Zee Entertainment Enterprises Limited (ZEEL) AI Stock Analysis

• Market Cap: ₹97.92B
• Dividend Yield: 2.46%
• Average Volume (3M): 400.26K
• Price to Earnings (P/E): 17.1
• Beta (1Y): 1.56
• Revenue Growth: -4.67%
• EPS Growth: 43.27%
• Country: IN
• Employees: 3,065
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Broadcasting
• EPS (TTM): 0.80
• Shares Outstanding: 960,519,400
• 10 Day Avg. Volume: 425,631
• 30 Day Avg. Volume: 400,262
• PEG Ratio: 0.04
• Price to Book (P/B): 0.85
• Price to Sales (P/S): 1.18
• P/FCF Ratio: 8.92
• 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: Moderate Sell
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: ₹109.00 ▲(10.27% Upside)

Zee Entertainment Enterprises has a solid financial foundation with strong cash flow and a stable balance sheet, which are significant strengths. However, the technical analysis indicates bearish momentum, and the valuation is not particularly compelling. These factors result in a moderate overall stock score.

Zee Entertainment Enterprises Limited Business Overview & Revenue Model

Company Description

Zee Entertainment Enterprises Limited, together with its subsidiaries, engages in broadcasting satellite television channels. The company broadcasts Hindi entertainment channels, such as Zee TV, Zee TV HD, &tv, &tv HD, Zing, BIG Magic, and Zee Anmol; Hindi movie channels comprising Zee Anmol Cinema, Zee Cinema, Zee Action, Zee Classic, &pictures, and Zee Bollywood, as well as Zee Cinema HD and &pictures HD; and regional entertainment channels, including Zee Marathi, Zee Yuva, Zee Bangla, Zee Tamil, Zee Telegu, Zee Kannada, Zee Sarthak, Big Ganga, Zee Talkies, Zee Bangla Cinema, Zee Cinemalu, Zee Marathi HD, Zee Talkies HD, Zee Telugu HD, and Zee Bangla HD. It also broadcasts Zee Café, Zee Café HD, &privé HD, Zee Studio, &flix, &flix HD, and Zee ETC Bollywood channels; ZEE LIVE and Zee Theatre channels; and ZEE5, India.com, TheHealthSite.com, Bollywoodlife.com, and BGR.in for audiences on digital mediums, as well as broadcasts 39 channels in the international markets. In addition, the company operates as a space selling agent for other satellite television channels; and sells media content, which include programs/film rights/feeds/music rights. It has a library housing of approximately 250,000 hours of television content; and rights to approximately 4,800 movie titles. The company has approximately 1.3 billion viewers in 173 countries worldwide. The company was formerly known as Zee Telefilms Limited and changed its name to Zee Entertainment Enterprises Limited in January 2007. Zee Entertainment Enterprises Limited was founded in 1982 and is based in Mumbai, India.

How the Company Makes Money

ZEEL generates revenue through multiple streams, primarily from advertising sales, subscription fees, and content syndication. Advertising revenue comprises a significant portion of its income, as brands pay to promote their products and services on the company's popular television channels and digital platforms. Subscription revenue is derived from viewers paying for access to premium content on ZEE5 and other subscription-based services. Additionally, ZEEL monetizes its vast library of content through syndication deals with other networks and platforms, both domestically and internationally. Strategic partnerships with telecom operators and other digital platforms further enhance its revenue potential, allowing for bundled offerings that attract more subscribers. Furthermore, the company benefits from its extensive distribution network, ensuring its content reaches a broad audience across various platforms.

Zee Entertainment Enterprises Limited Financial Statement Overview

Summary

Zee Entertainment Enterprises demonstrates a strong financial position with a robust balance sheet and impressive cash flow performance. The income statement shows challenges in revenue growth and net profit margins, but operational efficiency and effective cash management are evident. The low leverage and high equity position provide stability, reducing financial risk.

Income Statement

Zee Entertainment Enterprises shows a mixed performance in its income statement. The gross profit margin for the latest period is approximately 45.5%, indicating strong profit generation from revenue. However, the net profit margin has decreased to around 8.2% from previous highs, highlighting challenges in converting revenue into net income. Revenue growth is negative at -4%, suggesting a decline in sales. Yet, the EBIT and EBITDA margins are improving, standing at 11.1% and 14.9% respectively, showing better operational efficiency compared to the previous year.

Balance Sheet

The balance sheet of Zee Entertainment Enterprises demonstrates financial stability with a low debt-to-equity ratio of about 0.03, reflecting minimal reliance on debt. The equity ratio is high at approximately 84%, indicating a strong equity position relative to total assets. Return on equity is modest at around 5.9%, showing reasonable returns on shareholders' investment, but could be improved. Overall, the company's balance sheet is robust with significant equity backing and low leverage risks.

Cash Flow

The cash flow statement indicates strong cash generation capabilities. The free cash flow growth rate is impressive at approximately 87.5%, showing a substantial increase in available cash after capital expenditures. The operating cash flow to net income ratio is 1.75, indicating that the company generates more operating cash flow than net income. The free cash flow to net income ratio is 1.61, suggesting efficient cash management and strong liquidity. The cash flow performance is a significant strength for the company.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	79.88B	82.94B	86.37B	80.88B	81.83B	77.30B
Gross Profit	39.79B	37.77B	22.54B	24.66B	41.38B	28.85B
EBITDA	12.49B	12.37B	7.70B	8.50B	17.87B	15.77B
Net Income	7.05B	6.79B	1.41B	477.90M	9.65B	8.00B
Balance Sheet
Total Assets	136.39B	137.34B	134.50B	137.28B	132.40B	128.19B
Cash, Cash Equivalents and Short-Term Investments	21.93B	27.47B	11.93B	11.67B	12.92B	18.15B
Total Debt	3.06B	3.21B	2.30B	2.82B	763.00M	4.23B
Total Liabilities	19.48B	22.01B	25.77B	30.06B	23.77B	27.11B
Stockholders Equity	116.91B	115.33B	108.73B	107.22B	108.63B	100.95B
Cash Flow
Free Cash Flow	7.08B	10.94B	5.84B	-1.39B	438.00M	13.42B
Operating Cash Flow	7.40B	11.86B	7.14B	1.29B	2.80B	15.48B
Investing Cash Flow	-8.26B	-16.04B	-940.00M	-2.02B	5.77B	-5.06B
Financing Cash Flow	-1.44B	228.00M	-2.06B	-4.08B	-7.15B	-5.41B

