NETWORK18
Network18 Media & Investments Limited
News and digital media group with TV channels and digital properties
Consumer Discretionary›Media, Entertainment & Publication›Entertainment›Media & Entertainment
nw18.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Stock price
₹26.46
Market cap
4,049 Cr
Stock P/E
Loss (TTM EPS ₹-0.22)
P/B
0.82
ROE (FY26)
3.1%
ROCE (FY26)
4.4%
Operating margin (FY26)
-4.2%
Debt / equity (FY26)
0.63
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
Loading price history…
Compare with peers
Loading peers…
What you need to know
Network18 (Network18 Media & Investments) runs Indian television news channels and digital news and financial-information platforms such as Moneycontrol, earning mainly from advertising and from paid digital subscriptions.
Company snapshot
4thBy market cap
Ranked among 13 companies in Media & Entertainment.
What we see
Concerns
- ✗Operating cash flow is negative even though the company shows a profit — the business may not be generating real cash yet.
1 more signal from the filings.Sign in free to see them all
Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,866 Cr | 1,774 Cr | 2,419 Cr | 3,141 Cr | 1,825 Cr | 1,361 Cr | 561 Cr | 468 Cr | 498 Cr | 539 Cr | 616 Cr | 516 Cr |
| Operating expenses (approx.) | 2,084 Cr | 1,945 Cr | 2,609 Cr | 3,289 Cr | 2,005 Cr | 1,382 Cr | 542 Cr | 464 Cr | 498 Cr | 530 Cr | 585 Cr | 509 Cr |
| EBITDA | -218 Cr | -172 Cr | -190 Cr | -148 Cr | -179 Cr | -22 Cr | 19 Cr | 4 Cr | -0.50 Cr | 10 Cr | 30 Cr | 8 Cr |
| OPM % | -11.7% | -9.7% | -7.8% | -4.7% | -9.8% | -1.6% | 3.4% | 0.9% | -0.1% | 1.8% | 4.9% | 1.5% |
| Other income | 187 Cr | 157 Cr | 161 Cr | 151 Cr | 234 Cr | 82 Cr | 3 Cr | 10 Cr | 3 Cr | 14 Cr | 0.43 Cr | 4 Cr |
| Interest | 66 Cr | 74 Cr | 114 Cr | 150 Cr | 170 Cr | 102 Cr | 55 Cr | 52 Cr | 48 Cr | 50 Cr | 54 Cr | 57 Cr |
| Depreciation | 57 Cr | 43 Cr | 69 Cr | 70 Cr | 69 Cr | 52 Cr | 33 Cr | 34 Cr | 34 Cr | 33 Cr | 32 Cr | 31 Cr |
| Profit before tax | -118 Cr | -102 Cr | -197 Cr | -194 Cr | -148 Cr | -1,400 Cr | -29 Cr | 149 Cr | 41 Cr | -5 Cr | -30 Cr | -38 Cr |
| Tax % | 5.6% | -5.9% | -5.1% | -1.8% | -3.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -0.1% | 0.0% |
| Net profit | -111 Cr | -108 Cr | -207 Cr | -198 Cr | -152 Cr | -1,400 Cr | -29 Cr | 149 Cr | 41 Cr | -5 Cr | -30 Cr | -38 Cr |
