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Zee Entertainment Enterprises Limited
(ZEEL)
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Rating:56Neutral
Price Target:
₹89.00
▼(-15.12% Downside)
Action:Reiterated
Date:08/04/26
The score is held back primarily by weakened profitability (significant margin compression and lower ROE) despite a strong low-leverage balance sheet and generally positive recent cash generation. Technically, the stock shows near-term softness (below 20/50 DMA) but retains longer-term support (above 100/200 DMA). Valuation is a further headwind due to the high P/E, partially cushioned by a ~3% dividend yield.
Positive Factors
Conservative leverage
Very low debt relative to equity gives ZEEL financial flexibility and resilience across changing industry conditions. A conservative capital structure can reduce financing pressure, preserve liquidity for content and platform investment, and support stability when operating profitability is under strain.
Negative Factors
Severe margin compression
Sharp compression in EBITDA and net margins shows that ZEEL's revenue base is currently producing much less operating profit than in earlier periods. Persistently weaker margins can reduce reinvestment capacity, lower earnings quality, and make results more sensitive to business volatility.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage
Very low debt relative to equity gives ZEEL financial flexibility and resilience across changing industry conditions. A conservative capital structure can reduce financing pressure, preserve liquidity for content and platform investment, and support stability when operating profitability is under strain.
Read all positive factors
Zee Entertainment Enterprises Limited (ZEEL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹82.51B
Dividend Yield2.83%
Average Volume (3M)1.84M
Price to Earnings (P/E)40.5
Beta (1Y)1.23
Revenue Growth2.42%
EPS Growth-70.83%
CountryIN
Employees2,159
SectorGeneral
Sector StrengthN/A
IndustryBroadcasting
Share Statistics
EPS (TTM)2.13
Shares Outstanding960,519,400
10 Day Avg. Volume1,688,705
30 Day Avg. Volume1,839,745
Financial Highlights & Ratios
PEG Ratio-0.43
Price to Book (P/B)0.59
Price to Sales (P/S)0.86
P/FCF Ratio11.48
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)5.91
Revenue Forecast (FY)₹84.21B
Zee Entertainment Enterprises Limited Business Overview & Revenue Model
Company Description
Zee Entertainment Enterprises Limited (ZEEL), alongside its various subsidiaries, primarily operates in the domain of satellite television broadcasting. The company offers a wide and diverse range of channels, catering to varied linguistic and ent...
How the Company Makes Money
ZEEL generates revenue mainly by monetizing its television and digital audiences through a mix of advertising and subscription-related income, supplemented by content licensing and other distribution arrangements.
1) Advertising revenue (primary ...
Zee Entertainment Enterprises Limited Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
78
Positive
Cash Flow
62
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 81.81B | 80.99B | 82.94B | 86.37B | 80.88B | 81.83B |
| Gross Profit | 22.25B | 21.80B | 37.77B | 22.54B | 24.66B | 41.38B |
| EBITDA | 3.50B | 5.36B | 12.37B | 7.70B | 8.50B | 17.87B |
| Net Income | 2.04B | 2.71B | 6.79B | 1.41B | 477.90M | 9.65B |
Balance Sheet | ||||||
| Total Assets | 142.55B | 142.16B | 137.34B | 134.50B | 137.28B | 132.40B |
| Cash, Cash Equivalents and Short-Term Investments | 22.11B | 27.24B | 27.47B | 11.93B | 11.67B | 12.92B |
| Total Debt | 2.55B | 2.65B | 3.21B | 2.30B | 2.82B | 763.00M |
| Total Liabilities | 24.27B | 24.87B | 22.01B | 25.77B | 30.06B | 23.77B |
| Stockholders Equity | 118.28B | 117.30B | 115.33B | 108.73B | 107.22B | 108.63B |
Cash Flow | ||||||
| Free Cash Flow | -795.00M | 6.05B | 10.94B | 5.84B | -1.39B | 438.00M |
| Operating Cash Flow | -259.00M | 7.41B | 11.86B | 7.14B | 1.29B | 2.80B |
| Investing Cash Flow | -398.00M | -3.50B | -16.04B | -940.00M | -2.02B | 5.77B |
| Financing Cash Flow | -2.65B | -3.22B | 228.00M | -2.06B | -4.08B | -7.15B |
Zee Entertainment Enterprises Limited Technical Analysis
Negative
104.85
Price Trends
101.27
Negative
99.02
Negative
93.23
Negative
Market Momentum
-3.73
Positive
32.01
Neutral
9.11
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ZEEL, the sentiment is Negative. The current price of 104.85 is above the 20-day moving average (MA) of 98.84, above the 50-day MA of 101.27, and above the 200-day MA of 93.23, indicating a bearish trend. The MACD of -3.73 indicates Positive momentum. The RSI at 32.01 is Neutral, neither overbought nor oversold. The STOCH value of 9.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ZEEL.
