BSE: 538579
ZINEMA MEDIA AND ENTERTAINMENT
Produces and distributes films and recorded music, primarily in Hindi and Tamil. Film activity revolves around theatrical releases—the worldwide theatrical release of the romantic comedy drama Love Oh Love on July 10, 2026—where revenue flows from pre-sold OTT streaming rights (Amazon Prime Video exclusive), audio and music rights (Think Music), and theatrical box office. The Zinema Music record label, launched April 14, 2026, releases new music weekly and distributes across more than 150 global streaming platforms including Spotify, Apple Music, YouTube Music, Amazon Music, JioSaavn and Gaana, with a stated plan to expand from Hindi and Tamil into more regional Indian languages over the next 12 months. The business is BSE SME-listed (Code: 538579) and tiny in scale—FY26 revenue was Rs. 4.68 crore, against total income of Rs. 515.24 lakhs (vs. Rs. 59.16 lakhs in FY25) per the FY26 board filing. Cost structure is dominated by other operating expenses at 89.3% of revenue, with employees at 4.2% and depreciation at 1.4%; materials and capex are nil. A proposed 60% acquisition of Beontyme Technologies and a preferential share-swap with Tulsea Media were withdrawn by the Board in May 2026 due to technical shortcomings. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Film production and rights monetisation, Music distribution via Zinema Music label. Small, asset-light film production and recorded-music distribution business; early-stage and speculative
Exhibit 1: Financial summary, FY20–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY20 | FY21 | FY23 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1 | 0 | 0 | 0 | 5 |
| EBITDA (ex other income) | — | — | — | 0 | 0 |
| margin % | — | — | — | 10.0 | 6.5 |
| Owners' profit | — | — | — | 0 | 0 |
| EPS, as reported (₹) | (0.07) | (0.01) | (0.02) | 0.41 | 0.53 |
| ROE % · ROCE % | — · (4.2) | — · (0.5) | — · (1.4) | 3.2 · 2.9 | 4.2 · 7.1 |
| Debt / equity (x) | — | — | — | 0.00 | 0.00 |
| Cash from operations | — | 5 | (2) | (0) | (6) |
| Capex | — | — | — | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q4 FY21 | Q2 FY22 | Q4 FY23 | Q2 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 3 |
| Profit before tax | (0) | 0 | (0) | 0 | 0 | 0 | 0 | 0 |
| Net profit | — | — | — | — | — | 0 | 0 | 0 |
| EPS (₹) | (0.01) | 0.00 | (0.01) | 0.21 | 0.07 | 0.34 | 0.29 | 0.43 |
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. % |
|---|---|---|---|---|---|---|---|---|
| REDINGTON LIMITED | 27,525 | 16.2 | 2.64 | 12.8 | 12.3 | 15.7 | 15.9 | 2.2 |
| MMTC LIMITED | 7,740 | 17.3 | 3.65 | 16.5 | 18.3 | 21.6 | (83.7) | 18426.5 |
| MSTC LIMITED | 3,896 | 16.6 | 4.31 | 11.3 | 24.2 | 31.8 | (13.9) | 86.5 |
| CREATIVE NEWTECH LIMITED | 1,653 | 25.4 | 4.27 | 19.0 | 18.1 | 21.0 | — | 5.2 |
| Pervasive Commodities Limited | 1,104 | — | 12.27 | — | (0.0) | (0.0) | — | 45.0 |
| SHIV AUM STEELS LIMITED | 736 | 64.8 | 6.09 | 47.0 | 6.0 | 6.9 | — | 4.9 |
| The Yamuna Syndicate Ltd | 736 | 8.1 | 0.57 | 185.3 | 4.0 | 0.3 | 4.8 | 6.2 |
| THE STATE TRADING CORPN | 602 | 0.9 | — | 51.0 | — | — | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 15.0 | 13.9 | 67 of 130 | 49% |
| P/B | 1.3 | 0.9 | 88 of 150 | 42% |
| ROCE | 5.1 | 2.1 | 63 of 177 | 65% |
| ROE | 4.2 | 2.3 | 63 of 158 | 61% |
| Debt / Equity | 0.0 | 0.1 | 1 of 154 | 73% |
| EBITDA margin | 16.4 | 4.5 | 31 of 137 | 78% |
| Market cap | 12 | 21 | 120 of 179 | 33% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 28 Oct 2026 · VRKSA Consultants appointed internal auditor for FY 2026-27 | management changes | medium | — | — |
| 28 Oct 2026 · VRKSA Consultants appointed internal auditor for FY 2026-27 | management changes | medium | — | — |
| 28 Oct 2026 · Secretarial Auditor P B and Associates resigns effective July 31, 2026 | management changes | medium | — | — |
| 12 Oct 2026 · Reg 74(5) compliance certificate for Q2 FY27 from registrar | compliance | minimal | — | — |
| 1 Oct 2026 · 42nd AGM: All 10 resolutions passed; preferential issue of 24.99 lakh shares approved | board shareholder meetings | low | — | — |
| 1 Oct 2026 · 42nd AGM voting results: all 10 resolutions passed with 100% support | board shareholder meetings | low | — | — |
| 1 Oct 2026 · 42nd AGM voting results: all 10 resolutions passed including equity issue | board shareholder meetings | low | — | — |
| 30 Sept 2026 · 42nd AGM held; preferential issue of about 24.99 lakh shares approved | board shareholder meetings | low | — | — |
| 29 Sept 2026 · Trading window closed ahead of H2 FY26 results | compliance | minimal | — | — |
| 8 Sept 2026 · 42nd AGM notice and Annual Report for FY 2025-26 | board shareholder meetings | medium | — | — |
How to read this document
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|---|---|---|
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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.