DEN Networks Limited (DEN) AI Stock Analysis

• Market Cap: ₹11.61B
• Dividend Yield: N/A
• Average Volume (3M): 18.79K
• Price to Earnings (P/E): 7.8
• Beta (1Y): 1.49
• Revenue Growth: -2.48%
• EPS Growth: -22.06%
• Country: IN
• Employees: 612
• Sector: General
• Sector Strength: N/A
• Industry: Entertainment
• EPS (TTM): 3.49
• Shares Outstanding: 477,223,850
• 10 Day Avg. Volume: 14,135
• 30 Day Avg. Volume: 18,785
• PEG Ratio: -0.42
• Price to Book (P/B): 0.31
• Price to Sales (P/S): 1.22
• P/FCF Ratio: -62.80
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 62 Neutral
• Price Target: ₹29.00 ▲(4.35% Upside)
• Action: Reiterated
• Date: 10/14/26

Positive Factors

Very low leverage

DEN’s exceptionally low leverage reduces financial risk and preserves flexibility during operating weakness. Minimal debt should limit interest burdens, support resilience through industry changes, and leave more capacity for network investment or shareholder returns over the next several quarters.

Negative Factors

Multi-year revenue contraction

Repeated annual revenue declines point to weakening topline momentum rather than a single-period setback. Continued contraction could reduce scale benefits, constrain investment in network and broadband capabilities, and make future profit growth increasingly dependent on cost control.

DEN Networks Limited Business Overview & Revenue Model

Company Description

DEN Networks Limited is an Indian enterprise primarily focused on delivering and marketing television channels via its extensive digital cable distribution infrastructure. Its business activities are structured into two main segments: Cable and Br...

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DEN Networks Limited is an Indian enterprise primarily focused on delivering and marketing television channels via its extensive digital cable distribution infrastructure. Its business activities are structured into two main segments: Cable and Br...

How the Company Makes Money

DEN primarily earns revenue from (1) subscription income collected for delivering pay-TV channels to end customers (typically via its own network and/or through last-mile local cable operators), where DEN’s share depends on the number of active su...

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DEN primarily earns revenue from (1) subscription income collected for delivering pay-TV channels to end customers (typically via its own network and/or through last-mile local cable operators), where DEN’s share depends on the number of active su...

DEN Networks Limited Financial Statement Overview

Breakdown	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	9.74B	10.05B	10.81B	11.04B	11.83B
Gross Profit	3.53B	4.20B	4.74B	4.91B	5.56B
EBITDA	3.01B	3.56B	3.62B	2.64B	3.24B
Net Income	1.66B	2.00B	2.15B	2.43B	1.76B
Balance Sheet
Total Assets	42.83B	41.42B	39.22B	37.59B	35.09B
Cash, Cash Equivalents and Short-Term Investments	32.83B	31.98B	29.31B	25.15B	24.84B
Total Debt	200.38M	229.83M	255.11M	275.97M	0.00
Total Liabilities	4.57B	4.83B	4.63B	5.03B	4.96B
Stockholders Equity	37.85B	36.20B	34.20B	32.07B	29.53B
Cash Flow
Free Cash Flow	-188.49M	-231.37M	883.17M	399.93M	258.53M
Operating Cash Flow	221.93M	183.00M	1.42B	1.39B	1.29B
Investing Cash Flow	-163.39M	-217.79M	-1.25B	-542.63M	-2.58B
Financing Cash Flow	-16.24M	-71.55M	-65.93M	-1.15B	959.00M

DEN Networks Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 27.79
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DEN, the sentiment is Negative. The current price of 27.79 is above the 20-day moving average (MA) of 25.42, above the 50-day MA of 26.50, and above the 200-day MA of 27.60, indicating a bearish trend. The MACD of -0.56 indicates Positive momentum. The RSI at 40.93 is Neutral, neither overbought nor oversold. The STOCH value of 31.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:DEN.

DEN Networks Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DEN	62 Neutral	₹11.61B	7.76	―	―	-2.48%	-22.06%
GTPL	56 Neutral	₹6.07B	-232.30	―	3.70%	10.27%	-106.45%
HATHWAY	56 Neutral	₹16.05B	24.61	―	―	5.91%	-30.62%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
DISHTV	42 Neutral	₹3.76B	-0.38	―	1.19%	-23.76%	-69.83%
SHEMAROO	41 Neutral	₹3.04B	-1.52	―	0.65%	-14.17%	-55.75%
SITINET	40 Underperform	₹427.31M	-0.24	―	―	―	―

DEN Networks Limited Corporate Events