Company Overview

Sandesh Ltd is a prominent media company, established in 1923 and headquartered in Ahmedabad, India. Incorporated in 1943, the company is engaged in the editing, printing, and publishing of newspapers and periodicals, and also operates a Gujarati news channel. Sandesh Ltd (TSL), part of the Sandesh group, is recognized as one of the top three print media players in Gujarat and publishes the widely circulated Gujarati daily newspaper, Sandesh.

With state-of-the-art printing presses located in Ahmedabad, Vadodara, Surat, Rajkot, Bhavnagar, and Bhuj, the newspaper enjoys extensive circulation across Gujarat and Mumbai. Beyond its print operations, the company runs the Gujarati TV news channel "Sandesh Telecast" and provides an e-paper service accessible via its web portal and mobile application. Sandesh Ltd, in conjunction with its subsidiary, Sandesh Digital Private Limited, focuses on the editing, printing, and publishing of newspapers and periodicals throughout India, operating across its Media and Finance segments.

Financial Performance and Market Position

Sandesh Ltd is a Small Cap company according to Value Research classification, with a market capitalization of ₹874 crore as of March 2025. The company is listed on both NSE and BSE, with promoter holding standing at a significant 74.81% as of March 2025.

The company operates through a diversified revenue model, extending beyond traditional print media. It also engages in the sale of real estate, waste papers, and scraps. As of July 8, 2025, Sandesh Ltd employed 451 individuals. The company's market share within its sector has seen growth over the last five years, increasing from 4.1% to 4.65%.

Key Financial Metrics

- Market Capitalization: ₹874 crore (as of March 2025)

- Promoter Holding: 74.81% (as of March 2025)

- TTM Profit After Tax: ₹140 crore

- Revenue (Latest Reported): ₹292 crore

- Profit (Latest Reported): ₹77.5 crore

- P/E Ratio: 5.90 times (as of March 28, 2025)

- P/B Ratio: 0.62 times (as of March 28, 2025)

- Dividend Yield: 0.46%

- EBITDA: ₹19.31 million INR

- EBITDA Margin: 23.26%

- Beta Coefficient: 1.09

Recent Financial Results

Quarterly Performance:

- September 2024 Quarter: Net profit rose by 47.39% to ₹38.19 crore, compared to ₹25.91 crore in the September 2023 quarter.

- December 2024 Quarter: The company reported a net loss of ₹20.79 crore, a significant shift from a net profit of ₹57.68 crore in the December 2023 quarter. Sales for this quarter declined by 12.96% to ₹79.33 crore, against ₹91.14 crore in the same period the previous year.

Consolidated Results (December 2024 Quarter):

- Net Loss: ₹20.79 crore

- Total Income: ₹81.98 crore

Annual Performance (Year Ended 2024):

- Profit: ₹188.59 crore

- Total Income: ₹322.09 crore

Stock Performance and Valuation

SANDESH reached its all-time high of ₹2,058.30 on September 11, 2024. Its all-time low was ₹45.00, recorded on February 9, 1999. The 52-week high for Sandesh Ltd is ₹2,058.30, and the 52-week low is ₹1,005.

In terms of recent performance, SANDESH stock has shown a 0.72% increase compared to the previous week, but a -6.90% fall over the last month. Over the past year, SANDESH LTD has experienced a -27.45% decrease. However, Sandesh Ltd has delivered a return of 16.03% in the last 3 years. The stock exhibits 1.85% volatility.

Financial Health and Growth Metrics

Sandesh Ltd is in a strong financial position, being almost debt-free. However, the company has demonstrated a poor sales growth of -3.04% over the past five years. Its return on equity over the last 3 years has been modest at 10.5%.

Recent Corporate Actions

The Board of Directors, in their meeting held on February 13, 2025, recommended an interim dividend of ₹2.5 per equity share (representing 25%). The company set February 21, 2025, as the record date for this interim dividend for FY 2024-25, with the dividend payout scheduled for March 13, 2025.

Industry Position and Competition

Sandesh Ltd operates within the Media sector, with its top competitors including Jagran Prakashan, NDTV, T.V. Today Network, Zee Media, Hindustan Media, and H T Media.

The company functions within a challenging media landscape, where traditional print media faces significant headwinds due to digital transformation. Nevertheless, Sandesh Ltd's strong regional presence across Gujarat and its diversified media portfolio, which encompasses television and digital platforms, provide a degree of stability to its operations and a competitive edge in its core market.