Network18 Media & Investments Limited (NETWORK18) AI Stock Analysis

Network18 Media & Investments Limited

(NSE:NETWORK18)

Select Model

Rating:42Neutral

Price Target:INR 22.50▼(-9.64% Downside)

Action:reiterated

Date:08/21/26

Network18 scores low primarily due to poor financial performance: sharply contracting revenue, negative operating profit, and five consecutive years of negative operating and free cash flow, which undermine the credibility of the small reported net profit. Lower leverage and a stronger equity base provide some stability, but appear driven by corporate restructuring rather than operational improvement. Technicals are mixed, with the price below its 50-, 100- and 200-day averages and a negative MACD, though near-term momentum has stabilised. Valuation adds no support given negative earnings and no dividend. A sustained turnaround in operating cash flow and margins would be needed before the score improves.

Positive Factors

Return to Net ProfitThe return to positive net income marks a meaningful earnings recovery from the prior-year loss. If sustained, improved profitability can strengthen internal funding capacity and provide a more stable base for investment across the company’s media portfolio.

Negative Factors

Sharp Revenue DeclineA sharp top-line contraction weakens the foundation for sustainable earnings growth across broadcasting and digital media. Lower revenue can reduce operating leverage, constrain content investment, and make the recent return to profit more difficult to maintain through the next several quarters.

Network18 Media & Investments Limited (NETWORK18) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 36.62B
Dividend Yield: ―
Average Volume (3M): 297.68K
Price to Earnings (P/E): -108.4
Beta (1Y): 1.63
Revenue Growth: -23.25%
EPS Growth: 98.17%
Country: India
Employees: 4,905
Sector: General
Sector Strength: 55
Industry: Broadcasting

Network18 Media & Investments Limited Business Overview & Revenue Model

Company Description

Network18 Media & Investments Limited stands as a prominent Indian conglomerate in the media and entertainment sector. Its expansive operations encompass television broadcasting, digital content creation, film production, online commerce, print publi...

Network18 Media & Investments Limited Financial Statement Overview

Summary

Financials are weak across the board. Revenue fell ~26.5% in FY2026 to ₹21.2 billion after a flat FY2025, and although the company swung back to a small net profit of ₹1.5 billion following a ₹16.9 billion loss, EBIT remained negative (₹-889 million) and EBITDA margins are razor-thin at ~2.1% (Income Statement score 22). Cash flow is the biggest concern: operating cash flow has been negative for five straight years (₹-2.3 billion in FY2026) and free cash flow was ₹-2.8 billion, meaning reported profit is not backed by cash (Cash Flow score 15). The balance sheet is the relative bright spot, with debt-to-equity improving to 0.67 from 9.0 in FY2023 and equity rising to ₹49.2 billion, though ROE is just 3.1% and the improvement stems largely from restructuring rather than organic gains (Balance Sheet score 40).

Income Statement

22Negative

Balance Sheet

40Negative

Cash Flow

15Very Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	21.69B	21.21B	68.88B	92.97B	61.22B	58.76B
Gross Profit	12.20B	7.14B	12.64B	15.99B	16.93B	22.46B
EBITDA	1.11B	4.93B	-12.95B	328.00M	2.35B	11.54B
Net Income	-345.30M	1.52B	-16.87B	-2.06B	-842.70M	2.08B
Balance Sheet
Total Assets	0	89.96B	84.98B	398.81B	139.84B	91.45B
Cash, Cash Equivalents and Short-Term Investments	1.64B	1.64B	1.15B	80.57B	3.50B	4.65B
Total Debt	0	32.88B	29.60B	81.56B	60.69B	22.84B
Total Liabilities	-49.87B	40.09B	36.89B	116.67B	93.89B	45.37B
Stockholders Equity	49.87B	49.18B	47.43B	151.96B	6.75B	7.55B
Cash Flow
Free Cash Flow	-1.18B	-2.83B	-28.11B	-88.69B	-35.36B	4.57B
Operating Cash Flow	-814.70M	-2.32B	-19.12B	-64.65B	-28.04B	6.41B
Investing Cash Flow	-326.20M	-203.20M	13.13B	-51.69B	-7.22B	-2.50B
Financing Cash Flow	1.17B	2.87B	7.20B	11.39B	34.11B	-3.81B

Network18 Media & Investments Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price24.90

Price Trends

50DMA26.57Negative

100DMA28.71Negative

200DMA31.57Negative

Market Momentum

MACD-0.79Positive

RSI36.85Neutral

STOCH26.78Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NETWORK18, the sentiment is Negative. The current price of 24.90 is below the 20-day moving average (MA) of 24.98, below the 50-day MA of 26.57, and below the 200-day MA of 31.57, indicating a bearish trend. The MACD of -0.79 indicates Positive momentum. The RSI at 36.85 is Neutral, neither overbought nor oversold. The STOCH value of 26.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:NETWORK18.

Network18 Media & Investments Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:NETWORK18 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:SUNTV	75Outperform	INR 239.45B	15.65	―	2.06%	-4.94%	-4.88%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:ZEEL	54Neutral	INR 63.85B	31.17	―	3.01%	6.03%	-69.07%
IN:TVTODAY	48Neutral	INR 5.85B	33.95	―	3.06%	-7.90%	-43.74%
IN:ZEEMEDIA	43Neutral	INR 4.48B	-343.00	―	―	22.18%	99.00%
IN:NETWORK18	42Neutral	INR 36.51B	-108.40	―	―	-23.25%	98.17%
IN:NDTV	42Neutral	INR 6.86B	-1.77	―	―	11.30%	8.32%

* General Sector Average

Performance Comparison

IN:NETWORK18 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:NETWORK18	Network18 Media & Investments Limited	23.68	-24.28	-50.63%
IN:NDTV	New Delhi Television Limited	60.78	-31.85	-34.38%
IN:SUNTV	Sun TV Network Limited	607.60	56.53	10.26%
IN:TVTODAY	TV Today Network Ltd.	98.00	-47.90	-32.83%
IN:ZEEL	Zee Entertainment Enterprises Limited	66.47	-31.83	-32.38%
IN:ZEEMEDIA	Zee Media Corp. Ltd.	6.84	-3.19	-31.80%

Network18 Media & Investments Limited Corporate Events

Network18 Sets September 16 Virtual AGM, Details E-Voting Framework

Aug 22, 2026

Network18 Media & Investments Limited has announced that its 31st Annual General Meeting will be held on September 16, 2026, via video conferencing/other audio-visual means in line with regulatory circulars. The company has circulated the annual...

Network18 Sets Date and Voting Cut-Off for 31st AGM via Virtual Platform

Aug 19, 2026

Network18 Media & Investments Limited, a listed media and entertainment company with significant presence across television and digital platforms, continues to emphasize transparent governance and investor participation through formal market comm...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 21, 2026

Network18 Media & Investments Limited AI Stock Analysis