Sector Alpha Week of 2026-09-28
Not SEBI Registered !! Not Investment advice !!
20-quarter listed-company comparison

Entertainment & Media Stocks in India

Entertainment & Media: Zee Entertainment Enterprises Ltd owns the largest revenue base; City Pulse Multiventures Ltd has the fastest current growth.

The 22 Entertainment & Media companies listed in India are Sun TV Network Ltd (₹20.2K Cr, the largest), Amagi Media Labs Ltd, Nazara Technologies Ltd and 19 more. 4 of 21 covered companies beat NIFTY 500 on relative strength. Readings are as of 28 Sep 2026.

Top 10 Entertainment & Media Stocks in India (Sep 2026) — ranked by 4-Factor score

  1. 1Nila Spaces Ltd₹436 Cr71.7/100Favorable setup · strongest on ROCE and ROCE improvement
  2. 2Nazara Technologies Ltd₹11.2K Cr67.4/100Favorable setup · strongest on ROCE and ROCE improvement
  3. 3Sun TV Network Ltd₹20.2K Cr64.7/100Mixed-positive evidence · strongest on relative strength versus sector and ROCE
  4. 4Hindustan Media Ventures Ltd₹532 Cr62.0/100Mixed-positive evidence · strongest on ROCE improvement and margin improvement
  5. 5H T Media Ltd₹560 Cr59.5/100Mixed-positive evidence · strongest on relative strength versus sector and margin improvement
  6. 6City Pulse Multiventures Ltd₹118 Cr56.3/100Mixed-positive evidence · strongest on relative strength versus sector and profit growth
  7. 7Zee Media Corporation Ltd₹493 Cr53.2/100Mixed-positive evidence · strongest on ROCE improvement and revenue growth
  8. 8Basilic Fly Studio Ltd₹485 Cr51.3/100Mixed-positive evidence · strongest on ROCE and own-history P/E
  9. 9Balaji Telefilms Ltd₹1.1K Cr47.2/100Mixed-negative evidence · strongest on relative strength versus sector and margin improvement
  10. 10Panorama Studios International Ltd₹1.2K Cr41.6/100Mixed-negative evidence · strongest on margin improvement and relative strength versus the benchmark

Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 25 Sep 2026. Not investment advice.

01 · the index people search for

Nifty Entertainment & Media Index — Constituents & Performance

The largest 15 of 22 listed Indian Entertainment & Media companies are named here; all 22 are ranked in the scorecard — the constituent set people search for as the Nifty Entertainment & Media index. Every figure is equal-weighted across those companies and carries its own as-of date. One large constituent cannot set the reading.

  1. Sun TV Network Ltd₹20.2K Cr
  2. Amagi Media Labs Ltd₹12.7K Cr
  3. Nazara Technologies Ltd₹11.2K Cr
  4. Zee Entertainment Enterprises Ltd₹7.4K Cr
  5. Network 18 Media & Investments Ltd₹4.1K Cr
  6. Hathway Cable & Datacom Ltd₹1.8K Cr
  7. Den Networks Ltd₹1.3K Cr
  8. Panorama Studios International Ltd₹1.2K Cr
  9. Balaji Telefilms Ltd₹1.1K Cr
  10. Bright Outdoor Media Ltd₹875 Cr
  11. New Delhi Television Ltd₹791 Cr
  12. GTPL Hathway Ltd₹636 Cr
  13. T.V. Today Network Ltd₹628 Cr
  14. H T Media Ltd₹560 Cr
  15. Hindustan Media Ventures Ltd₹532 Cr

The remaining 7 Entertainment & Media companies are named and ranked in the scorecard.

02 · the sector itself · before any single company

How has Entertainment & Media moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 1% behind NIFTY 500. Earnings across its companies fell 29% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 18 weeks running.

LEADER · ahead 18w⚠Moving with the index8 of the 19 companies with a long enough price record ahead of NIFTY 500 by 5% or more over three months

RS ↑18w · 8/19 >200d (−1) · 8/19 lead (+1) · EPS 6/18↑

20050020262025202420232022 459289 TRAILING 12-MONTH EPS · 100 AT THE START0100150Dec 23Jun 24Dec 24Jun 25Dec 25Jun 26Sep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · down 7.6% on a year ago · 10 reportingDec 2023 · trailing 12-month earnings per share at 102, against 100 at the start · up 8.9% on a year ago · 10 reportingMar 2024 · trailing 12-month earnings per share at 112, against 100 at the start · up 46.0% on a year ago · 11 reportingJun 2024 · trailing 12-month earnings per share at 98, against 100 at the start · down 47.6% on a year ago · 10 reportingSep 2024 · trailing 12-month earnings per share at 119, against 100 at the start · down 1.3% on a year ago · 11 reportingDec 2024 · trailing 12-month earnings per share at 109, against 100 at the start · up 32.1% on a year ago · 10 reportingMar 2025 · trailing 12-month earnings per share at 150, against 100 at the start · up 1.8% on a year ago · 11 reportingJun 2025 · trailing 12-month earnings per share at 122, against 100 at the start · up 10.5% on a year ago · 10 reportingSep 2025 · trailing 12-month earnings per share at 98, against 100 at the start · down 8.6% on a year ago · 12 reportingDec 2025 · trailing 12-month earnings per share at 70, against 100 at the start · down 11.4% on a year ago · 11 reportingMar 2026 · trailing 12-month earnings per share at 81, against 100 at the start · down 48.6% on a year ago · 11 reportingJun 2026 · trailing 12-month earnings per share at 55, against 100 at the start · down 45.7% on a year ago · 11 reportingNot reported yet — earnings trail price by a quarter or two55 · Jun 26No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
20050020262025202420232022 459289 TRAILING 12-MONTH EPS · 100 AT THE START0100150Jun 24Jun 25Jun 26Sep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · down 7.6% on a year ago · 10 reportingDec 2023 · trailing 12-month earnings per share at 102, against 100 at the start · up 8.9% on a year ago · 10 reportingMar 2024 · trailing 12-month earnings per share at 112, against 100 at the start · up 46.0% on a year ago · 11 reportingJun 2024 · trailing 12-month earnings per share at 98, against 100 at the start · down 47.6% on a year ago · 10 reportingSep 2024 · trailing 12-month earnings per share at 119, against 100 at the start · down 1.3% on a year ago · 11 reportingDec 2024 · trailing 12-month earnings per share at 109, against 100 at the start · up 32.1% on a year ago · 10 reportingMar 2025 · trailing 12-month earnings per share at 150, against 100 at the start · up 1.8% on a year ago · 11 reportingJun 2025 · trailing 12-month earnings per share at 122, against 100 at the start · up 10.5% on a year ago · 10 reportingSep 2025 · trailing 12-month earnings per share at 98, against 100 at the start · down 8.6% on a year ago · 12 reportingDec 2025 · trailing 12-month earnings per share at 70, against 100 at the start · down 11.4% on a year ago · 11 reportingMar 2026 · trailing 12-month earnings per share at 81, against 100 at the start · down 48.6% on a year ago · 11 reportingJun 2026 · trailing 12-month earnings per share at 55, against 100 at the start · down 45.7% on a year ago · 11 reportingNot reported yet — earnings trail price by a quarter or two55No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
Entertainment & Media, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of 19 of its 22 companies — the 3 with too short a price record are ranked in the scorecard but cannot sit in this line. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

03 · sector relative strength, before individual stocks

Is Entertainment & Media outperforming NIFTY 500?

Entertainment & Media has underperformed NIFTY 500 by 27.7% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 19.8%. 4 of 21 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. City Pulse Multiventures Ltd is the strongest against the sector itself at +49.3%.

-19.8%Sector vs NIFTY 500 · 13 weeks
-27.7%Sector vs NIFTY 500 · 52 weeks
4/21Stocks leading NIFTY 500
11/20Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Entertainment & Media has underperformed NIFTY 500 by 27.7% over 52 weeks and 19.8% over 13 weeks. 4 of 21 covered companies beat NIFTY on Mansfield relative strength, while 11 of 20 beat the sector itself. Zee Entertainment Enterprises Ltd leads with revenue of ₹8,181 crore, based on 21 of 22 comparable companies through Jun 2026.

