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Zee Entertainment Enterprises Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹102.04Undervalued by 12.38%vs CMP ₹90.80

P/E (15.3) × ROE (6.7%) × BV (₹121.00) × DY (2.68%)

₹92.81Fairly Valued by 2.21%vs CMP ₹90.80
MoS: +2.2% (Thin)Confidence: 43/100 (Low)Models: 4 Under, 2 Fair, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹91.6923%Fair (+1%)
Graham NumberEarnings₹126.5216%Under (+39.3%)
Earnings PowerEarnings₹15.7111%Over (-82.7%)
DCFCash Flow₹54.8414%Over (-39.6%)
Net Asset ValueAssets₹120.627%Under (+32.8%)
EV/EBITDAEnterprise₹152.179%Under (+67.6%)
Earnings YieldEarnings₹58.807%Over (-35.2%)
ROCE CapitalReturns₹144.107%Under (+58.7%)
Revenue MultipleRevenue₹86.365%Fair (-4.9%)
Consensus (9 models)₹92.81100%Fairly Valued
Key Drivers: Wide model spread (₹16–₹152) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -10.1%

*Investments are subject to market risks

Analyst Summary

Zee Entertainment Enterprises Ltd operates in the Entertainment & Media segment, NSE: ZEEL | BSE: 505537, current market price is ₹90.80, market cap is 8,720 Cr.. At a glance, stock P/E is 15.3, ROE is 6.71 %, ROCE is 9.21 %, book value is 121, dividend yield is 2.68 %. The latest intrinsic value estimate is ₹92.81, which is broadly in line with the current market price. On operating trend, latest reported sales are about ₹8,294 Cr versus the prior period change of -4.0%, while latest net profit is about ₹680 Cr with a prior-period change of 382.3%. The 52-week range shown on this page is 152/68.0, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisZee Entertainment Enterprises Ltd. is a Public Limited Listed company incorporated on 25/11/1982 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Nu…

This summary is generated from the stock page data available for Zee Entertainment Enterprises Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

49
Zee Entertainment Enterprises Ltd scores 49/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health66/100 · Strong
ROCE 9.2% AverageROE 6.7% AverageD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 1.38% (6mo) AccumulatingDII holding down 3.89% MF sellingPromoter holding at 4.0% Stable
Earnings Quality30/100 · Weak
OPM contracting (18% → 13%) DecliningWorking capital: 335 days Capital intensive
Quarterly Momentum48/100 · Moderate
Revenue (4Q): 0% YoY FlatProfit (4Q): +12% YoY PositiveOPM: 11.0% (down 5.0% YoY) Margin pressure
Industry Rank40/100 · Moderate
P/E 15.3 vs industry 296.3 Cheaper than peersROCE 9.2% vs industry 16.3% Below peersROE 6.7% vs industry 18.0% Below peers3Y sales CAGR: 0% Slow

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: May 5, 2026, 2:04 am

Market Cap 8,720 Cr.
Current Price 90.8
Intrinsic Value₹92.13
High / Low 152/68.0
Stock P/E15.3
Book Value 121
Dividend Yield2.68 %
ROCE9.21 %
ROE6.71 %
Face Value 1.00
PEG Ratio-1.51

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

View Share Price Target for Zee Entertainment Enterprises Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Zee Entertainment Enterprises Ltd 8,720 Cr. 90.8 152/68.015.3 1212.68 %9.21 %6.71 % 1.00
TV18 Broadcast Ltd 7,761 Cr. 45.3 / 99.90.00 %0.12 %0.45 % 2.00
Saregama India Ltd 6,662 Cr. 345 603/30634.5 86.21.30 %17.2 %12.5 % 1.00
Network 18 Media & Investments Ltd 5,308 Cr. 34.4 65.3/27.4145 31.90.00 %3.02 %0.76 % 5.00
City Pulse Multiplex Ltd 3,488 Cr. 2,334 3,290/1,1501,735 87.40.00 %1.66 %1.48 % 10.0
Industry Average2,553.85 Cr105.57296.2737.280.24%16.32%18.02%6.15

