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Zee Media Corporation Ltd

ZEEMEDIA
NSE
7.19
3.16%
Last Updated:
02 Apr '26, 3:59 PM
Company Overview
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Zee Media Corporation Ltd

ZEEMEDIA
NSE
7.19
3.16%
02 Apr '26, 3:59 PM
Company Overview
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6M
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Quick Ratios

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Mkt Cap
Market Capitalization
450Cr
Close
Close Price
7.19
Industry
Industry
Entertainment & Media
PE
Price To Earnings
PS
Price To Sales
0.59
Revenue
Revenue
757Cr
Rev Gr TTM
Revenue Growth TTM
17.38%
PAT Gr TTM
PAT Growth TTM
-90.66%

Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
148140152167179176131159156182179240
Growth YoY
Revenue Growth YoY%
-40.4-32.2-22.2-2.321.225.3-13.8-4.7-12.93.636.750.7
Expenses
ExpensesCr
148160172193153161162153164163162162
Operating Profit
Operating ProfitCr
0-20-20-252615-316-8201778
OPM
OPM%
0.0-14.1-13.3-15.214.68.4-24.14.1-5.310.89.632.5
Other Income
Other IncomeCr
-2211434921-5111
Interest Expense
Interest ExpenseCr
765588787555
Depreciation
DepreciationCr
231920192730303029272726
PBT
PBTCr
-53-34-41-46-5-14-67-30-50-11-1349
Tax
TaxCr
-7-9-11-112-4-17-7-13-32-4
PAT
PATCr
-46-25-31-36-7-10-50-22-37-9-1653
Growth YoY
PAT Growth YoY%
11.0-409.0-154.1-87.485.859.0-62.437.6-464.715.168.8335.4
NPM
NPM%
-31.0-18.0-20.3-21.5-3.6-5.9-38.1-14.1-23.6-4.8-8.722.0
EPS
EPS
-0.7-0.4-0.5-0.6-0.1-0.2-0.8-0.4-0.6-0.1-0.30.8

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
544543450573687632649867721638622757
Growth
Revenue Growth%
62.4-0.3-17.127.519.8-8.02.733.6-16.9-11.4-2.621.8
Expenses
ExpensesCr
500464350441513449431613655677640650
Operating Profit
Operating ProfitCr
457910013317418321825466-39-18107
OPM
OPM%
8.214.522.223.225.328.933.629.39.1-6.1-3.014.1
Other Income
Other IncomeCr
312144-51-314-6-204-17228-2
Interest Expense
Interest ExpenseCr
534915181824243830243022
Depreciation
DepreciationCr
50472741558881859285119108
PBT
PBTCr
-56-4717949-243107-73-73-127-160-25
Tax
TaxCr
-121233036283145-4-28-40-17
PAT
PATCr
-43-5484913-27176-118-69-98-119-8
Growth
PAT Growth%
-302.489.51,162.11.7-73.1-2,158.0127.9-255.441.5-43.0-21.393.0
NPM
NPM%
-7.9-0.810.78.51.9-42.911.7-13.6-9.6-15.4-19.2-1.1
EPS
EPS
-1.3-0.1-0.40.4-0.1-5.81.6-2.1-1.1-1.6-1.9-0.1

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
364447474747476363636363
Reserves
ReservesCr
32550046962559131846935328418667134
Current Liabilities
Current LiabilitiesCr
328190212239271206266313331531502515
Non Current Liabilities
Non Current LiabilitiesCr
295356442120134155307203155148158126
Total Liabilities
Total LiabilitiesCr
9941,1041,1881,0531,0437261,105972873968880837
Current Assets
Current AssetsCr
206316230232358328730521234252279277
Non Current Assets
Non Current AssetsCr
788788957820684398375451638716601558
Total Assets
Total AssetsCr
9941,1041,1881,0531,0437261,105972873968880837

Cash Flow

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
-18349566591641232301467764
Investing Cash Flow
Investing Cash FlowCr
13-65-95-103-98-27-44-166-9815-7
Financing Cash Flow
Financing Cash FlowCr
19100-33-1534-51-29-120-93-92-48
Net Cash Flow
Net Cash FlowCr
1469-33-52-58751-56-45-18
Free Cash Flow
Free Cash FlowCr
-16-939-36010779132396953
CFO To PAT
CFO To PAT%
41.6-738.3197.2134.6446.9-60.4162.6-195.2-212.6-78.2-53.2
CFO To EBITDA
CFO To EBITDA%
-40.342.695.249.633.989.856.590.6222.9-196.4-344.0

