ZEELMedia Entertainment & Publication

Zee Entertainment Enterprises Limited

TV Broadcasting & Software Production · ISIN INE256A01028 · BSE 505537 · NSE EQ · FV ₹1
Last price
₹78
-1.62%today
What this company does

Zee Entertainment Enterprises Limited operates in TV Broadcasting & Software Production, part of the Media Entertainment & Publication sector. It booked ₹1,907 cr of revenue in its latest quarter (Q1 FY27) and kept 4.0% of sales as profit. It is the 2nd largest of 9 TV Broadcasting & Software Production companies we track, by market value.

BUSINESS SEGMENTS DIGITAL Framing entertainment, end-to-end From the silver screen to smartphones, ‘Z’ tells stories that move people. With a 360-degree entertainment presence spanning TV, digital, studios, music, and sports, we deliver immersive experiences that connect, inspire, and stay with our audiences.
In the report:
58out of 100
Equitytale Health Score
Mixed

Healthier than 58% of listed companies we score, on all six measures of filed financials. Each measure is ranked against the 412–2,858 companies that reported it.

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

Price momentum
oversold
RSI (14)
27

At close. Not part of the score.

Profitability & returns21

How much profit it earns on the money it employs

Balance sheet77

How much it owes, and whether earnings cover the interest

Cash quality81

Whether reported profit actually arrives as cash

Growth & consistency68

Whether sales and profit have grown, and how steadily

Valuation62

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

Governance & risk53

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Virtually debt-free
Watch-outs
! Thin 4.0% net margin
! Profit down 47% vs last year
! 5.4% of promoter stake pledged
! Low 2.6% return on equity
! Operating cash flow is negative

What if I invest in ZEEL?

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 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — 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 We do not publish price targets or predict returns.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
₹78 -1.62%
latest close · 2026-09-17
1-year return
-53.4%
52-wk low ₹7752-wk high ₹379
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 ratio24.8Average
LowAverageHigh
P/B ratio0.64Below book
Below bookModerateHigh
EV / EBITDA13.2Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity2.6%Weak
WeakFairStrong ▸15%
Return on capital2.9%Weak
WeakFairStrong
Net margin4.0%Thin
ThinDecentStrong
EBITDA margin6.9%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.02Comfortable
LowModerateHigh ▸1
Interest cover6.6×Strong
RiskyOkayStrong ▸5×
Current ratio5.59Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹7,526 cr
Book value
₹122
EPS
₹0.79
latest quarter
Net debt
₹-620 cr
more cash than debt
Enterprise value
₹6,905 cr
EBITDA
₹523 cr
annualised
EBIT
₹349 cr
annualised
Operating margin
4.6%
Return on assets
2.1%
Earnings yield
4.04%
P/S
0.99
Sales / share
₹79.4
Tax rate
-0.3%
Face value
₹1
Shares
96.1 cr
Working capital
₹9,867 cr
Current assets
₹12,016 cr
Current liabilities
₹2,149 cr
Delivery %
29.5%
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 4% 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 ₹77₹146, midpoint ₹112

