Zee Media Corporation Ltd
Incorporated in 1999, ZEE Media Corporation Ltd is in the news publishing and broadcasting business[1]
- Market Cap ₹ 497 Cr.
- Current Price ₹ 8.00
- High / Low ₹ 16.5 / 7.10
- Stock P/E 64.1
- Book Value ₹ 6.34
- Dividend Yield 0.00 %
- ROCE -17.4 %
- ROE -24.1 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is expected to give good quarter
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -4.05% over past five years.
- Promoter holding is low: 9.48%
- Company has a low return on equity of -12.8% over last 3 years.
- Contingent liabilities of Rs.550 Cr.
- Company's cost of borrowing seems high
* 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.
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 305 | 380 | 384 | 398 | 510 | 607 | 559 | 573 | 655 | 517 | 458 | 455 | 576 | |
| 283 | 338 | 325 | 312 | 407 | 479 | 414 | 391 | 483 | 453 | 506 | 484 | 481 | |
| Operating Profit | 22 | 42 | 58 | 86 | 103 | 129 | 145 | 182 | 172 | 64 | -49 | -29 | 95 |
| OPM % | 7% | 11% | 15% | 22% | 20% | 21% | 26% | 32% | 26% | 12% | -11% | -6% | 17% |
| 26 | 10 | 14 | 11 | 14 | -92 | -317 | -8 | 41 | -19 | 15 | 17 | 8 | |
| Interest | 10 | 13 | 13 | 15 | 17 | 18 | 24 | 24 | 37 | 27 | 23 | 30 | 22 |
| Depreciation | 15 | 29 | 27 | 26 | 40 | 47 | 72 | 65 | 68 | 63 | 57 | 94 | 86 |
| Profit before tax | 23 | 10 | 32 | 56 | 59 | -29 | -267 | 85 | 109 | -45 | -113 | -136 | -5 |
| Tax % | 17% | 41% | 31% | 32% | 31% | 92% | 8% | 30% | 24% | 1% | -24% | -26% | |
| 19 | 6 | 22 | 38 | 41 | -55 | -289 | 59 | 84 | -45 | -86 | -100 | 9 | |
| EPS in Rs | 0.60 | 0.13 | 0.47 | 0.81 | 0.86 | -1.17 | -6.13 | 1.26 | 1.34 | -0.72 | -1.37 | -1.60 | 0.13 |
| Dividend Payout % | 0% | 0% | 30% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | -4% |
| 3 Years: | -11% |
| TTM: | 22% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 110% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -8% |
| 5 Years: | 3% |
| 3 Years: | -7% |
| 1 Year: | -43% |
| Return on Equity | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | -3% |
| 3 Years: | -13% |
| Last Year: | -24% |
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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 24 | 36 | 44 | 47 | 47 | 47 | 47 | 47 | 63 | 63 | 63 | 63 | 63 |
| Reserves | 198 | 368 | 572 | 595 | 631 | 576 | 286 | 436 | 545 | 500 | 414 | 364 | 334 |
| 111 | 133 | 112 | 109 | 125 | 194 | 118 | 363 | 238 | 197 | 243 | 172 | 106 | |
| 90 | 90 | 112 | 184 | 199 | 195 | 231 | 193 | 193 | 204 | 358 | 428 | 476 | |
| Total Liabilities | 423 | 628 | 840 | 935 | 1,002 | 1,012 | 682 | 1,040 | 1,040 | 964 | 1,078 | 1,027 | 978 |
| 124 | 106 | 93 | 145 | 206 | 200 | 246 | 221 | 178 | 155 | 397 | 305 | 265 | |
| CWIP | 3 | 2 | 12 | 23 | 6 | 0 | 0 | 0 | 1 | 2 | 0 | 1 | 0 |
| Investments | 12 | 310 | 466 | 522 | 549 | 496 | 133 | 133 | 342 | 433 | 407 | 403 | 383 |
| 284 | 210 | 269 | 245 | 241 | 316 | 303 | 685 | 518 | 374 | 273 | 317 | 330 | |
| Total Assets | 423 | 628 | 840 | 935 | 1,002 | 1,012 | 682 | 1,040 | 1,040 | 964 | 1,078 | 1,027 | 978 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24 | 30 | 50 | 105 | 66 | 37 | 125 | 122 | 115 | 139 | 62 | 52 | |
| -52 | -19 | -185 | -100 | -99 | -82 | -11 | -37 | -50 | -74 | 23 | -2 | |
| 36 | 6 | 157 | -32 | -15 | 34 | -50 | -28 | -118 | -90 | -91 | -47 | |
| Net Cash Flow | 8 | 18 | 22 | -27 | -48 | -11 | 65 | 57 | -54 | -25 | -6 | 4 |
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 | 95 | 82 | 85 | 116 | 113 | 111 | 120 | 138 | 123 | 79 | 135 | 138 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 95 | 82 | 85 | 116 | 113 | 111 | 120 | 138 | 123 | 79 | 135 | 138 |
| Working Capital Days | 111 | 2 | 1 | -50 | -27 | 1 | 29 | 206 | 129 | -78 | -230 | -195 |
| ROCE % | 11% | 6% | 7% | 10% | 10% | 11% | 13% | 19% | 13% | 3% | -12% | -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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Number of News Channels Number |
|
||||||||||
| Digital Monthly Average Users (MAU) Million Users |
|||||||||||
| Digital Reach - Total Page Views Billion |
|||||||||||
| Network TV Viewership Monthly Reach Million Viewers |
|||||||||||
| Zee Salaam Market Share % |
|||||||||||
| Zee Business Average Market Share % |
|||||||||||
Documents
Announcements
-
The Company Has Received A Favourable Order By Dropping The Proceedings Against The Company Initiated Through Demand Cum Show Cause Notice
24 Feb - Feb 23, 2026 order dropped SCND alleging inadmissible ITC of Rs.1,11,36,600.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 13 Feb
-
Institution Of Arbitration Proceedings Against The Company.
12 Feb - Asia Satellite initiated SIAC arbitration vs Zee Media claiming USD 1,553,482.05; notice Feb 9, 2026.
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
12 Feb - Monitoring report for Rs.200 crore preferential warrants; Rs.50 crore received and utilised; no deviations; balance due by May 06, 2026.
-
Board Meeting Outcome for Outcome Of Board Meeting Held On February 12, 2026
12 Feb - Board approved Q3/9M FY2025-26 results: 9M profit Rs3,125 lakh; quarter content revenue Rs8,019 lakh; auditors note going concern.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from nse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
Concalls
-
Nov 2016TranscriptAI SummaryPPT
Product Profile:[1][2]
ZMCL is a part of the Essel group. It reaches to 220 million users through 15 news channels comprising 1 global, 3 national and 11 regional channels in the linear TV platform. It has also set up multi-lingual digital news platform i.e., Zeenews.com, wherein news is broadcast online in 9 languages – Hindi, English, Marathi, Bengali, Tamil, Telugu, Malayalam, Kannada and Gujarati.
Company reaches out to 60+ million users through the digital platform. Its global channel WION, is available on Etisalat in MENA region and on Sky Channel in the UK market. From February 2023, ZMCL has moved out from Zee’s Channel Bouquet