Companies
22
complete canonical membership
Combined market value
₹67.5K Cr
Sun TV Network Ltd
Revenue growing
14/19
positive TTM year-on-year growth
Beating NIFTY 500
4/21
positive Mansfield relative strength
Comparing 5 of 22
04 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Nila Spaces Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 81% evidence confidence.
Basilic Fly Studio Ltd looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
Balaji Telefilms Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Nila Spaces LtdNILASPACES 71.7/100Favorable setup81% evidence ASLEEP 29.0/35 Revenue 31.1% · PAT 75.5% · OPM change 9.1 pp 95% evidence 19.7/25 ROCE 30.5% · OPM 38.7% 95% evidence 11.7/20 P/E 14× · PEG — 50% evidence 11.3/20 RS sector 10.3% · RS bench -20.1% · 1Y -31%0 of 7 weeks ahead 70% evidence
Exact sum: 29 + 19.7 + 11.7 + 11.3 = 71.7 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2Nazara Technologies Ltd543280 67.4/100Favorable setup65% evidence 25.9/35 Revenue 12.6% · PAT 41.4% · OPM change 5 pp 83% evidence 17.9/25 ROCE 27.2% · OPM 11% 76% evidence 10.6/20 P/E 11.6× · PEG — 15% evidence 13.0/20 RS sector 2.6% · RS bench 9.1% · 1Y 12%6 of 12 weeks ahead to 2026-08-02 70% evidence
Exact sum: 25.9 + 17.9 + 10.6 + 13 = 67.4 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
3Sun TV Network LtdSUNTV 64.7/100Mixed-positive evidence100% evidence TURNING 18.3/35 Revenue 12.7% · PAT -8.6% · OPM change 2 pp 100% evidence 18.4/25 ROCE 16.4% · OPM 50% 100% evidence 12.8/20 P/E 12.8× · PEG 1.37 100% evidence 15.2/20 RS sector 13.7% · RS bench -3.7% · 1Y -7.9%0 of 12 weeks ahead 100% evidence
Exact sum: 18.3 + 18.4 + 12.8 + 15.2 = 64.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Hindustan Media Ventures LtdHMVL 62.0/100Mixed-positive evidence72% evidence ASLEEP 23.1/35 Revenue 10.8% · PAT 2.3% · OPM change 8 pp 95% evidence 14.6/25 ROCE 10.8% · OPM 14% 95% evidence 13.6/20 P/E 3.3× · PEG — 50% evidence 10.7/20 RS sector — · RS bench -1.6% · 1Y —7 of 11 weeks ahead 25% evidence
Exact sum: 23.1 + 14.6 + 13.6 + 10.7 = 62 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5H T Media LtdHTMEDIA 59.5/100Mixed-positive evidence79% evidence BREAKING OUT 18.5/35 Revenue 4.1% · PAT -80% · OPM change 9.9 pp 71% evidence 8.8/25 ROCE 6.3% · OPM 7% 95% evidence 13.9/20 P/E 4.6× · PEG — 50% evidence 18.3/20 RS sector 22.4% · RS bench 3.8% · 1Y -10.1%12 of 12 weeks ahead 100% evidence
Exact sum: 18.5 + 8.8 + 13.9 + 18.3 = 59.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6City Pulse Multiventures Ltd542727 56.3/100Mixed-positive evidence69% evidence BASING 23.8/35 Revenue 100% · PAT 100% · OPM change -28 pp 95% evidence 11.3/25 ROCE 2.6% · OPM 53.6% 76% evidence 9.2/20 P/E 56.9× · PEG — 15% evidence 12.0/20 RS sector 49.3% · RS bench -96.2% · 1Y -97.3%0 of 11 weeks ahead 70% evidence
Exact sum: 23.8 + 11.3 + 9.2 + 12 = 56.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7Zee Media Corporation LtdZEEMEDIA 53.2/100Mixed-positive evidence72% evidence ASLEEP 20.8/35 Revenue 22.3% · PAT 98.3% · OPM change -2 pp 71% evidence 10.4/25 ROCE 5.3% · OPM 9% 95% evidence 8.7/20 P/E 146× · PEG — 15% evidence 13.3/20 RS sector 5.8% · RS bench -10.6% · 1Y -39.9%2 of 12 weeks ahead 100% evidence
Exact sum: 20.8 + 10.4 + 8.7 + 13.3 = 53.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8Basilic Fly Studio LtdBASILIC 51.3/100Mixed-positive evidence70% evidence 13.4/35 Revenue — · PAT — · OPM change -3 pp 45% evidence 20.8/25 ROCE 22.3% · OPM 21% 95% evidence 14.3/20 P/E 9.5× · PEG — 50% evidence 2.8/20 RS sector -27.1% · RS bench -34.7% · 1Y -52.8%0 of 5 weeks ahead to 2026-08-09 100% evidence
Exact sum: 13.4 + 20.8 + 14.3 + 2.8 = 51.3 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
9Balaji Telefilms LtdBALAJITELE 47.2/100Mixed-negative evidence64% evidence BREAKING OUT 14.3/35 Revenue 0.8% · PAT -80% · OPM change 24 pp 71% evidence 6.0/25 ROCE -10.1% · OPM 11% 76% evidence 10.0/20 P/E — · PEG — 0% evidence 16.9/20 RS sector 15% · RS bench -2.9% · 1Y -23.8%3 of 12 weeks ahead 100% evidence
Exact sum: 14.3 + 6 + 10 + 16.9 = 47.2 · Decision use: Price leads the evidence: RS versus the benchmark is -2.9%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
10Panorama Studios International Ltd539469 41.6/100Mixed-negative evidence69% evidence 9.6/35 Revenue -15.3% · PAT -74.9% · OPM change 5 pp 95% evidence 12.7/25 ROCE 8.7% · OPM 11% 76% evidence 9.4/20 P/E 51.2× · PEG — 15% evidence 9.9/20 RS sector -3.6% · RS bench 1.9% · 1Y 3%5 of 5 weeks ahead to 2026-08-16 70% evidence
Exact sum: 9.6 + 12.7 + 9.4 + 9.9 = 41.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
11Hathway Cable & Datacom LtdHATHWAY 41.5/100Mixed-negative evidence87% evidence ASLEEP 12.4/35 Revenue 5.7% · PAT -28.3% · OPM change -4 pp 95% evidence 8.2/25 ROCE 2.6% · OPM 13% 95% evidence 9.2/20 P/E 23.2× · PEG — 50% evidence 11.7/20 RS sector 5.6% · RS bench -11.1% · 1Y -34.2%1 of 12 weeks ahead 100% evidence
Exact sum: 12.4 + 8.2 + 9.2 + 11.7 = 41.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
12Dish TV India LtdDISHTV 40.2/100Mixed-negative evidence69% evidence ASLEEP 14.1/35 Revenue -23.8% · PAT -71.9% · OPM change -63 pp 71% evidence 12.4/25 ROCE 70% · OPM -41% 95% evidence 10.0/20 P/E — · PEG — 0% evidence 3.7/20 RS sector -14.6% · RS bench -28.5% · 1Y -56.8%0 of 12 weeks ahead 100% evidence
Exact sum: 14.1 + 12.4 + 10 + 3.7 = 40.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
13Network 18 Media & Investments LtdNETWORK18 38.2/100Mixed-negative evidence66% evidence ASLEEP 18.0/35 Revenue -48.5% · PAT 97.8% · OPM change 0.5 pp 95% evidence 5.8/25 ROCE 3% · OPM 1.4% 76% evidence 10.0/20 P/E — · PEG — 0% evidence 4.4/20 RS sector -19.2% · RS bench -24.2% · 1Y -51.7%0 of 11 weeks ahead 70% evidence
Exact sum: 18 + 5.8 + 10 + 4.4 = 38.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
14Den Networks LtdDEN 36.0/100Mixed-negative evidence81% evidence ASLEEP 9.9/35 Revenue -2.3% · PAT -29.8% · OPM change -3.3 pp 95% evidence 7.0/25 ROCE 3.2% · OPM 4.7% 95% evidence 11.8/20 P/E 8.5× · PEG — 50% evidence 7.3/20 RS sector -4.5% · RS bench -7.2% · 1Y -27.4%0 of 11 weeks ahead 70% evidence
Exact sum: 9.9 + 7 + 11.8 + 7.3 = 36 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
15T.V. Today Network LtdTVTODAY 34.0/100Adverse evidence81% evidence ASLEEP 11.8/35 Revenue -7.8% · PAT -43.3% · OPM change 5.9 pp 95% evidence 8.4/25 ROCE 4.5% · OPM 8% 95% evidence 7.8/20 P/E 23× · PEG — 50% evidence 6.0/20 RS sector -12.3% · RS bench -11.4% · 1Y -29.3%1 of 11 weeks ahead 70% evidence
Exact sum: 11.8 + 8.4 + 7.8 + 6 = 34 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
16New Delhi Television LtdNDTV 32.9/100Adverse evidence69% evidence BASING 10.3/35 Revenue 12.1% · PAT -39.6% · OPM change -4 pp 71% evidence 1.6/25 ROCE -72.6% · OPM -58% 95% evidence 10.0/20 P/E — · PEG — 0% evidence 11.0/20 RS sector 3.2% · RS bench -12.9% · 1Y -46%1 of 12 weeks ahead 100% evidence
Exact sum: 10.3 + 1.6 + 10 + 11 = 32.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
17Entertainment Network (India) LtdENIL 32.6/100Adverse evidence73% evidence 13.4/35 Revenue 3.9% · PAT -80% · OPM change 1.5 pp 71% evidence 4.0/25 ROCE -0.8% · OPM 7.9% 95% evidence 5.6/20 P/E 364× · PEG — 50% evidence 9.6/20 RS sector 2.9% · RS bench -18.6% · 1Y -38%0 of 4 weeks ahead to 2026-08-09 70% evidence
Exact sum: 13.4 + 4 + 5.6 + 9.6 = 32.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
18Zee Entertainment Enterprises LtdZEEL 31.4/100Adverse evidence94% evidence ASLEEP 5.8/35 Revenue 2.4% · PAT -71.5% · OPM change -8 pp 100% evidence 6.3/25 ROCE 2.7% · OPM 5% 100% evidence 13.3/20 P/E 35.3× · PEG 0.28 100% evidence 6.0/20 RS sector -10.4% · RS bench -16.4% · 1Y -34%6 of 11 weeks ahead 70% evidence
Exact sum: 5.8 + 6.3 + 13.3 + 6 = 31.4 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
19GTPL Hathway LtdGTPL 30.2/100Adverse evidence81% evidence BASING 9.9/35 Revenue 8.3% · PAT -80% · OPM change -1.5 pp 95% evidence 10.7/25 ROCE 3.5% · OPM 10.3% 95% evidence 5.6/20 P/E 79.7× · PEG — 50% evidence 4.0/20 RS sector -26.5% · RS bench -22.9% · 1Y -51.2%0 of 11 weeks ahead 70% evidence
Exact sum: 9.9 + 10.7 + 5.6 + 4 = 30.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
20Bright Outdoor Media Ltd543831 62.8/100Thin evidence · provisional48% evidence 20.3/35 Revenue 50.9% · PAT 100% · OPM change 1 pp 27% evidence 16.5/25 ROCE 15.7% · OPM 23% 57% evidence 9.3/20 P/E 43.7× · PEG — 50% evidence 16.7/20 RS sector 27% · RS bench 17.4% · 1Y 15.5%12 of 12 weeks ahead to 2026-04-05 70% evidence
Exact sum: 20.3 + 16.5 + 9.3 + 16.7 = 62.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
21Amagi Media Labs LtdAMAGI 52.1/100Thin evidence · provisional38% evidence BREAKING OUT 22.9/35 Revenue — · PAT — · OPM change 7.4 pp 45% evidence 10.3/25 ROCE 8% · OPM 7% 76% evidence 8.9/20 P/E 125× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y —12 of 12 weeks ahead 0% evidence
Exact sum: 22.9 + 10.3 + 8.9 + 10 = 52.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
22DAPS Advertising Ltd543651 50.1/100Thin evidence · provisional43% evidence 17.9/35 Revenue — · PAT — · OPM change 0.7 pp 15% evidence 12.6/25 ROCE 9.9% · OPM 5.4% 57% evidence 13.9/20 P/E 8.5× · PEG — 50% evidence 5.7/20 RS sector -21.4% · RS bench -6.2% · 1Y -21.2%0 of 10 weeks ahead to 2026-03-29 70% evidence
Exact sum: 17.9 + 12.6 + 13.9 + 5.7 = 50.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
Showing 10 of 22 companies
05 · what price has already done

