DEN Networks Limited

BSE: DEN533137ISIN INE947J01015

Consumer Discretionary
TV Broadcasting & Software Production
BSE Consumer Discretionary

Share price

₹25.48+0.80 (+3.24%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹34.65
52W low: ₹22.75
Off 52W high: -26.46%
1M return: -0.39%
3M return: -7.11%
6M return: -8.38%
1Y return: -23.58%
20D avg volume: 22,971
50 DMA: ₹26.33
200 DMA: ₹27.50

Key ratios Consolidated

Market cap: ₹1,216 Cr
Current price: ₹25.48
52W high / low: ₹34.65 / ₹22.75
Face value: ₹10.00
P/E: 8.21
P/B: 0.31
EPS (TTM): ₹3.10
Book value / share: ₹80.91
ROE: —
ROCE: 5.40%
Operating margin: —
Net margin: —
Debt / equity: 0.00
Net debt: ₹-19.96 Cr
Interest cover: 111.37
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: -67.1 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	232.56	242.77	240.57	251.01	241.43	241.27	248.10	260.70	249.08	247.53	258.02	272.94
	60.73	55.40	52.92	56.92	51.71	70.67	64.66	55.08	69.18	55.20	54.61	50.92
	293.29	298.17	293.49	307.93	293.14	311.95	312.76	315.79	318.26	302.73	312.63	323.85
	241.53	250.50	246.23	261.43	246.15	245.19	246.42	259.97	249.17	245.63	246.55	260.96
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	14.31	14.76	15.44	17.14	17.33	19.32	19.90	20.26	20.80	18.82	19.99	18.54
	0.30	0.41	0.43	0.45	0.46	0.55	0.50	0.51	0.52	0.56	0.64	0.59
	18.73	20.00	20.56	23.09	23.25	24.36	26.25	26.42	27.41	25.69	27.91	28.09
	208.20	215.33	209.80	220.76	205.11	200.97	199.78	53.78	60.15	58.30	53.46	59.55
	51.75	47.67	47.26	46.50	46.98	66.75	66.33	55.82	69.09	57.10	66.08	62.89
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	51.75	47.67	47.26	46.50	46.98	66.75	66.33	55.82	69.09	57.10	66.08	62.89
	12.14	11.90	12.81	7.55	10.81	11.32	8.87	13.54	17.24	12.18	8.28	14.04
	36.77	34.59	36.43	40.38	35.17	53.64	59.86	41.93	51.65	43.29	77.05	47.86
	0.76	0.77	0.81	0.80	0.74	1.14	1.30	0.85	1.09	0.95	1.66	0.99
Key metrics
	70.78	68.08	68.25	70.04	70.69	91.66	93.08	82.75	97.02	83.35	94.63	91.57
	30.40%	28.00%	28.40%	27.90%	29.30%	38.00%	37.50%	31.70%	39.00%	33.70%	36.70%	33.50%
	15.80%	14.20%	15.10%	16.10%	14.60%	22.20%	24.10%	16.10%	20.70%	17.50%	29.90%	17.50%
	1.30%	—	1.20%	—	1.30%	—	1.80%	—	—	—	—	—
	-3.70%	0.60%	-3.00%	-3.70%	-3.10%	-2.50%	-3.80%	-4.50%	—	—	—	—
