Sun TV Network
Sun TV Network
MediaKey Fundamentals
SmallcapTV Broadcasting & MediaMediaTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 34.4%
Weaknesses
1- The company has delivered a poor sales growth of 6.41% over past five years.
Growth Rate
AI Analysis — Bull vs Bear
Sun TV Network has a market capitalisation of about ₹22,912 crore and trades at a P/E of 14.3 and a P/B of 1.73. The balance sheet is almost debt free and the dividend payout is 34.4%. TTM sales grew 13%, but TTM profit fell 8%, and ROE has declined from a 10-year average of 20% to 12% last year.
- The company is almost debt free. That gives it balance-sheet flexibility for content investment, sports rights or acquisitions without leaning on borrowing, which matters in a capital-intensive media business.
- TTM sales growth of 13% is more than double the 5-year sales CAGR of 6% and the 3-year CAGR of 5%, suggesting top-line momentum is picking up.
- A P/E of 14.3 is a modest earnings multiple for a debt-free, cash-generating broadcaster with a long profitability record.
- A P/B of 1.73 is relatively low next to the company's historical ROE of 20% over 10 years and 17% over 5 years.
- Over the long run, ROE has been high: 20% over 10 years and 17% over 5 years. That shows the business has historically earned well above typical cost-of-capital levels.
- The company keeps a dividend payout of 34.4% while staying almost debt free, returning cash to shareholders and still keeping capital for reinvestment.
- Profit has compounded at 7% a year over 10 years, so the long-term earnings trend has been positive despite recent weakness.
- TTM profit fell 8% while TTM sales rose 13%. That gap points to margin compression, likely from higher content, programming or other operating costs.
- ROE has fallen steadily: 20% over 10 years, 17% over 5 years, 16% over 3 years and 12% last year. Return quality appears to be structurally weakening.
- Profit growth has stalled or reversed over the medium term. The 3-year profit CAGR is -4% and the 5-year profit CAGR is 0%.
- The stock has returned a CAGR of just 1% over 10 years and 1% over 5 years, and -3% over 3 years. Long-term holders have seen almost no price appreciation.
- 5-year sales growth is only 6.41% and 10-year sales CAGR is 6%. That is modest top-line expansion, which may reflect pressure on linear TV as viewing shifts to digital and OTT platforms.
- The 1-year stock return of 6% came despite TTM profit falling 8%. Recent price performance is not backed by earnings growth.
- The dividend yield is only 0.9% even with a 34.4% payout. Income return at the current valuation is limited.
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- 41st AGM resolutions approved Sep 18
Sun TV Network held its 41st AGM on September 18, 2026. Shareholders approved the FY26 financials, the interim dividends and the re-appointment of director Ms. Kaviya Kalanithi Maran.
TL;DR: The only news item is a routine AGM, so there is little here to judge the stock's direction. Shareholders approved the FY26 accounts, the interim dividends and a director re-appointment. That suggests stable governance and continued payouts to shareholders. The AGM didn't say anything about ad revenue, subscription growth or competition from digital and OTT, so investors should look at upcoming quarterly results for a clearer view of the trend.