Market action

Bright Outdoor Media Ltd has the strongest one-year price move in Entertainment & Media at +15.5%. It also leads on Mansfield relative strength against NIFTY at +17.4%. 4 of 21 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-09-25.

Price and relative strength

Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

06 · the story behind the numbers

Entertainment & Media — the story behind the numbers

This is the written read behind the Entertainment & Media figures above — what is actually happening in the sector, in words, with the evidence each claim rests on. It is dated 29 Jul 2026. 3 themes are live here, 1 of them rated high severity.

The Entertainment & Media sector displayed fragmented performance in Q4 FY26. TV Today Network emerged as a top performer with PAT growing 46.7% YoY to ₹9.02 crore, recovering from a prior quarter loss. Conversely, NDTV reported a consolidated net loss after tax widening to ₹98.57 crore.

How old this read is: This read comes from our Entertainment & Media sector brief dated 29 Jul 2026 — 61 days old. The numbers above it are newer than the words here.

What is live in this sector right now

Live themeSeverityEvidence on file
All 4 constituents face regulatory risks ranging from SEBI exemptions to tax demands and TRAI consultations.Named for 539469, 542727, NDTV, TVTODAYhigh“Tax demand of ₹443.28 crore for AY 2008-09 pending appeal; stay granted but enforcement risk remains if appeal unsuccessful.” NDTV secured stay on tax demand; TVTN submitted counter comments to TRAI.
All 4 constituents have active litigation risks including pledged shares, delayed reports, and defamation suits.Named for 539469, 542727, NDTV, TVTODAYmedium“26.55% of promoter shares are pledged, creating potential downward pressure on stock price during market downturns if margin calls trigger forced selling.” NDTV must file response to High Court notice; Panorama confirmed it does not meet Large Corporate criteria.
2 constituents reported labor risks related to staffing models and Labour Codes implementation costs.Named for 542727, TVTODAYmedium“New labour codes resulted in an exceptional item loss of Rs 12.18 crore in Q3 FY26, turning a previous profit into a net loss for the quarter.” TVTN reported expense reversal following realignment of compensation structure.

Sources: our Entertainment & Media sector brief, 29 Jul 2026 · company earnings-call transcripts.

07 · compare level, then change

Revenue Scale & Growth Durability

Zee Entertainment Enterprises Ltd has the highest Revenue among the 22 Entertainment & Media companies compared here, at ₹8,181 crore. Sun TV Network Ltd is next at ₹4,503 crore. City Pulse Multiventures Ltd has the highest Revenue growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Zee Entertainment Enterprises Ltd is the scale leader at ₹8,181 crore, 81.7% ahead of Sun TV Network Ltd. City Pulse Multiventures Ltd's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 137.3% from a ₹8 crore base, with 10 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderZee Entertainment Enterprises Ltd · ₹8,181 crore
Gap81.7% versus #2 · Sun TV Network Ltd
Persistence3/8 recent comparable periods
Coverage21/22 companies · 300 observations

Investor read: Zee Entertainment Enterprises Ltd is the scale benchmark; City Pulse Multiventures Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Zee Entertainment Enterprises Ltd's growth falls below City Pulse Multiventures Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Zee Entertainment Enterprises Ltd ZEEL₹8.2K Cr
2Sun TV Network Ltd SUNTV₹4.5K Cr
3GTPL Hathway Ltd GTPL⚠ unverified₹3.8K Cr
4Hathway Cable & Datacom Ltd HATHWAY⚠ unverified₹2.2K Cr
5Network 18 Media & Investments Ltd NETWORK18₹2.2K Cr
Revenue growthfastest growers
1City Pulse Multiventures Ltd 542727100%
2Bright Outdoor Media Ltd 543831 · older report51%
3Nila Spaces Ltd NILASPACES31%
4Zee Media Corporation Ltd ZEEMEDIA22%
5Sun TV Network Ltd SUNTV13%
Revenue · company comparison
21/22 level · 19/22 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
Zee Entertainment Enterprises Ltd ZEEL₹1.9K Cr4.5%Jun 2026
Sun TV Network Ltd SUNTV₹1.5K Cr13%Jun 2026
GTPL Hathway Ltd GTPL⚠ unverified₹1.0K Cr12%Jun 2026
Hathway Cable & Datacom Ltd HATHWAY⚠ unverified₹565 Cr6.6%Jun 2026
Network 18 Media & Investments Ltd NETWORK18₹516 Cr10%Jun 2026
Amagi Media Labs Ltd AMAGI₹437 Cr32%Jun 2026
H T Media Ltd HTMEDIA₹437 Cr11%Jun 2026
Nazara Technologies Ltd 543280₹398 Cr-23%Mar 2026
Dish TV India Ltd DISHTV₹266 Cr-19%Jun 2026
Den Networks Ltd DEN⚠ unverified₹243 Cr0.8%Jun 2026
Balaji Telefilms Ltd BALAJITELE⚠ unverified₹240 Cr229%Jun 2026
T.V. Today Network Ltd TVTODAY⚠ unverified₹206 Cr4.0%Jun 2026
Hindustan Media Ventures Ltd HMVL⚠ unverified₹197 Cr19%Jun 2026
Zee Media Corporation Ltd ZEEMEDIA₹191 Cr5.0%Jun 2026
Panorama Studios International Ltd 539469₹183 Cr35%Jun 2026
New Delhi Television Ltd NDTV⚠ unverified₹117 Cr8.3%Jun 2026
Entertainment Network (India) Ltd ENIL₹114 Cr-2.8%Jun 2026
Basilic Fly Studio Ltd BASILIC₹113 Cr-16%Mar 2026
Bright Outdoor Media Ltd 543831₹63 Cr11%Sep 2025
Nila Spaces Ltd NILASPACES₹47 Cr14%Jun 2026
DAPS Advertising Ltd 543651₹10 Cr23%Sep 2025
City Pulse Multiventures Ltd 542727₹1 Cr-1.8%Jun 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Showing the 12 largest of 22 companies with a series here. The remaining 10 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Amagi Media Labs Ltd · AMAGI

—
—
—
—
—
—
—
—
—
—
—
—
—
₹330 Cr
₹309 Cr
₹330 Cr
₹375 Cr
₹404 Cr
₹397 Cr
₹437 Cr

Balaji Telefilms Ltd · BALAJITELE⚠ unverified

—
—
—
—
—
₹165 Cr
₹145 Cr
₹152 Cr
₹200 Cr
₹138 Cr
₹135 Cr
₹149 Cr
₹144 Cr
₹93 Cr
₹66 Cr
₹73 Cr
₹49 Cr
₹42 Cr
₹48 Cr
₹240 Cr

Bright Outdoor Media Ltd · 543831

—
—
₹36 Cr
—
₹45 Cr
—
₹47 Cr
—
₹41 Cr
—
₹65 Cr
—
₹57 Cr
—
₹70 Cr
—
₹63 Cr
—
—
—

Den Networks Ltd · DEN⚠ unverified

—
—
—
—
—
₹277 Cr
₹283 Cr
₹273 Cr
₹277 Cr
₹273 Cr
₹258 Cr
₹248 Cr
₹249 Cr
₹261 Cr
₹248 Cr
₹241 Cr
₹241 Cr
₹251 Cr
₹241 Cr
₹243 Cr

