Next Mediaworks Limited (NEXTMEDIA) AI Stock Analysis

• Market Cap: ₹325.77M
• Dividend Yield: N/A
• Average Volume (3M): 2.75K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.68
• Revenue Growth: -67.89%
• EPS Growth: N/A
• Country: IN
• Employees: 45
• Sector: Services
• Sector Strength: N/A
• Industry: Broadcasting
• EPS (TTM): -0.15
• Shares Outstanding: 66,892,910
• 10 Day Avg. Volume: 1,284
• 30 Day Avg. Volume: 2,747
• PEG Ratio: >-0.01
• Price to Book (P/B): -1.69
• Price to Sales (P/S): 1.39
• P/FCF Ratio: -36.70
• 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: 48 Neutral
• Price Target: ₹5.00 ▼(-14.97% Downside)
• Action: Reiterated Date: 02/19/26
• Date: Action: Reiterated 02/19/26

The score is primarily weighed down by very weak financial performance, including persistent losses, negative equity, and negative operating/free cash flow. Technical indicators are mixed with only modest near-term improvement, and while the P/E appears extremely low, valuation support is limited by the company’s stressed fundamentals and lack of dividend data.

Positive Factors

Access to Capital Markets

Listing on the NSE gives Next Mediaworks persistent structural access to public equity and debt markets, supporting potential recapitalizations or fundraises. Over 2-6 months this improves financing optionality versus private peers if management pursues liquidity or restructuring.

Lean Cost Base

A small headcount (45 employees) suggests a lean operating model with lower fixed payroll burden. This structural cost advantage can preserve cash burn, enable quicker reallocation toward high-return initiatives, and increase runway while management works on turnaround actions.

Lower Market Volatility

A beta around 0.68 indicates the company historically exhibits lower sensitivity to broader market swings. For long-term stakeholders, this may reflect more stable operational exposure and can reduce financing stress during market-wide volatility, aiding planning and negotiations.

Negative Factors

Negative Equity / Insolvency Risk

The balance sheet shows negative stockholders' equity, a structural solvency concern that limits the firm's ability to absorb further losses. This chronic capital deficiency constrains access to new credit, increases creditor scrutiny, and requires decisive recapitalization to restore financial health.

Poor Cash Generation

Consistent negative operating and free cash flows indicate the business cannot internally fund operations or investments. This persistent cash shortfall forces reliance on external financing, elevates refinancing risk, and restricts the company's ability to invest in content or distribution to drive recovery.

Persistent Losses and Revenue Decline

Repeated negative EBIT and net income alongside recent revenue declines point to structural profitability and demand issues. Without sustained revenue growth or meaningful margin improvement, losses will likely continue, undermining long-term viability and making turnaround execution more difficult.

Next Mediaworks Limited Business Overview & Revenue Model

Company Description

Next Mediaworks Limited, through its subsidiary, engages in radio broadcasting in India. It operates FM stations under the Radio One brand in Delhi, Mumbai, Chennai, Kolkata, Bangalore, Pune, and Ahmedabad. The company was formerly known as Mid-Day Multimedia Limited and changed its name to Next Mediaworks Limited in April 2011. Next Mediaworks Limited was incorporated in 1981 and is based in Mumbai, India. Next Mediaworks Limited is a subsidiary of HT Media Limited.

How the Company Makes Money

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Next Mediaworks Limited Financial Statement Overview

Summary

Financial statements indicate severe weakness: persistent losses (negative EBIT and net income), negative stockholders’ equity (insolvency risk), and negative operating/free cash flow, pointing to poor profitability, high financial distress, and limited internal cash generation.

Income Statement

Next Mediaworks Limited has faced significant challenges in terms of profitability, as evidenced by negative EBIT and net income over multiple years. The net profit margin is negative, indicating recurring losses. Revenue has shown volatility, with a recent decline compared to the previous year, highlighting unstable revenue growth. Overall, the income statement reflects a struggling company with substantial profit issues.

Balance Sheet

The balance sheet reveals a concerning financial structure with negative stockholders' equity, suggesting insolvency. The debt-to-equity ratio is not meaningful due to negative equity, but high total debt levels present financial risk. The company's equity ratio is negative, further highlighting financial instability. Overall, the balance sheet indicates severe financial distress and high leverage.

Cash Flow

The cash flow statement shows negative operating and free cash flows, indicating challenges in generating cash from operations. The free cash flow growth rate has been inconsistent, with recent declines. Additionally, the operating cash flow to net income ratio is negative, reflecting inefficiencies in converting income into cash. Overall, the cash flow position is weak, with insufficient internal cash generation.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	212.80M	303.30M	383.70M	362.50M	256.60M	194.90M
Gross Profit	17.60M	36.20M	44.60M	207.90M	101.60M	42.10M
EBITDA	21.10M	12.40M	-95.50M	28.50M	-55.20M	-174.70M
Net Income	669.00M	636.00M	-221.80M	-141.50M	-170.20M	-214.70M
Balance Sheet
Total Assets	0.00	96.80M	788.60M	919.70M	1.01B	1.02B
Cash, Cash Equivalents and Short-Term Investments	900.00K	900.00K	99.30M	34.40M	83.40M	17.10M
Total Debt	0.00	344.30M	2.13B	1.88B	1.58B	1.36B
Total Liabilities	249.90M	346.70M	2.23B	1.98B	1.82B	1.53B
Stockholders Equity	-249.90M	-249.90M	-878.80M	-657.50M	-515.10M	-346.20M
Cash Flow
Free Cash Flow	0.00	-11.50M	15.30M	-27.80M	-112.50M	-131.70M
Operating Cash Flow	0.00	-10.40M	17.90M	-6.80M	-105.90M	-131.10M
Investing Cash Flow	0.00	-23.20M	-22.80M	31.80M	-48.40M	10.00M
Financing Cash Flow	0.00	-33.10M	46.70M	-24.00M	171.10M	122.40M

Next Mediaworks Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 5.88
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NEXTMEDIA, the sentiment is Negative. The current price of 5.88 is above the 20-day moving average (MA) of 5.57, above the 50-day MA of 5.63, and below the 200-day MA of 6.34, indicating a bearish trend. The MACD of -0.22 indicates Positive momentum. The RSI at 38.75 is Neutral, neither overbought nor oversold. The STOCH value of 7.04 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:NEXTMEDIA.

Next Mediaworks Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DHRUV	56 Neutral	₹576.39M	-0.73	―	0.42%	-9.83%	-5.90%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
BAGFILMS	53 Neutral	₹967.82M	44.51	―	―	10.86%	249.20%
DGCONTENT	52 Neutral	₹1.43B	-6.54	―	―	4.81%	17.58%
RADIOCITY	49 Neutral	₹1.97B	15.77	―	―	-12.75%	-809.36%
NEXTMEDIA	48 Neutral	₹325.77M	-9.73	―	―	-67.89%	―