HT Media Limited (HTMEDIA.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+861.6%

₹225.21

vs ₹23.42 price

Levered DCF

₹149.15

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	-7.72×	201.89×	-7.96×	-1.52×	43.18×	-6.78×	-0.67×	-83.21×
P/B	0.37×	0.24×	0.37×	0.19×	0.37×	0.23×	0.11×	0.4×
P/S	0.33×	0.22×	0.38×	0.2×	0.51×	0.43×	0.12×	0.46×
EV / EBITDA	7.1×	5.83×	26.75×	106.16×	45.98×	14.65×	-14.06×	10.78×
Gross margin	47.8%	77.0%	44.2%	11.4%	17.2%	9.3%	63.7%	57.3%
Operating margin	2.6%	-7.2%	-11.8%	-13.9%	-5.9%	-20.5%	-2.0%	-0.4%
Net margin	-4.3%	0.1%	-4.8%	-13.3%	1.2%	-6.3%	-17.5%	-0.6%
Current ratio	1.11×	1.17×	1.03×	0.82×	1.12×	0.69×	0.9×	1.26×
Debt / equity	0.47×	0.43×	0.52×	0.48×	0.42×	0.4×	0.36×	0.43×
Interest coverage	0.79×	-1.94×	-2.63×	-3.17×	-1.65×	-4.24×	-0.41×	-0.08×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	4.0%	0.9%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-2.7%	-76.5%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-4.7%	0.1%	-4.7%	-12.6%	0.9%	-3.4%	-16.0%	-0.5%
Return on invested capital	1.7%	-4.3%	-4.4%	-7.8%	-2.6%	-4.0%	-1.2%	0.1%
Return on assets	-1.9%	0.0%	-2.0%	-5.5%	0.4%	-1.6%	-8.0%	-0.2%
Free cash flow yield	7.6%	8.5%	-14.8%	-21.4%	-7.9%	38.5%	4.7%	-0.4%
Earnings yield	-13.0%	0.5%	-12.6%	-65.7%	2.3%	-14.8%	-149.9%	-1.2%
Enterprise value	₹13.1B	₹10.5B	₹14.5B	₹11.5B	₹15.7B	₹12.5B	₹9.4B	₹19.3B
Net debt / EBITDA	3.88×	3.65×	14.92×	74.17×	23.52×	9.01×	-10.6×	5.2×
Cash conversion cycle (days)	10	-56	35	42	60	-42	-2	6