Nifty
Sensex
:
:
22555.75
72382.47
133.80 (0.60%)
472.77 (0.66%)

TV Broadcasting & Software Production

Rating :
33/99

BSE: 505537 | NSE: ZEEL

73.57
05-Oct-2026
  • Open
  • High
  • Low
  • Previous Close
  •  72.09
  •  74.57
  •  72.09
  •  71.92
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  15449821
  •  1132544836.45
  •  118.35
  •  68

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 7,055.02
  • 34.30
  • 1
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 5,739.22
  • 2.72%
  • 0.60

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 3.99%
  • 13.43%
  • 44.92%
  • FII
  • DII
  • Others
  • 20.11%
  • 7.61%
  • 9.94%

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 2.33
  • -0.21
  • -2.12

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • -14.74
  • -27.76
  • -17.58

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • -18.91
  • -23.79
  • 11.09

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 21.69
  • 23.76
  • 17.48

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 2.05
  • 1.58
  • 1.13

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 13.91
  • 12.76
  • 11.68

Earnings Forecasts:

(Updated: 03-10-2026)
Description
2026
2027
2028
2029
Adj EPS
2.82
5.72
7.56
9.13
P/E Ratio
26.09
12.86
9.73
8.06
Revenue
8098.9
8469.91
8816.55
9230.58
EBITDA
306.5
812.35
1059.73
1273.82
Net Income
273.1
556.07
736.49
889.72
ROA
1.95
5.42
6.28
7.3
P/B Ratio
0.60
0.58
0.56
0.53
ROE
2.35
4.61
5.91
6.96
FCFF
604.8
394.85
692.24
688.75
FCFF Yield
12.89
8.41
14.75
14.68
Net Debt
-2458.7
-1499.53
-1711.03
-1823.2
BVPS
122.06
126.27
132.12
138.54

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Jun 26
Jun 25
Var%
Mar 26
Mar 25
Var%
Dec 25
Dec 24
Var%
Sep 25
Sep 24
Var%
Net Sales
1,907.30
1,824.80
4.52%
2,024.80
2,184.10
-7.29%
2,280.10
1,978.80
15.23%
1,969.20
2,000.70
-1.57%
Expenses
1,807.70
1,585.90
13.99%
2,279.60
1,886.40
20.84%
2,024.50
1,658.10
22.10%
1,810.20
1,677.50
7.91%
EBITDA
99.60
238.90
-58.31%
-254.80
297.70
-
255.60
320.70
-20.30%
159.00
323.20
-50.80%
EBIDTM
5.22%
13.09%
-12.58%
13.63%
11.21%
16.21%
8.07%
16.15%
Other Income
31.20
25.00
24.80%
76.30
36.20
110.77%
18.40
34.50
-46.67%
26.40
33.70
-21.66%
Interest
13.20
7.70
71.43%
14.90
8.10
83.95%
9.20
10.80
-14.81%
13.00
8.30
56.63%
Depreciation
43.50
59.10
-26.40%
47.30
63.90
-25.98%
53.70
65.80
-18.39%
57.10
73.20
-21.99%
PBT
74.10
197.10
-62.40%
-240.70
261.90
-
201.70
197.70
2.02%
115.30
286.30
-59.73%
Tax
-0.20
53.50
-
-137.00
73.40
-
46.90
34.20
37.13%
38.90
76.90
-49.41%
PAT
74.30
143.60
-48.26%
-103.70
188.50
-
154.80
163.50
-5.32%
76.40
209.40
-63.51%
PATM
3.90%
7.87%
-5.12%
8.63%
6.79%
8.26%
3.88%
10.47%
EPS
0.79
1.50
-47.33%
-1.07
1.96
-
1.62
1.70
-4.71%
0.80
2.18
-63.30%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Net Sales
8,181.40
8,098.90
8,294.10
8,637.20
8,087.90
8,185.70
7,729.90
8,129.90
7,933.90
6,685.70
6,434.20
Net Sales Growth
2.42%
-2.35%
-3.97%
6.79%
-1.19%
5.90%
-4.92%
2.47%
18.67%
3.91%
 
