Sector Alpha Week of 2026-09-11
Not SEBI Registered !! Not Investment advice !!
Sector Alpha — machine-written from the numbers · Data as of 2026-09-11

Entertainment Network (India) Ltd

ENIL
Entertainment & Media

Entertainment Network (India) Ltd's price has outrun its earnings. −37.6% in a year against EPS −166.5% — the market is paying now for delivery later.

The sharpest disagreement: the price moved −37.6% in a year while annual EPS moved −166.5% — the difference is re-rating, and re-rating has to be repaid with earnings.

The price is in a downtrend (42 weeks in) while the P/E sits at the 100th percentile of its own 10-year range. Underneath, the last four quarters read mixed, and 486% of the last 3 years' profit arrived as cash. What settles it: whether earnings grow into a price that has already moved.

Price
₹102
−37.6% 1Y
P/E
364.0×
100th pctile
of its own 10-year range
Revenue (Jun 26)
₹114 Cr
−2.8% YoY
Profit (Jun 26)
₹−6.0 Cr
Operating margin
7.9%
+1.5 pp YoY
ROCE
−1%
FY26
ROIC
−6.0%
vs WACC 12.0% → −18.0 pp
Cash conversion
486%
of profit, last 3 FY
Unverified figures: Some figures on this page come from a second financial-data feed that could not be cross-checked against the primary source — the two do not share enough overlapping reported history to compare. They are drawn, because they are the only evidence there is, and every section carrying one is marked unverified.
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Entertainment Network (India) Ltd trades at ₹102, in a downtrend and 42 weeks into that stage. That is −13.4% against its own 200-day average. It sits at 0% of a 52-week range of ₹102 to ₹165. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (11 weeks and counting).

Today the stock is in a downtrend — week 42 of stage 4, confirmed. At ₹102 it trades −13.4% versus its 200-day average and sits at 0% of its 52-week range (₹102–₹165).

Aug 26: ₹102 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
−13.4% versus the 200-day line, week 42 of stage 4
Price50-day avg200-day avg
S2S4S4₹366₹295₹224₹153₹82.6₹102₹118Aug 23May 24Feb 25Nov 25Aug 26
S2S4S4₹366₹295₹224₹153₹82.6₹102₹118Aug 23Feb 25Aug 26
Beating or trailing, week by week since 2016 Each cell is one week from 2016 to now (547 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Mar 16Aug 26

Against the market, two honest reads. Cumulative: over the last 10.4 years the stock moved −86% while the NIFTY 500 moved +280% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (11 weeks and counting; last ahead the week of 2026-06-12) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Entertainment Network (India) Ltd trades at 364.0× P/E, about the priciest it has ever traded. Its long-run median P/E is 59.3×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 364.0× is about the priciest it has ever traded, against a long-run median of 59.3× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 364.0× vs a 59.3× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 10.4-year window; loss-period spikes above 178× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
about the priciest it has ever traded
P/EMedianEPS (TTM) (quarterly)
190.6×₹24.9144.3×₹18.798.0×₹12.451.6×₹6.25.3×₹0.0×177.80×₹0Mar 16Dec 17Aug 19Nov 24Aug 26
190.6×₹24.9144.3×₹18.798.0×₹12.451.6×₹6.25.3×₹0.0×177.80×₹0Mar 16Aug 19Aug 26
P/E
364.0×
100th percentile of 10y

🚨 Why the multiple sits where it does: over the past year annual EPS moved −166.5% against a −37.6% price move — the price outran earnings, pushing the multiple UP its own range.

The price move, decomposed: over 10y, of the −17.7%/yr price move, ~−34.8%/yr came from earnings growth and ~+17.1 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.

03 · Stage: No read

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Entertainment Network (India) Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 8 quarters across 2 curves, on partial evidence.

