Zee Entertainment Enterprises Ltd logo

Zee Entertainment Enterprises Ltd

ZEEL NSE

Zee Entertainment Enterprises is mainly in the following businesses: Broadcasting of Satellite Television Channels, Space Selling agent for other satellite television channels, and Sale of Media Content i.e. programs / film rights / feeds /music rights.

AI Verdict: SELL Confidence: 6%

Zee Entertainment trades at a PE of 41.1x despite delivering negative stock CAGR of -13% over 10 years and TTM profit decline of 63%. With promoter holding at just 3.98% and ROE of only 2% last year, the risk-reward remains unfavorable despite the stock trading below book value.

Key Fundamentals

MicrocapTV Broadcasting & MediaMedia
Market Cap
₹11,001 Cr
Volatility
Moderate
P/E Ratio
39.21
EBITDA
₹389 Cr
Return on Equity
2.34%
Debt to Equity
0.02
Book Value
₹122.12
EPS
₹4.2
52W High
₹151.7
52W Low
₹68

Technical Indicators

Key Insights

Strengths

3
  • Company is almost debt free.
  • Stock is trading at 0.95 times its book value
  • Company has been maintaining a healthy dividend payout of 57.7%

Weaknesses

5
  • The company has delivered a poor sales growth of 0.94% over past five years.
  • Promoter holding is low: 3.98%
  • Tax rate seems low
  • Company has a low return on equity of 3.74% over last 3 years.
  • Earnings include an other income of Rs.137 Cr.

Growth Rate

Revenue Growth
-3.78% ↗
Net Income Growth
-66.37% ↗
Cash Flow Change
66.01% ↗
ROE
225.68% ↗
ROCE
98.27% ↗
EBITDA Margin (Avg.)
-70.26% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 1d ago
SELL
Risk high

Zee Entertainment trades at a PE of 41.1x despite delivering negative stock CAGR of -13% over 10 years and TTM profit decline of 63%. With promoter holding at just 3.98% and ROE of only 2% last year, the risk-reward remains unfavorable despite the stock trading below book value.

Bull Case 7
  • Stock trades at 0.95x book value, offering potential deep-value opportunity if earnings recover
  • Company is almost debt-free, providing financial flexibility and lower insolvency risk in a challenging media environment
  • Healthy dividend payout of 57.7% provides income support with current dividend yield of 2.1%
  • Compounded profit growth of 95% over 3 years suggests a recovery trajectory from a low base
  • 46.15% of analyst ratings are Buy (6 out of 13 analysts), indicating some institutional confidence
  • 10-year compounded sales growth of 3% shows the business has a stable, if slow, revenue base
  • Market cap of Rs.11,219 Cr provides adequate liquidity for institutional investors to build positions
Bear Case 8
  • Promoter holding at just 3.98% is extremely low, raising serious corporate governance concerns
  • TTM profit declined 63%, indicating severe earnings deterioration in the most recent period
  • Stock CAGR of -13% over 10 years reflects sustained long-term wealth destruction for shareholders
  • ROE has deteriorated from 9% (10-year average) to just 2% last year, showing declining capital efficiency
  • PE of 41.1x is expensive for a company delivering negative sales growth of -2% TTM
  • 5-year compounded sales growth of just 0.94% shows structural revenue stagnation
  • 38.46% of analysts rate it a Sell (5 out of 13), reflecting significant bearish consensus
  • Earnings include other income of Rs.137 Cr, suggesting core operating profitability is even weaker than reported

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

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Positives 3
  • FIFA 2026-2034 broadcast rights won Jun 1

    ZEEL secured exclusive India broadcasting and streaming rights for 39 FIFA tournaments from 2026-2034 at $30-35M, significantly below FIFA's initial $60-100M expectation. Stock surged over 20% in five sessions from ₹82.78 to ₹99.72, with volumes 3x the 30-day average.

  • Unite8 Sports channels launched May 26

    Zee launched 4 dedicated sports channels (Unite8 Sports 1, 1 HD, 2 and 2 HD) in Hindi and English, covering football, kabaddi, and cricket to build a sports broadcasting vertical with FIFA World Cup 2026 as flagship content.

  • Zee5 digital momentum strong Jun 1

    Zee5 achieved EBITDA breakeven with 53% YoY growth in digital revenue, positioning it as the exclusive streaming home for FIFA World Cup 2026's 104 matches across 48 teams starting June 11, 2025.

Neutral 2
  • Bradford brand expansion agreement Jun 23

    Zee signed an agreement with Bradford to expand entertainment brands into the Indian market. No financial terms or specific brand details were disclosed.

