Has no active business and reports zero revenue from operations. Classified under Media & Entertainment and listed on NSE and BSE, its audited FY26 results were flagged by the auditor (S.R. Batliboi & Associates) as not on a going-concern basis because there are no business operations, no operating cash flows, and no definitive business plans. The main recurring cost is finance costs on inter-corporate borrowing from Next Radio Limited. Net worth is fully eroded. HT Media Limited is identified as the promoter in a June 2026 disclosure. An exceptional loss was booked for GST Input Tax Credit impairment due to the going-concern issue. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Revenue from operations. Listed shell with no operations; auditor-flagged going concern doubt
| ₹ crore · consolidated | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 19 | 26 | 36 | 38 | 30 |
| EBITDA (ex other income) | (20) | (10) | (1) | (14) | 76 |
| margin % | (101.4) | (39.3) | (4.0) | (36.4) | 251.5 |
| Owners' profit | (21) | (17) | (14) | (22) | 64 |
| EPS, as reported (₹) | (3.21) | (2.54) | (2.12) | (3.32) | 9.51 |
| ROE % · ROCE % | 77.5 · (31.2) | 37.9 · (16.9) | 23.1 · (7.0) | 26.8 · (26.8) | (215.5) · 783.8 |
| Debt / equity (x) | (2.27) | (1.71) | (1.33) | (1.36) | (1.38) |
| Cash from operations | (13) | (11) | (1) | 2 | (1) |
| Capex | (0) | (1) | (2) | (0) | (0) |
| ₹ crore | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 9 | 8 | 11 | 11 | 9 | 8 | 10 | 3 |
| Profit before tax | (7) | (12) | (6) | (14) | (7) | (8) | (6) | 75 |
| Net profit | (7) | (12) | (6) | (14) | (7) | (8) | (6) | 75 |
| EPS (₹) | (0.60) | (0.97) | (0.54) | (1.21) | (0.67) | (0.68) | (0.56) | 11.42 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SAREGAMA INDIA LIMITED | 9,738 | 43.9 | 5.74 | 26.4 | 12.2 | 15.7 | 17.4 | 37.0 |
| TIPS MUSIC LIMITED | 8,441 | 39.3 | 32.47 | — | 83.4 | 110.1 | — | 55.7 |
| NETWORK18 MEDIA & INV LTD | 4,109 | — | 0.82 | 38.0 | 3.1 | (2.8) | (14.7) | 2.3 |
| BALAJI TELEFILMS LIMITED. | 1,101 | — | 1.77 | — | (8.0) | (10.2) | (6.4) |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 28 Aug 2026 · Newspaper publication of 45th AGM notice and Annual Report dispatch | compliance | minimal | — | — |
| 27 Aug 2026 · AGM notice and annual report links sent to shareholders | compliance | minimal | — | — |
| 27 Aug 2026 · Next Mediaworks 45th AGM on Sept 22, 2026 - Notice and Annual Report | board shareholder meetings | low | — | — |
| 22 Aug 2026 · Notice of 45th AGM on 22 Sept 2026 via video conferencing | compliance | minimal | — | — |
| 31 Jul 2026 · Q1 FY27 Results: Going Concern Doubt, Net Worth Fully Eroded | board shareholder meetings | low | — | — |
| 31 Jul 2026 · Q1 FY27 Results: Going Concern Doubt, Net Worth Fully Eroded | results | high | — | — |
| 23 Jul 2026 · Board meeting on July 31 to consider Q1 FY27 standalone results | results | low | — | — |
| 8 Jul 2026 · Routine quarterly compliance certificate for Q1 FY27 demat requests | compliance | minimal | — | — |
| 8 Jul 2026 · Regulation 74(5) compliance certificate filed for quarter ended June 2026 | compliance | minimal | — | — |
| 25 Jun 2026 · Trading window closed from July 1 ahead of Q1 results | compliance | minimal | — | — |
| 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 |
| 12.4 |
| ENTERTAIN NET. IND. LTD. | 482 | — | 0.63 | 6.5 | (1.0) | (3.4) | 15.7 | 15.4 |
| SHEMAROO ENTER. LTD. | 342 | — | 1.28 | — | (81.6) | (106.4) | 13.4 | (0.9) |
| MUSIC BROADCAST LIMITED | 211 | — | 0.47 | — | (12.0) | (11.8) | — | 38.4 |
| GRADIENTE INFOTAINMENT L | 84 | 18.0 | 0.27 | — | 0.9 | 1.3 | — | 10.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 0.4 | 26.0 | 1 of 5 | 100% |
| ROCE | 570.4 | (2.8) | 1 of 13 | 100% |
| ROE | (215.5) | (1.2) | 13 of 13 | 0% |
| Debt / Equity | (1.4) | 0.0 | 1 of 13 | 100% |
| EBITDA margin | 2702.1 | 12.4 | 1 of 13 | 100% |
| Revenue growth | (73.0) | (2.8) | 10 of 11 | 10% |
| Profit growth | 619.9 | 56.4 | 1 of 12 | 100% |
| Market cap | 26 | 211 | 9 of 13 | 33% |
| 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.
