HT Media Limited (HTMEDIA) AI Stock Analysis

• Market Cap: ₹4.70B
• Dividend Yield: N/A
• Average Volume (3M): 17.63K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.05
• 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: ₹20.00 ▼(-23.25% 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 Margin

A 77.05% gross margin indicates durable pricing power and low direct content/distribution costs relative to revenues. This high gross margin provides structural buffer to absorb fixed costs, support digital investment and monetization efforts, and sustain EBITDA improvement if operating expenses are controlled.

Improved Cash Generation

The shift to positive free cash flow and a 29.0 operating cash flow to net income ratio reflect stronger cash conversion and operational cash generation. This enhances the firm's ability to fund capex, invest in digital growth, reduce reliance on external financing, and withstand cyclical advertising downturns over the medium term.

Moderate Leverage

A debt-to-equity of 0.43 and ~42% equity ratio signal moderate leverage and a reasonable capital structure. This financial posture gives HT Media flexibility to pursue strategic investments or weather ad-revenue cycles without excessive debt stress, supporting stability over a 2-6 month horizon.

Negative Factors

Very Low Net Margin

Despite a strong gross margin, net profit at 0.11% and persistent negative EBIT margins point to structural cost inefficiencies or high operating leverage. This compresses retained earnings, limits reinvestment capacity and financial resilience, and makes sustainable profitability reliant on lasting expense control or revenue mix shifts.

Inconsistent Revenue Trends

Fluctuating revenue growth undermines predictability of advertising and subscription income, complicating budgeting and long-term planning. For a media business, inconsistent top-line trends weaken bargaining power with advertisers and slow returns on digital investments, elevating execution risk for strategic initiatives.

Rising Liabilities / Declining Equity

Declining equity alongside rising liabilities erodes the balance sheet cushion and reduces financial flexibility. Over the medium term this raises refinancing and covenant risk, limits capacity for M&A or capex, and makes the company more vulnerable to ad-market shocks or higher funding costs.

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 Limited generates revenue through multiple channels, primarily driven by advertising, circulation sales, and digital services. The advertising segment is a significant revenue contributor, where businesses pay to display ads in the company's various print and digital publications. Circulation sales from newspapers and magazines also provide a steady income stream, as consumers purchase physical copies or subscribe to digital editions. Additionally, HT Media monetizes its digital platforms through online advertising and partnerships with brands for sponsored content. The company has established strategic alliances with various organizations to enhance its content offerings and increase its audience reach, further solidifying its revenue base.

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	18.39B	18.06B	16.95B	17.11B	15.00B	11.17B
Gross Profit	12.88B	13.91B	7.49B	1.95B	2.58B	1.04B
EBITDA	1.83B	1.81B	465.30M	-800.00K	-134.00M	796.70M
Net Income	141.10M	19.50M	-806.00M	-2.27B	177.90M	-708.40M
Balance Sheet
Total Assets	0.00	39.33B	41.08B	41.53B	43.97B	43.46B
Cash, Cash Equivalents and Short-Term Investments	12.02B	12.01B	10.61B	7.15B	11.00B	5.42B
Total Debt	0.00	7.17B	8.90B	8.69B	8.76B	8.37B
Total Liabilities	-20.49B	18.83B	20.51B	19.99B	19.14B	18.50B
Stockholders Equity	20.49B	16.66B	17.14B	18.00B	20.84B	20.89B
Cash Flow
Free Cash Flow	0.00	333.90M	-950.00M	-740.20M	-605.20M	1.85B
Operating Cash Flow	0.00	565.60M	-531.60M	-471.20M	-364.60M	2.03B
Investing Cash Flow	0.00	1.70B	1.42B	2.48B	551.30M	-595.60M
Financing Cash Flow	0.00	-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 21.69, above the 50-day MA of 22.51, and above the 200-day MA of 23.60, indicating a bearish trend. The MACD of -0.45 indicates Positive momentum. The RSI at 34.08 is Neutral, neither overbought nor oversold. The STOCH value of 44.66 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	₹13.79B	7.20	―	15.46%	0.72%	-4.52%
SANDESH	67 Neutral	₹7.38B	5.29	―	0.46%	―	―
SAMBHAAV	58 Neutral	₹1.33B	112.13	―	―	-4.53%	-100.15%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
HMVL	52 Neutral	₹4.88B	142.16	―	―	10.41%	244.34%
HTMEDIA	46 Neutral	₹4.70B	-5.78	―	―	9.21%	―
DNAMEDIA	44 Neutral	₹408.45M	-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.