| EPS (₹) | ₹-0.59 | ₹-0.56 | ₹-0.93 | ₹-0.99 | ₹-0.63 | ₹-9.38 | ₹-0.20 | ₹0.97 | ₹0.27 | ₹-0.04 | ₹-0.20 | ₹-0.25 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,491 Cr | 1,839 Cr | 5,116 Cr | 5,357 Cr | 4,705 Cr | 5,880 Cr | 6,223 Cr | 9,297 Cr | 6,888 Cr | 2,121 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 1,629 Cr | 1,882 Cr | 4,904 Cr | 4,740 Cr | 3,909 Cr | 4,801 Cr | 6,086 Cr | 9,962 Cr | 7,218 Cr | 2,077 Cr | Sign in free for the trailing twelve months |
| EBITDA | -138 Cr | -43 Cr | 212 Cr | 617 Cr | 796 Cr | 1,079 Cr | 137 Cr | -664 Cr | -330 Cr | 44 Cr | Sign in free for the trailing twelve months |
| OPM % | -9.3% | -2.3% | 4.1% | 11.5% | 16.9% | 18.4% | 2.2% | -7.1% | -4.8% | 2.1% | Sign in free for the trailing twelve months |
| Other income | 55 Cr | 112 Cr | -48 Cr | 35 Cr | 44 Cr | 50 Cr | 98 Cr | 697 Cr | 471 Cr | 28 Cr | Sign in free for the trailing twelve months |
| Interest | 80 Cr | 96 Cr | 198 Cr | 236 Cr | 157 Cr | 97 Cr | 209 Cr | 322 Cr | 477 Cr | 205 Cr | Sign in free for the trailing twelve months |
| Depreciation | 80 Cr | 89 Cr | 142 Cr | 175 Cr | 147 Cr | 120 Cr | 128 Cr | 210 Cr | 223 Cr | 133 Cr | Sign in free for the trailing twelve months |
| Profit before tax | -261 Cr | -113 Cr | -231 Cr | 143 Cr | 512 Cr | 939 Cr | -16 Cr | -389 Cr | -1,771 Cr | 155 Cr | Sign in free for the trailing twelve months |
| Tax % | -3.7% | -55.0% | 23.0% | 60.8% | -6.8% | 10.8% | 1.4% | -2.0% | -0.3% | 0.0% | Sign in free for the trailing twelve months |
| Net profit | -271 Cr | -174 Cr | -178 Cr | 56 Cr | 547 Cr | 838 Cr | -16 Cr | -397 Cr | -1,777 Cr | 155 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹-2.25 | ₹-1.49 | ₹-2.93 | ₹-2.29 | ₹0.31 | ₹2.00 | ₹-0.81 | ₹-2.45 | ₹-11.02 | ₹0.99 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | 0.0% | 0.0% | — | — | — | 0.0% | Sign in free for the trailing twelve months |
Sign in free for the trailing twelve months
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 518 Cr | 518 Cr | 518 Cr | 518 Cr | 518 Cr | 518 Cr | 518 Cr | 518 Cr | 765 Cr | 765 Cr |
| Reserves | 765 Cr | 616 Cr | 293 Cr | 2,700 Cr | 29 Cr | 237 Cr | 157 Cr | 6,136 Cr | 3,977 Cr | 4,153 Cr |
| Borrowings | 1,307 Cr | 2,201 Cr | 3,012 Cr | 3,264 Cr | 2,413 Cr | 2,160 Cr | 5,815 Cr | 7,317 Cr | 2,787 Cr | 3,113 Cr |
| Other liabilities | 829 Cr | 1,887 Cr | 2,215 Cr | 2,134 Cr | 2,077 Cr | 2,377 Cr | 3,574 Cr | 4,424 Cr | 902 Cr | 896 Cr |
| Total liabilities | 5,046 Cr | 7,509 Cr | 8,450 Cr | 8,616 Cr | 8,257 Cr | 9,145 Cr | 13,984 Cr | 40,134 Cr | 8,498 Cr | 8,996 Cr |
| Fixed assets (net) | 242 Cr | 305 Cr | 285 Cr | 407 Cr | 376 Cr | 331 Cr | 503 Cr | 1,336 Cr | 509 Cr | 463 Cr |
