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]
Business[1]Company is one of the largest Television Broadcasters in India operating Satellite Television Channels across six languages of Tamil, Telugu, Kannada, Malayalam, Marathi and Bangla and presently airing FM radio. The Company produces its own content / acquires the related rights. The Company is the owner of IPL franchise “SunRisers Hyderabad” & SunRisers Eastern Cape Cricket South Africa’s T20 League, and also opened a branch office in South Africa. The Company also operates an OTT platform “SUNNXT“
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Sun TV Network | 558.90 | 13.42 | 22040.62 | 2.68 | 329.79 | -12.15 | 1168.99 | 29.86 | 20.42 | 4128.37 | 53.92 | 1642.53 | 349.80 | 1.82 | 14.51 | 0.01 |
| 2. | Zee Entertainmen | 92.12 | 13.87 | 8868.63 | 2.64 | 76.50 | -62.13 | 1969.20 | -1.57 | 9.21 | 7956.90 | 12.77 | 639.31 | 76.50 | 0.76 | 5.53 | 0.02 |
| 3. | Sri Adhik. Bros. | 1769.30 | – | 4497.71 | 0.00 | -1.86 | -3820.00 | 0.03 | -97.25 | 39.22 | 5.05 | -9.11 | -1.46 | -1.86 | – | 0.70 | 0.12 |
| 4. | Hathway Cable | 12.42 | 22.40 | 2201.99 | 0.00 | 18.25 | -29.04 | 536.67 | 4.67 | 3.03 | 2091.47 | 16.37 | 98.30 | 18.25 | 0.50 | 1.91 | 0.00 |
| 5. | Den Networks | 31.98 | 7.97 | 1528.55 | 0.00 | 35.17 | -32.45 | 241.43 | -3.07 | 5.28 | 991.50 | 9.37 | 191.87 | 35.16 | 0.41 | 3.68 | 0.01 |
| 6. | GTPL Hathway | 98.88 | 27.27 | 1109.48 | 2.02 | 7.40 | -27.93 | 959.05 | 12.10 | 5.90 | 3641.01 | 11.59 | 40.68 | 9.21 | 0.97 | 1.58 | 0.33 |
| 7. | NDTV | 95.87 | – | 1082.43 | 0.00 | -74.01 | -40.44 | 122.27 | 9.84 | -47.81 | 489.71 | -41.88 | -261.06 | -74.11 | – | -34.14 | – |
| – | Median: 12 Co. | 67.3 | 19.26 | 1095.95 | 0.0 | 0.26 | -30.75 | 214.49 | 1.07 | 5.9 | 929.22 | 10.48 | 16.31 | 1.12 | 0.96 | 1.75 | 0.02 |
Standalone figures in ₹ crores
| Dec 2022 | Dec 2023 | Dec 2024 | Jun 2023 | Jun 2024 | Jun 2025 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 858 | 885 | 794 | 1,318 | 1,276 | 1,257 | 814 | 927 | 909 | 796 | 1,018 | 900 | 1,169 |
Expenses | 284 | 312 | 361 | 531 | 570 | 640 | 326 | 419 | 482 | 272 | 302 | 371 | 419 |
Operating Profit | 573 | 574 | 432 | 786 | 706 | 617 | 488 | 509 | 427 | 525 | 716 | 529 | 750 |
Other Income | 94 | 129 | 134 | 116 | 140 | 180 | 81 | 130 | 153 | 86 | 107 | 164 | 104 |
Profit before tax | 557 | 591 | 455 | 815 | 736 | 692 | 492 | 534 | 465 | 534 | 608 | 498 | 452 |
Tax % | 25% | 26% | 24% | 28% | 26% | 24% | 26% | 25% | 22% | 25% | 25% | 20% | 27% |
Net Profit | 416 | 437 | 347 | 583 | 547 | 529 | 366 | 399 | 362 | 401 | 456 | 398 | 330 |
EPS in Rs | 10.56 | 11.10 | 8.81 | 14.79 | 13.88 | 13.41 | 9.28 | 10.12 | 9.19 | 10.17 | 11.58 | 10.10 | 8.37 |
Standalone Figures in ₹ Crores / Yearly
| 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 | 2,097 | 2,244 | 2,395 | 2,558 | 2,862 | 3,663 | 3,404 | 3,117 | 3,505 | 3,661 | 4,148 | 3,879 | 4,128 |
Expenses | 635 | 629 | 1,211 | 820 | 903 | 1,099 | 1,168 | 1,049 | 1,241 | 1,312 | 1,563 | 1,783 | 1,902 |
Operating Profit | 1,462 | 1,614 | 1,185 | 1,739 | 1,959 | 2,564 | 2,236 | 2,068 | 2,264 | 2,349 | 2,585 | 2,095 | 2,226 |
Other Income | 79 | 88 | 637 | 144 | 140 | 220 | 249 | 271 | 245 | 362 | 482 | 590 | 572 |
Interest | 3 | 2 | 2 | 1 | 1 | 2 | 8 | 22 | 29 | 5 | 5 | 10 | 10 |
Depreciation | 453 | 588 | 485 | 391 | 440 | 647 | 679 | 382 | 287 | 468 | 514 | 522 | 724 |
Profit before tax | 1,085 | 1,112 | 1,334 | 1,490 | 1,658 | 2,136 | 1,798 | 1,935 | 2,193 | 2,238 | 2,549 | 2,154 | 2,064 |
Net Profit | 717 | 737 | 870 | 979 | 1,093 | 1,395 | 1,372 | 1,520 | 1,645 | 1,675 | 1,875 | 1,654 | 1,568 |