	4.50%	-35.50%	-39.10%	-3.70%	-31.90%	23.90%	-22.30%	-12.40%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	966.91	974.28	1,005	1,081	1,130	1,226
	225.97	232.23	244.13	206.94	112.11	121.16
	1,193	1,207	1,250	1,288	1,243	1,347
	999.69	999.01	1,001	1,041	1,099	1,171
	0.00	0.00	0.00	—	—	—
	0.00	0.00	0.00	—	—	—
	61.65	69.22	79.78	79.68	83.31	84.80
	1.59	1.88	2.09	2.57	1.40	0.28
	82.38	91.26	105.77	112.81	119.29	148.24
	854.09	836.64	813.56	239.26	282.06	310.97
	193.18	207.50	248.34	246.29	143.56	175.97
	0.00	0.00	0.00	0.00	0.00	0.00
	193.18	207.50	248.34	246.29	143.56	175.97
	44.40	42.49	51.83	31.83	93.06	2.81
	148.17	165.62	196.73	212.79	236.36	171.08
	3.14	3.48	4.20	4.50	5.09	3.69
Key metrics
	277.15	300.64	356.20	361.67	264.25	324.49
	28.66%	30.90%	35.40%	33.50%	23.40%	26.50%
	15.32%	17.00%	19.60%	19.70%	20.90%	14.00%
	—	5.40%	6.80%	—	—	—
	-2.48%	-3.10%	-7.00%	-4.40%	-7.80%	—
	-22.26%	-15.80%	-7.50%	-10.00%	38.20%	—
	—	-57.63	-23.14	—	—	—
	—	-0.10	0.09	—	—	—
	—	0.00	0.00	—	—	—
	—	-19.96	-15.92	—	—	—
	—	-67.1	-51.5	—	—	—
Balance sheet
	—	4,283	4,142	—	—	—
	—	3,547	3,411	—	—	—
	—	19.96	15.92	—	—	—
	—	107.25	150.47	—	—	—
	—	0.00	0.00	—	—	—
	—	61.22	62.67	—	—	—
	—	251.44	307.44	—	—	—
	—	286.33	292.30	—	—	—
	—	424.35	444.84	—	—	—
	—	0.00	0.00	—	—	—
	—	0.00	0.00	—	—	—
	—	0.00	0.00	—	—	—
	—	3,826	3,660	—	—	—
Cash flow
	—	-16.59	18.30	—	—	—
	—	24.25	-21.78	—	—	—
	—	-3.43	-7.16	—	—	—
	—	41.04	41.44	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	236.90	256.96	249.69	257.61	248.01	245.61	243.56	258.30	244.71	242.57	224.16	266.67
	61.61	53.78	51.63	55.63	50.55	69.48	65.15	53.01	67.28	53.38	55.46	49.46
	298.51	310.75	301.32	313.24	298.57	315.08	308.71	311.31	312.00	295.96	279.61	316.13
	260.31	266.42	257.20	284.51	266.50	256.61	281.14	276.02	264.33	247.64	245.76	261.68
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	3.59
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	10.80	11.26	12.00	13.42	13.66	15.79	16.20	16.61	17.14	15.20	16.11	14.92
	0.30	0.41	0.43	0.44	0.46	0.55	0.49	0.51	0.52	0.56	0.64	0.56
	14.34	15.08	15.04	16.29	16.76	17.11	18.71	18.00	18.40	17.20	17.40	18.00
	234.87	239.67	229.74	254.37	235.62	223.16	245.74	35.31	38.74	40.17	35.90	33.25
	38.19	44.32	44.12	28.73	32.06	58.47	27.57	35.29	47.67	48.32	33.85	54.46
