T.V. Today Network Limited (TVTODAY.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

+543.9%

₹648.95

vs ₹100.79 price

Levered DCF

₹436.21

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

C+

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	41.27×	12.67×	23.23×	12.24×	12.21×	12.04×	7.12×	14.37×
P/B	0.66×	1.06×	1.51×	1.3×	1.91×	1.6×	1.14×	2.1×
P/S	0.73×	0.95×	1.38×	1.23×	2.38×	2.02×	1.16×	2.54×
EV / EBITDA	9.13×	6.48×	9.71×	6.67×	7.7×	6.67×	3.74×	7.88×
Gross margin	40.1%	84.6%	87.1%	44.8%	54.7%	53.1%	89.0%	53.3%
Operating margin	0.1%	6.8%	6.9%	11.0%	22.5%	21.0%	20.9%	22.8%
Net margin	1.8%	7.5%	5.9%	10.0%	19.5%	16.8%	16.3%	17.7%
Current ratio	2.81×	3.6×	3.87×	3.91×	5.03×	4.07×	3.96×	4.39×
Debt / equity	0.02×	0.02×	0.04×	0.04×	0.03×	0.02×	0.02×	0×
Interest coverage	0.25×	27.91×	19.12×	29.02×	79.35×	67.34×	70.26×	205.61×
Dividend yield	3.0%	5.4%	1.4%	38.7%	0.7%	0.8%	13.4%	0.7%
Payout ratio	124.7%	68.1%	31.7%	473.3%	8.2%	10.2%	95.3%	10.2%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	1.6%	8.4%	6.5%	10.7%	15.7%	13.3%	16.0%	14.6%
Return on invested capital	0.0%	5.5%	5.3%	8.2%	13.1%	11.0%	12.6%	12.0%
Return on assets	1.3%	6.6%	5.0%	8.2%	12.9%	10.9%	12.8%	12.2%
Free cash flow yield	4.5%	11.2%	-0.3%	0.8%	9.4%	9.2%	18.9%	5.4%
Earnings yield	2.4%	7.9%	4.3%	8.2%	8.2%	8.3%	14.0%	7.0%
Enterprise value	₹5.7B	₹9.4B	₹13.1B	₹11B	₹22.2B	₹15.7B	₹9.7B	₹18.6B
Net debt / EBITDA	-0.35×	-0.01×	-0.01×	0.12×	0.01×	-0.04×	-0.09×	-0.1×
Cash conversion cycle (days)	51	-159	-213	13	-11	13	-271	13