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Dossier · NEXT MEDIAWORKS LIMITED · 29 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
NEXT MEDIAWORKS LIMITED NSE: NEXTMEDIA · BSE: 532416
Consumer Discretionary › Media Entertainment & Publication › Entertainment › Media & Entertainment
NEXT MEDIAWORKS LIMITED
StateQ4 FY25 filed
Last close · 28 Oct 2026₹3.34
Market cap₹0.0k cr
TTM P/E · P/B · EV/EBITDA0.3 · — · 0.7
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
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY21–FY25 (all audited; no estimate years)
₹ 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)
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · NEXT MEDIAWORKS LIMITED · 29 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
₹ 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
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Peers — basic industry group, by market cap
Company
M.cap ₹ cr
P/E
P/B
EV/EBITDA
ROE %
ROCE %
Rev CAGR 5y %
EBITDA m. %
TIPS MUSIC LIMITED
10,163
47.4
39.10
—
83.4
110.1
—
55.7
SAREGAMA INDIA LIMITED
10,110
45.6
5.96
27.4
12.2
15.7
17.4
37.0
NETWORK18 MEDIA & INV LTD
3,722
—
0.75
35.9
3.1
(2.8)
(14.7)
2.3
BALAJI TELEFILMS LIMITED.
1,036
—
1.67
—
(8.0)
(10.2)
(6.4)
12.4
ENTERTAIN NET. IND. LTD.
391
—
0.52
5.2
(1.0)
(3.4)
15.7
15.4
SHEMAROO ENTER. LTD.
282
—
1.05
—
(81.6)
(106.4)
13.4
(0.9)
MUSIC BROADCAST LIMITED
183
—
0.41
—
(12.0)
(11.8)
—
38.4
GRADIENTE INFOTAINMENT L
59
12.7
0.19
—
0.9
1.3
—
10.9
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
Metric
Company
Group median
Rank
Better than
P/E (TTM)
0.3
22.0
1 of 5
100%
ROCE
570.4
(3.1)
1 of 12
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
22
183
10 of 13
25%
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · NEXT MEDIAWORKS LIMITED · 29 October 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
Date · filing
Category
Importance
Next day %
5-day %
26 Oct 2026 · Board meeting to approve September 2026 quarterly and half-year results
results
low
—
—
9 Oct 2026 · Routine compliance certificate for Q2 FY27 demat requests
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
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A state: the latest filed quarter and the measured reactions
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A target price and upside
The current price and the multiples against the group
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Estimate years marked E
More audited years; no estimates
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Sources, method and disclosures
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.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
