Arthneeti

Zee Entertainment Enterprises Q2 FY27 Share Price & Earnings Call Analysis

₹66.40-5.83% today
Market cap
₹6,382 Cr
P/E
30.48
ROE
2.40%
PEG
0.32
Price to sales
0.77
Debt to equity
0.02
52W high / low
₹116 / ₹64.2
Sales growth (5Y)
0.94%
EBITDA margin
3.17%
Net profit margin
3.42%
Promoter holding
3.99%
Sales (last year)
₹8,181 Cr

Zee Entertainment Enterprises is mainly in the following businesses: Broadcasting of Satellite Television Channels, Space Selling agent for other satellite television channels, and Sale of Media Content i.e. programs / film rights / feeds /music rights.

Guidance scorecard · Q2 FY27 call

What Zee Entertainment Enterprises Ltd's management guided
and where it ranks in Entertainment

#12of 12 in
Entertainment
Revenue10–20%MarginsWhat management saidCapexPlannedFundraisingPlannedOrder bookWhat management said

RevenueQ1 FY27 call

10–20%
  • Digital subscription revenue is expected to sustain growth, driven by strong content offerings, multilingual content slate, and continued subscriber renewals on ZEE5.
  • Advertising revenue is cautiously optimistic to stabilize and improve due to improved market share, upcoming festive season, and easing West Asia geopolitical tensions.
  • Strategic investments in sports (FIFA, Bundesliga, Serie A) and new sports channels (Unite8) are expected to enhance consumer engagement and boost revenue over the medium to long term.
  • Domestic linear TV network share reached a 7-year high of 20%, supporting stable growth in traditional revenue streams.
  • International markets are targeted for further subscription growth.
  • Content diversification into micro-dramas, kids’ entertainment, live events, VFX, and animation expected to contribute meaningfully.

2 more points from Zee Entertainment Enterprises Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

See what Zee Entertainment Enterprises Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Zee Entertainment is continuing investments in digital growth, including increased marketing spend on the "Bullet" platform targeting new-age consumers.
  • The company is investing in an expanded content offering, including original shows and multilingual content on ZEE5.
  • Strategic initiatives include launching new sports channels (Unite8) and acquiring rights for key global football properties like FIFA (2026-2034), Bundesliga, and Serie A.

2 more points from Zee Entertainment Enterprises Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

Planned

See what Zee Entertainment Enterprises Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Ask what Zee Entertainment Enterprises Ltd said on the order book →

Full Q1 FY27 analysis
Full Entertainment ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Entertainment
on management's own guidance

  1. Digikore Studios LtdGood growth
    2
  2. Phantom DigitalGood growth
    1
  3. Saregama India LtdGood growth
    3
See all potential multibaggersWhere does Zee Entertainment Enterprises Ltd rank?

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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

#CompanyRevenue guidedMargin guidedMarket capP/E
1Phantom Digital20–40%Up 2%+₹156 Cr4.8
2Digikore Studios Ltd20–40%Up 2%+₹42 Cr3.3
3Saregama India Ltd20–40%Flat₹9,718 Cr42.6
420–40%Flat₹1,108 Cr—
520–40%Flat₹520 Cr10.8
620–40%Flat₹472 Cr18.2

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Pro shows every company guiding 40%+ revenue growth →Full Entertainment ranking

Zee Entertainment Enterprises Ltd announcements

All announcements →

Financials of Zee Entertainment Enterprises Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Zee Entertainment Enterprises Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +3.99%3.99%3.99%3.99%3.99%3.99%3.99%3.99%3.99%3.99%3.99%3.99%
FIIs +28.19%19.18%18.90%18.52%20.05%22.83%24.81%25.43%24.21%25.33%20.11%18.08%
DIIs +43.42%35.30%22.27%19.05%17.87%15.87%16.75%13.92%11.98%10.79%7.81%7.34%
Government +0.15%0.15%0.15%0.15%0.13%0.13%0.11%0.11%0.11%0.11%0.10%0.00%
Public +24.24%41.38%54.67%58.30%57.96%57.18%54.33%56.56%59.70%59.78%67.97%70.59%
No. of Shareholders4,08,5186,27,6256,03,2716,78,8496,82,5966,92,5386,38,2226,43,0426,45,8306,25,2076,20,2276,20,103