Growth, year by year: revenue +3.9% in FY26, profit −158.3% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn. Turnaround-year spikes shown pinned (▲).
Revenue YoYProfit YoYEPS YoY
69%79%37%−23%4.9%−124%−27%−226%−59%−328%%%3.9%−158.3%FY16FY21FY26
69%79%37%−23%4.9%−124%−27%−226%−59%−328%%%3.9%−158.3%FY16FY21FY26
Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from · revenue stabilising
RevenueProfitEPS
13%−38%9.6%−74%6.5%−110%3.3%−145%0.1%−181%%%2.6%−167%−171%Sep 23Dec 24Jun 26
13%−38%9.6%−74%6.5%−110%3.3%−145%0.1%−181%%%2.6%−167%−171%Sep 23Dec 24Jun 26
ROCE Annual readings — the quarterly balance-sheet pieces this curve needs are not held for this stock, so the returns read moves once a year and carries less weight in the call.
the return curve, annual readings
ROCE
7.8%1.2%−5.5%−12%−19%%−1%FY23FY24FY26
7.8%1.2%−5.5%−12%−19%%−1%FY23FY24FY26
Revenue growth
Steady high
latest +2.6% · span +1.0% to +11.9%
ROCE
Stuck low
latest −1.0% · span −17.0%–6.0%

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+3.9%+3.4%+15.7%+1.0%
Share price−37.6%−12.1%−13.1%−17.7%
Revenue YoY (Jun 26)
−2.8%
latest quarter vs a year ago
Revenue 10y
1.0%
long-run compound pace
04 · 4-Factor Sector Score

4-Factor Sector Score

31.1/100 — rank 20 of 25 in Entertainment & Media · 73% evidence confidence

Entertainment Network (India) Ltd scores 31.1 out of 100 against the 25 companies it is compared with in Entertainment & Media, ranking 20. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 13.7 + 3.9 + 5.5 + 8 = 31.1. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

05 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Entertainment Network (India) Ltd reported ₹114 Cr of revenue in the Jun 26 quarter, −2.8% year on year. Over 10 years it has compounded at 1.0% a year. The last full year, FY26, came in at ₹565 Cr. The last four reported quarters add to ₹562 Cr.

FY26 revenue came in at ₹565 Cr (+3.9% on the year), capping 10 years at 1.0% compound. The latest quarter (Jun 26) printed ₹114 Cr, −2.8% year on year.

FY26 revenue ₹565 Cr (+3.9% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
1.0% a year over 10 years
RevenueYoY growth
67169%50337%3354.9%168−27%0−59%₹ Cr%₹5653.9%FY16FY21FY26
67169%50337%3354.9%168−27%0−59%₹ Cr%₹5653.9%FY16FY21FY26
Jun 26: ₹114 Cr (−2.8% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Revenue (quarterly)YoY growth
17827%13417%897.1%45−3.0%0−13%₹ Cr%₹114−2.8%Sep 23Dec 24Jun 26
17827%13417%897.1%45−3.0%0−13%₹ Cr%₹114−2.8%Sep 23Dec 24Jun 26

Pace check: the last four quarters averaged +3.8% growth against the decade's 1.0% — the current year is running faster than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +2.6% over the last 4 quarters against +1.8%/yr over the last 8 — stabilising.

06 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Entertainment Network (India) Ltd's operating margin is 7.9% in the Jun 26 quarter, +1.5 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −17.0% to 33.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 7.9%, +1.5 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −17.0%–33.0%.

Why the margin moved: operating margin went +1.5 pp year on year while gross margin went +0.0 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

FY26: 8.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 13-year window.
within a −17.0–33.0% band over 13 years
operating marginYoY change (pp)
37%42%23%23%8.0%3.0%−6.5%−17%−21%−36%%%8%−6%FY14FY20FY26
37%42%23%23%8.0%3.0%−6.5%−17%−21%−36%%%8%−6%FY14FY20FY26
Jun 26: 7.9% operating margin (+1.5 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
30%22%24%13%17%4.2%11%−4.7%4.7%−14%%%7.9%1.5%Sep 23Dec 24Jun 26
30%22%24%13%17%4.2%11%−4.7%4.7%−14%%%7.9%1.5%Sep 23Dec 24Jun 26
07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Entertainment Network (India) Ltd posted a net loss of ₹6.0 Cr in the Jun 26 quarter. The full FY26 year was a loss of ₹7.0 Cr. That loss is 5.3% of the quarter's revenue. The same quarter a year earlier lost ₹5.3 Cr. 6 of the last 12 reported quarters were loss-making.

Jun 26 profit was ₹−6.0 Cr, null year on year. On the full year, FY26 printed ₹−7.0 Cr (−158.3%).

