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Zee Entertainment Enterprises Ltd (ZEEL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 505537 NSE: ZEEL TV Broadcasting & Software Production | Small Cap | Zee Entertainment Share Price

₹101.55 -2.50 (-2.40%)

As on 28-Aug'26 13:01

Zee Entertainment Enterprises Ltd (ZEEL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 505537 NSE: ZEEL TV Broadcasting & Software Production | Small Cap | Zee Entertainment Share Price

₹101.55 -2.50 (-2.40%)

As on 28-Aug'26 13:01

Key Metrics
Valuation Multiples
Market Cap
₹9,994 Cr.
Current Price
₹101.6
52-Week Low / High
₹68 / 122
TTM EPS
₹2.1
TTM Sales
₹8,181 Cr.
Book Value per Share
₹122.9
P/E Ratio
48.59
Higher than its 5-year historical median
Industry PE
18.9
Price to Book (P/B)
0.85
Lower than its 5-year historical median
Price to Sales (P/S)
1.22
Lower than its 5-year historical median
EV/EBITDA
21.08
Higher than its 5-year historical median
Dividend Yield
1.97%
Profitability Efficiency
Return on Equity (ROE)
2.33%
Outperforms industry median
Return on Capital Employed (ROCE)
2.70%
Outperforms industry median
Return on Assets (ROA)
2.00%
Operating Profit Margin
4.3%
Net Profit Margin
3.35%
Gross Profit Margin
6.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-2.35%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-70.37%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-60.53%
Asset Quality
Promoter Holding
3.99%
Pledged shares (%) of Promoter's holding (%)
5.38%
Reserves
₹11,708 Cr.
Equity
₹96.1 Cr.
Face Value
₹1
All Time Low / High
₹3.45 / 815.00

Zee Entertainment Enterprises stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Undervalued

Price Trend

Semi Strong
Q.1 Is Zee Entertainment Enterprises Ltd a good quality company?
Zee Entertainment Enterprises Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Zee Entertainment Enterprises Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Zee Entertainment Enterprises Ltd vs industry peers?
Zee Entertainment Enterprises Ltd revenue CAGR is 0.94%, compared to the industry median CAGR of -2.11%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Zee Entertainment Enterprises Ltd?
Promoters hold 3.99% of the Zee Entertainment Enterprises Ltd, with 5.38% of their stake pledged, indicating low pledge risk.
Q.1 Stock return of Zee Entertainment Enterprises Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -14.6% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Zee Entertainment Enterprises Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 39.4%27.4%26.8%11%12.8%14.5%5%4.2%8.5%2.7%-
Value Creation
Index
2.51.41.40.00.10.3-0.6-0.7-0.4-0.8-

Growth Parameters

Sales 6,4346,6867,9348,1307,7308,1868,0888,6378,2948,0998,181
Sales YoY Gr.-3.9%18.7%2.5%-4.9%5.9%-1.2%6.8%-4%-2.4%-
Adj EPS 15.814.416.68.19.911.83.43.98.22.92.1
YoY Gr.--9.1%15.3%-51.2%21.8%19.5%-71.3%15.1%110.5%-64.4%-
BVPS (₹) 69.778.892.997.3105113111.5113.1120122.1122.9
Adj Net
Profit
1,5171,3791,5907779461,131324374787281206
Cash Flow from Ops. 7415541352501,5482801297141,161708-
Debt/CF from Ops. 32.88.22.70.300.100.10.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 2.6%0.9%0.1%-2.4%
Adj EPS -17.1%-21.6%-4.8%-64.4%
BVPS6.4%3.1%3.1%1.7%
Share Price -14.9% -9.9% -27.2% -14.1%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
26.419.419.38.59.710.833.572.41.8
Op. Profit
Mgn %
30.231.232.720.223.421.81410.914.44.33.2
Net Profit
Mgn %
23.620.620.19.512.213.744.39.53.42.5
Debt to
Equity
0.30.20.10.1000000-
Working Cap
Days
269316359421445436478452447449267
Cash Conv.
Cycle
106123151215250272310291308307224

