Network18 Media & Investments Limited (NETWORK18) AI Stock Analysis

• Market Cap: ₹89.27B
• Dividend Yield: N/A
• Average Volume (3M): 1.66M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.28
• Revenue Growth: -54.18%
• EPS Growth: -211.05%
• Country: IN
• Employees: 5,008
• Sector: Services
• Sector Strength: N/A
• Industry: Broadcasting
• EPS (TTM): 0.97
• Shares Outstanding: 1,542,000,000
• 10 Day Avg. Volume: 353,731
• 30 Day Avg. Volume: 1,662,168
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: ₹55.00
• Price Target Upside: -2.27% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 45 Neutral
• Price Target: ₹55.00 ▼(-2.27% Downside)

The overall stock score of 45 reflects significant financial challenges, including declining revenues, high leverage, and negative cash flow. Technical analysis shows mixed signals with no strong momentum, while valuation metrics are unattractive due to a negative P/E ratio and lack of dividend yield. These factors collectively indicate a need for strategic improvements to enhance financial stability and investor confidence.

Network18 Media & Investments Limited Business Overview & Revenue Model

Company Description

Network18 Media & Investments Limited (NETWORK18) is a leading media and entertainment conglomerate in India. The company operates across multiple sectors, including broadcasting, digital content, publishing, and film production. It owns and operates a diverse portfolio of television channels, digital platforms, and print publications, offering a wide range of content in news, entertainment, and lifestyle. Network18 is part of the larger Reliance Industries Group, which provides it with a strategic advantage in terms of resources and market reach.

How the Company Makes Money

Network18 Media & Investments Limited generates revenue primarily through advertising, subscription fees, and content distribution. The company's television broadcasting segment is a significant revenue driver, earning through advertisements aired on its various channels. Additionally, Network18's digital platforms and websites also attract advertising revenue from brands seeking to reach online audiences. Subscription fees from cable operators and online streaming services contribute to its revenue streams as well. The company also earns from syndication of content, licensing, and partnerships with other media entities. Strategic collaborations and partnerships, including those with international media companies, help expand its content offerings and market presence, further enhancing its revenue potential.

Network18 Media & Investments Limited Financial Statement Overview

Summary

Network18 Media & Investments Limited faces significant financial challenges, with declining revenues and profitability concerns. The high leverage and negative cash flow indicate financial instability, necessitating strategic adjustments to improve operational efficiency and liquidity. While there are some strengths in equity growth, overall, the financial statements reflect a need for careful financial management and potential restructuring to secure long-term viability.

Income Statement

Network18 Media & Investments Limited shows inconsistent revenue trends with a notable decrease in total revenue from 2024 to 2025. The company experienced negative net income in recent years, highlighting profitability challenges. Negative EBIT and EBITDA margins in the latest period indicate operational inefficiencies and a need for cost management improvements. Despite some periods of revenue growth, the overall income statement reflects financial instability.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio, indicating significant leverage and potential financial risk. However, a positive note is the increase in stockholders' equity over the years. The equity ratio remains moderate, reflecting a balance between debt and equity financing. The increasing total liabilities and decreasing cash reserves suggest a focus on managing debt levels and liquidity to ensure financial stability.

Cash Flow

The cash flow statement shows consistent negative free cash flow, indicating cash flow challenges. Operating cash flow to net income ratio is negative, suggesting inefficiencies in converting revenue to cash. The company has faced difficulty in generating positive cash flow from operations, and the recent large negative free cash flow highlights cash management issues. Efforts to improve cash generation and reduce capital expenditures are critical for financial health.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	68.87B	68.88B	92.97B	62.23B	58.15B	46.83B
Gross Profit	20.81B	15.42B	15.99B	30.77B	33.89B	28.99B
EBITDA	-11.48B	-12.95B	328.00M	2.35B	11.54B	8.15B
Net Income	-16.64B	-16.87B	-2.54B	-842.70M	2.08B	322.80M
Balance Sheet
Total Assets	84.98B	84.98B	398.81B	139.84B	91.45B	82.57B
Cash, Cash Equivalents and Short-Term Investments	1.15B	1.15B	80.57B	3.48B	4.63B	3.80B
Total Debt	29.60B	29.60B	81.56B	60.69B	22.84B	25.54B
Total Liabilities	36.89B	36.89B	116.67B	93.89B	45.37B	44.90B
Stockholders Equity	47.43B	47.43B	66.54B	6.75B	7.55B	5.47B
Cash Flow
Free Cash Flow	0.00	-28.11B	-88.69B	-35.36B	4.57B	12.62B
Operating Cash Flow	0.00	-19.12B	-64.65B	-28.04B	6.41B	13.46B
Investing Cash Flow	0.00	13.13B	-51.69B	-7.22B	-2.50B	-848.30M
Financing Cash Flow	0.00	7.20B	11.39B	34.11B	-3.81B	-10.49B

Network18 Media & Investments Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 56.28
• 50DMA: Negative
• 100DMA: Positive
• 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:NETWORK18, the sentiment is Negative. The current price of 56.28 is below the 20-day moving average (MA) of 56.93, below the 50-day MA of 56.97, and below the 200-day MA of 57.16, indicating a bearish trend. The MACD of -0.13 indicates Positive momentum. The RSI at 46.08 is Neutral, neither overbought nor oversold. The STOCH value of 35.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:NETWORK18.

Network18 Media & Investments Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HATHWAY	68 Neutral	₹26.50B	24.67		―	4.19%	11.08%
Sector *	62 Neutral	kr27.31B	3.38	-7.45%	3.46%	6.00%	-93.13%
TVTODAY	61 Neutral	₹8.83B	28.95		5.78%	-14.53%	-69.19%
ZEEMEDIA	48 Neutral	₹7.93B	―		―	―	―
NDTV	46 Neutral	₹8.87B	―		―	21.53%	-307.34%
NETWORK18	45 Neutral	₹89.27B	―		―	-54.18%	-211.05%
DISHTV	43 Neutral	₹9.46B	―		―	-20.42%	70.80%

Network18 Media & Investments Limited Corporate Events

Network18’s Legal Update on Stamp Duty Litigation

Network18 Media & Investments Limited announced the outcome of a pending litigation involving a writ petition filed by TV18 Broadcast Limited, which has since merged with the company. The Delhi High Court has decided not to entertain the petition at this stage, allowing the company to respond to a show cause notice from the Collector of Stamps, Delhi, regarding a stamp duty issue. This decision provides Network18 the opportunity to address the matter further if necessary, potentially impacting its financial obligations and legal strategy.

Network18 Media & Investments Announces AGM Voting Results

Network18 Media & Investments Limited announced the voting results from its 30th Annual General Meeting held on July 3, 2025. All resolutions, including the adoption of the audited financial statements for the fiscal year ending March 31, 2025, were passed with significant shareholder support. The meeting utilized remote e-voting and e-voting during the event, reflecting the company’s commitment to transparent governance practices. This outcome reinforces Network18’s stable operational footing and could positively impact its market positioning and stakeholder confidence.