Sun TV Network Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹23,306 Cr
- P/E
- 14.66
- ROE
- 12.23%
- PEG
- -3.78
- Price to sales
- 5.63
- Debt to equity
- 0.01
- 52W high / low
- ₹653 / ₹449
- Sales growth (5Y)
- 6.41%
- EBITDA margin
- 48.11%
- Net profit margin
- 34.29%
- Promoter holding
- 75.00%
- Sales (last year)
- ₹4,143 Cr
Sun TV Network was established in 1985 as Sumangali Publications Private Limited and was later renamed as Sun TV Network Limited. Sun TV, the flagship channel of the company, was started in 1993. STNL is primarily involved in television broadcasting. Besides, it produces/distributes movies under the banner Sun Pictures[1]
Potential multibaggers · Q2 FY27
Potential multibaggers in Entertainment
on management's own guidance
- Digikore Studios LtdGood growth2
- Phantom DigitalGood growth1
- Saregama IndiaGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Entertainment companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | Phantom Digital | 20–40% | Up 2%+ | ₹115 Cr | 3.5 |
| 2 | Digikore Studios Ltd | 20–40% | Up 2%+ | ₹41 Cr | 3.2 |
| 3 | Saregama India | 20–40% | Flat | ₹10,579 Cr | 46.4 |
| 4 | 20–40% | Flat | ₹1,067 Cr | — | |
| 5 | 20–40% | Flat | ₹452 Cr | 17.4 | |
| 6 | 20–40% | Flat | ₹440 Cr | 9.1 |
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Pro shows every company guiding 40%+ revenue growth →Full Entertainment rankingFinancials of Sun TV Network
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Sun TV Network
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% |
| FIIs + | 9.01% | 8.87% | 7.89% | 7.23% | 7.11% | 6.87% | 6.91% | 6.71% | 6.47% | 6.64% | 5.80% | 5.52% |
| DIIs + | 6.59% | 6.50% | 8.23% | 10.00% | 10.17% | 10.45% | 10.35% | 10.19% | 10.64% | 10.91% | 11.30% | 10.81% |
| Public + | 9.40% | 9.62% | 8.89% | 7.77% | 7.70% | 7.67% | 7.74% | 8.10% | 7.88% | 7.46% | 7.90% | 8.66% |
| No. of Shareholders | 95,362 | 1,00,803 | 1,01,517 | 1,10,021 | 1,14,865 | 1,03,912 | 1,01,793 | 1,07,496 | 1,02,067 | 94,106 | 97,091 | 96,267 |
Financials of Sun TV Network
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,048 | 923 | 961 | 1,314 | 936 | 829 | 942 | 1,290 | 1,300 | 862 | 883 | 1,458 | 940 |
| Expenses + | 321 | 334 | 438 | 595 | 395 | 384 | 527 | 674 | 546 | 443 | 492 | 723 | 493 |
| Operating Profit | 728 | 589 | 523 | 719 | 541 | 445 | 414 | 617 | 754 | 420 | 391 | 735 | 447 |
| OPM % | 69% | 64% | 54% | 55% | 58% | 54% | 44% | 48% | 58% | 49% | 44% | 50% | 48% |
| Other Income + | 112 | 140 | 142 | 149 | 172 | 146 | 184 | 189 | 140 | 133 | 33 | 179 | 138 |
| Interest | 2 | 2 | 2 | 2 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 1 | 3 |
| Depreciation | 219 | 115 | 108 | 113 | 196 | 113 | 118 | 108 | 404 | 113 | 98 | 96 | 116 |
| Profit before tax | 619 | 612 | 555 | 753 | 513 | 474 | 477 | 694 | 486 | 436 | 323 | 818 | 467 |
| Tax % | 25% | 26% | 25% | 26% | 20% | 23% | 22% | 24% | 27% | 26% | 28% | 24% | 22% |
| Net Profit + | 465 | 454 | 415 | 560 | 409 | 364 | 371 | 529 | 355 | 324 | 232 | 619 | 365 |
| EPS in Rs | 11.79 | 11.52 | 10.52 | 14.19 | 10.39 | 9.22 | 9.41 | 13.43 | 8.99 | 8.22 | 5.89 | 15.70 | 9.24 |
Financials of Sun TV Network
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 2,395 | 2,474 | 2,646 | 2,963 | 3,783 | 3,520 | 3,177 | 3,585 | 3,772 | 4,282 | 4,020 | 4,335 | 4,143 |
| Expenses + | 718 | 1,253 | 874 | 959 | 1,176 | 1,248 | 1,111 | 1,306 | 1,379 | 1,644 | 1,891 | 2,152 | 2,150 |
| Operating Profit | 1,678 | 1,221 | 1,772 | 2,004 | 2,607 | 2,272 | 2,065 | 2,279 | 2,393 | 2,638 | 2,129 | 2,183 | 1,993 |
| OPM % | 70% | 49% | 67% | 68% | 69% | 65% | 65% | 64% | 63% | 62% | 53% | 50% | 48% |
| Other Income + | 99 | 677 | 181 | 165 | 242 | 260 | 306 | 256 | 380 | 515 | 642 | 493 | 483 |
