DENConsumer Discretionary

Den Networks Limited

TV Broadcasting & Software Production · ISIN INE947J01015 · BSE 533137 · NSE EQ · FV ₹10
Last price
₹26
+0.11%today
What this company does

Den Networks Limited operates in TV Broadcasting & Software Production, part of the Consumer Discretionary sector. It booked ₹243 cr of revenue in its latest quarter (Q1 FY27) and kept 15.1% of sales as profit. It is the 4th largest of 9 TV Broadcasting & Software Production companies we track, by market value.

In the report:
66out of 100
Equitytale Health Score
Solid

Healthier than 66% of companies in Consumer Discretionary, on all six measures of filed financials. Each measure is ranked against the 187–421 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
33

At close. Not part of the score.

Profitability & returns46

How much profit it earns on the money it employs

Balance sheet98

How much it owes, and whether earnings cover the interest

Cash quality39

Whether reported profit actually arrives as cash

Growth & consistency36

Whether sales and profit have grown, and how steadily

Valuation89

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 15% net margin
Promoters hold 75%
No promoter shares pledged
Virtually debt-free
Turns profit into real cash
Watch-outs
! Profit down 32% vs last year
! Low 3.9% return on equity

What if I invest in DEN?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹26 +0.11%
latest close · 2026-09-17
1-year return
-43.1%
52-wk low ₹2652-wk high ₹55
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio8.6Low
LowAverageHigh
P/B ratio0.33Below book
Below bookModerateHigh
EV / EBITDA4.6Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity3.9%Weak
WeakFairStrong ▸15%
Return on capital5.0%Weak
WeakFairStrong
Net margin15.1%Strong
ThinDecentStrong
EBITDA margin28.0%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover116.7×Strong
RiskyOkayStrong ▸5×
Current ratio8.36Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹1,261 cr
Book value
₹79
EPS
₹0.77
latest quarter
Net debt
₹-20 cr
more cash than debt
Enterprise value
₹1,241 cr
EBITDA
₹272 cr
annualised
EBIT
₹192 cr
annualised
Operating margin
19.8%
Return on assets
3.4%
Earnings yield
11.64%
P/S
1.30
Sales / share
₹20.4
Tax rate
25.0%
Face value
₹10
Shares
47.7 cr
Working capital
₹3,122 cr
Current assets
₹3,547 cr
Current liabilities
₹424 cr
Delivery %
64.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
It earns about 7% on its capital — below the ~14% return we'd require to fund it — so a low price is likely justified, not a bargain.
Models span ₹28₹84, midpoint ₹66