GTPL Hathway Ltd · GTPL⚠ unverified

—
—
—
—
—
₹686 Cr
₹692 Cr
₹774 Cr
₹779 Cr
₹851 Cr
₹808 Cr
₹843 Cr
₹856 Cr
₹887 Cr
₹891 Cr
₹904 Cr
₹959 Cr
₹933 Cr
₹924 Cr
₹1.0K Cr

Hathway Cable & Datacom Ltd · HATHWAY⚠ unverified

—
—
—
—
—
₹478 Cr
₹460 Cr
₹499 Cr
₹484 Cr
₹505 Cr
₹493 Cr
₹503 Cr
₹513 Cr
₹511 Cr
₹513 Cr
₹530 Cr
₹537 Cr
₹537 Cr
₹546 Cr
₹565 Cr

Nazara Technologies Ltd · 543280

—
—
—
—
—
₹6 Cr
₹289 Cr
₹254 Cr
₹297 Cr
₹320 Cr
₹266 Cr
₹250 Cr
₹319 Cr
₹535 Cr
₹520 Cr
₹499 Cr
₹526 Cr
₹406 Cr
₹398 Cr
—

Network 18 Media & Investments Ltd · NETWORK18

—
—
—
—
—
₹1.9K Cr
₹1.5K Cr
₹3.2K Cr
₹1.9K Cr
₹1.8K Cr
₹2.4K Cr
₹3.1K Cr
₹1.8K Cr
₹1.4K Cr
₹561 Cr
₹468 Cr
₹498 Cr
₹539 Cr
₹616 Cr
₹516 Cr

New Delhi Television Ltd · NDTV⚠ unverified

—
—
—
—
—
₹105 Cr
₹67 Cr
₹70 Cr
₹96 Cr
₹98 Cr
₹107 Cr
₹94 Cr
₹111 Cr
₹133 Cr
₹127 Cr
₹108 Cr
₹122 Cr
₹150 Cr
₹148 Cr
₹117 Cr

Panorama Studios International Ltd · 539469

—
—
—
—
—
₹196 Cr
₹59 Cr
₹71 Cr
₹52 Cr
₹33 Cr
₹283 Cr
₹36 Cr
₹82 Cr
₹34 Cr
₹213 Cr
₹136 Cr
₹78 Cr
₹29 Cr
₹65 Cr
₹183 Cr

Sun TV Network Ltd · SUNTV

₹849 Cr
₹1.1K Cr
₹859 Cr
₹1.2K Cr
₹826 Cr
₹887 Cr
₹840 Cr
₹1.3K Cr
₹1.0K Cr
₹923 Cr
₹961 Cr
₹1.3K Cr
₹936 Cr
₹829 Cr
₹942 Cr
₹1.3K Cr
₹1.3K Cr
₹862 Cr
₹883 Cr
₹1.5K Cr

Zee Entertainment Enterprises Ltd · ZEEL

₹2.0K Cr
₹2.1K Cr
—
₹1.8K Cr
₹2.0K Cr
₹2.1K Cr
₹2.1K Cr
₹2.0K Cr
₹2.4K Cr
₹2.0K Cr
₹2.2K Cr
₹2.1K Cr
₹2.0K Cr
₹2.0K Cr
₹2.2K Cr
₹1.8K Cr
₹2.0K Cr
₹2.3K Cr
₹2.0K Cr
₹1.9K Cr

Revenue growth · reported quarter history

Showing the 12 largest of 22 companies with a series here. The remaining 10 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Amagi Media Labs Ltd · AMAGI

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
22%
28%
32%

Balaji Telefilms Ltd · BALAJITELE⚠ unverified

—
—
—
—
—
—
—
—
—
-16%
-6.9%
-2.0%
-28%
-33%
-51%
-51%
-66%
-55%
-27%
229%

Bright Outdoor Media Ltd · 543831

—
—
—
—
—
—
31%
—
-8.9%
—
38%
—
39%
—
7.7%
—
11%
—
—
—

Den Networks Ltd · DEN⚠ unverified

—
—
—
—
—
—
—
—
—
-1.4%
-8.8%
-9.2%
-10%
-4.4%
-3.9%
-2.8%
-3.2%
-3.8%
-2.8%
0.8%

GTPL Hathway Ltd · GTPL⚠ unverified

—
—
—
—
—
—
—
—
—
24%
17%
8.9%
9.8%
4.3%
10%
7.2%
12%
5.1%
3.7%
12%

Hathway Cable & Datacom Ltd · HATHWAY⚠ unverified

—
—
—
—
—
—
—
—
—
5.7%
7.2%
0.8%
6.0%
1.2%
4.1%
5.4%
4.7%
5.1%
6.4%
6.6%

Nazara Technologies Ltd · 543280

—
—
—
—
—
—
—
—
—
5,436%
-8.0%
-1.6%
7.4%
67%
95%
100%
65%
-24%
-23%
—

Network 18 Media & Investments Ltd · NETWORK18

—
—
—
—
—
—
—
—
—
-4.1%
63%
-3.0%
-2.2%
-23%
-77%
-85%
-73%
-60%
9.8%
10%

New Delhi Television Ltd · NDTV⚠ unverified

—
—
—
—
—
—
—
—
—
-6.7%
60%
34%
16%
36%
19%
15%
9.9%
13%
17%
8.3%

Panorama Studios International Ltd · 539469

—
—
—
—
—
—
—
—
—
-83%
382%
-49%
58%
3.0%
-25%
278%
-4.9%
-15%
-69%
35%

Sun TV Network Ltd · SUNTV

—
—
—
49%
-2.7%
-16%
-2.2%
11%
27%
4.1%
14%
-2.6%
-11%
-10%
-2.0%
-1.8%
39%
4.0%
-6.3%
13%

Zee Entertainment Enterprises Ltd · ZEEL

—
—
—
4.0%
2.5%
-0.2%
—
7.5%
20%
-3.0%
2.8%
7.4%
-18%
-3.3%
0.7%
-14%
-1.6%
15%
-7.3%
4.5%
08 · compare level, then change

Operating Economics & Margin Trend

City Pulse Multiventures Ltd has the highest OPM among the 22 Entertainment & Media companies compared here, at 53.6%. Sun TV Network Ltd is next at 50%. Balaji Telefilms Ltd has the highest Margin change at +24 percentage points, so level and change sit with different companies. 22 of 22 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: City Pulse Multiventures Ltd leads opm at 53.6%; Balaji Telefilms Ltd leads margin change at +24 percentage points.

LeaderCity Pulse Multiventures Ltd · 53.6%
Gap7.2% versus #2 · Sun TV Network Ltd
Persistence5/8 recent comparable periods
Coverage22/22 companies · 384 observations

Investor read: City Pulse Multiventures Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1City Pulse Multiventures Ltd 54272754%
2Sun TV Network Ltd SUNTV50%
3Nila Spaces Ltd NILASPACES39%
4Bright Outdoor Media Ltd 543831 · older report23%
5Basilic Fly Studio Ltd BASILIC21%
Margin changefastest expanders
1Balaji Telefilms Ltd BALAJITELE⚠ unverified+24.0 pp
2H T Media Ltd HTMEDIA+9.9 pp
3Nila Spaces Ltd NILASPACES+9.1 pp
4Hindustan Media Ventures Ltd HMVL⚠ unverified+8.0 pp
5Amagi Media Labs Ltd AMAGI+7.4 pp
Operating margin · company comparison
22/22 level · 22/22 change
All-company data · latest reported quarter
CompanyOPMMargin changeReported
City Pulse Multiventures Ltd 54272754%−28.0 ppJun 2026
Sun TV Network Ltd SUNTV50%+2.0 ppJun 2026
Nila Spaces Ltd NILASPACES39%+9.1 ppJun 2026
Bright Outdoor Media Ltd 54383123%+1.0 ppSep 2025
Basilic Fly Studio Ltd BASILIC21%−3.0 ppMar 2026
Hindustan Media Ventures Ltd HMVL⚠ unverified14%+8.0 ppJun 2026
Hathway Cable & Datacom Ltd HATHWAY⚠ unverified13%−4.0 ppJun 2026
Panorama Studios International Ltd 53946911%+5.0 ppJun 2026
Nazara Technologies Ltd 54328011%+5.0 ppMar 2026
Balaji Telefilms Ltd BALAJITELE⚠ unverified11%+24.0 ppJun 2026
GTPL Hathway Ltd GTPL⚠ unverified10%−1.5 ppJun 2026
Zee Media Corporation Ltd ZEEMEDIA9.0%−2.0 ppJun 2026
T.V. Today Network Ltd TVTODAY⚠ unverified8.0%+5.9 ppJun 2026
Entertainment Network (India) Ltd ENIL7.9%+1.5 ppJun 2026
Amagi Media Labs Ltd AMAGI7.0%+7.4 ppJun 2026
H T Media Ltd HTMEDIA7.0%+9.9 ppJun 2026
DAPS Advertising Ltd 5436515.4%+0.7 ppSep 2025
Zee Entertainment Enterprises Ltd ZEEL5.0%−8.0 ppJun 2026
Den Networks Ltd DEN⚠ unverified4.7%−3.3 ppJun 2026
Network 18 Media & Investments Ltd NETWORK181.4%+0.5 ppJun 2026
Dish TV India Ltd DISHTV-41%−63.0 ppJun 2026
New Delhi Television Ltd NDTV⚠ unverified-58%−4.0 ppJun 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Showing the 12 largest of 22 companies with a series here. The remaining 10 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Amagi Media Labs Ltd · AMAGI