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	38.19	44.32	44.12	28.73	32.06	58.47	27.57	35.29	47.67	48.32	33.85	54.46
	9.78	11.40	15.21	8.83	8.93	7.66	3.58	12.17	13.30	12.40	7.78	13.46
	28.42	32.92	28.91	19.90	23.13	50.82	23.99	23.12	34.37	35.92	41.63	41.00
	0.60	0.69	0.61	0.42	0.49	1.07	0.50	0.48	0.72	0.75	0.87	0.86
Key metrics
	52.83	59.81	59.59	45.46	49.28	76.13	46.77	53.80	66.59	66.08	51.89	73.02
	22.30%	23.30%	23.90%	17.60%	19.90%	31.00%	19.20%	20.80%	27.20%	27.20%	23.10%	27.40%
	12.00%	12.80%	11.60%	7.70%	9.30%	20.70%	9.80%	9.00%	14.00%	14.80%	18.60%	15.40%
	1.00%	—	1.10%	—	0.80%	—	0.70%	—	—	—	—	—
	-4.50%	4.60%	2.50%	-0.30%	1.30%	1.30%	8.70%	-3.10%	—	—	—	—
	22.90%	-35.20%	20.50%	-13.90%	-32.70%	41.50%	-42.40%	-43.60%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	1,001	1,001	989.14	1,035	1,110	1,154
	222.65	227.29	238.83	204.38	121.02	121.70
	1,224	1,228	1,228	1,239	1,231	1,275
	1,068	1,065	1,069	1,033	1,059	1,086
	0.00	0.00	0.00	—	—	—
	0.00	0.00	0.00	—	—	—
	47.48	54.86	65.15	62.93	63.20	62.34
	1.58	1.88	2.07	2.48	1.38	0.93
	60.75	65.20	72.31	72.79	76.96	89.73
	958.65	942.88	929.60	139.35	155.71	163.54
	155.36	163.38	158.85	206.54	171.66	189.54
	0.00	0.00	0.00	—	—	—
	155.36	163.38	158.85	206.54	171.66	189.54
	45.22	40.62	41.45	30.88	111.64	—
	110.15	122.75	117.40	175.66	283.31	189.54
	2.32	2.57	2.46	3.68	5.94	3.98
Key metrics
	217.69	230.46	233.23	281.81	250.00	280.20
	21.74%	23.00%	23.60%	27.20%	22.50%	24.30%
	11.00%	12.30%	11.90%	17.00%	25.50%	16.40%
	—	4.30%	4.30%	—	—	—
	0.57%	1.20%	-4.40%	-6.80%	-3.80%	—
	-9.01%	4.60%	-33.20%	-38.00%	49.50%	—
	—	-92.30	-96.80	—	—	—
	—	-0.45	-0.57	—	—	—
	—	0.00	0.00	—	—	—
	—	-15.17	-10.61	—	—	—
	—	-79.8	-61.9	—	—	—
Balance sheet
	—	4,342	4,250	—	—	—
	—	3,456	3,377	—	—	—
	—	15.17	10.61	—	—	—
	—	147.89	208.25	—	—	—
	—	0.00	0.00	—	—	—
	—	48.92	46.70	—	—	—
	—	184.24	218.94	—	—	—
	—	366.68	375.91	—	—	—
	—	462.26	489.57	—	—	—
	—	0.00	0.00	—	—	—
	—	0.00	0.00	—	—	—
	—	0.00	0.00	—	—	—
	—	3,853	3,731	—	—	—
Cash flow
	—	-55.35	-67.40	—	—	—
	—	63.28	66.79	—	—	—
	—	-3.37	-5.95	—	—	—
	—	36.95	29.40	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: -3.39%
Sales CAGR 5Y: —
Profit CAGR 3Y: -24.33%
Profit CAGR 5Y: —
Sales YoY (TTM): +0.57%
Profit YoY (TTM): -9.01%

