May 2026
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Largest Publishing Public Companies in India
Benchmark revenue and EBITDA valuation multiples for public comps like
Saregama India, D B Corp, Navneet Education, Jagran Prakashan and Frontline Corp.
 | Saregama India Ltd is a holding company, which engages in the production and distribution of music, television programs, and movies. It operates through the following segments: Music, Films/TV Serials, and Publication. The Music segment deals with the business of manufacturing and sale of Music storage devices viz. Carvaan, Music Card, etc, and dealing with related music rights. The Films/TV Serials and Event segment engaged in the production and sale/telecast/broadcast of films/TV Serials, pre-recorded programs, organizing live musical events, and dealing in film rights. The Publication segment publishes the weekly current affairs magazine ‘OPEN’ through its publication business. The firm derives a majority of its revenue from the Music segment. | $4 | -29% | $800M | $773M | 7.5x | 19.9x | ||
| D B Corp Ltd is an Indian print media company with a presence in the radio and digital sectors. The company publishes six newspapers in Hindi, Gujarati, Marathi, and English across 14 states with a total readership of approximately forty-four million. The flagship newspaper brands of the Group are Dainik Bhaskar, Divya Bhaskar, and Divya Marathi. MY FM, the company operates through two segments such as the Printing/Publishing and Allied Business segment, which encompasses newspapers, magazines, printing job work, and internet and mobile interactive services, and the Radio segment, which focuses on radio broadcasting. | $2 | -20% | $385M | $311M | 1.3x | 5.2x | ||
| Navneet Education Ltd is an Indian company engaged in the publishing of educational and children’s books, scholastic stationery, and non-paper stationery products. It offers syllabus-based content in print and digital mediums aligned with various Indian educational boards including CBSE and ICSE. The business segments includes Publication, Stationary and Others. The company markets its products under several brands such as Navneet, Vikas, Gala, YOUVA, and TOPClass, and has a dominant presence in Western India with expanding reach across the country and internationally. Navneet also provides digital learning solutions and has diversified into non-paper stationery and general books. Its revenue is generated from publishing, stationery product sales, and digital education services. | $1 | -2% | $329M | $301M | 1.6x | 2.8x | ||
| Jagran Prakashan Ltd is a India based company along with subsidiaries engaged in printing and publication of newspapers and magazines and operating private FM radio stations through the brand Radio City. The company has organized its business into three categories: Printing, publishing, and digital; FM Radio business; and Others comprising outdoor advertising and event management and activation services. The company's majority of revenue is derived through the printing, publishing, and digital segment from India. Some of the company's popular publications include Dainik Jagran, Mid-day, Sakhi, Inquilab, and Naidunia among others. | $1 | -12% | $159M | $87M | 0.4x | 2.5x | ||
| Frontline Corp Ltd is engaged in diversified business. The company's operating segment includes Transportation; Trading; Generation of Wind Energy; Renting of Immovable Properties: Petrol Pumps and others. It generates maximum revenue from the sale of automobile parts and Lubricants. Geographically, it derives revenue from India. | $0 | -- | $2M | $2M | - | - | ||
| Median | $1 | -16% | $329M | $301M | 1.5x | 4.0x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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