—
—
—
—
—
—
—
—
—
—
—
—
-15%
-0.3%
-4.3%
-0.4%
-0.9%
8.0%
6.0%
7.0%

Balaji Telefilms Ltd · BALAJITELE⚠ unverified

-50%
-28%
-26%
-17%
-9.1%
3.0%
8.0%
14%
9.0%
3.0%
1.7%
3.0%
8.0%
-12%
-29%
-13%
-14%
-76%
-36%
11%

Bright Outdoor Media Ltd · 543831

—
—
13%
—
15%
17%
11%
—
13%
27%
26%
—
22%
—
19%
—
23%
—
—
—

Den Networks Ltd · DEN⚠ unverified

14%
17%
18%
14%
13%
14%
12%
11%
15%
15%
16%
11%
11%
10%
11%
8.0%
7.0%
5.0%
6.0%
4.7%

GTPL Hathway Ltd · GTPL⚠ unverified

23%
22%
21%
19%
20%
16%
15%
15%
16%
14%
14%
13%
13%
12%
12%
12%
11%
12%
8.7%
10%

Hathway Cable & Datacom Ltd · HATHWAY⚠ unverified

20%
22%
21%
19%
18%
17%
13%
16%
17%
16%
16%
16%
17%
16%
18%
17%
15%
14%
13%
13%

Nazara Technologies Ltd · 543280

15%
16%
7.4%
13%
5.2%
-65%
9.0%
13%
9.0%
11%
0.6%
10%
8.0%
7.0%
6.0%
4.7%
-31%
17%
11%
—

Network 18 Media & Investments Ltd · NETWORK18

18%
23%
16%
3.5%
2.1%
0.1%
4.0%
-2.6%
-12%
-10%
-8.0%
-4.7%
-10%
-1.6%
3.4%
0.9%
-0.1%
1.8%
4.9%
1.4%

New Delhi Television Ltd · NDTV⚠ unverified

16%
33%
28%
28%
18%
21%
-22%
-14%
4.9%
-9.0%
-15%
-48%
-39%
-31%
-38%
-54%
-47%
-41%
-58%
-58%

Panorama Studios International Ltd · 539469

-55%
4.5%
-55%
-14%
5.3%
23%
15%
6.0%
21%
14%
14%
11%
9.0%
12%
21%
6.0%
3.2%
5.0%
20%
11%

Sun TV Network Ltd · SUNTV

62%
69%
66%
63%
65%
66%
59%
59%
69%
64%
54%
55%
58%
54%
44%
48%
58%
49%
44%
50%

Zee Entertainment Enterprises Ltd · ZEEL

20%
22%
23%
15%
16%
18%
7.0%
8.0%
14%
10%
10%
13%
16%
16%
14%
13%
8.0%
11%
-13%
5.0%

Margin change · reported quarter history

Showing the 12 largest of 22 companies with a series here. The remaining 10 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Amagi Media Labs Ltd · AMAGI

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
+13.7 pp
+8.3 pp
+10.3 pp
+7.4 pp

Balaji Telefilms Ltd · BALAJITELE⚠ unverified

−34.4 pp
−5.3 pp
+28.8 pp
+29.7 pp
+41.2 pp
+31.0 pp
+34.4 pp
+31.1 pp
+18.1 pp
0.0 pp
−6.3 pp
−11.0 pp
−1.0 pp
−15.0 pp
−30.7 pp
−16.0 pp
−22.0 pp
−64.0 pp
−7.0 pp
+24.0 pp

Bright Outdoor Media Ltd · 543831

—
—
—
—
—
—
−2.0 pp
—
−2.0 pp
+9.6 pp
+15.0 pp
—
+9.0 pp
—
−7.0 pp
—
+1.0 pp
—
—
—

Den Networks Ltd · DEN⚠ unverified

−3.8 pp
−1.7 pp
−1.7 pp
−1.3 pp
−0.4 pp
−3.1 pp
−6.1 pp
−3.4 pp
+1.9 pp
+1.0 pp
+4.0 pp
0.0 pp
−4.0 pp
−5.0 pp
−5.0 pp
−3.0 pp
−4.0 pp
−5.0 pp
−5.0 pp
−3.3 pp

GTPL Hathway Ltd · GTPL⚠ unverified

+0.2 pp
+0.5 pp
+5.4 pp
−2.3 pp
−2.6 pp
−6.3 pp
−6.0 pp
−3.7 pp
−4.1 pp
−1.8 pp
−1.1 pp
−2.0 pp
−3.4 pp
−2.3 pp
−2.1 pp
−1.6 pp
−1.7 pp
+0.3 pp
−3.1 pp
−1.5 pp

Hathway Cable & Datacom Ltd · HATHWAY⚠ unverified

−8.0 pp
−5.4 pp
−5.2 pp
−5.4 pp
−2.0 pp
−5.4 pp
−7.6 pp
−3.5 pp
−0.9 pp
−1.0 pp
+3.0 pp
0.0 pp
0.0 pp
0.0 pp
+2.0 pp
+1.0 pp
−2.0 pp
−2.0 pp
−5.0 pp
−4.0 pp

Nazara Technologies Ltd · 543280

−2.4 pp
−3.7 pp
+0.2 pp
−5.4 pp
−9.3 pp
−80.4 pp
+1.6 pp
−0.5 pp
+3.8 pp
+75.7 pp
−8.4 pp
−3.0 pp
−1.0 pp
−4.0 pp
+5.4 pp
−5.3 pp
−39.0 pp
+10.0 pp
+5.0 pp
—

Network 18 Media & Investments Ltd · NETWORK18

+3.2 pp
+0.1 pp
−2.7 pp
−11.6 pp
−16.1 pp
−22.4 pp
−12.4 pp
−6.1 pp
−14.1 pp
−10.1 pp
−12.0 pp
−2.1 pp
+2.0 pp
+8.4 pp
+11.4 pp
+5.6 pp
+9.9 pp
+3.4 pp
+1.5 pp
+0.5 pp

New Delhi Television Ltd · NDTV⚠ unverified

−13.3 pp
+4.3 pp
+29.7 pp
+9.0 pp
+2.3 pp
−12.2 pp
−50.1 pp
−41.7 pp
−13.4 pp
−30.0 pp
+7.0 pp
−34.0 pp
−43.9 pp
−22.0 pp
−23.0 pp
−6.0 pp
−8.0 pp
−10.0 pp
−20.0 pp
−4.0 pp

Panorama Studios International Ltd · 539469

−89.9 pp
+29.7 pp
−34.6 pp
+39.8 pp
+60.4 pp
+18.2 pp
+69.9 pp
+20.1 pp
+15.7 pp
−8.7 pp
−1.0 pp
+5.0 pp
−12.0 pp
−2.0 pp
+7.0 pp
−5.0 pp
−5.8 pp
−7.0 pp
−1.0 pp
+5.0 pp

Sun TV Network Ltd · SUNTV

−2.4 pp
+8.2 pp
−2.8 pp
+8.6 pp
+3.1 pp
−3.3 pp
−6.8 pp
−4.1 pp
+4.0 pp
−2.0 pp
−5.0 pp
−4.0 pp
−11.0 pp
−10.0 pp
−10.0 pp
−7.0 pp
0.0 pp
−5.0 pp
0.0 pp
+2.0 pp

Zee Entertainment Enterprises Ltd · ZEEL

+3.4 pp
−0.7 pp
−5.9 pp
−4.3 pp
−4.8 pp
−4.4 pp
−15.6 pp
−6.6 pp
−1.6 pp
−8.0 pp
+3.0 pp
+5.0 pp
+2.0 pp
+6.0 pp
+4.0 pp
0.0 pp
−8.0 pp
−5.0 pp
−27.0 pp
−8.0 pp
09 · compare level, then change

Profit Scale & Acceleration

Sun TV Network Ltd has the highest Net profit among the 22 Entertainment & Media companies compared here, at ₹1,530 crore. Zee Entertainment Enterprises Ltd is next at ₹201 crore. City Pulse Multiventures Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Sun TV Network Ltd leads with ₹1,530 crore of TTM profit, 661.2% above Zee Entertainment Enterprises Ltd. City Pulse Multiventures Ltd shows ≥100% on the scoring scale (125.2% uncapped) growth from a ₹4 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderSun TV Network Ltd · ₹1,530 crore
Gap661.2% versus #2 · Zee Entertainment Enterprises Ltd
Persistence1/8 recent comparable periods
Coverage21/22 companies · 300 observations

