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Raj Television Network Ltd (RAJTV)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532826 NSE: RAJTV TV Broadcasting & Software Production | Small Cap | Raj TV Network Share Price

₹14.01 -0.73 (-4.95%)

As on 04-Jun'26 16:59

Raj Television Network Ltd (RAJTV)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532826 NSE: RAJTV TV Broadcasting & Software Production | Small Cap | Raj TV Network Share Price

₹14.01 -0.73 (-4.95%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹73 Cr.
Current Price
₹14
52-Week Low / High
₹14 / 49
TTM EPS
₹0.2
TTM Sales
₹70.1 Cr.
Book Value per Share
₹15.4
P/E Ratio
91.95
Higher than its 5-year historical median
Industry PE
19.7
Price to Book (P/B)
0.91
Lower than its 5-year historical median
Price to Sales (P/S)
1.04
Lower than its 5-year historical median
EV/EBITDA
19.76
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
-23.39%
Underperforms industry median
Return on Capital Employed (ROCE)
-17.56%
Underperforms industry median
Return on Assets (ROA)
-11.18%
Operating Profit Margin
-15.1%
Net Profit Margin
-16.7%
Gross Profit Margin
-18.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
18.19%
Operating Profit Growth (1 Year)
-
-492.37%
Net Profit Growth (1 Year)
-
-2693.83%
Asset Quality
Promoter Holding
70.91%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹54 Cr.
Equity
₹26 Cr.
Face Value
₹5
All Time Low / High
₹7.40 / 165.05

Raj Television Network stock performance

Key Ratios
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M-Cap below 100cr DeciZen not available

Q.1 Is Raj Television Network Ltd a good quality company?
Raj Television Network 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 Raj Television Network Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Raj Television Network Ltd vs industry peers?
Raj Television Network Ltd revenue CAGR is 16.29%, 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 Raj Television Network Ltd?
Promoters hold 70.91% of the Raj Television Network Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Raj Television Network Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -11.8% based on the current price.

10 Year X-Ray : Login to view analysis.

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.
Raj Television Network 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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -0.6%1.4%4.1%6.4%3.6%4.7%4.3%4%3%-17.6%-
Value Creation
Index
-1.0-0.9-0.7-0.5-0.7-0.7-0.7-0.7-0.8-2.3-

Growth Parameters

Sales 82.561.261.662.259.278.369.384.810612670
Sales YoY Gr.--25.8%0.6%1%-4.9%32.4%-11.6%22.4%25.6%18.2%-
Adj EPS -1.2-0.9-0.31-000.20.20.1-4.10.2
YoY Gr.-NANANA-100%NA533.3%10.5%-33.3%-2992.9%-
BVPS (₹) 19.918.117.818.818.718.81919.219.315.315.4
Adj Net
Profit
-6.1-4.8-1.55.4-00.111.10.7-211
Cash Flow from Ops. 4.5-11.611.719.117.27.53.330.83.8-5.2-
Debt/CF from Ops. 7.7-3.53.71.92.14.69.30.86-5.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 4.8%16.3%22%18.2%
Adj EPS NANA-377.3%-2992.9%
BVPS-2.9%-4%-6.9%-21%
Share Price -13.2% -19.1% -34.2% -68.2%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-4.1-3.4-1.13.9-00.10.70.80.5-15.71
Op. Profit
Mgn %
6.412.916.821.819.316.417.57.14.6-15.15.9
Net Profit
Mgn %
-7.5-7.8-2.58.6-00.21.41.30.7-16.71.1
Debt to
Equity
0.30.40.50.40.40.40.30.30.20.40.1
Working Cap
Days
43150543645249440447536824719988
Cash Conv.
Cycle
313339285299307240299173948014

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales82.4561.2161.5762.2059.1678.3169.2684.79106.46125.82
Operating Expenses + 77.2053.5051.2448.6647.7765.4657.1678.74101.61144.85
Manufacturing Costs44.2921.8419.6520.7416.5742.3735.7150.7880.18118.76
Material Costs0000000000
Employee Cost 17.6318.3417.5915.9114.2110.5611.4112.0112.4011.44
Other Costs 15.2813.321412.0116.9912.5210.0515.959.0214.65
Operating Profit 5.247.7110.3413.5411.3812.8512.106.054.85-19.03
Operating Profit Margin (%) 6.4%12.6%16.8%21.8%19.2%16.4%17.5%7.1%4.6%-15.1%
Other Income + 0.460.851.831.340.290.240.380.660.380.24
Exceptional Items 0000000000
Interest 4.524.985.4354.485.884.273.422.524.47
Depreciation 6.546.626.696.276.856.856.871.641.511.50
Profit Before Tax -5.36-3.050.043.600.340.361.341.651.20-24.76
Tax 0.691.741.41-1.790.330.230.250.530.40-3.74
Profit After Tax -6.05-4.78-1.375.400.010.131.091.130.81-21.01
PAT Margin (%) -7.3%-7.8%-2.2%8.7%0.0%0.2%1.6%1.3%0.8%-16.7%
Adjusted EPS (₹)-1.2-0.9-0.31.00.00.00.20.20.2-4.1
Dividend Payout Ratio (%)-21.50%0%0%9.60%0%0%0%0%0%0%

