Sun TV Network Ltd

₹ 493 -0.22%

26 May - close price

About

Sun TV Network was established in 1985 as Sumangali Publications Private Limited and was later renamed as Sun TV Network Limited. Sun TV, the flagship channel of the company, was started in 1993. STNL is primarily involved in television broadcasting. Besides, it produces/distributes movies under the banner Sun Pictures^[1]

Key Points

Business^[1]
Company is one of the largest Television Broadcasters in India operating Satellite Television Channels across six languages of Tamil, Telugu, Kannada, Malayalam, Marathi and Bangla and presently airing FM radio. The Company produces its own content / acquires the related rights. The Company is the owner of IPL franchise “SunRisers Hyderabad” & SunRisers Eastern Cape Cricket South Africa’s T20 League, and also opened a branch office in South Africa. The Company also operates an OTT platform “SUNNXT“

Website BSE NSE

Market Cap ₹ 19,456 Cr.
Current Price ₹ 493
High / Low ₹ 662 / 480
Stock P/E 13.0
Book Value ₹ 321
Dividend Yield 3.04 %
ROCE 16.5 %
ROE 12.3 %
Face Value ₹ 5.00

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Pros

Company is almost debt free.
Company has been maintaining a healthy dividend payout of 34.4%

Cons

The company has delivered a poor sales growth of 6.41% over past five years.
Working capital days have increased from 245 days to 596 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 Entertainment TV Broadcasting & Software Production

Part of BSE 500 BSE Teck Nifty 500 Nifty Media BSE Consumer Discretionary BSE 250 SmallCap Index BSE 400 MidSmallCap Index Nifty MidSmallcap 400 Nifty Smallcap 250 Nifty 500 Multicap 50:25:25 Nifty Total Market Nifty Smallcap250 Quality 50 Nifty500 Equal Weight Nifty500 LargeMidSmall Equal-Cap Weighted BSE India Sector Leaders BSE 1000 Nifty Waves BSE 500 Dividend Leaders 50 Nifty Smallcap 500

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	840	1,349	1,048	923	961	1,314	936	829	942	1,290	1,300	862	883
	343	552	321	334	438	595	395	384	527	674	546	443	492
Operating Profit	498	797	728	589	523	719	541	445	414	617	754	420	391
OPM %	59%	59%	69%	64%	54%	55%	58%	54%	44%	48%	58%	49%	44%
	91	122	112	140	142	149	172	146	184	189	140	133	33
Interest	2	3	2	2	2	2	4	4	4	4	4	3	3
Depreciation	80	90	219	115	108	113	196	113	118	108	404	113	98
Profit before tax	507	827	619	612	555	753	513	474	477	694	486	436	323
Tax %	25%	28%	25%	26%	25%	26%	20%	23%	22%	24%	27%	26%	28%
	380	592	465	454	415	560	409	364	371	529	355	324	232
EPS in Rs	9.65	15.02	11.79	11.52	10.52	14.19	10.39	9.22	9.41	13.43	8.99	8.22	5.89
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	2,395	2,474	2,646	2,963	3,783	3,520	3,177	3,585	3,772	4,282	4,015	4,335
	718	1,253	874	959	1,176	1,248	1,111	1,306	1,379	1,644	1,886	2,152
Operating Profit	1,678	1,221	1,772	2,004	2,607	2,272	2,065	2,279	2,393	2,638	2,129	2,183
OPM %	70%	49%	67%	68%	69%	65%	65%	64%	63%	62%	53%	50%
	99	677	181	165	242	260	306	256	380	515	640	493
Interest	2	2	1	1	2	13	27	33	9	9	13	14
Depreciation	615	497	400	450	663	700	404	306	486	532	539	723
Profit before tax	1,159	1,399	1,551	1,718	2,185	1,819	1,941	2,195	2,278	2,613	2,217	1,939
Tax %	32%	34%	34%	34%	34%	24%	21%	25%	25%	26%	23%	26%
	796	922	1,031	1,136	1,434	1,385	1,525	1,642	1,707	1,926	1,704	1,441
EPS in Rs	19.84	23.39	26.14	28.80	36.37	35.15	38.70	41.66	43.30	48.85	43.21	36.53
Dividend Payout %	57%	66%	38%	35%	21%	71%	13%	33%	35%	34%	35%	34%