Investor read: Sun TV Network Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Sun TV Network Ltd SUNTV₹1.5K Cr
2Zee Entertainment Enterprises Ltd ZEEL₹201 Cr
3Den Networks Ltd DEN⚠ unverified₹146 Cr
4Amagi Media Labs Ltd AMAGI₹102 Cr
5Hindustan Media Ventures Ltd HMVL⚠ unverified₹89 Cr
Profit growthfastest growers
1City Pulse Multiventures Ltd 542727100%
2Bright Outdoor Media Ltd 543831 · older report100%
3Network 18 Media & Investments Ltd NETWORK1898%
4Nila Spaces Ltd NILASPACES76%
5Nazara Technologies Ltd 54328041%
Net profit · company comparison
21/22 level · 13/22 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
Sun TV Network Ltd SUNTV₹619 Cr17%Jun 2026
Zee Entertainment Enterprises Ltd ZEEL₹74 Cr-49%Jun 2026
Nazara Technologies Ltd 543280₹56 Cr1,300%Mar 2026
Hindustan Media Ventures Ltd HMVL⚠ unverified₹51 Cr410%Jun 2026
H T Media Ltd HTMEDIA₹44 Cr-120%Jun 2026
Den Networks Ltd DEN⚠ unverified₹35 Cr-35%Jun 2026
Amagi Media Labs Ltd AMAGI₹34 Cr750%Jun 2026
Hathway Cable & Datacom Ltd HATHWAY⚠ unverified₹25 Cr-19%Jun 2026
Balaji Telefilms Ltd BALAJITELE⚠ unverified₹22 Cr-115%Jun 2026
Basilic Fly Studio Ltd BASILIC₹15 Cr-25%Mar 2026
Panorama Studios International Ltd 539469₹13 Cr225%Jun 2026
Bright Outdoor Media Ltd 543831₹10 Cr11%Sep 2025
T.V. Today Network Ltd TVTODAY⚠ unverified₹10 Cr43%Jun 2026
Nila Spaces Ltd NILASPACES₹9 Cr47%Jun 2026
GTPL Hathway Ltd GTPL⚠ unverified₹1 Cr-81%Jun 2026
DAPS Advertising Ltd 543651₹0 Cr13%Sep 2025
City Pulse Multiventures Ltd 542727₹0 Cr-38%Jun 2026
Entertainment Network (India) Ltd ENIL₹-6 Cr-32%Jun 2026
Zee Media Corporation Ltd ZEEMEDIA₹-12 Cr—Jun 2026
Network 18 Media & Investments Ltd NETWORK18₹-38 Cr-126%Jun 2026
New Delhi Television Ltd NDTV⚠ unverified₹-82 Cr-983%Jun 2026
Dish TV India Ltd DISHTV₹-286 Cr-840%Jun 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Showing the 12 largest of 22 companies with a series here. The remaining 10 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Amagi Media Labs Ltd · AMAGI

—
—
—
—
—
—
—
—
—
—
—
—
—
₹8 Cr
₹-11 Cr
₹4 Cr
₹3 Cr
₹31 Cr
₹34 Cr
₹34 Cr

Balaji Telefilms Ltd · BALAJITELE⚠ unverified

—
—
—
—
—
₹-3 Cr
₹8 Cr
₹11 Cr
₹12 Cr
₹0 Cr
₹-3 Cr
₹-2 Cr
₹5 Cr
₹-12 Cr
₹94 Cr
₹-6 Cr
₹-5 Cr
₹-25 Cr
₹-14 Cr
₹22 Cr

Bright Outdoor Media Ltd · 543831

—
—
₹2 Cr
—
₹4 Cr
—
₹3 Cr
—
₹4 Cr
—
₹12 Cr
—
₹9 Cr
—
₹10 Cr
—
₹10 Cr
—
—
—

Den Networks Ltd · DEN⚠ unverified

—
—
—
—
—
₹49 Cr
₹126 Cr
₹42 Cr
₹46 Cr
₹48 Cr
₹77 Cr
₹43 Cr
₹52 Cr
₹42 Cr
₹60 Cr
₹54 Cr
₹35 Cr
₹40 Cr
₹36 Cr
₹35 Cr

GTPL Hathway Ltd · GTPL⚠ unverified

—
—
—
—
—
₹40 Cr
₹-11 Cr
₹35 Cr
₹36 Cr
₹25 Cr
₹16 Cr
₹15 Cr
₹14 Cr
₹10 Cr
₹11 Cr
₹7 Cr
₹7 Cr
₹12 Cr
₹-14 Cr
₹1 Cr

Hathway Cable & Datacom Ltd · HATHWAY⚠ unverified

—
—
—
—
—
₹29 Cr
₹-15 Cr
₹22 Cr
₹20 Cr
₹22 Cr
₹35 Cr
₹18 Cr
₹26 Cr
₹14 Cr
₹35 Cr
₹31 Cr
₹18 Cr
₹22 Cr
₹11 Cr
₹25 Cr

Nazara Technologies Ltd · 543280

—
—
—
—
—
₹2 Cr
₹9 Cr
₹21 Cr
₹24 Cr
₹30 Cr
₹0 Cr
₹24 Cr
₹16 Cr
₹14 Cr
₹4 Cr
₹51 Cr
₹-34 Cr
₹9 Cr
₹56 Cr
—

Network 18 Media & Investments Ltd · NETWORK18

—
—
—
—
—
₹9 Cr
₹-35 Cr
₹29 Cr
₹-119 Cr
₹-102 Cr
₹-196 Cr
₹-195 Cr
₹-152 Cr
₹-1.4K Cr
₹-29 Cr
₹149 Cr
₹41 Cr
₹-5 Cr
₹-30 Cr
₹-38 Cr

New Delhi Television Ltd · NDTV⚠ unverified

—
—
—
—
—
₹15 Cr
₹-1 Cr
₹-8 Cr
₹6 Cr
₹-10 Cr
₹-9 Cr
₹-47 Cr
₹-53 Cr
₹-55 Cr
₹-62 Cr
₹-70 Cr
₹-74 Cr
₹-80 Cr
₹-99 Cr
₹-82 Cr

Panorama Studios International Ltd · 539469

—
—
—
—
—
₹33 Cr
₹4 Cr
₹2 Cr
₹6 Cr
₹2 Cr
₹28 Cr
₹2 Cr
₹5 Cr
₹1 Cr
₹31 Cr
₹4 Cr
₹1 Cr
₹-2 Cr
₹7 Cr
₹13 Cr

Sun TV Network Ltd · SUNTV

₹395 Cr
₹471 Cr
₹410 Cr
₹494 Cr
₹407 Cr
₹425 Cr
₹380 Cr
₹592 Cr
₹465 Cr
₹454 Cr
₹415 Cr
₹560 Cr
₹409 Cr
₹364 Cr
₹371 Cr
₹529 Cr
₹355 Cr
₹324 Cr
₹232 Cr
₹619 Cr

Zee Entertainment Enterprises Ltd · ZEEL

₹266 Cr
₹299 Cr
—
₹107 Cr
₹113 Cr
₹24 Cr
₹-196 Cr
₹-53 Cr
₹123 Cr
₹58 Cr
₹13 Cr
₹118 Cr
₹209 Cr
₹164 Cr
₹188 Cr
₹144 Cr
₹76 Cr
₹155 Cr
₹-104 Cr
₹74 Cr

Profit growth · reported quarter history

Showing the 12 largest of 21 companies with a series here. The remaining 9 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Amagi Media Labs Ltd · AMAGI

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
288%
—
750%

Balaji Telefilms Ltd · BALAJITELE⚠ unverified

—
—
—
—
—
—
—
—
—
—
-138%
-118%
-58%
—
—
—
-200%
—
-115%
—

Bright Outdoor Media Ltd · 543831

—
—
—
—
—
—
50%
—
0.0%
—
300%
—
125%
—
-17%
—
11%
—
—
—

Den Networks Ltd · DEN⚠ unverified

—
—
—
—
—
—
—
—
—
-2.0%
-39%
2.4%
13%
-13%
-22%
26%
-33%
-4.8%
-40%
-35%

GTPL Hathway Ltd · GTPL⚠ unverified

—
—
—
—
—
—
—
—
—
-38%
—
-57%
-62%
-61%
-33%
-51%
-46%
20%
-229%
-81%

Hathway Cable & Datacom Ltd · HATHWAY⚠ unverified

—
—
—
—
—
—
—
—
—
-24%
—
-18%
30%
-36%
0.0%
72%
-31%
57%
-69%
-19%

Nazara Technologies Ltd · 543280

—
—
—
—
—
—
—
—
—
1,251%
-100%
14%
-33%
-53%
—
113%
-313%
-36%
1,300%
—

Network 18 Media & Investments Ltd · NETWORK18

—
—
—
—
—
—
—
—
—
-1,256%
—
-772%
—
—
—
—
—
—
—
-126%

New Delhi Television Ltd · NDTV⚠ unverified

—
—
—
—
—
—
—
—
—
-167%
—
—
-983%
—
—
—
—
—
—
—

Panorama Studios International Ltd · 539469

—
—
—
—
—
—
—
—
—
-94%
657%
0.0%
-17%
-50%
11%
100%
-80%
-300%
-77%
225%

Sun TV Network Ltd · SUNTV

—
—
—
35%
3.0%
-9.8%
-7.3%
20%
14%
6.8%
9.2%
-5.4%
-12%
-20%
-11%
-5.5%
-13%
-11%
-37%
17%

Zee Entertainment Enterprises Ltd · ZEEL

—
—
—
-49%
-58%
-92%
—
-150%
8.9%
142%
—
—
70%
183%
1,346%
22%
-64%
-5.5%
-155%
-49%
10 · compare level, then change

