Sun TV Network Ltd
Sun TV Network Ltd
Consumer DiscretionaryKey Fundamentals
SmallcapTV Broadcasting & MediaMediaInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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28 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
2- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 34.4%
Weaknesses
2- The company has delivered a poor sales growth of 6.41% over past five years.
- Working capital days have increased from 245 days to 596 days
Growth Rate
AI Analysis — Bull vs Bear
Sun TV Network Ltd trades at a market cap of ₹19,328 Cr with a PE of 13.4x and dividend yield of 2.56%. The company is virtually debt-free but faces challenges with declining profitability (TTM profit growth of -14%) and deteriorating working capital efficiency (days increasing from 245 to 596). ROE has moderated from a 10-year average of 20% to 12% in the last year.
- Virtually debt-free balance sheet provides financial resilience and flexibility for capital allocation
- Attractive valuation at PE of 13.4x, well below the broader market median, offering a margin of safety
- Dividend yield of 2.56% with a consistent payout ratio of 34.4%, providing tangible cash returns to shareholders
- 10-year compounded profit growth of 7% demonstrates long-term earnings compounding ability
- Price-to-book ratio of 1.52x indicates the stock is not excessively priced relative to its net asset base
- 10-year average ROE of 20% reflects a historically strong business franchise with durable competitive advantages in regional media
- TTM revenue growth of 8% shows an acceleration versus the 5-year CAGR of 6%, suggesting improving top-line momentum
- Market cap of ₹19,328 Cr with minimal debt implies enterprise value is largely equity-funded, reducing financial risk
- TTM profit declined 14% year-over-year, indicating meaningful earnings deterioration in the most recent period
- Working capital days ballooned from 245 to 596, signaling significant cash conversion cycle deterioration and potential receivable collection issues
- Last year ROE dropped to 12% versus 10-year average of 20%, a 40% decline in return on equity efficiency
- 5-year compounded profit growth of 0% shows complete earnings stagnation over a medium-term horizon
- 5-year sales CAGR of only 6.41% indicates structural low-growth revenue profile in a competitive media landscape
- Stock CAGR of -13% over 1 year and -4% over 3 years reflects sustained negative price momentum and investor de-rating
- 3-year compounded profit decline of -4% per annum suggests a worsening earnings trend rather than a one-off
- 10-year stock CAGR of just 1% indicates near-zero long-term wealth creation for shareholders despite positive earnings growth
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Subsidiary bonus share issue Jul 22
SunRisers Leeds Limited approved issuing 99,999 bonus equity shares to Sun TV Network Limited, bringing the parent's holding to 1,00,000 shares post-issue.
TL;DR: Limited news flow for Sun TV Network this period with only a minor subsidiary corporate action reported. No material headwinds or positive catalysts emerged. The bonus issue in a subsidiary is a routine internal restructuring event with negligible impact on consolidated financials. Investors should watch for upcoming quarterly results and advertising revenue trends for directional cues.
Quarterly Results
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 840 | 1,349 | 1,048 | 923 | 961 | 1,314 | 936 | 829 | 942 | 1,290 | 1,300 | 862 | 883 |
| Expenses | 343 | 552 | 321 | 334 | 438 | 595 | 395 | 384 | 527 | 674 | 546 | 443 | 492 |
| Operating Profit | 498 | 797 | 728 | 589 | 523 | 719 | 541 | 445 | 414 | 617 | 754 | 420 | 391 |
| OPM % | 59% | 59% | 69% | 64% | 54% | 55% | 58% | 54% | 44% | 48% | 58% | 49% | 44% |
| Other Income | 91 | 122 | 112 | 140 | 142 | 149 | 172 | 146 | 184 | 189 | 140 | 133 | 33 |
| Interest | 2 | 3 | 2 | 2 | 2 | 2 | 4 | 4 | 4 | 4 | 4 | 3 | 3 |
| Depreciation | 80 | 90 | 219 | 115 | 108 | 113 | 196 | 113 | 118 | 108 | 404 | 113 | 98 |