FY26 profit ₹−7.0 Cr (−158.3% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
Net profitYoY growth
131142%51−192%−28−525%−107−859%−187−1,192%₹ Cr%₹−7−158.3%FY16FY21FY26
131142%51−192%−28−525%−107−859%−187−1,192%₹ Cr%₹−7−158.3%FY16FY21FY26
Jun 26: ₹−6.0 Cr (null YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Net profit (quarterly)YoY growth
2658%18−16%9−90%0−165%−9−239%₹ Cr%₹−6−32%Sep 23Dec 24Jun 26
2658%18−16%9−90%0−165%−9−239%₹ Cr%₹−6−32%Sep 23Dec 24Jun 26
08 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 486% of Entertainment Network (India) Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹86.0 Cr of operating cash against ₹−7.0 Cr of profit. After ₹27.0 Cr of capital spending, ₹59.0 Cr was left as free cash.

FY26: operating cash of ₹86.0 Cr against reported profit of ₹−7.0 Cr, leaving free cash of ₹59.0 Cr after ₹27.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 486% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹86.0 Cr vs profit ₹−7.0 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 11-year window, annual resolution. FY16 reflects an acquisition year — point shown clipped.
486% of 3-year profit arrived as cash
Operating cashNet profitFree cash
15066−19−104−188₹ Cr₹86₹−7₹59FY16FY21FY26
15066−19−104−188₹ Cr₹86₹−7₹59FY16FY21FY26
FY26: CFO = 217% of profit (three-year rate 486%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash; outlier years shown pinned.
Conversion100%
316%258%200%142%84%%217%FY16FY21FY26
316%258%200%142%84%%217%FY16FY21FY26

Why conversion sits at 486%: the cash cycle tightened 38 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner.

Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.

09 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Entertainment Network (India) Ltd's cash conversion cycle runs 115 days in FY26, down from 153 days in FY21. Capital spending ran ₹88.0 Cr over the last 3 years. At FY26 sales of ₹565 Cr each day of that cycle holds about ₹1.5 Cr, so roughly ₹178 Cr sits inside the business at any moment.

FY26: debtors at 115 days (an asset-light business — no inventory to speak of) — for a full cycle of 115 days, tighter than FY21's 153.

In money terms: at FY26 sales of ₹565 Cr, each day of the cycle holds about ₹1.5 Cr — so the 115-day loop keeps roughly ₹178 Cr sitting inside the business at any moment.

FY26: a 115-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 13-year window.
−38 days vs FY21
Cash cycleDebtor days
15714212611095days115d115dFY14FY17FY20FY23FY26
15714212611095days115d115dFY14FY20FY26

On the investment side: capital spending of ₹88.0 Cr over the last 3 fiscal years against ₹248 Cr of depreciation — spending at or below maintenance level. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹27.0 Cr, work-in-progress ₹0.0 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
steady investment
CapexWork-in-progress
77454531585−144₹ Cr₹27₹0FY16FY18FY21FY23FY26
77454531585−144₹ Cr₹27₹0FY16FY21FY26

The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.

10 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Entertainment Network (India) Ltd earns a ROCE of −1% in FY26. That is up from a trough of −17% in FY23. Return on invested capital clears the cost of that capital by −18.0 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is −1.2% net margin on 0.47× asset turns.

FY26 ROCE is −1%, recovered from a FY23 trough of −17% — the full ladder below shows the fall and the climb, undoctored.

🚨 Why the return is what it is — the wiring (FY26): −1.2% net margin × 0.47× asset turns × 1.59× balance-sheet leverage ≈ −0.9% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.

The capstone test — ROIC − WACC: −6.0% − 12.0% = a −18.0 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.

FY26: ROCE −1% Return on capital employed by fiscal year, % (line). 13-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY23's −17%
ROCEWACC
22%11%1.0%−9.4%−20%%−1%FY14FY17FY20FY23FY26
22%11%1.0%−9.4%−20%%−1%FY14FY20FY26
11 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Entertainment Network (India) Ltd carries ₹171 Cr of borrowings against ₹758 Cr of equity in FY26, a debt-to-equity of 0.23. Operating profit covers the interest bill 3×. Over 5 years borrowings went from ₹0.0 Cr to ₹171 Cr. Capital spending ran ₹88.0 Cr across the last 3 of those years.

