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H T Media Ltd

HTMEDIA
NSE
22.60
2.17%
Last Updated:
29 Apr '26, 4:00 PM
Company Overview
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H T Media Ltd

HTMEDIA
NSE
22.60
2.17%
29 Apr '26, 4:00 PM
Company Overview
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6M
Price
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Quick Ratios

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Mkt Cap
Market Capitalization
526Cr
Close
Close Price
22.60
Industry
Industry
Entertainment & Media
PE
Price To Earnings
2,260.00
PS
Price To Sales
0.28
Revenue
Revenue
1,874Cr
Rev Gr TTM
Revenue Growth TTM
6.68%
PAT Gr TTM
PAT Growth TTM
-131.89%
Peer Comparison
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HTMEDIA
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Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
441393394443464379424490514412452497
Growth YoY
Revenue Growth YoY%
4.9-6.3-3.70.65.2-3.87.510.610.68.96.51.4
Expenses
ExpensesCr
481419428458463420447484488442456482
Operating Profit
Operating ProfitCr
-39-25-34-151-41-23626-30-415
OPM
OPM%
-8.9-6.4-8.5-3.40.3-10.9-5.41.25.0-7.2-0.93.0
Other Income
Other IncomeCr
535224432495641693947-5
Interest Expense
Interest ExpenseCr
171720212017181616151515
Depreciation
DepreciationCr
313030293127242423232522
PBT
PBTCr
-34-21-81-21-17-36-9655-283-27
Tax
TaxCr
-14-2-24-6-17-9-3103-177-3
PAT
PATCr
-21-19-57-150-28-6-351-11-4-24
Growth YoY
PAT Growth YoY%
-234.754.666.036.398.5-45.488.978.616,667.758.831.4-631.5
NPM
NPM%
-4.7-4.8-14.4-3.4-0.1-7.3-1.5-0.710.0-2.8-1.0-4.8
EPS
EPS
-0.7-0.8-2.2-0.60.1-1.1-0.3-0.31.8-0.6-0.2-1.0

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
2,2902,5022,4522,2992,1992,0831,1171,5001,7111,6951,8061,874
Growth
Revenue Growth%
4.09.3-2.0-6.2-4.4-5.3-46.434.314.0-1.06.53.8
Expenses
ExpensesCr
2,0212,1792,1541,9352,2151,9401,2411,4741,8511,7671,8381,867
Operating Profit
Operating ProfitCr
269323298365-16143-12427-140-73-337
OPM
OPM%
11.712.912.215.9-0.76.9-11.11.8-8.2-4.3-1.80.4
Other Income
Other IncomeCr
154156229284201-205211177154129213151
Interest Expense
Interest ExpenseCr
4763958111499565576786762
Depreciation
DepreciationCr
1001021251211081821371351321199893
PBT
PBTCr
275314308446-36-344-10614-193-140152
Tax
TaxCr
57806794-52-2-45-758-491-9
PAT
PATCr
21823424135216-342-6121-252-911412
Growth
PAT Growth%
-6.37.33.046.3-95.5-2,251.382.1135.2-1,272.663.7115.5-15.8
NPM
NPM%
9.59.39.815.30.7-16.4-5.51.4-14.7-5.40.80.6
EPS
EPS
6.96.76.511.8-0.5-15.0-3.10.8-9.8-3.50.10.0

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
464646464646464646464646
Reserves
ReservesCr
1,8562,0362,1862,4982,4652,1092,0432,0371,7531,6681,6201,606
Current Liabilities
Current LiabilitiesCr
1,1851,9241,9862,0261,7861,4671,6221,6211,7581,7981,7101,844
Non Current Liabilities
Non Current LiabilitiesCr
112814032329323228275241253173126
Total Liabilities
Total LiabilitiesCr
3,3924,3214,5584,9444,9904,3464,3464,3784,1534,1083,9334,008
Current Assets
Current AssetsCr
1,2111,5049771,5052,2591,3271,1221,8281,4351,8461,9992,080
Non Current Assets
Non Current AssetsCr
2,1812,8183,5813,4392,7313,0193,2242,5502,7192,2631,9341,879
Total Assets
Total AssetsCr
3,3924,3214,5584,9444,9904,3464,3464,3784,1534,1083,9334,008