Zee Entertainment Enterprises Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹178.48B | 11.68 | ― | 2.76% | 12.76% | -8.59% | |
56 Neutral | ₹82.51B | 40.52 | ― | 2.83% | 2.42% | -70.83% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹5.21B | -397.00 | ― | 0.65% | 22.18% | 99.00% | |
52 Neutral | ₹6.61B | 38.59 | ― | 2.67% | -7.90% | -43.74% | |
45 Neutral | ₹42.65B | -124.60 | ― | ― | -48.53% | 97.63% | |
45 Neutral | ₹5.93B | 3.86 | ― | 0.46% | 328.57% | ― |
* General Sector Average
IN:ZEEL
Zee Entertainment Enterprises Limited
85.72
-28.63
-25.04%
IN:NETWORK18
Network18 Media & Investments Limited
26.94
-27.55
-50.56%
IN:AQYLON
Sri Adhikari Brothers Television Network Limited
22.56
-80.06
-78.02%
IN:SUNTV
Sun TV Network Limited
449.50
-94.10
-17.31%
IN:TVTODAY
TV Today Network Ltd.
110.25
-42.35
-27.75%
IN:ZEEMEDIA
Zee Media Corp. Ltd.
7.74
-4.73
-37.93%
Zee Entertainment Enterprises Limited Corporate Events
Zee Entertainment Files Auditor Certificate Confirming SEBI ICDR Compliance
Aug 31, 2026
Zee Entertainment Enterprises Limited has submitted to the National Stock Exchange a certificate from its statutory auditors, Walker Chandiok Co LLP, confirming compliance with Regulation 169(4) under the Securities and Exchange Board of India...
Zee Entertainment Grants Promoter Group Convertible Warrants in Preferential Issue
Aug 27, 2026
Zee Entertainment Enterprises Limited has allotted 240,592,66 fully convertible warrants on a preferential basis to promoter group entity Sunbright Mauritius Investments Limited at a total issue price of ₹126 per warrant. The company has rec...
Zee Entertainment Allots ₹659-Crore Preferential Convertible Warrants to Promoter Entity
Aug 21, 2026
Zee Entertainment Enterprises Limited has issued 209,447,805 fully convertible warrants on a preferential basis to promoter group entity Sunbright Mauritius Investments Limited at a total issue price of ₹126 per warrant. The company has rece...
Zee Entertainment Publishes Q1 FY27 Unaudited Results in Line with SEBI Norms
Aug 11, 2026
Zee Entertainment Enterprises Limited published newspaper advertisements in Business Standard and Navshakti announcing its unaudited financial results for the quarter ended 30 June 2026, in compliance with SEBI disclosure regulations. The company ...
SEBI Bars Zee Entertainment and Promoters From Markets, Company Reviewing Order
Aug 2, 2026
Zee Entertainment Enterprises Limited has disclosed that India’s securities regulator, the Securities and Exchange Board of India, has issued an order restricting the company and two key promoters from accessing the securities market for spe...
Zee Entertainment Details Shareholder Voting at Virtual Extraordinary General Meeting
Jul 31, 2026
Zee Entertainment Enterprises Limited convened an Extraordinary General Meeting (EGM) of its equity shareholders on July 31, 2026, conducted via video conferencing in line with corporate and securities regulatory requirements. The meeting was chai...
Zee Entertainment Publishes EGM and Remote E-Voting Notice for Shareholders
Jul 10, 2026
Zee Entertainment Enterprises Limited has notified stock exchanges that it has published newspaper advertisements concerning the dispatch of notice for an Extra Ordinary General Meeting and the related remote e-voting arrangements. The communicati...
Zee Entertainment Plans Fundraise, Closes Trading Window Ahead of Board Meet
Jun 25, 2026
Zee Entertainment Enterprises Limited has scheduled a board meeting on July 1, 2026 to further evaluate options for raising capital through the issuance of equity shares or convertible securities via permissible methods such as private placement o...
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.