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹243 cr
Other Income₹55 cr
Total Income₹298 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹15 cr
Finance Costs₹41.2 L
Depreciation & Amortisation₹20 cr
Other Expenses₹215 cr
Total Expenses₹251 cr
Profit before Tax₹48 cr
Tax Expense₹12 cr
Share of JV / Associates₹-1 cr
Net Profit₹35 cr
Net margin on total income11.6%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹15 cr5.0%
Finance costs₹41.2 L0.1%
Depreciation & amortisation₹20 cr6.7%
Other expenses₹215 cr72.5%
Tax expense₹12 cr4.0%
Profit for the period₹35 cr11.6%
Total income ₹298 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue251 cr241 cr243 cr
Total income308 cr293 cr298 cr
Expenses261 cr246 cr251 cr
Profit before tax47 cr47 cr48 cr
Tax8 cr13 cr12 cr
Net profit (owners' share)38 cr38 cr37 cr
Net margin (owners' share, on revenue)15.1%16.0%15.1%
EPS (₹)0.800.810.77
YoY (latest quarter): total income -4.4% · net profit -32.3%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹4,283 cr
Shareholder equity
₹3,785 cr
parent shareholders
Total debt
₹0 cr
Cash
₹20 cr
Cash flow · H1 FY26
Operating
₹11 cr
Investing
₹-16 cr
Financing
₹-99.1 L
Peer comparison
TV Broadcasting & Software Production · by market value
CompanyPriceMarket capP/E
Sun TV Network Limited₹468₹18,459 cr7.5
Zee Entertainment Enterprises Limited₹78₹7,526 cr24.8
Hathway Cable & Datacom Limited₹10₹1,774 cr17.9
Den Networks Limitedthis company₹26₹1,261 cr8.6
New Delhi Television Limited₹71₹802 cr
TV Today Network Limited₹108₹643 cr15.9
GTPL Hathway Limited₹57₹637 cr67.4
Zee Media Corporation Limited₹7₹485 cr
Dish TV India Limited₹3₹477 cr
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
No pledge
Promoter
74.9%
FII / Foreign
0.3%
DII / Domestic
0.1%
Retail / others
24.6%
Smart-money activity
Insider trades
SoldJIO TELEVISION DISTRIBUTION HOLDINGS PRIVATE LIMITED · Promoter Group1.29 cr · ₹63.3 cr26 Mar 21
SoldJio Futuristic Digital Holdings Private Limited · Promoter Group3.00 cr · ₹145.8 cr26 Mar 21
SoldJIO DIGITAL DISTRIBUTION HOLDINGS PRIVATE LIMITED · Promoters1.25 cr · ₹61.4 cr26 Mar 21
Bulk / block deals
SoldHRTI PRIVATE LIMITED · NSE28.56 L @ ₹66.7210 Jan 24
BoughtHRTI PRIVATE LIMITED · NSE26.36 L @ ₹66.6810 Jan 24
SoldGRAVITON RESEARCH CAPITAL LLP · NSE35.80 L @ ₹66.910 Jan 24
Stake changes
SoldBroad Street Investments (Singapore) Pte. Ltd. alongwith PACs→ 3.70% · 1.03 cr14 May 21
SoldMBD Bridge Street 2013 Investments (Singapore) Pte. Ltd.→ 0.35% · 5.77 L26 Apr 21
SoldMBD Bridge Street 2016 Investments (Singapore) Pte. Ltd.→ 0.34% · 5.89 L26 Apr 21
Promoter pledges
ReleasedSyndicate Bank60.00 L · 3.06% held9 May 18
ReleasedSyndicate Bank60.00 L · 3.06% held9 May 18
ReleasedIDFC Bank Ltd27.00 L · 4.44% held31 Jan 18
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 2 Sep 2026
See the official result
1
To consider and adopt the audited financial statement of the Company for the financial year ended March 31, 2026 and the reports of the Board of Directors and Auditors thereon
Backed by 99% of shareholders other than promotersneeded 50%
11.63 L votes for, 8,584 against · 0% of mutual funds and other big investors said no
2
To consider and adopt the audited consolidated financial statement of the Company for the financial year ended March 31, 2026 and the report of Auditors thereon
Backed by 93% of shareholders other than promotersneeded 50%
11.68 L votes for, 81,649 against · 17% of mutual funds and other big investors said no
3
To appoint Mr. Anuj Jain (DIN: 08351295), who retires by rotation as a Director
Backed by 69% of shareholders other than promotersneeded 50%
8.68 L votes for, 3.81 L against · 82% of mutual funds and other big investors said no
4
To ratify the remuneration of Cost Auditors for the financial year ending March 31, 2027
Backed by 99% of shareholders other than promotersneeded 50%
12.41 L votes for, 8,590 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 15 named members
owning 74.9% between them · as of 2026-06-30
JIO FUTURISTIC DIGITAL HOLDINGS PRIVATE LIMITED35.94%
JIO TELEVISION DISTRIBUTION HOLDINGS PRIVATE LIMITED15.47%
JIO DIGITAL DISTRIBUTION HOLDINGS PRIVATE LIMITED15.02%
SAMEER MANCHANDA3.69%
LUCID SYSTEMS PRIVATE LIMITED3.35%
KAVITA MANCHANDA0.79%
RELIANCE INDUSTRIAL INVESTMENTS AND HOLDINGS LIMITED0.31%
NETWORK 18 MEDIA & INVESTMENTS LIMITED0.15%
Business done with them
FY2025 · 2 of the group
The company paid ₹5.4 L to companies in the promoter group last year — about 0.0% of its ₹1,005 cr revenue.
Mr. Sameer Manchanda
Other payments to them · Sitting fees
also owns 3.69% of the company
₹2.7 L
company paid
RELIANCE INDUSTRIES LIMITED
Paid them for services · Multiple Transactions
₹1.7 L
company paid
RELIANCE INDUSTRIES LIMITED
Other payments to them · Multiple Transactions
₹1 L
company paid

The company also transacted with 21 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.