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Last Updated: October 15, 2025, 4:16 am
Author: Getaka|Social: XLinkedIn

TV18 Broadcast Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹5.50Overvalued by 87.86%vs CMP ₹45.30

P/E (15.0) × ROE (0.5%) × BV (₹99.90) × DY (2.00%)

Defaults: P/E=15

₹59.87Undervalued by 32.16%vs CMP ₹45.30
MoS: +24.3% (Adequate)Confidence: 44/100 (Low)Models: 3 Under, 1 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹4.0741%Over (-91%)
Net Asset ValueAssets₹99.9824%Under (+120.7%)
ROCE CapitalReturns₹147.6016%Under (+225.8%)
Revenue MultipleRevenue₹52.3918%Under (+15.7%)
Consensus (4 models)₹59.87100%Undervalued
Key Drivers: EPS CAGR -25.9% drags value — could be higher if earnings stabilize. | ROE 0.5% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -25.9% · Defaults: P/E=15

*Investments are subject to market risks

Investment Snapshot

40
TV18 Broadcast Ltd scores 40/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health49/100 · Moderate
ROCE 0.1% WeakROE 0.5% WeakD/E 0.47 ModerateInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money20/100 · Weak
FII holding down -1.17% (6mo) SellingDII holding down 1.44% MF sellingPromoter holding at 60.4% Stable
Earnings Quality30/100 · Weak
OPM contracting (19% → -2%) DecliningWorking capital: 424 days Capital intensive
Quarterly Momentum50/100 · Moderate
Revenue (4Q): +13% YoY GrowingProfit (4Q): -338% YoY Declining
Industry Rank40/100 · Moderate
ROCE 0.1% vs industry 15.7% Below peersROE 0.5% vs industry 12.7% Below peers3Y sales CAGR: 26% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: October 15, 2025, 4:16 am

Market Cap 7,761 Cr.
Current Price 45.3
Intrinsic Value₹59.87
High / Low /
Stock P/E
Book Value 99.9
Dividend Yield0.00 %
ROCE0.12 %
ROE0.45 %
Face Value 2.00
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for TV18 Broadcast Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
TV18 Broadcast Ltd 7,761 Cr. 45.3 / 99.90.00 %0.12 %0.45 % 2.00
Zee Entertainment Enterprises Ltd 7,307 Cr. 76.1 152/68.012.8 1213.19 %9.21 %6.71 % 1.00
Saregama India Ltd 6,316 Cr. 328 603/30632.7 86.21.37 %17.2 %12.5 % 1.00
Network 18 Media & Investments Ltd 4,683 Cr. 30.4 65.3/27.4140 32.00.00 %0.61 %3.34 % 5.00
City Pulse Multiplex Ltd 3,198 Cr. 2,141 3,290/1,0801,591 87.40.00 %1.66 %1.48 % 10.0
Industry Average2,695.38 Cr98.69208.7637.150.28%15.66%12.68%6.15

All Competitor Stocks of TV18 Broadcast Ltd

Quarterly Result

MetricJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales 1,1551,3081,5671,4961,2651,4731,7681,4063,1761,7941,6762,3303,069
Expenses 9671,0661,2121,2421,2071,4331,7491,3293,2301,9921,8222,4913,178
Operating Profit 18824235525458411977-54-198-146-161-109
OPM % 16%18%23%17%5%3%1%5%-2%-11%-9%-7%-4%
Other Income 3427383039226940220210181180174
Interest 1099101125315036344077113
Depreciation 29292827262833353950466869
Profit before tax 1822313562476010243389-72-50-127-117
Tax % 11%-0%12%11%0%-5%-56%40%-2%-9%11%8%3%
Net Profit 1622313122216010382091-65-56-137-120
EPS in Rs 0.580.821.170.840.200.030.240.210.26-0.17-0.07-0.30-0.29

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 15, 2025, 4:56 am

MetricMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales 1,6991,9682,3189259791,4754,9435,1754,4985,5265,9128,9768,869
Expenses 1,5861,7572,1467949481,4164,6294,4703,6904,4885,7199,5359,483
Operating Profit 11321117213131593147058081,038193-559-614
OPM % 7%11%7%14%3%4%6%14%18%19%3%-6%-7%
Other Income 434-10234439871104122129173791745
Interest 14461481922271011428838116187263
Depreciation 425640355669132166139113123203233
Profit before tax -3099-17112-4611525027031,016127-159-365
Tax % 42%14%123%3%599%85%-39%17%-6%9%-1%5%
Net Profit -4289-2619569210417746926128-167-378
EPS in Rs -0.150.610.261.140.040.060.971.412.663.410.68-0.28-0.83
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)311.90%-129.21%850.00%-96.92%50.00%2233.33%98.57%78.90%24.13%-86.18%-230.47%
Change in YoY Net Profit Growth (%)0.00%-441.12%979.21%-946.92%146.92%2183.33%-2134.76%-19.67%-54.77%-110.31%-144.29%

