Media and Entertainment Stocks and Companies in India

The largest Media and Entertainment stocks in India by market value are Sun TV Network (₹23,710 crore), Prime Focus (₹23,795 crore) and Nazara Technologies (₹17,203 crore), at prices of 4 Nov 2026.

• Sun TV Network: ₹601.65 | market value ₹23,710 crore | P/E 15.0
• Prime Focus: ₹305.55 | market value ₹23,795 crore | P/E 133.6
• Nazara Technologies: ₹421.05 | market value ₹17,203 crore | P/E 1279.6
• PVR Inox: ₹1,577.30 | market value ₹15,489 crore | P/E 32.6
• Amagi Media Labs: ₹574.60 | market value ₹12,648 crore | P/E 124.4
• Zee Entertainment Enterprises: ₹67.87 | market value ₹6,519 crore | P/E 36.5
• Network 18 Media & Investments: ₹26.41 | market value ₹4,072 crore | P/E 432.6
• Media Matrix Worldwide: ₹17.57 | market value ₹1,990 crore | P/E 227.9
• Hathway Cable & Datacom: ₹9.30 | market value ₹1,646 crore | P/E 24.3
• Panorama Studios International: ₹58.72 | market value ₹1,530 crore | P/E 63.4

The other 15 Media and Entertainment companies are in the full list below.

Share price | market value | P/E, biggest first. Prices, market values and ratios at the official close of 4 Nov 2026; the score list below uses the weekly figures.

Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 30 Oct 2026.

The largest 15 of 25 listed Indian Entertainment & Media companies are named here; all 25 are ranked in the scorecard. This is the set of companies people mean when they search for a Nifty Entertainment & Media index; NSE publishes its own indices only for the largest sectors, so this equal-weighted set stands in for one.

1. Sun TV Network Ltd₹23,900 cr
2. Prime Focus Ltd₹22,400 cr
3. Nazara Technologies Ltd₹16,300 cr
4. PVR Inox Ltd₹14,700 cr
5. Amagi Media Labs Ltd₹11,900 cr
6. Zee Entertainment Enterprises Ltd₹6,380 cr
7. Network 18 Media & Investments Ltd₹3,660 cr
8. Media Matrix Worldwide Ltd₹2,250 cr
9. Hathway Cable & Datacom Ltd₹1,600 cr
10. Panorama Studios International Ltd₹1,540 cr
11. Den Networks Ltd₹1,160 cr
12. Balaji Telefilms Ltd₹1,070 cr
13. Bright Outdoor Media Ltd₹875 cr
14. New Delhi Television Ltd₹682 cr
15. GTPL Hathway Ltd₹607 cr

The remaining 10 Entertainment & Media companies are named and ranked in the scorecard.

25 Media and Entertainment companies in the Entertainment & Media industry group have a page on Sector Alpha, by market value as of 30 October 2026, and all 25 are listed below, largest first. The largest is Sun TV Network (₹23,943 crore) and the smallest with a market value is DAPS Advertising.

Download all 25 Media and Entertainment companies (CSV)

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the last two years (104 weeks) this sector is 0% ahead of NIFTY 500. Earnings across its companies fell 34% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 30 weeks running.

5 of the 19 companies with a long enough price record pass the momentum test (5+ points ahead of the Nifty 500 over 3 months, within 20% of the 52-week high).

Ahead of NIFTY 500 on the three-month view for 30 weeks running; 7 of the 19 companies in the industry index above their 200-day average (1 fewer than four weeks earlier); 5 of those 19 pass the momentum test (1 fewer than four weeks earlier); earnings rising at 6 of the 18 that report earnings.

Participation is shrinking, 6 → 5 of 19 over four weeks, after being ahead of NIFTY 500. Earnings-led fade, only 6 of 18 members have higher trailing twelve-month earnings than a year ago, so the fade has the earnings behind it.

Both lines start at 200 in the same week, so the gap between them tells the story: the sector line is an equal-weighted index of 19 of its 25 companies (the 6 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 set to 100 at the start and the sector taking the middle value, so a price line pulling away from flat bars means the market is paying more for the same earnings. A bar turns grey when that figure is lower than the quarter before. The rules are fixed and the same 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 or tap any point to read both values and the gap.

Entertainment & Media has done worse than the NIFTY 500 by 10.5% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 0.5%. Media Matrix Worldwide Ltd is the strongest against the sector itself at +66.2%. Readings are as of 30 October 2026.

Relative-strength score for the industry: 31.3 as of 30 October 2026 (consolidation, falling).

Entertainment & Media has done worse than the NIFTY 500 by 10.5% over 52 weeks and by 0.5% over 13 weeks. 5 of 25 companies we track are beating the NIFTY on relative strength (how a share price has done against the index over recent months) (7 have no relative-strength reading yet), and 6 of the 9 with a long enough price history are ahead of the industry itself.