FY26: borrowings of ₹171 Cr against equity of ₹758 Cr — a debt-to-equity of 0.23. Operating profit covers the interest bill 3×. Over 5 years borrowings went from ₹0.0 Cr to ₹171 Cr while capital spending ran ₹88.0 Cr in just the last 3 — part of the build-out is riding on borrowed money.

FY26: borrowings ₹171 Cr at 0.23× equity Borrowings by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 13-year window. Quarterly balance-sheet history is not held for India — annual is the honest resolution.
the debt trajectory
BorrowingsDebt-to-equity
2700.4×2030.3×1350.2×680.1×00.0×₹ Cr×₹1710.23×FY14FY17FY20FY23FY26
2700.4×2030.3×1350.2×680.1×00.0×₹ Cr×₹1710.23×FY14FY20FY26
12 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

No holder of Entertainment Network (India) Ltd moved a full percentage point over the last two years — the register is quiet. Foreign institutions moved +0.1 points over the same window, to 6.0%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Domestic institutions: −0.4 points over 8 quarters to 3.7%; Foreign institutions: +0.1 points over 8 quarters to 6.0%; Promoters: +0.0 points over 8 quarters to 71.2%.

Fiscal-year ends: promoters +0.0 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
77%57%38%18%−1.5%%71.2%6.2%3.9%18.8%Mar 24Mar 25Mar 26
77%57%38%18%−1.5%%71.2%6.2%3.9%18.8%Mar 24Mar 25Mar 26
A quiet register: no holder moved a full point in two years Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Domestic inst.Public
77%57%37%18%−1.7%%71.2%6.0%3.7%19.1%Jun 23Dec 24Jun 26
77%57%37%18%−1.7%%71.2%6.0%3.7%19.1%Jun 23Dec 24Jun 26
13 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Entertainment Network (India) Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