Valuation of Zee Entertainment - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *5.385.385.385.385.385.385.385.385.385.38
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales6,4346,6867,9348,1307,7308,1868,0888,6378,2948,099
Operating Expenses + 4,7284,6265,3726,8686,1366,4266,9877,7277,1257,753
Manufacturing Costs3,1943,5084,3585,3973,8665,0945,4814,7434,4754,683
Material Costs-378-932-1,223-1,497-55-983-922395138263
Employee Cost 6046667257728188268241,019927842
Other Costs 1,3081,3831,5122,1961,5071,4881,6031,5701,5861,965
Operating Profit 1,7062,0602,5621,2621,5941,7601,1019111,169346
Operating Profit Margin (%) 26.5%30.8%32.3%15.5%20.6%21.5%13.6%10.5%14.1%4.3%
Other Income + 22445025739711013786130167199
Exceptional Items 1,223135-22-284-127-133-336-278-99-9
Interest 137145130145574470723345
Depreciation 115182235271265221313309279217
Profit Before Tax 2,9012,3192,4359561,2561,499468381926274
Tax 6818418674324634452171822392
Profit After Tax 2,2201,4781,5675257931,054251199687271
PAT Margin (%) 34.5%22.1%19.8%6.5%10.3%12.9%3.1%2.3%8.3%3.4%
Adjusted EPS (₹)23.115.416.35.58.310.00.51.57.12.8
Dividend Payout Ratio (%)10.80%18.80%21.40%5.50%30%29.90%0%68%34.40%70.40%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 6,6907,5618,9229,34110,09110,85910,71910,87311,53311,730
Share Capital 96969696969696969696
Reserves 6,5947,4658,8269,2459,99510,76310,62310,77711,43711,634
Debt +1,8211,1457433501243158176
Long Term Debt1,8211,1457433501243158176
Short Term Debt0000000000
Minority Interest1141411130000-2
Trade Payables8341,1501,4901,6801,3981,3721,7491,4361,1911,467
Others Liabilities 8211,2601,7647611,000698833684442394
Total Liabilities 10,16711,13012,93312,14412,50412,93213,30512,99613,32413,765

Fixed Assets

Net Fixed Assets +8011,3211,2591,2351,1391,1171,3101,155957859
Gross Block1,2211,9012,0832,3962,5392,5562,7802,8702,8632,889
Accumulated Depreciation4205818231,1611,4001,4391,4701,7151,9072,031
CWIP 15692156837587191016
Investments 1,3431,5299773257986535391,1951,275
Inventories1,6962,6283,8515,3485,4036,3867,3086,9136,7756,512
Trade Receivables1,2421,5371,8272,1291,9451,7381,6091,7021,5331,724
Cash Equivalents 2,6131,6121,2227351,0911,2738041,1931,2501,494
Others Assets 2,3162,4123,6412,2902,0522,2662,2211,9841,6141,896
Total Assets 10,16711,13012,93312,14412,50412,93213,30512,99613,32413,765
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 7415541352501,5482801297141,161708
PBT 2,9012,3192,4359561,2561,416261322918274
Adjustment -876-803461,281712325529291242128
Changes in Working Capital -604-855-1715-167681-964-27234274513
Tax Paid -681-830-930-311-501-497-389-240-73-207
Cash Flow From Investing Activity + 1,397-1,050866389-506577-202-48-1,578-299
Capex -270-255-281-145-174-229-256-109-88-155
Net Investments 1,535-6421,017389-377737-115-1,574-173
Others 132-153130145446955478429
Cash Flow From Financing Activity + -414-1,090-966-1,062-541-715-408-27423-339
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0-2942-1012-0200-1
Interest Paid -7-10-5-9-4-5-8-67-30-29
Dividend Paid -261-240-336-408-29-240-2880-96-233
Others -146-547-627-644-508-471-115-206-51-75
Net Cash Flow 1,724-1,58635-423501142-481393-39570
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)38.6320.7419.025.758.1610.062.331.856.142.33
ROCE (%)39.4227.426.8210.9812.814.454.994.28.52.7
Asset Turnover Ratio0.710.630.660.650.630.640.620.660.630.6
PAT to CFO Conversion(x)0.330.370.090.481.950.270.513.591.692.61
Working Capital Days
Receivable Days73.5075.8077.4088.8096.2082.1075.507071.2073.40
Inventory Days85.50118149206.50253.80262.80309300.50301.20299.40
Payable Days-632.70-388.70-394-386.500-514.20-618.201,471.203,470.701,845.60

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Zee Entertainment Enterprises Ltd FAQs

The current trading price of Zee Entertainment on 28-Aug-2026 13:01 is ₹101.5.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 27-Aug-2026 the market cap of Zee Entertainment stood at ₹9,994.2 Cr

The latest P/E ratio of Zee Entertainment as of 27-Aug-2026 is 177.5.

The latest P/B ratio of Zee Entertainment as of 27-Aug-2026 is 0.94.

The 52-week high of Zee Entertainment is ₹121.8 and the 52-week low is ₹68.10.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Zee Entertainment is ₹7,664 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Zee Entertainment Enterprises Ltd is a average quality company.

The key valuation ratios of Zee Entertainment Enterprises Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Zee Entertainment Enterprises Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Zee Entertainment Enterprises Ltd

Zee Entertainment Enterprises Ltd. (ZEEL) is one of India's leading television, media and entertainment companies. It is amongst the largest producers and aggregators of Hindi programming in the world. From giving India its first private satellite TV channel in 1992, to reaching over 1 billion viewers around the world through linear and digital platforms. ZEEL, today, is the global entertainment go-to, with an integrated team creating and serving extraordinary content. The Company has operations in many countries.