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 | 1,349 | 1,048 | 923 | 961 | 1,314 | 936 | 829 | 942 | 1,290 | 1,300 | 862 | 883 | 1,458 |
| Expenses | 552 | 321 | 334 | 438 | 595 | 395 | 384 | 527 | 674 | 546 | 443 | 492 | 723 |
| Operating Profit | 797 | 728 | 589 | 523 | 719 | 541 | 445 | 414 | 617 | 754 | 420 | 391 | 735 |
| OPM % | 59% | 69% | 64% | 54% | 55% | 58% | 54% | 44% | 48% | 58% | 49% | 44% | 50% |
| Other Income | 122 | 112 | 140 | 142 | 149 | 172 | 146 | 184 | 189 | 140 | 133 | 33 | 179 |
| Interest | 3 | 2 | 2 | 2 | 2 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 1 |
| Depreciation | 90 | 219 | 115 | 108 | 113 | 196 | 113 | 118 | 108 | 404 | 113 | 98 | 96 |
| PBT | 827 | 619 | 612 | 555 | 753 | 513 | 474 | 477 | 694 | 486 | 436 | 323 | 818 |
| Tax % | 28% | 25% | 26% | 25% | 26% | 20% | 23% | 22% | 24% | 27% | 26% | 28% | 24% |
| Net Profit | 592 | 465 | 454 | 415 | 560 | 409 | 364 | 371 | 529 | 355 | 324 | 232 | 619 |
| EPS in Rs | 15.02 | 11.79 | 11.52 | 10.52 | 14.19 | 10.39 | 9.22 | 9.41 | 13.43 | 8.99 | 8.22 | 5.89 | 15.7 |
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 | 2,395 | 2,474 | 2,646 | 2,963 | 3,783 | 3,520 | 3,177 | 3,585 | 3,772 | 4,282 | 4,020 | 4,335 | 4,502 |
| Expenses | 718 | 1,253 | 874 | 959 | 1,176 | 1,248 | 1,111 | 1,306 | 1,379 | 1,644 | 1,891 | 2,152 | 2,203 |
| 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 | 2,300 |
| OPM % | 70% | 49% | 67% | 68% | 69% | 65% | 65% | 64% | 63% | 62% | 53% | 50% | 51% |
| Other Income | 99 | 677 | 181 | 165 | 242 | 260 | 306 | 256 | 380 | 515 | 642 | 493 | 485 |
| Interest | 2 | 2 | 1 | 1 | 2 | 13 | 27 | 33 | 9 | 9 | 14 | 14 | 12 |
| Depreciation | 615 | 497 | 400 | 450 | 663 | 700 | 404 | 306 | 486 | 532 | 541 | 723 | 711 |
| 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 | 2,062 |
| 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 | 1,703 | 1,441 | 1,530 |
| EPS in Rs | 19.84 | 23.39 | 26.14 | 28.8 | 36.37 | 35.15 | 38.7 | 41.66 | 43.3 | 48.85 | 43.19 | 36.53 | 38.8 |
| Div. Payout % | 57% | 66% | 38% | 35% | 21% | 71% | 13% | 33% | 35% | 34% | 35% | 34% | — |
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 | 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 | 11,454 | 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 | 875 | 1,092 |
| Total Liabilities | 3,745 | 3,759 | 4,378 | 5,273 | 6,197 | 6,507 | 7,946 | 8,898 | 10,148 | 11,421 | 12,651 | 13,841 |
| Fixed Assets | 1,179 | 845 | 1,225 | 1,153 | 1,112 | 1,145 | 946 | 1,791 | 1,729 | 1,707 | 1,579 | 2,538 |
| CWIP | 2 | 1 | 2 | 49 | 13 | 66 | 146 | 244 | 131 | 145 | 344 | 888 |
| 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 | 2,425 | 2,595 |
| Total Assets | 3,745 | 3,759 | 4,378 | 5,273 | 6,197 | 6,507 | 7,946 | 8,898 | 10,148 | 11,421 | 12,651 | 13,841 |
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 | 1,162 | 1,299 | 1,296 | 1,371 | 1,824 | 1,656 | 1,464 | 1,634 | 2,096 | 2,171 | 1,665 | 1,802 |
| Investing | -518 | -401 | -716 | -1,294 | -1,113 | -406 | -1,152 | -1,026 | -1,553 | -1,313 | -1,064 | -1,308 |
| 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 | -18 | -32 |
| Free Cash Flow | 723 | 1,259 | 763 | 856 | 1,270 | 996 | 1,235 | 504 | 1,775 | 1,660 | 1,281 | -409 |
| CFO/OP | 92 | 145 | 101 | 96 | 98 | 92 | 97 | 102 | 112 | 106 | 105 | 105 |
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 | 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 | 74 | 69 |
| ROCE % | 35% | 32% | 41% | 39% | 42% | 30% | 29% | 27% | 25% | 26% | 20% | 16% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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62 extracted metrics + investor summaries across FY10–FY27.
Documents
Frequently Asked Questions about Sun TV Network
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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]
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