EPS in Rs | 18.19 | 18.71 | 22.07 | 24.85 | 27.74 | 35.39 | 34.81 | 38.58 | 41.74 | 42.49 | 47.58 | 41.98 | 39.78 |
Dividend Payout % | 52% | 60% | 70% | 40% | 36% | 21% | 72% | 13% | 33% | 35% | 35% | 36% | – |
Standalone figures in ₹ crores
| 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 | 197 | 197 | 197 | 197 | 197 | 197 | 197 | 197 | 197 | 197 | 197 | 197 | 197 |
Reserves | 2,975 | 3,183 | 3,321 | 3,825 | 4,443 | 5,243 | 5,427 | 6,752 | 7,856 | 8,941 | 10,156 | 11,220 | 11,881 |
Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 41 | 58 | 32 | 8 | 96 | 89 |
Other Liabilities | 307 | 211 | 265 | 328 | 550 | 629 | 693 | 788 | 622 | 785 | 815 | 829 | 794 |
Total Liabilities | 3,479 | 3,591 | 3,782 | 4,350 | 5,190 | 6,069 | 6,317 | 7,778 | 8,733 | 9,955 | 11,176 | 12,342 | 12,961 |
Fixed Assets | 1,242 | 1,074 | 820 | 1,102 | 1,039 | 936 | 946 | 768 | 1,633 | 1,591 | 1,585 | 1,467 | 1,791 |
Gross Block | 3,721 | 4,110 | 1,529 | 1,930 | 2,289 | 2,819 | 3,492 | 3,688 | 4,834 | 5,099 | 5,607 | 5,880 | – |
Accumulated Depreciation | 2,479 | 3,036 | 709 | 828 | 1,249 | 1,883 | 2,546 | 2,920 | 3,201 | 3,508 | 4,021 | 4,413 | – |
CWIP | 0 | 0 | 1 | 1 | 46 | 13 | 66 | 146 | 244 | 131 | 145 | 344 | 14 |
Investments | 677 | 694 | 864 | 1,454 | 2,412 | 3,050 | 2,949 | 3,764 | 3,857 | 5,631 | 7,075 | 8,242 | 8,861 |
Other Assets | 1,560 | 1,823 | 2,098 | 1,792 | 1,693 | 2,070 | 2,355 | 3,100 | 3,000 | 2,602 | 2,372 | 2,289 | 2,295 |
Total Assets | 3,479 | 3,591 | 3,782 | 4,350 | 5,190 | 6,069 | 6,317 | 7,778 | 8,733 | 9,955 | 11,176 | 12,342 | 12,961 |
Standalone Figures in ₹ Crores / Yearly
| 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 | 1,158 | 1,141 | 1,256 | 1,301 | 1,344 | 1,777 | 1,610 | 1,444 | 1,614 | 2,057 | 2,137 | 1,625 |
Cash from Investing Activity | -751 | -499 | -359 | -724 | -1,265 | -1,065 | -366 | -1,142 | -1,009 | -1,524 | -1,288 | -1,049 |
Cash from Financing Activity | -431 | -635 | -737 | -475 | -475 | -596 | -1,217 | -243 | -596 | -621 | -692 | -611 |
Net Cash Flow | -24 | 7 | 160 | 102 | -397 | 116 | 28 | 59 | 9 | -89 | 158 | -35 |
Standalone Figures in ₹ Crores / Yearly
| 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 | 99 | 111 | 112 | 103 | 129 | 108 | 140 | 163 | 148 | 143 | 107 | 111 |
Inventory Days | – | – | – | – | – | – | – | – | – | – | – | – |
Days Payable | – | – | – | – | – | – | – | – | – | – | – | – |
Cash Conversion Cycle | 99 | 111 | 112 | 103 | 129 | 108 | 140 | 163 | 148 | 143 | 107 | 111 |
Working Capital Days | 86 | 114 | 137 | 87 | 85 | 77 | 104 | 101 | 106 | 88 | 70 | 71 |
ROCE % | 36% | 34% | 31% | 39% | 38% | 41% | 30% | 30% | 28% | 25% | 26% | 20% |
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Stock Analysis
Sun TV Network Limited is a prominent Indian media conglomerate, primarily engaged in television broadcasting across six languages, along with movie production and distribution under Sun Pictures. It also operates an OTT platform, SUNNXT.
The company's growth drivers include its strong presence in regional television broadcasting, expansion of its digital platform (SUNNXT), and its film production unit (Sun Pictures). Ownership of sports franchises also plays a role.
Currently no data available for Order Book.
Historically, the company has experienced periods of poor sales growth. However, it maintains a debt-free status and a healthy dividend payout policy.
The company has submitted its regulatory compliance certificate for the quarter ended December 31, 2025, as per SEBI (Depositories and Participants) Regulations, 2018.
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