A score that ranks each company against the others in its industry. The four parts shown always add up to the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or old evidence affects only its own part, never as a hidden adjustment.

PVR Inox Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 100% evidence confidence.

Basilic Fly Studio Ltd scores well on valuation against its peers or its own history, but its earnings have not yet improved enough to back that up.

Ranked last: too little evidence (3 companies)

Under 60% of the evidence behind these scores is available, so they rank after every company above, whatever the score.

Prime Focus Ltd has the strongest one-year price move in Entertainment & Media at +58.4%. Media Matrix Worldwide Ltd leads on relative strength against the NIFTY, at +62.6%. 8 of 25 companies we track are ahead of the index on that measure (7 have no relative-strength reading yet). Every line covers 313 weekly closes through 30 October 2026.

Price and relative strength

Price · same starting point: 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.

RS vs NIFTY 500: How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.

RS vs sector: The same measure taken against Entertainment & Media itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.

Biggest one-year moves

Strongest against NIFTY 500

Strongest against the sector itself

3 of 17 Entertainment & Media companies held a results call for July to September 2026. PVR Inox guided: FY27 90-100 new screens bulk in H2 mainly capital-light including 2-3 Smart Cinemas.

From the results calls for July to September 2026.

Big funds, foreign and Indian, kept their stake about the same over the last two quarters. Founders and promoters kept theirs about the same.

• Spending on new plants and equipment was ₹5,155 crore in the last 12 months, 53% less than a year before.
• Projects still being built grew 27% in a year.

Big funds = foreign and Indian institutions, change in their share of ownership across 28 Entertainment & Media companies, in percentage points.

Ownership and spending as of 10 October 2026.

This is the written read behind the Entertainment & Media figures above: what is actually happening in the industry, in words, with the evidence each claim rests on. It is dated 29 Jul 2026, so the words are older than the numbers. 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: OLD: this read comes from our Entertainment & Media sector brief dated 29 Jul 2026, about 3 months ago. The page says so rather than dressing it up, and a fresh sector dive replaces it the day it runs.

What is live in this sector right now

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

Zee Entertainment Enterprises Ltd has the highest Revenue among the 25 Entertainment & Media companies compared here, at ₹8,437 crore. PVR Inox Ltd is next at ₹7,124 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 largest at ₹8,437 crore, 18.4% ahead of PVR Inox Ltd. City Pulse Multiventures Ltd's growth is capped at 100% on the scoring scale; the full change over the last 12 months is 137.3% from a ₹8 crore base, with 13 reported quarters out of the last 20. Fast growth from a smaller base is not yet the same as proven size.

What this means: Zee Entertainment Enterprises Ltd is the size to compare against; City Pulse Multiventures Ltd is the one growing fastest. The faster grower has to keep that growth and turn it into margin and returns before it counts as more than a fast start.

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.

Revenue · company comparison

Revenue · largest

Revenue growth · fastest growers

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.

Revenue shows both size and speed. A large company can absorb shocks and pay for wide distribution; faster growth can mean market-share gains, new capacity or stronger demand. The best sign is usually growth that lasts without hurting margins and returns.

Sun TV Network Ltd has the highest OPM among the 25 Entertainment & Media companies compared here, at 48%. Nila Spaces Ltd is next at 38.7%. Nazara Technologies Ltd has the highest Margin change at +42 percentage points, so level and change sit with different companies. 25 of 25 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Sun TV Network Ltd leads opm at 48%; Nazara Technologies Ltd leads margin change at +42 percentage points.

What this means: Sun TV Network Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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.

Operating margin · company comparison

OPM · highest

Margin change · fastest expanders

All-company data · latest reported quarter

Sun TV Network Ltd has the highest Net profit among the 25 Entertainment & Media companies compared here, at ₹1,540 crore. PVR Inox Ltd is next at ₹600 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 earns the most, ₹1,540 crore of profit over the last 12 months, 156.7% above PVR Inox Ltd. City Pulse Multiventures Ltd shows at least 100% on the scoring scale (125.2% in full) growth from a profit base of ₹4 crore. A fast rate from a small base matters less than a large profit that keeps coming.

What this means: Sun TV Network Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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 profit · company comparison

Net profit · largest

Profit growth · fastest growers

All-company data · latest reported quarter

Nila Spaces Ltd has the highest ROCE among the 25 Entertainment & Media companies compared here, at 30.5%. Nazara Technologies Ltd is next at 27.1%. Zee Media Corporation Ltd has the highest ROCE change at +35.9 percentage points, so level and change sit with different companies. 25 of 25 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Nila Spaces Ltd leads ROCE at 30.5%, 3.4 percentage points above Nazara Technologies Ltd. A high return reported once may be one good year; a high return reported year after year shows a lasting business.