All Competitor Stocks of Zee Entertainment Enterprises Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 2,1092,1121,9842,4382,0462,1702,1302,0011,9792,1841,8251,9692,280
Expenses 1,7371,9601,8252,1051,8371,9601,8601,6781,6581,8861,5861,8102,024
Operating Profit 372152159333209210270323321298239159256
OPM % 18%7%8%14%10%10%13%16%16%14%13%8%11%
Other Income -187-199-113-55-27-11-1745-463625269
Interest 13402323187681188139
Depreciation 84837977767776736664595754
Profit before tax 88-170-5717787115172286198262197115202
Tax % 72%15%-6%31%33%88%31%27%17%28%27%34%23%
Net Profit 24-196-53123581311820916418814476155
EPS in Rs 0.25-2.04-0.561.280.610.141.232.181.701.961.500.801.62

Last Updated: February 3, 2026, 1:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 11:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 4,4224,8845,8126,4346,6867,9348,1307,7308,1868,0888,6378,2948,258
Expenses 3,2153,6244,3864,7114,6055,3706,8706,1236,4096,9817,7267,0827,307
Operating Profit 1,2071,2601,4271,7232,0812,5641,2601,6061,7771,1079111,212951
OPM % 27%26%25%27%31%32%15%21%22%14%11%15%12%
Other Income 1782221831,430565236112-29-111-459-2061797
Interest 1610160137145130145574470723338
Depreciation 506778115182235271265221313309278234
Profit before tax 1,3191,4041,3732,9012,3192,4349561,2561,400264323918776
Tax % 33%31%40%23%36%36%45%37%32%82%56%26%
Net Profit 8909728242,2201,4781,56752579395648141680563
EPS in Rs 9.2910.188.5723.1315.4016.325.488.3310.040.501.477.075.88
Dividend Payout % 24%22%26%11%19%21%5%30%30%0%68%34%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)9.21%-15.23%169.42%-33.42%6.02%-66.50%51.05%20.55%-94.98%193.75%382.27%
Change in YoY Net Profit Growth (%)0.00%-24.44%184.64%-202.84%39.45%-72.52%117.54%-30.49%-115.53%288.73%188.52%

Zee Entertainment Enterprises Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:5%
5 Years:0%
3 Years:0%
TTM:-9%
Compounded Profit Growth
10 Years:-2%
5 Years:4%
3 Years:-11%
TTM:90%
Stock Price CAGR
10 Years:-11%
5 Years:-12%
3 Years:-23%
1 Year:-15%
Return on Equity
10 Years:10%
5 Years:6%
3 Years:3%
Last Year:7%

Last Updated: September 5, 2025, 1:56 pm

Balance Sheet

Last Updated: December 4, 2025, 2:14 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 96969696969696969696969696
Reserves 2,6253,4354,7086,5947,4668,8289,2489,99810,76710,62610,77711,43711,488
Borrowings 2,0202,0211,7162,2031,5261,11465042376282230321286
Other Liabilities 1,2911,4541,4461,3642,0422,8952,4242,3012,3002,7242,3471,8801,809
Total Liabilities 6,0327,0067,96610,25811,13012,93312,41812,81913,24013,72813,45013,73413,680
Fixed Assets 1,0731,1381,3339161,4761,4141,3151,1911,2251,3601,2041,005951
CWIP 1008811015692156837587191012
Investments 8299761,1481,3431,5299763257986535391,1951,086
Other Assets 4,0304,8055,3757,8438,03310,38610,69510,75411,86212,31512,19711,53311,640
Total Assets 6,0327,0067,96610,25811,13012,93312,41812,81913,24013,72813,45013,73413,680

