Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹183Cr
Entertainment - Electronic Media
Rev Gr TTM
Revenue Growth TTM
8.64%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

DGCONTENT
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | 5.0 | 13.8 | 13.9 | 17.0 | 29.1 | 15.6 | 16.4 | 1.4 | -3.0 | 5.9 | 15.0 | 17.0 |
| 86 | 80 | 90 | 99 | 100 | 94 | 94 | 96 | 101 | 108 | 115 | 118 |
Operating Profit Operating ProfitCr |
| 6.1 | 11.5 | 8.2 | 8.7 | 15.4 | 9.5 | 18.3 | 12.5 | 11.5 | 2.1 | 12.4 | 8.2 |
Other Income Other IncomeCr | 2 | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 2 | 0 | 2 | -15 |
Interest Expense Interest ExpenseCr | 5 | 4 | 4 | 4 | 5 | 5 | 4 | 4 | 4 | 3 | 3 | 3 |
Depreciation DepreciationCr | 5 | 4 | 5 | 5 | 4 | 5 | 2 | 2 | 2 | 2 | 2 | 2 |
| -2 | 3 | 0 | 1 | 9 | 2 | 16 | 10 | 10 | -2 | 14 | -9 |
| 1 | 2 | 1 | 1 | 3 | 2 | 5 | 3 | 3 | 0 | 4 | -1 |
|
Growth YoY PAT Growth YoY% | -219.8 | 115.8 | 83.3 | -311.5 | 385.9 | -32.4 | 1,522.4 | 1,298.2 | 2.6 | -437.7 | -11.9 | -210.5 |
| -2.3 | 1.1 | -0.8 | -0.5 | 5.1 | 0.7 | 9.4 | 6.0 | 5.4 | -2.1 | 7.2 | -5.7 |
| -0.4 | 0.2 | -0.1 | -0.1 | 1.0 | 0.1 | 1.9 | 1.1 | 1.1 | -0.4 | 1.6 | -1.3 |
| Financial Year | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | | -3.3 | -3.9 | 30.2 | 7.8 | 18.7 | 6.8 | 9.5 |
| 0 | 238 | 235 | 223 | 271 | 334 | 369 | 385 | 443 |
Operating Profit Operating ProfitCr |
| | 11.1 | 9.3 | 10.6 | 16.3 | 4.3 | 11.1 | 13.1 | 8.7 |
Other Income Other IncomeCr | 0 | 1 | 2 | 5 | 9 | 5 | 3 | 7 | -10 |
Interest Expense Interest ExpenseCr | 2 | 9 | 12 | 12 | 12 | 15 | 18 | 17 | 12 |
Depreciation DepreciationCr | 0 | 38 | 53 | 52 | 16 | 17 | 18 | 11 | 8 |
| -2 | -17 | -40 | -33 | 34 | -12 | 13 | 37 | 12 |
| 0 | -5 | -7 | 11 | 13 | 0 | 7 | 13 | 6 |
|
| | -439.9 | -180.5 | -32.0 | 148.3 | -161.1 | 144.7 | 323.5 | -74.8 |
| | -4.4 | -12.7 | -17.5 | 6.5 | -3.7 | 1.4 | 5.5 | 1.3 |
| -0.9 | -2.2 | -5.7 | -7.5 | 3.6 | -2.2 | 1.0 | 4.2 | 1.1 |
| Financial Year | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
| 65 | 53 | 19 | -25 | -6 | -18 | -10 | 16 | 27 |
Current Liabilities Current LiabilitiesCr | 49 | 47 | 58 | 63 | 168 | 88 | 81 | 88 | 102 |
Non Current Liabilities Non Current LiabilitiesCr | 82 | 90 | 112 | 110 | 0 | 144 | 157 | 111 | 100 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 63 | 79 | 58 | 105 | 127 | 105 | 127 | 134 | 143 |
Non Current Assets Non Current AssetsCr | 145 | 123 | 142 | 54 | 46 | 121 | 112 | 92 | 97 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 0 | -4 | 17 | 67 | 39 | 25 | 23 | 77 |
Investing Cash Flow Investing Cash FlowCr | -77 | -2 | -1 | -40 | -24 | 30 | -2 | -19 |
Financing Cash Flow Financing Cash FlowCr | 80 | -1 | -17 | -16 | -33 | -55 | -18 | -63 |
|
Free Cash Flow Free Cash FlowCr | 0 | -6 | 15 | 65 | 36 | 22 | 13 | 69 |
| 0.0 | 32.8 | -51.9 | -153.6 | 184.7 | -191.4 | 393.9 | 318.1 |
CFO To EBITDA CFO To EBITDA% | | -13.0 | 71.4 | 254.7 | 73.4 | 165.5 | 49.2 | 133.8 |
| Financial Year | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 0 | 0 | 23 | 42 | 97 | 92 | 125 | 233 |