| CWIP | 0.92 Cr | 22 Cr | 33 Cr | 12 Cr | 4 Cr | 3 Cr | 86 Cr | 104 Cr | 0.02 Cr | 0 Cr |
| Investments | 2,182 Cr | 669 Cr | 923 Cr | 796 Cr | 771 Cr | 869 Cr | 958 Cr | 4,188 Cr | 5,682 Cr | 6,123 Cr |
| Loans & advances | — | — | 0 Cr | 0.12 Cr | 0.30 Cr | 1 Cr | 0.20 Cr | 0.12 Cr | 0.13 Cr | 0.09 Cr |
| Inventories | 2 Cr | 1,344 Cr | 1,905 Cr | 2,037 Cr | 1,886 Cr | 2,589 Cr | 5,891 Cr | 10,210 Cr | 9 Cr | 2 Cr |
| Trade receivables | 317 Cr | 1,285 Cr | 1,302 Cr | 1,543 Cr | 1,279 Cr | 1,153 Cr | 1,297 Cr | 1,760 Cr | 660 Cr | 690 Cr |
| Cash & bank | 25 Cr | 189 Cr | 186 Cr | 115 Cr | 327 Cr | 339 Cr | 228 Cr | 4,831 Cr | 3 Cr | 39 Cr |
| Other assets | 2,276 Cr | 3,695 Cr | 3,817 Cr | 3,707 Cr | 3,614 Cr | 3,860 Cr | 5,020 Cr | 17,705 Cr | 1,635 Cr | 1,679 Cr |
| Total assets | 5,046 Cr | 7,509 Cr | 8,450 Cr | 8,616 Cr | 8,257 Cr | 9,145 Cr | 13,984 Cr | 40,134 Cr | 8,498 Cr | 8,996 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | -178 Cr | 78 Cr | -204 Cr | 78 Cr | 1,346 Cr | 641 Cr | -2,804 Cr | -6,465 Cr | -1,912 Cr | -28 Cr |
| Cash from investing | -362 Cr | -155 Cr | -445 Cr | -88 Cr | -85 Cr | -250 Cr | -722 Cr | -5,169 Cr | 1,313 Cr | -20 Cr |
| Cash from financing | 518 Cr | 143 Cr | 645 Cr | -62 Cr | -1,049 Cr | -381 Cr | 3,411 Cr | 16,235 Cr | -4,229 Cr | 84 Cr |
| Net cash flow | -21 Cr | 66 Cr | -3 Cr | -73 Cr | 212 Cr | 12 Cr | -111 Cr | 4,603 Cr | -4,828 Cr | 36 Cr |
| Free cash flow (OCF − Capex) | -339 Cr | 15 Cr | -333 Cr | -69 Cr | 1,262 Cr | 457 Cr | -3,536 Cr | -8,869 Cr | -2,811 Cr | -79 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | -4.3% | -0.3% | -0.5% | 5.8% | 10.8% | 15.3% | 1.9% | -0.2% | -17.0% | 4.4% |
| ROE % | -8.0% | -4.5% | -9.4% | -7.4% | 0.9% | 4.5% | -1.8% | -0.9% | -35.1% | 3.1% |
| Debtor days | 77 | 254 | 93 | 105 | 99 | 71 | 76 | 69 | 35 | 118 |
| Inventory days | 342 | 85806 | 295007 | 230865 | 730250 | 3623900 | 17870792 | 401 | 0 | 0 |
| Days payable | 49146 | 97596 | 272047 | 167406 | 551704 | 2192470 | 6393114 | 95 | 23 | 59 |
| Cash conversion cycle | -48727 | -11536 | 23053 | 63564 | 178645 | 1431501 | 11477754 | 375 | 12 | 60 |
| OCF / EBITDA % | — | — | -96.1% | 12.6% | 169.1% | 59.4% | n.m. | — | — | n.m. |
| OCF / EBITDA % (3 years) | — | — | n.m. | -6.1% | 75.1% | 82.9% | -40.6% | n.m. | — | — |
| Debt / equity | 1.02 | 1.94 | 3.71 | 6.32 | 4.41 | 2.86 | 8.61 | 1.10 | 0.59 | 0.63 |
| Current ratio | 0.29 | 0.79 | 0.76 | 0.78 | 0.90 | 1.11 | 0.98 | 2.16 | 0.26 | 0.26 |
| Net debt / EBITDA | — | — | 13.34 | 5.10 | 2.62 | 1.69 | 40.68 | — | — | 70.42 |