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Last Updated: April 2, 2026, 3:57 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532794 | NSE: ZEEMEDIA

Zee Media Corporation Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹187.70Undervalued by 2,592.97%vs CMP ₹6.97

P/E (161.0) × ROE (45.5%) × BV (₹3.14) × DY (2.00%)

₹90.97Undervalued by 1,205.16%vs CMP ₹6.97
MoS: +92.3% (Strong)Confidence: 31/100 (Low)Models: 2 Under, 1 Fair, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹229.6238%Under (+3194.4%)
Net Asset ValueAssets₹3.1518%Over (-54.8%)
EV/EBITDAEnterprise₹11.2115%Under (+60.8%)
ROCE CapitalReturns₹6.8615%Fair (-1.6%)
Revenue MultipleRevenue₹4.9714%Over (-28.7%)
Consensus (5 models)₹90.97100%Undervalued
Key Drivers: P/E of 161 makes PE-ROE unreliable — asset/earnings models are better benchmarks. | Wide model spread (₹3–₹230) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 22.3%

*Investments are subject to market risks

Investment Snapshot

62
Zee Media Corporation Ltd scores 62/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health68/100 · Strong
ROCE 27.1% ExcellentROE 45.5% ExcellentD/E 0.48 ModerateInterest Coverage 0.0x RiskyProfitable 1/5 years Inconsistent
Smart Money80/100 · Strong
FII holding up 1.35% (6mo) AccumulatingPromoter increased by 3.18% Positive
Earnings Quality40/100 · Moderate
OPM contracting (19% → -5%) Declining
Quarterly Momentum70/100 · Strong
Revenue (4Q): +17% YoY GrowingOPM: 33.0% (up 29.0% YoY) Margin expansion
Industry Rank65/100 · Strong
P/E 161.0 vs industry 208.8 In-lineROCE 27.1% vs industry 15.7% Above peersROE 45.5% vs industry 12.7% Above peers3Y sales CAGR: -10% Shrinking

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: April 2, 2026, 3:57 am

Market Cap 436 Cr.
Current Price 6.97
Intrinsic Value₹90.97
High / Low 16.5/6.65
Stock P/E161
Book Value 3.14
Dividend Yield0.00 %
ROCE27.1 %
ROE45.5 %
Face Value 1.00
PEG Ratio7.21

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

View Share Price Target for Zee Media Corporation Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Zee Media Corporation Ltd 436 Cr. 6.97 16.5/6.65161 3.140.00 %27.1 %45.5 % 1.00
Entertainment Network (India) Ltd 491 Cr. 103 175/98.6117 1591.94 %2.56 %0.82 % 10.0
Cineline India Ltd 274 Cr. 79.9 106/73.033.1 41.80.00 %4.75 %5.66 % 5.00
TV Today Network Ltd 617 Cr. 103 200/93.526.4 1482.90 %12.4 %8.44 % 5.00
Pressman Advertising Ltd 626 Cr. 266 /116 20.00.00 %12.2 %9.46 % 2.00
Industry Average2,695.38 Cr98.69208.7637.150.28%15.66%12.68%6.15

All Competitor Stocks of Zee Media Corporation Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 171148140152167179176131159156182179240
Expenses 166153160172193153161162153164163162162
Operating Profit 5-5-20-20-252615-316-8201778
OPM % 3%-3%-14%-13%-15%15%8%-24%4%-5%11%10%33%
Other Income 1-1711434921-5111
Interest 7765588787555
Depreciation 23231920192730303029272726
Profit before tax -24-53-34-41-46-5-14-67-30-50-11-1349
Tax % -20%-13%-26%-26%-23%32%-26%-25%-25%-26%-23%17%-8%
Net Profit -19-46-25-31-36-7-10-50-22-37-9-1653
EPS in Rs -0.31-0.73-0.40-0.49-0.57-0.10-0.17-0.80-0.36-0.59-0.14-0.250.84