  • Board to consider fundraise Jun 6

    ZEEL board scheduled a June 10, 2026 meeting to consider raising funds via equity shares or convertible securities, signaling potential dilution or growth capital needs.

TL;DR: ZEEL is executing a clear pivot into sports broadcasting with the FIFA 2026-2034 rights deal at favorable economics ($30-35M vs FIFA's $60-100M ask), launching dedicated Unite8 Sports channels, and showing strong digital traction with Zee5 at EBITDA breakeven. The stock has responded with a 20%+ rally. Key risks remain potential dilution from the upcoming fundraise and execution risk in building a sports vertical against JioStar's dominance in cricket. The trend is improving as ZEEL carves a differentiated sports niche beyond cricket.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
2,112
1,984
2,438
2,046
2,170
2,130
2,001
1,979
2,184
1,825
1,969
2,280
2,025
Expenses
1,960
1,825
2,105
1,837
1,960
1,860
1,678
1,658
1,886
1,586
1,810
2,024
2,280
Operating Profit
152
159
333
209
210
270
323
321
298
239
159
256
-255
OPM %
7%
8%
14%
10%
10%
13%
16%
16%
14%
13%
8%
11%
-13%
Other Income
-199
-113
-55
-27
-11
-17
45
-46
36
25
26
9
76
Interest
40
23
23
18
7
6
8
11
8
8
13
9
15
Depreciation
83
79
77
76
77
76
73
66
64
59
57
54
47
PBT
-170
-57
177
87
115
172
286
198
262
197
115
202
-241
Tax %
15%
-6%
31%
33%
88%
31%
27%
17%
28%
27%
34%
23%
-57%
Net Profit
-196
-53
123
58
13
118
209
164
188
144
76
155
-104
EPS in Rs
-2.04
-0.56
1.28
0.61
0.14
1.23
2.18
1.7
1.96
1.5
0.8
1.62
-1.08
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
4,884
5,812
6,434
6,686
7,934
8,130
7,730
8,186
8,088
8,637
8,294
8,099
Expenses
3,624
4,386
4,711
4,605
5,370
6,870
6,123
6,409
6,981
7,726
7,082
7,700
Operating Profit
1,260
1,427
1,723
2,081
2,564
1,260
1,606
1,777
1,107
911
1,212
399
OPM %
26%
25%
27%
31%
32%
15%
21%
22%
14%
11%
15%
5%
Other Income
222
183
1,430
565
236
112
-29
-111
-459
-206
17
137
Interest
10
160
137
145
130
145
57
44
70
72
33
45
Depreciation
67
78
115
182
235
271
265
221
313
309
278
217
PBT
1,404
1,373
2,901
2,319
2,434
956
1,256
1,400
264
323
918
274
Tax %
31%
40%
23%
36%
36%
45%
37%
32%
82%
56%
26%
1%
Net Profit
972
824
2,220
1,478
1,567
525
793
956
48
141
680
271
EPS in Rs
10.18
8.57
23.13
15.4
16.32
5.48
8.33
10.04
0.5
1.47
7.07
2.82
Div. Payout %
22%
26%
11%
19%
21%
5%
30%
30%
0%
68%
34%
71%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
96
96
96
96
96
96
96
96
96
96
96
96
Reserves
3,435
4,708
6,594
7,466
8,828
9,248
9,998
10,767
10,626
10,777
11,437
11,634
Borrowings
2,021
1,716
2,203
1,526
1,114
650
423
76
282
230
321
265
Other Liabilities
1,454
1,446
1,364
2,042
2,895
2,424
2,301
2,300
2,724
2,347
1,880
2,220
Total Liabilities
7,006
7,966
10,258
11,130
12,933
12,418
12,819
13,240
13,728
13,450
13,734
14,216
Fixed Assets
1,138
1,333
916
1,476
1,414
1,315
1,191
1,225
1,360
1,204
1,005
908
CWIP
88
110
156
92
156
83
75
87
19
10
1
4
Investments
976
1,148
1,343
1,529
976
325
798
65
35
39
1,195
1,275
Other Assets
4,805
5,375
7,843
8,033
10,386
10,695
10,754
11,862
12,315
12,197
11,533
12,029
Total Assets
7,006
7,966
10,258
11,130
12,933
12,418
12,819
13,240
13,728
13,450
13,734
14,216
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
681
731
741
554
135
250
1,548
280
129
714
1,186
708
Investing
-165
16
1,325
-1,041
864
397
-511
586
-202
-46
-1,602
-299
Financing
-343
-405
-414
-1,090
-966
-1,062
-541
-715
-408
-274
23
-339
Net Cash Flow
173
342
1,652
-1,577
33
-415
496
150
-481
395
-393
70
Free Cash Flow
572
459
515
300
-146
105
1,374
51
-127
606
1,098
553
CFO/OP
87
92
83
67
42
45
128
44
47
105
104
229
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
80
85
70
84
84
96
92
77
73
72
67
78
Inventory Days
—
—
—
526
617
624
644
824
877
663
739
—
Days Payable
—
—
—
230
239
196
167
177
210
138
130
—
Cash Conversion Cycle
80
85
70
380
463
524
569
725
740
597
676
78
Working Capital Days
152
147
151
180
236
294
295
340
352
326
335
377
ROCE %
27%
26%
24%
26%
27%
14%
14%
16%
8%
6%
9%
3%