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 3836817317415541352501,5482801297141,186
Cash from Investing Activity + -205-165161,325-1,041864397-511586-202-46-1,602
Cash from Financing Activity + -144-343-405-414-1,090-966-1,062-541-715-408-27423
Net Cash Flow 341733421,652-1,57733-415496150-481395-393
Free Cash Flow 236572459515300-1461051,37451-1276061,098
CFO/OP 67%87%92%83%67%42%45%128%44%47%105%104%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-1.00-1.000.00-1.001.001.00-649.00-422.00-75.00-281.00681.00-320.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 858085708484969277737267
Inventory Days 526617624644824877663739
Days Payable 230239196167177210138130
Cash Conversion Cycle 85808570380463524569725740597676
Working Capital Days 156152147151180236294295340352326335
ROCE %31%27%26%24%26%27%14%14%16%8%6%9%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 3.99%3.99%3.99%3.99%3.99%3.99%3.99%3.99%3.99%3.99%3.99%3.99%
FIIs 36.39%33.40%35.00%28.19%19.18%18.90%18.52%20.05%22.83%24.81%25.43%24.21%
DIIs 38.03%40.62%42.07%43.42%35.30%22.27%19.05%17.87%15.87%16.75%13.92%11.98%
Government 0.15%0.15%0.15%0.15%0.15%0.15%0.15%0.13%0.13%0.11%0.11%0.11%
Public 21.43%21.85%18.80%24.24%41.38%54.67%58.30%57.96%57.18%54.33%56.56%59.70%
No. of Shareholders 4,14,8154,63,8303,97,7434,08,5186,27,6256,03,2716,78,8496,82,5966,92,5386,38,2226,43,0426,45,830

Shareholding Pattern Chart

No. of Shareholders

Zee Entertainment Enterprises 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
ICICI Prudential Multi Asset Fund 11,243,556 0.12 98.32N/AN/AN/A
HDFC Balanced Advantage Fund 8,160,030 0.07 71.36N/AN/AN/A
ICICI Prudential Large & Mid Cap Fund 5,327,579 0.16 46.59N/AN/AN/A
HDFC Large and Mid Cap Fund 5,183,410 0.16 45.33N/AN/AN/A
Canara Robeco Large and Mid Cap Fund 3,500,000 0.12 30.61N/AN/AN/A
Bandhan Large & Mid Cap Fund 3,310,335 0.2 28.95N/AN/AN/A
Bandhan Small Cap Fund 2,443,930 0.1 21.37N/AN/AN/A
ICICI Prudential Value Fund 1,320,486 0.02 11.556,126,4452026-03-23 02:04:24-78.45%
Bandhan Balanced Advantage Fund 170,551 0.07 1.49182,1462026-03-23 02:04:24-6.37%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 7.081.472.6210.048.33
Diluted EPS (Rs.) 7.081.472.6210.048.33
Cash EPS (Rs.) 9.964.683.7512.5011.01
Book Value[Excl.RevalReserv]/Share (Rs.) 120.01113.14111.57113.04105.18
Book Value[Incl.RevalReserv]/Share (Rs.) 120.01113.14111.57113.04105.18
Revenue From Operations / Share (Rs.) 86.3189.8884.1685.2280.44
PBDIT / Share (Rs.) 13.9010.8312.3519.1417.73
PBIT / Share (Rs.) 11.007.619.0916.5814.98
PBT / Share (Rs.) 9.633.964.8714.7313.07
Net Profit / Share (Rs.) 7.071.470.499.948.25
NP After MI And SOA / Share (Rs.) 7.071.470.4910.048.33
PBDIT Margin (%) 16.1012.0414.6722.4622.04
PBIT Margin (%) 12.748.4610.8019.4618.62
PBT Margin (%) 11.164.405.7817.2816.24
Net Profit Margin (%) 8.181.630.5911.6710.26
NP After MI And SOA Margin (%) 8.191.630.5911.7710.35
Return on Networth / Equity (%) 5.891.300.448.877.92
Return on Capital Employeed (%) 8.856.527.8914.4513.99
Return On Assets (%) 4.941.050.347.286.24
Long Term Debt / Equity (X) 0.010.000.000.000.00
Total Debt / Equity (X) 0.010.000.000.000.00
Asset Turnover Ratio (%) 0.610.630.590.600.56
Current Ratio (X) 6.565.004.295.034.23
Quick Ratio (X) 2.801.921.542.152.10
Inventory Turnover Ratio (X) 1.210.000.000.000.00
Dividend Payout Ratio (NP) (%) 14.140.000.0024.893.59
Dividend Payout Ratio (CP) (%) 10.030.000.0019.832.70
Earning Retention Ratio (%) 85.860.000.0075.1196.41
Cash Earning Retention Ratio (%) 89.970.000.0080.1797.30
Interest Coverage Ratio (X) 40.8414.4316.9040.7929.85
Interest Coverage Ratio (Post Tax) (X) 25.027.629.3625.1517.11
Enterprise Value (Cr.) 8359.6112141.3719546.2726431.0318464.42
EV / Net Operating Revenue (X) 1.011.412.423.232.39
EV / EBITDA (X) 6.2611.6716.4714.3710.83
MarketCap / Net Operating Revenue (X) 1.141.542.523.382.53
Retention Ratios (%) 85.850.000.0075.1096.40
Price / BV (X) 0.811.231.902.551.93
Price / Net Operating Revenue (X) 1.141.542.523.382.53
EarningsYield 0.070.010.000.030.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Zee Entertainment Enterprises Ltd. is a Public Limited Listed company incorporated on 25/11/1982 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L92132MH1982PLC028767 and registration number is 028767. Currently Company is involved in the business activities of Television programming and broadcasting activities. Company's Total Operating Revenue is Rs. 7712.40 Cr. and Equity Capital is Rs. 96.10 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Entertainment & Media18th Floor, A Wing, Mumbai Maharashtra 400013Contact not found
Management
NamePosition Held
Dr. Subhash ChandraChairman Emeritus
Mr. R GopalanChairman
Mr. Saurav AdhikariNon Exe.Non Ind.Director
Dr. Venkata Ramana Murthy PinisettiIndependent Director
Mr. Shishir Babubhai DesaiIndependent Director
Mr. Uttam Prakash AgarwalIndependent Director
Ms. Deepu BansalIndependent Director
Ms. Divya Rupchand KaraniIndependent Director

