Industry Consolidation Virtual Monopoly
Expected: OngoingHIGH confidence
What: Market Leadership: 33 channels
Impact: Regional dominance
Sun TV Network Ltd: Why Is It Outperforming Nifty 500?
ActiveAverage12w Streak
In , Sun TV Network Ltd (Entertainment & Media) is outperforming Nifty 500 with +8.2% relative strength. Fundamentals: Average. On a 12-week streak.
Sun TV Network Ltd Key Facts
- PE Ratio
- 13.9x
- Market Cap
- ₹22,603 Cr
- PAT Growth YoY
- -11%
- Revenue Growth YoY
- +4%
- OPM
- 49.0%
- RS vs Nifty 500
- +8.2%
PE: Early ExpansionFalling Knife
What's Happening
🔻Earnings declining and PE falling — fundamentals deteriorating
🌐FII stake decreased 0.5% this quarter
💰Trading 54% above estimated fair value — significant premium
Earnings Acceleration Triggers
1. Industry Consolidation Virtual Monopoly
OngoingHIGH
2. New Product Or Brand Launch
2026MEDIUM
Key Risks
1. Internal family dispute between promoter Kalanithi Maran and brother Dayanidhi M
MEDIUM2. Recognition of exceptional items due to the notification of new Labour Codes by
LOWSector-Specific Signals
Advertising Revenue₹291.94 Cr-12.11%
Domestic Subscription Revenue₹472.99 Cr+8.86%
Cricket Franchise Income₹14.61 CrNot Given
Operating Expenses₹237.57 Cr+8.71%
Key Numbers
PAT Growth YoY
-11%
Stable
Revenue YoY
+4%
Inflection Up
Operating Margin
49.0%
-500 bps YoY
PE Ratio
13.9
Current Price
₹574
Dividend Yield
2.62%
Fundamental Score
40/100
Average
3Y PAT CAGR
+1%
Market Cap
22.6K Cr
Valuation
Significantly Overvalued12-Week Performance
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
12 weeks agoThis week
Why Are Sun TV Network Ltd's Earnings Accelerating?
Based on Q3 FY26 (web) earnings • Updated Apr 18, 2026
New Product Or Brand Launch
Expected: 2026MEDIUM confidence
What: Movie Slate: Jailer 2
Impact: Revenue trigger
What Are the Key Risks for Sun TV Network Ltd?
Earnings deceleration risks from management commentary
Internal family dispute between promoter Kalanithi Maran and brother Dayanidhi M
MEDIUMTrigger: Internal family dispute between promoter Kalanithi Maran and brother Dayanidhi Maran regarding 2003 share allotments.
Impact: PAT impact: Not Given
Management view: Company claims the matter is personal and has no bearing on business operations.
Monitor: litigation
Recognition of exceptional items due to the notification of new Labour Codes by
LOWTrigger: Recognition of exceptional items due to the notification of new Labour Codes by the Government of India.
Impact: PAT impact: Non-recurring impact
Management view: Recognized as an exceptional item during the quarter.
Monitor: regulatory
What Did Sun TV Network Ltd Report This Quarter?
Headline numbers from the latest earnings call
Revenue
₹827.87 Cr
YoY +4.32%QoQ -33.67%
Revenue grew marginally YoY driven by subscription gains but faced a sharp sequential decline due to seasonality and ad market softness.
EBITDA
₹409.79 Cr
YoY -5.17%Margin 49.51%
EBITDA margins compressed to 49.51% from 51.86% YoY as operating expenses rose faster than the top-line growth.
PAT
₹316.44 Cr
YoY -8.85%QoQ -8.54%
Net profit declined nearly 9% YoY, weighed down by higher depreciation and a sharp 12% drop in advertising revenue.
Other Highlights
• Interim dividend of ₹2.50 per share declared for Q3 FY26.
• Domestic subscription revenue grew 8.86% YoY to ₹472.99 Cr.
• Total expenses increased 11.4% YoY to ₹558 Cr.
What Sector Metrics Matter for Sun TV Network Ltd?
Sub-sector-specific signals from the latest concall — each with management's stated reason for the change
Advertising Revenue
₹291.94 Cr
YoY -12.11%QoQ Not Given
Why: Reflecting continued pressure in the television advertising market and FMCG spend cuts.
Domestic Subscription Revenue
₹472.99 Cr
YoY +8.86%QoQ Not Given
Why: Steady growth in the linear subscription base provided support despite ad headwinds.
Cricket Franchise Income
₹14.61 Cr
YoY Not GivenQoQ Not Given
Why: Includes income from Sunrisers Hyderabad, Sunrisers Eastern Cape, and Sunrisers Leeds.
Operating Expenses
₹237.57 Cr
YoY +8.71%QoQ Not Given
Why: Increased content and production costs weighed on margins.
