Sun TV Network Limited is an Indian media company, headquartered in Chennai, established on 14 April 1993 by Kalanithi Maran. The company operates 37 Television Channels in 7 languages, DTH (Direct-To-Home) broadcast service, 69 FM Radio Stations, 3 Daily Newspapers, 6 Magazines & two sports franchises. It is a part of Sun Group and is Asia's largest TV network.
The company has established itself as the dominant force in South Indian regional entertainment, with its flagship channel Sun TV being the cornerstone of its operations. Sun TV was the first fully privately owned Tamil channel in India. Sun TV was listed on the Bombay Stock Exchange on 24 April 2006 upon raising $133 million.
Sun TV Network operates one of India's most comprehensive regional media ecosystems. The company currently owns and operates 37 TV channels (26 SD + 11 HD) across some Indian languages – Tamil, Telugu, Malayalam, Kannada, Marathi, Bengali and Hindi. Their reach extends to more than 140 million Indian households. The company's international footprint is equally impressive, with Sun TV Network's channels viewable across 27 countries including the USA, Canada, Europe, Singapore, Malaysia, Sri Lanka, South Africa, Australia, and New Zealand.
The company's channel portfolio includes popular brands such as Sun TV, KTV, Sun Music, Sun News, Adithya TV, Chutti TV, Sun Direct, Suryan FM, Red FM, Dinakaran, Maalai Malar and Dina Thanthi. Sun TV Network Ltd's channels are available in multiple languages such as Tamil, Telugu, Kannada and Malayalam. Beyond broadcasting, Sun TV Network Ltd is also the largest cable network provider in India with over 10 million cable subscribers and reaches over 95 million households in India.
As of June 2025, the market cap of Sun TV Network Ltd (SUNTV) is ₹24,397.78 Cr as of 20th June 2025. However, the company's market cap of 23,265 Crore is down -24.5% in 1 year. The company has been facing challenges in recent quarters, with Sun TV Network reporting a decline in revenue and EBITDA due to weak ad revenue, with the outlook remaining cautious with increased competition and potential media rights impacts.
For the fiscal year ended March 2025, the company reported mixed performance. For the full year, net profit declined 11.54% to Rs 1,702.93 crore in the year ended March 2025 as against Rs 1,925.07 crore during the previous year ended March 2024, with sales declining 6.24% to Rs 4,015.09 crore in the year ended March 2025 as against Rs 4,282.10 crore during the previous year ended March 2024.
For the quarter ended March 2025 (Q4 FY25):
- Revenue: ₹940.59Cr as on March 2025 (Q4 FY25)
- Net Profit: ₹371.77Cr as on March 2025 (Q4 FY25)
- Sun TV Network Ltd reported a 10.4% decline in Q4 PAT to ₹371.77 crore, with revenue down 2.15% to ₹940.59 crore.
For the quarter ended December 2024 (Q3 FY25):
- Revenue: ₹973.88Cr
- Net Profit: ₹363.08Cr
- Sun TV Network Ltd's net profit fell -20% since last year same period to ₹363.08Cr in the Q3 2024-2025.
The company's financial health indicators show some areas of concern. The company has delivered a poor sales growth of 2.67% over past five years. Additionally, working capital days have increased from 260 days to 619 days. On the positive side, promoter holding remains strong at 75.0%.
Current market valuation metrics include:
- The P/E (price-to-earnings) ratio of Sun TV Network Ltd (SUNTV) is 14.33.
- The P/B (price-to-book) ratio is 2.31.
- The current dividend yield of Sun TV Network Ltd (SUNTV) is 2.42.
The company is the leader in the Tamil television broadcasting industry with over 20 channels. Since its inception, the channel consistently remains the top rated Tamil channel and one of the top rated Indian television channel. However, the company faces increasing competition in the regional media space, which has impacted its advertising revenue growth.
The company has been proactive in returning value to shareholders. The company's board has declared an interim dividend of Rs 2.50 per share for FY25. This demonstrates management's commitment to maintaining shareholder returns despite challenging market conditions.
The company continues to strengthen its content portfolio and expand its digital presence to compete effectively in the evolving media landscape. With its strong regional presence and diversified media portfolio spanning television, radio, print, and digital platforms, Sun TV Network remains well-positioned to capitalize on the growing demand for regional content in India.
