Hindustan Media Ventures Limited (HMVL) AI Stock Analysis

• Market Cap: ₹4.53B
• Dividend Yield: N/A
• Average Volume (3M): 3.10K
• Price to Earnings (P/E): 142.2
• Beta (1Y): 0.96
• Revenue Growth: 10.41%
• EPS Growth: 244.34%
• Country: IN
• Employees: 1,163
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Publishing
• EPS (TTM): 0.12
• Shares Outstanding: 73,671,555
• 10 Day Avg. Volume: 5,579
• 30 Day Avg. Volume: 3,095
• PEG Ratio: 0.01
• Price to Book (P/B): 0.41
• Price to Sales (P/S): 0.85
• P/FCF Ratio: 18.72
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: ₹60.00 ▼(-14.49% Downside)
• Action: Reiterated Date: 03/10/26
• Date: Action: Reiterated 03/10/26

The score is held back primarily by weak operating profitability (negative EBIT/EBITDA margins) and a very high P/E valuation, alongside a clear downtrend (price below key moving averages with bearish MACD). A strong, low-leverage balance sheet and improving operating cash flow provide partial support but do not offset valuation and trend risks.

Positive Factors

Low leverage / strong equity base

A very low debt-to-equity ratio (~0.03) and ~67% equity ratio provide durable financial flexibility. This reduces refinancing and interest burden risk, enables counter-cyclical investment or restructuring, and supports stability if print-ad revenues remain cyclical.

Improving operating cash flow

Rising operating cash flow shows the business is generating more cash from core operations, improving its ability to fund working capital, modest capex, or strategic initiatives internally. Sustained OCF improvement supports long-term viability despite volatile free cash flow.

Positive revenue growth trend

Consistent top-line growth, even modest, indicates continued relevance of products and some pricing or circulation traction. Over 2-6 months this provides a platform to pursue margin recovery, scale print-ad offerings, or diversify revenue into allied media services.

Negative Factors

Negative operating profitability

Negative EBIT and EBITDA margins reflect structural cost or revenue-mix issues in core publishing operations. Sustained unprofitable operations constrain reinvestment, raise break-even needs, and require structural changes (cost cuts, digital monetization) to achieve durable profitability.

Volatile free cash flow and conversion

Significant FCF volatility and weak conversion from net income reduce predictability of internally funded investment, dividends, and debt paydown. Even with low leverage, inconsistent FCF complicates strategic planning and increases reliance on discretionary measures to smooth funding.

Cost-structure weakness despite revenue gains

Revenue increases have not translated into operating margin recovery, indicating entrenched inefficiencies or adverse product mix. Without structural cost optimization or higher-margin diversification, revenue growth alone may not produce sustainable returns for stakeholders.

Hindustan Media Ventures Limited Business Overview & Revenue Model

Company Description

Hindustan Media Ventures Limited engages in the printing and publication of newspapers and periodicals in India. The company's product line includes Hindustan, a daily newspaper that provides news relating to politics, business, entertainment, sports, and other general interests; and LiveHindustan.com, a Hindi news website. It also provides Nandan, a monthly children's magazine that offers traditional and modern stories, poems, interactive columns and facts, and various educative columns; and Kadambini, a monthly socio-cultural magazine, which covers various subjects, including literature, art, culture, health, technology, fashion, travel, beauty, etc. The company was formerly known as Searchlight Publishing House Limited and changed its name to Hindustan Media Ventures Limited in November 2008. The company was incorporated in 1918 and is based in New Delhi, India. Hindustan Media Ventures Limited is a subsidiary of HT Media Limited.

How the Company Makes Money

HMVL generates revenue through multiple streams, primarily from advertising and circulation of its print publications. The advertising revenue comes from various sectors, including consumer goods, real estate, automotive, and technology, with advertisers seeking to reach the extensive readership of 'Hindustan'. Additionally, HMVL earns money from digital platforms through online advertisements and sponsored content. The company may also engage in partnerships with brands for content marketing and promotional campaigns, thereby enhancing its revenue potential. Furthermore, revenue from ancillary services such as events and syndication of content adds to its earnings, making HMVL a multifaceted entity in the media landscape.

Hindustan Media Ventures Limited Financial Statement Overview

Summary

Mixed fundamentals: revenue grew 4.09% (2024 to 2025) and the balance sheet is strong with low leverage (debt-to-equity ~0.03; equity ratio ~67.15%), but operating profitability is weak with negative EBIT and EBITDA margins. Cash flow is improving in operating terms, yet free cash flow is volatile and conversion to free cash flow needs improvement.

