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Hindustan Media Ventures Limited (HMVL) · mywealthgrid

Hindustan Media Ventures Limited

NSE:HMVL BSE:HMVL

Consumer DiscretionaryMedia

₹77.4

+1.95%1 Oct close

Mkt cap

₹571 Cr

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About

Hindustan Media Ventures Limited operates in print media, a Consumer Discretionary segment with quarterly revenues around ₹196–216 Cr and a market capitalization of ₹638.54 Cr. It is a modest-scale publisher positioned in a structurally challenged industry.

Face value: ₹10

Market cap

₹571 Cr

P/E

6.4×

P/B

0.4×

Dividend yield

ROE

3.1%

ROCE

11.7%

Debt / equity

0.04

OPM

15.2%

EPS (TTM)

₹12.2

Book value

₹215.5

52-week high

—

52-week low

—

Key insights

Company research notes and source-linked reviews

Key risks

Profitability is highly volatile: operating margins ranged from -4.91% to +30.33% across four recent quarters, with net profit falling to ₹0.66–0.89 Cr in December 2025 versus ₹50.87 Cr in June 2026. Verify whether this reflects seasonal patterns, operational control issues, or accounting timing.
ROE of 3.12% is extremely low despite stable revenue and conservative leverage (D/E 0.04), indicating capital is not deployed efficiently. Verify whether this is structural or a cyclical trough.
No dividends have been distributed since September 2019, breaking a historical pattern of annual payouts through 2019. Verify current cash flow position and management's capital allocation rationale.
Print advertising faces secular pressure from digital substitution. Verify the company's advertising-revenue exposure, any digital revenue contribution, and sensitivity to economic cycles.

Generated analysis · source review pending

Growth drivers

June 2026 net profit of ₹50.87 Cr is the strongest in the dataset; verify whether this reflects sustainable profitability or a rebound from near-breakeven quarters in late 2025.
Operating margin reached 30.33% in March 2026 despite revenue of ₹215.53 Cr; verify what operational or one-time factors drove this peak and whether it can be sustained.
Quarterly revenue remained flat at ₹196–216 Cr across four quarters with no growth trend; verify whether the company has initiatives to expand the top line or operates in a mature market.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹77.4+7%1Y

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 24.2×
+High promoter holding of 74.4% with no pledge

Cons

−Low return on equity of 3% (3-yr avg)
−Profit declined 6.9% a year over the last 5 years
−Modest revenue growth of 6.3% a year over the last 5 years

Research score

Structured signal from quality, growth, valuation and momentum.

66/100

Business quality: 51
Growth: 49
Valuation: 98

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	880	796	545	669	713	704	733	740
COGS	358	282	174	244	314	252	208	219
Gross profit	522	514	371	425	399	452	525	520
	350	418	368	419	483	527	557	408
	172	97	3	6	-84	-74	-32	112
OPM %	19.6%	12.1%	0.5%	1%	-11.8%	-10.6%	-4.4%	15.2%
Depreciation	20	31	30	30	31	27	21	17
Interest	11	9	9	9	17	13	7	8
	93	109	118	78	78	107	140	-17
Profit before tax	234	165	81	45	-54	-8	81	70
Tax	58	49	12	4	-16	-18	3	22
Tax %	25%	29.6%	14.7%	9.5%	-29.5%	-231.4%	3.5%	30.7%
	175	116	69	41	-38	10	78	49
PAT margin %	19.9%	14.6%	12.7%	6.1%	-5.3%	1.4%	10.6%	6.6%
EPS (₹)	23.9	15.8	9.4	5.5	-5.2	1.4	10.6	6.6
EPS adjusted (₹)	—	15.8	9.4	5.5	-5.2	1.4	10.6	6.6
	5%	0%	0%	0%	—	0%	0%	—
Annual report	Annual report for Mar 2018	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	74	74	74	74	74	74	74
Reserves	—	1,511	1,516	1,402	1,405	1,461	1,514
	—	78	117	57	55	13	66
	—	443	477	654	714	738	812
Total equity & liabilities	—	2,106	2,184	2,186	2,248	2,285	2,466
	288	247	230	175	219	200	180
CWIP	—	16	20	35	3	0	0
Investments	—	1,498	1,608	1,525	1,569	1,679	1,924
	—	344	327	451	457	406	360
Total assets	—	2,106	2,184	2,186	2,248	2,285	2,466

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Printing & publishing of newspapers & periodicals	729.5	113.16	346.26	708.16	—	—
Unallocated	10.14	-18.25