Cash Flow

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
409210306309733820314-47-5357
Investing Cash Flow
Investing Cash FlowCr
-179-879-266-245115420-604248142170
Financing Cash Flow
Financing Cash FlowCr
-157636-62-9-206-585-112-32-207-57-253
Net Cash Flow
Net Cash FlowCr
73-33-2254-18-12731-13-631-27
Free Cash Flow
Free Cash FlowCr
318-368263318016191-8-71-33107
CFO To PAT
CFO To PAT%
187.890.0127.387.7458.5-11.1-332.267.318.758.2398.3
CFO To EBITDA
CFO To EBITDA%
152.465.2102.784.7-458.826.7-163.754.533.773.0-173.2

Ratios

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
2,8841,7711,9271,9621,044233484775350616382
Price To Earnings
Price To Earnings
16.110.211.26.30.00.00.043.30.00.0205.1
Price To Sales
Price To Sales
1.30.70.80.80.50.10.40.50.20.40.2
Price To Book
Price To Book
1.50.80.90.80.40.10.20.40.20.40.2
EV To EBITDA
EV To EBITDA
11.38.39.78.1-119.26.3-9.757.8-7.9-19.0-31.9
Profitability Ratios
Profitability Ratios
GPM
GPM%
67.671.171.671.264.472.976.772.964.570.977.0
OPM
OPM%
11.712.912.215.9-0.76.9-11.11.8-8.2-4.3-1.8
NPM
NPM%
9.59.39.815.30.7-16.4-5.51.4-14.7-5.40.8
ROCE
ROCE%
14.312.012.114.22.1-8.4-1.72.3-4.4-2.43.5
ROE
ROE%
11.411.210.813.80.6-15.9-2.91.0-14.0-5.30.8
ROA
ROA%
6.45.45.37.10.3-7.9-1.40.5-6.1-2.20.4
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Overview** **H T Media Ltd (HTML)** is a leading Indian media and entertainment conglomerate with a legacy spanning over a century, rooted in responsible journalism and evolving into a diversified multi-platform content provider. The company operates across three core segments: **Print Publishing, Radio Broadcasting, and Digital Services**, with a strategic focus on innovation, digital transformation, and audience-centric growth. HTML’s flagship print brands—**Hindustan Times (English), Hindustan (Hindi), and Mint (business)**—continue to hold strong positions in their respective markets, supported by credible, purpose-driven journalism. Simultaneously, the company has aggressively expanded into digital ecosystems, investing in high-growth adjacencies including **online recruitment, OTT aggregation, business intelligence, podcasts, and digital upskilling**, positioning itself as a future-ready media organization. --- ### **Core Business Segments** #### **1. Print & Publishing** - **Flagship Brands**: - *Hindustan Times*: A premier English daily with deep market penetration in metro and Tier-1 cities. Known for quality journalism and national reach. - *Hindustan*: A leading Hindi daily with dominant presence in North India, particularly in **Bihar, Uttar Pradesh, Uttarakhand, and Delhi-NCR**, where it holds either monopoly or duopoly positions. - *Mint*: A respected English business daily offering analytical, data-driven coverage focused on entrepreneurship, policy, and financial markets. - **Recent Developments**: - Expansion of Mint’s print presence to new cities, including **Chandigarh**. - Print revenue strategy includes **cover-price optimization, bundled offerings, subscription growth, and flagship brand campaigns**. - Pricing recovery initiatives launched post-COVID to restore profitability despite newsprint cost volatility and advertising headwinds. #### **2. Radio Broadcasting** - **Portfolio of Music & Lifestyle Brands**: - **Fever FM**: India’s leading Contemporary Hit Radio (CHR) brand targeting youth audiences in major metros (Delhi, Mumbai, Bengaluru, Kolkata). Recently rebranded with **"Happening Hai"** for enhanced urban appeal. - **Punjabi Fever**: A vernacular extension of Fever FM tailored for Delhi’s Punjabi-speaking audience, offering localized music and weekend shows. - **Radio Nasha**: India’s **first and only retro Bollywood FM channel**, dedicated to 1970s–1990s music. Broadcasts in **Mumbai and Kolkata**, with niche celebrity-hosted programming. - **Radio One**: A cosmopolitan brand offering global music formats and international content, including