AI Summary
✦ ClarthaSun TV Network is a regional-language television and radio broadcaster. Television channels, including Sun TV, Surya TV, Gemini TV, and Udaya TV, drive core advertising and subscription revenue. SUNNXT adds OTT monetisation, while 24 FM stations and IPL franchises provide supplementary income. Revenue grew 7.8% year-on-year, but no major recent development provides a clear catalyst for acceleration or margin improvement. Profit fell 15.4% despite revenue growth, indicating declining margins and weaker earnings quality. ROE stands at 11.8%, with 0.84 debt-to-equity amplifying financial leverage and its effect on shareholder returns. At 13.3 times earnings, the stock appears discounted versus a company delivering mid-single-digit growth. However, continued margin compression, muted sector advertising, and limited near-term catalysts constrain the outlook.
Valuation Metrics
Trading 18.9% below historical median. Valuation is stable — currently in the strongly undervalued zone (z-score: -1.62). Confidence: 87%.
Live forward EPS implies next-12-month EPS of ₹44.00. Applying the stock's normalized valuation corridor produces a fair range of ₹672.76 to ₹777.92, with base value near ₹716.32 (+48.3% vs current price).
Live forward estimate anchored to the company's historical valuation corridor.
Forward EPS
₹44.00
Forward P/E
11.0x
Base Fair Value
₹716.32
Fair Range
₹672.76 - ₹777.92
Upside To Base
+48.3%
Estimate Source
Live forward EPS
Growth Estimate
-37.4%
5Y Average
14.91
Current
13.21
Overvalued
17.68
Undervalued
15.29
5Y Average
4.95
Current
4.39
Overvalued
5.54
Undervalued
4.07
5Y Average
6.50
Current
5.76
Overvalued
7.27
Undervalued
5.33
Peers & Comparison
Sector: Communication Services · Theme: TV Channels & Broadcasters
| Company | Rev. Growth | Margin | P/E | vs Avg | 52W Perf. |
|---|---|---|---|---|---|
ZEE ENTERTAINMENT ENT LTD ZEELTV Channels & Broadcasters | -7.3% | 3.4% | 32.5x Undervalued | -17% vs avg | -16.6% |
PVR INOX LIMITED PVRINOXTheatres | +10.4% | 6.5% | 40.1x Fair | +3% vs avg | +6.0% |
SAREGAMA INDIA LIMITED SAREGAMAMovies & TV Serials | +27.5% | 21.3% | 45.0x Premium | +15% vs avg | +10.7% |
TIPS MUSIC LIMITED TIPSMUSICMovies & TV Serials | +20.9% | 54.5% | 38.5x Fair | -1% vs avg | +13.7% |
SUN TV NETWORK LIMITED trades at a discount (13.2x vs peer avg 39.0x), suggesting potential undervaluation relative to the Tv Channels & Broadcasters cohort. Peers include ZEE ENTERTAINMENT ENT LTD, PVR INOX LIMITED, SAREGAMA INDIA LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.
Financials
Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.
Latest revenue
₹883 CrMar 2026Latest net profit
₹232 CrMar 2026Latest EPS
₹5.90Mar 2026Net margin
33.2%Mar 2026Performance
Bars show revenue and net profit. The line shows net margin.
- Revenue
- Net income
- Net margin %
Earnings
Revenue is shown in crores. EPS is rupees per share.
- Revenue
- EPS
Revenue to profit conversion
Bridge from operating numbers to profit for the latest reported period.
Latest reported period: Mar 2026
Debt level and coverage
Debt, cash and free cash flow compared on the same crore scale.
- Debt
- Free cash flow
- Cash & equivalents
Results
Sales
₹883 Cr
Net Profit
₹232 Cr
EBITDA
₹424 Cr
EPS
₹5.90
| Metric | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Sales | 942 | 1,290 | 1,300 | 862 | 883 |
| Expenses | 631 | 778 | 919 | 556 | 590 |
| Operating Profit | 311 | 512 | 381 | 306 | 293 |
| OPM % | 32.98% | 39.67% | 29.28% | 35.54% | 33.17% |
| Other Income | 240 | 189 | 140 | 137 | 100 |
| Interest | 4 | 4 | 4 | 3 | 3 |
| Depreciation | 118 | 108 | 404 | 113 | 98 |
| Profit before tax | 477 | 694 | 486 | 436 | 323 |
| Tax % | 22.2% | 23.79% | 27.03% | 25.62% | 27.96% |
| Net Profit | 371 | 529 | 354 | 324 | 232 |
| EPS in Rs | 9.42 | 13.43 | 9.00 | 8.23 | 5.90 |
All values in ₹ Crores unless otherwise stated. Source: Company filings.