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Operates South Indian regional TV channels (Sun TV, Gemini, KTV), FM radio and satellite DTH, plus an IPL cricket team.
Operates South Indian regional TV channels (Sun TV, Gemini, KTV), FM radio and satellite DTH, plus an IPL cricket team.
Advertising is the largest source of income, followed by subscription fees from cable and satellite distributors for carrying its channels, with the cricket franchise's share of league media-rights income as a separate line. The Maran family, led by chairman Kalanithi Maran, controls it.
Moat: narrow (brand, scale, distribution). Dominant regional-language content library and distribution reach in South India, though Star/Disney and Zee compete for viewers and ad spend.
Headquarters: Chennai, India · Founded: 1993 · Employees: 1,010
Size Sun TV Network (SUNTV.NS) is an India Communication Services company (Broadcasting) with a market value of $2.48B, the 323rd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹595.45 on 6 Nov 2026.
Performance Over six months the shares gained 4.3%, against -4.1% for the median peer and 0.0% for the India market (cap-weighted) — 5th highest of 19 in its peer set.
Growth Revenue fell 4.9% over the last twelve months (peer median +3.5%); the operating margin is 38.0% (peer median 8.1%).
Valuation It trades at 14.2× forward earnings against a peer median of 14.1× (8th most expensive of 16).
Price implies For today's price to make sense, revenue must grow about 10% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is +3 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 2.2 points above its cost of capital (14.7% WACC).
Next results Next results expected around 5 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹41.4B | ₹43.3B | ₹40.2B | ₹42.8B | ₹37.7B |
| Revenue growth | — | +8% | -6% | +14% | — |
| Gross profit | ₹22.9B | ₹23.3B | ₹22.8B | ₹27.1B | ₹24.4B |
| EBITDA | ₹20.0B | ₹22.6B | ₹22.2B | ₹27.0B | ₹24.3B |
| Net income | ₹15.4B | ₹14.4B | ₹17.0B | ₹19.3B | ₹17.1B |
| Free cash flow | n/a | ₹19.5B | ₹18.7B | ₹18.6B | ₹17.1B |
| Capital expenditure | n/a | ₹22.1B | ₹3.84B | ₹5.11B | ₹5.70B |
| Total debt | ₹1.08B | ₹1.06B | ₹1.24B | ₹378M | ₹629M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Sun TV Network SUNTV.NS | $2.48B | +4% | -5% | 38% | 14.2× | 9.5% |
| Zee Entertainment Enterprises ZEEL.NS | $651M | -32% | +6% | -1% | 14.3× | 1.8% |
| Network18 Media & Invest NETWORK18.NS | $438M | -23% | -23% | -3% | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SUNTV.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.5% | +4.8% | 4th lowest of 19 |
| 6-month return | +4.3% | -4.1% | 5th highest of 19 |
| Distance from 52-week high | -11.7% | -30.2% | 3rd highest of 19 |
| Revenue growth (TTM) | -4.9% | +3.5% | 3rd lowest of 19 |
| Operating margin | 38.0% | 8.1% | 2nd highest of 19 |
| Forward P/E | 14.2× | 14.1× | 8th most expensive of 16 |
| Growth the price implies (Req g, 7 yrs) | 9.5% | 1.8% | 4th most demanding of 16 |
| Growth delivered (Del g) | +6.4% | +2.0% | 3rd highest of 16 |
| Hurdle (Req g minus delivered) | +3.1 pp | +0.8 pp | 8th most demanding of 16 |
| ROIC minus cost of capital | +2.2 pp | -0.9 pp | 4th highest of 18 |
| EV / EBITDA | 8.5× | 8.1× | 8th most expensive of 16 |
| Net debt / EBITDA | -3.3× | 0.6× | 2nd least indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sun TV Network SUNTV.NS | India | $2.48B | +4% | -5% | 38% | 14.2× | 9.5% | +6.4% |
| TV Asahi 9409.T | Japan | $2.15B | +3% | +4% | 7% | 14.5× | -0.9% | +5.1% |
| SKY Perfect JSAT 9412.T | Japan | $3.13B | -50% | +8% | 30% | 17.2× | 6.2% | -1.8% |
| MFE-MediaForEurope MFEA.MI | Italy | $1.83B | -26% | +90% | 3% | 5.0× | 0.6% | +8.9% |
| Fuji Media 4676.T | Japan | $3.62B | +2% | +9% | 3% | 12.1× | n/a | n/a |
| Metropole Television MMT.PA | France | $1.60B | -4% | -2% | 11% | 12.5× | -0.9% | -0.3% |
| Hebei Broadcasting Wireless Media 301551.SZ | China | $1.58B | -4% | -1% | 35% | n/a | 20.7% | -0.8% |
| Television Francaise 1 TFI.PA | France | $1.53B | -6% | -3% | 8% | 14.7× | -7.5% | +2.0% |
| Atresmedia Corporacion de Medios de Comunicacion A3M.MC | Spain | $1.52B | +16% | +1% | 8% | 14.1× | 6.9% | +2.3% |
| Nippon Television 9404.T | Japan | $4.57B | -3% | +3% | 13% | 12.9× | -7.5% | +4.4% |
| Rai Way RWAY.MI | Italy | $1.27B | -28% | +3% | 44% | 12.9× | -10.3% | +4.8% |
| Tbs 9401.T | Japan | $5.81B | +8% | +5% | 5% | 18.1× | n/a | n/a |
| Nexstar Media NXST | United States | $5.85B | -6% | +11% | 18% | 6.2× | 5.5% | +1.9% |
| Sinclair SBGI | United States | $989M | -4% | -6% | 6% | 230.3× | 10.9% | -11.8% |
| Newsmax NMAX | United States | $948M | +16% | +11% | -7% | n/a | n/a | n/a |
| Nine Entertainment NEC.AX | Australia | $895M | -15% | -18% | 9% | 8.2× | 7.4% | -1.3% |
| Entravision Communications EVC | United States | $830M | +26% | +71% | 8% | n/a | 13.5% | +5.4% |
| CJ ENM 035760.KS | South Korea | $706M | -15% | -3% | 2% | 30.0× | -5.1% | +8.7% |
| Zee Entertainment Enterprises ZEEL.NS | India | $651M | -32% | +6% | -1% | 14.3× | 1.8% | +0.9% |