Last Updated: March 3, 2026, 1:44 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 12:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 335544543450573687632649867721638622757
Expenses 303504464353466532449430605660677640650
Operating Profit 3240799710815518321926261-39-18107
OPM % 10%7%14%22%19%23%29%34%30%8%-6%-3%14%
Other Income 23812-489-51-315-7-212-12218-2
Interest 10534915181824243830243022
Depreciation 1650472741558881859285119108
Profit before tax 29-56-475830-243107-73-73-127-160-25
Tax % 26%-22%12%336%52%121%11%29%62%-5%-22%-25%
Net Profit 21-43-5-1628-6-27176-118-69-98-119-8
EPS in Rs 0.61-0.99-0.18-0.420.42-0.15-5.761.61-1.88-1.10-1.57-1.91-0.14
Dividend Payout % 0%0%-78%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-304.76%88.37%-220.00%275.00%-121.43%-4416.67%128.04%-255.26%41.53%-42.03%-21.43%
Change in YoY Net Profit Growth (%)0.00%393.13%-308.37%495.00%-396.43%-4295.24%4544.71%-383.31%296.79%-83.55%20.60%

Zee Media Corporation 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:1%
5 Years:0%
3 Years:-10%
TTM:-7%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-30%
Stock Price CAGR
10 Years:-3%
5 Years:10%
3 Years:-13%
1 Year:-5%
Return on Equity
10 Years:-2%
5 Years:-1%
3 Years:-25%
Last Year:-46%

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

Balance Sheet

Last Updated: February 1, 2026, 4:10 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 24364447474747476363636363
Reserves 207325500469625591318485394325227158134
Borrowings 111460385109125194118366244199246174107
Other Liabilities 104173176563255211243207270286433486534
Total Liabilities 4469941,1041,1881,0521,0427261,105971873968880837
Fixed Assets 138630579152230247294262329340555428378
CWIP 341223700012010
Investments 42351152543170718058424343
Other Assets 302359511502290364362772561472370408416
Total Assets 4469941,1041,1881,0521,0427261,105971873968880837

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 28-18349566591641232301467764
Cash from Investing Activity + -5419-65-100-103-98-27-44-166-9815-7
Cash from Financing Activity + 3619100-33-1534-51-29-120-93-92-48
Net Cash Flow 102069-38-52-58751-56-45-18
Free Cash Flow -77-16-939-36-010779132396953
CFO/OP 142%10%71%101%87%62%103%71%107%288%-217%-264%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-79.00-420.00-306.00-12.00-17.00-39.0065.00-147.0018.00-138.00-285.00-192.00

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 95777911411111011613410077118117
Inventory Days 3455
Days Payable 235342
Cash Conversion Cycle 95-123-20811411111011613410077118117
Working Capital Days 111-10828-29-11174021073-56-165-139
ROCE %12%1%6%11%10%13%16%21%23%-2%-18%-27%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 4.34%4.34%0.07%0.07%0.07%0.42%1.62%1.62%1.62%3.90%6.30%9.48%
FIIs 8.55%8.26%8.27%8.48%8.14%8.15%8.78%12.06%13.65%15.97%16.00%15.00%
DIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.00%4.24%4.22%4.25%4.25%4.19%
Government 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.44%0.44%0.44%
Public 87.10%87.40%91.66%91.46%91.78%91.43%89.60%82.08%80.50%75.44%73.01%70.89%
No. of Shareholders 1,77,9151,81,2041,92,4101,85,7592,08,4972,03,7071,96,4941,92,5431,91,2521,90,8351,90,6941,90,882

