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Employees: 3,007
Size Zee Entertainment Enterprises (ZEEL.NS) is an India Communication Services company (Broadcasting) with a market value of $651M, the 746th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹63.97 on 6 Nov 2026.
Performance Over six months the shares fell 32.4%, against -5.1% for the median peer and 0.0% for the India market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 6.0% over the last twelve months (peer median -1.5%); the operating margin is -0.8% (peer median 8.1%).
Valuation It trades at 14.3× forward earnings against a peer median of 14.2× (7th most expensive of 15).
Price implies For today's price to make sense, revenue must grow about 2% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is +1 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 19.6 points below its cost of capital (19.1% WACC).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹84.4B | ₹81.0B | ₹82.9B | ₹86.4B | ₹80.9B |
| Revenue growth | — | -2% | -4% | +7% | — |
| Gross profit | ₹23.6B | ₹21.7B | ₹25.6B | ₹22.5B | ₹24.7B |
| EBITDA | ₹1.22B | ₹3.68B | ₹12.4B | ₹9.74B | ₹10.6B |
| Net income | ₹1.77B | ₹2.73B | ₹6.79B | ₹1.41B | ₹478M |
| Free cash flow | n/a | ₹6.05B | ₹11.2B | ₹5.63B | -₹1.06B |
| Capital expenditure | n/a | ₹1.60B | ₹916M | ₹1.30B | ₹2.68B |
| Total debt | ₹648M | ₹2.65B | ₹3.21B | ₹2.30B | ₹2.82B |
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.
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 | ZEEL.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.8% | +4.3% | 4th lowest of 21 |
| 6-month return | -32.4% | -5.1% | 2nd lowest of 21 |
| Distance from 52-week high | -46.0% | -32.2% | 3rd lowest of 21 |
| Revenue growth (TTM) | +6.0% | -1.5% | 5th highest of 21 |
| Operating margin | -0.8% | 8.1% | 4th lowest of 21 |
| Forward P/E | 14.3× | 14.2× | 7th most expensive of 15 |
| Growth the price implies (Req g, 7 yrs) | 1.8% | 6.9% | 8th least demanding of 18 |
| Growth delivered (Del g) | +0.9% | +4.8% | 6th lowest of 18 |
| Hurdle (Req g minus delivered) | +0.8 pp | -0.6 pp | 9th most demanding of 18 |
| ROIC minus cost of capital | -19.6 pp | -0.8 pp | 2nd lowest of 20 |
| Net debt / EBITDA | -20.6× | 1.4× | least indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zee Entertainment Enterprises ZEEL.NS | India | $651M | -32% | +6% | -1% | 14.3× | 1.8% | +0.9% |
| CJ ENM 035760.KS | South Korea | $706M | -15% | -3% | 2% | 30.0× | -5.1% | +8.7% |
| TV Tokyo 9413.T | Japan | $582M | -15% | +2% | 6% | 12.7× | -18.7% | +3.5% |
| Gray Media GTN | United States | $520M | +11% | -11% | 14% | 2.7× | 2.2% | +5.4% |
| Entravision Communications EVC | United States | $830M | +26% | +71% | 8% | n/a | 13.5% | +5.4% |
| NRJ NRG.PA | France | $509M | -18% | -12% | 8% | 16.0× | n/a | n/a |
| Nine Entertainment NEC.AX | Australia | $895M | -15% | -18% | 9% | 8.2× | 7.4% | -1.3% |
| Newsmax NMAX | United States | $948M | +16% | +11% | -7% | n/a | n/a | n/a |
| Network18 Media & Invest NETWORK18.NS | India | $438M | -23% | -23% | -3% | n/a | n/a | n/a |
| Sinclair SBGI | United States | $989M | -4% | -6% | 6% | 230.3× | 10.9% | -11.8% |
| Shaanxi Broadcast & TV Network Intermediary (Group) 600831.SS | China | $351M | -15% | -26% | -141% | n/a | 12.3% | -16.8% |
| Digital Network DIG.WA | Poland | $335M | +44% | +121% | 41% | 20.2× | 14.3% | +33.9% |
| Rai Way RWAY.MI | Italy | $1.27B | -28% | +3% | 44% | 12.9× | -10.3% | +4.8% |
| iHeartMedia IHRT | United States | $309M | -69% | +3% | 7% | n/a | 7.9% | +5.6% |
| Atresmedia Corporacion de Medios de Comunicacion A3M.MC | Spain | $1.52B | +16% | +1% | 8% | 14.1× | 6.9% | +2.3% |
| Television Francaise 1 TFI.PA | France | $1.53B | -6% | -3% | 8% | 14.7× | -7.5% | +2.0% |
| Hebei Broadcasting Wireless Media 301551.SZ | China | $1.58B | -4% | -1% | 35% | n/a | 20.7% | -0.8% |
| Metropole Television MMT.PA | France | $1.60B | -4% | -2% | 11% | 12.5× | -0.9% | -0.3% |
| MFE-MediaForEurope MFEA.MI | Italy | $1.83B | -26% | +90% | 3% | 5.0× | 0.6% | +8.9% |
| TV Asahi 9409.T | Japan | $2.15B | +3% | +4% | 7% | 14.5× | -0.9% | +5.1% |
| Sun TV Network SUNTV.NS | India | $2.48B | +4% | -5% | 38% | 14.2× | 9.5% | +6.4% |