14 · Related companies · Entertainment & Media
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Nila Spaces LtdNILASPACES 71.2/100Favorable setup81% evidence TURNING 28.5/35 Revenue 31.1% · PAT 75.5% · OPM change 9.1 pp 95% evidence 20.0/25 ROCE 31.3% · OPM 38.7% 95% evidence 11.6/20 P/E 15.5× · PEG — 50% evidence 11.1/20 RS sector 4% · RS bench -13.6% · 1Y -17.4%0 of 6 weeks ahead 70% evidence
Exact sum: 28.5 + 20 + 11.6 + 11.1 = 71.2 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2PVR Inox LtdPVRINOX 69.3/100Favorable setup91% evidence BREAKING OUT 23.3/35 Revenue 13.7% · PAT 100% · OPM change 5 pp 74% evidence 10.5/25 ROCE 6.8% · OPM 33% 100% evidence 16.9/20 P/E 38.3× · PEG 0.71 100% evidence 18.6/20 RS sector 24.4% · RS bench 19.1% · 1Y 7.9%6 of 12 weeks ahead 100% evidence
Exact sum: 23.3 + 10.5 + 16.9 + 18.6 = 69.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Prime Focus LtdPFOCUS 65.6/100Favorable setup83% evidence BREAKING OUT 26.3/35 Revenue 29.2% · PAT 100% · OPM change 0 pp 100% evidence 11.6/25 ROCE 11.3% · OPM 24% 100% evidence 9.1/20 P/E 136× · PEG — 15% evidence 18.6/20 RS sector 32.4% · RS bench 27.5% · 1Y 96.3%4 of 12 weeks ahead 100% evidence
Exact sum: 26.3 + 11.6 + 9.1 + 18.6 = 65.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Hindustan Media Ventures LtdHMVL 63.1/100Mixed-positive evidence72% evidence FADING 23.2/35 Revenue 10.8% · PAT 2.3% · OPM change 8 pp 95% evidence 15.1/25 ROCE 11.5% · OPM 14% 95% evidence 13.1/20 P/E 3.7× · PEG — 50% evidence 11.7/20 RS sector — · RS bench 7.2% · 1Y —7 of 9 weeks ahead 25% evidence
Exact sum: 23.2 + 15.1 + 13.1 + 11.7 = 63.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Nazara Technologies LtdNAZARA 60.5/100Mixed-positive evidence79% evidence LEADER 11.9/35 Revenue -6.1% · PAT -80% · OPM change -13.7 pp 95% evidence 15.8/25 ROCE 27.1% · OPM -9% 76% evidence 13.1/20 P/E — · PEG — 35% evidence 19.7/20 RS sector 39.2% · RS bench 33.4% · 1Y 34.2%12 of 12 weeks ahead 100% evidence
Exact sum: 11.9 + 15.8 + 13.1 + 19.7 = 60.5 · Decision use: Price leads the evidence: RS versus the benchmark is 33.4%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
6H T Media LtdHTMEDIA 56.7/100Mixed-positive evidence79% evidence BREAKING OUT 18.4/35 Revenue 4.1% · PAT -80% · OPM change 9.9 pp 71% evidence 8.6/25 ROCE 6.3% · OPM 7% 95% evidence 13.7/20 P/E 4.8× · PEG — 50% evidence 16.0/20 RS sector 10.8% · RS bench 5.8% · 1Y -4.8%12 of 12 weeks ahead 100% evidence
Exact sum: 18.4 + 8.6 + 13.7 + 16 = 56.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7Sun TV Network LtdSUNTV 54.9/100Mixed-positive evidence100% evidence BASING 18.2/35 Revenue 12.7% · PAT -8.6% · OPM change 2 pp 100% evidence 18.7/25 ROCE 16.4% · OPM 50% 100% evidence 12.7/20 P/E 11.9× · PEG 1.37 100% evidence 5.3/20 RS sector -8.1% · RS bench -12% · 1Y -14.4%0 of 12 weeks ahead 100% evidence
Exact sum: 18.2 + 18.7 + 12.7 + 5.3 = 54.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8City Pulse Multiventures Ltd542727 54.4/100Mixed-positive evidence65% evidence 22.4/35 Revenue 100% · PAT 100% · OPM change -166.4 pp 83% evidence 11.3/25 ROCE 2.6% · OPM 78.6% 76% evidence 8.7/20 P/E 268× · PEG — 15% evidence 12.0/20 RS sector 41.4% · RS bench -87.3% · 1Y -88.6%0 of 5 weeks ahead to 2026-08-09 70% evidence
Exact sum: 22.4 + 11.3 + 8.7 + 12 = 54.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9Basilic Fly Studio LtdBASILIC 52.6/100Mixed-positive evidence70% evidence 13.4/35 Revenue — · PAT — · OPM change -3 pp 45% evidence 21.0/25 ROCE 22.3% · OPM 21% 95% evidence 14.4/20 P/E 9.5× · PEG — 50% evidence 3.8/20 RS sector -29.6% · RS bench -34.7% · 1Y -59.3%1 of 7 weeks ahead to 2026-08-09 100% evidence
Exact sum: 13.4 + 21 + 14.4 + 3.8 = 52.6 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
10Media Matrix Worldwide LtdMMWL 51.7/100Mixed-positive evidence80% evidence BREAKING OUT 15.3/35 Revenue -23.2% · PAT 100% · OPM change -0.5 pp 95% evidence 10.7/25 ROCE 9.8% · OPM 1.5% 95% evidence 8.8/20 P/E 215× · PEG — 15% evidence 16.9/20 RS sector 22.3% · RS bench 16.8% · 1Y 4.4%8 of 12 weeks ahead 100% evidence
Exact sum: 15.3 + 10.7 + 8.8 + 16.9 = 51.7 · Decision use: Price leads the evidence: RS versus the benchmark is 16.8%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
11Zee Media Corporation LtdZEEMEDIA 44.5/100Mixed-negative evidence72% evidence ASLEEP 20.7/35 Revenue 22.3% · PAT 98.3% · OPM change -2 pp 71% evidence 10.1/25 ROCE 5.3% · OPM 9% 95% evidence 9.0/20 P/E 144× · PEG — 15% evidence 4.7/20 RS sector -10.2% · RS bench -14.4% · 1Y -39.6%4 of 12 weeks ahead 100% evidence
Exact sum: 20.7 + 10.1 + 9 + 4.7 = 44.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
12Panorama Studios International LtdPANORAMA 43.4/100Mixed-negative evidence69% evidence 10.4/35 Revenue -23.7% · PAT -53.7% · OPM change 5 pp 95% evidence 12.5/25 ROCE 8.7% · OPM 11% 76% evidence 9.6/20 P/E 58× · PEG — 15% evidence 10.9/20 RS sector -4.5% · RS bench 18.5% · 1Y 10.2%0 of 12 weeks ahead 70% evidence
Exact sum: 10.4 + 12.5 + 9.6 + 10.9 = 43.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
