New Delhi Television Limited (NDTV) AI Stock Analysis

• Market Cap: ₹9.14B
• Dividend Yield: N/A
• Average Volume (3M): 14.89K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.28
• Revenue Growth: 19.53%
• EPS Growth: -138.48%
• Country: IN
• Employees: 671
• Sector: Services
• Sector Strength: N/A
• Industry: Broadcasting
• EPS (TTM): -10.13
• Shares Outstanding: 112,824,720
• 10 Day Avg. Volume: 10,944
• 30 Day Avg. Volume: 14,889
• PEG Ratio: >-0.01
• Price to Book (P/B): 15.87
• Price to Sales (P/S): 2.00
• P/FCF Ratio: -4.17
• 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: 45 Neutral
• Price Target: ₹81.00 ▼(-19.98% Downside)

The score is primarily weighed down by weak financial performance (losses, higher leverage, and negative operating/free cash flow). Technicals provide some support via positive momentum and price strength versus key moving averages, but overbought signals temper that benefit. Valuation is also constrained by a negative P/E tied to current losses.

Positive Factors

Multi-platform revenue model

NDTV’s revenue mix spans on-air TV ads, program sponsorships and digital advertising, giving the company multiple monetization channels. This structural diversification reduces dependence on any single distribution mode and supports resilience as audience habits shift toward digital over months to years.

Recent revenue growth

Reported revenue growth of ~14% indicates sustained audience or ad-revenue traction, a durable operational signal. If maintained, rising top-line supports scale economics, bargaining power with advertisers, and provides a platform to improve margins once cost discipline or monetization of digital inventory is executed.

Established content production & distribution

NDTV’s integrated content production and multi-channel distribution is a structural asset: editorial capabilities, production teams and platform reach enable reuse of content, audience loyalty and potential licensing. These durable capabilities support long-term revenue generation across formats.

Negative Factors

Negative profitability

Persistent operating losses and negative net income weaken equity cushions and impair reinvestment capacity. Over months this reduces ability to fund programming or digital initiatives internally, pressures margins, and can erode advertiser confidence if losses reflect structural cost issues rather than one-offs.

Worsened leverage

A materially higher debt-to-equity ratio increases fixed obligations and reduces financial flexibility. With elevated leverage, the company faces higher refinancing and interest risks, constraining strategic choices (content investment, distribution deals) and making it more vulnerable to revenue volatility over the medium term.

Negative operating & free cash flow

Negative operating and free cash flow signal the business does not yet convert sales into sustainable cash, necessitating external funding for operations or capex. Over 2–6 months this limits ability to invest in digital growth, increases liquidity risk, and can force cost cuts that harm long-term competitiveness.

New Delhi Television Limited Business Overview & Revenue Model

Company Description

New Delhi Television Limited, together with its subsidiaries, engages in television media business in India, the United States, Europe, and internationally. The company operates through two segments, Television Media and Related Operations; and Retail/E-commerce. It operates NDTV 24X7, an English news channel; NDTV India, a Hindi news channel; and NDTV Profit-NDTV Prime, a business and infotainment channel. The company also operates various e-commerce platforms, such as Fifth Gear Auto, an auto portal; and Goodtimes, Gadgets 360°, SmartCooky, and Mojarto.com. New Delhi Television Limited was incorporated in 1988 and is based in New Delhi, India.

How the Company Makes Money

NDTV generates revenue through multiple streams, primarily from advertising and subscription fees. The advertising revenue is derived from commercial advertisements aired during its television broadcasts and on its digital platforms. Additionally, NDTV offers premium content and subscription-based services, which contribute to its earnings. The company also engages in partnerships with various brands and organizations for sponsored content and special programming, further enhancing its revenue potential. NDTV's diverse media offerings, including news, entertainment, and business analysis, allow it to attract a wide range of advertisers, which is a crucial factor in its financial performance.

New Delhi Television Limited Financial Statement Overview

Summary

Overall financials indicate material stress: profitability has deteriorated with negative EBIT and net income, leverage has increased with a worsened debt-to-equity ratio and negative ROE, and both operating cash flow and free cash flow are negative, raising liquidity and funding-risk concerns.

Income Statement

The company has shown a significant decline in profitability with a negative EBIT and net income in the most recent year. The revenue growth from last year was substantial but was accompanied by declining gross profit margins. This indicates challenges in cost management and operational inefficiencies.

Balance Sheet

The debt-to-equity ratio has worsened significantly, pointing to increased leverage and financial risk. The equity ratio has also decreased, indicating a higher proportion of assets financed by debt. Return on equity is negative due to the net losses, suggesting poor returns for shareholders.

Cash Flow

The operating cash flow and free cash flow are both negative, which raises concerns about liquidity and the company's ability to finance its operations without external funding. The free cash flow to net income ratio is negative, reflecting inefficiencies in converting earnings into cash.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	4.79B	4.65B	3.70B	3.86B	3.96B	3.58B
Gross Profit	1.91B	1.03B	2.46B	2.82B	3.13B	1.72B
EBITDA	-1.86B	-1.79B	-62.46M	822.65M	1.23B	1.23B
Net Income	-2.40B	-2.16B	-202.29M	487.31M	798.41M	708.96M
Balance Sheet
Total Assets	0.00	6.43B	5.99B	4.66B	4.79B	4.54B
Cash, Cash Equivalents and Short-Term Investments	102.74M	102.80M	276.63M	963.58M	1.16B	256.78M
Total Debt	0.00	3.38B	1.13B	75.10M	218.24M	745.30M
Total Liabilities	-602.58M	5.83B	3.13B	1.58B	2.23B	2.83B
Stockholders Equity	602.58M	587.30M	2.58B	2.80B	2.33B	1.52B
Cash Flow
Free Cash Flow	0.00	-2.23B	-1.05B	-240.30M	1.48B	333.15M
Operating Cash Flow	0.00	-1.44B	-675.87M	-129.70M	1.55B	426.48M
Investing Cash Flow	0.00	-734.20M	498.62M	395.70M	-780.70M	120.20M
Financing Cash Flow	0.00	2.13B	213.44M	-192.30M	-811.14M	-723.73M

