HT Media Limited (HTMEDIA) AI Stock Analysis

• Market Cap: ₹4.74B
• Dividend Yield: N/A
• Average Volume (3M): 17.63K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.94
• Revenue Growth: 9.21%
• EPS Growth: N/A
• Country: IN
• Employees: 1,521
• Sector: Services
• Sector Strength: N/A
• Industry: Publishing
• EPS (TTM): -1.01
• Shares Outstanding: 232,773,150
• 10 Day Avg. Volume: 10,372
• 30 Day Avg. Volume: 17,628
• PEG Ratio: -1.97
• Price to Book (P/B): 0.24
• Price to Sales (P/S): 0.22
• P/FCF Ratio: 11.78
• 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: 46 Neutral
• Price Target: ₹19.50 ▼(-25.17% Downside)
• Action: Reiterated Date: 11/30/25
• Date: Action: Reiterated 11/30/25

HT Media's overall stock score is primarily impacted by its financial performance and technical analysis. The company faces operational inefficiencies and bearish market momentum, while its valuation suggests potential overvaluation. Improving cash flow management is a positive, but historical volatility and increasing liabilities pose risks.

Positive Factors

High gross profit margin

A 77.05% gross margin indicates a structurally low direct cost model in content and distribution, enabling HT Media to absorb advertising cyclicality and fund investments in digital platforms and content. High gross margins support long-term reinvestment and scalability of core operations.

Improved free cash flow

Recent positive free cash flow and a strong operating-cash-to-net-income ratio signal durable cash generation. This reduces reliance on external financing, supports capex for digital transformation, and provides a buffer to manage working-capital swings common in advertising-driven businesses.

Diversified media revenue mix

A multi-channel revenue base across print, digital, radio and events reduces single-channel dependency and allows cross-selling of ad and sponsorship packages. Diversification improves resilience to structural shifts in advertising and supports long-term audience monetization strategies.

Negative Factors

Very low net profit margin

Despite high gross margins, a near-zero net margin and persistent negative EBIT indicate structural expense or operating inefficiencies. This weak profit conversion limits retained earnings, constrains strategic spending and reduces the company's capacity to build reserves for downturns.

Rising liabilities and declining equity

Increasing liabilities alongside declining equity erode financial flexibility. Even with moderate leverage, a weaker equity base increases vulnerability to revenue shocks and could raise financing costs, impeding investment in digital initiatives and long-term competitive positioning.

Inconsistent revenue growth and volatility

Irregular revenue growth undermines predictability for planning and investment. For an advertising-reliant media company, volatility hampers long-term contracts, complicates cash flow forecasting and slows structural initiatives like subscription scaling or product diversification.

HT Media Limited Business Overview & Revenue Model

Company Description

HT Media Limited (HTMEDIA) is a leading media company in India, primarily engaged in publishing newspapers, magazines, and digital content. Established in 1924, the company operates in the print and digital sectors, with its flagship publication being 'Hindustan Times', one of the country's largest English-language newspapers. HT Media also owns several other media properties and operates in radio broadcasting through its subsidiary, Radio One, along with digital platforms that cater to various content needs, including news, entertainment, and lifestyle.

How the Company Makes Money

HT Media primarily generates revenue from (1) advertising and marketing services and (2) circulation/subscription-related income, with additional contributions from broadcasting and digital monetization. Advertising is earned by selling ad inventory across its platforms—print (newspaper and magazine ad space), digital (display, video, and other online ad placements across its websites/apps), and radio (on-air ad spots and sponsorships). Circulation and subscription revenue comes from sales of its newspapers/magazines to readers (including subscriptions and single-copy sales). The company also earns from radio operations via advertising and sponsorship packages. On the digital side, monetization typically includes digital ad sales and may include content-led offerings such as subscriptions and/or partnerships for distribution and monetization; specific partner names and the precise mix are not available here (null). Other ancillary income can arise from events, brand activations, and content-related services where applicable, but the extent and breakdown are not available here (null).

