Rs.5 dividend record date August 14, and merger of Sandesh Digital.
-
Results - Financial Results For The Quarter Ended June 30, 2026
36m - Board approved SDPL merger, fixed August 14 record date, and announced Q1 FY27 results with Rs.5 dividend.
-
Corporate Action - Fixing Of Record Date
47m - Board approved SDPL merger, fixed August 14, 2026 dividend record date, and reported Q1 FY27 results.
Annual reports
-
Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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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
from bse
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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
-
Financial Year 2012
from bse
-
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.