Cost Of Goods Sold
0.00
262.80
138.10
395.10
-921.50
-983.10
-55.40
-1,496.90
-1,222.70
-931.60
-378.20
Gross Profit
8,181.40
7,836.10
8,156.00
8,242.10
9,009.40
9,168.80
7,785.30
9,626.80
9,156.60
7,617.30
6,812.40
GP Margin
100.00%
96.76%
98.33%
95.43%
111.39%
112.01%
100.72%
118.41%
115.41%
113.93%
105.88%
Total Expenditure
7,922.00
7,752.60
7,125.30
7,726.60
6,986.80
6,425.50
6,136.00
6,868.00
5,372.20
4,625.80
4,727.80
Power & Fuel Cost
-
22.80
18.30
18.50
19.10
15.10
15.80
19.10
18.50
18.10
15.80
% Of Sales
-
0.28%
0.22%
0.21%
0.24%
0.18%
0.20%
0.23%
0.23%
0.27%
0.25%
Employee Cost
-
842.40
926.60
1,018.80
823.80
826.00
818.30
771.50
724.90
665.70
604.30
% Of Sales
-
10.40%
11.17%
11.80%
10.19%
10.09%
10.59%
9.49%
9.14%
9.96%
9.39%
Manufacturing Exp.
-
4,659.70
4,456.20
4,724.40
5,462.30
5,079.10
3,850.20
5,378.20
4,339.80
3,490.30
3,178.10
% Of Sales
-
57.53%
53.73%
54.70%
67.54%
62.05%
49.81%
66.15%
54.70%
52.21%
49.39%
General & Admin Exp.
-
262.30
225.00
258.10
286.10
370.00
357.10
377.30
425.40
399.00
329.60
% Of Sales
-
3.24%
2.71%
2.99%
3.54%
4.52%
4.62%
4.64%
5.36%
5.97%
5.12%
Selling & Distn. Exp.
-
1,600.00
1,308.20
1,235.50
1,202.80
1,005.80
779.10
861.20
941.10
881.30
671.90
% Of Sales
-
19.76%
15.77%
14.30%
14.87%
12.29%
10.08%
10.59%
11.86%
13.18%
10.44%
Miscellaneous Exp.
-
102.60
52.90
76.20
114.20
112.60
370.90
957.60
145.20
103.00
671.90
% Of Sales
-
1.27%
0.64%
0.88%
1.41%
1.38%
4.80%
11.78%
1.83%
1.54%
4.76%
EBITDA
259.40
346.30
1,168.80
910.60
1,101.10
1,760.20
1,593.90
1,261.90
2,561.70
2,059.90
1,706.40
EBITDA Margin
3.17%
4.28%
14.09%
10.54%
13.61%
21.50%
20.62%
15.52%
32.29%
30.81%
26.52%
Other Income
152.30
198.50
166.70
129.70
85.50
136.60
110.40
396.60
257.30
449.90
224.00
Interest
50.30
44.80
32.70
72.10
70.20
43.80
57.10
144.90
130.40
144.80
137.20
Depreciation
201.60
217.20
278.50
309.10
312.70
221.30
264.90
270.60
234.70
182.10
115.20
PBT
150.40
282.80
1,024.30
659.10
803.70
1,631.70
1,382.30
1,243.00
2,453.90
2,182.90
1,678.00
Tax
-51.40
2.30
238.70
181.90
216.70
444.70
462.50
431.70
867.30
840.90
680.80
Tax Rate
-34.18%
0.84%
25.79%
47.78%
46.28%
29.68%
36.83%
45.03%
35.66%
36.28%
23.46%
PAT
201.80
273.10
687.40
199.20
251.40
1,062.60
800.10
526.50
1,567.10
1,479.20
2,221.30
PAT before Minority Interest
205.60
271.30
687.40
199.20
251.40
1,053.80
793.10
524.60
1,567.20
1,477.80
2,220.10
Minority Interest
3.80
1.80
0.00
0.00
0.00
8.80
7.00
1.90
-0.10
1.40
1.20
PAT Margin
2.47%
3.37%
8.29%
2.31%
3.11%
12.98%
10.35%
6.48%
19.75%
22.12%
34.52%
PAT Growth
-71.38%
-60.27%
245.08%
-20.76%
-76.34%
32.81%
51.97%
-66.40%
5.94%
-33.41%
 