Price To Earnings Price To Earnings | 0.0 | 0.0 | 0.0 | 0.0 | 4.6 | 0.0 | 21.6 | 9.6 |
Price To Sales Price To Sales | | 0.0 | 0.1 | 0.2 | 0.3 | 0.3 | 0.3 | 0.5 |
Price To Book Price To Book | 0.0 | 0.0 | 0.8 | -3.1 | 17.4 | -15.5 | 107.1 | 8.5 |
| | 2.3 | 5.0 | 3.5 | 2.8 | 16.3 | 6.0 | 5.9 |
Profitability Ratios Profitability Ratios |
| | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 |
| | 11.1 | 9.3 | 10.6 | 16.3 | 4.3 | 11.1 | 13.1 |
| | -4.4 | -12.7 | -17.5 | 6.5 | -3.7 | 1.4 | 5.5 |
| 0.0 | -5.1 | -19.5 | -27.3 | 61.4 | 2.1 | 19.1 | 39.1 |
| -2.9 | -18.1 | -107.2 | 321.5 | 376.6 | 216.7 | 499.1 | 89.0 |
| -1.1 | -5.8 | -16.5 | -27.3 | 12.1 | -5.7 | 2.4 | 10.8 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
Digicontent Limited (DCL) is a leading Indian digital media enterprise driving innovation and growth in the country’s evolving digital content and news ecosystem. Operating under a dual-revenue strategy, DCL is focused on scaling both **advertising and non-advertising income**, ensuring long-term financial sustainability and digital-first transformation.
DCL, along with its wholly owned subsidiary **HT Digital Streams Ltd. (HTDSL)**, manages India’s premier digital news properties, including:
- **hindustantimes.com** (English general news)
- **livemint.com** (Business & financial news)
- **livehindustan.com** (Hindi general news)
These platforms are supported by a network of niche and regional digital ventures, offering tailored content across diverse audience segments.
---
### **Core Business Strategy**
DCL’s long-term growth is built on three pillars:
1. **Dual Revenue Model:**
- **Advertising Revenue:** Expansion of direct display, branded, and native advertising; increased client conversion; integration with group print operations; and flagship event hosting.
- **Non-Advertising Revenue:** Strategic focus on **digital subscriptions**, B2B partnerships, and **affiliate commerce** to diversify income streams beyond traditional advertising.
2. **Digital Subscriptions Growth:**
- DCL has successfully transitioned to a **user-level paywall** model, offering premium, ad-free access to in-depth journalism, personalized content, curated newsletters, and exclusive features.
- Subscriber growth is driven by **cohort-level analytics**, funnel optimization, and partnerships with institutions (academic, financial, enterprise).
- Collaborations with **global media partners** enhance subscription value through bundled international content.
3. **Global & Digital Expansion:**
- Strengthening presence in **international markets**, particularly the U.S., through programmatic advertising powered by scale, first-party data, and editorial excellence.
- Aggressive investment in **digital video**, **social media**, and **real-time reporting** to drive engagement and global reach.
---
### **Flagship Digital Platforms**
#### **1. hindustantimes.com**
- **India’s leading English-language digital news platform**.
- Achieved **over 100 million monthly active users (MAUs)** during peak events like the 2024 Lok Sabha elections, U.S. elections, and Mahakumbh 2025.
