TV Today Network Ltd. (TVTODAY) AI Stock Analysis

• Market Cap: ₹6.13B
• Dividend Yield: 2.22%
• Average Volume (3M): 3.88K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.05
• 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: 58 Neutral
• Price Target: ₹107.00 ▼(-24.65% Downside)
• Action: Reiterated Date: 03/17/26
• Date: Action: Reiterated 03/17/26

The score is primarily supported by solid financial performance, especially improved free cash flow and a stable, low-leverage balance sheet. This is materially offset by weak technicals, with the price in a clear downtrend and momentum indicators showing heavy selling pressure. Valuation is mixed: the dividend yield helps, but the negative P/E reduces confidence in earnings-based valuation signals.

Positive Factors

Free cash flow recovery

Recovering free cash flow and a strong operating-cash-to-net-income ratio indicate the company now converts reported profits into durable liquidity. This strengthens the firm's ability to fund content investment, pay dividends or reduce risk from ad-cycle volatility without needing external financing.

Strong balance sheet, low leverage

Very low leverage and a high equity ratio provide long-term financial flexibility, protecting the business during advertising downturns and enabling strategic spending on distribution, technology or M&A. Low debt reduces interest burden and preserves cash flow for operations and content.

High gross margins; improving operating efficiency

Very high gross margins reflect an asset-light media model with low incremental content production costs. The rise in EBIT margin shows the company is extracting operational leverage from revenue, supporting sustainable profitability and cash generation as scale or digital monetization improves.

Negative Factors

Sharp EPS decline

A very large year-over-year EPS decline signals earnings volatility or one-time hits that impair shareholder returns and raise questions about recurring profit quality. Persistent EPS instability can constrain dividend policy and reduce management flexibility for strategic investments.

Modest net profitability

A single-digit net margin limits retained earnings available for growth and makes the business more sensitive to advertising rate pressure or rising content/distribution costs. Modest returns can restrict reinvestment and make it harder to sustainably improve ROE over time.

Revenue tied to ad and news cycles

Heavy reliance on advertising and episodic news-driven audiences creates structural revenue cyclicality. That pattern makes forecasting cash flow harder and can force defensive cost cuts or reduced investment in non‑ad monetization during weak cycles, constraining long-run growth.

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 primarily makes money by monetizing its news content across television and digital platforms. Key revenue streams include: (1) Advertising and sponsorship sales on its television news channels (spot ads, branded segments, show sponsorships, and special-event coverage packages), which typically represent a core earnings driver for broadcast news networks. (2) Subscription/carriage-related income associated with distribution on cable/DTH and other TV platforms, where applicable (e.g., placement and distribution arrangements with platform operators); the exact mix of subscription vs. distribution fees can vary by market and regulation, and any company-specific split is null. (3) Digital advertising and monetization from its websites, apps, and social/video distribution (display/video ads, sponsored content, and platform-led monetization where available). (4) Content/IP monetization and ancillary media activities linked to its news brands (e.g., licensing/repurposing of content and other brand extensions); company-specific material contributions from these items are null. Significant factors influencing earnings generally include viewership/ratings (which impact ad pricing), election/news cycles (which can lift audience and ad demand), the size and quality of distribution footprint, and relationships with advertisers and distribution platforms; any named, material partnership details for TV Today Network are null.

TV Today Network Ltd. Financial Statement Overview

Summary

Strong overall fundamentals supported by solid revenue growth (+4.29% from 2024 to 2025) and improved operating efficiency (EBIT margin up to 6.80%). Cash generation is a key positive, with free cash flow improving from negative in 2024 to positive in 2025 and strong cash conversion (operating cash flow to net income 1.63). Offsetting factors include pressure on profitability metrics, with net margin at 7.50% and a lower ROE (8.36%).

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	8.59B	9.93B	9.52B	8.78B	9.30B	7.83B
Gross Profit	6.31B	8.40B	8.29B	3.94B	5.09B	4.16B
EBITDA	687.20M	1.45B	1.41B	1.65B	2.88B	2.36B
Net Income	202.50M	745.30M	563.80M	882.40M	1.82B	1.31B
Balance Sheet
Total Assets	10.75B	11.33B	11.27B	10.73B	14.11B	12.08B
Cash, Cash Equivalents and Short-Term Investments	935.70M	4.19B	4.59B	4.58B	8.10B	4.72B
Total Debt	167.40M	206.50M	339.50M	342.40M	318.00M	173.30M
Total Liabilities	1.91B	2.42B	2.59B	2.44B	2.54B	2.18B
Stockholders Equity	8.83B	8.91B	8.67B	8.28B	11.58B	9.91B
Cash Flow
Free Cash Flow	-554.20M	1.05B	-38.60M	87.70M	2.09B	1.45B
Operating Cash Flow	-456.80M	1.22B	151.10M	407.40M	2.35B	1.66B
Investing Cash Flow	586.10M	-742.00M	350.00M	3.71B	-2.11B	-1.66B
Financing Cash Flow	-227.20M	-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: Positive

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 119.36, above the 50-day MA of 125.72, and below the 200-day MA of 144.47, indicating a bearish trend. The MACD of -5.27 indicates Positive momentum. The RSI at 18.22 is Positive, neither overbought nor oversold. The STOCH value of 8.63 is Positive, 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	58 Neutral	₹6.13B	-1,506.21	―	2.22%	-15.80%	-79.80%
BSL	58 Neutral	₹1.25B	33.72	―	0.51%	-0.22%	-51.08%
DHUNINV	58 Neutral	₹4.94B	-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	₹1.76B	-22.75	―	―	28.91%	-94.80%
RAJTV	48 Neutral	₹2.01B	1,020.62	―	―	―	―
NDTV	45 Neutral	₹8.26B	-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.