EPS
2.10
2.84
7.16
2.07
2.62
11.06
8.33
5.48
16.32
15.40
23.13

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Shareholder's Funds
11,729.90
11,533.40
10,872.80
10,721.80
10,862.80
10,094.60
9,343.90
8,923.90
7,561.70
6,690.40
Share Capital
96.10
96.10
96.10
96.10
96.10
96.10
96.00
96.00
96.00
96.00
Total Reserves
11,633.80
11,437.30
10,776.70
10,623.20
10,763.30
9,995.10
9,244.80
8,825.90
7,464.90
6,594.20
Non-Current Liabilities
-115.20
-12.40
-125.00
-70.00
-148.40
-141.00
216.40
1,004.10
1,434.00
1,807.30
Secured Loans
1.70
2.60
3.20
4.00
2.10
1.40
52.60
2.00
0.90
1.10
Unsecured Loans
174.40
155.40
0.00
0.00
0.00
0.00
297.50
740.90
1,144.30
1,819.70
Long Term Provisions
141.30
157.90
167.10
136.20
104.00
154.60
140.50
135.00
89.20
76.80
Current Liabilities
2,149.20
1,800.30
2,245.90
2,632.20
2,217.20
2,537.10
2,572.20
2,990.70
2,119.80
1,668.40
Trade Payables
1,466.90
1,190.70
1,435.60
1,749.40
1,371.90
1,398.20
1,680.30
1,489.70
1,149.70
834.30
Other Current Liabilities
645.50
579.30
791.90
859.00
797.50
1,014.10
789.10
1,282.90
781.90
756.80
Short Term Borrowings
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Short Term Provisions
36.80
30.30
18.40
23.80
47.80
124.80
102.80
218.10
188.20
77.30
Total Liabilities
13,762.10
13,321.30
12,993.70
13,284.00
12,931.60
12,503.60
12,143.50
12,933.00
11,129.70
10,167.10
Net Block
858.60
956.60
1,154.90
1,309.70
1,116.80
1,139.20
1,235.10
1,259.40
1,320.60
800.60
Gross Block
2,889.20
2,863.40
2,870.00
2,779.70
2,556.20
2,539.30
2,395.90
2,082.50
1,901.20
1,221.00
Accumulated Depreciation
2,030.60
1,906.80
1,715.10
1,470.00
1,439.40
1,400.10
1,160.80
823.10
580.60
420.40
Non Current Assets
1,727.50
1,497.10
1,767.70
1,913.50
1,784.30
1,778.50
1,907.80
2,599.10
2,539.70
2,039.80
Capital Work in Progress
5.80
1.40
9.80
19.10
87.20
75.40
83.10
156.10
91.90
155.70
Non Current Investment
44.50
38.30
39.10
34.90
40.90
31.60
47.80
118.90
159.30
156.30
Long Term Loans & Adv.
760.50
385.90
509.70
490.20
429.90
455.20
460.80
891.60
794.00
785.00
Other Non Current Assets
11.10
66.90
5.20
9.60
1.20
25.10
1.30
18.00
18.40
27.20
Current Assets
12,016.30
11,817.80
11,143.20
11,227.40
11,144.50
10,650.90
10,141.20
10,333.90
8,590.00
8,127.30
Current Investments
1,230.30
1,156.40
0.00
0.00
24.20
766.70
277.00
857.60
1,369.60
1,186.80
Inventories
6,512.30
6,774.80
6,912.90
7,307.90
6,386.20
5,403.00
5,347.50
3,850.50
2,627.80
1,696.20
Sundry Debtors
1,724.30
1,532.50
1,701.60
1,608.80
1,737.50
1,945.20
2,128.60
1,827.40
1,536.50
1,241.80
Cash & Bank
1,493.50
1,250.00
1,193.20
804.00
1,273.30
1,090.70
734.50
1,221.80
1,611.70
2,613.30
Other Current Assets
1,055.90
91.80
134.60
173.30
1,723.30
1,445.30
1,653.60
2,576.60
1,444.40
1,389.20
Short Term Loans & Adv.
861.50
1,012.30
1,200.90
1,333.40
1,512.60
1,396.30
1,566.80
2,443.80
1,358.10
1,216.00
Net Current Assets
9,867.10
10,017.50
8,897.30
8,595.20
8,927.30
8,113.80
7,569.00
7,343.20
6,470.20
6,458.90
Total Assets
13,743.80
13,314.90
12,910.90
13,140.90
12,928.80
12,429.40
12,049.00
12,933.00
11,129.70
10,167.10

