May 2026
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Largest TV Broadcasting Public Companies in India
Benchmark revenue and EBITDA valuation multiples for public comps like
Sun TV Network, Zee Entertainment, Jagran Prakashan, New Delhi Television and T.V. Today Network.
 | Sun TV Network Ltd is a media and entertainment company. The group owns and operates a series of television networks across four languages in the news, music, action, life, movies, kids, and comedy genres. It also airs FM stations in several Indian languages. Its business activities are reported under a single segment, being Media and Entertainment. The company generates revenues from advertising, broadcasting fees, International subscriptions, other subscriptions, movie distribution, and content trading. Geographically, the group is focused on the Indian market with a few operations outside India. | $5 | -16% | $2B | $1B | 3.2x | 5.2x | ||
| Zee Entertainment Enterprises Ltd is a broadcasting television company that provides media and entertainment services. Zee generates revenue from advertisements, subscriptions, theatrical revenue, the sale of media content, transmission revenue, and commissions. The company controls a suite of television channels that broadcast in many different languages. Furthermore, Zee Entertainment produces and distributes feature films, develops digital online offerings, and produces and sells live entertainment events. It operates in a single segment, Content and Broadcasting. The company earns the vast majority of its revenue in India. | $1 | -38% | $948M | $642M | 0.8x | 11.4x | ||
| 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 | +3% | $175M | $87M | 0.4x | 2.2x | ||
| New Delhi Television Ltd is in the business of television media and currently operates three channels including a dual channel namely NDTV 24x7, NDTV India, and NDTV Profit. The subsidiaries of the company include NDTV Convergence Ltd and NDTV World-wide Ltd offers consultancy for setting up of local television news channels in emerging markets across the world. The company also has associates and joint venture engaged into different e-commerce businesses on various platforms such as www.Gadgets360.com and www.mojarto.com. The company operates in India, America, Europe and Others. | $1 | -37% | $97M | $140M | 2.9x | (7.8x) | ||
| T.V. Today Network Ltd is engaged in Television programming and broadcasting activities. The company operates in various markets, such as Television, Digital Media, and Radio. The group provides advertisement space on its television news channels Aaj Tak, India Today, Good News Today, and Aaj Tak HD (India and overseas), various websites, mobile apps, social media platforms, and radio 104.8 Ishq FM. The activity of the group is functioned in India and derives key revenue through Advertisement and other related operations. | $1 | -36% | $71M | $50M | 0.5x | 7.6x | ||
| Dish TV India Ltd provides direct-to-home and teleport services as part of the Indian media conglomerate Zee Group. DishTV generates the majority of its revenue by selling direct-to-home subscriptions, majority of which are prepaid. DishTV also sells advertising and leases and sells digital signal receiving equipment, such as set-top-boxes and dish antenna. Another source of revenue is from broadcasters paying bandwidth fees to keep content on a prime band. The company generates the vast majority of revenue in India. | $0 | -39% | $61M | $45M | 0.3x | 2.0x | ||
| Median | $1 | -37% | $136M | $114M | 0.7x | 3.7x |
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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