Shareholding Pattern Chart

No. of Shareholders

Zee Media Corporation Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) -1.91-1.57-1.10-2.071.61
Diluted EPS (Rs.) -1.91-1.57-1.10-2.071.49
Cash EPS (Rs.) -0.01-0.220.44-0.563.32
Book Value[Excl.RevalReserv]/Share (Rs.) 3.534.636.197.3010.97
Book Value[Incl.RevalReserv]/Share (Rs.) 3.534.636.197.3010.97
Revenue From Operations / Share (Rs.) 9.9410.2111.5213.8613.79
PBDIT / Share (Rs.) -0.11-0.231.354.154.74
PBIT / Share (Rs.) -2.02-1.59-0.112.793.02
PBT / Share (Rs.) -2.56-2.03-1.08-1.202.27
Net Profit / Share (Rs.) -1.91-1.58-1.02-1.921.60
NP After MI And SOA / Share (Rs.) -1.91-1.57-1.10-1.881.61
PBDIT Margin (%) -1.19-2.2611.7529.9134.36
PBIT Margin (%) -20.33-15.56-0.9620.1221.92
PBT Margin (%) -25.70-19.89-9.37-8.6816.45
Net Profit Margin (%) -19.20-15.46-8.83-13.8711.63
NP After MI And SOA Margin (%) -19.20-15.41-9.54-13.5711.66
Return on Networth / Equity (%) -54.10-34.02-17.76-25.7914.66
Return on Capital Employeed (%) -33.38-22.74-1.2726.4416.95
Return On Assets (%) -13.56-10.16-7.88-12.106.85
Long Term Debt / Equity (X) 0.010.010.310.350.48
Total Debt / Equity (X) 0.350.460.500.460.48
Asset Turnover Ratio (%) 0.670.690.530.610.64
Current Ratio (X) 0.560.470.711.672.76
Quick Ratio (X) 0.560.470.711.672.76
Interest Coverage Ratio (X) -0.24-0.592.866.869.17
Interest Coverage Ratio (Post Tax) (X) -2.83-2.94-0.093.424.56
Enterprise Value (Cr.) 870.36777.23719.741213.48459.53
EV / Net Operating Revenue (X) 1.401.220.991.400.70
EV / EBITDA (X) -117.46-53.828.494.682.06
MarketCap / Net Operating Revenue (X) 1.301.020.741.190.46
Price / BV (X) 3.652.251.392.270.58
Price / Net Operating Revenue (X) 1.301.020.741.190.46
EarningsYield -0.14-0.15-0.12-0.110.25

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Zee Media Corporation Ltd. is a Public Limited Listed company incorporated on 27/08/1999 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L92100MH1999PLC121506 and registration number is 121506. Currently Company is involved in the business activities of Television programming and broadcasting activities. Company's Total Operating Revenue is Rs. 454.88 Cr. and Equity Capital is Rs. 62.54 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Entertainment & Media135, Continental Building, 2nd Floor, Dr. Annie Besant Road, Worli, Mumbai Maharashtra 400018Contact not found
Management
NamePosition Held
Mr. Susanta Kumar PandaChairman & Ind.Director
Mr. Dinesh Kumar GargExecutive Director - Finance
Mr. Amitabh KumarNon Executive Director
Mr. Surender SinghNon Executive Director
Mr. Raj Kumar GuptaIndependent Director
Ms. Swetha GopalanIndependent Director

FAQ

What is the intrinsic value of Zee Media Corporation Ltd and is it undervalued?

As of 10 April 2026, Zee Media Corporation Ltd's intrinsic value is ₹90.97, which is 1205.16% higher than the current market price of ₹6.97, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (45.5 %), book value (₹3.14), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Zee Media Corporation Ltd?

Zee Media Corporation Ltd is trading at ₹6.97 as of 10 April 2026, with a FY2026-2027 high of ₹16.5 and low of ₹6.65. The stock is currently near its 52-week low. Market cap stands at ₹436 Cr..

How does Zee Media Corporation Ltd's P/E ratio compare to its industry?

Zee Media Corporation Ltd has a P/E ratio of 161, which is below the industry average of 208.76. This is broadly in line with or below the industry average.

Is Zee Media Corporation Ltd financially healthy?

Key indicators for Zee Media Corporation Ltd: ROCE of 27.1 % indicates efficient capital utilization; ROE of 45.5 % shows strong shareholder returns. Dividend yield is 0.00 %.

Is Zee Media Corporation Ltd profitable and how is the profit trend?

Zee Media Corporation Ltd reported a net profit of ₹-119 Cr in Mar 2025 on revenue of ₹622 Cr. Compared to ₹-118 Cr in Mar 2022, the net profit shows a mixed trend.

Does Zee Media Corporation Ltd pay dividends?

Zee Media Corporation Ltd has a dividend yield of 0.00 % at the current price of ₹6.97. 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 Zee Media Corporation 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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