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Sambhaav Media Ltd

SAMBHAAV
NSE
6.63
1.78%
Last Updated:
29 Apr '26, 4:00 PM
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Sambhaav Media Ltd

SAMBHAAV
NSE
6.63
1.78%
29 Apr '26, 4:00 PM
Company Overview
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6M
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Quick Ratios

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Mkt Cap
Market Capitalization
127Cr
Close
Close Price
6.63
Industry
Industry
Entertainment - Electronic Media
PE
Price To Earnings
PS
Price To Sales
3.05
Revenue
Revenue
41Cr
Rev Gr TTM
Revenue Growth TTM
-5.79%
PAT Gr TTM
PAT Growth TTM
-126.22%
Peer Comparison
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VS

Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
127101013911111191011
Growth YoY
Revenue Growth YoY%
3.2-31.610.02.813.337.68.96.7-16.61.0-5.61.1
Expenses
ExpensesCr
11888108109108810
Operating Profit
Operating ProfitCr
1-11231121122
OPM
OPM%
5.4-15.714.820.424.213.39.618.611.610.817.314.7
Other Income
Other IncomeCr
101110100000
Interest Expense
Interest ExpenseCr
111100000000
Depreciation
DepreciationCr
211111111111
PBT
PBTCr
-2-30120010000
Tax
TaxCr
0-10000000010
PAT
PATCr
-2-20020000000
Growth YoY
PAT Growth YoY%
-5,700.0-2,175.0-110.0322.2198.291.838.1-17.5-105.0-86.7-223.1-33.3
NPM
NPM%
-19.5-27.4-2.13.816.9-1.6-1.23.0-1.0-3.0-4.21.9
EPS
EPS
-0.1-0.10.00.00.10.00.00.00.00.00.00.0

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
233133404248423440404241
Growth
Revenue Growth%
31.37.722.45.313.8-12.9-19.318.7-0.94.8-0.9
Expenses
ExpensesCr
162627323543373435343636
Operating Profit
Operating ProfitCr
756885505666
OPM
OPM%
30.015.819.019.617.910.212.61.013.114.313.313.7
Other Income
Other IncomeCr
184434333321
Interest Expense
Interest ExpenseCr
323223323211
Depreciation
DepreciationCr
223446756565
PBT
PBTCr
385640-2-40110
Tax
TaxCr
0312100-11001
PAT
PATCr
463431-2-3-110-1
Growth
PAT Growth%
56.8-39.821.4-36.6-79.7-417.2-78.557.9212.3-77.6-288.3
NPM
NPM%
15.218.110.210.16.11.1-3.9-8.7-3.13.50.8-1.4
EPS
EPS
0.20.40.20.20.10.0-0.10.0-0.10.00.00.0

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
151516191919191919191919
Reserves
ReservesCr
364153656768666663646564
Current Liabilities
Current LiabilitiesCr
1820201321201714151097
Non Current Liabilities
Non Current LiabilitiesCr
528441110710766
Total Liabilities
Total LiabilitiesCr
73779810111111811210711010310198
Current Assets
Current AssetsCr
313724202739404241343132
Non Current Assets
Non Current AssetsCr
424174818479736569697066
Total Assets
Total AssetsCr
73779810111111811210711010310198

Cash Flow

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
55109-3126941621
Investing Cash Flow
Investing Cash FlowCr
14-26-5-7-7-2-2-6-8-18
Financing Cash Flow
Financing Cash FlowCr
-5-615-39-6-5-81-8-3
Net Cash Flow
Net Cash FlowCr
02-110-100000
Free Cash Flow
Free Cash FlowCr
56-172-10558-2818
CFO To PAT
CFO To PAT%
142.685.4305.3228.7-99.22,268.7-388.2-311.8-347.91,167.66,676.4
CFO To EBITDA
CFO To EBITDA%
72.198.0163.1117.3-33.6241.4121.42,783.982.4286.5374.4

