Sandesh Share Price & Earnings Call Analysis
- Market cap
- ₹749 Cr
- P/E
- 6.87
- ROE
- 4.83%
- PEG
- -0.59
- Price to sales
- 0.90
- Debt to equity
- 0.00
- 52W high / low
- ₹1,196 / ₹822
- Sales growth (5Y)
- 9.94%
- EBITDA margin
- 1.10%
- Net profit margin
- 15.27%
- Promoter holding
- 74.81%
- Sales (last year)
- ₹824 Cr
Incorporated in 1943, Sandesh Ltd is in the business of editing, printing, and publishing newspapers and periodicals, and also runs a Gujarati news channel[1]
Potential multibaggers · Q2 FY27
Potential multibaggers in Media
on management's own guidance
- Bright Outdoor Media LtdGood growth2
- Strong growth1
- Signpost IndiaGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Media companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹32 Cr | 11.6 | |
| 2 | Bright Outdoor Media Ltd | 20–40% | Up 2%+ | ₹742 Cr | 29.7 |
| 3 | Signpost India | 20–40% | Up 0–2% | ₹1,350 Cr | 18.4 |
| 4 | 20–40% | Flat | ₹531 Cr | 31.8 | |
| 5 | 20–40% | Flat | ₹222 Cr | 14.0 | |
| 6 | 20–40% | Flat | ₹64 Cr | 18.4 |
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Pro shows every company guiding 40%+ revenue growth →Full Media rankingFinancials of Sandesh
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Sandesh
Quarterly Results
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 99 | 77 | 72 | 72 | 91 | 86 | 68 | 70 | 79 | 75 | 73 | 77 | 77 |
| Expenses + | 65 | 70 | 56 | 57 | 65 | 60 | 53 | 54 | 120 | 63 | 54 | 72 | 56 |
| Operating Profit | 34 | 8 | 16 | 15 | 26 | 26 | 16 | 16 | -41 | 12 | 18 | 5 | 20 |
| OPM % | 34% | 10% | 23% | 20% | 28% | 30% | 23% | 22% | -52% | 17% | 25% | 7% | 27% |
| Other Income + | 12 | 8 | 29 | 21 | 49 | 66 | 50 | 47 | 3 | 4 | 55 | 4 | 30 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 45 | 14 | 44 | 34 | 73 | 90 | 64 | 61 | -40 | 14 | 72 | 8 | 49 |
| Tax % | 26% | 17% | 24% | 23% | 21% | 20% | 21% | 38% | -48% | 30% | 19% | 44% | 20% |
| Net Profit + | 33 | 11 | 33 | 26 | 58 | 72 | 50 | 38 | -21 | 10 | 58 | 4 | 39 |
| EPS in Rs | 43.77 | 14.94 | 43.77 | 34.27 | 76.23 | 95.01 | 66.70 | 50.32 | -27.61 | 12.92 | 77.07 | 5.67 | 51.59 |
Financials of Sandesh
Profit & Loss
Annual income statement trend
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 313 | 345 | 374 | 354 | 375 | 417 | 341 | 272 | 307 | 339 | 320 | 292 | 302 |
| Expenses + | 230 | 248 | 246 | 248 | 257 | 330 | 271 | 197 | 231 | 244 | 238 | 223 | 246 |
| Operating Profit | 83 | 97 | 128 | 106 | 118 | 87 | 70 | 75 | 76 | 96 | 82 | 69 | 57 |
| OPM % | 26% | 28% | 34% | 30% | 31% | 21% | 20% | 28% | 25% | 28% | 26% | 24% | 19% |
| Other Income + | 1 | 1 | 4 | 14 | 14 | 20 | 12 | 49 | 48 | 44 | 166 | 38 | 93 |
| Interest | 8 | 4 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 8 | 8 | 8 | 8 | 9 | 9 | 8 | 7 | 6 | 6 | 6 | 7 | 7 |
| Profit before tax | 68 | 86 | 123 | 111 | 123 | 97 | 74 | 116 | 118 | 134 | 241 | 99 | 142 |
| Tax % | 33% | 34% | 35% | 36% | 35% | 35% | 21% | 23% | 24% | 24% | 22% | 22% | |