Ratios

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
8338661,6671,7988641713001,036538652806
Price To Earnings
Price To Earnings
0.00.00.091.00.00.04.00.00.00.00.0
Price To Sales
Price To Sales
1.51.63.73.11.30.30.51.20.81.01.3
Price To Book
Price To Book
1.81.53.22.71.40.50.62.51.62.66.2
EV To EBITDA
EV To EBITDA
27.714.717.114.45.91.22.64.911.0-22.7-52.3
Profitability Ratios
Profitability Ratios
GPM
GPM%
90.391.9100.0100.0100.0100.0100.0100.0100.0100.0100.0
OPM
OPM%
8.214.522.223.225.328.933.629.39.1-6.1-3.0
NPM
NPM%
-7.9-0.810.78.51.9-42.911.7-13.6-9.6-15.4-19.2
ROCE
ROCE%
-0.44.914.212.18.2-47.114.9-5.3-7.9-20.8-42.7
ROE
ROE%
-12.0-0.89.37.32.1-74.314.7-28.4-19.9-39.7-92.2
ROA
ROA%
-4.3-0.44.14.71.3-37.36.8-12.1-7.9-10.2-13.6
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Company Snapshot** **Zee Media Corporation Limited (ZMCL)** is a pioneering force in India’s 24/7 news broadcasting sector and one of the country’s largest and most diversified news media networks. Operating across **linear television, digital platforms, mobile applications, and live events**, ZMCL serves global, national, and regional audiences through a multi-platform distribution strategy. The company has successfully transitioned from a traditional broadcaster to a **multi-format, technology-driven media enterprise** with a strong digital footprint and an expanding international presence. --- ### **Core Business & Portfolio** - **Linear TV Channels**: Operates **19 news channels**, including: - 1 global channel: **WION** - 4 national channels - 11 regional channels across languages like Hindi, Marathi, Bengali, Tamil, Telugu, Urdu, Odia, Punjabi, and more. - **Digital-Only Channels**: 3 digital-first news channels, with digital operations consolidated under **Indiadotcom Digital Private Limited (IDPL)**, a wholly owned subsidiary. - **Digital Ecosystem**: - Over **30 digital brands** (including Zee News, India.com, Zee Business, WION, Salaam TV, Pinewz) - **14 mobile apps** available on iOS and Android (e.g., Zee News Live, Zee 24 Ghanta, Zee Punjab Haryana Himachal) - Active presence across **social media platforms** (YouTube, Facebook, Instagram, X, LinkedIn, Snapchat) - **Audience Reach**: - **283 million** monthly individuals reached across India in FY 2024-25 - Digital platforms recorded **6.6 billion pageviews**, **193.1 million monthly average users**, and **299.2 million video views** in FY2024-25 - Zee Digital ranked **#3 in India’s news & information category** (ComScore, Feb 2025) --- ### **Strategic Transformation (2023–2025)** ZMCL has undergone a significant shift to adapt to evolving media consumption patterns: #### **1. Multi-Platform Expansion** - Migrated beyond linear TV to build a **parallel digital ecosystem** (websites, apps, OTT, social media). - **“Be Frugal” philosophy**: Emphasis on cost discipline and resource efficiency while scaling operations. - **Dual strategy** of **hyper-local content** (regional languages) and **global outreach** (via WION). - **Integrated content and packaging teams** ensure tailored storytelling across platforms. #### **2. Digital-First Innovation** - Launched **WION’s AI-powered podcast initiative** using Eleven Labs and NotebookLM: - Over **2,000 AI-generated videos** produced - One video surpassed **1 million views** - 33% of AI podcast viewers from the **USA**, indicating strong global traction - Increased **search traffic** and discoverability - Introduced **India’s first AI news anchor, 'Zeenia'**, during General Elections Exit Poll coverage, enhancing digital engagement and setting a benchmark in election reporting. - Deployed a new **in-house Content Management System (CMS)** for WION and Zee Rajasthan, enabling faster publishing, enhanced security, and streamlined editorial workflows. - Implemented a **Central Intelligence Dashboard (COIN)** for real-time analytics on content performance, audience behavior, and monetization KPIs. #### **3. Technology & Infrastructure** - **National news network** spans **bureaus, correspondents, and stringers** across India, supported by **international correspondents** and partnerships with global news agencies. - Equipped with **KU Band networks, OB vans, ENG systems**, enabling live, real-time reporting across platforms. - Strategic collaborations with **Motion Content Group (GroupM)** and global news distributors (Etisalat, Sky UK) to expand reach. #### **4. Audience & Brand Engagement** - **Single Sign-On (SSO)** integration