Sri Adhikari Brothers Television Network Limited (SABTNL) AI Stock Analysis

• Market Cap: ₹42.02B
• Dividend Yield: N/A
• Average Volume (3M): 749.00
• Price to Earnings (P/E): ―
• Beta (1Y): 0.48
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IN
• Employees: 1
• Sector: Services
• Sector Strength: N/A
• Industry: Broadcasting
• EPS (TTM): 5.56
• Shares Outstanding: 25,373,056
• 10 Day Avg. Volume: 659
• 30 Day Avg. Volume: 749
• PEG Ratio: -0.01
• Price to Book (P/B): -1.37
• Price to Sales (P/S): 2.48
• P/FCF Ratio: 2.60
• 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: 51 Neutral
• Price Target: ₹1,941.00 ▲(11.45% Upside)

The score is held back primarily by weak financial performance (persistent large losses and now negative equity), despite improved debt levels and a recent swing to positive cash flow. Strong technical momentum lifts the score, but valuation remains unattractive due to ongoing losses and no dividend yield data.

Positive Factors

Dramatic debt reduction

The near-elimination of reported debt materially reduces interest burden and refinancing risk, improving short-term liquidity and optionality. Over the next several months this supports operational stability and strategic choices (partnerships, content spend) without heavy leverage constraints.

Positive operating & free cash flow

A swing to positive operating and free cash flow is a structural improvement vs prior years. Consistent cash generation enables internal funding of working capital and reduces dependency on external capital, enhancing resilience if maintained across upcoming quarters.

High gross margin

A ~70% gross margin indicates content/advertising economics that can scale profitably if operating costs are controlled. High margin provides a durable buffer to absorb SG&A and distribution costs and supports pathway to profitability as revenue stabilizes or grows.

Negative Factors

Persistent large operating losses

Sustained, sizable EBITDA and net losses demonstrate the core business is not covering operating fixed costs. This erodes cash reserves and restricts reinvestment in content and distribution, making achieving durable profitability and growth more challenging over the medium term.

Negative shareholders' equity

Negative equity signals capital erosion and weak balance sheet resilience. This structural weakness can limit access to bank financing or favorable supplier terms, increase refinancing risk, and creates longer-term constraints on strategic investments and competitive positioning.

Revenue decline and volatile scale

A drop in revenue following prior growth, coupled with noted volatility in cash flows, implies the company lacks stable demand or monetization consistency. Over 2–6 months this raises execution risk: sustaining margins and converting cash flow into consistent profits may remain uncertain.

Sri Adhikari Brothers Television Network Limited Business Overview & Revenue Model

Company Description

Sri Adhikari Brothers Television Network Limited engages in the content production and distribution businesses in India. The company is also involved in the syndication of content to various broadcasters, aggregators, and satellite networks. It operates MASTIII, a hindi youth and music genre; Dabangg, a hindi general entertainment channel; Dhamaal Gujarat, a youth focused regional channel; Maiboli, a Marathi channel; and Dillagi, a movie channel. The company was founded in 1985 and is based in Mumbai, India.

How the Company Makes Money

Sri Adhikari Brothers Television Network Limited Financial Statement Overview

Summary

Overall financial quality is weak. The company remains deeply loss-making (large negative EBITDA and net income) and equity turned negative, which limits resilience. Offsetting positives include a dramatic reduction in debt and a swing back to positive operating/free cash flow in FY2025, but durability is not yet proven.

Income Statement

Results remain deeply loss-making despite a sharp rebound in scale. In FY2025 revenue fell ~14.8% to ~61.1M (after strong growth in FY2024), while profitability is very weak: gross margin is high (~70.6%) but operating performance is overwhelmed by large costs, with EBITDA around -221.8M and net income around -223.8M. The multi-year pattern shows persistent, sizable net losses (roughly -213M to -250M in several years), indicating the core earnings profile is not yet stabilized.

Balance Sheet

Leverage risk has improved recently, but the capital structure is still fragile. Total debt dropped dramatically to ~0.04M in FY2025 from ~557.0M in FY2024 (and much higher in earlier years), which is a clear positive. However, equity swung to negative in FY2025 (about -110.5M) from positive in FY2024 (~112.9M), weakening balance sheet resilience and limiting financial flexibility despite the lower debt load.

