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

• Market Cap: ₹5.06B
• 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: ₹8.00 ▼(-11.41% 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

Multi-platform Distribution

Zee Media's mix of television news channels plus digital properties gives it diversified audience reach and multiple monetization avenues (ads, carriage, digital). This structural distribution breadth supports long-term ad sell-through and audience resilience as consumption shifts across platforms.

Gross Margin

A 42% gross margin indicates enduring efficiency in content production and cost of goods sold. With healthy gross margins, the business has structural capacity to absorb advertising cyclicality and invest in content or digital monetization if operating expenses are controlled over the medium term.

Positive Free Cash Flow

Sustaining positive free cash flow despite net losses shows the firm's ability to generate cash from operations and manage capex. This durable cash generation supports servicing debt, funding strategic initiatives, and provides a buffer during ad-market downturns without immediate capital raises.

Negative Factors

Persistent Net Losses

Recurring net losses and a deep negative margin erode retained earnings and restrict reinvestment capacity. Over months, losses can force cost cutting, limit content investment, and weaken negotiating power with distributors and advertisers, making recovery harder absent sustained revenue improvement.

Declining Revenue

A contracting top line signals structural pressure on audience reach or advertiser demand. Persistent revenue decline reduces operating leverage, strains margins, and undermines the economics of multi-platform distribution unless the company reaccelerates audience growth or diversifies revenue streams.

Eroding Shareholders' Equity

The notable fall in equity weakens the balance sheet cushion, raises leverage risk, and reduces flexibility for acquisitions or investments. Over time diminished equity can increase borrowing costs or force asset sales, constraining the company's ability to execute strategic initiatives.

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. primarily generates revenue by monetizing the audiences of its news channels and digital properties. Its key revenue streams typically include: (1) Advertising sales: Income from selling on-air and digital ad inventory (e.g., spot ads, sponsorships, branded segments, and digital display/video advertising), generally influenced by viewership/traffic, advertiser demand, and the mix of national vs. regional markets. (2) Subscription/carriage-related revenue: Fees linked to distribution of its channels through cable, DTH, and other TV distribution platforms, which may include subscription revenue and/or placement-related arrangements depending on market practices and contractual terms. (3) Other media-related income: This can include content syndication/licensing, event-related revenue, and other ancillary services tied to the news business, where applicable. Significant factors affecting earnings typically include audience ratings and reach, advertising market conditions, distribution agreements with TV platforms/aggregators, and the company’s ability to grow digital consumption and monetize it effectively. Specific details on material partnerships or the exact revenue mix are null.

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: Neutral

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 8.94, above the 50-day MA of 8.63, and below the 200-day MA of 11.20, indicating a bearish trend. The MACD of -0.21 indicates Positive momentum. The RSI at 40.60 is Neutral, neither overbought nor oversold. The STOCH value of 24.11 is Neutral, 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	₹2.63B	12.58	―	―	5.07%	409.07%
ZEEMEDIA	57 Neutral	₹5.06B	2.64	―	―	3.58%	18.64%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
BAGFILMS	53 Neutral	₹1.01B	44.51	―	―	10.86%	249.20%
SAMBHAAV	52 Neutral	₹1.21B	112.13	―	―	-4.53%	-100.15%
RAJTV	48 Neutral	₹2.08B	1,020.62	―	―	―	―
NDTV	45 Neutral	₹8.73B	-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.