13Balaji Telefilms LtdBALAJITELE 40.4/100Mixed-negative evidence64% evidence TURNING 14.5/35 Revenue 0.8% · PAT -80% · OPM change 24 pp 71% evidence 6.0/25 ROCE -9.5% · OPM 11% 76% evidence 10.0/20 P/E — · PEG — 0% evidence 9.9/20 RS sector -3.9% · RS bench -8.5% · 1Y -17.2%1 of 12 weeks ahead 100% evidence
Exact sum: 14.5 + 6 + 10 + 9.9 = 40.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
14Hathway Cable & Datacom LtdHATHWAY 38.4/100Mixed-negative evidence87% evidence ASLEEP 12.6/35 Revenue 5.7% · PAT -28.3% · OPM change -4 pp 95% evidence 8.0/25 ROCE 2.6% · OPM 13% 95% evidence 9.3/20 P/E 23.9× · PEG — 50% evidence 8.5/20 RS sector -6.2% · RS bench -10.8% · 1Y -30%3 of 12 weeks ahead 100% evidence
Exact sum: 12.6 + 8 + 9.3 + 8.5 = 38.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
15Dish TV India LtdDISHTV 38.1/100Mixed-negative evidence69% evidence BASING 14.2/35 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 1.5/20 RS sector -23.8% · RS bench -27.7% · 1Y -53.8%2 of 12 weeks ahead 100% evidence
Exact sum: 14.2 + 12.4 + 10 + 1.5 = 38.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
16Network 18 Media & Investments LtdNETWORK18 36.9/100Mixed-negative evidence66% evidence ASLEEP 17.3/35 Revenue -48.5% · PAT 97.8% · OPM change 0.5 pp 95% evidence 5.6/25 ROCE 3% · OPM 1.4% 76% evidence 10.0/20 P/E — · PEG — 0% evidence 4.0/20 RS sector -24.1% · RS bench -27.4% · 1Y -50.7%0 of 10 weeks ahead 70% evidence
Exact sum: 17.3 + 5.6 + 10 + 4 = 36.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
17Den Networks LtdDEN 35.9/100Mixed-negative evidence81% evidence TURNING 10.4/35 Revenue -2.3% · PAT -29.8% · OPM change -3.3 pp 95% evidence 7.0/25 ROCE 3.2% · OPM 4.7% 95% evidence 11.4/20 P/E 8.7× · PEG — 50% evidence 7.1/20 RS sector -10.2% · RS bench -7.2% · 1Y -25%1 of 10 weeks ahead 70% evidence
Exact sum: 10.4 + 7 + 11.4 + 7.1 = 35.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
18T.V. Today Network LtdTVTODAY 34.0/100Adverse evidence81% evidence TURNING 12.1/35 Revenue -7.8% · PAT -43.3% · OPM change 5.9 pp 95% evidence 8.1/25 ROCE 4.5% · OPM 8% 95% evidence 7.9/20 P/E 23.9× · PEG — 50% evidence 5.9/20 RS sector -17.6% · RS bench -11.1% · 1Y -28.2%2 of 10 weeks ahead 70% evidence
Exact sum: 12.1 + 8.1 + 7.9 + 5.9 = 34 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
19Zee Entertainment Enterprises LtdZEEL 31.4/100Adverse evidence94% evidence ASLEEP 6.0/35 Revenue 2.4% · PAT -71.5% · OPM change -8 pp 100% evidence 6.5/25 ROCE 2.7% · OPM 5% 100% evidence 13.4/20 P/E 36.4× · PEG 0.28 100% evidence 5.5/20 RS sector -15.8% · RS bench -15.9% · 1Y -31.5%7 of 10 weeks ahead 70% evidence
Exact sum: 6 + 6.5 + 13.4 + 5.5 = 31.4 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
20Entertainment Network (India) Ltdthis pageENIL 31.1/100Adverse evidence73% evidence 13.7/35 Revenue 3.9% · PAT -80% · OPM change 1.5 pp 71% evidence 3.9/25 ROCE -0.8% · OPM 7.9% 95% evidence 5.5/20 P/E 364× · PEG — 50% evidence 8.0/20 RS sector -3.2% · RS bench -18.6% · 1Y -35.5%0 of 5 weeks ahead to 2026-08-09 70% evidence
Exact sum: 13.7 + 3.9 + 5.5 + 8 = 31.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
21GTPL Hathway LtdGTPL 30.4/100Adverse evidence81% evidence BASING 10.2/35 Revenue 8.3% · PAT -80% · OPM change -1.5 pp 95% evidence 10.6/25 ROCE 3.5% · OPM 10.3% 95% evidence 6.0/20 P/E 84.3× · PEG — 50% evidence 3.6/20 RS sector -31% · RS bench -21.6% · 1Y -48.3%0 of 10 weeks ahead 70% evidence
Exact sum: 10.2 + 10.6 + 6 + 3.6 = 30.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
22New Delhi Television LtdNDTV 27.9/100Adverse evidence69% evidence ASLEEP 10.4/35 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 5.9/20 RS sector -9.3% · RS bench -13.7% · 1Y -35.1%3 of 12 weeks ahead 100% evidence
Exact sum: 10.4 + 1.6 + 10 + 5.9 = 27.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
23Bright Outdoor Media Ltd543831 61.4/100Thin evidence · provisional48% evidence 20.2/35 Revenue 50.9% · PAT 100% · OPM change 1 pp 27% evidence 16.6/25 ROCE 15.7% · OPM 23% 57% evidence 9.2/20 P/E 43.7× · PEG — 50% evidence 15.4/20 RS sector 22.3% · RS bench 17.4% · 1Y 17.9%12 of 12 weeks ahead to 2026-04-05 70% evidence
Exact sum: 20.2 + 16.6 + 9.2 + 15.4 = 61.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
24Amagi Media Labs LtdAMAGI 52.7/100Thin evidence · provisional38% evidence BREAKING OUT 23.1/35 Revenue — · PAT — · OPM change 7.4 pp 45% evidence 10.3/25 ROCE 8% · OPM 7% 76% evidence 9.3/20 P/E 125× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y —12 of 12 weeks ahead 0% evidence
Exact sum: 23.1 + 10.3 + 9.3 + 10 = 52.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
25DAPS Advertising Ltd543651 50.7/100Thin evidence · provisional43% evidence 17.9/35 Revenue — · PAT — · OPM change 0.7 pp 15% evidence 12.7/25 ROCE 9.9% · OPM 5.4% 57% evidence 13.9/20 P/E 8.5× · PEG — 50% evidence 6.2/20 RS sector -20.1% · RS bench -6.2% · 1Y -18.2%0 of 10 weeks ahead to 2026-03-29 70% evidence
Exact sum: 17.9 + 12.7 + 13.9 + 6.2 = 50.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