Financials of Zee Entertainment Enterprises Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +2,4382,0462,1702,1302,0011,9792,1841,8251,9692,2802,0251,9072,225
Expenses +2,1051,8371,9601,8601,6781,6581,8861,5861,8102,0242,2801,8082,139
Operating Profit333209210270323321298239159256-25510086
OPM %14%10%10%13%16%16%14%13%8%11%-13%5%3.9%
Other Income +-55-27-11-1745-463625269763123
Interest2318768118813915132
Depreciation77767776736664595754474443
Profit before tax17787115172286198262197115202-2417463
Tax %31%33%88%31%27%17%28%27%34%23%-57%-0%28%
Net Profit +123581311820916418814476155-1047446
EPS in Rs1.280.610.141.232.181.701.961.500.801.62-1.080.770.47

Financials of Zee Entertainment Enterprises Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +4,8845,8126,4346,6867,9348,1307,7308,1868,0888,6378,2948,0998,437
Expenses +3,6244,3864,7114,6055,3706,8706,1236,4096,9817,7267,0827,7008,251
Operating Profit1,2601,4271,7232,0812,5641,2601,6061,7771,1079111,212399186
OPM %26%25%27%31%32%15%21%22%14%11%15%4.9%2.2%
Other Income +2221831,430565236112-29-111-459-20617137139
Interest1016013714513014557447072334540
Depreciation6778115182235271265221313309278217187
Profit before tax1,4041,3732,9012,3192,4349561,2561,40026432391827498
Tax %31%40%23%36%36%45%37%32%82%56%26%1%
Net Profit +9728242,2201,4781,56752579395648141680271171
EPS in Rs10.188.5723.1315.4016.325.488.3310.040.501.477.072.841.78
Dividend Payout %22%26%11%19%21%5%30%30%0%68%34%70%

Financials of Zee Entertainment Enterprises Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital96969696969696969696969696
Reserves3,4354,7086,5947,4668,8289,2489,99810,76710,62610,77711,43711,63412,309
Borrowings +2,0211,7162,2031,5261,1146504237628223032126565
Other Liabilities +1,4541,4461,3642,0422,8952,4242,3012,3002,7242,3471,8802,2202,209
Total Liabilities7,0067,96610,25811,13012,93312,41812,81913,24013,72813,45013,73414,21614,679
Fixed Assets +1,1381,3339161,4761,4141,3151,1911,2251,3601,2041,005906868
CWIP88110156921568375871910168
Investments9761,1481,3431,5299763257986535391,1951,2751,297
Other Assets +4,8055,3757,8438,03310,38610,69510,75411,86212,31512,19711,53312,02912,506
Total Assets7,0067,96610,25811,13012,93312,41812,81913,24013,72813,45013,73414,21614,679

Financials of Zee Entertainment Enterprises Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +6817317415541352501,5482801297141,161708
Cash from Investing Activity +-165161,325-1,041864397-511586-202-46-1,576-291
Cash from Financing Activity +-343-405-414-1,090-966-1,062-541-715-408-27423-339
Net Cash Flow1733421,652-1,57733-415496150-481395-39377
Free Cash Flow572459515300-1461051,37451-1276061,073553
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit87%92%83%67%42%45%128%44%47%105%102%229%

Financials of Zee Entertainment Enterprises Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days808570848496927773726778
Inventory Days526617624644824877663
Days Payable230239196167177210138
Cash Conversion Cycle8085703804635245697257405976778
Working Capital Days152147151180236294295340352326335322
ROCE %27%26%24%26%27%14%14%16%8%6%9%3%

Guidance history

How Zee Entertainment Enterprises Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%—PlannedPlanned—
Q4 FY26 call →10–20%FlatPlanned——
Q3 FY26 call →10–20%Up 0–2%—None planned—
Q2 FY26 call →0–10%Up 0–2%———

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

6out of 100

Momentum score · price trend

6 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−34.8%18%
Last 6 months−26.0%12%
Last 3 months−42.0%1%

The price is 88.9% below its all-time high of ₹600.35 (19 Jan 2018). Stocks more than 20% below their peak have their score halved, so 12 became 6.

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 Zee Entertainment Enterprises Ltd: 0.4 × 18 + 0.4 × 12 + 0.2 × 1 = 12, halved to 6 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.

Continue your research

What Zee Entertainment Enterprises Ltd's management said in earlier quarters

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