TV Today Network Ltd. (TVTODAY) AI Stock Analysis

• Market Cap: ₹6.85B
• Dividend Yield: 2.22%
• Average Volume (3M): 3.88K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.04
• Revenue Growth: -15.80%
• EPS Growth: -79.80%
• Country: IN
• Employees: 2,552
• Sector: Services
• Sector Strength: N/A
• Industry: Broadcasting
• EPS (TTM): -0.02
• Shares Outstanding: 59,668,617
• 10 Day Avg. Volume: 1,292
• 30 Day Avg. Volume: 3,880
• PEG Ratio: 0.39
• Price to Book (P/B): 1.06
• Price to Sales (P/S): 0.95
• P/FCF Ratio: 8.96
• 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): 6.7
• Revenue Forecast (FY): ₹8.76B

• Rating: 65 Neutral
• Price Target: ₹123.00 ▼(-13.38% Downside)
• Action: Reiterated Date: 10/28/25
• Date: Action: Reiterated 10/28/25

The overall stock score of 65 reflects strong financial performance and stability, which are offset by a lack of strong technical momentum and a relatively high valuation. The absence of earnings call insights and corporate events means these factors did not influence the score.

Positive Factors

Very strong equity position and minimal leverage

A very high equity ratio and almost negligible debt create durable financial flexibility for a media company. This capital structure lowers insolvency risk during ad-cycle downturns, supports strategic investments in content/distribution, and preserves the ability to fund operations without costly external financing over the medium term.

Material improvement in cash generation and free cash flow

Conversion of earnings into cash has strengthened, with free cash flow turning positive and operating cash flow significantly exceeding net income. Sustainable cash generation supports capex for digital growth, funds content production, enables dividend payments or buybacks, and reduces refinancing risk across cycles.

High gross margins and improving operating efficiency

Very high gross margins reflect low incremental costs of content distribution and a scalable model across TV and digital. The rise in EBIT margin signals improved cost control and operating leverage, implying the company can enhance profitability as revenue stabilizes or grows, supporting sustainable earnings power.

Negative Factors

Volatile top-line and earnings growth

Sharp swings in reported revenue and especially EPS indicate business cyclicality or one-off items that undermine earnings predictability. For an ad-driven broadcaster, such volatility complicates long-term planning, budgeting for content investment, and reduces reliability of near-term free cash flow forecasts.

Modest net profitability and scope to improve returns

While gross margins are high, net margins remain modest and ROE is highlighted as needing improvement. Persistent constrained net profitability limits retained earnings for reinvestment, restrains dividend capacity, and may reduce resilience to prolonged ad-revenue pressure versus peers with stronger bottom-line conversion.

Limited public investor communication and corporate event activity

Absence of regular earnings calls and notable corporate events reduces visibility into management's strategic priorities and guidance. Over the medium term this can impede investor understanding of execution, delay market recognition of structural initiatives, and make forecasting the business harder for analysts.

TV Today Network Ltd. Business Overview & Revenue Model

Company Description

T.V. Today Network Limited, together with its subsidiaries, engages in television programming and broadcasting activities in India. The company operates through three segments: Television and Other Media Operations, Radio Broadcasting, and Newspaper Publishing. It operates Aaj Tak, a Hindi news channel and India Today Television, an English news channel. The company also operates three FM radio stations under the ISHQ 104.8 FM brand in Delhi, Mumbai, and Kolkata; and publishes newspapers in Hindi and English languages. The company was incorporated in 1999 and is based in Noida, India. T.V. Today Network Limited is a subsidiary of Living Media India Limited.

How the Company Makes Money

TV Today Network Ltd. generates revenue through multiple streams, primarily from advertising and subscription fees. Advertising revenue constitutes a significant portion of its earnings, as brands invest in advertising slots across its various channels to reach a vast audience. The company also earns from subscription fees, particularly for premium content and specialized channels. Additionally, partnerships with digital platforms enhance its revenue through content syndication and advertising collaborations. Events and sponsorships contribute further to its income, while the growing digital presence allows for additional monetization through online ads and sponsored content.

TV Today Network Ltd. Financial Statement Overview

Summary

TV Today Network Ltd. has shown solid financial performance with strong revenue growth and robust cash generation capabilities. The company maintains a strong balance sheet with low leverage, providing financial stability and flexibility. However, there is room for improvement in net profit margins and return on equity to enhance overall profitability.

