Prints and publishes newspapers and periodicals in both English and Hindi, generating 729.5 crore from this segment in FY26 (98.6% of segment revenue). The print business grew advertising revenue 8% year-on-year, with operating EBITDA improving 82% for the year. The company is part of the HT Media Group, with HT Media Limited as its promoter. Alongside its print mastheads, it had run a Radio business that saw a 32% revenue decline and was scaled back by surrendering non-viable radio licenses. Its OTTplay digital subscription business was discontinued on March 31, 2026 after failing to reach sustainable profitability, contributing a loss of 92.4 crore after tax. Total revenue from continuing operations was 739.6 crore in FY26, up 9.9% from FY25, with EBITDA from continuing operations at 204.1 crore. The biggest operating cost is materials at 29.7% of revenue, primarily newsprint, while employees account for 19.0% and other operating expenses for 36.2%. The company holds net cash of 1,001 crore and made new investments of up to 21.66 crore in Assetvault Limited and up to 9.34 crore in KSKT Agromart during FY26. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Printing & publishing of newspapers & periodicals (99%), Unallocated (1%). Asset-light print media publishing with declining Radio and discontinued digital OTTplay
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 669 | 713 | 704 | 733 | 740 |
| EBITDA (ex other income) | 9 | (87) | (75) | (32) | 96 |
| margin % | 1.3 | (12.1) | (10.6) | (4.4) | 13.0 |
| Owners' profit | 41 | (38) | 10 | 0 | 49 |
| EPS, as reported (₹) | 5.51 | (5.17) | 1.35 | 10.56 | 6.61 |
| ROE % · ROCE % | 2.6 · 3.5 | (2.6) · (2.6) | 0.7 · 0.3 | 5.1 · 5.6 | 3.1 · 10.4 |
| Debt / equity (x) | 0.07 | 0.04 | 0.04 | 0.01 | 0.04 |
| Cash from operations | 54 | 52 | 16 | 38 | 72 |
| Capex | (15) | (14) | (15) | (4) | (3) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 172 | 197 | 201 | 183 | 197 | 212 | 216 | 197 |
| Profit before tax | 15 | 20 | 46 | 12 | 11 | 1 | 72 | 69 |
| Net profit | 14 | 18 | 45 | 10 | 10 | 1 | 27 | 51 |
| EPS (₹) | 1.88 | 2.44 | 6.16 | 1.39 | 1.37 | 0.12 | 3.73 | 6.95 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Printing & publishing of newspapers & periodicals | 732 | 90.4 |
| Unallocated | 10 | 1.3 |
| Digital | 68 | 8.4 |
| Total, before eliminations | 810 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| D.B.CORP LTD | 3,396 | 9.7 | 1.40 | 5.8 | 13.7 | 16.2 | 9.3 | 27.3 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · HMVL converts OCDs into 2.48 percent equity stake in StockGro for Rs 85 Cr | strategic transactions | high | — | — |
| 1 Sept 2026 · AGM notice published in newspapers; 16th AGM on Sept 24, 2026 | compliance | minimal | — | — |
| 31 Aug 2026 · HMVL sends AGM notice weblink to shareholders without registered emails | compliance | minimal | — | — |
| 31 Aug 2026 · AGM notice on Sept 24 and FY-26 annual report filed | board shareholder meetings | low | — | — |
| 31 Aug 2026 · Notice of 16th AGM and Annual Report for FY-26 | board shareholder meetings | low | — | — |
| 21 Aug 2026 · Newspaper notice for 16th AGM on September 24, 2026 | compliance | minimal | — | — |
| 12 Aug 2026 · Q1 FY27 earnings: revenue up 15 percent, PAT at INR 47 crore | investor communications | medium | — | — |
| 10 Aug 2026 · HMVL acquires 3.8 percent stake in RD Retail India for Rs 32.5 Crore | strategic transactions | medium | — | — |
| 5 Aug 2026 · HMVL Q1 FY27 results: revenue up 15%, EBITDA margin doubles to 18% | investor communications | medium | — | — |
| 4 Aug 2026 · Board approves Q1 FY27 results; PAT from continuing ops more than doubles | results | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| JAGRAN PRAKASHAN LIMITED |
| 1,354 |
| 7.2 |
| 0.64 |
| 3.6 |
| 8.7 |
| 11.7 |
| 7.8 |
| 20.4 |
| SANDESH LTD | 779 | 7.3 | 0.55 | 7.4 | 4.6 | 6.5 | 9.9 | 24.4 |
| HT MEDIA LIMITED | 582 | — | 0.29 | 6.5 | (2.4) | 1.4 | 10.0 | 20.8 |
| HINDUSTAN MEDIA VENT LTD ◆ | 580 | 6.5 | 0.37 | 3.4 | 3.1 | 10.0 | 6.3 | 38.1 |
| ENCODE PACKAGING INDIA LIMITED | — | — | — | — | (0.0) | (0.0) | — | — |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 6.5 | 9.3 | 6 of 20 | 74% |
| P/B | 0.4 | 1.0 | 3 of 17 | 88% |
| ROCE | 10.0 | 9.8 | 12 of 24 | 52% |
| ROE | 3.1 | 3.5 | 11 of 19 | 44% |
| Debt / Equity | 0.0 | 0.0 | 14 of 19 | 28% |
| EBITDA margin | 38.1 | 20.6 | 1 of 16 | 100% |
| Revenue growth | 7.8 | 9.6 | 12 of 16 | 27% |
| Profit growth | 399.7 | 19.4 | 3 of 16 | 87% |
| Market cap | 580 | 165 | 7 of 24 | 74% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