Zee Entertainment Enterprises Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 98.85
• 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:ZEEL, the sentiment is Negative. The current price of 98.85 is below the 20-day moving average (MA) of 104.90, below the 50-day MA of 110.97, and below the 200-day MA of 114.23, indicating a bearish trend. The MACD of -3.40 indicates Positive momentum. The RSI at 27.84 is Positive, neither overbought nor oversold. The STOCH value of 14.18 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ZEEL.

Zee Entertainment Enterprises Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SAREGAMA	63 Neutral	₹87.16B	42.63	―	1.00%	26.97%	8.03%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
ZEEL	61 Neutral	₹97.92B	17.11	―	2.46%	-4.67%	43.27%
BALAJITELE	59 Neutral	₹14.55B	15.22	―	―	-39.44%	844.50%
SHEMAROO	51 Neutral	₹3.07B	-2.70	―	―	-2.93%	-50.62%
RADAAN	44 Neutral	₹183.61M	―	―	―	-75.43%	-259.89%

Zee Entertainment Enterprises Limited Corporate Events

Zee Entertainment Releases Q2 FY26 Earnings Call Transcript

Zee Entertainment Enterprises Limited has released the transcript of its Q2 FY26 earnings conference call, which took place on October 16, 2025. The transcript, now available on the company’s website, provides insights into the company’s performance for the quarter and half-year ending September 30, 2025. This release is part of the company’s compliance with SEBI regulations, ensuring transparency and keeping stakeholders informed about its financial and operational status.

Zee Entertainment Releases Conference Call Recording for Q2 2025

Zee Entertainment Enterprises Limited has announced the availability of an audio recording of their recent conference call discussing the company’s performance for the quarter and half year ending September 30, 2025. This move aligns with regulatory requirements and enhances transparency for stakeholders by providing insights into the company’s operational performance and strategic direction.

Zee Entertainment Approves Q2 2025 Financial Results

Zee Entertainment Enterprises Limited announced the approval of its unaudited standalone and consolidated financial results for the quarter and half-year ending September 30, 2025, by the Board of Directors. This approval, following recommendations by the Audit Committee, signifies the company’s compliance with regulatory requirements and showcases its financial performance. The announcement is crucial for stakeholders as it provides insights into the company’s operational health and market positioning.

Zee Entertainment Releases Q2 FY26 Financial Results

Zee Entertainment Enterprises Limited has released its unaudited standalone and consolidated financial results for the quarter and half-year ending September 30, 2025. This announcement is part of the company’s compliance with regulatory requirements and provides stakeholders with insights into its financial performance. The release of these results is expected to impact Zee’s operational strategies and market positioning, offering a clearer picture of its financial health and potential future growth.

Zee Entertainment Wins Favorable Ruling in Service Tax Dispute

Zee Entertainment Enterprises Limited announced that the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has ruled in favor of the company regarding a service tax matter. The tribunal dismissed an appeal by the Commissioner of Service Tax – I, Mumbai, which objected to Zee’s input tax credit utilization. As a result, a tax demand of INR 462 million, previously listed as a contingent liability, has been nullified. This decision is expected to positively impact Zee’s financial position by removing a significant potential liability.

Zee Entertainment Issues Corrigendum for AGM Notice

Zee Entertainment Enterprises Limited has issued a corrigendum to the notice of its 43rd Annual General Meeting, scheduled for September 15, 2025. The corrigendum specifies the proposed remuneration for the Secretarial Auditors for the financial year ending March 31, 2026, as Rs. 4,50,000 plus applicable taxes and expenses. This move underscores the company’s commitment to transparency and good governance, ensuring stakeholders are well-informed. The corrigendum will be widely disseminated through newspapers and made available on the company’s website and the National Securities Depository Limited’s platform.

Zee Entertainment Announces Participation in Investor Conference

Zee Entertainment Enterprises Limited has announced its participation in the ‘Ashwamedh, Elara India Dialogue 2025’ investor conference scheduled for September 3, 2025, in Mumbai. The meeting will be attended by investors and analysts, and the company has clarified that no unpublished price-sensitive information will be disclosed during the event.

Zee Entertainment Announces Virtual AGM and Releases 2024-25 Annual Report

Zee Entertainment Enterprises Limited has announced its 43rd Annual General Meeting (AGM) scheduled for September 15, 2025, to be conducted via video conference. The company has released its Annual Report for the financial year 2024-25, which includes the Business Responsibility and Sustainability Report. The report is available online and has been emailed to shareholders, with physical copies available upon request. This move reflects Zee’s commitment to transparency and sustainability, potentially impacting its stakeholder relations positively.

Zee Entertainment Sets Record Date for FY25 Dividend

Zee Entertainment Enterprises Limited has announced that the record date for determining shareholder eligibility for the dividend payment for the financial year 2024-25 is set for August 29, 2025. This announcement is part of the company’s ongoing efforts to maintain shareholder value and reflects its commitment to rewarding investors, potentially impacting its market positioning positively.