HT Media Limited Financial Statement Overview

Summary

HT Media faces challenges with fluctuating revenue and low net profitability despite a strong gross profit margin. The balance sheet is stable but shows increasing liabilities, and while cash flow management is improving, historical volatility remains a concern.

Income Statement

The company has faced challenges in revenue growth with inconsistent revenue performance over the years. While the gross profit margin remains strong at 77.05% for the most recent year, the net profit margin is very low at 0.11%, indicating inefficiencies in managing expenses. Negative EBIT margins have persisted, reflecting operational challenges.

Balance Sheet

HT Media exhibits a relatively stable balance sheet with a debt-to-equity ratio of 0.43, indicating moderate leverage. However, declining equity and increasing liabilities pose risks. The equity ratio stands at 42.37%, suggesting a fair level of financial stability.

Cash Flow

The cash flow position has improved with positive free cash flow in the latest year, a notable turnaround from previous negative figures. The operating cash flow to net income ratio is 29.00, highlighting strong cash generation relative to net income. However, historical volatility in cash flow remains a concern.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	18.67B	18.06B	16.95B	17.11B	15.00B	11.17B
Gross Profit	14.42B	13.91B	7.49B	1.95B	2.58B	1.04B
EBITDA	1.94B	1.81B	465.30M	-800.00K	-134.00M	796.70M
Net Income	176.70M	19.50M	-806.00M	-2.27B	177.90M	-708.40M
Balance Sheet
Total Assets	40.08B	39.33B	41.08B	41.53B	43.97B	43.46B
Cash, Cash Equivalents and Short-Term Investments	13.57B	12.01B	10.61B	7.15B	11.00B	5.42B
Total Debt	8.01B	7.17B	8.90B	8.69B	8.76B	8.37B
Total Liabilities	19.71B	18.83B	20.51B	19.99B	19.14B	18.50B
Stockholders Equity	16.52B	16.66B	17.14B	18.00B	20.84B	20.89B
Cash Flow
Free Cash Flow	-223.90M	333.90M	-950.00M	-740.20M	-605.20M	1.85B
Operating Cash Flow	-73.90M	565.60M	-531.60M	-471.20M	-364.60M	2.03B
Investing Cash Flow	-631.70M	1.70B	1.42B	2.48B	551.30M	-595.60M
Financing Cash Flow	779.30M	-2.53B	-571.40M	-2.07B	-320.80M	-1.12B

HT Media Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 26.06
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HTMEDIA, the sentiment is Negative. The current price of 26.06 is above the 20-day moving average (MA) of 21.34, above the 50-day MA of 22.26, and above the 200-day MA of 23.60, indicating a bearish trend. The MACD of -0.46 indicates Positive momentum. The RSI at 39.40 is Neutral, neither overbought nor oversold. The STOCH value of 41.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:HTMEDIA.

HT Media Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JAGRAN	76 Outperform	₹13.36B	7.20	―	15.46%	0.72%	-4.52%
SANDESH	67 Neutral	₹7.11B	5.29	―	0.46%	―	―
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
SAMBHAAV	52 Neutral	₹1.20B	112.13	―	―	-4.53%	-100.15%
HMVL	48 Neutral	₹4.53B	142.16	―	―	10.41%	244.34%
HTMEDIA	46 Neutral	₹4.74B	-5.78	―	―	9.21%	―
DNAMEDIA	44 Neutral	₹414.33M	-38.14	―	―	―	―

HT Media Limited Corporate Events

HT Media Seeks Shareholder Nod via E-Vote to Appoint Sameer Singh as MD & CEO

HT Media Limited has initiated a postal ballot process to seek shareholder approval for the appointment of Sameer Singh as Managing Director and Chief Executive Officer of the company, along with approval of his remuneration, through a special resolution. In line with regulatory requirements and government circulars, the company is conducting the exercise entirely through electronic means, using NSDL’s e-voting platform from 4 February to 5 March 2026, with notices sent only via email to eligible members and the documents made available on both the company and NSDL websites, underscoring HT Media’s compliance-focused approach to corporate governance and shareholder engagement.