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	59.3%	64.6%	68.1%	63.5%	56%	64.2%	71.6%	70.3%
EBITDA margin %	20.6%	12.5%	1.2%	1.3%	-12.1%	-10.6%	-4.4%	15.2%
EBIT margin %	18.3%	8.6%	-4.4%	-3.1%	-16.5%	-14.4%	-7.2%	12.8%
PAT margin %	19.9%	14.6%	12.7%	6.1%	-5.3%	1.4%	10.6%	6.6%
Working capital
Receivable days	—	—	83	60	61	66	53	62
Inventory days	—	—	114	115	74	70	57	53
Payable days	—	—	202	120	124	163	169	226
NWC days	—	—	-5	55	11	-26	-59	-111
Leverage
Current ratio	—	—	1.2	1.9	1.23	1.5	1.75	1.51
Debt to EBITDA	—	—	12.05	13.21	—	—	—	0.59
Debt to equity	—	—	0.05	0.07	0.04	0.04	0.01	0.04
Interest coverage	22.4	18.7	10.8	6	-2.4	0.4	13.2	24.2
Asset turnover	—	—	0.26	0.31	0.33	0.31	0.32	0.3
Return ratios
Return on assets %	—	—	3.3%	1.9%	-1.7%	0.4%	3.4%	2%
Return on capital employed %	—	—	5.7%	3.5%	-2.5%	0.3%	5.7%	11.7%
Return on equity %	—	—	4.4%	2.6%	-2.6%	0.7%	5.1%	3.1%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.4%	74.4%	74.4%	74.4%	74.4%	74.4%	74.4%	74.4%	74.4%	74.4%	74.4%	74.4%
	0.16%	0.32%	0.18%	0.19%	0.2%	0.2%	0.16%	0.16%	0.16%	0.11%	0.1%	0.1%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0.07%	0.07%	0.07%
	25.13%	24.97%	25.21%	25.2%	25.19%	25.19%	25.23%	25.23%	25.23%	25.21%	25.22%	25.22%
No. of shareholders	—	—	—	—	—	—	—	—	17,941	17,885	17,277	16,498

Promoter holding up 0 percentage points since Sep 2023.

9 deals · 10 Nov 2022 – 17 Nov 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
17 Nov 2025	MATHEW CYRIAC	Bulk	NSE	Sell	15,40,000	₹74.39	₹11.46 Cr
17 Nov 2025	ELIMATH ADVISORS PRIVATE LIMITED	Bulk	NSE	Buy	15,40,000	₹74.39	₹11.46 Cr
14 Nov 2025	MATHEW CYRIAC	Bulk	NSE	Sell	30,84,649	₹71.01	₹21.90 Cr
14 Nov 2025	ELIMATH ADVISORS PRIVATE LIMITED	Bulk	NSE	Buy	30,84,649	₹71.02	₹21.91 Cr
22 Feb 2024	SHALU AGGARWAL	Bulk	NSE	Buy	4,37,963	₹121.62	₹5.33 Cr
23 Mar 2023	MATHEW CYRIAC	Bulk	BSE	Buy	25,73,868	₹46.60	₹11.99 Cr
23 Mar 2023	ELIZABETH MATHEW	Bulk	BSE	Sell	25,73,868	₹46.60	₹11.99 Cr
10 Nov 2022	MATHEW ELIZABETH	Bulk	NSE	Buy	21,50,000	₹51.06	₹10.98 Cr
10 Nov 2022	STEINBERG INDIA EMERGING OPPORTUNITIES FUND LIMITED	Bulk	NSE	Sell	21,22,780	₹51.00	₹10.83 Cr

1–9 of 9

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mrs. Shobhana BhartiaNon-Executive - Non Independent Director-Chairperson related to Promoter
Mr. Priyavrat BhartiaNon-Executive - Non Independent Director
Mr. Shamit BhartiaNon-Executive - Non Independent Director
Mr. Sameer SinghExecutive Director-MD
Mr. Sharad BhansaliNon-Executive - Independent Director
Mr. Vikas AgnihotriNon-Executive - Independent Director
Mr. Sameer SinghChief Executive Officer
Mrs. Suchitra RajendraNon-Executive - Independent Director
Mrs. Ruchira KambojNon-Executive - Independent Director
Mr. Samudra BhattacharyaChief Executive Officer
Ms. Anna AbrahamChief Financial Officer

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Hindustan Media Ventures Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Investor Presentation and earnings call

Jun 2026Transcript AI Summary PPTREC
Feb 2026Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

9

Dividend dividend9 Sept 2019 · ex-date₹1.2
Dividend dividend7 Sept 2018 · ex-date₹1.2
Dividend dividend11 Sept 2017 · ex-date₹1.2
Dividend dividend1 Sept 2016 · ex-date₹1.2
Dividend dividend19 Aug 2015 · ex-date₹1.2
Dividend dividend27 Aug 2014 · ex-date₹1.2
Dividend dividend8 Aug 2013 · ex-date₹1.2
Dividend dividend27 Aug 2012 · ex-date₹1.2
Dividend dividend6 Jul 2011 · ex-date₹1

1

Board meeting to consider results4 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

