Zee Entertainment Enterprises Limited (IN:ZEEL)
:ZEEL
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Zee Entertainment Enterprises Limited
(ZEEL)
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Rating:63Neutral
Price Target:
₹120.00
▲(31.59% Upside)
Action:Reiterated
Date:06/06/26
The score is driven primarily by a financially resilient balance sheet and improved recent cash generation, but it is held back by materially weaker profitability and returns versus prior years. Technicals are supportive with strong momentum and price above key moving averages, while valuation remains a key risk due to the high P/E despite a modest dividend yield.
Positive Factors
Conservative balance sheet
Very low leverage (debt-to-equity ~1%–4%) gives ZEEL durable financial flexibility to invest in content, absorb advertising cyclicality, and pursue strategic M&A or partnerships without stressing liquidity. This conservatism supports resilience through industry cycles and funds long-term content spending.
Negative Factors
Compressed profitability
Sharp margin compression—from double-digit net margins and ~15% EBITDA earlier to low single-digit net margin and ~4% EBITDA—signals deterioration in core profitability. Sustained lower margins impair ROE and free cash flow potential, limiting ability to reinvest in content and compete on quality over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage (debt-to-equity ~1%–4%) gives ZEEL durable financial flexibility to invest in content, absorb advertising cyclicality, and pursue strategic M&A or partnerships without stressing liquidity. This conservatism supports resilience through industry cycles and funds long-term content spending.
Read all positive factors
Zee Entertainment Enterprises Limited (ZEEL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹106.97B
Dividend Yield2.65%
Average Volume (3M)400.26K
Price to Earnings (P/E)39.2
Beta (1Y)1.18
Revenue Growth-2.35%
EPS Growth-60.01%
CountryIN
Employees3,065
SectorConsumer Cyclical
Sector Strength84
IndustryBroadcasting
Share Statistics
EPS (TTM)5.96
Shares Outstanding960,519,400
10 Day Avg. Volume425,631
30 Day Avg. Volume400,262
Financial Highlights & Ratios
PEG Ratio-0.43
Price to Book (P/B)0.59
Price to Sales (P/S)0.86
P/FCF Ratio11.48
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)7.45
Revenue Forecast (FY)₹83.81B
Zee Entertainment Enterprises Limited Business Overview & Revenue Model
Company Description
Zee Entertainment Enterprises Limited (ZEEL), alongside its various subsidiaries, primarily operates in the domain of satellite television broadcasting. The company offers a wide and diverse range of channels, catering to varied linguistic and ent...
How the Company Makes Money
ZEEL primarily makes money through a mix of advertising revenue and subscription/distribution revenue tied to its broadcast and digital content businesses. (1) Advertising: ZEEL sells advertising inventory (commercial spots and sponsorships) acros...
Zee Entertainment Enterprises Limited Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
78
Positive
Cash Flow
62
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 79.57B | 80.99B | 82.94B | 86.37B | 80.88B | 81.83B |
| Gross Profit | 39.60B | 21.80B | 37.77B | 22.54B | 24.66B | 41.38B |
| EBITDA | 10.66B | 3.46B | 12.37B | 7.70B | 8.50B | 17.87B |
| Net Income | 5.72B | 2.71B | 6.79B | 1.41B | 477.90M | 9.65B |
Balance Sheet | ||||||
| Total Assets | 136.80B | 142.16B | 137.34B | 134.50B | 137.28B | 132.40B |
| Cash, Cash Equivalents and Short-Term Investments | 21.15B | 31.93B | 27.47B | 11.93B | 11.67B | 12.92B |
| Total Debt | 2.86B | 2.65B | 3.21B | 2.30B | 2.82B | 763.00M |
| Total Liabilities | 20.95B | 24.87B | 22.01B | 25.77B | 30.06B | 23.77B |
| Stockholders Equity | 115.85B | 117.30B | 115.33B | 108.73B | 107.22B | 108.63B |
Cash Flow | ||||||
| Free Cash Flow | 6.29B | 6.05B | 10.94B | 5.84B | -1.39B | 438.00M |
| Operating Cash Flow | 7.14B | 7.41B | 11.86B | 7.14B | 1.29B | 2.80B |
| Investing Cash Flow | -8.66B | -3.50B | -16.04B | -940.00M | -2.02B | 5.77B |
| Financing Cash Flow | -4.09B | -3.22B | 228.00M | -2.06B | -4.08B | -7.15B |
Zee Entertainment Enterprises Limited Technical Analysis
Positive
91.19
Price Trends
95.81
Positive
89.29
Positive
95.30
Positive
Market Momentum
5.97
Positive
59.45
Neutral
62.13
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ZEEL, the sentiment is Positive. The current price of 91.19 is below the 20-day moving average (MA) of 107.65, below the 50-day MA of 95.81, and below the 200-day MA of 95.30, indicating a bullish trend. The MACD of 5.97 indicates Positive momentum. The RSI at 59.45 is Neutral, neither overbought nor oversold. The STOCH value of 62.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ZEEL.
Zee Entertainment Enterprises Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | ₹202.28B | 14.05 | ― | 2.33% | 7.96% | 55.47% | |
63 Neutral | ₹106.97B | 39.21 | ― | 2.65% | -2.35% | -60.01% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | ₹5.15B | 274.33 | ― | ― | 22.07% | ― | |
51 Neutral | ₹7.49B | 52.33 | ― | 2.22% | -19.31% | -80.89% | |
44 Neutral | ₹50.30B | 32.60 | ― | ― | -69.21% | ― | |
38 Underperform | ₹10.10B | 2.19 | ― | ― | 116.28% | ― |
* Consumer Cyclical Sector Average
IN:ZEEL
Zee Entertainment Enterprises Limited
111.37
-29.42
-20.90%
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Zee Entertainment Enterprises Limited Corporate Events
Zee Entertainment Plans Fundraise, Closes Trading Window Ahead of Board Meet
Jun 25, 2026
Zee Entertainment Enterprises Limited has scheduled a board meeting on July 1, 2026 to further evaluate options for raising capital through the issuance of equity shares or convertible securities via permissible methods such as private placement o...
Zee Entertainment Wins Eight-Year Rights to Broadcast 39 FIFA Tournaments in India
Jun 1, 2026
Zee Entertainment has secured exclusive rights in India to broadcast, stream and distribute a slate of 39 FIFA competitions from 2026 to 2034, including the FIFA World Cup 2026, the FIFA Women’s World Cup 2027 and the FIFA World Cup 2030. Th...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.