Den Networks (DEN) share price, P/E, ROE & financials

On 6 Nov 2026, Den Networks was priced at ₹26.12, or 8.3× trailing earnings, against an industry P/E of 49.3×, and the shares are 24% below their 52-week high. Sales and net profit fell 4.4% and 12% a year over 3 years; its ROCE of 5.4% is the second-lowest among the 7 largest Entertainment peers, though net profit is above operating profit, which points to a one-off gain. It carries very little debt. It is a small-cap company with a market cap of ₹1,245 Cr, ranked 12th of 55 Entertainment companies by market cap; the shares fell 20% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year

Open: ₹26.52
Day high: ₹26.58
Day low: ₹24.95
Prev. close: ₹26.67
Volume: 4 L

Health check

1 fair · 4 to check

ReturnsBehind
−20.0% over a year, better than 1 of 7 peers.
Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
GrowthShrinking
Sales −4.4%, profit −11.9% a year over 3 years.
ProfitabilityWeak
ROCE 5.4% vs peer median 15.5%.
Balance sheetFair
Practically debt-free, Piotroski 4 of 9.
Red flags3 to check
Return on equity is low at 3.9%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Entertainment

54 listed peers. Screen the industry

Small cap

₹1,245 Cr, #12 of 55 in its industry by size.

Defensive

Beta 0.61 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹967 Cr · profit ₹150 Cr

Market cap: ₹1,245 Cr; Small cap
P/E: 8.3; Industry 49.3
Price to book: 0.32; Peers 6.52
Dividend yield: 0.00%
ROE: 3.9%; Peers 11.6%
ROCE: 5.4%; Peers 15.5%
Debt to equity: 0.00; Debt ₹12 Cr
EPS (TTM): ₹3.14; Face value ₹10
OPM (TTM): 5.3%; Net margin 15.5%
Sales growth: −3.7%; Latest quarter vs a year ago
Profit growth: +2.7%; Latest quarter vs a year ago
Price to sales: 1.29; EV/EBITDA −43.1

Strengths

Practically debt-free.

Risks to check

Return on equity is low at 3.9%.
Quarterly sales down 3.7% on a year ago.
Net profit is above operating profit, so a one-off gain is likely flattering earnings.

Derived automatically from reported figures. Not a recommendation.

About Den Networks

DEN Networks Limited, a media and entertainment company, engages in the distribution of television channels to households through a digital cable distribution network in India. The company operates through two segments: Cable and Broadband. It distributes and promotes television channels; supplies set-top boxes and related equipment; and provides visual entertainment through cable TV, over-the-top entertainment, and broadband services, as well as offers…

Headquarters: Mumbai
Sector: Communication Services
ISIN: INE947J01015
Website: dennetworks.com

Price range

52 weeks

₹22.52₹34.39

Today

₹24.95₹26.58

Avg volume (3M): 3.4 L
1-year return: minus 20.0%
From 52-week high: minus 24.0%

Peers · Entertainment

Compare with peers Screen the whole industry

Company
PFOCUSPrime Focus	285.20	minus 1.06%	22,211	160.2	10.61	23.0%	15.4%	30.4%	−0.3%	14.1%	0.00%	plus 60.2%
PVRINOXPVR INOX	1,565.60	minus 1.00%	15,050	35.8	2.08	7.1%	6.0%	33.2%	20.9%	–	0.00%	plus 36.1%
SAREGAMASaregama India	619.65	minus 1.96%	11,895	49.3	6.52	16.0%	13.9%	35.5%	10.6%	3.8%	0.73%	plus 39.7%
TIPSMUSICTips Music	769.25	plus 0.75%	9,782	43.3	30.29	110.2%	78.1%	69.7%	26.2%	41.5%	1.49%	plus 45.1%
JOJOJOJO	109.80	plus 0.14%	7,572	163.9	20.64	15.5%	11.6%	46.5%	525.5%	694.1%	0.01%	plus 159.8%
NETWORK18Network18 Media & Investments	26.83	minus 1.18%	4,144	–	0.82	6.8%	−0.4%	3.0%	−30.8%	–	0.00%	minus 44.1%
IMAGICAAImagicaaworld Entertainment	43.61	plus 1.37%	2,570	174.4	1.38	1.8%	0.1%	33.1%	13.0%	−87.9%	0.00%	minus 14.7%
DENDen Networks	26.12	minus 2.06%	1,245	8.3	0.32	5.4%	3.9%	5.3%	−4.4%	−11.9%	0.00%	minus 20.0%
Median of 7 peers	–	−1.00%	9,782	104.7	6.52	15.5%	11.6%	33.2%	13.0%	14.1%	0.00%	39.7%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
241	–	251	241	243	233
220	–	238	225	230	223
21	69.7	13.1	15.3	12.7	10.1
8.7%	–	5.2%	6.4%	5.2%	4.3%
–	−23.7	58.4	54.9	54.2	57.9
0.6	–	0.4	0.4	0.4	0.3
24.4	–	23.1	20.6	20	18.7
–	46	47.9	49.2	46.5	48.9
–	–	15.8%	26.0%	25.6%	24.8%
54.2	–	38	38.4	36.7	36.5
1.14	–	0.80	0.81	0.77	0.76

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: −4.4%
Profit CAGR 3Y: −11.9%
EPS CAGR 3Y: −11.9%
ROE: 3.9%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
1,104	1,081	993	966
–	minus 2.1%	minus 8.1%	minus 2.8%
952	925	877	894
152	156	116	71.5
13.8%	14.4%	11.7%	7.4%
60.4	73.4	240	143
1.4	2.6	2.1	1.9
119	113	106	91.3
51.2	131	–	86.8
143	245	249	208
−64.9%	13.0%	20.9%	20.4%
243	215	200	166
–	minus 11.6%	minus 6.8%	minus 17.1%
5.09	4.50	4.20	3.48

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
477	477	477	477
2,731	2,943	3,143	3,308
27.6	25.5	23	20
524	481	500	478
3,759	3,927	4,142	4,283
432	371	322	260
29.4	18.1	14.3	8.3
70.1	68.3	3.3	3.3
2,515	2,746	3,198	3,105
712	723	605	907
3,759	3,927	4,142	4,283

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
139	83.6	18.3	−16.6
−54.3	−66.2	−21.8	24.3
−115	−6.6	−7.2	−3.4
−30	10.8	−10.6	4.2
−99.3	−53.8	−41.4	−41
40	29.8	−23.1	−57.6

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 0.1% (Yahoo estimate).

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you