Return On Capital Employed

Dish TV India Ltd has the highest ROCE among the 22 Entertainment & Media companies compared here, at 70%. Nila Spaces Ltd is next at 30.5%. The same company also holds the highest ROCE change, at +44 percentage points. 22 of 22 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Dish TV India Ltd leads ROCE at 70%, 39.5 percentage points above Nila Spaces Ltd. Dish TV India Ltd has the strongest latest improvement at +44 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderDish TV India Ltd · 70%
Gap129.5% versus #2 · Nila Spaces Ltd
PersistenceNot enough history
Coverage22/22 companies · 139 observations

Investor read: Dish TV India Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Dish TV India Ltd DISHTV70%
2Nila Spaces Ltd NILASPACES31%
3Nazara Technologies Ltd 54328027%
4Basilic Fly Studio Ltd BASILIC22%
5Sun TV Network Ltd SUNTV16%
ROCE changefastest improvers
1Dish TV India Ltd DISHTV+44.0 pp
2Zee Media Corporation Ltd ZEEMEDIA+32.0 pp
3Nazara Technologies Ltd 543280+25.0 pp
4Amagi Media Labs Ltd AMAGI+17.0 pp
5Nila Spaces Ltd NILASPACES+7.0 pp
Return on capital · company comparison
22/22 level · 22/22 change

Withheld from this chart: Amagi Media Labs Ltd (AMAGI) — its two data sources disagree by up to 6.6% on reported income across 6 comparable periods, so its derived ratios are withheld; Network 18 Media & Investments Ltd (NETWORK18) — its two data sources disagree by up to 232% on reported income across 15 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter
CompanyROCEROCE changeReported
Sun TV Network Ltd SUNTV12%−2.2 ppJun 2026
Den Networks Ltd DEN⚠ unverified5.0%−2.2 ppJun 2026
GTPL Hathway Ltd GTPL⚠ unverified3.0%−2.7 ppJun 2026
Hathway Cable & Datacom Ltd HATHWAY⚠ unverified2.3%−0.9 ppJun 2026
Hindustan Media Ventures Ltd HMVL⚠ unverified1.7%+5.0 ppJun 2026
Zee Entertainment Enterprises Ltd ZEEL1.1%−6.6 ppJun 2026
T.V. Today Network Ltd TVTODAY⚠ unverified-0.2%−6.5 ppJun 2026
Balaji Telefilms Ltd BALAJITELE⚠ unverified-12%−8.5 ppJun 2026
New Delhi Television Ltd NDTV⚠ unverified-78%−24.7 ppJun 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Balaji Telefilms Ltd · BALAJITELE⚠ unverified

-30%
—
-31%
—
-25%
—
-7.1%
—
11%
15%
8.8%
6.7%
3.3%
1.2%
-3.1%
-3.5%
-8.1%
-10%
-12%
—

Den Networks Ltd · DEN⚠ unverified

0.8%
—
2.1%
—
2.0%
—
1.5%
—
1.5%
6.4%
1.2%
7.2%
0.8%
7.2%
0.3%
7.2%
0.0%
6.2%
-0.6%
5.0%

GTPL Hathway Ltd · GTPL⚠ unverified

30%
—
25%
—
22%
—
12%
—
9.3%
10%
10%
11%
5.7%
7.2%
4.3%
5.7%
3.6%
5.6%
1.7%
3.0%

Hathway Cable & Datacom Ltd · HATHWAY⚠ unverified

4.1%
—
2.6%
—
1.9%
—
0.9%
—
0.5%
2.0%
1.2%
3.2%
1.9%
3.0%
1.5%
3.2%
1.5%
3.1%
0.3%
2.3%

Hindustan Media Ventures Ltd · HMVL⚠ unverified

-0.8%
—
-0.7%
—
-2.7%
—
-7.2%
—
-5.6%
1.0%
-6.3%
-0.3%
-5.7%
2.9%
-3.3%
6.4%
-2.3%
5.2%
1.7%
—

New Delhi Television Ltd · NDTV⚠ unverified

20%
—
30%
—
32%
—
12%
—
-2.8%
-4.1%
-9.4%
-14%
-31%
-40%
-52%
-53%
-173%
-93%
-76%
-78%

Sun TV Network Ltd · SUNTV

26%
—
25%
—
24%
—
21%
—
21%
27%
20%
26%
16%
21%
14%
20%
13%
18%
12%
—

T.V. Today Network Ltd · TVTODAY⚠ unverified

19%
—
17%
—
14%
—
11%
—
5.3%
7.0%
9.5%
16%
10%
13%
6.3%
5.1%
-0.7%
2.4%
-0.2%
—

Zee Entertainment Enterprises Ltd · ZEEL

23%
—
—
—
7.1%
5.5%
—
4.9%
5.2%
1.3%
6.5%
7.5%
7.2%
7.0%
7.7%
8.4%
6.1%
6.9%
1.1%
—

ROCE change · reported quarter history

Balaji Telefilms Ltd · BALAJITELE⚠ unverified

—
—
—
—
+5.1 pp
—
+23.4 pp
—
+36.3 pp
—
+15.9 pp
—
−7.9 pp
−13.5 pp
−11.9 pp
−10.2 pp
−11.4 pp
−11.6 pp
−8.5 pp
—

Den Networks Ltd · DEN⚠ unverified

—
—
—
—
+1.2 pp
—
−0.6 pp
—
−0.5 pp
—
−0.3 pp
—
−0.7 pp
+0.8 pp
−0.9 pp
0.0 pp
−0.8 pp
−1.0 pp
−0.9 pp
−2.2 pp

GTPL Hathway Ltd · GTPL⚠ unverified

—
—
—
—
−8.0 pp
—
−13.0 pp
—
−12.4 pp
—
−1.7 pp
—
−3.6 pp
−2.8 pp
−5.8 pp
−4.9 pp
−2.1 pp
−1.6 pp
−2.6 pp
−2.7 pp

Hathway Cable & Datacom Ltd · HATHWAY⚠ unverified

—
—
—
—
−2.2 pp
—
−1.7 pp
—
−1.4 pp
—
+0.3 pp
—
+1.4 pp
+1.0 pp
+0.3 pp
0.0 pp
−0.4 pp
+0.1 pp
−1.2 pp
−0.9 pp

Hindustan Media Ventures Ltd · HMVL⚠ unverified

—
—
—
—
−1.9 pp
—
−6.5 pp
—
−2.9 pp
—
+0.9 pp
—
−0.1 pp
+1.9 pp
+3.0 pp
+6.7 pp
+3.4 pp
+2.3 pp
+5.0 pp
—

New Delhi Television Ltd · NDTV⚠ unverified

—
—
—
—
+11.7 pp
—
−17.1 pp
—
−34.8 pp
—
−21.8 pp
—
−28.2 pp
−36.2 pp
−42.3 pp
−38.7 pp
−142.4 pp
−52.7 pp
−24.5 pp
−24.7 pp

Sun TV Network Ltd · SUNTV

—
—
—
—
−2.1 pp
—
−4.0 pp
—
−2.7 pp
—
−0.4 pp
—
−4.6 pp
−5.6 pp
−6.2 pp
−6.1 pp
−3.6 pp
−3.8 pp
−2.2 pp
—

T.V. Today Network Ltd · TVTODAY⚠ unverified

—
—
—
—
−5.0 pp
—
−6.6 pp
—
−8.4 pp
—
−1.3 pp
—
+4.7 pp
+6.2 pp
−3.2 pp
−11.0 pp
−10.7 pp
−10.8 pp
−6.5 pp
—

Zee Entertainment Enterprises Ltd · ZEEL

—
—
—
—
−15.4 pp
—
—
—
−1.9 pp
−4.2 pp
—
+2.6 pp
+2.0 pp
+5.7 pp
+1.2 pp
+0.9 pp
−1.1 pp
−0.1 pp
−6.6 pp
—
11 · compare level, then change

Valuation Against Growth & Quality

Zee Entertainment Enterprises Ltd has the lowest PEG among the 22 Entertainment & Media companies compared here, at 0.28×. Sun TV Network Ltd is next at 1.37×. Hindustan Media Ventures Ltd has the lowest P/E at 3.32×, so level and change sit with different companies. 2 of 22 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Zee Entertainment Enterprises Ltd has the lowest comparable PEG at 0.28×, 79.6% below Sun TV Network Ltd. Only 2 of 22 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderZee Entertainment Enterprises Ltd · 0.28×
Gap79.6% versus #2 · Sun TV Network Ltd
Persistence0/8 recent comparable periods
Coverage2/22 companies · 13 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.
PEGlowest PEG
1Zee Entertainment Enterprises Ltd ZEEL0.3
2Sun TV Network Ltd SUNTV1.4
P/Elowest P/E
1Hindustan Media Ventures Ltd HMVL⚠ unverified3.3
2H T Media Ltd HTMEDIA4.6
3Den Networks Ltd DEN⚠ unverified8.5
4DAPS Advertising Ltd 543651 · older report8.5
5Basilic Fly Studio Ltd BASILIC9.5
Valuation · company comparison
2/22 level · 18/22 change
All-company data · latest reported quarter
CompanyPEGP/EReported
Sun TV Network Ltd SUNTV1.413.6Jun 2026
Zee Entertainment Enterprises Ltd ZEEL0.338.4Jun 2026
Panorama Studios International Ltd 539469—77.8Jun 2026
City Pulse Multiventures Ltd 542727—1,574.5Jun 2026
Nazara Technologies Ltd 543280—74.2Mar 2026
DAPS Advertising Ltd 543651—9.1Sep 2025
Bright Outdoor Media Ltd 543831—38.4Sep 2025
Amagi Media Labs Ltd AMAGI—110.6Jun 2026
Network 18 Media & Investments Ltd NETWORK18—141.9Jun 2026
Hathway Cable & Datacom Ltd HATHWAY⚠ unverified—25.0Jun 2026
Den Networks Ltd DEN⚠ unverified—9.0Jun 2026
Balaji Telefilms Ltd BALAJITELE⚠ unverified—18.6Jun 2026
New Delhi Television Ltd NDTV⚠ unverified—51.2Jun 2026
GTPL Hathway Ltd GTPL⚠ unverified—42.4Jun 2026
T.V. Today Network Ltd TVTODAY⚠ unverified—30.3Jun 2026
H T Media Ltd HTMEDIA—5.7Jun 2026
Hindustan Media Ventures Ltd HMVL⚠ unverified—4.8Jun 2026
Zee Media Corporation Ltd ZEEMEDIA—74.8Jun 2026
Entertainment Network (India) Ltd ENIL—264.5Jun 2026
Basilic Fly Studio Ltd BASILIC—8.0Mar 2026
Dish TV India Ltd DISHTV—15.0Jun 2026
Nila Spaces Ltd NILASPACES—17.6Jun 2026
Full 20-quarter history · every available company