| PBT | 507 | 827 | 619 | 612 | 555 | 753 | 513 | 474 | 477 | 694 | 486 | 436 | 323 |
| Tax % | 25% | 28% | 25% | 26% | 25% | 26% | 20% | 23% | 22% | 24% | 27% | 26% | 28% |
| Net Profit | 380 | 592 | 465 | 454 | 415 | 560 | 409 | 364 | 371 | 529 | 355 | 324 | 232 |
| EPS in Rs | 9.65 | 15.02 | 11.79 | 11.52 | 10.52 | 14.19 | 10.39 | 9.22 | 9.41 | 13.43 | 8.99 | 8.22 | 5.89 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,395 | 2,474 | 2,646 | 2,963 | 3,783 | 3,520 | 3,177 | 3,585 | 3,772 | 4,282 | 4,015 | 4,335 |
| Expenses | 718 | 1,253 | 874 | 959 | 1,176 | 1,248 | 1,111 | 1,306 | 1,379 | 1,644 | 1,886 | 2,152 |
| Operating Profit | 1,678 | 1,221 | 1,772 | 2,004 | 2,607 | 2,272 | 2,065 | 2,279 | 2,393 | 2,638 | 2,129 | 2,183 |
| OPM % | 70% | 49% | 67% | 68% | 69% | 65% | 65% | 64% | 63% | 62% | 53% | 50% |
| Other Income | 99 | 677 | 181 | 165 | 242 | 260 | 306 | 256 | 380 | 515 | 640 | 493 |
| Interest | 2 | 2 | 1 | 1 | 2 | 13 | 27 | 33 | 9 | 9 | 13 | 14 |
| Depreciation | 615 | 497 | 400 | 450 | 663 | 700 | 404 | 306 | 486 | 532 | 539 | 723 |
| PBT | 1,159 | 1,399 | 1,551 | 1,718 | 2,185 | 1,819 | 1,941 | 2,195 | 2,278 | 2,613 | 2,217 | 1,939 |
| Tax % | 32% | 34% | 34% | 34% | 34% | 24% | 21% | 25% | 25% | 26% | 23% | 26% |
| Net Profit | 796 | 922 | 1,031 | 1,136 | 1,434 | 1,385 | 1,525 | 1,642 | 1,707 | 1,926 | 1,704 | 1,441 |
| EPS in Rs | 19.84 | 23.39 | 26.14 | 28.8 | 36.37 | 35.15 | 38.7 | 41.66 | 43.3 | 48.85 | 43.21 | 36.53 |
| Div. Payout % | 57% | 66% | 38% | 35% | 21% | 71% | 13% | 33% | 35% | 34% | 35% | 34% |
Balance Sheet
| 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 | 197 | 197 | 197 | 197 | 197 | 197 | 197 | 197 | 197 | 197 | 197 | 197 |
| Reserves | 3,151 | 3,277 | 3,831 | 4,491 | 5,329 | 5,527 | 6,857 | 7,958 | 9,075 | 10,339 | 11,450 | 12,446 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 80 | 95 | 63 | 38 | 124 | 106 |
| Other Liabilities | 397 | 285 | 350 | 585 | 670 | 782 | 812 | 648 | 814 | 847 | 866 | 1,092 |
| Total Liabilities | 3,745 | 3,759 | 4,378 | 5,273 | 6,197 | 6,507 | 7,946 | 8,898 | 10,148 | 11,421 | 12,636 | 13,841 |
| Fixed Assets | 1,179 | 845 | 1,225 | 1,153 | 1,112 | 1,145 | 946 | 1,791 | 1,729 | 1,707 | 1,572 | 3,395 |
| CWIP | 2 | 1 | 2 | 49 | 13 | 66 | 146 | 244 | 131 | 145 | 344 | 31 |
| Investments | 506 | 636 | 1,148 | 2,147 | 2,801 | 2,692 | 3,504 | 3,589 | 5,512 | 7,061 | 8,303 | 7,821 |
| Other Assets | 2,058 | 2,278 | 2,004 | 1,923 | 2,271 | 2,603 | 3,351 | 3,274 | 2,775 | 2,508 | 2,418 | 2,595 |
| Total Assets | 3,745 | 3,759 | 4,378 | 5,273 | 6,197 | 6,507 | 7,946 | 8,898 | 10,148 | 11,421 | 12,636 | 13,841 |
Cash Flow
| 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 | 1,162 | 1,299 | 1,296 | 1,371 | 1,824 | 1,656 | 1,464 | 1,634 | 2,096 | 2,171 | 1,663 | 1,802 |
| Investing | -518 | -401 | -716 | -1,294 | -1,113 | -406 | -1,152 | -1,026 | -1,553 | -1,313 | -1,064 | -1,311 |
| Financing | -635 | -737 | -475 | -475 | -596 | -1,222 | -249 | -603 | -631 | -697 | -618 | -525 |
| Net Cash Flow | 9 | 160 | 104 | -398 | 115 | 27 | 63 | 5 | -88 | 161 | -19 | -35 |
| Free Cash Flow | 723 | 1,259 | 763 | 856 | 1,270 | 996 | 1,235 | 504 | 1,775 | 1,660 | 1,280 | -409 |
| CFO/OP | 92 | 145 | 101 | 96 | 98 | 92 | 97 | 102 | 112 | 106 | 105 | 105 |
Ratios
| 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 | 115 | 115 | 107 | 131 | 109 | 142 | 165 | 149 | 143 | 107 | 111 | 121 |
| Cash Conversion Cycle | 115 | 115 | 107 | 131 | 109 | 142 | 165 | 149 | 143 | 107 | 111 | 121 |
| Working Capital Days | 113 | 137 | 89 | 89 | 78 | 102 | 102 | 106 | 87 | 70 | 70 | 596 |
| ROCE % | 35% | 32% | 41% | 39% | 42% | 30% | 29% | 27% | 25% | 26% | 20% | 17% |
Documents
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Company Information
Sun TV Network was established in 1985 as Sumangali Publications Private Limited and was later renamed as Sun TV Network Limited. Sun TV, the flagship channel of the company, was started in 1993. STNL is primarily involved in television broadcasting. Besides, it produces/distributes movies under the banner Sun Pictures[1]