live coverage of events like the Grammys. Also operates **Radio One International**. - **Radio Growth Drivers**: - Strong non-Free Commercial Time (NFCT) revenue via **branded events, multimedia activations, and intellectual property (IP) development**. - Organized over five major events annually (e.g., *Beered Up Fest, The Laughology Project, Yoga BootCamp*) to expand audience engagement. - Strategic shift to event-led monetization and audience-centric content innovation post-pandemic. - Plans to expand Fever FM’s relevance among younger urban demographics through rebranding and multimedia integration. - **Market Reach**: - Operates **22 radio stations across 15 Indian cities**, ranking among the top private radio operators in India. - **Fever FM** holds No. 1 listener share in Delhi, Mumbai, and Bengaluru (RAM Q4 FY2020). --- #### **3. Digital Services** The digital segment has emerged as a key growth engine, comprising: - **OTTplay** (OTT aggregation) - **Shine & Shine Learning** (recruitment and upskilling) - **Mosaic Digital** (business & tech intelligence) - **HT Smartcast** (podcasting) - **HT Labs** (innovation incubator) --- ### **Digital Initiatives & Investments** #### **OTTplay – India’s Leading OTT 'Super App'** - **Launch**: January 2024; officially monetized by FY2025. - **Function**: A **single-sign-on, bundled subscription platform** aggregating content from **35+ OTT partners**, including Netflix, Prime Video, Disney+, SonyLIV, and regional streaming services. - **Offerings**: - Access to **over 400 live TV channels**. - Multilingual support (up to **7 Indian languages**). - Personalized recommendation engine, curated content rails, and user reviews. - Includes **sports, devotional, kids, regional entertainment**, and live event streaming. - **Go-to-Market**: - **Phygital (physical + digital) strategy** – partnerships with **BSNL (BiTV), telecom providers, and cable operators** to bundle subscriptions. - Targets **Tier 2 & Tier 3 towns**, where broadband infrastructure is limited and standalone OTT access remains fragmented. - **Competitive Edge vs. Jio**: - Offers **lower effective cost**, seamless UX (no multi-login friction), and broader genre coverage. - Independent from telecom bundling, allowing deeper focus on **content discovery and user personalization**. - **Adoption & Performance (as of Sep 2025)**: - Rapid user acquisition, **high renewal rates**, and rising engagement. - **One of India’s largest OTT aggregators** with growing market share. - Joined **ONDC (Open Network for Digital Commerce)** to innovate in content discovery and audience reach. - Positioned as a **leading player in India’s digital entertainment landscape**, with strong revenue and user base growth in FY2025. --- #### **Shine – Online Recruitment & Upskilling Platform** - **Core Offerings**: - **Shine.com**: One of India’s **largest job portals**, connecting **50M+ candidate profiles** with employers across sectors. - **Recruiter Tools**: AI-powered screening, automated workflows, Interview-as-a-Service, and Assessment-as-a-Service. - **AI & Tech Innovation**: Uses **large language models (LLMs)**, generative AI, and a benchmarked recommendation engine to reduce **time-to-hire** and improve candidate matching. - **Partnerships**: Collaborated with Mint to release **Quarterly Talent Insights Report**, offering market intelligence. - **Shine Learning**: - Upskilling arm offering **online courses and certifications** aligned with recruiter demands and industry trends. - Extends Shine’s role from job portal to **comprehensive career partner**. - **Growth Outlook**: - Strong revenue growth and improving profitability. - Investing in AI-driven product relevance and **expanding into professional certifications and B2B enterprise solutions**. --- #### **Mosaic Digital – Business & Tech Intelligence Hub** - **Portfolio Includes**: - **VCCircle**: Leading news platform on India’s **startup, private equity, and venture capital sectors**. - **TechCircle**: Authority on enterprise tech, emerging technologies, and digital disruption. - **VCCEdge**: Premium **market intelligence & research platform** with proprietary deal, company, and financial data used by investors and financial institutions. - **SalesEdge**: Provides insights into **enterprise technology spending patterns**, supporting go-to-market and advisory services. - **Business Model**: - Revenue from **subscriptions, syndication, high-profile industry events, and strategic advisory services**. - Hosts niche forums such as **LP Summit, Family Office Forum, Healthcare Investment Summit**. - Events act as **high-value engagement touchpoints**, strengthening brand loyalty and ecosystem positioning. - **Recent Performance**: - Consistent growth in research and events; **reinforced synergy with Mint’s business journalism**. - Expanding data offerings and integrating AI to enhance predictive analytics for private market professionals. --- #### **HT Smartcast – India’s Largest Single-Publisher Podcast Platform** - Offers **230+ podcasts across 20 genres and 8 languages**. - Covers **news, sports, fashion, finance, and nostalgia**. - Content distributed via **own app and third-party platforms**, reaching both casual and dedicated podcast listeners. - Aims to become a **global curator of premium audio narratives** and branded storytelling. --- #### **HT Labs – Innovation & Incubation Arm** - Internal incubator focused on **6–7 new digital ventures**. - Portfolio includes: - **OTTplay** - **Slurrp** (recipe aggregation/food tech) - **UPublish** (content management system for publishers) - **HT School** (digital learning for school students) - Supports company’s strategic shift toward **scalable, digitally native businesses beyond traditional media**. --- ### **Strategic Focus (FY2025–26 Outlook)** 1. **Digital Transformation as Priority**: - Scaling digital businesses—**OTTplay, Shine, and Mosaic Digital**—to balance reliance on traditional print revenues. - Digital now represents a **significant and growing** portion of consolidated revenue. 2. **Print Business Stabilization**: - Focus on **circulation growth, cover-price optimization, and advertiser retention**. - Print revenue, once ~85% of total, has reduced but remains foundational. - Targeting **new-age advertisers** and high-value brand campaigns. 3. **Radio Monetization & Brand Extension**: - Moving beyond FCT to **non-core advertising, branded content, and live events**. - Rebranding Fever FM to appeal to youth and drive engagement. 4. **Investment Approach**: - Willing to **absorb near-term investment pressures** in digital ventures for long-term market leadership. - **No fixed cap on OTTplay investment**—will scale based on traction. 5. **"Ad for Equity" (AFE) Program**: - High-return, low-risk investment model via **barter agreements**. - Portfolio includes **EazyDiner, Samast Technologies**, among others. - Generates long-term value without cash outflow. 6. **Revenue Diversification**: - Transitioning from **ad-circulation dependency** to **subscription, SaaS, and platform-based models**. - Target audience expansion from urban English-speaking elites to **mass-market, Tier 2/3, and regional consumers**. --- ### **Competitive Advantages** - **Brand Trust & Journalistic Credibility**: A cornerstone across all print and digital products. - **Multi-Platform Ecosystem**: Integrated reach via print, radio, digital, and events. - **AI & Tech-Driven Innovation**: Deep integration of AI in recruitment (Shine), OTT personalization (OTTplay), and business intelligence (Mosaic). - **First-Mover Edge in Aggregation**: OTTplay’s **unified login and bundled pricing model** differentiates it in a fragmented market. - **Niche Audience Targeting**: Radio brands and digital products cater to specific demographics, reducing overlap and enhancing relevance. ---