Den Networks
Den Networks
MediaKey Fundamentals
MicrocapTV Broadcasting & MediaMediaTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company is almost debt free.
- Stock is trading at 0.34 times its book value
Weaknesses
4- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -5.71% over past five years.
- Company has a low return on equity of 0.94% over last 3 years.
- Earnings include an other income of Rs.220 Cr.
Growth Rate
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 273 | 277 | 273 | 258 | 248 | 249 | 261 | 248 | 241 | 241 | 251 | 241 | 243 |
| Expenses | 244 | 235 | 233 | 218 | 221 | 221 | 233 | 220 | 222 | 223 | 238 | 225 | 231 |
| Operating Profit | 29 | 42 | 40 | 40 | 27 | 28 | 27 | 28 | 19 | 18 | 13 | 15 | 12 |
| OPM % | 11% | 15% | 15% | 16% | 11% | 11% | 10% | 11% | 8% | 7% | 5% | 6% | 4.7% |
| Other Income | 50 | 52 | 51 | 57 | 55 | 69 | 55 | 67 | 71 | 52 | 58 | 55 | 55 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 0 | 0 | 0 | 0 |
| Depreciation | 28 | 29 | 28 | 28 | 26 | 27 | 26 | 26 | 24 | 23 | 23 | 21 | 20 |
| PBT | 50 | 64 | 62 | 69 | 55 | 69 | 55 | 69 | 65 | 46 | 48 | 49 | 46 |
| Tax % | 15% | 29% | 23% | -12% | 22% | 25% | 24% | 13% | 17% | 24% | 16% | 26% | 26% |
| Net Profit | 42 | 46 | 48 | 77 | 43 | 52 | 42 | 60 | 54 | 35 | 40 | 36 | 35 |
| EPS in Rs | 0.89 | 0.96 | 0.99 | 1.66 | 0.95 | 1.09 | 0.84 | 1.3 | 1.14 | 0.74 | 0.8 | 0.8 | 0.77 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,130 | 948 | 1,157 | 1,285 | 1,206 | 1,291 | 1,307 | 1,226 | 1,130 | 1,081 | 1,005 | 974 | 976 |
| Expenses | 1,037 | 1,123 | 981 | 1,007 | 1,029 | 1,079 | 1,058 | 1,024 | 979 | 927 | 893 | 904 | 918 |
| Operating Profit | 93 | -176 | 176 | 278 | 177 | 212 | 250 | 202 | 152 | 154 | 112 | 70 | 58 |
| OPM % | 8% | -19% | 15% | 22% | 15% | 16% | 19% | 16% | 13% | 14% | 11% | 7% | 6% |
| Other Income | 88 | 51 | 10 | 30 | -165 | 176 | 190 | 120 | 112 | 206 | 244 | 231 | 220 |
| Interest | 82 | 79 | 65 | 66 | 59 | 32 | 3 | 0 | 1 | 3 | 2 | 2 | 2 |
| Depreciation | 186 | 206 | 276 | 249 | 242 | 247 | 251 | 148 | 119 | 113 | 106 | 91 | 87 |
| PBT | -88 | -409 | -155 | -7 | -288 | 110 | 186 | 174 | 143 | 245 | 249 | 208 | 190 |
| Tax % | 38% | 5% | 21% | 139% | 4% | 47% | -2% | 2% | -65% | 13% | 21% | 20% | — |
| Net Profit | -122 | -431 | -188 | -17 | -301 | 59 | 189 | 171 | 236 | 213 | 197 | 166 | 147 |
| EPS in Rs | -8.08 | -24.21 | -10.74 | -1.76 | -5.81 | 1.47 | 4.15 | 3.69 | 5.09 | 4.5 | 4.19 | 3.47 | 3.11 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 178 | 178 | 194 | 195 | 477 | 477 | 477 | 477 | 477 | 477 | 477 | 477 |
| Reserves | 1,532 | 792 | 620 | 591 | 2,069 | 2,126 | 2,298 | 2,476 | 2,731 | 2,943 | 3,143 | 3,308 |
| Borrowings | 998 | 854 | 505 | 530 | 482 | 213 | 0 | 0 | 28 | 26 | 23 | 20 |
| Other Liabilities | 649 | 1,107 | 1,088 | 1,041 | 927 | 872 | 678 | 554 | 524 | 481 | 500 | 478 |
| Total Liabilities | 3,357 | 2,931 | 2,407 | 2,357 | 3,955 | 3,688 | 3,452 | 3,507 | 3,759 | 3,927 | 4,142 | 4,283 |
| Fixed Assets | 1,425 | 1,474 | 1,299 | 1,186 | 935 | 763 | 609 | 557 | 562 | 515 | 463 | 404 |
| CWIP | 110 | 129 | 45 | 50 | 19 | 21 | 37 | 21 | 29 | 18 | 14 | 8 |
| Investments | 145 | 109 | 101 | 127 | 2,139 | 70 | 2,140 | 1,913 | 1,426 | 1,709 | 1,516 | 210 |
| Other Assets | 1,676 | 1,219 | 962 | 994 | 862 | 2,834 | 666 | 1,016 | 1,741 | 1,685 | 2,149 | 3,661 |
| Total Assets | 3,357 | 2,931 | 2,407 | 2,357 | 3,955 | 3,688 | 3,452 | 3,507 | 3,759 | 3,927 | 4,142 | 4,283 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 61 | 8 | 202 | 185 | 42 | 268 | 218 | 129 | 139 | 84 | 18 | -17 |
| Investing | -48 | 186 | 2 | -80 | -2,047 | 429 | -361 | -258 | -54 | -66 | -22 | 24 |
| Financing | -109 | -161 | -277 | -41 | 1,933 | -688 | 134 | 96 | -115 | -7 | -7 | -3 |
| Net Cash Flow | -96 | 33 | -74 | 64 | -72 | 9 | -9 | -33 | -30 | 11 | -11 | 4 |
| Free Cash Flow | -243 | -371 | 39 | 30 | -54 | 195 | 109 | 27 | 41 | 30 | -22 | -57 |
| CFO/OP | 145 | -35 | 132 | 66 | 43 | 126 | 62 | 59 | 69 | 59 | 45 | 99 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 129 | 101 | 74 | 86 | 68 | 38 | 26 | 21 | 28 | 37 | 55 | 40 |
| Cash Conversion Cycle | 129 | 101 | 74 | 86 | 68 | 38 | 26 | 21 | 28 | 37 | 55 | 40 |
| Working Capital Days | -194 | -277 | -167 | -99 | -125 | -155 | -86 | -78 | -82 | -69 | -66 | -60 |
| ROCE % | -1% | -12% | -4% | 4% | -1% | 4% | 2% | 2% | 3% | 2% | 3% | 3% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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Documents
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Company Information
Den network ltd is a mass media & entertainment company that provides visual entertainment to its customers through cable TV, over-the-top (OTT) entertainment, and broadband services. It has curated media content from Various broadcasters across a wide range of genres and entertains 13 million+ households in India across 13 key states and 433 cities and is the Largest Subscriber Base amongst all cable players in India.[1]
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