Zee Media Corporation Limited (ZMCL; formerly Zee News Limited) is an Indian mass media and news broadcasting company based in Mumbai. The company is engaged mainly in the business of broadcasting news and current affairs, and regional entertainment up-linked from India via satellite television channels. Founded by Essel Group and incorporated on August 27, 1999, as Zee Sports Ltd., the company has evolved into one of India's largest news networks with 14 news channels in 6 different languages and various digital news websites like zeenews.com and dnaindia.com.
The company operates solely within the News publishing and broadcasting business segment. Its activities encompass broadcasting news, current affairs, and regional language channels, alongside the sale of television programs and content. Zee Media operates approximately 20 news channels across various genres and languages, solidifying its presence in the Indian media landscape.
Zee Media's revenue streams are primarily derived from advertisement revenue, subscription revenue, and other sales and services, which include the sale of programs, content, and channel management fees. The company is actively involved in broadcasting satellite television channels, focusing on news, current affairs, and regional language content, as well as the sale of television (TV) programs and content through its News Publishing and Broadcasting Business segment.
The company's extensive channel portfolio includes prominent names such as Zee News, Zee Business, Zee Hindustan, WION, Zee Salaam, Zee 24 Taas, Zee 24 Ghanta, Zee Punjab Haryana Himachal, Zee Madhya Pradesh Chhattisgarh, Zee Rajasthan, Zee Bihar Jharkhand, Zee 24 Kalak, Zee Uttar Pradesh Uttarakhand, Zee Tamil News (Digital Channel), Zee Kannada News, Cricketcountry, and more. Zee Media distributes its news material to a broad range of consumers through its owned websites, mobile applications, and various social media channels.
The company's financial performance has faced significant challenges in recent periods, marked by declining revenues and persistent losses.
As of May 20, 2025, the market capitalization of Zee Media Corporation Ltd (ZEEMEDIA) stands at ₹943.15 Crore. The stock has experienced considerable volatility, with a 52-week high of ₹26.35 and a 52-week low of ₹10.80. The company's P/E (price-to-earnings) ratio is -7.90, indicating it is currently unprofitable. The P/B (price-to-book) ratio is 3.26, with the stock trading at 4.05 times its book value.
For the full financial year ended March 2025, Zee Media reported a net loss of ₹119.42 crore, an increase from the net loss of ₹98.43 crore in the previous year (FY 2024). Sales also saw a decline of 2.57%, falling to ₹621.91 crore in FY 2025 from ₹638.29 crore in FY 2024.
The quarterly results for Q4 FY 2025 showed a net loss of ₹36.76 crore, significantly higher than the net loss of ₹6.51 crore reported in Q4 FY 2024. Quarterly sales declined by 12.95% to ₹155.80 crore in Q4 FY 2025, compared to ₹178.98 crore in Q4 FY 2024.
- Revenue (FY 2025): ₹621.91 crore
- Net Loss (FY 2025): ₹119.42 crore
- Q4 FY 2025 Revenue: ₹155.80 crore
- Q4 FY 2025 Net Loss: ₹36.76 crore
- EPS (Q4 FY 2025): -0.59
- Market Capitalization: ₹943.15 crore (as of May 2025)
- Promoter Holding: 1.62%
Zee Media Corporation Ltd (ZEEMEDIA) operates within the Communication Services sector, specifically the TV Channels & Broadcasters sub-sector. The company faces stiff competition from various players in the media industry, including MSNBC Cable, Asian Television Network, Star TV (Broadcasting, Radio and Television), Viacom18 Media, and New Delhi Television. Despite the competition, Zee Media maintains its position as one of India's significant news broadcasting networks.
In recent corporate actions, Vikas Garg, a Non-Executive Independent Director, tendered his resignation effective May 29, 2025, citing personal reasons. Additionally, promoter group AUV Innovations LLP acquired 32 lakh Zee Media shares via an on-market purchase in May 2025, indicating some internal activity. The Annual Secretarial Compliance Report for FY 2024-25 confirmed the company's adherence to regulatory requirements, reporting no violations.
The analyst consensus target price for shares in Zee Media is IN₹33.00, suggesting a potential upside of 148.68% from the last closing price of IN₹13.27. However, the stock's performance has been subdued, with its share price underperforming the S&P BSE 100 Index by -31.19% over the past six months. As of its last closing price, shares in Zee Media were trading -19.29% below their 200-day moving average, signaling a bearish trend.
The company continues to grapple with operational challenges, including declining revenues and mounting losses, although it sustains its presence as a key news broadcasting network in India. Investors are advised to thoroughly assess the company's financial performance trends, competitive landscape, and the evolving dynamics of the media sector before making any investment decisions.