| Net Profit + | 46 | 57 | 80 | 71 | 80 | 63 | 58 | 89 | 90 | 102 | 189 | 77 | 111 |
| EPS in Rs | 60.52 | 75.36 | 105.24 | 93.65 | 105.32 | 83.38 | 77.10 | 117.99 | 118.32 | 134.78 | 249.28 | 102.33 | 147.25 |
| Dividend Payout % | 7% | 5% | 5% | 5% | 5% | 6% | 6% | 4% | 4% | 4% | 2% | 5% |
Financials of Sandesh
Balance Sheet
Capital structure and asset base
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| Reserves | 393 | 447 | 563 | 582 | 657 | 716 | 770 | 877 | 939 | 1,044 | 1,250 | 1,342 | 1,403 |
| Borrowings + | 56 | 10 | 14 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities + | 90 | 84 | 118 | 95 | 87 | 69 | 55 | 75 | 63 | 62 | 87 | 88 | 89 |
| Total Liabilities | 547 | 549 | 702 | 686 | 752 | 793 | 832 | 960 | 1,010 | 1,113 | 1,345 | 1,438 | 1,499 |
| Fixed Assets + | 68 | 71 | 73 | 126 | 138 | 132 | 128 | 120 | 110 | 111 | 110 | 106 | 108 |
| CWIP | 0 | 1 | 0 | 11 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Investments | 159 | 171 | 393 | 285 | 387 | 497 | 419 | 508 | 508 | 662 | 974 | 1,133 | 1,201 |
| Other Assets + | 319 | 307 | 236 | 264 | 227 | 163 | 285 | 331 | 392 | 339 | 260 | 198 | 190 |
| Total Assets | 547 | 549 | 702 | 686 | 752 | 793 | 832 | 960 | 1,010 | 1,113 | 1,345 | 1,438 | 1,499 |
Financials of Sandesh
Cash Flows
Operating, investing and financing cash movement
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 28 | 55 | 97 | 96 | 80 | 48 | -90 | 48 | 22 | 84 | 154 | 68 |
| Cash from Investing Activity + | -2 | -22 | -39 | -31 | -112 | -102 | 86 | -40 | 33 | -106 | -131 | -109 |
| Cash from Financing Activity + | -15 | -50 | -4 | -17 | -6 | -5 | -5 | -4 | -4 | -4 | -4 | -2 |
| Net Cash Flow | 11 | -17 | 55 | 49 | -38 | -58 | -10 | 4 | 51 | -26 | 20 | -43 |
| Free Cash Flow | 26 | 44 | 88 | 78 | 71 | 44 | -91 | 51 | 25 | 84 | 150 | 65 |
| CFO/OP | 62% | 85% | 109% | 129% | 103% | 91% | -94% | 96% | 68% | 115% | 216% | 127% |
Financials of Sandesh
Ratios
Working capital efficiency and return ratios
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 60 | 60 | 62 | 68 | 69 | 64 | 72 | 68 | 50 | 43 | 54 | 57 |
| Inventory Days | 87 | 158 | 68 | 128 | 128 | 48 | 66 | 125 | 132 | 47 | 61 | 109 |
| Days Payable | 36 | 18 | 37 | 37 | 50 | 24 | 18 | 87 | 27 | 27 | 33 | 47 |
| Cash Conversion Cycle | 111 | 200 | 92 | 158 | 146 | 89 | 120 | 106 | 155 | 64 | 83 | 119 |
| Working Capital Days | 38 | 100 | 2 | 48 | 55 | 58 | 217 | 138 | 145 | 98 | 121 | 84 |
| ROCE % | 17% | 19% | 24% | 19% | 20% | 14% | 10% | 14% | 11% | 13% | 21% | 8% |
Momentum score · price trend
23 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −16.0% | 43% |
| Last 6 months | −10.1% | 39% |
| Last 3 months | +1.1% | 69% |
The price is 46.3% below its all-time high of ₹1,840.25 (13 Sept 2024). Stocks more than 20% below their peak have their score halved, so 46 became 23.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Sandesh: 0.4 × 43 + 0.4 × 39 + 0.2 × 69 = 46, halved to 23 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
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