Sun TV Network Ltd logo

Sun TV Network Ltd

SUNTV NSE

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]

AI Verdict: HOLD Confidence: 5%

Sun TV trades at an attractive PE of 14.3x with a debt-free balance sheet and 2.38% dividend yield, but declining profitability (TTM profit growth at -14%) and poor sales growth of 6% CAGR over 5 years limit re-rating potential. With 73% analyst buy ratings, the stock offers value but lacks near-term catalysts.

Key Fundamentals

SmallcapTV Broadcasting & MediaMedia
Market Cap
₹20,335 Cr
Volatility
Moderate
P/E Ratio
14.06
EBITDA
₹2,110 Cr
Return on Equity
18.4%
Debt to Equity
0.01
Book Value
₹320.83
EPS
₹48.03
52W High
₹660.7
52W Low
₹480.2

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

Revenue Growth
-8.02% ↘
Net Income Growth
-15.92% ↗
Cash Flow Change
-23.41% ↘
ROE
-19.98% ↗
ROCE
-23.50% ↗
EBITDA Margin (Avg.)
-28.31% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 1d ago
HOLD
Risk medium

Sun TV trades at an attractive PE of 14.3x with a debt-free balance sheet and 2.38% dividend yield, but declining profitability (TTM profit growth at -14%) and poor sales growth of 6% CAGR over 5 years limit re-rating potential. With 73% analyst buy ratings, the stock offers value but lacks near-term catalysts.

Bull Case 8
  • Attractive valuation at PE of 14.3x, well below media sector averages, offering margin of safety
  • Company is virtually debt-free, providing financial resilience and flexibility for capital allocation
  • Healthy dividend yield of 2.38% with consistent payout ratio of 34.4%, rewarding patient shareholders
  • Strong analyst consensus with 72.73% buy ratings and zero sell ratings from 11 analysts
  • 10-year ROE average of 20% demonstrates historically superior capital efficiency and franchise strength
  • Price-to-book of 1.63x is reasonable for an asset-light media company with dominant regional presence
  • Compounded sales growth of 8% on TTM basis shows improvement over 5-year CAGR of 6%
  • Market cap of Rs 20,597 crore provides adequate liquidity and institutional participation
Bear Case 8
  • Compounded profit growth turned negative at -14% TTM, signaling margin compression and earnings deterioration
  • Working capital days have ballooned from 245 to 596 days, indicating severe cash conversion cycle deterioration
  • ROE has declined sharply from 20% (10-year average) to just 12% last year, a 40% erosion in return quality
  • 5-year stock CAGR of 0% reflects complete lack of wealth creation over a meaningful investment horizon
  • Poor revenue growth of 6.41% over 5 years in a high-growth Indian media and digital landscape
  • 3-year compounded profit CAGR of -4% shows sustained earnings decline, not a one-off event
  • 1-year stock return of -13% indicates negative market sentiment and potential de-rating risk
  • Structural threat from digital OTT platforms eroding traditional television viewership and ad revenues

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 14h ago
Neutral 1
  • Promoter stake unencumbered at 75% Jun 12

    Kalanithi Maran declared 29.56 crore shares (75% stake) free of any encumbrance in FY26 disclosure to BSE and NSE under SEBI regulations.

TL;DR: Limited news flow for Sun TV Network this period. The sole disclosure confirms promoter holding remains fully unencumbered at 75%, signaling no pledging risk. No operational or sector-specific catalysts are visible in the current cycle, leaving the narrative largely unchanged.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 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
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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%

Shareholding Pattern

As of Mar 2026
Promoters 75.00%
DIIs 10.91%
FIIs 6.64%
Public 6.36%
Others 1.10%
Total 100.01%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
10.58%
9.01%
8.87%
7.89%
7.22%
7.12%
6.87%
6.91%
6.71%
6.47%
6.64%
DIIs
4.05%
3.62%
3.32%
2.92%
3.09%
3.61%
3.92%
3.79%
3.60%
3.67%
4.47%
6.58%
6.50%
8.23%
10.00%
10.17%
10.46%
10.35%
10.19%
10.64%
10.91%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
8.07%
8.28%
9.54%
8.73%
8.80%
8.29%
4.41%
4.14%
4.41%
4.52%
3.72%
3.39%
3.56%
3.09%
2.89%
6.42%
6.35%
6.44%
6.77%
6.62%
6.36%
Others
12.87%
13.09%
12.14%
13.35%
13.11%
13.10%
16.67%
17.07%
16.99%
16.81%
6.24%
6.02%
6.07%
5.79%
4.89%
1.30%
1.32%
1.30%
1.33%
1.27%
1.10%
No. of Shareholders
0
1,10,730
1,12,153
1,22,058
1,07,476
1,13,478
1,23,055
1,16,278
1,19,971
1,19,044
99,895
95,362
1,00,803
1,01,517
1,10,021
1,14,865
1,03,912
1,01,793
1,07,496
1,02,067
94,106

Documents

Frequently Asked Questions about Sun TV Network Ltd

What does Sun TV Network Ltd do?
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 ...
Where is Sun TV Network Ltd (SUNTV) listed?
Sun TV Network Ltd is listed on the Indian stock exchanges. It is listed on NSE: SUNTV and BSE: 532733. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Sun TV Network Ltd belong to?
Sun TV Network Ltd operates in the Consumer Discretionary sector within the Entertainment industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Sun TV Network Ltd?
Sun TV Network Ltd has a market capitalisation of approximately ₹20334.77 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Sun TV Network Ltd?
The Price-to-Earnings (PE) ratio of Sun TV Network Ltd is 14.06. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Sun TV Network Ltd?
Over the past 52 weeks, Sun TV Network Ltd has traded between a low of ₹480.2 and a high of ₹660.7. This range helps investors understand the stock's price volatility and recent trading levels.
Does Sun TV Network Ltd pay dividends?
Yes, Sun TV Network Ltd has a dividend yield of 2.42%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Sun TV Network Ltd?
Sun TV Network Ltd has a Return on Equity (ROE) of 18.40%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Sun TV Network Ltd on Tapetide?
On Tapetide, you can view Sun TV Network Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

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]

Website suntv.in
CEO Mr. Kalanithi Maran
Employees 932
Listed 2006-04-24
Face Value ₹ 5
Issued Size 39,40,84,620

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