MarketFriction

Raj Television Network Ltd

NSE RAJTV · BSE 532826 · TV Broadcasting & Software Production
₹10.07 +0.60%
NSE close2026-10-09
52 week range7.70 - 46.90
Market cap₹56.1 Cr.
Price band 5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue from operations23.4539.5416.2025.4335.9342.7221.7316.5715.7616.3921.3214.97
Operating costs22.3439.0914.4643.5334.4341.3826.1815.2214.6815.5020.5315.35
EBITDA1.110.451.74-18.101.501.34-4.451.351.080.890.79-0.38
EBITDA margin %4.73%1.14%10.74%-71.18%4.17%3.14%-20.48%8.15%6.85%5.43%3.71%-2.54%
Depreciation & amortisation0.460.460.130.380.380.380.380.200.200.200.200.20
Finance costs0.640.600.561.181.030.820.750.750.640.610.760.61
Non-operating income0.020.120.210.050.000.190.000.110.000.000.490.00
Pre-tax profit0.03-0.491.26-19.610.090.33-5.580.510.240.080.32-1.19
Effective tax rate %33.33%-6.12%21.43%-13.92%22.22%21.21%-19.71%33.33%33.33%25.00%31.25%-15.13%
Profit after tax0.02-0.460.99-16.880.070.27-4.480.350.170.050.22-1.01
Earnings per share (Rs)0.00-0.090.19-3.250.010.05-0.860.070.030.010.04-0.19
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue from operations82.4561.2161.5762.2059.1678.3169.2684.79106.46125.8270.0568.44
Operating costs77.2153.6551.2448.6747.7765.4657.1678.74101.61144.8465.8366.06
EBITDA5.247.5610.3313.5311.3912.8512.106.054.85-19.024.222.38
EBITDA margin %6.36%12.35%16.78%21.75%19.25%16.41%17.47%7.14%4.56%-15.12%6.02%3.48%
Depreciation & amortisation6.546.626.696.276.856.856.871.641.511.500.800.80
Finance costs4.524.835.435.004.485.884.273.422.524.472.862.62
Non-operating income0.460.851.831.340.290.240.380.660.380.240.600.49
Pre-tax profit-5.36-3.040.043.600.350.361.341.651.20-24.751.16-0.55
Effective tax rate %12.87%57.24%3,525.00%-49.72%94.29%61.11%18.66%32.12%33.33%-15.11%31.90%
Profit after tax-6.05-4.78-1.375.400.010.131.091.130.81-21.010.79-0.57
Earnings per share (Rs)-1.17-0.92-0.261.040.000.030.210.220.16-4.050.15-0.11
Paid out as dividend %-21.45%0.00%0.00%9.61%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Revenue CAGR-2%-2%-6%-41%
Profit CAGR8%32%-21%85%
Share price CAGR-16%-22%-40%-74%
Average return on equity-1%-3%-5%0%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Net block (property, plant)102.7298.58114.06109.23109.90110.27103.8597.62119.84118.46116.95116.12
Capital work in progress0.000.000.000.000.000.000.000.000.000.000.000.00
Investments0.000.000.000.000.000.000.000.000.000.000.000.00
Current & other assets97.47104.8472.8579.8480.8788.6594.4792.1881.5864.9372.6254.55
Total assets200.19203.42186.91189.07190.77198.92198.32189.80201.42183.39189.57170.67
Share capital25.9625.9625.9625.9625.9625.9625.9625.9625.9625.9625.9625.96
Reserves & surplus129.34121.73112.02110.65116.05115.43115.57116.65117.78118.5897.5798.36
Total debt29.6034.2740.7242.5136.0335.3422.8524.2824.8722.9228.4722.36
Other liabilities & provisions15.2921.468.219.9512.7322.1933.9422.9132.8115.9337.5723.99
Equity + liabilities200.19203.42186.91189.07190.77198.92198.32189.80201.42183.39189.57170.67
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating cash flow15.394.46-11.5911.6419.1017.247.543.2630.803.80-5.177.53
Investing cash flow-0.58-2.40-10.55-1.77-6.92-7.17-0.43-0.62-23.800.010.000.23
Free cash flow (after capex)13.272.06-22.319.7812.1610.027.112.616.953.51-5.177.53
Financing cash flow-19.660.0219.00-9.76-11.81-9.87-7.07-2.68-7.01-3.612.91-7.94
Net change in cash-4.862.07-3.130.110.380.200.03-0.05-0.020.21-2.26-0.18
Cash conversion (OCF / EBITDA) %76%183%-153%113%143%154%62%29%496%127%47%169%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Return on capital employed %10.06%-0.46%0.90%3.01%4.80%2.69%3.66%3.37%2.99%2.13%-12.70%2.56%
Receivable days274.57293.33257.01289.65309.49333.47281.34306.50232.4687.67132.60156.26
Inventory days
Payable days
Cash cycle (days)274.57293.33257.01289.65309.49333.47281.34306.50232.4687.67132.60156.26
Working capital days171.70154.68172.45176.60152.10125.31131.77181.7640.4249.1315.1123.92
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoter group %71.42%71.23%71.20%71.01%70.95%70.90%70.88%70.88%70.88%70.88%70.91%70.96%
Foreign investors %0.00%0.00%0.00%0.00%0.05%0.05%0.00%0.00%0.02%0.02%0.02%0.02%
Retail & others %28.57%28.77%28.81%28.99%29.01%29.06%29.12%29.13%29.11%29.10%29.07%29.01%
Shareholder count7,5227,3567,4236,7398,8578,0407,8858,3528,2378,0587,8409,085