Valuation of Raj TV Network - Standalone

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!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 147.68137.98136.61142141.39141.52142.61143.73144.54123.53
Share Capital 25.9625.9625.9625.9625.9625.9625.9625.9625.9625.96
Reserves 121.73112.02110.65116.05115.43115.57116.65117.78118.5897.57
Debt +33.4436.3236.3927.7725.8022.8524.2820.2119.2726.10
Long Term Debt3.1728.5724.2317.4312.6710.1511.337.406.3012.99
Short Term Debt30.277.7512.1610.3413.1412.7012.9512.8212.9713.11
Minority Interest0000000000
Trade Payables8.210.372.971.475.835.234.2526.486.0522.61
Others Liabilities 14.0810.6312.9017.2623.6726.3419.5712.3714.7819.05
Total Liabilities 203.41185.30188.87188.51196.70195.94190.71202.80184.65191.29

Fixed Assets

Net Fixed Assets +98.58114.06109.23109.90110.27103.8597.62119.84118.46116.95
Gross Block148.84170.38171.74178.17185.40185.83186.47210.33210.45210.45
Accumulated Depreciation50.2656.3262.5268.2875.1381.9888.8590.4991.9993.50
CWIP 0000000000
Investments 0000000000
Inventories10.893.145.070.520.730.664.9609.880
Trade Receivables66.2643.1048.8652.7454.0560.3658.165425.5745.71
Cash Equivalents 4.941.811.912.292.492.532.482.462.670.41
Others Assets 22.7423.1923.8023.0629.1528.5527.4826.5028.0728.22
Total Assets 203.41185.30188.87188.51196.70195.94190.71202.80184.65191.29

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 4.46-11.5911.6419.1017.247.543.2630.803.80-5.17
PBT -5.36-3.050.043.600.340.361.341.651.20-24.76
Adjustment 11.0711.2812.0411.2511.2811.4110.714.663.885.29
Changes in Working Capital 3.88-19.83-0.434.515.92-3.86-8.5323.661.0910.5
Tax Paid -5.1200-0.26-0.30-0.37-0.250.82-2.373.80
Cash Flow From Investing Activity + -2.40-10.55-1.77-6.92-7.17-0.43-0.62-23.800.010
Capex -2.40-10.55-1.77-6.92-7.17-0.43-0.62-23.800.010
Net Investments 0000000000
Others 000-00000-00
Cash Flow From Financing Activity + 0.0219-9.76-11.81-9.87-7.07-2.68-7.01-3.612.91
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 7.6525.40-4.33-6.81-4.76-2.511.18-3.93-1.106.69
Interest Paid -4.52-4.83-5.43-5-4.48-4.56-3.86-3.08-2.51-3.78
Dividend Paid -3.11-1.5600-0.6300000
Others -0-000-000000
Net Cash Flow 2.07-3.130.110.380.200.03-0.05-0.020.21-2.26

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-5.64-4.85-1.475.670.010.141.111.140.81-23.39
ROCE (%)-0.61.424.066.43.624.724.34.013.01-17.56
Asset Turnover Ratio0.410.310.330.330.310.40.360.430.550.67
PAT to CFO Conversion(x)N/AN/AN/A3.541724582.9927.264.69N/A
Working Capital Days
Receivable Days284326.10272.60298.10329.50266.60312.30241.40136.40103.40
Inventory Days48.9041.8024.3016.403.903.2014.80033.900
Payable Days0000000000

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Raj Television Network Ltd FAQs

The current trading price of Raj TV Network on 04-Jun-2026 16:59 is ₹14.01.

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 03-Jun-2026 the market cap of Raj TV Network stood at ₹72.73 Cr

The latest P/E ratio of Raj TV Network as of 03-Jun-2026 is 91.95.

The latest P/B ratio of Raj TV Network as of 03-Jun-2026 is 0.91.

The 52-week high of Raj TV Network is ₹48.69 and the 52-week low is ₹14.01.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Raj TV Network is ₹70.05 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Raj Television Network Ltd is a average quality company.

The key valuation ratios of Raj Television Network 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 Weak which suggest that the price of Raj Television Network Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Raj Television Network Ltd

Raj Television Network (RAJTV) is one of India’s largest entertainment content companies. Starting with the launch of India’s Second Tamil satellite channel, RAJTV, in 1994, it has evolved into an integrated entertainment content company over decades. The company incorporated in 1994, broadcasts several channels presently in various southern languages. Its flagship television channel launched in 1994 was the first general entertainment channel of the company. It caters to the entire spectrum of customers’ entertainment needs with production of content across different formats and platforms, such as fiction and reality shows for television, movies, music, digital, plays and live events.

Over the years, it has built strong a content library of over lakhs of hours reaching over a billion viewers globally. The company has built a strong content creation capability, over the decades and built strong in-house content creation expertise and developed an eco-system that seamlessly delivers engaging content at a competitive cost. It has long-standing partnership with the artist fraternity and its leadership position makes it their preferred partner. While it works with multiple creative partners, with an in-house TV studio, movie production and Distribution Company and a music label, it is uniquely positioned to offer a range of content for diverse audience. Its content offerings span across the globe. It has a footprint over hundreds of countries with a portfolio of channels catering to the Indian and south Asian Diaspora as well as local audiences of the several channels in the international markets, few channels are dedicated to non- Indian audience, offering them entertainment content in their native languages. The company earns its revenue from segments like advertisement, air time charges, pay channel distribution revenue, subscription revenue, sale of rights and sales export revenue, etc.

Business area of the company

The company is into the business of operating commercial satellite television channels under the approval from Ministry of Information and Broadcasting and the company runs several TV channels, in various languages.

Products of the company

  • TV Channels 
  • Digital Operations 
  • OTT

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About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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