Income Statement

TV Today Network Ltd. has shown strong revenue growth with a 4.29% increase from 2024 to 2025. The gross profit margin is high at approximately 84.57% for 2025, indicating efficient production and cost management. However, the net profit margin has slightly decreased to 7.50% in 2025 from 5.92% in 2024, showing a need for improved cost control. The EBIT margin improved significantly to 6.80% in 2025, suggesting better operational efficiency.

Balance Sheet

The company maintains a strong equity position with an equity ratio of 78.64% in 2025, indicating financial stability. The debt-to-equity ratio is low at 0.02, showing minimal leverage and risk. However, return on equity (ROE) has declined to 8.36% in 2025 from 6.50% in 2024, suggesting lower profitability on shareholder investments.

Cash Flow

The company has demonstrated strong free cash flow growth, moving from negative in 2024 to positive in 2025, indicating improved liquidity. The operating cash flow to net income ratio is robust at 1.63 in 2025, showing efficient cash generation from operations. The free cash flow to net income ratio is also strong at 1.41, reflecting good cash profitability.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	8.78B	9.93B	9.52B	8.78B	9.30B	7.83B
Gross Profit	7.41B	8.40B	8.29B	3.94B	5.09B	4.16B
EBITDA	846.80M	1.45B	1.41B	1.65B	2.88B	2.36B
Net Income	305.00M	745.30M	563.80M	882.40M	1.82B	1.31B
Balance Sheet
Total Assets	0.00	11.33B	11.27B	10.73B	14.11B	12.08B
Cash, Cash Equivalents and Short-Term Investments	4.19B	4.19B	4.59B	4.58B	8.10B	4.72B
Total Debt	0.00	206.50M	339.50M	342.40M	318.00M	173.30M
Total Liabilities	-8.91B	2.42B	2.59B	2.44B	2.54B	2.18B
Stockholders Equity	8.91B	8.91B	8.67B	8.28B	11.58B	9.91B
Cash Flow
Free Cash Flow	0.00	1.05B	-38.60M	87.70M	2.09B	1.45B
Operating Cash Flow	0.00	1.22B	151.10M	407.40M	2.35B	1.66B
Investing Cash Flow	0.00	-742.00M	350.00M	3.71B	-2.11B	-1.66B
Financing Cash Flow	0.00	-614.40M	-280.50M	-4.27B	-224.80M	-171.90M

TV Today Network Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 142.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TVTODAY, the sentiment is Negative. The current price of 142 is above the 20-day moving average (MA) of 124.65, above the 50-day MA of 129.21, and below the 200-day MA of 146.30, indicating a bearish trend. The MACD of -2.71 indicates Positive momentum. The RSI at 28.78 is Positive, neither overbought nor oversold. The STOCH value of 24.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:TVTODAY.

TV Today Network Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TVTODAY	65 Neutral	₹6.85B	-1,506.21	―	2.22%	-15.80%	-79.80%
BSL	58 Neutral	₹1.36B	33.72	―	0.51%	-0.22%	-51.08%
DHUNINV	58 Neutral	₹5.43B	-57.61	―	0.24%	-29.04%	-78.51%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
ZEELEARN	55 Neutral	₹1.83B	-22.75	―	―	28.91%	-94.80%
RAJTV	48 Neutral	₹1.91B	1,020.62	―	―	―	―
NDTV	45 Neutral	₹8.83B	-2.37	―	―	19.53%	-138.48%

TV Today Network Ltd. Corporate Events

TV Today Network Announces Completion of Independent Director Rajeev Gupta’s Tenure

TV Today Network Ltd. has announced that the statutory tenure of Mr. Rajeev Gupta as a Non-Executive Independent Director has ended with the close of business on 4 March 2026, leading to his cessation from the board and the Audit Committee. The company has formally recorded this change under SEBI’s listing regulations and expressed appreciation for Gupta’s contributions, signalling a routine board refresh that may precede further governance or committee reconstitution steps.

The cessation follows completion of Gupta’s second term as an Independent Director, with no indication of resignation or other adverse circumstances. While no immediate successor has been named in the notice, the disclosure underscores the company’s adherence to regulatory requirements on board composition and transparency, an issue closely watched by investors and regulators in India’s listed media sector.