TV18 Broadcast Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:16%
5 Years:13%
3 Years:26%
TTM:13%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-213%
Stock Price CAGR
10 Years:4%
5 Years:8%
3 Years:1%
1 Year:-10%
Return on Equity
10 Years:4%
5 Years:5%
3 Years:3%
Last Year:0%

Last Updated: September 5, 2025, 1:50 pm

Balance Sheet

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital 342342343343343343343343343343343343
Reserves 2,9303,0683,1053,7102,9882,9973,1553,3913,8484,4374,33616,786
Borrowings 5504905012302731,0021,6201,7751,0307894,3866,214
Other Liabilities 6128087864653662,4302,7642,9003,0013,6284,70416,551
Total Liabilities 4,4354,7094,7354,7483,9706,7727,8828,4098,2229,19713,76839,894
Fixed Assets 6122,1521,9871,0201,1172,2892,2522,3602,3212,2742,45414,845
CWIP 439154254787126259912104
Investments 825005142,5131,8253533804204895806473,840
Other Assets 3,7372,0542,2251,2001,0234,1055,2025,5425,2866,0839,75521,105
Total Assets 4,4354,7094,7354,7483,9706,7727,8828,4098,2229,19713,76839,894

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity + 101194-11013363158-1261531,319593-2,718-6,378
Cash from Investing Activity + -2,0263824-118-108-19-389-187-99-293-706-5,138
Cash from Financing Activity + 2,110-221-39-203025520-32-1,008-2933,3171,018
Net Cash Flow 18511-125-5-151645-652128-107-10,499
Free Cash Flow 63134-10763-79102-24791,238409-3,444-8,770
CFO/OP 141%124%-27%171%408%389%7%24%152%49%-1,479%1,145%

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-437.00-279.00-329.00-99.00-242.0058.00313.00704.00807.00-788.00189.00-565.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days 9990851109230091105100727669
Inventory Days
Days Payable
Cash Conversion Cycle 9990851109230091105100727669
Working Capital Days 4671101110551656579138173123424
ROCE %4%5%5%3%0%2%5%11%12%16%3%0%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters 60.40%60.40%60.40%60.40%60.40%60.40%60.40%60.40%60.40%60.40%60.40%60.40%
FIIs 12.17%14.09%12.75%10.25%9.85%8.58%8.54%8.50%8.55%7.46%7.36%7.38%
DIIs 0.19%0.19%1.36%1.72%1.60%1.60%1.63%2.74%3.10%4.14%4.17%1.66%
Government 0.00%0.00%0.00%0.00%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public 27.24%25.32%25.49%27.63%28.14%29.41%29.43%28.36%27.94%28.00%28.08%30.56%
No. of Shareholders 2,11,6552,28,7562,84,6213,87,5383,90,7983,90,0113,84,2983,64,5923,78,9514,12,5514,74,4935,00,117