across digital platforms: - 400,000+ sign-ups in 20 days - Enables **hyper-personalization**, behavioral targeting, and improved user retention - **“Switch”** platform launched to engage **Gen Z audiences** with youth-centric content. - **Petuz**, a food-focused digital app, represents strategic diversification beyond news. - Flagship show **"Kissa Kursi Ka"** and extensive election coverage for 200+ constituencies strengthened political journalism leadership. - **WION's 'Trailblazers'** series features top global leaders, enhancing its premium positioning. - **Zee Real Heroes** awards recognize social impact, building emotional connection with audiences. --- ### **Global Reach & WION's Growth** - **WION (World Is One News)**: - India’s first global English-language news channel with **an Indian perspective** - Distributed in **over 190 countries** via OTT, smart TVs, and digital platforms - **YouTube**: 24.8 million followers, ~352 million monthly video views - **Facebook**: 14.7 million followers - On-ground coverage of **Israel-Palestine War, Pokhara Air Crash**, and exclusive interviews (e.g., former PM Shinzo Abe) - Won **12 awards at NT Awards 2023**, including Best Live Reporting - Strong U.S. traction in AI podcast initiative—**33% of viewers from USA** - Dedicated **LinkedIn channel** and **Snapchat presence** to engage professionals and younger users --- ### **Regionalization & Localization Strategy** - Deep penetration into **linguistic and cultural niches** through 11 regional news channels and localized digital apps/websites. - **Flagship regional channels dominate** their markets: - *Zee Uttar Pradesh Uttarakhand*: **36.3% market share** (BARC, Oct 2024) - *Zee Delhi NCR Haryana*: **67.8% share** - *Salaam TV* (Urdu): **67.8% market share**, 16.8 min ATSV - **Pinewz app** supports **12 Indian languages**, enabling mass-scale multilingual access. --- ### **Financial & Revenue Model** - **Revenue Composition (as of 2024)**: - **~95% from advertising**, making ZMCL sensitive to macroeconomic fluctuations in ad spending - Actively working to **diversify into subscription-based models** and expand revenue streams - **Funding & Investment**: - Used recent capital raise (early 2025) to: - Expand into **global markets** - Launch **new digital products** - Invest in **AI, content quality, and marketing** - **Cost Rationalization & Focus**: - Transferred digital operations to a dedicated subsidiary (IDPL) for strategic focus - Implemented continuous cost optimization while scaling high-growth digital assets --- ### **Leadership & Expertise** - **Mr. Manish Seth** (Appointed Oct 2025): Brings **25+ years of media experience**, credited with **doubling digital revenue at TV9 Network** via integrated sales models. Former senior roles at **Zee Unimedia, Zee Media, and Bennett Coleman & Co.** - **Mr. Rajesh Sareen**: Veteran in **ad sales and business development** with 30+ years in media - **Mr. Dinesh Kumar Garg**: CA with 25+ years; instrumental in ZMCL’s transformation from a two-channel entity to a public news conglomerate --- ### **Brand & Market Position** - The **‘Zee’ brand** enjoys **strong brand equity**, built over four decades, with high consumer trust and recall - **Unified brand identity** reinforces consistency across platforms and strengthens market leadership - Diversified portfolio reduces **concentration risk** and allows tailored advertising solutions - **Zee News** remains the flagship brand, committed to **"free, fearless, and foremost journalism"** --- ### **Key Risks & Mitigation** - **High reliance on advertising revenue (~95%)**: Mitigated through audience growth, advertiser diversification, and exploration of subscription models. - **Competition from digital platforms and new entrants**: Countered by innovation (AI, personalization), regional dominance, and first-mover advantages. - **Leadership changes**: Proactively addressed through strategic hires and organizational restructuring. --- ### **Recent Milestones (2023–2025)** | Milestone | Date | |--------|------| | Launch of AI anchor 'Zeenia' | Sep 2024 | | Launch of Gen Z platform 'Switch' | Sep 2024 | | Petuz food app launch | Sep 2024 | | WION AI podcast initiative | Sep 2025 | | 400,000+ SSO sign-ups in 20 days | Sep 2025 | | COIN Dashboard rollout | Sep 2025 | | Expansion of WION to Snapchat & LinkedIn | Sep 2025 | | “Kissa Kursi Ka” political series | Sep 2025 | | Appointment of Manish Seth as key leader | Oct 2025 |