Sandesh Ltd

SANDESH

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Market Cap

₹ 803 Cr

P/E

16.10

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Investment Checklist

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Performance

STEADY PERFORMER

Valuation

REASONABLE

Growth

SLUGGISH

Profitability

MODERATE MARGIN

Technicals

Bearish

Risk

MODERATE RISK

Investment Checklist

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Price

PE Ratio

Price

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Overview

Detailed Summary

Sandesh Ltd is Gujarat's largest media house, with a history dating back to 1923, known for its flagship Gujarati newspaper and news channel.

The company has established a strong regional presence with its strategic print facilities in multiple locations across Gujarat, ensuring broad distribution and high journalistic standards.

A historic merger of its investment subsidiaries in 2001 streamlined operations, allowing the company to focus more on core media and print ventures.

Sandesh Ltd ventured into health care in 2001, diversifying its portfolio to include beauty and ayurvedic products.

Despite its media focus, the company expanded into import-export operations in 2004, demonstrating strategic diversification into related business areas.

Sector

Media - Print/Television/Radio

Industry

Entertainment - Electronic Media

Market Cap

803 Cr

Volatility

Low Risk

P/E Ratio

16.1

Industry P/E

13.7

PEG Ratio

—

P/B Ratio

0.6

52W High

1,875.00

52W Low

1,000.00

Sales CAGR

-8.67%

-1.61%

-3.04%

10Y

-2.70%

Profit CAGR

-59.11%

-4.72%

5.82%

10Y

-0.31%

ROE

TTM

3.56%

10.06%

9.97%

10Y

10.20%

ROCE

TTM

3.68%

12.69%

12.71%

10Y

13.84%

Technicals

Oscillators

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
NDTV	83.02	928 Cr	—	0.00	0.00	294.58	-60.68	-37.88
BRIGHT	380.00	818 Cr	42.91	5.07	0.09	11.59	15.50	9.94
SANDESH	1050.20	803 Cr	16.10	0.57	0.47	3.56	3.68	3.35
TVTODAY	135.00	798 Cr	30.55	0.90	2.24	2.96	4.45	1.88
DISHTV	3.94	746 Cr	—	0.00	0.00	9.82	2.01	-29.77
ZEEMEDIA	9.01	562 Cr	—	2.87	0.00	-36.96	-20.86	-9.98
ENIL	113.10	547 Cr	46.63	0.72	1.74	1.55	2.94	1.02

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

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Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	72	72	91	86	69	71	79	76	73	78
Expenses	56	58	66	61	53	55	121	64	55	73
Operating Profit	16	14	25	26	16	16	-41	12	18	4.76
OPM %	22.34	19.96	27.95	29.65	22.65	22.32	-52.04	15.75	24.74	6.12
Other Income	29	21	50	66	50	48	2.65	3.74	55	4.26
Interest	0.04	0.04	0.06	0.11	0.04	0.04	0.10	0.02	0.03	0.03
Depreciation	1.57	1.63	1.68	1.75	1.72	1.79	1.59	2.23	1.57	1.79
Profit Before Tax	44	34	73	90	64	61	-40	13	71	7.20
Tax %	24.17	23.41	21.28	20.15	21.32	37.83	48.44	31.10	18.78	46.25
Net Profit	33	26	58	72	50	38	-21	9.24	58	3.86
EPS in Rs	43.68	34.23	76.21	95.02	66.70	50.45	-27.47	12.21	76.68	5.10

