| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 233 | 241 | −3.7% |
| EBITDA | 10.1 | 19.0 | −47.0% |
| EBITDA margin | 4.3% | 7.9% | −3.5 pts |
| Profit before tax | 51.8 | 47.0 | +10.1% |
| Net profit | 36.8 | 35.2 | +4.6% |
| EPS | ₹0.76 | ₹0.74 | +2.7% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 1,165 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 368 | 164 | 1,467 | 1,670 | 1,375 | ||
| 38.0 | 41.3 | 40.1 | 43.4 | 48.7 | ||
| 835 | — | — | — | — | ||
| 967 | 974 | 1,005 | 1,081 | 1,130 | ||
| — | −3.1% | −7.0% | −4.4% | — | ||
| 51.2 | 68.4 | 112 | 155 | 152 | ||
| 5.3% | 7.0% | 11.2% | 14.3% | 13.5% | ||
| −31.2 | −22.8 | 6.3 | 41.9 | 32.9 | ||
| 148 | 166 | 197 | 213 | 236 | ||
| 15.3% | 17.0% | 19.6% | 19.7% | 20.9% | ||
| ₹3.14 | ₹3.48 | ₹4.20 | ₹4.50 | ₹5.09 | ||
| — | −17.1% | −6.8% | −11.6% | — | ||
| — | −16.6 | 18.3 | 84.0 | 139 | ||
| — | −41.0 | −41.4 | −53.8 | −99.3 | ||
| −57.6 | −57.6 | −23.1 | 30.1 | 40.0 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 1,165.2 | |
| - Cash, Equiv & ST Investments | 1,375.0 | 1,670.3 | 1,467.1 | 163.8 | 368.0 | |
| + Minority Interest | 48.7 | 43.4 | 40.1 | 41.3 | 38.0 | |
| Enterprise Value | — | — | — | — | 835.2 | |
| Revenue | 1,130.5 | 1,080.7 | 1,005.4 | 974.3 | 966.9 | |
| Growth %, YoY | — | -4.4 | -7.0 | -3.1 | — | |
| EBITDA | 152.1 | 154.7 | 112.1 | 68.4 | 51.2 | |
| Margin % | 13.46 | 14.32 | 11.15 | 7.02 | 5.29 | |
| EBIT | 32.9 | 41.9 | 6.3 | -22.8 | -31.2 | |
| Net Income | 236.4 | 212.8 | 196.7 | 165.6 | 148.2 | |
| Margin % | 20.91 | 19.69 | 19.57 | 17.00 | 15.32 | |
| EPS, Adj (current shares) | 5.09 | 4.50 | 4.20 | 3.48 | 3.14 | |
| Growth %, YoY | — | -11.6 | -6.8 | -17.1 | — | |
| Cash from Operations | 139.3 | 84.0 | 18.3 | -16.6 | — | |
| Capital Expenditures | -99.3 | -53.8 | -41.4 | -41.0 | — | |
| Free Cash Flow | 40.0 | 30.1 | -23.1 | -57.6 | -57.6 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Den Networks (NSE: DEN) had a market capitalisation of ₹1,189 crore at the 29 October 2026 close (₹24.94 a share), a PE ratio of 8.0 on the last four quarters' profit and a price-to-book ratio of 0.31. In FY26 its consolidated net profit was ₹166 crore on revenue of ₹974 crore; in Q2 FY27 (July–September 2026) it was ₹36.5 crore, up 3.7% year on year. It had no borrowings on 30 September 2026. Promoters held 74.90% of the shares on 30 September 2026.
Den Networks' PE ratio is 8.0 at the 29 October 2026 close (₹24.94 a share): a market capitalisation of ₹1,189 crore divided by consolidated net profit of ₹150 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹166 crore) it is 7.2.
Den Networks' net worth — shareholders' equity in its consolidated balance sheet — was ₹3,858 crore on 30 September 2026, up 4.0% from ₹3,709 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹1,189 crore at the 29 October 2026 close.
Den Networks' book value per share was ₹80.91 on 30 September 2026: shareholders' equity of ₹3,858 crore divided by the 47.68 crore shares in issue, up 4.0% from ₹77.80 a year earlier. The share price at the 29 October 2026 close was ₹24.94.
Den Networks' price-to-book (PB) ratio is 0.31 at the 29 October 2026 close: a market capitalisation of ₹1,189 crore divided by shareholders' equity (book value) of ₹3,858 crore on 30 September 2026. That is a book value of ₹80.91 per share against a share price of ₹24.94.
In FY26, Den Networks' return on equity (ROE) was 4.5% and its return on capital employed (ROCE) was −0.6%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 5.7% and ROCE 0.2%.
On 30 September 2026, Den Networks' shares were held by promoters 74.90%, foreign portfolio investors (FII/FPI) 0.33%, domestic institutions (DII) 0.00% (including mutual funds at 0.00%) and retail and other non-institutional investors 24.67%. Over the year, FII holding was down 0.15 percentage points from 0.48% and DII holding was down 0.14 percentage points from 0.14%.
Den Networks' market capitalisation was ₹1,189 crore at the 29 October 2026 close: 47.68 crore shares at ₹24.94 each.
Yes. Den Networks had no borrowings on 30 September 2026 (consolidated balance sheet), and it held ₹3,417 crore of cash, bank balances and current investments.
Den Networks' basic earnings per share (EPS) were ₹3.48 in FY26, against ₹4.20 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹3.14.
Den Networks' debt-to-equity ratio was 0.00 on 30 September 2026: no borrowings against total equity of ₹3,896 crore. A year earlier, on 30 September 2025, it was 0.00.
Promoters held 74.90% of Den Networks on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Den Networks generated ₹16.6 crore of cash from operations and spent ₹41 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹57.6 crore. In FY25 it was −₹23.1 crore.
Den Networks' latest results are for Q2 FY27 (July–September 2026), filed on 13 October 2026: consolidated net profit ₹36.5 crore, up 3.7% from ₹35.2 crore in Q2 FY26; revenue from operations ₹233 crore, down 3.7% year on year.
In FY26 (April 2025–March 2026), Den Networks' consolidated net profit was ₹166 crore, down 17.1% from ₹200 crore in FY25, on revenue from operations of ₹974 crore (down 3.1%). Over three years, from FY23, net profit was down 31.7%.
Den Networks has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
On FY26 consolidated figures, against New Delhi Television, TV Today Network and GTPL Hathway: Den Networks' operating margin of −2.3% is the third highest of the four (New Delhi Television −56.1%, TV Today Network 0.1%, GTPL Hathway 0.8%; peer average −18.4%); its return on equity of 4.5% is the highest of the four (New Delhi Television −345.1%, TV Today Network 1.6%, GTPL Hathway 1.4%; peer average −114.0%); its revenue growth over three years of −4.8% a year is the lowest of the four (New Delhi Television 11.0% a year, TV Today Network −2.7% a year, GTPL Hathway 11.8% a year; peer average 6.7% a year).
In FY26, Den Networks earned net profit of ₹166 crore on revenue of ₹974 crore, against ₹323 crore on ₹528 crore for New Delhi Television. Den Networks' operating margin was −2.3% (New Delhi Television −56.1%) and its return on equity 4.5% (New Delhi Television −345.1%). At the 29 October 2026 close, Den Networks' market capitalisation was ₹1,189 crore against ₹697 crore for New Delhi Television.
From Den Networks' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.