Income Statement

Hindustan Media Ventures Limited has shown a mixed performance in its income statement. The company has managed to grow its revenue over the years, with a notable increase of 4.09% from 2024 to 2025. However, profitability remains a concern as both EBIT and EBITDA margins are negative, indicating operational inefficiencies. The net profit margin has improved significantly, driven by a positive net income in 2025. Despite revenue growth, the company needs to focus on improving its cost structure to achieve sustainable profitability.

Balance Sheet

The balance sheet of Hindustan Media Ventures Limited reflects a stable financial position. The company has a strong equity base, with an equity ratio of about 67.15% in 2025, indicating low leverage and financial stability. The debt-to-equity ratio is relatively low, at approximately 0.03, suggesting prudent debt management. Return on equity has improved due to positive net income, although it remains modest. Overall, the company's balance sheet showcases solid financial health with low reliance on debt financing.

Cash Flow

Cash flow analysis for Hindustan Media Ventures Limited shows some areas of concern. While the operating cash flow has increased, indicating better cash generation from operations, the free cash flow growth rate is volatile, with significant fluctuations in past years. The operating cash flow to net income ratio indicates that the company is generating enough cash relative to its net income. However, the free cash flow to net income ratio suggests room for improvement in converting earnings into free cash flow. The company needs to focus on maintaining consistent free cash flow generation to support growth and investment activities.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	7.54B	7.33B	7.04B	7.13B	6.69B	5.34B
Gross Profit	2.44B	1.74B	1.08B	3.99B	1.08B	3.13B
EBITDA	1.17B	1.08B	311.50M	-89.20M	861.40M	1.24B
Net Income	875.00M	777.80M	99.50M	-380.90M	405.90M	694.40M
Balance Sheet
Total Assets	0.00	22.85B	22.48B	21.86B	21.84B	21.08B
Cash, Cash Equivalents and Short-Term Investments	9.74B	9.74B	8.46B	5.63B	8.59B	3.45B
Total Debt	0.00	397.80M	848.40M	1.07B	1.20B	877.60M
Total Liabilities	-15.34B	7.51B	7.69B	7.11B	5.94B	5.23B
Stockholders Equity	15.34B	15.34B	14.79B	14.76B	15.90B	15.85B
Cash Flow
Free Cash Flow	0.00	334.30M	15.40M	381.90M	389.70M	1.95B
Operating Cash Flow	0.00	375.60M	163.90M	522.80M	542.10M	2.03B
Investing Cash Flow	0.00	-27.30M	286.40M	355.30M	-784.80M	-1.47B
Financing Cash Flow	0.00	-576.80M	-91.40M	-898.70M	211.10M	-522.20M

Hindustan Media Ventures Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 70.17
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HMVL, the sentiment is Negative. The current price of 70.17 is above the 20-day moving average (MA) of 69.41, above the 50-day MA of 69.80, and below the 200-day MA of 79.25, indicating a bearish trend. The MACD of -1.88 indicates Positive momentum. The RSI at 35.19 is Neutral, neither overbought nor oversold. The STOCH value of 12.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:HMVL.

Hindustan Media Ventures Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JAGRAN	76 Outperform	₹13.90B	7.20	―	15.46%	0.72%	-4.52%
DBCORP	67 Neutral	₹37.60B	12.26	―	3.84%	-1.93%	-22.88%
SANDESH	67 Neutral	₹7.26B	5.29	―	0.46%	―	―
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
SAMBHAAV	52 Neutral	₹1.21B	112.13	―	―	-4.53%	-100.15%
HMVL	48 Neutral	₹4.53B	142.16	―	―	10.41%	244.34%
HTMEDIA	46 Neutral	₹4.83B	-5.78	―	―	9.21%	―

Hindustan Media Ventures Limited Corporate Events

Hindustan Media Ventures Announces Resignation of Non-Executive Director Manhar Kapoor

Hindustan Media Ventures Limited has announced that Shri Manhar Kapoor has resigned from his position as Non-Executive Non-Independent Director, effective from the close of business on February 28, 2026. The company has disclosed this board-level change in compliance with SEBI Listing Regulations and has made the information available on its website, signaling a routine governance update that may precede further board reconstitution or strategic shifts for stakeholders to monitor.