Ratios

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
4669103176823238784896101
Price To Earnings
Price To Earnings
13.112.430.243.833.156.30.00.00.0166.70.0
Price To Sales
Price To Sales
2.02.23.14.31.90.70.92.31.22.42.4
Price To Book
Price To Book
1.11.41.62.10.90.40.50.90.61.11.2
EV To EBITDA
EV To EBITDA
8.916.318.822.612.89.010.8276.912.618.920.0
Profitability Ratios
Profitability Ratios
GPM
GPM%
71.451.255.463.664.061.762.753.156.660.162.0
OPM
OPM%
30.015.819.019.617.910.212.61.013.114.313.3
NPM
NPM%
15.218.110.210.16.11.1-3.9-8.7-3.13.50.8
ROCE
ROCE%
9.015.28.59.05.63.00.9-2.12.33.61.7
ROE
ROE%
7.110.04.84.83.00.6-1.9-3.5-1.51.70.4
ROA
ROA%
4.97.23.44.02.30.4-1.5-2.8-1.11.40.3
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Company Overview** Sambhaav Media Limited (SML), incorporated in 1990 and founded in 1986 as a print publication, is a pioneering and fully integrated media enterprise based in Gujarat, India. It is the only media company from Gujarat with a comprehensive presence across **print, electronic, and digital media platforms**. Guided by the founding philosophy of *“Do NOT sensationalize, Sensitize”* by journalist Bhupatbhai Vadodaria, SML has evolved into a diversified media powerhouse under the leadership of **Mr. Manoj B. Vadodaria**, who serves as Chairman & Managing Director. Sambhaav Media operates under a strategic **integrated print-to-digital business model**, offering financial resilience through diversified revenue streams and hedging against market volatility. The company exemplifies innovation by blending traditional journalism with cutting-edge technology and digital transformation. --- ### **Business Segments & Platforms** #### **1. Print Media** - **Sambhaav Metro**: An Ahmedabad-based afternoon daily offering infotainment through local news, business, entertainment, lifestyle, and light reading. It has built a loyal urban readership via reader-friendly content and community engagement. - **Abhiyaan Magazine**: A leading Gujarati weekly magazine with strong circulation among affluent and progressive Gujarati communities in India and globally (UK, USA, Australia). Known for bold socio-political coverage and contemporary features on youth, health, fashion, and lifestyle. - Digital presence reinforced via **www.abhiyaanmagazine.com** and robust social media engagement. #### **2. Electronic Media** - **VTV Gujarati**: A **24x7 Gujarati news channel**, recognized as a market leader in regional electronic media. It was Gujarat’s first standard-definition (SD) and later upgraded to HD, with studios enhanced using state-of-the-art broadcasting technology. - Produces over **170 news items daily**, maintaining editorial neutrality and high credibility. - Available on leading **OTT platforms** and reaches international audiences in Africa, Europe, and Australia. - Inaugurated by the Chief Minister of Gujarat in 2019 post-technology upgrade. - **FM Radio Network**: - Operates **13 FM radio stations** across Gujarat (Bhavnagar, Jamnagar, Junagadh, Porbandar, Mehsana, Bharuch, Godhra, etc.) and in **Jammu & Kashmir (Kathua, Poonch, Leh, Kargil)**. - Focuses on **hyper-local content, grassroots storytelling**, and listener analytics. - Leverages **radio automation software** for 24/7 operations, reducing costs and enabling innovation in programming. - **Top FM** targets Tier II and III cities, launching **Top Music Awards**—a pioneering regional event with strong audience traction. - **WISE TV**: India’s **first in-transit television channel**, installed on over **8,300 GSRTC buses** and at 100 depots. Provides entertainment and public service content to an estimated **2 million+ passengers daily**. #### **3. Digital Media & Technology** - **Digital Platforms**: - **www.vtvgujarati.com** – A leading Gujarati digital news platform attracting over **95 lakh unique users monthly** as of 2025 (up from 60 lakh in 2022). - **www.sambhaav.com**, **www.topfm.in**, **www.vtvnews.co.in** - Over **1 million followers each on Facebook and YouTube** for VTV Gujarati. - Achieved **more than double year-on-year growth** in digital traffic, becoming one of Gujarat’s top digital news brands. - Generates **4 crore+ page views** and **14 crore+ YouTube impressions monthly**. - **Mobile Applications**: Native iOS and Android apps enhance user engagement and support mobile-first content consumption. - **AI & Digital Transformation**: - Implements **AI-driven content curation**, real-time analytics, and automated dashboards. - Expanding **e-paper access** and investing in **data-driven storytelling** to strengthen multimedia integration. - **GPS & Public Information Systems**: - Developed and operates an **Integrated Vehicle Tracking & Passenger Information System (IVT & PIS)** for **GSRTC**. - Deployed across **8,300+ buses and 100 bus depots**. - Provides real-time tracking, arrival/departure updates, safety alerts, and cultural content. - Contract initially implemented in 2016 (5+3 year term) and consistently renewed; serves as a stable cash-flow generator. - Holds **exclusive marketing rights** for LED displays across GSRTC buses and depots. - Aims to replicate this model with other state transport corporations nationwide. --- ### **Strategic Diversification & Subsidiaries** Sambhaav Media has extended beyond core media through strategic diversification: - **Ved Technoserve Pvt. Ltd.**: Wholly-owned subsidiary engaged in non-media ventures. - Executed a **pilot project for an Electric Smart Power Fence** at **Pathankot Airbase** for **Bharat Electronics Limited (BEL)**. - Potential rollout to **22 Indian Air Force bases** and **150+ airports** across India—positioning SML as a player in **national security infrastructure**. - **Sambhaav Nascent LLPP**: Joint venture focused on digital platform development; instrumental in scaling regional digital content and entertainment. --- ### **Operational & Market Strength** - **Geographic Reach**: Strong saturation in Gujarat, with expansion into **Jammu & Kashmir and Ladakh**, enhancing regional and cultural relevance. - **Urban & Rural Penetration**: Balances urban-centric brands (Sambhaav Metro) with rural-connect programming (FM Radio, in-transit media). - **Ad Revenue & Stability**: - **Advertising** contributes high-margin revenues. - **GSRTC contracts** ensure reliable, time-bound cash collection. - FM radio generates **~60% of total revenue** through differentiated programming and SME-focused advertising solutions. - **Cross-Media Integration**: Unified editorial strategy across platforms amplifies impact and strengthens brand coherence. --- ### **Leadership & Governance** - **Mr. Manoj B. Vadodaria** – Chairman & MD, driving the company’s evolution into a multi-platform media and tech enterprise. - **Kiran B. Vadodaria** – Former CMD; led 15-year transformation from print to digital and electronic media. - **Amit Kumar Ray** – Whole-Time Director since 2013; brings 30+ years of experience from McCann Erickson, Reliance Infocomm; expert in media planning and advertising. - Professional board and management ensure scalable, future-ready strategy. --- ### **Financial & Market Recognition** - Included in the **Nifty Waves Index**, reflecting market credibility and leadership in **innovative media solutions**. - Stable revenue mix: **Advertising (high margin) + Government Contracts (GSRTC – stable cash flow)**. - Ongoing **digital monetization**, content syndication, OTT distribution, and smart speaker/voice-based audio expansion.