FAQ

What is the intrinsic value of Zee Entertainment Enterprises Ltd and is it undervalued?

As of 05 May 2026, Zee Entertainment Enterprises Ltd's intrinsic value is ₹92.81, which is 2.21% higher than the current market price of ₹90.80, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (6.71 %), book value (₹121), dividend yield (2.68 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Zee Entertainment Enterprises Ltd?

Zee Entertainment Enterprises Ltd is trading at ₹90.80 as of 05 May 2026, with a FY2026-2027 high of ₹152 and low of ₹68.0. The stock is currently in the middle of its 52-week range. Market cap stands at ₹8,720 Cr..

How does Zee Entertainment Enterprises Ltd's P/E ratio compare to its industry?

Zee Entertainment Enterprises Ltd has a P/E ratio of 15.3, which is below the industry average of 296.27. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Zee Entertainment Enterprises Ltd financially healthy?

Key indicators for Zee Entertainment Enterprises Ltd: ROCE of 9.21 % is on the lower side compared to the industry average of 16.32%; ROE of 6.71 % is below ideal levels (industry average: 18.02%). Dividend yield is 2.68 %.

Is Zee Entertainment Enterprises Ltd profitable and how is the profit trend?

Zee Entertainment Enterprises Ltd reported a net profit of ₹680 Cr in Mar 2025 on revenue of ₹8,294 Cr. Compared to ₹956 Cr in Mar 2022, the net profit shows a declining trend.

Does Zee Entertainment Enterprises Ltd pay dividends?

Zee Entertainment Enterprises Ltd has a dividend yield of 2.68 % at the current price of ₹90.80. This is a relatively attractive yield for income-seeking investors.

Last Updated: May 5, 2026, 2:04 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 505537 | NSE: ZEEL
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 Zee Entertainment Enterprises 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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