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₹1,907 cr
Other Income₹31 cr
Total Income₹1,939 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹213 cr
Finance Costs₹13 cr
Depreciation & Amortisation₹44 cr
Other Expenses₹1,595 cr
Total Expenses₹1,864 cr
Profit before Tax₹74 cr
Tax Expense₹-20 L
Net Profit₹74 cr
Net margin on total income3.8%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹213 cr11.0%
Finance costs₹13 cr0.7%
Depreciation & amortisation₹44 cr2.2%
Other expenses₹1,595 cr82.3%
Profit for the period₹74 cr3.8%
Total income ₹1,939 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue2,280 cr2,025 cr1,907 cr
Total income2,299 cr2,101 cr1,939 cr
Expenses2,087 cr2,342 cr1,864 cr
Profit before tax202 cr-241 cr74 cr
Tax47 cr-137 cr-20 L
Net profit (owners' share)155 cr-102 cr76 cr
Net margin (owners' share, on revenue)6.8%-5.1%4.0%
EPS (₹)1.62-1.080.79
YoY (latest quarter): total income +4.8% · net profit -46.9%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹14,216 cr
Shareholder equity
₹11,730 cr
parent shareholders
Total debt
₹178 cr
Cash
₹798 cr
Cash flow · H1 FY26
Operating
₹-26 cr
Investing
₹-40 cr
Financing
₹-265 cr
Peer comparison
TV Broadcasting & Software Production · by market value
CompanyPriceMarket capP/E
Sun TV Network Limited₹468₹18,459 cr7.5
Zee Entertainment Enterprises Limitedthis company₹78₹7,526 cr24.8
Hathway Cable & Datacom Limited₹10₹1,774 cr17.9
Den Networks Limited₹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.
Corporate actions
Dividend yield
2.55%
trailing 12 months
Dividend / share (TTM)
₹2
Last dividend
₹2
ex 10 Sep 2026
ActionDetailEx-date
Dividend₹2 / share10 Sep 2026
Dividend₹2.43 / share29 Aug 2025
Dividend₹1 / share8 Nov 2024
Dividend₹3 / share15 Sep 2022
Dividend₹2.5 / share2 Sep 2021
Dividend₹0.3 / share10 Sep 2020
Who owns it · 2026-06-30
5.4% pledged
Promoter
4.0%
FII / Foreign
20.1%
DII / Domestic
7.9%
Retail / others
68.0%
Smart-money activity
Insider trades
BoughtSunbright Mauritius Investments Limited · Promoter Group2.41 cr · ₹75.8 cr27 Aug 26
BoughtSunbright Mauritius Investments Limited · Promoter Group20.94 cr · ₹659.8 cr21 Aug 26
BoughtShreyasi Goenka · Immediate Relative10.00 L · ₹10.3 cr14 Aug 26
Bulk / block deals
short · NSE216 Sep 26
short · NSE28 Sep 26
short · NSE11 Sep 26
Stake changes
BoughtSunbright Mauritius Investments Limited · promoter→ 19.56% · 2.41 cr27 Aug 26
BoughtSunbright Mauritius Investments Limited · promoter→ 17.90% · 20.94 cr21 Aug 26
SoldHDFC Mutual Fund→ 3.00% · 1.98 cr16 Dec 25
Promoter pledges
Invokedshapoorji Pallonji Finance Pvt Ltd2.90 L · 0.04% held15 Feb 21
InvokedAxis Finance Limited10.35 L · 0.16% held27 Jul 20
InvokedIDBI Trusteeship Services Ltd on behalf of varous schemes of Franklin Templeton Mutual Fund43.48 L · 0.65% held17 Jul 20
What shareholders were asked to approve
2 proposals passed only on promoter votes

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.

Postal ballot · 28 Nov 2025
See the official result
1
Appointment of Mr R Gopalan (DIN 01624555) as a Non- Exective, Non- Independent Director of the Company.
⚑ Passed only because promoters voted yes
Backed by 49% of shareholders other than promotersneeded 50%
19.83 cr votes for, 20.85 cr against · 58% 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 — 69 named members
owning 4.0% between them · as of 2026-06-30
Essel Media Ventures Limited3.45%
Cyquator Media Services Private Limited0.20%
Essel Holdings Ltd0.18%
Essel International Limited0.14%
Essel Corporate LLP0.02%
Adhikaar Foundationno shares
Adilink Infra & Multitrading Private Limitedno shares
Agrani Utility Works Private Limitedno shares
Business done with them
FY2025 · 1 of the group
The company paid ₹20 L to companies in the promoter group last year — about 0.0% of its ₹8,294 cr revenue.
Essel Corporate LLP
Settlement Of Liabilities By Entity On Behalf Of Related Party · Refer Below
also owns 0.02% of the company
₹20 L
company paid

The company also transacted with 11 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.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹200 cr raised in Aug 2024 by private placement basis

As of Sep 2025, the company says it has spent 100% of what it set aside.

Working capital/general corporate purpose
100%
₹200 cr of ₹200 cr
Spent by quarter: 0%50%100% (to Sep 2025)

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

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