Consolidated

Sales CAGR 3Y: -4.84%
Sales CAGR 5Y: —
Profit CAGR 3Y: -11.18%
Profit CAGR 5Y: —
Sales YoY (TTM): -2.48%
Profit YoY (TTM): -22.26%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 74.91%

Quarter	September 2026	June 2026
Promoter %	74.91%	74.91%

Holder	Type	Holding	Previous	Change
JIO FUTURISTIC DIGITAL HOLDINGS PRIVATE LIMITED	Promoter	35.94%	35.94%	0.00%
JIO TELEVISION DISTRIBUTION HOLDINGS PRIVATE LIMITED	Promoter	15.47%	15.47%	0.00%
JIO DIGITAL DISTRIBUTION HOLDINGS PRIVATE LIMITED	Promoter	15.02%	15.02%	0.00%
SAMEER MANCHANDA	Promoter Group	3.69%	3.69%	0.00%
LUCID SYSTEMS PRIVATE LIMITED	Promoter Group	3.35%	3.35%	0.00%
Clarity Credence Private limited	Public	1.02%	—	—
KAVITA MANCHANDA	Promoter Group	0.79%	0.79%	0.00%
RELIANCE INDUSTRIAL INVESTMENTS AND HOLDINGS LIMITED	Promoter Group	0.31%	0.31%	0.00%
NETWORK 18 MEDIA & INVESTMENTS LIMITED	Promoter Group	0.15%	0.15%	0.00%
RELIANCE VENTURES LIMITED	Promoter Group	0.10%	0.10%	0.00%
VANDANA MANCHANDA	Promoter Group	0.08%	0.08%	0.00%
SANJEEV MANCHANDA	Promoter Group	0.01%	0.01%	0.00%
JIO FINANCIAL SERVICES LIMITED	Promoter Group	0.00%	0.00%	0.00%
DIGITAL MEDIA DISTRIBUTION TRUST (through its Trustee Reliance Media Transmission Private Limited)	Promoter Group	0.00%	0.00%	0.00%
RELIANCE INDUSTRIES LIMITED	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
SUN TV NETWORK LIMITED	23,692	601.20	15.38	15.60%	-4.94% TTM	-4.85% TTM	+7.19%
Zee Entertainment Enterprises Ltd.	6,523	67.91	38.15	2.60%	+6.03% TTM	-70.12% TTM	-33.39%
Hathway Cable & Datacom Limited	1,648	9.31	24.35	2.40%	+5.91% TTM	-30.74% TTM	-31.74%
DEN Networks Limited	1,216	25.48	8.21	5.40%	-2.48% TTM	-22.26% TTM	-23.58%
New Delhi Television Limited	736	65.24	-2.27	-74.50%	+11.30% TTM	-23.85% TTM	-28.87%
GTPL Hathway Limited	615	54.69	-135.54	3.30%	+10.27% TTM	-112.81% TTM	-48.82%
T.V.Today Network Limited	610	102.23	22.68	3.50%	-5.08% TTM	+32.79% TTM	-30.05%
Zee Media Corporation Limited	467	7.12	-331.44	4.40%	+22.18% TTM	+98.80% TTM	-28.87%
Dish TV India Limited	361	1.96	-0.36	13.30%	-23.76% TTM	-72.08% TTM	-56.35%
Aqylon Nexus Limited	328	12.94	—	244.40%	+31.43% TTM	-52.37% TTM	-83.13%
B.A.G. Films & Media Ltd	88	4.03	13.80	5.50%	+13.13% TTM	-40.24% TTM	-41.59%
Siti Networks Limited	43	0.49	—	10.30%	-3.31% TTM	-24.93% TTM	0.00%
Raj Television Network Ltd S	39	7.47	—	2.80%	-41.48% TTM	+85.22% TTM	-82.04%
CRYSTAL BUSINESS SYSTEM LIMITED S	18	1.79	-179.00	2.70%	-49.47% TTM	-160.00% TTM	-15.17%
COLORCHIPS NEW MEDIA LIMITED S	17	10.24	-10.45	-9.10%	-49.09% TTM	-20.29% TTM	-30.20%
Perfect-Octave Media Projects Ltd S	11	3.04	—	9.80%	—	—	-37.83%
TV VISION LIMITED	10	2.66	-0.31	19.20%	-82.53% TTM	-32.09% TTM	-57.58%
Hathway Bhawani Cabletel & Datacom	9	10.55	-65.73	-1.70%	-11.28% TTM	-181.25% TTM	-29.99%
Ortel Communications Limited	7	2.24	—	—	-7.55% TTM	-20.26% TTM	+1.82%
SEA TV Network Limited	4	3.04	-32.05	-9.10%	-7.84% TTM	+81.97% TTM	-40.39%