Shareholding Pattern Chart

No. of Shareholders

TV18 Broadcast Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Quant Small Cap Fund 42,791,618 1.72 268.9542,791,6182025-04-22 17:25:170%
Quant Active Fund 31,795,526 2.45 199.8331,795,5262025-04-22 15:56:520%
Nippon India Nifty Smallcap 250 Index Fund 487,542 0.29 3.06487,5422025-04-22 17:25:170%
Motilal Oswal Nifty Smallcap 250 Index Fund 298,095 0.28 1.87298,0952025-04-22 17:25:170%
SBI Nifty Smallcap 250 Index Fund 247,618 0.28 1.56247,6182025-04-22 17:25:170%
Motilal Oswal Nifty 500 Index Fund 29,550 0.03 0.1929,5502025-04-22 15:56:520%
Edelweiss Nifty Smallcap 250 Index Fund 13,539 0.28 0.0913,5392025-04-22 15:56:520%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) -0.280.683.412.661.41
Diluted EPS (Rs.) -0.280.683.412.661.41
Cash EPS (Rs.) -0.131.205.754.813.17
Book Value[Excl.RevalReserv]/Share (Rs.) 176.3136.1436.6631.2326.86
Book Value[Incl.RevalReserv]/Share (Rs.) 176.3136.1436.6631.2326.86
Revenue From Operations / Share (Rs.) 52.3634.4932.2326.2330.19
PBDIT / Share (Rs.) 0.991.876.505.084.58
PBIT / Share (Rs.) -0.181.155.844.273.61
PBT / Share (Rs.) -1.280.475.613.752.70
Net Profit / Share (Rs.) -1.320.485.094.002.20
NP After MI And SOA / Share (Rs.) -0.280.673.412.661.41
PBDIT Margin (%) 1.905.4120.1519.3415.16
PBIT Margin (%) -0.353.3418.1016.2611.96
PBT Margin (%) -2.441.3717.4114.318.93
Net Profit Margin (%) -2.521.3915.7815.257.29
NP After MI And SOA Margin (%) -0.541.9610.5710.124.68
Return on Networth / Equity (%) -0.282.4812.2210.866.49
Return on Capital Employeed (%) -0.102.9915.3213.1713.00
Return On Assets (%) -0.120.846.355.542.88
Total Debt / Equity (X) 0.310.880.130.210.47
Asset Turnover Ratio (%) 0.330.180.200.170.19
Current Ratio (X) 2.761.322.131.771.34
Quick Ratio (X) 1.580.501.161.070.78
Interest Coverage Ratio (X) 0.912.7629.249.925.55
Interest Coverage Ratio (Post Tax) (X) -0.211.7123.918.823.77
Enterprise Value (Cr.) 21865.4110359.0214541.896658.035187.01
EV / Net Operating Revenue (X) 2.441.752.631.481.00
EV / EBITDA (X) 127.7332.3513.067.656.61
MarketCap / Net Operating Revenue (X) 0.880.832.301.100.51
Price / BV (X) 0.461.062.661.180.71
Price / Net Operating Revenue (X) 0.880.832.301.100.51
EarningsYield -0.010.020.040.090.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fundamental Analysis of TV18 Broadcast Ltd

TV18 Broadcast Ltd. is a Public Limited Listed company incorporated on 06/06/2005 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L74300MH2005PLC281753 and registration number is 281753. Currently Company is involved in the business activities of Television programming and broadcasting activities. Company’s Total Operating Revenue is Rs. 1262.15 Cr. and Equity Capital is Rs. 342.87 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Entertainment & MediaFirst Floor, Empire Complex, Mumbai Maharashtra 400013investors.tv18@nw18.com
http://www.nw18.com
Management
NamePosition Held
Mr. Adil ZainulbhaiChairman & Ind.Director
Mr. Rahul JoshiManaging Director
Mr. Jyoti DeshpandeNon Executive Director
Mr. P M S PrasadNon Executive Director
Ms. Renuka RamnathIndependent Director
Mr. Dhruv Subodh KajiIndependent Director

TV18 Broadcast Ltd. Share Price Update

Share PriceValue
Today₹42.78
Previous Day₹42.92

FAQ

What is the intrinsic value of TV18 Broadcast Ltd and is it undervalued?

As of 14 April 2026, TV18 Broadcast Ltd's intrinsic value is ₹59.87, which is 32.16% higher than the current market price of ₹45.30, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (0.45 %), book value (₹99.9), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of TV18 Broadcast Ltd?

TV18 Broadcast Ltd is trading at ₹45.30 as of 14 April 2026, with a FY2026-2027 high of ₹ and low of ₹. Market cap stands at ₹7,761 Cr..

How does TV18 Broadcast Ltd's P/E ratio compare to its industry?

TV18 Broadcast Ltd has a P/E ratio of , which is below the industry average of 208.76. This is broadly in line with or below the industry average.

Is TV18 Broadcast Ltd financially healthy?

Key indicators for TV18 Broadcast Ltd: ROCE of 0.12 % is on the lower side compared to the industry average of 15.66%; ROE of 0.45 % is below ideal levels (industry average: 12.68%). Dividend yield is 0.00 %.

Is TV18 Broadcast Ltd profitable and how is the profit trend?

TV18 Broadcast Ltd reported a net profit of ₹-167 Cr in Mar 2024 on revenue of ₹8,976 Cr. Compared to ₹746 Cr in Mar 2021, the net profit shows a declining trend.

Does TV18 Broadcast Ltd pay dividends?

TV18 Broadcast Ltd has a dividend yield of 0.00 % at the current price of ₹45.30. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in TV18 Broadcast Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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