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.

15 · Frequently asked questions

Frequently asked questions

What is Entertainment Network (India) Ltd's share price today?

Entertainment Network (India) Ltd trades at ₹102, −37.6% over the past year. The company is valued at ₹487 Cr. The stock sits at the very bottom of its 52-week range (₹102–₹165), −13.4% versus its 200-day average. On the tape, the price is in a downtrend, 42 weeks in. — as of 11 September 2026.

What were Entertainment Network (India) Ltd's latest quarterly results?

Entertainment Network (India) Ltd reported revenue of ₹114 Cr and a net loss of ₹6.0 Cr for the Jun 26 quarter. Earnings per share were ₹−1.26. The operating margin was 7.9%, 1.5 pp higher than a year earlier. — as of 11 September 2026.

What is Entertainment Network (India) Ltd's revenue?

Entertainment Network (India) Ltd reported revenue of ₹114 Cr in the Jun 26 quarter, −2.8% year on year. For the full FY26 fiscal year, revenue was ₹565 Cr (+3.9%). Over the last 10 years revenue compounded at 1.0% a year. — as of 11 September 2026.

What is Entertainment Network (India) Ltd's profit?

Entertainment Network (India) Ltd earned ₹−6.0 Cr of net profit in the Jun 26 quarter. Full-year FY26 profit was ₹−7.0 Cr. The operating margin ran 7.9% in the latest quarter. — as of 11 September 2026.

What is Entertainment Network (India) Ltd's market cap?

Entertainment Network (India) Ltd's market capitalisation is ₹487 Cr at a share price of ₹102. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.

