NSE: RAJTV · BSE: 532826
RAJ TV NETWORK LTD
Operates a television broadcasting and software production business, classified under TV Broadcasting & Software Production. Standalone revenue from operations for FY26 stood at Rs 70.0452 crore, which the company reported as a 44% decline from the prior year. Despite the revenue contraction, it returned to a net profit of Rs 0.7912 crore against a net loss of Rs 210.13 crore (as filed) the previous year. The largest cost line is materials and programming input at 60.8% of revenue, followed by employee cost at 22.6% and other operating expenses at 10.8%, with depreciation at 1.1% and capex at 0.0% of revenue. The company has no subsidiaries and publishes audited results in both an English newspaper (Trinity Mirror) and a Tamil newspaper (Makkal Kural), indicating a Tamil-language broadcasting focus. Total assets stood at Rs 170.6707 crore and FY26 EBITDA margin was 6.7244%. Operating cash flow turned positive at Rs 75.31 (as filed) from negative the prior year, and long-term borrowings were brought down from Rs 129.91 lakh to Rs 78 lakh. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. TV Broadcasting, Software Production. Small Tamil-language TV broadcasting and software production company with declining revenue and recently returned profitability
Exhibit 1: Financial summary, – (all audited; no estimate years)
| ₹ crore · consolidated |
|---|
| Revenue |
| EBITDA (ex other income) |
| margin % |
| Owners' profit |
| EPS, as reported (₹) |
| ROE % · ROCE % |
| Debt / equity (x) |
| Cash from operations |
| Capex |
Exhibit 2: Quarterly performance, last 1 quarters
| ₹ crore | Q2 FY23 |
|---|---|
| Revenue | 15 |
| Profit before tax | (0) |
| Net profit | (0) |
| EPS (₹) | (0.01) |
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. % |
|---|---|---|---|---|---|---|---|---|
| SUN TV NETWORK LIMITED | 24,827 | 16.2 | 1.96 | 9.1 | 11.4 | 15.4 | 6.4 | 62.5 |
| ZEE ENTERTAINMENT ENT LTD | 6,709 | 19.2 | 0.57 | 11.4 | 2.3 | 2.3 | 0.9 | 6.9 |
| HATHWAY CABLE & DATACOM | 1,634 | 22.0 | 0.37 | 3.8 | 1.8 | 2.4 | 4.4 | 19.1 |
| DEN NETWORKS LTD | 1,164 | 7.8 | 0.30 | 3.8 | 4.3 | 5.4 | (5.7) | 28.0 |
| NDTV LTD | 698 | — | 5.41 | — | (250.2) | (82.5) | 8.1 | (55.5) |
| GTPL HATHWAY LIMITED | 607 | 80.6 | 0.48 | 1.9 | 1.0 | 1.0 | 8.6 | 10.8 |
| TV TODAY NETWORK LTD | 607 | 35.2 | 0.68 | 9.6 | 1.6 | 3.3 | 0.6 | 10.8 |
| ZEE MEDIA CORPORATION LTD | 463 | — | 2.07 | 3.9 | 0.9 | (1.8) | 3.2 | 9.4 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 0.3 | 0.6 | 1 of 14 | 100% |
| ROCE | (0.1) | 2.3 | 11 of 15 | 29% |
| ROE | (0.1) | 1.3 | 11 of 14 | 23% |
| Debt / Equity | 0.2 | 0.0 | 10 of 14 | 31% |
| EBITDA margin | 0.3 | 9.4 | 13 of 17 | 25% |
| Market cap | 36 | 320 | 11 of 17 | 38% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 22 Oct 2026 · Non-promoter Kiran Kumar Jain sells 2.69% stake in Raj TV Network via open market | compliance | minimal | — | — |
| 12 Oct 2026 · Non-promoter Kiran Kumar Jain sells 0.92% stake in Raj TV Network | ownership changes | high | — | — |
| 8 Oct 2026 · RTA compliance certificate under SEBI Regulation 74(5) for Q2 FY27 | compliance | minimal | — | — |
| 1 Oct 2026 · Mrs. Bharathi Sridhar reappointed as Independent Director for 5 years | management changes | medium | — | — |
| 1 Oct 2026 · 32nd AGM results: All 4 resolutions approved with 99.97% majority | board shareholder meetings | low | — | — |
| 30 Sept 2026 · Raj TV Network holds 32nd AGM, all four resolutions passed | board shareholder meetings | medium | — | — |
| 29 Sept 2026 · Clarification on significant price movement in stock | regulatory legal | medium | — | — |
| 28 Sept 2026 · BSE seeks clarification on sharp price movement | regulatory legal | medium | — | — |
| 28 Sept 2026 · Trading Window closed from Oct 1, 2026 till Q2 results announcement | compliance | minimal | — | — |
| 7 Sept 2026 · Non-promoter Kiran Kumar Jain sells 4.7 lakh shares of Raj TV Network | ownership changes | medium | — | — |
How to read this document
| 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 | 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 |
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.