Shareholding Pattern

As of Mar 2026
Public 42.28%
FIIs 25.33%
Others 17.49%
DIIs 10.90%
Promoters 3.99%
Total 99.99%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
3.99%
3.99%
3.99%
3.99%
3.99%
3.99%
3.99%
3.99%
3.99%
3.99%
3.99%
3.99%
3.99%
3.99%
3.99%
3.99%
3.99%
3.99%
3.99%
3.99%
3.99%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
35.00%
28.19%
19.18%
18.91%
18.52%
20.05%
22.83%
24.81%
25.42%
24.21%
25.33%
DIIs
12.35%
18.17%
15.63%
20.33%
23.89%
30.22%
30.98%
37.48%
38.20%
40.21%
42.23%
43.59%
35.56%
22.51%
19.19%
17.99%
16.01%
16.86%
14.03%
12.10%
10.90%
Government
0.15%
0.15%
0.15%
0.15%
0.15%
0.15%
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
6.06%
6.31%
8.50%
8.36%
9.63%
11.39%
10.82%
11.11%
11.60%
15.56%
12.88%
14.91%
28.61%
34.93%
41.59%
42.36%
41.68%
38.17%
41.25%
44.60%
42.28%
Others
77.45%
71.39%
71.73%
67.18%
62.34%
54.25%
54.21%
47.41%
46.21%
40.23%
5.91%
9.32%
12.66%
19.66%
16.71%
15.61%
15.50%
16.16%
15.31%
15.10%
17.49%
No. of Shareholders
0
2,70,563
2,60,366
4,13,543
3,75,645
4,03,885
4,33,188
4,18,456
4,14,815
4,63,830
3,97,743
4,08,518
6,27,625
6,03,271
6,78,849
6,82,596
6,92,538
6,38,222
6,43,042
6,45,830
6,25,207

Documents

Frequently Asked Questions about Zee Entertainment Enterprises Ltd

What does Zee Entertainment Enterprises Ltd do?
Zee Entertainment Enterprises is mainly in the following businesses: Broadcasting of Satellite Television Channels, Space Selling agent for other satellite television channels, and Sale of Media Content i.e. programs / film rights / feeds /music rights.
Where is Zee Entertainment Enterprises Ltd (ZEEL) listed?
Zee Entertainment Enterprises Ltd is listed on the Indian stock exchanges. It is listed on NSE: ZEEL and BSE: 505537. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Zee Entertainment Enterprises Ltd belong to?
Zee Entertainment Enterprises 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 Zee Entertainment Enterprises Ltd?
Zee Entertainment Enterprises Ltd has a market capitalisation of approximately ₹11000.83 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Zee Entertainment Enterprises Ltd?
The Price-to-Earnings (PE) ratio of Zee Entertainment Enterprises Ltd is 39.21. 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 Zee Entertainment Enterprises Ltd?
Over the past 52 weeks, Zee Entertainment Enterprises Ltd has traded between a low of ₹68 and a high of ₹151.7. This range helps investors understand the stock's price volatility and recent trading levels.
Does Zee Entertainment Enterprises Ltd pay dividends?
Yes, Zee Entertainment Enterprises Ltd has a dividend yield of 2.10%. 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 Zee Entertainment Enterprises Ltd?
Zee Entertainment Enterprises Ltd has a Return on Equity (ROE) of 2.34%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Zee Entertainment Enterprises Ltd on Tapetide?
On Tapetide, you can view Zee Entertainment Enterprises 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

Zee Entertainment Enterprises is mainly in the following businesses: Broadcasting of Satellite Television Channels, Space Selling agent for other satellite television channels, and Sale of Media Content i.e. programs / film rights / feeds /music rights.

Website zee.com
CEO Mr. Punit Goenka B.Com.
Employees 2,486
Listed 1993-11-25
Face Value ₹ 1
Issued Size 96,05,19,420

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