Sun TV Network Limited (SUNTV)

Media Entertainment & Publication · Entertainment · NSE · Updated 3 August 2026

By StockFin Research Team • AI-Assisted Analysis • Source: BSE/NSE Filings

₹508.65 ↓ 9.63% (1Y)

🎯 Key Takeaways

Sun TV Network Limited is in a mature, cash-generative phase with stable profitability and consistent dividend returns, though growth has plateaued. The company continues to leverage its dominant position in regional entertainment, particularly in Tamil television, while maintaining strong financial discipline.
Revenue declined 11.4% QoQ to ₹828 in Q3FY25.
⚠️ Sustained revenue decline across quarters suggests weakening demand in the core broadcasting business, with no new growth engines disclosed.

Market Cap

₹21,089

P/E Ratio

12.1

Div Yield

0.00%

Promoter

0.0%

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📖 The Story

Sun TV Network Limited is in a mature, cash-generative phase with stable profitability and consistent dividend returns, though growth has plateaued. The company continues to leverage its dominant position in regional entertainment, particularly in Tamil television, while maintaining strong financial discipline. Despite flat revenue trends, profitability remains robust, supported by high operating margins and efficient cost management.

📰 What's Happening

In Q3FY25, Sun TV reported revenue of ₹828 crores and profit after tax of ₹363 crores, continuing a trend of declining top-line momentum from ₹1,349 crores in Q1FY24. The company approved a bonus issue of 99,999 shares in SunRisers Leeds Limited, increasing its stake to 100,000 shares without altering effective ownership. Management has consistently declared interim dividends — ₹5.00, ₹3.75, ₹2.50, and ₹1.25 per share — reflecting confidence in cash flows. The board also approved audited financial results for FY26, confirming total income of ₹4,637.70 crores and PAT of ₹1,393.52 crores, with cricket franchise income contributing ₹567.73 crores annually.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Q4FY23	Q1FY24	Q2FY24	Q3FY24	Q4FY24	Q1FY25	Q2FY25	Q3FY25
Revenue	840	1,349	1,048	923	961	1,312	935	828
Operating Profit	584	918	840	725	660	866	712	584
OPM %	59.2%	59.1%	69.4%	63.8%	54.4%	54.8%	57.9%	53.7%
Net Profit	380	592	465	454	415	560	409	363
EPS	₹9.65	₹15.02	₹11.80	₹11.52	₹10.53	₹14.20	₹10.39	₹9.22

Operating revenue has declined sequentially over the past four quarters, peaking in Q1FY24 at ₹1,349 crores and falling to ₹828 crores in Q3FY25, indicating softening demand or market saturation in core broadcasting. However, operating margins have remained resilient, holding at 53.7% in Q3FY25 despite lower scale, suggesting cost efficiency. Profitability remains strong, with PAT declining moderately from ₹592 crores in Q1FY24 to ₹363 crores in Q3FY25, while EPS followed a similar downward trend from ₹15.02 to ₹9.22. The company continues to generate substantial cash, supported by high operating leverage and disciplined expense management.

🔮 Management Outlook & What's Next

Management has not provided forward-looking revenue or margin guidance in the latest filings, but emphasized compliance and governance in board disclosures. The company highlighted cricket franchise income as a key annual revenue driver (₹567.73 crores), suggesting strategic focus on sports content monetization. No new growth initiatives or market expansions were disclosed in recent board meetings or regulatory filings, indicating a conservative, maintenance-oriented 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 NAZARA PVRINOX ZEEL TIPSMUSIC

⚠️ Risk Factors

1. Sustained revenue decline across quarters suggests weakening demand in the core broadcasting business, with no new growth engines disclosed. 2. Heavy reliance on cricket franchise income creates concentration risk, as viewership and advertising revenue in sports are volatile. 3. High dividend payout may limit flexibility if operating cash flows continue to trend downward. 4. Regulatory compliance costs and insider trading restrictions may constrain timely capital deployment or strategic moves.

📋 Recent Filings

🧠 Analyst's Read

Sun TV remains a high-dividend, low-growth media play with resilient margins but faces structural headwinds in its core business. Investors should monitor future revenue trends and any strategic shifts in content or distribution to assess whether the current cash cow phase can be sustained.

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 2026-08-03.

Editorial & Data Transparency Notice

This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

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