Zee Media Corp. Ltd. (ZEEMEDIA) AI Stock Analysis

• Market Cap: ₹5.07B
• Dividend Yield: N/A
• Average Volume (3M): 238.23K
• Price to Earnings (P/E): 2.6
• Beta (1Y): 1.63
• Revenue Growth: 3.58%
• EPS Growth: 18.64%
• Country: IN
• Employees: 1,774
• Sector: Services
• Sector Strength: N/A
• Industry: Broadcasting
• EPS (TTM): 0.84
• Shares Outstanding: 625,428,650
• 10 Day Avg. Volume: 141,928
• 30 Day Avg. Volume: 238,234
• PEG Ratio: -0.32
• Price to Book (P/B): 3.73
• Price to Sales (P/S): 1.32
• P/FCF Ratio: 15.55
• 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: 57 Neutral
• Price Target: ₹8.50 ▼(-5.87% Downside)
• Action: Reiterated Date: 02/14/26
• Date: Action: Reiterated 02/14/26

The score is held back primarily by weak financial performance (net losses, declining revenue, shrinking equity) and a negative P/E that reflects unprofitable operations. This is partially offset by strong technical momentum, with the stock trading above key moving averages and a positive MACD, though oscillators suggest it may be getting stretched.

Positive Factors

Positive Free Cash Flow

Zee Media’s positive free cash flow (529.20M in 2025) despite net losses implies the business generates real cash from operations. That sustained cash generation supports working capital, content investment and debt servicing, providing a durable buffer while profitability is being restored.

Healthy Gross Margin

A gross margin of 42.17% indicates the company retains a sizeable portion of revenue after direct costs, reflecting scalable content/distribution economics. Strong gross margins give management room to invest in programming and digital monetization while working to control operating expenses long term.

Moderate Leverage

A debt-to-equity ratio near 0.79 signals moderate leverage rather than excessive financial risk. This balance gives Zee Media access to debt financing for strategic investments, while keeping interest burden manageable—supporting operational continuity and investment capacity over the medium term.

Negative Factors

Persistent Net Losses

Sustained net losses and a -19.20% net margin highlight structural profitability issues. Ongoing losses erode retained earnings, constrain reinvestment capacity and make the business reliant on cash reserves or external financing until operating margins and revenue mix are improved.

Revenue Decline

Declining top-line from 6.39B to 6.22B signals pressure in advertising/distribution income. Persistent or recurring revenue erosion undermines leverage on fixed costs, slows scale benefits in digital transition, and makes margin recovery more difficult without structural audience or monetization gains.

Shrinking Shareholders' Equity

A fall in shareholders' equity reduces financial resilience and limits capacity to absorb shocks. Diminishing equity can constrain borrowing terms, raise refinancing risk, and signals that cumulative losses are depleting capital, making long-term strategic investments and M&A more difficult.

Zee Media Corp. Ltd. Business Overview & Revenue Model

Company Description

Zee Media Corporation Limited engages in the broadcasting of satellite television channels in India. The company also sells television programs and contents; and provides advertisement and subscription services. It serves approximately 190 million viewers through 14 news channels in 8 languages, including 1 global English news channel under the WION name; 3 national news channels comprising Zee News, Zee Hindustan, and Zee Business; 10 regional news channels, such as Zee 24 Taas, Zee Punjab Haryana Himachal, Zee Madhya Pradesh Chattisgarh, Zee Rajasthan, Zee Odisha, Zee Bihar Jharkhand, Zee Salaam, Zee 24 Kalak, and Zee Uttar Pradesh Uttarakhand; and Zee 24 Ghanta. The company also operates 19 digital news platforms in 12 languages, including zeenews.com/hindi, zeenews.com, zeehindustan.in, wionews.com, zeesalaam.in, zee24taas.in, zee24ghanta.com, zeephh.com, zeempcg.com, zeerajasthan.com, zeeodisha.tv, zeebiharjharkhand.com, zee24kalak.in, zeeupuk.com, zeehindustantamil.in, zeebiz.com, zeehindustantelugu.in, zeehindustankannada.in, and zeehindustanmalayalam.in, as well as operates Zee News, Zee Business, and WION apps serving approximately 450 million users. The company was formerly known as Zee News Limited and changed its name to Zee Media Corporation Limited in July 2013. Zee Media Corporation Limited was incorporated in 1999 and is based in Noida, India.

How the Company Makes Money

Zee Media Corp. Ltd. generates revenue through multiple streams, primarily advertising sales, subscription fees, and digital content monetization. The advertising revenue is substantial, as businesses pay to promote their products and services across ZEEMEDIA's television channels and digital platforms, taking advantage of the company's large viewer base. Subscription fees from cable and satellite operators also contribute to earnings, as these operators pay for access to ZEEMEDIA's channels. Additionally, the company engages in partnerships with various content providers and advertisers, enhancing its revenue potential through sponsored content and collaborations, thereby diversifying its income sources.