New Delhi Television Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 101.23
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NDTV, the sentiment is Positive. The current price of 101.23 is above the 20-day moving average (MA) of 86.87, above the 50-day MA of 88.06, and below the 200-day MA of 105.18, indicating a neutral trend. The MACD of -1.98 indicates Negative momentum. The RSI at 55.40 is Neutral, neither overbought nor oversold. The STOCH value of 61.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:NDTV.

New Delhi Television Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TVTODAY	65 Neutral	₹7.18B	35.46	―	2.22%	-15.80%	-79.80%
DVL	60 Neutral	₹8.90B	13.28	―	1.75%	-16.02%	-61.61%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
DHUNINV	55 Neutral	₹5.98B	34.90	―	0.24%	-29.04%	-78.51%
ESSARSHPNG	47 Neutral	₹5.35B	9.04	―	―	-189.01%	-87.15%
ZEEMEDIA	47 Neutral	₹4.88B	-5.95	―	―	3.58%	18.64%
NDTV	45 Neutral	₹9.14B	-2.21	―	―	19.53%	-138.48%

New Delhi Television Limited Corporate Events

NDTV Faces Rs 443 Crore Tax Demand, Plans Appeal Against Assessment Order

NDTV has disclosed that the Deputy Commissioner of Income Tax, Central Circle-5, New Delhi, has passed an assessment order for the 2008-09 financial year and raised an income-tax demand of Rs 443.28 crore against the company. The broadcaster plans to challenge the order by filing an appeal before the Commissioner of Income Tax (Appeals) and will seek a stay on the demand while pursuing all available legal remedies, reiterating its belief that it has strong grounds in the dispute, which could have significant financial and regulatory implications depending on the outcome.

NDTV Receives Monitoring Agency Report on ₹396.5 Crore Rights Issue Utilisation

New Delhi Television Limited has disclosed that CARE Ratings Limited, acting as the monitoring agency, has submitted its report for the quarter ended 31 December 2025 on the utilisation of proceeds from NDTV’s rights issue of 4,83,53,450 equity shares, aggregating Rs 396.50 crore. The report, prepared in line with SEBI regulations and the monitoring agency agreement, was reviewed by NDTV’s Audit Committee on 28 January 2026, underscoring the company’s compliance with regulatory requirements and its ongoing transparency regarding the deployment of capital raised through the rights issue.

NDTV Drops Plan to Launch Three Proposed HD News Channels

New Delhi Television Limited has voluntarily surrendered the approvals granted by India’s Ministry of Information & Broadcasting for three proposed high-definition news and current affairs channels—NDTV INDIA HD, NDTV 24×7 HD and NDTV PROFIT HD—after an internal strategic assessment. The company has decided not to proceed with launching these non-operational channels and has emphasized that this decision will not have any material impact on its existing business operations or financial position, indicating a strategy of focusing resources on current channels and platforms rather than expanding its HD linear channel lineup at this time.

NDTV Receives GST Show Cause Notices Alleging Wrongful Input Tax Credit

New Delhi Television Limited has disclosed that it received scrutiny show cause notices from the Delhi GST authorities under central, state and integrated GST laws for financial years 2022–23 and 2023–24, alleging wrongful availment and utilisation of excess input tax credit and short payment of tax. The notices propose a combined liability of about ₹13.69 crore for FY 2022–23 and ₹20.25 crore for FY 2023–24, including tax, interest and penalties, subject to adjudication, and the company is currently reviewing the allegations and documentation and plans to file detailed legal responses within the stipulated timelines, while stating that these notices have no immediate impact on its financial position, operations or other activities.

NDTV Files Scrutinizer’s Report on Fully Electronic Postal Ballot Voting

New Delhi Television Limited has informed the stock exchanges that it has completed a postal ballot process conducted exclusively through remote e-voting, in line with SEBI listing regulations and applicable provisions of the Companies Act. The company provided an e-voting facility via NSDL between November 27 and December 26, 2025, and appointed an independent scrutinizer, Vishal Arora T. Associates, to oversee and report on the voting process, with the postal ballot notice and related documents circulated electronically and hosted on the company’s and exchanges’ websites. This move underscores NDTV’s adherence to evolving regulatory and compliance norms around shareholder communication and decision-making, and reflects the continued normalization of fully electronic voting mechanisms for listed companies’ corporate actions.

NDTV Extends Timeline for Acquisition of ‘GoodTimes’ Channel by Three Months

NDTV has provided an update on its proposed acquisition of the business undertaking comprising the lifestyle and entertainment channel “GoodTimes” from Lifestyle & Media Broadcasting Limited. While the company had earlier indicated a three-month timeframe for closing the deal, it now expects the transaction to be completed within an additional three months, subject to statutory and regulatory approvals and customary conditions precedent, signalling continued progress but a modest delay in integrating the channel into its portfolio.