- Dominant on **YouTube**, ranked among the top publisher channels in India for views and watch time.
- Launched **Crickit**, a dedicated cricket platform offering live commentary, highlights, interactive polls, and quizzes; a top performer during IPL and World Cup seasons.
#### **2. livemint.com**
- A **leading Indian business & finance platform** with nearly two decades of credibility.
- Ranked **No. 2 in unique users** among business news websites in India (ComScore, March 2025).
- Offers multi-format content: web, app, video, podcasts, and newsletters.
- Features real-time tools like **market widgets**, **interactive dashboards**, and personalized feeds (e.g., ‘My Feed’, ‘Authors Feed’).
- Partnerships with global publications enhance international content access for subscribers.
#### **3. livehindustan.com**
- One of the **top Hindi digital news platforms**, consistently ranking among the highest traffic sites in the segment.
- Delivers **hyperlocal, real-time content** in areas like Entertainment, Astrology, Cricket, and Regional News.
- Strong multimedia focus: **leading in digital Hindi video content**, with interactive formats like Web Stories and live trackers.
- Achieved high **repeat engagement**, with millions of loyal users.
---
### **Niche & Specialized Platforms**
DCL has developed a portfolio of **genre-specific digital brands** to target engaged, audience-specific communities:
- **HT Tech:** A premier tech news destination offering product launches, reviews, unboxing videos, and tutorials. Strong social media presence and YouTube growth.
- **HT Auto:** Leading platform for automotive journalism, covering Indian and global vehicle launches, expert reviews, and industry trends.
- **Healthshots.com:** A digital-first health platform focused on **millennial and Gen Z women**, offering expert-backed, preventive health content in English and Hindi.
- **Desimartini.com:** India’s top entertainment portal for Bollywood and regional film news, reviews, trailers, and celebrity updates.
---
### **Vernacular & Regional Expansion**
A key strategic differentiator for DCL is its **multilingual content strategy**, targeting India’s vast non-metro and regional audiences:
- Operates **HT Bangla, HT Tamil, HT Telugu, HT Kannada, and HT Marathi** platforms.
- Content is **culturally and regionally relevant**, covering local news, entertainment, sports, and astrology.
- Platforms have seen **rapid user and pageview growth**, driven by mobile-friendly formats (e.g., Web Stories).
- HT Bangla stands out with unique finance-focused Hindi content, attracting a young, loyal millennial audience.
---
### **Technology & Innovation**
DCL leverages technology to enhance content delivery and monetization:
- **Personalization:** AI-driven features like ‘My Feed’ on livemint.com increase user retention.
- **Video & Social Media Strategy:** High performance on **YouTube, Facebook, and Twitter**, with Hindustan Times among the top digital publishers in engagement.
- **Performance Marketing:** Integrated brand solutions combining editorial excellence with digital advertising.
- **Data-Driven Journalism:** Real-time reporting capabilities and dynamic tools (election trackers, monsoon maps, market dashboards).
---
### **Subsidiaries & Group Structure**
- **HT Digital Streams Ltd. (HTDSL)** – Wholly owned subsidiary managing digital content and advertising for DCL’s platforms.
- **Hindustan Media Ventures Ltd. (HMVL)** – Publishes the Hindi daily *Hindustan* and operates synergistically with HTDSL.
- **HT Media Ltd. (HTML)** – Manages print, digital, and FM radio (via ‘Radio One’), with strong related-party integration for bundled advertising and shared services.
---
### **Audience Reach & Performance Highlights**
- **Collective digital platforms reach over 125 million unique users** (as of March 2024).
- **hindustantimes.com**: >100 million MAUs during peak events.
- **livemint.com**: No. 2 in business news traffic (ComScore, Mar 2025).
- **livehindustan.com**: No. 2 in Hindi news (ComScore, Mar 2021), with strong social media presence (7.1M+ Twitter, 6M+ Facebook).
- **HT Tech**: >200% YoY growth in traffic (FY 2022–23), fueled by video and mobile redesigns.
- **Desimartini.com**: 3x growth in MAUs, now a primary source for real-time entertainment news.