MEDIA &

ENTERTAINMENT
Growth Drivers of M&E sector in
India

Rising Income Investments Government

Rising incomes The Government initiatives
and evolving of India increased The Government
lifestyles, leading the FDI limit from will formulate a
to higher demand 74% to 100% plan to increase
Globally, India is the for aspirational Investment of media and
largest consumer of products and around INR 3,345 entertainment
services crore envisaged export to US$ 10
mobile data and the in the sector over billion in the
second-largest television 4 years creating next five years
market additional
employment of
more than 40
thousand people
Forecast
India’s Entertainment & Media industry
is expected to reach INR 4,30,401Cr by
2026 at 8.8% CAGR

Contribution to GDP
The Media & Entertainment sector
remains underpenetrated and accounts
for less than 0.9% of GDP, compared to 3
to 4% for many of the developed
countries

Internet Users
India internet users are expected to
reach 900 million by 2025, from ~622
million internet users in 2020,
increasing at a CAGR of 45% until
2025

Budget Allocation
For 2023–24, the Ministry of
FDI inflow into Information and Broadcasting
Information and Broadcasting would
receive Rs 4,692 crore, an increase sector
from Rs 4,182 crore the previous year (US$ billion)

5G Spectrum
In August 2022, the Government of
India auctioned India’s 5G spectrum
which was valued at Rs. 1,50,173 crore
(US$ 18.82 billion)
 Industry Analysis
20

15
(in Cr. ₹)

10

0
ZEE Network 18 NDTV SunTV DishTV PVR

Promoter's Holding: Valuation:

PVR
NW18 DISHTV
NDTV SUNTV
ZEE
SUNTV

DISHTV
NDTV Network18
PVR

ZEE
RISK
0 25 50 75

ROE: Pledge Percentage:

50
100
40

30
75
20

10
50
0

-10
25
-20

-30

-40 0
NW18 NDTV SUNTV DISHTV PVR ZEE ZEE Network 18 NDTV SunTV DishTV PVR

P/E Ratio: Debt to Equity:

5
75

50 3

2
25
1

0 0
NW18 NDTV SUNTV DISHTV PVR ZEE ZEE Network 18 NDTV SunTV DishTV PVR
 Company Analysis:
PRODUCTS: FINANCIALS:
2
Entertainment
EPS GROWTH:
1

(in ₹)
-1

-2

News
-3
FY-18 FY-19 FY-20 FY-21 FY-22

KEY FACTORS:
1,000
Mkt Cap: ₹6,104 Crores
P/E Ratio: 75
750 ROCE: 33.8%
(in crore ₹)

Digital PAT:
ROE: 32.0%
500 Face Value: 5₹
Debt: ₹3,033 Crores
Last 5years CAGR: 23.6%
250
Pledge percentage: 0%

Infotainment -250 FACTS:

SHARE-H FY-18 FY-19 FY-20 FY-21 FY-22

O
LD

Public
ING

18.86%
CEO:
S

Fiis & Diis

5.56%, 1% RAGHAV BAHL
Promotors Network18 is ranked #2 by reach (UVs) and
75.0%
#3 by page views amongst Indian media.

~200 mn Unique Visitors (UVs): >1 in 3 internet users in

India are on Network18 properties

Leading Media company in India with largest bouquet of

channels (56 domestic channels and 16 international
beams), and a substantial digital presence.