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	356	377	419	343	274	309	341	322	294	299
Expenses	249	258	331	273	198	232	246	240	226	294
Operating Profit	106	119	88	71	76	76	95	82	68	4.52
OPM %	29.93	31.60	21.00	20.57	27.73	24.75	27.86	25.39	23.26	1.51
Other Income	15	16	21	15	49	48	45	166	38	109
Interest	1.01	0.40	0.41	0.42	0.46	0.20	0.15	0.26	0.20	0.19
Depreciation	7.74	8.51	8.86	7.86	6.94	6.43	5.88	6.63	7.32	7.18
Profit Before Tax	113	126	99	77	117	118	134	241	99	106
Tax %	35.55	34.50	34.73	20.57	23.25	23.98	24.06	21.68	21.85	20.10
Net Profit	73	83	65	61	90	90	101	189	77	85
EPS in Rs	—	—	85.70	80.88	138.13	118.66	133.97	249.14	101.89	66.52
Dividend Payout %	5.20	4.57	5.84	6.19	4.21	4.21	3.73	2.01	4.91	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	7.57	7.57	7.57	7.57	7.57	7.57	7.57	7.57	7.57	7.57
Reserves	563	584	662	723	779	881	943	1,047	1,254	1,346
Borrowings	14	1.99	0.37	0.37	0.10	0.10	0.10	0.00	0.00	0.00
Other Liabilities	118	95	87	70	55	75	64	62	87	89
Total Liabilities	702	688	758	800	842	964	1,014	1,117	1,349	1,442
Fixed Assets	73	74	85	79	73	65	59	64	61	58
CWIP	0.32	11	0.22	0.25	0.33	0.06	0.13	0.00	1.04	0.37
Investments	393	339	445	557	483	567	563	713	1,026	1,185
Other Assets	237	265	228	164	285	332	392	340	261	199
Total Assets	702	688	758	800	842	964	1,014	1,117	1,349	1,442

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	99	98	78	48	-90	49	22	84	154	67
Cash from Investing Activity	-39	-33	-110	-102	85	-40	33	-106	-130	-109
Cash from Financing Activity	-3.98	-17	-6.57	-4.59	-4.86	-4.25	-3.98	-4.03	-4.04	-2.10
Net Cash Flow	57	49	-38	-58	-9.53	4.05	51	-26	20	-43

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	74.81%	74.81%	74.81%	74.81%	74.81%	74.81%	74.81%	74.81%	74.81%	74.81%	74.81%	74.81%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.05%	0.16%	0.15%	0.14%	0.10%	0.09%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.01%
Public	25.18%	25.18%	25.19%	25.19%	25.19%	25.18%	25.14%	25.03%	25.04%	25.04%	25.07%	25.08%
Total Shareholders	5,584	6,135	5,966	5,934	5,629	6,443	6,343	6,951	7,286	7,548	7,372	7,404

Projection

Actions

Action Type

‌
‌

Announcements

Last 7 days

Newest

Sentiment

Regulatory Filing

4 days ago

Opening of Special Window for Physical Shares

SEBI has opened a special window for the re-lodgement of physical share transfer deeds that were previously rejected, available from July 07, 2025, to January 06, 2026.

Documents

Presentations

Concalls

Reports

Presentations

No documents found!

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Overview

Detailed Summary

Sandesh Ltd is Gujarat's largest media house, with a history dating back to 1923, known for its flagship Gujarati newspaper and news channel.

The company has established a strong regional presence with its strategic print facilities in multiple locations across Gujarat, ensuring broad distribution and high journalistic standards.

A historic merger of its investment subsidiaries in 2001 streamlined operations, allowing the company to focus more on core media and print ventures.

Sandesh Ltd ventured into health care in 2001, diversifying its portfolio to include beauty and ayurvedic products.

Despite its media focus, the company expanded into import-export operations in 2004, demonstrating strategic diversification into related business areas.

Sector

Media - Print/Television/Radio

Industry

Entertainment - Electronic Media

Market Cap

803 Cr

Volatility

Low Risk

P/E Ratio

16.1

Industry P/E

13.7

PEG Ratio

—

P/B Ratio

0.6

52W High

1,875.00

52W Low

1,000.00

Sales CAGR

-8.67%

-1.61%

-3.04%

10Y

-2.70%

Profit CAGR

-59.11%

-4.72%

5.82%

10Y

-0.31%

ROE

TTM

3.56%

10.06%

9.97%

10Y

10.20%

ROCE

TTM

3.68%

12.69%

12.71%

10Y

13.84%

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

AI Mode

Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	72	72	91	86	69	71	79	76	73	78
Expenses	56	58	66	61	53	55	121	64	55	73
Operating Profit	16	14	25	26	16	16	-41	12	18	4.76
OPM %	22.34	19.96	27.95	29.65	22.65	22.32	-52.04	15.75	24.74	6.12
Other Income	29	21	50	66	50	48	2.65	3.74	55	4.26
Interest	0.04	0.04	0.06	0.11	0.04	0.04	0.10	0.02	0.03	0.03
Depreciation	1.57	1.63	1.68	1.75	1.72	1.79	1.59	2.23	1.57	1.79
Profit Before Tax	44	34	73	90	64	61	-40	13	71	7.20
Tax %	24.17	23.41	21.28	20.15	21.32	37.83	48.44	31.10	18.78	46.25
Net Profit	33	26	58	72	50	38	-21	9.24	58	3.86
EPS in Rs	43.68	34.23	76.21	95.02	66.70	50.45	-27.47	12.21	76.68	5.10