Zee Media Corp. Ltd. Financial Statement Overview

Summary

Financials are pressured by persistent net losses (net margin -19.20% in 2025) and declining revenue (-2.56% YoY). Positives include a solid gross margin (42.17%), moderate leverage (debt-to-equity 0.79), and still-positive free cash flow (529.20M in 2025) despite declining from 2024.

Income Statement

Zee Media's income statement shows considerable volatility and challenges in profitability. The company's gross profit margin for 2025 stood at 42.17%, indicating efficiency in managing production costs. However, a net loss has been reported in recent years, highlighted by a net profit margin of -19.20% in 2025. Revenue has declined from 6.39 billion in 2024 to 6.22 billion in 2025, showing a negative growth rate of -2.56%. The lack of positive earnings before interest and taxes (EBIT and EBITDA margins) further reflects the company's struggle to manage operating expenses effectively.

Balance Sheet

The balance sheet indicates a mixed financial position. Zee Media has a debt-to-equity ratio of 0.79 in 2025, suggesting moderate leverage. However, a decrease in stockholders' equity from 2.89 billion in 2024 to 2.21 billion in 2025 raises concerns about diminishing financial stability. The equity ratio is 25.07% for 2025, which shows a reasonable level of equity financing but highlights potential risks if liabilities continue to increase.

Cash Flow

Although Zee Media has reported a decline in free cash flow from 616.71 million in 2024 to 529.20 million in 2025, it still maintains a positive operating cash flow. The cash flow from operations to net income ratio was negative due to net losses, but the free cash flow remains a positive indicator in the context of ongoing profitability challenges. The company shows resilience in managing capital expenditures, as seen in the free cash flow to net income ratio.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	6.28B	6.22B	6.38B	7.21B	8.67B	6.49B
Gross Profit	3.17B	2.62B	4.86B	2.18B	7.37B	5.62B
EBITDA	-140.90M	-184.80M	-196.82M	481.05M	463.86M	2.11B
Net Income	-1.18B	-1.19B	-984.24M	-688.03M	-1.18B	757.41M
Balance Sheet
Total Assets	0.00	8.80B	9.68B	8.73B	9.72B	11.05B
Cash, Cash Equivalents and Short-Term Investments	142.20M	142.20M	90.10M	413.80M	270.35M	819.59M
Total Debt	0.00	1.74B	2.46B	1.99B	2.44B	3.66B
Total Liabilities	-2.21B	6.60B	6.79B	4.85B	5.16B	5.73B
Stockholders Equity	2.21B	2.21B	2.89B	3.87B	4.56B	5.32B
Cash Flow
Free Cash Flow	0.00	529.20M	616.71M	384.71M	1.32B	787.80M
Operating Cash Flow	0.00	635.30M	769.44M	1.46B	2.30B	1.23B
Investing Cash Flow	0.00	-73.00M	145.92M	-976.82M	-1.66B	-435.51M
Financing Cash Flow	0.00	-483.20M	-923.39M	-933.12M	-1.20B	-289.78M

Zee Media Corp. Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 9.03
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ZEEMEDIA, the sentiment is Negative. The current price of 9.03 is above the 20-day moving average (MA) of 9.00, above the 50-day MA of 8.69, and below the 200-day MA of 11.27, indicating a bearish trend. The MACD of -0.17 indicates Positive momentum. The RSI at 39.65 is Neutral, neither overbought nor oversold. The STOCH value of 18.55 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ZEEMEDIA.

Zee Media Corp. Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
UFO	70 Outperform	₹2.61B	12.58	―	―	5.07%	409.07%
SAMBHAAV	58 Neutral	₹1.33B	112.13	―	―	-4.53%	-100.15%
ZEEMEDIA	57 Neutral	₹5.07B	2.64	―	―	3.58%	18.64%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
BAGFILMS	53 Neutral	₹1.04B	44.51	―	―	10.86%	249.20%
RAJTV	48 Neutral	₹1.91B	1,020.62	―	―	―	―
NDTV	45 Neutral	₹8.83B	-2.37	―	―	19.53%	-138.48%

Zee Media Corp. Ltd. Corporate Events

Zee Media Closes Trading Window Ahead of Q3 FY26 Results

Zee Media Corporation Limited has announced that its trading window for dealings in the company’s equity shares will be closed from January 1, 2026, until 48 hours after the declaration of its unaudited financial results for the third quarter and nine months ended December 31, 2025, in accordance with SEBI’s Prohibition of Insider Trading Regulations and its internal code of conduct. This routine compliance step is intended to prevent insider trading ahead of the results announcement and signals that the company is preparing to release its Q3 and nine‑month financial performance for FY 2025-26, with the exact date of the board meeting for approving these results to be communicated later.