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SUNTV - Fundamental Analysis: Financial Health & Valuation

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Rating: 4

Last Updated Time : 19 Mar 26, 07:11 pm

Fundamental Rating: 4.0

Stock Code SUNTV Market Cap 23,733 Cr. Current Price 602 ₹ High / Low 691 ₹
Stock P/E 14.7 Book Value 306 ₹ Dividend Yield 2.50 % ROCE 20.4 %
ROE 15.7 % Face Value 5.00 ₹ DMA 50 578 ₹ DMA 200 583 ₹
Chg in FII Hold -0.24 % Chg in DII Hold 0.45 % PAT Qtr 320 Cr. PAT Prev Qtr 350 Cr.
RSI 54.4 MACD -0.04 Volume 3,06,028 Avg Vol 1Wk 2,32,794
Low price 480 ₹ High price 691 ₹ PEG Ratio 4.77 Debt to equity 0.01
52w Index 57.5 % Qtr Profit Var -7.94 % EPS 39.0 ₹ Industry PE 16.3

📊 Financial Overview

  • Revenue & Profit Growth: Quarterly PAT declined from ₹350 Cr. to ₹320 Cr. (-7.94%), showing short-term earnings pressure.
  • Margins: ROE at 15.7% and ROCE at 20.4% reflect solid profitability and efficient capital use.
  • Debt: Debt-to-equity ratio of 0.01 indicates negligible leverage, ensuring financial stability.
  • Cash Flow: Strong due to consistent broadcasting revenues and high dividend payout capacity.

💹 Valuation Indicators

  • P/E Ratio: 14.7 vs Industry PE of 16.3 → slightly undervalued compared to peers.
  • P/B Ratio: Current Price ₹602 vs Book Value ₹306 → ~1.97x, reasonable for a media leader.
  • PEG Ratio: 4.77 → indicates overvaluation relative to growth prospects.
  • Intrinsic Value: Estimated fair value near ₹570–590, suggesting current price is slightly above fair value.

📺 Business Model & Competitive Advantage

  • Leading South Indian broadcaster with strong regional dominance.
  • Revenue streams from TV broadcasting, digital platforms, and content syndication.
  • Competitive advantage lies in brand loyalty, regional content strength, and diversified media presence.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive between ₹570–590, closer to intrinsic value.
  • Long-Term Holding: Suitable for dividend-seeking investors; stable business but growth outlook is moderate.

✅ Positive

  • Strong ROCE (20.4%) and ROE (15.7%) highlight profitability.
  • Debt-to-equity ratio of 0.01 ensures financial stability.
  • DII holdings increased (+0.45%), showing domestic institutional confidence.

⚠️ Limitation

  • Quarterly PAT decline (-7.94%) indicates earnings pressure.
  • PEG ratio of 4.77 suggests overvaluation relative to growth.
  • Limited scalability compared to pan-India or global media players.

📉 Company Negative News

  • Decline in quarterly profits due to rising content costs.
  • FII holdings decreased (-0.24%), showing reduced foreign investor interest.

📈 Company Positive News

  • Strong dividend yield of 2.50% supports investor returns.
  • DII holdings increased, reflecting domestic confidence.
  • Stable broadcasting revenues with strong regional dominance.

🏭 Industry

  • Media industry is competitive, driven by advertising revenues and digital transformation.
  • Industry PE at 16.3 shows moderate valuation compared to SUNTV’s slightly lower P/E.
  • Shift toward digital streaming platforms poses both challenges and opportunities.

🔎 Conclusion

SUNTV remains a strong regional broadcaster with solid profitability, negligible debt, and attractive dividend yield. However, declining quarterly profits and high PEG ratio limit near-term growth potential. Entry around ₹570–590 offers better risk-reward. Long-term investors can hold for stable dividends and regional dominance, but growth prospects remain moderate compared to digital-first peers.

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