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Network18 Media & Investments Limited
(NETWORK18)
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Rating:45Neutral
Price Target:
₹30.00
▲(3.91% Upside)
Action:Reiterated
Date:08/21/26
The score is held down primarily by weak cash generation (negative operating and free cash flow) and still-limited operating profitability despite a rebound to positive net income. Technicals are mixed with a modest near-term setup but a weaker longer-term trend, while valuation is unattractive/unclear due to the negative P/E and lack of dividend yield data.
Positive Factors
Earnings Recovery
The return to positive net income and stronger gross margin show meaningful earnings repair. This creates a better base for rebuilding profitability over the next several quarters, though operating earnings have not yet fully recovered.
Negative Factors
Negative Cash Generation
Negative operating and free cash flow indicate that reported earnings are not yet translating into internal funding. Continued cash burn could increase reliance on financing and constrain investment in content, distribution and digital growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Earnings Recovery
The return to positive net income and stronger gross margin show meaningful earnings repair. This creates a better base for rebuilding profitability over the next several quarters, though operating earnings have not yet fully recovered.
Read all positive factors
Network18 Media & Investments Limited (NETWORK18) vs. iShares MSCI India ETF (INDA)
Market Cap
₹46.03B
Dividend YieldN/A
Average Volume (3M)272.74K
Price to Earnings (P/E)―
Beta (1Y)1.46
Revenue Growth-48.53%
EPS Growth97.63%
CountryIN
Employees4,886
SectorGeneral
Sector StrengthN/A
IndustryBroadcasting
Share Statistics
EPS (TTM)-0.22
Shares Outstanding1,542,000,000
10 Day Avg. Volume197,053
30 Day Avg. Volume272,740
Financial Highlights & Ratios
PEG Ratio-0.28
Price to Book (P/B)0.95
Price to Sales (P/S)2.20
P/FCF Ratio-16.51
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Network18 Media & Investments Limited Business Overview & Revenue Model
Company Description
Network18 Media & Investments Limited stands as a prominent Indian conglomerate in the media and entertainment sector. Its expansive operations encompass television broadcasting, digital content creation, film production, online commerce, print pu...
How the Company Makes Money
Network18 primarily makes money by monetizing audiences across television and digital platforms and by leveraging its content and distribution capabilities. Key revenue streams include: (1) Advertising revenue: The company sells ad inventory acros...
Network18 Media & Investments Limited Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
63
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 21.69B | 21.21B | 68.88B | 92.97B | 61.22B | 58.76B |
| Gross Profit | 12.20B | 7.14B | 12.64B | 15.99B | 16.93B | 22.46B |
| EBITDA | 1.11B | 4.93B | -12.95B | 328.00M | 2.35B | 11.54B |
| Net Income | -345.30M | 1.52B | -16.87B | -2.06B | -842.70M | 2.08B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 89.96B | 84.98B | 398.81B | 139.84B | 91.45B |
| Cash, Cash Equivalents and Short-Term Investments | 1.64B | 1.64B | 1.15B | 80.57B | 3.50B | 4.65B |
| Total Debt | 0.00 | 32.88B | 29.60B | 81.56B | 60.69B | 22.84B |
| Total Liabilities | -49.87B | 40.09B | 36.89B | 116.67B | 93.89B | 45.37B |
| Stockholders Equity | 49.87B | 49.18B | 47.43B | 151.96B | 6.75B | 7.55B |
Cash Flow | ||||||
| Free Cash Flow | -1.18B | -2.83B | -28.11B | -88.69B | -35.36B | 4.57B |
| Operating Cash Flow | -814.70M | -2.32B | -19.12B | -64.65B | -28.04B | 6.41B |
| Investing Cash Flow | -326.20M | -203.20M | 13.13B | -51.69B | -7.22B | -2.50B |
| Financing Cash Flow | 1.17B | 2.87B | 7.20B | 11.39B | 34.11B | -3.81B |
Network18 Media & Investments Limited Technical Analysis
Neutral
28.87
Price Trends
30.78
Negative
31.70
Negative
35.87
Negative
Market Momentum
-0.31
Negative
51.31
Neutral
49.58
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NETWORK18, the sentiment is Neutral. The current price of 28.87 is below the 20-day moving average (MA) of 29.29, below the 50-day MA of 30.78, and below the 200-day MA of 35.87, indicating a neutral trend. The MACD of -0.31 indicates Negative momentum. The RSI at 51.31 is Neutral, neither overbought nor oversold. The STOCH value of 49.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:NETWORK18.
Network18 Media & Investments Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹186.07B | 12.16 | ― | 2.57% | 12.76% | 63.67% | |
58 Neutral | ₹103.30B | 50.51 | ― | 3.27% | 2.42% | -71.02% | |
57 Neutral | ₹6.13B | -469.00 | ― | ― | 22.18% | 99.23% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹6.88B | 40.13 | ― | 2.58% | -7.90% | -43.74% | |
46 Neutral | ₹8.54B | -1.89 | ― | ― | 12.35% | -27.13% | |
45 Neutral | ₹46.03B | -136.28 | ― | ― | -48.53% | 97.63% |
* General Sector Average
IN:NETWORK18
Network18 Media & Investments Limited
29.85
-25.40
-45.97%
IN:NDTV
New Delhi Television Limited
75.71
-37.75
-33.27%
IN:SUNTV
Sun TV Network Limited
472.15
-83.47
-15.02%
IN:TVTODAY
TV Today Network Ltd.
115.25
-31.81
-21.63%
IN:ZEEL
Zee Entertainment Enterprises Limited
107.55
-10.37
-8.79%
IN:ZEEMEDIA
Zee Media Corp. Ltd.
9.36
-3.05
-24.58%
Network18 Media & Investments Limited Corporate Events
Network18 Sets Date and Voting Cut-Off for 31st AGM via Virtual Platform
Aug 19, 2026
Network18 Media Investments Limited, a listed media and entertainment company with significant presence across television and digital platforms, continues to emphasize transparent governance and investor participation through formal market commun...
Exchange Seeks Clarification From Network18 After Surge in Trading Volumes
Jun 5, 2026
The stock of Network18 Media Investments Limited has seen a significant surge in trading volumes, drawing heightened attention from the securities exchange and market participants. In response, the exchange has formally sought updated information...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.