The Sandesh (SANDESH) had a P/E of 6.9× on 6 Nov 2026, below the industry P/E of 7.6×, and the shares are 23% below their 52-week high. It earns ROCE of 6.5% and ROE of 4.7%, and sales grew 9.1% a year over 3 years while net profit fell 13%, though net profit is above operating profit, which points to a one-off gain. Its dividend yield is 0.5%. It is a small-cap company with a market cap of ₹738 Cr, ranked 5th of 11 Publishing companies by market cap; the shares fell 16% over the past year.
- ₹980.40
- ₹990.00
- ₹961.10
- ₹979.05
- 1.3K
Health check
- ReturnsIn line
−16.0% over a year, better than 3 of 7 peers.
- Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
- GrowthSteady
Sales +9.1%, profit −13.4% a year over 3 years.
- ProfitabilityWeak
ROCE 6.5% vs peer median 14.8%.
- Balance sheetStretched
Piotroski 3 of 9.
- Red flags2 to check
Return on equity is low at 4.7%.
Small cap
Defensive
Key metrics
- Market cap
- ₹738 Cr
- Small cap
- P/E
- 6.9
- Industry 7.6
- Price to book
- 0.52
- Peers 0.71
- Dividend yield
- 0.48%
- ROE
- 4.7%
- Peers 9.9%
- ROCE
- 6.5%
- Peers 14.8%
- Debt to equity
- n/a
- Debt ₹0.00 Cr
- EPS (TTM)
- ₹141.74
- Face value ₹10
- OPM (TTM)
- 1.1%
- Net margin 12.2%
- Sales growth
- +524.8%
- Latest quarter vs a year ago
- Profit growth
- +71.4%
- Latest quarter vs a year ago
- Price to sales
- 0.84
- EV/EBITDA 0.9
Strengths and risks
Strengths
- Quarterly profit up 71.4% on a year ago.
- Quarterly sales up 524.8% on a year ago.
Risks to check
- Return on equity is low at 4.7%.
- Net profit is above operating profit, so a one-off gain is likely flattering earnings.
About The Sandesh
The Sandesh Limited, together with its subsidiary, Sandesh Digital Private Limited, engages in the editing, printing, and publishing of newspapers and periodicals in India. It operates through three segments: Media; Finance; and Trade in Commodities. The company publishes SANDESH, a Gujarati daily newspaper; and operates Sandesh News, a Gujarati news channel. It also provides news, videos, and advertisements on digital platforms; out-of-home media…
- Headquarters
- Ahmedabad
- Employees
- 434
- Sector
- Communication Services
- ISIN
- INE583B01015
- Website
- sandesh.com
Price range
- Avg volume (3M)
- 1.2K
- 1-year return
- minus 16.0%
- From 52-week high
- minus 23.2%
Peers · Publishing
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| MPSLTDMPS | 2,232.90 | minus 2.37% | 3,790 | 20.1 | 15.7 | 33.4% | 32.6% | 0.10 | 15.4% | minus 0.1% |
| NAVNETEDULNavneet Education | 129.32 | plus 0.54% | 2,861 | 8.5 | 11.4 | 21.0% | 14.6% | 0.05 | 0.5% | minus 17.8% |
| DBCORPD.B.Corp | 154.89 | minus 1.00% | 2,761 | 8.4 | 4.3 | 17.1% | 20.3% | 0.09 | 3.3% | minus 41.1% |