Depreciation & Amortization
₹113 Cr
YoY 0%QoQ Not Given
Why: Remained flat for the quarter but showed a significant jump on a nine-month basis.
What Is Sun TV Network Ltd's Management Guidance?
Forward-looking targets from management for Q4 FY26
Revenue Growth Target
10%
OPM Guidance
62%
Capex Plan
₹1092 Cr
Revenue Outlook
₹1,250-1,350 Cr
Margin Outlook
Analysts project EBITDA margins of 60-64% for the final quarter.
Capex Plan
₹1,092 Cr
Acquisition of Northern Superchargers (Sunrisers Leeds)
Management Tone: CAUTIOUS
Guidance Changes
LOWERED
Earnings Estimates: Higher → 4-9% cut
Weak ad revenue and higher costs
How Fast Is Sun TV Network Ltd Growing?
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +4% | +4% | Inflection Up |
| PAT (Net Profit) | -11% | +1% | Stable |
| OPM | 49.0% | -500 bps | Volatile |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 18, 2026.
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Frequently Asked Questions: Sun TV Network Ltd
Based on publicly available financial data. This is educational research, not investment advice.
What were Sun TV Network Ltd's latest quarterly results?
Sun TV Network Ltd's latest quarterly results (Dec 2025) show
- PAT Growth YoY: -11.0% (stable)
- Revenue Growth YoY: +4.0%
- Operating Margin: 49.0% (volatile)
Is Sun TV Network Ltd's profit growing or declining?
Sun TV Network Ltd's profit is declining with an stable trend.
- PAT Growth YoY: -11.0% (latest quarter)
- PAT Growth QoQ: -8.7% (sequential)
- 3-Year PAT CAGR: +1.2%
- Trend: Stable — consistent growth pattern
What is Sun TV Network Ltd's revenue growth trend?
Sun TV Network Ltd's revenue growth trend is turning around (inflection up).
- Revenue Growth YoY: +4.0%
- Revenue Growth QoQ: -33.7% (sequential)
- 3-Year Revenue CAGR: +3.9%
How is Sun TV Network Ltd's operating margin trending?
Sun TV Network Ltd's operating margin is volatile.
- Current OPM: 49.0%
- OPM Change YoY: -5.0% basis points
- OPM Change QoQ: -9.0% basis points
What is Sun TV Network Ltd's 3-year profit and revenue CAGR?
Sun TV Network Ltd's long-term compounding rates
- 3-Year Profit CAGR: +1.2%
- 3-Year Revenue CAGR: +3.9%
Is Sun TV Network Ltd's growth accelerating or decelerating?
Sun TV Network Ltd's earnings growth is stable with mixed signals on a sequential basis.
- YoY Acceleration: +2.2% bps
- Sequential Acceleration: +24.2% bps
- Margin Warning: Operating margins are under pressure
What is Sun TV Network Ltd's trailing twelve month (TTM) performance?
Sun TV Network Ltd's trailing twelve month (TTM) performance
- TTM PAT: ₹2,000 Cr
- TTM PAT Growth: -9.7% YoY
- TTM Revenue: ₹4,000 Cr
- TTM Revenue Growth: +8.8% YoY
- TTM Operating Margin: 50.3%
Is Sun TV Network Ltd overvalued or undervalued?
Sun TV Network Ltd appears significantly overvalued based on our fair value analysis.
- Valuation Signal: Significantly Overvalued
- Current PE: 13.9x
- Price-to-Book: 1.8x
What is Sun TV Network Ltd's current PE ratio?
Sun TV Network Ltd's current PE ratio is 13.9x.
- Current PE: 13.9x
- Market Cap: 22.6K Cr
- Dividend Yield: 2.62%
How does Sun TV Network Ltd's valuation compare to its history?
Sun TV Network Ltd's current PE is 13.9x.
- Current PE: 13.9x
- Valuation Assessment: Significantly Overvalued
What is Sun TV Network Ltd's price-to-book ratio?
Sun TV Network Ltd's price-to-book ratio is 1.8x.
- Price-to-Book (P/B): 1.8x
- Book Value per Share: ₹313
- Current Price: ₹574
Is Sun TV Network Ltd a fundamentally strong company?
Sun TV Network Ltd is rated Average with a fundamental score of 40.48/100. This score is calculated from objective financial metrics
- Revenue Growth YoY: +4.0% (10% weight)
- PAT Growth YoY: -11.0% (10% weight)
- PAT Growth QoQ: -8.7% (10% weight)
- Margins stable (10% weight)
Is Sun TV Network Ltd debt free?
Sun TV Network Ltd has a debt-to-equity ratio of N/A.
- Total Debt: ₹146 Cr
What is Sun TV Network Ltd's return on equity (ROE) and ROCE?
