Zee Media Corporation Limited (ZEEMEDIA.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

-87.5%

₹0.87

vs ₹6.98 price

Levered DCF

₹13.34

After debt service

Piotroski score

3 / 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	221.67×	-6.89×	-7.36×	-7.82×	-8.02×	3.98×	-0.63×	-123.33×
P/B	1.88×	3.73×	2.5×	1.39×	2.06×	0.57×	0.46×	1.37×
P/S	0.55×	1.32×	1.13×	0.75×	1.09×	0.46×	0.27×	1.27×
EV / EBITDA	4.19×	-53.15×	-48.83×	15.19×	24.99×	2.77×	-2.26×	8.56×
Gross margin	32.0%	42.2%	76.1%	30.2%	85.1%	86.7%	82.7%	83.4%
Operating margin	0.2%	-20.7%	-14.5%	-5.7%	20.8%	21.6%	30.3%	27.0%
Net margin	0.3%	-19.2%	-15.4%	-9.5%	-13.6%	11.7%	-42.9%	-1.0%
Current ratio	0.65×	0.56×	0.47×	0.71×	1.67×	2.75×	1.59×	1.32×
Debt / equity	0.37×	0.79×	0.85×	0.51×	0.54×	0.69×	0.49×	0.3×
Interest coverage	0.07×	-4.23×	-3.88×	-1.39×	4.78×	5.82×	8.45×	11.03×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	0.8%	-54.1%	-34.0%	-17.8%	-25.8%	14.2%	-74.3%	-1.1%
Return on invested capital	-0.1%	-20.2%	-12.3%	-6.3%	24.5%	10.7%	33.5%	5.7%
Return on assets	0.2%	-13.6%	-10.2%	-7.9%	-12.1%	6.9%	-37.3%	-0.7%
Free cash flow yield	19.4%	6.4%	8.5%	7.2%	14.0%	26.1%	62.8%	-0.1%
Earnings yield	0.5%	-14.5%	-13.6%	-12.8%	-12.5%	25.1%	-160.0%	-0.8%
Enterprise value	₹4.9B	₹9.8B	₹9.6B	₹7.3B	₹11.6B	₹5.9B	₹3B	₹10.4B
Net debt / EBITDA	0.62×	-8.63×	-12.04×	4×	4.68×	1.34×	-1×	1.39×
Cash conversion cycle (days)	47	6	-145	7	41	190	17	0