Compounded Sales Growth
10 Years:	6%
5 Years:	6%
3 Years:	5%
TTM:	8%

Compounded Profit Growth
10 Years:	7%
5 Years:	0%
3 Years:	-4%
TTM:	-14%

Stock Price CAGR
10 Years:	3%
5 Years:	-2%
3 Years:	3%
1 Year:	-22%

Return on Equity
10 Years:	20%
5 Years:	17%
3 Years:	16%
Last Year:	12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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	197	197	197	197	197	197	197	197	197	197	197	197
Reserves	3,151	3,277	3,831	4,491	5,329	5,527	6,857	7,958	9,075	10,339	11,450	12,446
	0	0	0	0	0	0	80	95	63	38	124	106
	397	285	350	585	670	782	812	648	814	847	866	1,092
Total Liabilities	3,745	3,759	4,378	5,273	6,197	6,507	7,946	8,898	10,148	11,421	12,636	13,841
	1,179	845	1,225	1,153	1,112	1,145	946	1,791	1,729	1,707	1,572	3,395
CWIP	2	1	2	49	13	66	146	244	131	145	344	31
Investments	506	636	1,148	2,147	2,801	2,692	3,504	3,589	5,512	7,061	8,303	7,821
	2,058	2,278	2,004	1,923	2,271	2,603	3,351	3,274	2,775	2,508	2,418	2,595
Total Assets	3,745	3,759	4,378	5,273	6,197	6,507	7,946	8,898	10,148	11,421	12,636	13,841

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,162	1,299	1,296	1,371	1,824	1,656	1,464	1,634	2,096	2,171	1,663	1,802
	-518	-401	-716	-1,294	-1,113	-406	-1,152	-1,026	-1,553	-1,313	-1,064	-1,311
	-635	-737	-475	-475	-596	-1,222	-249	-603	-631	-697	-618	-525
Net Cash Flow	9	160	104	-398	115	27	63	5	-88	161	-19	-35
Free Cash Flow	723	1,259	763	856	1,270	996	1,235	504	1,775	1,660	1,280	-409
CFO/OP	92%	145%	101%	96%	98%	92%	97%	102%	112%	106%	105%	105%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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	115	115	107	131	109	142	165	149	143	107	111	121
Inventory Days
Days Payable
Cash Conversion Cycle	115	115	107	131	109	142	165	149	143	107	111	121
Working Capital Days	113	137	89	89	78	102	102	106	87	70	70	596
ROCE %	35%	32%	41%	39%	42%	30%	29%	27%	25%	26%	20%	17%

Insights

In beta

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Advertisement Revenue (Standalone)
Rs. Cr ・Standalone data

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Cricket Franchise Revenue (IPL/SA20)
Rs. Cr

Movie Distribution and Sale of Rights Revenue
Rs. Cr ・Standalone data

Number of TV Channels
Number ・Standalone data

Subscription Revenue (Standalone)
Rs. Cr ・Standalone data

Total FM Radio Stations (Network)
Number

Sun TV Flagship Channel Rank (India)
Rank ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%
	10.39%	10.57%	9.01%	8.87%	7.89%	7.23%	7.11%	6.87%	6.91%	6.71%	6.47%	6.64%
	3.67%	4.47%	6.59%	6.50%	8.23%	10.00%	10.17%	10.45%	10.35%	10.19%	10.64%	10.91%
	10.95%	9.96%	9.40%	9.62%	8.89%	7.77%	7.70%	7.67%	7.74%	8.10%	7.88%	7.46%
No. of Shareholders	1,19,044	99,895	95,362	1,00,803	1,01,517	1,10,021	1,14,865	1,03,912	1,01,793	1,07,496	1,02,067	94,106

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%
	16.24%	13.01%	9.49%	8.96%	8.98%	9.21%	10.56%	8.87%	6.87%	6.64%
	1.63%	3.85%	7.15%	7.21%	4.05%	4.18%	3.61%	6.50%	10.45%	10.91%
	7.13%	8.14%	8.36%	8.83%	11.97%	11.61%	10.83%	9.62%	7.67%	7.46%
No. of Shareholders	28,916	31,243	46,452	57,324	1,10,730	1,13,478	1,19,971	1,00,803	1,03,912	94,106

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Sun TV Network Ltd

Sun TV Network Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports

Credit ratings