| JAGRANJagran Prakashan | 65.88 | plus 0.15% | 1,434 | 7.6 | 2.3 | 12.6% | 16.6% | 0.05 | 0.4% | minus 9.0% |
| SANDESHThe Sandesh | 975.30 | minus 0.38% | 738 | 6.9 | 1.5 | 6.5% | 20.0% | – | 9.1% | minus 16.0% |
| HMVLHindustan Media Ventures | 85.21 | plus 4.98% | 626 | 4.9 | – | 10.4% | 10.1% | 0.05 | 0.3% | plus 6.5% |
| HTMEDIAHT Media | 24.29 | minus 0.29% | 562 | 34.7 | 0.5 | 4.2% | 6.9% | 0.38 | 1.8% | minus 10.1% |
| SCHANDS Chand And Company | 132.28 | plus 0.38% | 467 | 6.5 | 2.8 | – | 17.8% | 0.13 | 9.5% | minus 25.6% |
| Median of 7 peers | – | 0.15% | 1,434 | 8.4 | 3.5 | 14.8% | 16.6% | 0.09 | 1.8% | −10.1% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 73.3 | 77.8 | 77.1 | 211 | 458 | |
| 55.2 | 73.1 | 57.2 | 246 | 439 | |
| 18.1 | 4.8 | 19.9 | −34.9 | 19.4 | |
| 24.7% | 6.1% | 25.8% | −16.6% | 4.2% | |
| 54.7 | 4.3 | 32.4 | 5.5 | 92.1 | |
| 0 | 0 | 0.1 | 0 | 0 | |
| 1.6 | 1.8 | 1.8 | 1.8 | 1.5 | |
| 0.2 | – | −2.3 | 0 | 0.1 | |
| 71.5 | 7.2 | 48.1 | −31.2 | 110 | |
| 18.8% | 46.3% | 20.0% | −10.6% | 9.6% | |
| 58 | 3.9 | 38.5 | −34.5 | 99.5 | |
| 76.68 | 5.10 | 50.84 | -45.63 | 131.43 |
Profit & loss
- Sales CAGR 3Y
- +9.1%
- Profit CAGR 3Y
- −13.4%
- EPS CAGR 3Y
- −13.4%
- ROE
- 4.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 338 | 318 | 294 | 440 | |
| – | minus 5.8% | minus 7.6% | +49.5% | |
| 245 | 238 | 226 | 353 | |
| 93.3 | 80.4 | 68.4 | 86.4 | |
| 27.6% | 25.3% | 23.3% | 19.6% | |
| 14 | 12.7 | 37.3 | 18.4 | |
| 0.1 | 0.3 | 0.2 | 0.2 | |
| 5.9 | 6.6 | 7.3 | 7 | |
| 32.2 | 155 | 0.5 | −2 | |
| 134 | 241 | 98.7 | 95.5 | |
| 24.1% | 21.7% | 21.9% | 31.1% | |
| 101 | 189 | 77.1 | 65.8 | |
| – | +86.0% | minus 59.1% | minus 14.6% | |
| 133.98 | 249.14 | 101.89 | 86.99 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 7.6 | 7.6 | 7.6 | 7.6 | |
| 1,047 | 1,254 | 1,346 | 1,420 | |
| 62.3 | 87.1 | 88.8 | 99.2 | |
| 1,117 | 1,349 | 1,442 | 1,527 | |
| 67.4 | 65.9 | 62.3 | 56.9 | |
| 4 | 5.3 | 4.8 | 0 | |
| 346 | 335 | 347 | 425 | |
| 424 | 733 | 847 | 664 | |
| 276 | 209 | 181 | 381 | |
| 1,117 | 1,349 | 1,442 | 1,527 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 83.7 | 154 | 67.4 | −145 | |
| −106 | −130 | −109 | 148 | |
| −4 | −4 | −2.1 | −2.1 | |
| −25.9 | 19.7 | −43.2 | 0.7 | |
| −2.8 | −4.7 | −3.2 | −5.6 | |
| 80.9 | 149 | 64.2 | −151 | |
| −3.8 | −3.8 | −1.9 | −1.9 |
Shareholding pattern
- Promoters74.81%
- Public25.19%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 74.81% | 25.19% | 0.00 | |
| 30 Jun 2026 | 74.81% | 25.19% | 0.00 | |
| 31 Mar 2026 | 74.81% | 25.19% | 0.00 | |
| 31 Dec 2025 | 74.81% | 25.19% | 0.00 | |
| 30 Sep 2025 | 74.81% | 25.19% | – |
Major shareholders
Filings & events
News
No recent news coverage found.