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Cash From Operating Activity
708.10
1,160.60
714.40
129.00
279.90
1,547.70
249.90
135.20
554.40
740.60
PBT
273.60
918.20
322.00
261.20
1,415.50
1,255.60
956.30
2,434.50
2,318.70
2,900.90
Adjustment
127.90
241.90
290.80
529.30
324.90
712.30
1,280.80
345.70
-79.70
-875.70
Changes in Working Capital
513.40
73.90
341.80
-272.20
-963.80
80.90
-1,675.80
-1,715.10
-855.00
-603.60
Cash after chg. in Working capital
914.90
1,234.00
954.60
518.30
776.60
2,048.80
561.30
1,065.10
1,384.00
1,421.60
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
-206.80
-73.40
-240.20
-389.30
-496.70
-501.10
-311.40
-929.90
-829.60
-681.00
Other Direct Exp. Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Extra & Other Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Cash From Investing Activity
-299.10
-1,578.10
-47.50
-201.50
577.10
-506.20
388.80
866.30
-1,049.70
1,396.90
Net Fixed Assets
20.10
27.80
-17.30
-282.50
-37.30
-36.10
-159.70
-96.20
-460.40
-228.70
Net Investments
-154.40
-1,182.10
-28.40
403.50
285.20
-596.00
717.90
415.60
424.30
-277.90
Others
-164.80
-423.80
-1.80
-322.50
329.20
125.90
-169.40
546.90
-1,013.60
1,903.50
Cash from Financing Activity
-339.40
22.80
-273.60
-408.30
-715.30
-540.80
-1,062.00
-966.40
-1,090.20
-413.80
Net Cash Inflow / Outflow
69.60
-394.70
393.30
-480.80
141.70
500.70
-423.30
35.10
-1,585.50
1,723.70
Opening Cash & Equivalents
720.40
1,113.10
717.90
1,198.70
1,048.50
552.90
967.70
934.50
2,511.60
859.60
Closing Cash & Equivalent
797.80
720.40
1,113.10
717.90
1,198.70
1,048.50
552.90
967.70
934.50
2,511.60

Financial Ratios

Consolidated /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Book Value (Rs.)
122.06
120.01
113.14
111.54
113.00
105.01
97.30
92.94
78.77
69.69
ROA
2.00%
5.22%
1.51%
1.92%
8.29%
6.44%
4.20%
13.01%
13.87%
24.58%
ROE
2.33%
6.14%
1.85%
2.33%
10.06%
8.16%
5.77%
18.99%
20.72%
38.64%
ROCE
2.70%
8.50%
4.20%
4.99%
14.45%
12.80%
11.00%
26.80%
27.39%
39.43%
Fixed Asset Turnover
2.82
2.89
3.06
3.03
3.21
3.13
3.63
3.98
4.28
4.43
Receivable days
73.39
71.16
69.95
75.51
82.11
96.18
88.80
77.38
75.84
73.46
Inventory Days
299.41
301.18
300.48
309.00
262.84
253.82
206.48
149.02
118.03
85.49
Payable days
1845.56
3470.67
1471.18
-618.16
-514.23
0.00
80.47
76.88
69.07
52.67
Cash Conversion Cycle
-1472.76
-3098.33
-1100.75
1002.67
859.18
350.00
214.81
149.52
124.80
106.29
Total Debt/Equity
0.02
0.01
0.00
0.00
0.00
0.04
0.07
0.12
0.20
0.33
Interest Cover
7.11
29.32
6.29
7.67
35.21
22.99
7.62
19.65
17.00
22.15

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