Fundamentals

Market value₹ 56.1 Cr.
Last price₹ 10.8
Book value / share₹ 24.0
Return on capital2.56 %
Return on equity0.43 %
Dividend yield0.00 %
Face value₹ 5.00
Revenue CAGR (TTM)-41%
Profit CAGR (TTM)85%
Standalone figures.
Valuation
Market capRs 52 Cr
Enterprise valueRs 74 Cr
Price to book0.42x
Price to sales0.76x
EV / EBITDA25.93x
EV / EBIT35.95x
EV / sales1.09x
Price to cash flow6.94x
Earnings yield-1.09%
P/E, 3-year average287.52x
P/B, 3-year average2.32x
P/E, 5-year average235.45x
P/B, 5-year average1.96x
Profitability
Operating margin (excl. other income)6.02%
Operating margin (incl. other income)6.88%
EBITDA margin4.19%
Pre-tax margin-0.80%
Net profit margin-0.83%
Net margin, latest quarter-6.75%
ROE0.64%
ROCE2.69%
ROA0.44%
ROE, 3-year average-4.83%
ROCE, 3-year average-2.60%
ROA, 3-year average-3.47%
ROE, 5-year average-2.58%
ROCE, 5-year average-0.28%
ROA, 5-year average-1.85%
ROIC (approx.)0.96%
Tax rate31.90%
Other income / net worth0.48%
Growth
Sales growth (latest year)-44.33%
Sales CAGR, 3 years-6.17%
Sales CAGR, 5 years-2.20%
Profit CAGR, 3 years-11.25%
Profit CAGR, 5 years43.46%
Sales growth QoQ-29.78%
Profit growth QoQ-559.09%
Sales growth YoY (latest quarter)-9.66%
Profit growth YoY (latest quarter)-388.57%
Per share
EPS (TTM)Rs -0.11
EPS (latest year)Rs 0.15
EPS (latest quarter)Rs -0.19
EPS, 3-year averageRs -1.25
EPS, 5-year averageRs -0.66
Book value per shareRs 23.95
Sales per shareRs 13.18
Cash flow per shareRs 1.45
Free cash flow per shareRs 1.45
Efficiency
Asset turnover0.41x
Fixed asset turnover0.60x
Debtor days156 days
Debtors turnover2.34x
Cash conversion cycle156 days
Working capital days24 days
Leverage
Total debtRs 22 Cr
Cash and bankRs 0 Cr
Net debtRs 22 Cr
Debt to equity0.18x
Net debt / EBITDA7.71x
Interest coverage0.79x
Owners' fund to total sources72.84%
Debt to assets13.10%
Cash flow
Operating cash flow (latest year)Rs 8 Cr
Investing cash flow (latest year)Rs 0 Cr
Financing cash flow (latest year)Rs -8 Cr
Net change in cash (latest year)Rs -0 Cr
Free cash flow (latest year)Rs 8 Cr
FCFE (approx.: FCF + change in debt)Rs 1 Cr
Sales to cash flow9.30x
Statement figures
Net sales (TTM)Rs 68 Cr
Net sales (latest year)Rs 70 Cr
Sales (latest quarter)Rs 15 Cr
Operating profit excl. other income (latest year)Rs 4 Cr
Operating profit (latest quarter)Rs -0 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 3 Cr
PBDT (TTM)Rs 0 Cr
Profit before tax (TTM)Rs -1 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs -1 Cr
Net profit (latest year)Rs 1 Cr
Net profit (latest quarter)Rs -1 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 3 Cr
Cost of goods sold (latest year)Rs 46 Cr
Total expenditure (latest year)Rs 66 Cr
Total income (latest year)Rs 71 Cr
Share capitalRs 26 Cr
ReservesRs 98 Cr
Shareholders' fundsRs 124 Cr
Total assetsRs 171 Cr
Net blockRs 116 Cr
ReceivablesRs 30 Cr
Other liabilitiesRs 24 Cr
Shares outstanding (crore)5.19
Ownership
Promoter holding70.96% (+0.08 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 0.42 is at the 1th percentile (median 1.62).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodRAJTVNifty 50Difference
1 week-6.8%+0.4% -7.2 pts
1 month+16.6%-4.7% +21.3 pts
3 months-16.2%-7.0% -9.2 pts
6 months-51.2%-6.2% -45.0 pts
1 year-75.7%-9.5% -66.2 pts
2 years-78.9%-12.7% -66.2 pts
3 years-82.0%+14.4% -96.4 pts
5 years-72.4%+25.8% -98.2 pts
Promoter group 70.96%Foreign investors 0.02%Retail & others 29.01% Jun 2026holding %
HolderNowvs last qtrvs 1 yr
Promoter group70.96% +0.05 +0.08
Foreign investors0.02% +0.00 +0.02
Retail & others29.01% -0.06 -0.12
Shareholders9,085+733
Changes in percentage points. Quarter Jun 2026.