What this means: Nila Spaces Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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.

Return on capital · company comparison

Withheld from this chart: Nazara Technologies Ltd (NAZARA): its two data sources disagree by up to 86% on reported income across 15 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; Media Matrix Worldwide Ltd (MMWL): its two data sources disagree by up to 9.7% on reported income across 15 comparable periods, so its derived ratios are withheld; Panorama Studios International Ltd (PANORAMA): its two data sources disagree by up to 78% on reported income across 15 comparable periods, so its derived ratios are withheld; Den Networks Ltd (DEN): its two data sources disagree by up to 38% on reported income across 16 comparable periods, so its derived ratios are withheld; Balaji Telefilms Ltd (BALAJITELE): its two data sources disagree by up to 40% on reported income across 15 comparable periods, so its derived ratios are withheld; GTPL Hathway Ltd (GTPL): its two data sources disagree by up to 60% on reported income across 16 comparable periods, so its derived ratios are withheld; Entertainment Network (India) Ltd (ENIL): its two data sources disagree by up to 2,042% on reported income across 15 comparable periods, so its derived ratios are withheld; Basilic Fly Studio Ltd (BASILIC): its two data sources disagree by up to 30% on reported income across 8 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.

ROCE · highest

ROCE change · fastest improvers

All-company data · latest reported quarter

Hindustan Media Ventures Ltd has the lowest PEG among the 25 Entertainment & Media companies compared here, at 0.19×. Zee Entertainment Enterprises Ltd is next at 0.28×. The same company also has the lowest P/E, at 3.38×. 7 of 25 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Hindustan Media Ventures Ltd has the lowest comparable PEG at 0.19×, 32.1% below Zee Entertainment Enterprises Ltd. That would need today's multiple, the company's own history and steady growth to agree.

What this means: A low valuation is a reason to look closer at the business, not a conclusion on its own.

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 worked out the same way every time, as the P/E on the last 12 months of reported earnings divided by that growth rate, never on expected earnings. 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.

Valuation · company comparison

PEG · lowest PEG

P/E · lowest P/E

All-company data · latest reported quarter

Entertainment & Media companies show up on 6 of our India lists. The most are on the penny stocks list (11 companies).

This Entertainment & Media comparison names 6 specific ways its own evidence can mislead, all listed below. 2 of the 25 companies report on an older date than the sector's freshest reporters, so their ranks are marked stale. 9 have second-source figures left out because the two sources disagree.

Keep these limits visible

• A high growth rate can come from a very small starting figure. The page keeps level and change separate for that reason.
• A high ROCE can be temporary, or look high because the capital base is small. It is best read beside margin, cash flow and how much is spent back on the business.
• The 4-Factor Sector Score ranks published data only. Management quality, upcoming events and risks are not part of it.
• 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.
• 9 companies are missing from the second-source figures on purpose: the two sources disagree, so nothing from the second is drawn. Those rows have less evidence; that does not make the business weaker.

This comparison is built from the reported filings of 25 Entertainment & Media companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Sep 2026 and market data through 30 October 2026.

9 of 25 companies have a second data feed that is known to disagree with the primary source, so nothing from it is drawn: Nazara Technologies Ltd (NAZARA): its two data sources disagree by up to 86% on reported income across 15 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; Media Matrix Worldwide Ltd (MMWL): its two data sources disagree by up to 9.7% on reported income across 15 comparable periods, so its derived ratios are withheld; Panorama Studios International Ltd (PANORAMA): its two data sources disagree by up to 78% on reported income across 15 comparable periods, so its derived ratios are withheld; Den Networks Ltd (DEN): its two data sources disagree by up to 38% on reported income across 16 comparable periods, so its derived ratios are withheld; Balaji Telefilms Ltd (BALAJITELE): its two data sources disagree by up to 40% on reported income across 15 comparable periods, so its derived ratios are withheld; GTPL Hathway Ltd (GTPL): its two data sources disagree by up to 60% on reported income across 16 comparable periods, so its derived ratios are withheld; Entertainment Network (India) Ltd (ENIL): its two data sources disagree by up to 2,042% on reported income across 15 comparable periods, so its derived ratios are withheld; Basilic Fly Studio Ltd (BASILIC): its two data sources disagree by up to 30% on reported income across 8 comparable periods, so its derived ratios are withheld.

These 24 answers restate the Entertainment & Media comparison above in question form. Every one is computed from the same 25 companies and the same reported filings as the rankings and charts, current through Sep 2026. Price and relative-strength answers run through 30 October 2026. Nothing here is estimated, and none of it is a recommendation.