Sun TV Network Ltd's return ratios over recent years
- FY2023: ROCE 25.0%
- FY2024: ROCE 26.0%
- FY2025: ROCE 20.0%
Is Sun TV Network Ltd's cash flow positive?
Sun TV Network Ltd's operating cash flow is positive (FY2025).
- Cash from Operations (CFO): ₹2,000 Cr
- Free Cash Flow (FCF): ₹599 Cr
- CFO/PAT Ratio: 98% (strong cash conversion)
What is Sun TV Network Ltd's dividend yield?
Sun TV Network Ltd's current dividend yield is 2.62%.
- Dividend Yield: 2.62%
- Current Price: ₹574
Who holds Sun TV Network Ltd shares — promoters, FII, DII?
Sun TV Network Ltd's shareholding pattern (Mar 2026)
- Promoters: 75.0%
- FII (Foreign): 6.6%
- DII (Domestic): 10.9%
- Public: 7.5%
Is promoter holding increasing or decreasing in Sun TV Network Ltd?
Sun TV Network Ltd's promoter holding has remained stable recently.
- Current Promoter Holding: 75.0% (Mar 2026)
- Previous Quarter: 75.0% (Dec 2025)
- Change: 0.00% (stable)
How long has Sun TV Network Ltd been outperforming Nifty 500?
Sun TV Network Ltd has been outperforming Nifty 500 for 12 consecutive weeks, indicating strong sustained outperformance.
Is Sun TV Network Ltd a new momentum entry or an established outperformer?
Sun TV Network Ltd is an established outperformer with 12 weeks of consecutive Nifty 500 outperformance.
What are the growth catalysts for Sun TV Network Ltd?
Sun TV Network Ltd has 2 key growth catalysts identified from recent earnings analysis
- Industry Consolidation Virtual Monopoly — Dominance in South Indian regional markets provides a strong moat against national competitors.
- New Product Or Brand Launch — High-profile movie releases act as significant non-linear revenue triggers.
What are the key risks in Sun TV Network Ltd?
Sun TV Network Ltd has 2 key risks worth monitoring
- [MEDIUM] Internal family dispute between promoter Kalanithi Maran and brother Dayanidhi M — Internal family dispute between promoter Kalanithi Maran and brother Dayanidhi Maran regarding 2003 share allotments.
- [LOW] Recognition of exceptional items due to the notification of new Labour Codes by — Recognition of exceptional items due to the notification of new Labour Codes by the Government of India.
What is Sun TV Network Ltd's management guidance for growth?
Sun TV Network Ltd's management has provided the following forward guidance for Q4 FY26
- Revenue growth target: 10%
- OPM guidance: 62%
- Capex plan: ₹1092 Cr for Acquisition of Northern Superchargers (Sunrisers Leeds)
- Management tone: cautious
- Milestone: [LOWERED] Earnings Estimates: Higher → 4-9% cut
What sector-specific metrics matter most for Sun TV Network Ltd?
Sun TV Network Ltd's most important sub-sector-specific KPIs from the latest concall
- Advertising Revenue: ₹291.94 Cr (YoY -12.11%) (QoQ Not Given) — Reflecting continued pressure in the television advertising market and FMCG spend cuts.
- Domestic Subscription Revenue: ₹472.99 Cr (YoY +8.86%) (QoQ Not Given) — Steady growth in the linear subscription base provided support despite ad headwinds.
- Cricket Franchise Income: ₹14.61 Cr (YoY Not Given) (QoQ Not Given) — Includes income from Sunrisers Hyderabad, Sunrisers Eastern Cape, and Sunrisers Leeds.
- Operating Expenses: ₹237.57 Cr (YoY +8.71%) (QoQ Not Given) — Increased content and production costs weighed on margins.
- Depreciation & Amortization: ₹113 Cr (YoY 0%) (QoQ Not Given) — Remained flat for the quarter but showed a significant jump on a nine-month basis.
Is Sun TV Network Ltd worth studying for long term investment?
Based on quantitative research signals, here is why Sun TV Network Ltd may be worth studying
- Cash flow is positive — CFO ₹2,000 Cr
What is the investment thesis for Sun TV Network Ltd?
Sun TV Network Ltd investment thesis summary:
Research Signals (Bull Case)
- Growth catalyst: Industry Consolidation Virtual Monopoly
Risk Factors (Bear Case)
- Margins under pressure
- Appears significantly overvalued
- Key risk: Internal family dispute between promoter Kalanithi Maran and brother Dayanidhi M
What is the future outlook for Sun TV Network Ltd?
Sun TV Network Ltd's forward outlook based on current data signals
- Earnings Trend: stable
- Revenue Trend: turning around (inflection up)
- Margin Trend: volatile
- Valuation: Significantly Overvalued
- Key Catalyst: Industry Consolidation Virtual Monopoly
- Key Risk: Internal family dispute between promoter Kalanithi Maran and brother Dayanidhi M
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.