Next Mediaworks Ltd (NEXTMEDIA)

📊 Quarterly Results (₹ Cr)

Revenue has collapsed from ₹10 crore in December 2024 to just ₹3 crore by March 2025, with operating losses widening to ₹88 crores in Q1 FY26 from prior quarter losses in the single-digit crore range. Despite a temporary improvement in current ratio to 5.2x by March 2025, this was driven by asset reclassification rather than operational recovery, as net losses accumulated to over ₹500 lakhs annually and equity turned deeply negative.

🔮 Management Outlook & What's Next

Management has provided no forward guidance on revenue recovery, cost restructuring, or operational revival. The only forward-looking statement was the scheduling of the 45th AGM on 22 September 2026 via video conference with remote e-voting from 17–21 September 2026, focused on procedural compliance rather than strategic revival. No new business initiatives, funding plans, or turnaround timelines were communicated.

Extracted from official company announcements. Not StockFin.ai's opinion.

🏦 Balance Sheet (₹ Cr)

The balance sheet reveals a company with negative equity and reserves of ₹-164 crores as of March 2025, indicating cumulative losses exceed share capital. Borrowings remain elevated at ₹223 crores, though slightly down from ₹213 crores in prior periods, while total assets have declined from ₹79 crores to ₹72 crores, reflecting asset erosion rather than growth. There is no evidence of capital raising or debt reduction efforts.

💰 Cash Flow Statement (₹ Cr)

👥 Shareholding Pattern

Promoter holding remains stable at 74.99% with no signs of dilution, but institutional interest is negligible — FII holding is flat at 2.45% and DII at 0% over the last four quarters. The shareholder base has slightly contracted, with public shareholders decreasing from 16.05% to 15.12% and total shareholders declining from 16,753 to 16,675, suggesting limited market confidence or retail exit.

⚖️ Peer Comparison — Entertainment

🔗 Peer Stock Analyses

⚠️ Risk Factors

1) The company has been formally assessed as 'not a going concern' by management and the board, eliminating any implicit support for continued operations. 2) No operating revenue has been generated in recent quarters, with business activities effectively halted. 3) Debt servicing pressures persist with inter-corporate borrowings due in August 2027 and no disclosed repayment plan. 4) Regulatory and compliance risks remain high due to repeated insider trading restrictions and SEBI scrutiny around disclosure practices.

📋 Recent Filings

• Announcement2026-09-25Next Mediaworks Ltd announced a trading window closure from October 1 to 48 hours after releasing unaudited quarterly results for September 2026, rest…
• 🟡 voting results2026-09-22Next Mediaworks held its 45th AGM on September 22, 2026 via video conferencing, with 17,278 shareholders eligible to vote. Shareholders approved the a…
• 🟡 Board Meeting2026-09-22Next Mediaworks held its 45th AGM on September 22, 2026 via video conference, approving audited standalone financial statements for FY2026 and reappoi…
• 🔴 annual report2026-08-27Next Mediaworks Limited reported a net loss of INR 528 lakhs for FY26, down from a profit of INR 394 lakhs in FY25, driven by a reversal of investment…
• 🔴 annual report2026-08-27Next Mediaworks informed shareholders without registered emails that the FY2025-26 Annual Report and AGM notice are available on its website, providin…
• 🔴 annual report2026-08-27Next Mediaworks Limited held its 45th Annual General Meeting on September 22, 2026 via video conferencing. The meeting adopted the audited standalone …
• 🟡 Board Meeting2026-07-31The board approved unaudited Q1 FY26 results showing a net loss of **₹88 crores** and loss per share of **₹0.13**, marking the first quarterly loss si…
• share transfer2026-07-08Next Mediaworks received a SEBI-mandated confirmation certificate from KFin Technologies for demat processing of shares in Q1 2026, covering April-Jun…
• Financial Results2026-06-25Next Mediaworks Limited announced that its trading window will close on 1 July 2026 and remain shut until 48 hours after the un-audited quarterly resu…
• regulation 312026-06-19HT Media Limited, promoter of Next Mediaworks Limited, filed a compliance disclosure under SEBI Takeover Regulations confirming no encumrances on its …

🧠 Analyst's Read

The company is effectively non-operational with no path to profitability or revenue generation, making it a high-risk, near-defunct entity. Investors should monitor for any unexpected capital restructuring or asset monetization announcements, but no such signals have emerged. The next key event will be the release of FY27 results, if any, which may further confirm the absence of a viable business model.

Based on filing content and financial data. Not a recommendation.