Cash Flow

Cash generation is a relative bright spot but appears volatile. FY2025 operating cash flow and free cash flow were both positive at ~58.1M, a major turnaround from FY2024 when both were about -107.2M. That said, cash flow does not consistently align with the ongoing net losses (losses persist while cash flow swings), and coverage levels shown are modest, suggesting the quality and durability of cash generation still needs to be proven.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	50.48M	61.05M	27.60M	338.00K	502.00K	801.00K
Gross Profit	32.85M	43.09M	-2.06M	-338.00K	-502.00K	-801.00K
EBITDA	-226.64M	-221.84M	-23.60M	-8.46M	-8.41M	-8.46M
Net Income	-242.91M	-223.83M	-212.66M	-212.66M	-212.45M	-249.66M
Balance Sheet
Total Assets	0.00	552.94M	738.76M	1.13B	1.33B	1.55B
Cash, Cash Equivalents and Short-Term Investments	283.11M	283.11M	246.86M	2.19M	887.00K	3.13M
Total Debt	0.00	40.00K	557.04M	1.79B	1.79B	1.79B
Total Liabilities	105.24M	658.18M	620.95M	2.13B	2.12B	2.12B
Stockholders Equity	-105.24M	-110.46M	112.86M	-996.52M	-783.85M	-571.86M
Cash Flow
Free Cash Flow	0.00	58.15M	-107.21M	1.30M	-2.24M	-2.67M
Operating Cash Flow	0.00	58.15M	-107.21M	1.30M	-2.24M	-2.67M
Investing Cash Flow	0.00	-21.87M	447.59M	0.00	0.00	0.00
Financing Cash Flow	0.00	0.00	-95.71M	0.00	0.00	0.00

Sri Adhikari Brothers Television Network Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TVTODAY	65 Neutral	₹7.39B	36.51	―	2.22%	-15.80%	-79.80%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
DHUNINV	55 Neutral	₹6.07B	35.46	―	0.24%	-29.04%	-78.51%
SABTNL	51 Neutral	₹42.02B	-416.17	―	―	―	―
ZEEMEDIA	47 Neutral	₹4.91B	-5.88	―	―	3.58%	18.64%
NDTV	45 Neutral	₹9.23B	-2.16	―	―	19.53%	-138.48%
GTLINFRA	39 Underperform	₹12.94B	-1.46	―	―	2.19%	-7.20%

Sri Adhikari Brothers Television Network Limited Corporate Events

Sri Adhikari Brothers Launches E-Voting Postal Ballot for Shareholder Resolutions

Sri Adhikari Brothers Television Network Limited has initiated a postal ballot process conducted exclusively through remote e-voting to seek shareholders’ approval for a set of ordinary and special resolutions, as approved by its board on 6 January 2026. The company is implementing the process in line with the Companies Act, SEBI Listing Regulations, and recent Ministry of Corporate Affairs circulars, using NSDL’s e-voting platform and electronic circulation of the notice to registered members, underscoring a continued shift toward fully digital corporate governance and shareholder engagement.

Sri Adhikari Brothers Overhauls Board and Management After Postal Ballot Approval

Sri Adhikari Brothers Television Network Limited has announced that shareholders have approved, via postal ballot conducted through e-voting, a comprehensive reshaping of its board and key management. The resolutions passed with the requisite majority include the appointment of Srivatsava Sunkara as Managing Director and Key Managerial Personnel, the appointment of Kiran Kumar Inampudi as Executive (Non-Independent) Director and Chairman, and the induction of three non-executive independent directors: Ramavath Suresh, Sharath Kumar Rekhapalli Naga and Sripal Reddy Molugu. The successful passage of these ordinary and special resolutions formalizes a broad leadership realignment that is likely to influence the company’s governance framework and strategic direction, signaling to stakeholders an emphasis on strengthened oversight and refreshed management at a time when governance standards in listed media companies remain under close scrutiny.

Sri Adhikari Brothers Shareholders Clear Key Postal Ballot Resolutions on Name Change and Governance

Sri Adhikari Brothers Television Network Limited has announced that shareholders have approved several key resolutions via a postal ballot conducted through remote e-voting, including an amendment to the object clause of its Memorandum of Association, a change in the company’s name with related alterations to its constitutional documents, and the appointment of a statutory auditor to fill a casual vacancy. These approvals signal a strategic repositioning of the company’s corporate objectives and brand identity, while also reinforcing its governance framework through the timely appointment of a new auditor, developments that may influence how the company is perceived in the market and how it executes its future business plans.

Sri Adhikari Brothers Faces SEBI Inquiry Over Financial Reporting

The Exchange has requested clarification from Sri Adhikari Brothers Television Network Limited regarding their failure to submit consolidated financial results for the quarter ending September 30, 2025, as required by SEBI regulations. This lack of submission could impact the company’s transparency and compliance standing, potentially affecting investor confidence and market perception.