What is Entertainment Network (India) Ltd's P/E ratio?

Entertainment Network (India) Ltd trades at a P/E of 364.0×, at the most expensive it has been in 10 years, against a long-run median of 59.3×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.

Does Entertainment Network (India) Ltd pay a dividend?

Not in its latest year — Entertainment Network (India) Ltd's dividend payout was 0% of profit in FY26. It did record a payout in 9 of its last 13 reported fiscal years, so there is a history but no current dividend. — as of 11 September 2026.

Is Entertainment Network (India) Ltd overvalued?

On its own history, Entertainment Network (India) Ltd looks expensive: its P/E of 364.0× sits at the most expensive it has been in 10 years (long-run median 59.3×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 11 September 2026.

How is Entertainment Network (India) Ltd performing?

Entertainment Network (India) Ltd is in a downtrend, 42 weeks in. Against the NIFTY 500 it has been behind on a trailing-13-week view for 11 weeks. This describes what the data did, not a rating. — as of 11 September 2026.

Is Entertainment Network (India) Ltd in an uptrend?

No — the price is in a downtrend (week 42 of stage 4), trading −13.4% versus its 200-day average and at the very bottom of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 11 September 2026.

Is Entertainment Network (India) Ltd beating the market?

Not lately — on a trailing-13-week view Entertainment Network (India) Ltd is currently behind the NIFTY 500 (11 weeks and counting; last ahead the week of 2026-06-12), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.4 years the stock moved −86% against the NIFTY 500's +280% — behind the index over the full window. — as of 11 September 2026.

Will Entertainment Network (India) Ltd's share price go up?

This page publishes no price forecast for Entertainment Network (India) Ltd. What it measures instead: the share price is ₹102, the price is in a downtrend 42 weeks in. Its P/E of 364.0× sits at the 100th percentile of its own 10-year range. — as of 11 September 2026.

Who owns Entertainment Network (India) Ltd?

Promoters hold 71.2% of Entertainment Network (India) Ltd, foreign institutions 6.0%, domestic institutions 3.7% and the public 19.1% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 11 September 2026.

Does Entertainment Network (India) Ltd have too much debt?

No — Entertainment Network (India) Ltd's debt-to-equity is 0.23, and operating profit covers the interest bill 3×. FY26 borrowings were ₹171 Cr against equity of ₹758 Cr. The returns on this page are earned, not borrowed — as of 11 September 2026.

What is Entertainment Network (India) Ltd's capex?

Entertainment Network (India) Ltd spent ₹88.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹27.0 Cr, with ₹0.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 11 September 2026.

What is Entertainment Network (India) Ltd's cash flow?

Entertainment Network (India) Ltd generated ₹86.0 Cr of operating cash flow in FY26 and ₹59.0 Cr of free cash flow after ₹27.0 Cr of capital spending. Reported profit that year was ₹−7.0 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 11 September 2026.

Is Entertainment Network (India) Ltd's profit real cash?

Yes — over the last 3 fiscal years, 486% of Entertainment Network (India) Ltd's reported profit arrived as operating cash. Though the latest year ran at -1229% — the trend is the thing to watch. In FY26, operating cash was ₹86.0 Cr against reported profit of ₹−7.0 Cr. The cash then goes into a mix of the working-capital cycle and capacity. Cash-flow resolution is annual — as of 11 September 2026.

Where is Entertainment Network (India) Ltd in its business cycle?

Entertainment Network (India) Ltd's FY26 operating margin was 8.0%, against a 13-year band of −17.0%–33.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 7.9%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.

What could break the Entertainment Network (India) Ltd story?

The sharpest disagreement: the price moved −37.6% in a year while annual EPS moved −166.5% — the difference is re-rating, and re-rating has to be repaid with earnings. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 11 September 2026.

Is Entertainment Network (India) Ltd a stock worth studying right now?

This is not investment advice. The machine read: Entertainment Network (India) Ltd's price has outrun its earnings. −37.6% in a year against EPS −166.5% — the market is paying now for delivery later. The sharpest open question: whether earnings grow into a price that has already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 11 September 2026.

Sector Alpha — machine-written from the numbers · Data as of 2026-09-11. Every chart on this page is drawn by deterministic code from the raw series — no forecasts, no price opinions, and nothing here is investment advice.

Not SEBI Registered !! Not Investment advice !!

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