22 announcementsExport CSV

8 Sept 2026, 7:53 pmCompany Update

Announcement under Regulation 30 (LODR)-Acquisition

Acquisition PDF

1 Sept 2026, 1:43 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

31 Aug 2026, 5:20 pmCompany Update

Letter Dispatched To The Shareholders Whose Email Ids Are Not Registered

General PDF

31 Aug 2026, 1:31 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

31 Aug 2026, 1:23 pmAGM/EGM

Notice Of AGM And Annual Report For FY-26

AGM PDF

21 Aug 2026, 11:48 amCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

10 Aug 2026, 6:21 pmCompany Update

Announcement under Regulation 30 (LODR)-Acquisition

Acquisition PDF

29 Jul 2026, 1:40 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

Date	Category	Subject	Filing
8 Sept 2026, 7:53 pm	Company Update Acquisition	Announcement under Regulation 30 (LODR)-Acquisition	PDF
1 Sept 2026, 1:43 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication

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Ratio	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	59.3%	64.6%	68.1%	63.5%	56%	64.2%	71.6%	70.3%
EBITDA margin %	20.6%	12.5%	1.2%	1.3%	-12.1%	-10.6%	-4.4%	15.2%
EBIT margin %	18.3%	8.6%	-4.4%	-3.1%	-16.5%	-14.4%	-7.2%	12.8%
PAT margin %	19.9%	14.6%	12.7%	6.1%	-5.3%	1.4%	10.6%	6.6%
Working capital
Receivable days	—	—	83	60	61	66	53	62
Inventory days	—	—	114	115	74	70	57	53
Payable days	—	—	202	120	124	163	169	226
NWC days	—	—	-5	55	11	-26	-59	-111
Leverage
Current ratio	—	—	1.2	1.9	1.23	1.5	1.75	1.51
Debt to EBITDA	—	—	12.05	13.21	—	—	—	0.59
Debt to equity	—	—	0.05	0.07	0.04	0.04	0.01	0.04
Interest coverage	22.4	18.7	10.8	6	-2.4	0.4	13.2	24.2
Asset turnover	—	—	0.26	0.31	0.33	0.31	0.32	0.3
Return ratios
Return on assets %	—	—	3.3%	1.9%	-1.7%	0.4%	3.4%	2%
Return on capital employed %	—	—	5.7%	3.5%	-2.5%	0.3%	5.7%	11.7%
Return on equity %	—	—	4.4%	2.6%	-2.6%	0.7%	5.1%	3.1%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
D.b.corp LimitedDBCORPDBCORP	₹3,076 Cr	₹3,097 Cr	₹2,400 Cr	₹514 Cr	20.7%	₹352 Cr	14.1%	17.9%	14.1%	90
Jagran Prakashan LimitedJAGRANJAGRAN	₹1,340 Cr	₹1,376 Cr	₹1,916 Cr	₹256 Cr	13.3%	₹189 Cr	9.9%	12.8%	9.9%	10
The Sandesh LimitedSANDESHSANDESH	₹752 Cr	₹752 Cr	₹824 Cr	₹9 Cr	19.6%	₹107 Cr	15%	6.8%	4.7%	437
Hindustan Media Ventures LimitedHMVLHMVL	₹571 Cr	₹637 Cr	₹822 Cr	₹83 Cr	15.2%	₹90 Cr	6.6%	11.7%	3.1%	-111
Ht Media LimitedHTMEDIAHTMEDIA	₹521 Cr	₹1,183 Cr	₹1,896 Cr	₹125 Cr	7.2%	₹-10 Cr	-2.7%	9.4%	-3.3%	-73
Citizen Infoline LtdCITIZENCITIZEN	₹87 Cr	₹193 Cr	₹1 Cr	₹-1 Cr	10.7%	₹-0 Cr	7.1%	53.1%	94.7%	27
Encode Packaging India LtdENCODEENCODE	₹4 Cr	₹4 Cr	₹4 Cr	₹0 Cr	—	₹0 Cr	—	0%	0%	—

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	57	51	203	54	52	16	38	72
	13	-96	-147	-78	36	29	-3	-123
	-70	-7	-52	21	-90	-9	-58	51
Net cash flow	-0	-52	5	-3	-2	36	-23	0
Free cash flow	-2	37	195	39	38	2	33	70
CFO / Operating profit %	—	51.6%	—	610.5%	—	—	—	64.5%

Hindustan Media Ventures Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Investor Presentation and earnings call

Events

9

1

Announcements

No fund holdings on record

9

1

Announcements

Annual reports

Investor Presentation and earnings call

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Digital · revenue

Hindustan Media Ventures Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Investor Presentation and earnings call

Events

Dividends9

Board meetings1

Announcements

Ratio timeline

No fund holdings on record

Dividends9

Board meetings1

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Investor Presentation and earnings call

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Digital · revenue

9

1

9

1