PEG · reported quarter history

Sun TV Network Ltd · SUNTV

0.4
0.3
0.3
0.3
1.3
—
—
0.5
—
2.2
1.4
—
—
—
—
—
—
—
—
—

Zee Entertainment Enterprises Ltd · ZEEL

—
—
—
0.8
—
—
—
—
9.9
—
—
—
1.0
0.8
—
—
—
0.3
—
—

P/E · reported quarter history

Showing the 12 largest of 22 companies with a series here. The remaining 10 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Amagi Media Labs Ltd · AMAGI

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
858.3
110.6

Balaji Telefilms Ltd · BALAJITELE⚠ unverified

—
—
—
—
—
—
-10.1
-185.6
22.5
26.9
25.5
35.8
76.1
71.5
8.3
—
19.6
19.2
15.4
18.6

Bright Outdoor Media Ltd · 543831

—
—
—
—
—
—
59.4
—
92.3
97.1
91.2
—
48.2
—
33.0
—
38.4
—
—
—

Den Networks Ltd · DEN⚠ unverified

12.6
10.9
11.2
8.9
10.5
10.7
8.0
6.7
8.8
10.1
8.3
11.8
11.6
8.8
6.8
8.9
7.7
7.9
6.1
9.0

GTPL Hathway Ltd · GTPL⚠ unverified

12.9
14.8
9.9
7.6
8.4
8.0
6.1
10.4
16.8
20.9
21.0
18.5
22.0
24.2
24.2
28.2
28.0
27.4
15.4
42.4

Hathway Cable & Datacom Ltd · HATHWAY⚠ unverified

17.7
18.1
16.7
19.3
22.8
23.4
19.6
37.7
50.0
62.4
65.3
38.9
38.0
27.3
24.5
30.2
23.6
22.5
15.5
25.0

Nazara Technologies Ltd · 543280

—
234.5
176.5
138.4
121.9
112.5
85.0
116.1
112.3
98.2
69.4
69.4
78.3
80.0
73.1
114.2
78.4
74.2
—
—

Network 18 Media & Investments Ltd · NETWORK18

52.0
62.0
48.4
32.4
34.7
58.0
387.5
394.3
—
—
—
—
—
—
—
—
—
732.3
130.6
141.9

New Delhi Television Ltd · NDTV⚠ unverified

10.8
13.9
27.6
19.3
38.4
35.5
23.7
50.6
51.2
—
—
—
—
—
—
—
—
—
—
—

Panorama Studios International Ltd · 539469

14.5
16.9
—
159.0
209.7
—
6.0
8.8
7.0
9.4
62.9
31.0
43.5
35.3
34.2
31.1
26.0
25.2
24.4
77.8

Sun TV Network Ltd · SUNTV

12.3
11.6
10.7
10.0
11.3
10.8
9.4
10.1
13.4
15.1
12.5
15.4
17.4
14.7
14.7
13.5
12.0
13.6
14.2
13.6

Zee Entertainment Enterprises Ltd · ZEEL

29.1
25.9
25.8
19.6
24.4
25.5
27.0
44.9
84.2
84.5
61.0
44.1
32.3
28.0
15.9
18.1
14.1
13.7
12.4
38.4
12 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Entertainment & Media comparison names 8 specific ways its own evidence can mislead, all listed below. 2 of the 22 companies report on an older date than the sector's freshest reporters, so their ranks are marked stale. 7 draw at least one figure from a second feed with too little overlap to cross-check.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • 2 companies have older fundamental reporting dates than the sector’s freshest reporters; their ranks carry a stale marker.
  • 7 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
  • 2 companies are missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
  • Thin comparisons: Valuation have fewer than three usable current readings.
13 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 22 Entertainment & Media companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-09-25. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-09-25 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing2 cross-checked · 18 unverified · 2 withheld, of 22 graded companies.
How a second data feed is admitted, and what happens when it disagrees

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.

14 · questions investors ask, short speakable answers

Entertainment & Media company comparison FAQs

These 24 answers restate the Entertainment & Media comparison above in question form. Every one is computed from the same 22 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-09-25. Nothing here is estimated, and none of it is a recommendation.

Is the Entertainment & Media sector outperforming NIFTY 500?

Entertainment & Media has underperformed NIFTY 500 by 27.7% over 52 weeks and 19.8% over 13 weeks. 4 of 21 covered companies beat NIFTY on Mansfield relative strength, while 11 of 20 beat the sector itself.

Which Entertainment & Media company is largest by revenue?

Zee Entertainment Enterprises Ltd leads with revenue of ₹8,181 crore, based on 21 of 22 comparable companies through Jun 2026.

Which Entertainment & Media company is growing fastest?

City Pulse Multiventures Ltd has the fastest current revenue growth at 100%, across 19 of 22 comparable companies.

Which Entertainment & Media company has the strongest 4-Factor Sector Score?

Nila Spaces Ltd ranks first at 71.7/100 with 81% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Entertainment & Media company has the lowest comparable PEG?

Zee Entertainment Enterprises Ltd has the lowest comparable PEG at 0.28, among 2 of 22 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Entertainment & Media comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Is there a Nifty Entertainment & Media index?

NSE India maintains Nifty indices for several broad sector categories — Nifty Bank, Nifty IT, Nifty Pharma and others — but not for every sub-sector grouping on this site. Whether or not an official Nifty index covers Entertainment & Media, this page builds its own equal-weight basket of 22 listed Entertainment & Media companies — one company, one vote, regardless of market value — so no single large company dominates the reading. Figures are as of Jun 2026.

Which are the best Entertainment & Media stocks in India?

Ranked by this page's four-factor score, Nila Spaces Ltd places first among 22 listed Entertainment & Media companies, followed by Nazara Technologies Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Entertainment & Media stocks are listed in India?

This comparison covers 22 listed Entertainment & Media companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

Which Entertainment & Media company is the biggest?

Zee Entertainment Enterprises Ltd is the largest, with trailing-twelve-month revenue of ₹8,181 crore, ahead of Sun TV Network Ltd at ₹4,503 crore. That covers 21 of 22 companies with comparable reporting through Jun 2026.

Which Entertainment & Media company has the best profit margins?

City Pulse Multiventures Ltd has the highest operating margin at 53.6%, from 22 of 22 comparable companies. Balaji Telefilms Ltd shows the biggest recent improvement, at +24 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Entertainment & Media company makes the most profit?

Sun TV Network Ltd earns the most, at ₹1,530 crore of trailing-twelve-month net profit, from 21 of 22 comparable companies. City Pulse Multiventures Ltd has the fastest profit growth at the ≥100% scoring cap, though growth off a small or recovering profit base overstates how much has actually changed.

Which Entertainment & Media company earns the highest return on capital?

Dish TV India Ltd leads on return on capital employed at 70%, across 22 of 22 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Entertainment & Media stock is the cheapest?

On PEG — where a LOWER number is cheaper — Zee Entertainment Enterprises Ltd screens cheapest at 0.28×. Only 2 of 22 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Is the Entertainment & Media sector beating the market?

Entertainment & Media has underperformed NIFTY 500 by 27.7% over the last 52 weeks and 19.8% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 4 of 21 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Entertainment & Media stock has the strongest price momentum?

Bright Outdoor Media Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Entertainment & Media company scores highest for research priority?

Nila Spaces Ltd scores 71.7 out of 100 with 81% evidence confidence, from 29 points on growth and earnings, 19.7 on capital efficiency, 11.7 on valuation and 11.3 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Entertainment & Media companies does this comparison cover, and over what period?

It compares 22 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Entertainment & Media sector?

The 22 Entertainment & Media companies on this page carry ₹67,526 crore of combined market value. Sun TV Network Ltd is the largest at ₹20,224 crore, about 30% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-09-28.

What is the Entertainment & Media sector's P/E ratio?

The median price-to-earnings ratio across the 22 Entertainment & Media companies on this page is 23.2×, measured on the 18 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-09-28.

How is the Entertainment & Media sector performing?

4 of the 21 covered Entertainment & Media companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 27.7% behind NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-09-28.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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