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 ₹ 768 Cr.
- Current Price ₹ 1,015
- High / Low ₹ 1,275 / 811
- Stock P/E 6.94
- Book Value ₹ 1,883
- Dividend Yield 0.49 %
- ROCE 7.16 %
- ROE 4.95 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.54 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.
- Earnings include an other income of Rs.132 Cr.
- Dividend payout has been low at 4.17% of profits over last 3 years
- Working capital days have increased from 146 days to 232 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 345 | 374 | 354 | 375 | 417 | 341 | 272 | 307 | 339 | 320 | 292 | 438 | 822 | |
| 248 | 246 | 248 | 257 | 330 | 271 | 197 | 231 | 244 | 238 | 223 | 350 | 811 | |
| Operating Profit | 97 | 128 | 106 | 118 | 87 | 70 | 75 | 76 | 96 | 82 | 69 | 88 | 11 |
| OPM % | 28% | 34% | 30% | 31% | 21% | 20% | 28% | 25% | 28% | 26% | 24% | 20% | 1.3% |
| 1 | 4 | 14 | 14 | 20 | 12 | 49 | 48 | 44 | 166 | 38 | 16 | 132 | |
| Interest | 4 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 8 | 8 | 8 | 9 | 9 | 8 | 7 | 6 | 6 | 6 | 7 | 7 | 7 |
| Profit before tax | 86 | 123 | 111 | 123 | 97 | 74 | 116 | 118 | 134 | 241 | 99 | 97 | 136 |
| 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 | 109 | |
| 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 | 143.88 |
| 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: | 177% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | -5% |
| 3 Years: | -11% |
| TTM: | 31% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | 5% |
| 3 Years: | -1% |
| 1 Year: | -16% |
| 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 | 232 |
| 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)-Newspaper Publication
-
Reg. 34 (1) Annual Report.
- 83rd AGM on Sept 15, 2026; FY26 annual report sent, Rs 5 dividend proposed, CMD reappointment and borrowing approvals sought.
- 83Rd Annual General Meeting
-
Reg. 34 (1) Annual Report.
- 83rd AGM on Sept 15, 2026; Rs5 dividend, CMD reappointment, and borrowing-limit approvals proposed.
-
83Rd Annual General Meeting Of The Company
- Sandesh issues FY2025-26 annual report, AGM notice for September 15, 2026, and proposes ₹5 dividend.
Annual reports
-
Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
from bse
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Annual Report 2023
from bse
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Annual Report 2022
from bse
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Annual Report 2021
from bse
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Annual Report 2020
from bse
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Annual Report 2019
from bse
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Annual Report 2018
from bse
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Annual Report 2017
from bse
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Annual Report 2016
from bse
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Annual Report 2015
from bse
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Annual Report 2014
from bse
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Annual Report 2013
from bse
-
Annual Report 2012
from bse
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.