Filings & corporate actions

Recent announcements

Newspaper clippings - Special Window for transfer and dematerialisation (demat) of physical shares14 Oct 2026 · Company Update / General
Investor Presentation13 Oct 2026 · Company Update / Investor Presentation
Standalone and Consolidated Unaudited Financial Results for the quarter and half-year ended September 30, 202613 Oct 2026 · Board Meeting / Outcome of Board Meeting
Standalone and Consolidated Unaudited Financial Results for the Quarter and Half-Year ended September 30, 202613 Oct 2026 · Result / Financial Results
Den Networks Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/10/2026 ,inter alia, to consider and approve standalone and consolidated unaudited ....6 Oct 2026 · Board Meeting / Board Meeting
Closure of Trading Window30 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
The voting results along with the Consolidated Scrutiniser''s Report in respect of the Nineteenth Annual General Meeting of the Company held on Wednesday, September 2, 2026 is attached3 Sep 2026 · AGM/EGM / AGM
Disclosure of Voting Results - Nineteenth Annual General Meeting of the Company3 Sep 2026 · AGM/EGM / AGM
Gist of the proceedings of the Nineteenth Annual General Meeting of the Company held today, i.e. Wednesday, September 2, 2026 is attached2 Sep 2026 · AGM/EGM / AGM
Newspaper Clippings on captioned subject published today i.e. August 14, 2026 are attached.14 Aug 2026 · Company Update / General
The Newspaper clippings on the captioned subject published today i.e. August 12, 2026 in the newspapers are enclosed for information nad records.12 Aug 2026 · AGM/EGM / AGM
The Business Responsibility and Sustainability Report of the Company for the Financial Year 2025-26 is attached.11 Aug 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Notice of the Nineteenth Annual General Meeting is attached.11 Aug 2026 · AGM/EGM / AGM
Annual Report for the financial year 2025-26 including Notice of the Nineteenth Annual General Meeting11 Aug 2026 · Others / Reg. 34 (1) Annual Report
Newspaper clippings of the advertisement published today i.e. August 7, 2026 are enclosed7 Aug 2026 · AGM/EGM / AGM
The 19th Annual General Meeting of the Members of the Company will be held on Wednesday, September 2, 2026 at 12:30 P.M. (IST) through Video Conferencing / Other Audio Visual Means6 Aug 2026 · AGM/EGM / AGM
Investor Presentation14 Jul 2026 · Company Update / General
Standalone and Consolidated Unaudited Financial Results for the quarter ended June 30, 202614 Jul 2026 · Board Meeting / Outcome of Board Meeting
Standalone and Consolidated Unaudited Financial Results for the quarter ended June 30, 202614 Jul 2026 · Result / Financial Results
Den Networks Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/07/2026 ,inter alia, to consider and approve the standalone and consolidated ....7 Jul 2026 · Board Meeting / Board Meeting
Closure of Trading Window30 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Clarification with respect to increase in the volume of shares16 Jun 2026 · Company Update / General
The Exchange has sought clarification from Den Networks Ltd on June 16, 2026, with reference to Movement in Volume.<BR><BR>The reply is awaited.16 Jun 2026 · Company Update / Clarification
Newspaper Clippings - Special Window for transfer and dematerialization (Demat) of Physical Shares15 Jun 2026 · Company Update / General
The Annual Secretarial Compliance Report for the financial year ended March 31, 2026 is attached20 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Newspaper clippings - Special Window for transfer and dematerialisation (demat) of physical shares16 Apr 2026 · Company Update / General
Investor Presentation14 Apr 2026 · Company Update / General
Standalone and Consolidated Audited Financial Results for the quarter and financial year ended March 31, 202614 Apr 2026 · Result / Financial Results
Standalone and Consolidated Audited Financial Results for the quarter and financial year ended March 31, 202614 Apr 2026 · Board Meeting / Outcome of Board Meeting
Den Networks Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/04/2026 ,inter alia, to consider and approve the standalone and consolidated ....7 Apr 2026 · Board Meeting / Board Meeting
Closure of Trading Window27 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
Den Networks Ltd has submitted to BSE a copy of Newspaper clippings - Special Window for transfer and dematerialisation<BR>(demat) of physical shares.7 Feb 2026 · Company Update / General
Investors Presentation14 Jan 2026 · Company Update / Investor Presentation
Standalone and Consolidated Unaudited Financial Results for the quarter and nine months ended December 31, 202514 Jan 2026 · Board Meeting / Outcome of Board Meeting
Standalone and Consolidated Unaudited Financial Results for the quarter and nine months ended December 31, 202514 Jan 2026 · Result / Financial Results
Den Networks Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/01/2026 ,inter alia, to consider and approve the standalone and consolidated ....7 Jan 2026 · Board Meeting / Board Meeting
Closure of Trading Window30 Dec 2025 · Insider Trading / SAST / Closure of Trading Window
Newspaper advertisement - ''Special Window for Re-lodgement of Transfer Requests of Physical Shares''12 Dec 2025 · Company Update / General
Mr. Sanjay Kumar Jain, Chief Technical Officer, has ceased to be a member of senior management of the Company w.e.f. November 30, 2025, due to superannuation1 Dec 2025 · Company Update / Change in Management
Approval for Reclassification of Access Equity Private Limited under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201529 Nov 2025 · Company Update / General

Board meetings

13 Oct 2026 Board Meeting - Financial Results