Business area of the company

Zee Entertainment Enterprises ltd. is a media and entertainment company engaged in providing broadcasting services. The Company operates through Content and Broadcasting segment. It offers content in multiple languages and offers several international and domestic channels. The Company's brands include Zee TV, Zee Cinema, Zee Action, Zee Classic, Zee Anmol, Zee Cafe, Zee Studio, Zee Salaam, Zing, ETC Bollywood, Zee Q and Zindagi. The Company has a range of offering in the regional language domain with channels, such as Zee Marathi, Zee Talkies, Zee Bangla, Zee Bangla Cinema, Zee Telugu, Zee Kannada, Zee Tamil and Sarthak TV. It high definition offerings include Zee TV HD, Zee Cinema HD, &tv HD, Zee Studio HD, Zee Cafe HD, &pictures HD, Ten 1 HD and Ten Golf HD.

Awards

  • Zee Telefilms was among the ten Indian companies in the Forbes International 200 Small Best Companies selected from among 20,000 small companies worldwide for the year 2001.
  • Zee was awarded 'BSE Award for Maximisation of Shareholders Wealth - 2000'.
  • ZEEL became the only M&E brand to feature among the ‘Top-25 most valued brands’ of the country in a Millward brown study.
  • Won multiple awards in Promax 2019 across channels - ZEE TV, &TV, ZEE Tamil.
  • Won multiple awards in CMO Asia Awards across channels - Zee Talkies, ZEE Cinema, &tv.
  • ZEE Cinema won Global Marketing Excellence award for best use of social media and marketing campaigns.
  • ZEE5 won ‘OTT platform of the year award’ in Promax 2020 OTT Digital Marketing & Innovation Awards.
  • ZEE5 won ‘India’s Most Desired Video Streaming Brand’ by Trust Research Advisory.

Milestones

2007

  • Zee Entertainment Enterprises Limited (ZEE) gets listed as an independent company.

2010

  • Launches Zee Khana Khazana – India's first 24-hour food channel.
  • Launches Zee Salaam - India's first Urdu infotainment satellite television channel
  • Acquires stake in Ten Sports.
  • Launches Ten Cricket - a dedicated 24-hour Cricket Channel.
  • Launches Ten Action+ - sports channel showcasing the best football action from around the world.
  • Launches India.com - Joint Venture between Zee Entertainment Enterprises Ltd. and Mail.com Media Corporation.

2011

  • ZEEL's distribution arm, Zee-Turner Ltd, enters into a 50:50 JV with Star Den Media Services Pvt. Ltd. to form MediaPro Enterprise India Pvt. Ltd.
  • Announces share buyback for an aggregate expendable amount not exceeding 7,000 million.

2012

  • Launches Ditto TV - India's first and only OTT (Over-The-Top TV) Distribution Platform.
  • Launches Ten Golf – India's first and exclusive 24 hour Golf channel.
  • Launches ZeeQ - India's first Kids Edutainment Channel.
  • Launches Zee Alwan – Dedicated 24 Hour Arabic Channel.

2013

  • Launches Zee Anmol.

2015

  • Zee Entertainment Enterprises Ltd (ZEEL) has launched its entertainment channel Zee Hiburan in Indonesia
  • Zee Entertainment Enterprises Ltd - Registered Office of the Company has been shifted from Worli, Mumbai 400 018 to Lower Parel, Mumbai 400 013
  • Zee Entertainment Enterprises has entered into food and lifestyle segment category by introducing its new entertainment channel Living Foodz.

2016

  • ZEE gets board nod for acquisition of Fly By WireInternational Pvt Ltd (FBW).
  • ZEEL enters Philippines with Bollywood movie channel
  • Zee may buy Reliance Broadcast for Rs 2,000 crores
  • Zee acquires 2 TV channels of Reliance Group
  • Zee Launches Zee Marathi HD, Zee Bangla HD and Zee Talkies HD
  • Zee Launches Zee Cinemalu -its Telugu movie channel

2017 

  • Zee Bangla's New Launch 'Bokul Kotha' to break the Stereotypes of Social Values
  • Zee Kannada launches a new fiction show titled 'Vidya Vinayaka'
  • ZEEL becomes the No. 1 Entertainment Network in India
  • Zee Classic partners with the 16th edition of Old World Theatre Festival 2017

2018 

  • Airtel and ZEE Entertainment announce Mega Content Alliance
  • This Spring, ZEE Entertainment announces the launch of ZEE5 ORIGINALS on its digital entertainment platform

2019 

  • ZEE5, a video on demand website run by Zee Entertainment Enterprises, has unveiled a new Progressive Web App (PWA), in order to increase the web reach of the service.
  • ZEE5, a video on demand website run by Zee Entertainment Enterprises, has launched Zee5 Super Family (ZSF), a brand-new innovation.
  • ZEE5, a video on demand website run by Zee Entertainment Enterprises, has partnered with Tata Sky, the content distribution platform, to offer Zee5’s premium content for their subscribers via the Tata Sky Binge platform.

2020

  • Zee Entertainment Enterprises (ZEEL) has launched ‘Zee Plex’ - India’s 1st ‘Cinema2Home’ (C2H) service on Television and Digital platforms.
  • ZEE5, a video on demand website run by Zee Entertainment Enterprises, has associated with JioFiber. JioFiber users will get complimentary premium subscription of the platform.
  • Zee Entertainment Enterprises has launched an initiative ‘Break The Corona Outbreak’ for the well-being of its audiences.
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