| Interest | 2 | 2 | 1 | 1 | 2 | 13 | 27 | 33 | 9 | 9 | 14 | 14 | 11 |
| Depreciation | 615 | 497 | 400 | 450 | 663 | 700 | 404 | 306 | 486 | 532 | 541 | 723 | 423 |
| Profit before tax | 1,159 | 1,399 | 1,551 | 1,718 | 2,185 | 1,819 | 1,941 | 2,195 | 2,278 | 2,613 | 2,217 | 1,939 | 2,043 |
| Tax % | 32% | 34% | 34% | 34% | 34% | 24% | 21% | 25% | 25% | 26% | 23% | 26% | |
| Net Profit + | 796 | 922 | 1,031 | 1,136 | 1,434 | 1,385 | 1,525 | 1,642 | 1,707 | 1,926 | 1,703 | 1,441 | 1,540 |
| EPS in Rs | 19.84 | 23.39 | 26.14 | 28.80 | 36.37 | 35.15 | 38.70 | 41.66 | 43.30 | 48.85 | 43.19 | 36.53 | 39.05 |
| Dividend Payout % | 57% | 66% | 38% | 35% | 21% | 71% | 13% | 33% | 35% | 34% | 35% | 34% |
Financials of Sun TV Network
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 197 | 197 | 197 | 197 | 197 | 197 | 197 | 197 | 197 | 197 | 197 | 197 | 197 |
| Reserves | 3,151 | 3,277 | 3,831 | 4,491 | 5,329 | 5,527 | 6,857 | 7,958 | 9,075 | 10,339 | 11,454 | 12,446 | 13,260 |
| Borrowings + | 0 | 0 | 0 | 0 | 0 | 0 | 80 | 95 | 63 | 38 | 124 | 106 | 108 |
| Other Liabilities + | 397 | 285 | 350 | 585 | 670 | 782 | 812 | 648 | 814 | 847 | 875 | 1,092 | 1,072 |
| Total Liabilities | 3,745 | 3,759 | 4,378 | 5,273 | 6,197 | 6,507 | 7,946 | 8,898 | 10,148 | 11,421 | 12,651 | 13,841 | 14,637 |
| Fixed Assets + | 1,179 | 845 | 1,225 | 1,153 | 1,112 | 1,145 | 946 | 1,791 | 1,729 | 1,707 | 1,579 | 2,538 | 3,828 |
| CWIP | 2 | 1 | 2 | 49 | 13 | 66 | 146 | 244 | 131 | 145 | 344 | 888 | 4 |
| Investments | 506 | 636 | 1,148 | 2,147 | 2,801 | 2,692 | 3,504 | 3,589 | 5,512 | 7,061 | 8,303 | 7,821 | 7,762 |
| Other Assets + | 2,058 | 2,278 | 2,004 | 1,923 | 2,271 | 2,603 | 3,351 | 3,274 | 2,775 | 2,508 | 2,425 | 2,595 | 3,043 |
| Total Assets | 3,745 | 3,759 | 4,378 | 5,273 | 6,197 | 6,507 | 7,946 | 8,898 | 10,148 | 11,421 | 12,651 | 13,841 | 14,637 |
Financials of Sun TV Network
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 1,162 | 1,299 | 1,296 | 1,371 | 1,824 | 1,656 | 1,464 | 1,634 | 2,096 | 2,171 | 1,665 | 1,802 |
| Cash from Investing Activity + | -518 | -401 | -716 | -1,294 | -1,113 | -406 | -1,152 | -1,026 | -1,553 | -1,313 | -1,064 | -1,308 |
| Cash from Financing Activity + | -635 | -737 | -475 | -475 | -596 | -1,222 | -249 | -603 | -631 | -697 | -618 | -525 |
| Net Cash Flow | 9 | 160 | 104 | -398 | 115 | 27 | 63 | 5 | -88 | 161 | -18 | -32 |
| Free Cash Flow | 723 | 1,259 | 763 | 856 | 1,270 | 996 | 1,235 | 504 | 1,775 | 1,660 | 1,281 | -409 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 92% | 145% | 101% | 96% | 98% | 92% | 97% | 102% | 112% | 106% | 105% | 105% |
Financials of Sun TV Network
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 115 | 115 | 107 | 131 | 109 | 142 | 165 | 149 | 143 | 107 | 111 | 121 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 115 | 115 | 107 | 131 | 109 | 142 | 165 | 149 | 143 | 107 | 111 | 121 |
| Working Capital Days | 113 | 137 | 89 | 89 | 78 | 102 | 102 | 106 | 87 | 70 | 74 | 69 |
| ROCE % | 35% | 32% | 41% | 39% | 42% | 30% | 29% | 27% | 25% | 26% | 20% | 16% |
Momentum score · price trend
33 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 | +5.3% | 64% |
| Last 6 months | +2.7% | 59% |
| Last 3 months | +17.4% | 88% |
The price is 45.1% below its all-time high of ₹1,077.1 (12 Jan 2018). Stocks more than 20% below their peak have their score halved, so 67 became 33.
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 Sun TV Network: 0.4 × 64 + 0.4 × 59 + 0.2 × 88 = 67, halved to 33 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 2 Nov 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.
Continue your research
What Sun TV Network's management said in earlier quarters
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