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	356	377	419	343	274	309	341	322	294	299
Expenses	249	258	331	273	198	232	246	240	226	294
Operating Profit	106	119	88	71	76	76	95	82	68	4.52
OPM %	29.93	31.60	21.00	20.57	27.73	24.75	27.86	25.39	23.26	1.51
Other Income	15	16	21	15	49	48	45	166	38	109
Interest	1.01	0.40	0.41	0.42	0.46	0.20	0.15	0.26	0.20	0.19
Depreciation	7.74	8.51	8.86	7.86	6.94	6.43	5.88	6.63	7.32	7.18
Profit Before Tax	113	126	99	77	117	118	134	241	99	106
Tax %	35.55	34.50	34.73	20.57	23.25	23.98	24.06	21.68	21.85	20.10
Net Profit	73	83	65	61	90	90	101	189	77	85
EPS in Rs	—	—	85.70	80.88	138.13	118.66	133.97	249.14	101.89	66.52
Dividend Payout %	5.20	4.57	5.84	6.19	4.21	4.21	3.73	2.01	4.91	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	7.57	7.57	7.57	7.57	7.57	7.57	7.57	7.57	7.57	7.57
Reserves	563	584	662	723	779	881	943	1,047	1,254	1,346
Borrowings	14	1.99	0.37	0.37	0.10	0.10	0.10	0.00	0.00	0.00
Other Liabilities	118	95	87	70	55	75	64	62	87	89
Total Liabilities	702	688	758	800	842	964	1,014	1,117	1,349	1,442
Fixed Assets	73	74	85	79	73	65	59	64	61	58
CWIP	0.32	11	0.22	0.25	0.33	0.06	0.13	0.00	1.04	0.37
Investments	393	339	445	557	483	567	563	713	1,026	1,185
Other Assets	237	265	228	164	285	332	392	340	261	199
Total Assets	702	688	758	800	842	964	1,014	1,117	1,349	1,442

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	99	98	78	48	-90	49	22	84	154	67
Cash from Investing Activity	-39	-33	-110	-102	85	-40	33	-106	-130	-109
Cash from Financing Activity	-3.98	-17	-6.57	-4.59	-4.86	-4.25	-3.98	-4.03	-4.04	-2.10
Net Cash Flow	57	49	-38	-58	-9.53	4.05	51	-26	20	-43

Sandesh Ltd

Sandesh Ltd

SANDESH

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Investment Checklist

Investment Checklist

Overview

Sector

Industry

Market Cap

Volatility

P/E Ratio

Industry P/E

PEG Ratio

P/B Ratio

52W High

52W Low

Technicals

Oscillators

Neutral

Overall

Bearish

Moving Averages

Bearish

Overall

Bearish

Forecasts

Peers

Price Chart Comparison

Financial Statements

AI Powered Summary

AI Mode

Consolidated Quarterly Results (in ₹ Crores)

Consolidated Profit Loss (in ₹ Crores)

Consolidated Balance Sheet (in ₹ Crores)

Consolidated Cash Flows (in ₹ Crores)

Shareholdings

Shareholding History

Projection

Actions

Announcements

Documents

AI Mode

AI Mode

Overview

Sector

Industry

Market Cap

Volatility

P/E Ratio

Industry P/E

PEG Ratio

P/B Ratio

52W High

52W Low

Financial Statements

AI Powered Summary

AI Mode

Consolidated Quarterly Results (in ₹ Crores)

Consolidated Profit Loss (in ₹ Crores)

Consolidated Balance Sheet (in ₹ Crores)

Consolidated Cash Flows (in ₹ Crores)

Peers

Price Chart Comparison

Investment Checklist

Announcements