Red flags

F-score 7 of 8
explainLow interest cover Interest cover 1.4x in 2026
lookProfit leans on other income Other income was 52% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹15 Cr -9.7% vs Jun 2025. Net loss ₹1 Cr.
Against our estimate for Jun 2026: sales +32.4%, profit -946.4% in line. Our estimate for Sep 2026: sales Rs 15 Cr, profit Rs 0 Cr (how).

Activity

Compare
CompanyMcap (Cr)P/EROCE
Sun TV Network Ltd21,80313.816.4 %
Zee Entertainment Enterprises Ltd7,12134.02.72 %
Hathway Cable & Datacom Ltd1,67622.12.62 %
Den Networks Ltd1,2388.353.23 %
New Delhi Television Ltd777-72.6 %
T.V. Today Network Ltd61922.74.49 %
GTPL Hathway Ltd60776.03.47 %
Zee Media Corporation Ltd4711405.27 %
Aqylon Nexus Ltd434611131 %
Dish TV India Ltd394%
B A G Films & Media Ltd9119.34.58 %
Siti Networks Ltd24%
Crystal Business System Ltd202.54 %
Colorchips New Media Ltd19-8.65 %
Perfect-Octave Media Projects Ltd148.10 %
No bulk or block deals on record.
Ex-dateActionFactor
2024-09-23Annual General Meeting
2023-09-22Annual General Meeting
2022-09-22Annual General Meeting
2021-09-22 Annual General Meeting
2020-09-21 Annual General Meeting
2019-09-19 Dividend - Rs 0.10 Per Share
2018-09-18 Annual General Meeting
2017-09-21 Annual General Meeting
2016-09-21 Annual General Meeting/ Dividend - Re 0.25/- Per Share
2015-09-18Annual General Meeting/Dividend - Re 0.50/- Per Share
2014-09-08Annual General Meeting / Final Dividend - Re 0.25/- Per Share
2014-03-25Bonus 1:1 / Face Value Split From Rs.10/- To Rs.5/-0.2500
2014-02-13Interim Dividend - Re 0.50/- Per Share
2013-09-20Annual General Meeting/Dividend Re 1/- Per Share
2012-07-20Annual General Meeting / Dividend Rs 1 Per Share
2011-09-22Annual General Meeting
2010-09-08Annual General Meeting
2009-09-22Annual General Meeting
2008-09-19Agm/Dividend - 15%
2007-09-17Agm/Final Dividend-10%
DateTypeWhat it says
2026-10-01Director changeChange in Director(s) of the company.
2026-10-01Shareholder meetingVoting results.
2026-09-30Shareholder meetingProceedings of 32nd Annual General Meeting held on September 30, 2026
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-04-30NCLTM/S. Thaicom Public Company Ltd Vs M/s. Raj Television Network Ltd
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Less than 100 unique PAN traded in previous 30 daysScrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Raj Television Network Ltd?

Raj Television Network Ltd (RAJTV) has a market capitalisation of Rs 56.1 Cr. at the 2026-10-09 close.

What were Raj Television Network Ltd's latest quarterly results?

In the Jun 2026 quarter, Raj Television Network Ltd sales was Rs 15 Cr (-9.7% vs Jun 2025) with a net loss of Rs 1 Cr.

What is the 52-week high and low of Raj Television Network Ltd?

The 52-week high is Rs 46.90 and the 52-week low is Rs 7.70.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-09