Shemaroo Entertainment Limited (SHEMAROO)

Media Entertainment & Publication · Entertainment · NSE · Updated 15 July 2026

₹131.85 ↓ 9.99% (1Y)

🎯 Key Takeaways

Shemaroo Entertainment is navigating a structural transition in its media business, marked by declining traditional revenue and margin pressure, while digital segments show modest growth. The company has completed a strategic inventory charge-off and is managing near-term macro headwinds, but profitability remains elusive with persistent losses and negative cash flow indicators.
Revenue grew 1.4% QoQ to ₹164 in Q3FY25.
⚠️ Structural decline in traditional advertising revenue, with no clear path to recovery amid sustained macro headwinds.

Market Cap

₹291

P/E Ratio

-2.9

Div Yield

0.00%

Promoter

0.0%

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📖 The Story

Shemaroo Entertainment is navigating a structural transition in its media business, marked by declining traditional revenue and margin pressure, while digital segments show modest growth. The company has completed a strategic inventory charge-off and is managing near-term macro headwinds, but profitability remains elusive with persistent losses and negative cash flow indicators. Management is focused on operational restructuring rather than growth reinvestment.

📰 What's Happening

In Q4-FY26, Shemaroo reported consolidated revenue of INR 1,395 Mn, down 31.7% YoY, driven by a 50.5% decline in traditional media revenue, partially offset by 17.1% growth in digital revenue. The company finalized a INR 400 Cr inventory charge-off, deemed non-cash and non-impactful to cash flow generation. Management highlighted ongoing macroeconomic pressures and subdued advertising conditions as near-term headwinds. A new CFO, Ashish Gupta, was appointed effective May 22, 2026, following Amit Haria's resignation, while statutory auditor Mukund M. Chitale & Co. was reappointed for five years. Shareholders approved all four board resolutions via e-voting in late June 2026, including related party remuneration and financial support transactions.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Q4FY23	Q1FY24	Q2FY24	Q3FY24	Q4FY24	Q1FY25	Q2FY25	Q3FY25
Revenue	164	154	199	156	199	154	162	164
Operating Profit	17	9	18	-15	-7	-12	-26	-39
OPM %	10.3%	5.1%	8.7%	-11.3%	-3.8%	-8.7%	-16.3%	-25.7%
Net Profit	5	-1	5	-30	-14	-17	-26	-37
EPS	₹1.78	₹-0.49	₹1.68	₹-11.02	₹-5.25	₹-6.33	₹-9.62	₹-13.35

Revenue has declined sharply from a peak of INR 199 Mn in Q4-FY24 to INR 1,395 Mn in Q4-FY26 on a consolidated basis, though this includes a one-time inventory adjustment. Operating performance shows a consistent loss trajectory, with net profit turning deeply negative (INR -721 Cr in Q4-FY26) and EBITDA remaining negative (INR -872 Cr). The company's margin pressure stems from structural declines in traditional advertising demand, which management expects to persist in the near term. While digital revenue grew 17.1% YoY in Q4-FY26, it remains a small component of total revenue and insufficient to offset broader declines.

🔮 Management Outlook & What's Next

Management has not provided formal forward guidance on revenue or profitability in the latest filings. However, in the Q4-FY26 commentary, they explicitly stated that macroeconomic pressures and geopolitical tensions are expected to keep traditional advertising conditions subdued in the near term. The company is focused on completing strategic adjustments, such as inventory write-downs, without signaling new investment or growth initiatives. The appointment of a new CFO appears administrative rather than tied to a revised financial strategy.

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

⚖️ Peer Comparison — Entertainment

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
Prime Focus Limited	22,411	-78.0	—	—	—
Sun TV Network Limited	21,089	12.1	—	—	—
Nazara Technologies Limited	11,112	206.9	—	—	—
PVR INOX Limited	9,917	-34.8	—	—	—
Zee Entertainment Enterprises Limited	8,485	16.9	—	—	—
Tips Music Limited	8,266	38.1	—	—	—
Saregama India Limited	8,016	40.4	—	—	—
Network18 Media & Investments Limited	4,968	-2.7	—	—	—
Hathway Cable & Datacom Limited	1,814	19.3	—	—	—
Media Matrix Worldwide Limited	1,667	—	—	—	—

🔗 Peer Stock Analyses

PFOCUS SUNTV NAZARA PVRINOX ZEEL

⚠️ Risk Factors

1. Structural decline in traditional advertising revenue, with no clear path to recovery amid sustained macro headwinds. 2. Persistent net and EBITDA losses, indicating ongoing operational unsustainability without strategic pivot. 3. GST department demand orders totaling Rs. 13,360.61 Lakhs against key executives, with legal challenges pending, introducing regulatory and contingent liability risk. 4. Leadership transition with new CFO appointment, but no proven track record or strategic vision disclosed.

📋 Recent Filings

🧠 Analyst's Read

Shemaroo Entertainment remains in a phase of operational restructuring amid secular challenges in its core advertising-driven media business. While digital growth offers a modest positive signal, it is not yet material to overall performance. The company's near-term trajectory hinges on management's ability to stabilize traditional revenue and address regulatory exposures, but no clear inflection point has emerged. Investors should monitor future revenue trends, especially the sustainability of digital growth and any improvement in margin structure.

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

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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-07-15.

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