On 6 Nov 2026, Esha Media Research was priced at ₹50.00, or 166.7× trailing earnings, against an industry P/E of 15.3×, and the shares are 22% below their 52-week high. Its net worth is negative, as liabilities exceed assets, and borrowings are ₹6.41 Cr. It is a small-cap company with a market cap of ₹44 Cr, ranked 10th of 16 Broadcasting companies by market cap; the shares fell 21% over the past year.
- ₹50.98
- ₹52.45
- ₹48.61
- ₹49.97
- 37.1K
Health check
- ReturnsAhead
−20.8% over a year, better than 6 of 7 peers.
- Price tagNegative equity
Book value is below zero, so P/E and P/B mislead here.
- GrowthStrong
Sales +208.8% a year over 3 years.
- ProfitabilityDistorted
With negative net worth, return ratios are meaningless.
- Balance sheetStretched
Negative net worth: liabilities exceed assets.
- Red flags5 to check
Negative net worth: liabilities exceed assets.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹44 Cr
- Small cap
- P/E
- 166.7
- Industry 15.3
- Price to book
- −3.74
- Peers 0.52
- Dividend yield
- 0.00%
- ROE
- n/a
- Peers 1.1%
- ROCE
- n/a
- Peers 3.0%
- Debt to equity
- n/a
- Debt ₹6.41 Cr
- EPS (TTM)
- ₹0.30
- OPM (TTM)
- −153.4%
- Net margin 10.2%
- Sales growth
- −9.7%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 19.39
- EV/EBITDA −13.5
Strengths and risks
Risks to check
- Negative net worth: liabilities exceed assets.
- Quarterly sales down 9.7% on a year ago.
- Net profit is above operating profit, so a one-off gain is likely flattering earnings.
- P/E of 166.7 against an industry P/E of 15.3.
- Interest coverage of only −15.2×.
About Esha Media Research
Esha Media Research Limited provides media monitoring, social listening, and consumer intelligence solutions in India. The company operates Clipbyte for media monitoring, which safeguards brand, comprehends public sentiment, and tracks competitor influence for large corporations, government bodies, film associations, and sports organizers. It also provides stock market vigilance, such as rumor impact assessment, conversation impact analysis, and real-time…
- Headquarters
- Mumbai
- Sector
- Communication Services
- ISIN
- INE328F01016
- Website
- eshamedia.com
Price range
- Avg volume (3M)
- 12.4K
- 1-year return
- minus 20.8%
- From 52-week high
- minus 22.3%
Peers · Broadcasting
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SUNTVSun TV Network | 595.45 | minus 0.27% | 23,466 | 15.2 | 1.74 | 15.3% | 11.9% | 48.2% | 4.7% | −5.5% | 2.52% | plus 6.3% |
| ZEELZee Entertainment Enterprises | 63.97 | minus 5.12% | 6,144 | 35.0 | 0.49 | 2.5% | 1.4% | 1.4% | 0.0% | 78.7% | 3.13% | minus 33.9% |
| NDTVNew Delhi Television | 64.53 | minus 1.75% | 728 | – | −47.52 | −75.1% | −345.0% | −48.4% | 11.0% | – | 0.00% | minus 28.3% |
| TVTODAYTV Today Network | 101.20 | minus 1.20% | 604 | 38.9 | 0.68 | 3.5% | 1.6% | 4.5% | −2.6% | −45.4% | 0.00% | minus 29.7% |
| ZEEMEDIAZee Media Corporation | 7.10 | minus 0.56% | 465 | – | 2.00 | 4.3% | 0.9% | 13.3% | 1.8% | – | 0.00% | minus 28.6% |
| ENILEntertainment Network (India) | 80.55 | minus 2.88% | 384 | – | 0.52 | −1.8% | −1.0% | 10.3% | 3.5% | – | 2.48% | minus 38.7% |
| AQYLONAqylon Nexus | 12.76 | minus 2.22% | 324 | 11.4 | −56.21 | – | – | 35.6% | – | – | 0.00% | minus 98.3% |
| ESHAMEDIAEsha Media Research | 50.00 | plus 0.06% | 44 | 166.7 | −3.74 | – | – | −153.4% | 208.8% | – | 0.00% | minus 20.8% |
| Median of 7 peers | – | −1.75% | 604 | 25.1 | 0.52 | 3.0% | 1.1% | 10.3% | 2.6% | −5.5% | 0.00% | −29.7% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 0.5 | 0.7 | 0.5 | 0.6 | 0.5 | |
| 0.9 | 1 | 1 | 2.7 | 1.1 | |
| −0.3 | −0.3 | −0.5 | −2.1 | −0.6 | |
| −64.6% | −37.1% | −99.9% | −366.7% | −123.3% | |
| 0 | 0 | 0 | 0 | 0 | |
| – | 0 | 0 | 0.1 | – | |
| 0.1 | 0.1 | 0 | 0.1 | 0.1 | |
| – | – | – | 4.1 | – | |
| −0.4 | −0.3 | −0.6 | 1.8 | −0.7 | |
| −0.4 | −0.3 | −0.6 | 1.8 | −0.7 | |
| -0.52 | -0.43 | -0.74 | 2.31 | -0.84 |
Profit & loss
- Sales CAGR 3Y
- +208.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.1 | 0.1 | 3.2 | 2.3 | |
| – | +72.8% | +2222.1% | minus 26.6% | |
| 0.2 | 0.2 | 3.6 | 5.2 | |
| −0.2 | −0.1 | −0.4 | −2.9 | |
| −205.3% | −56.3% | −13.9% | −123.0% | |
| −0 | −0 | 0 | 0 | |
| – | – | 0.3 | 0.2 | |
| 0 | 0 | 0.1 | 0.2 | |
| – | – | −0.1 | 3.7 | |
| −0.2 | −0.1 | −1 | 0.5 | |
| 1.8% | 2.8% | −254.3% | – | |
| −0.2 | −0.1 | −3.6 | 0.5 | |
| -0.23 | -0.11 | -4.65 | 0.62 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 7.8 | 7.8 | 7.8 | 7.8 | |
| −15 | −15.1 | −18.7 | −18.2 | |
| 7.8 | 7.8 | 9.1 | 6.4 | |
| 1.1 | 1.1 | 3.1 | 5.3 | |
| 1.7 | 1.6 | 1.3 | 1.3 | |
| 0.1 | 0 | 0.9 | 0.5 | |
| 0 | 0 | – | 0 | |
| 0.1 | 0 | 0.1 | 0.1 | |
| 1.5 | 1.6 | 0.3 | 0.7 | |
| 1.7 | 1.6 | 1.3 | 1.3 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −0.1 | −0.1 | −0.2 | −1.2 | |
| – | −0 | −0.1 | −0.2 | |
| 0.1 | 0.1 | 0.4 | 1.4 | |
| −0 | −0.1 | 0.1 | −0 | |
| – | −0 | −0.1 | −0.2 | |
| −0.1 | −0.1 | −0.3 | −1.4 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.