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ZEEL.NS

Zee Entertainment Enterprises Ltd.

Media Entertainment & Publication
Price research

Price history

1Y window · 2025-09-22 to 2026-09-22

Start 2025-09-22 ₹119.91
End 2026-09-22 ₹78.21
Change over window -34.78%
Methodology

Price is the daily close from stored Kite history. The other metrics pair that daily price with the company's periodic filings — each fundamental (revenue, EPS, equity…) is held flat at its latest filed value between annual filings, so a ratio steps at each filing and moves daily only through its price term. A metric with no input on file for this company (e.g. EV/EBITDA for a bank, which has no EBIT) is shown as unavailable, never guessed. Share-count-based metrics use the latest diluted share count against split/bonus-adjusted prices.

Technical analysis

Technical indicators

Same window as the price chart above

These reflect only the stock's recent price and volume behavior — not the company's fundamentals — and are not a recommendation to buy or sell. Standard published parameters are used throughout (see each chart's own label); a company with too little stored price history for a given indicator's lookback window shows that plainly below rather than a garbage or misleading value.

Latest value of each line in the charted window
Methodology

MACD (12,26,9), Stochastic Oscillator (14,3) and Money Flow Index (14-day) each carry their own published reference lines/bands (20/80 for the oscillator readings) where one is standard. ADX includes +DI/-DI for direction alongside trend strength; a dashed line marks the commonly published 25 "trending market" reading. ATR is shown in raw rupees here; the price/volume preset screen (below, and on the Screener page) reports it as a % of price so it's comparable across stocks at different price levels. Computed from the same stored daily OHLCV history as the price chart above — no new data source.

Ratios as of FY2025-26 Annual filing · published 2026-05-19
Price (live) ₹78.21 INR fetched 2026-09-23 02:45
Fundamental analysis

Ratios

Calculated from this company's filed figures, and from the current price where a ratio needs one. Every ratio shows its source trace: the filed elements it reads and the arithmetic behind the result.

P/E

27.52

P/E = Price / EPS

Source trace FY2025-26 · Annual filing

P/E = Price / (ProfitOrLossAttributableToOwnersOfParent / PaidUpValueOfEquityShareCapital ÷ FaceValueOfEquityShareCapital) → ₹78.21 / (₹2,731,000,000 / 961,000,000 shares) = ₹78.21 / ₹2.84 EPS

ROE

2.33%

ROE = Net Income / Shareholder Equity

Source trace FY2025-26 · Annual filing

ROE = ProfitOrLossAttributableToOwnersOfParent / EquityAttributableToOwnersOfParent → ₹2,731,000,000 / ₹117,299,000,000 = 2.33%

Debt/Equity

0.02

Debt/Equity = Total Debt / Shareholder Equity

Source trace FY2025-26 · Annual filing

Debt/Equity = BorrowingsCurrent + BorrowingsNoncurrent / EquityAttributableToOwnersOfParent → ₹1,777,000,000 / ₹117,299,000,000 = 0.02

Current Ratio

5.59

Current Ratio = Current Assets / Current Liabilities

Source trace FY2025-26 · Annual filing

Current Ratio = CurrentAssets / CurrentLiabilities → ₹120,163,000,000 / ₹21,492,000,000 = 5.59

ROCE

2.75%

ROCE = EBIT / (Shareholder Equity + Total Debt)

Source trace FY2025-26 · Annual filing

ROCE = ProfitBeforeExceptionalItemsAndTax + FinanceCosts / (EquityAttributableToOwnersOfParent + BorrowingsCurrent + BorrowingsNoncurrent) → ₹3,276,000,000 / (₹117,299,000,000 + ₹1,777,000,000) = 2.75%

Dividend Yield

3.11%

Dividend Yield = (Dividends Paid / Diluted Shares Outstanding) / Price

Qualification This is cash paid during the fiscal year, not a per-share rate declared for it (no such element exists in the filing data) — timing can straddle interim/final dividends across years, and pre-FY2020-21 figures may include the since-abolished Dividend Distribution Tax, reading higher than later years for that reason alone.

Source trace FY2025-26 · Annual filing

Dividend Yield = (|DividendsPaidClassifiedAsFinancingActivities| / PaidUpValueOfEquityShareCapital ÷ FaceValueOfEquityShareCapital) / Price → (₹2,334,000,000 / 961,000,000 shares) / ₹78.21 = ₹2.43 / ₹78.21

Growth & quality

Growth & earnings trend

Computed from this company's stored annual filings. Each figure carries the filed values behind it as a tooltip.

Revenue CAGR · 3y 0.0%
Net profit CAGR · 3y 78.8%
Operating margin · FY2025-26 4.0%
ROCE · FY2025-26 2.8%

Revenue & Profit CAGR

Revenue (3y, 3.0y actual)
0.0%
Net Profit (3y)
78.8%
Revenue (5y, 3.0y actual)
0.0%
Net Profit (5y)
78.8%
Revenue (10y, 3.0y actual)
0.0%
Net Profit (10y)
78.8%

Operating Margin Trend

Eroding
FY2022-23
10.8%
FY2023-24
8.5%
FY2024-25
12.7%
FY2025-26
4.0%

ROCE Trajectory

FY2022-23
8.1%
FY2023-24
6.7%
FY2024-25
9.0%
FY2025-26
2.8%

Earnings Quality

No persistent gap detected

Net Profit CAGR 78.76% vs CFO CAGR 76.36% over 3.0y (2023-03-31 → 2026-03-31); most recent year: Net Profit -59.81% vs CFO -40.30%

Sector-Relative Percentile

Sector · Media Entertainment & Publication
ROE 0th percentile Better than 0 of 4 sector peers (0th percentile).
ROCE 0th percentile Better than 0 of 4 sector peers (0th percentile).
Debt/Equity 75th percentile Better than 3 of 4 sector peers (75th percentile).
P/E 75th percentile Better than 3 of 4 sector peers (75th percentile).
Forensic accounting

Beneish M-Score

Eight year-over-year accounting indices (Beneish, 1999) computed for Zee Entertainment Enterprises Ltd. across its two most recently stored annual filings. Read the disclosures below before anything past this paragraph.

This is not an accusation and not a finding that any manipulation occurred. Beneish's own paper is explicit that the score identifies companies whose accounting CHARACTERISTICS resemble those of a sample of past manipulators -- nothing more. StockProof never labels a company "manipulator", "red flag" or "suspicious", and never shows any list of companies ordered by this score. The eight components below -- factual statements about figures the company itself filed -- always come before the composite number, which is the inference, not the fact.

The M-Score is calibrated on 74 US-listed companies from 1982-1992 later found to have manipulated earnings (Beneish, M. D. (1999), "The Detection of Earnings Manipulation", Financial Analysts Journal 55(5)) -- not on any Indian company or era. Measured on StockProof's own Nifty 500 universe as of 2026-09-02, 13.6% of companies score above Beneish's own published cutoff. On any realistic base rate of actual earnings manipulation, that flag rate is overwhelmingly false positives, not overwhelmingly real ones.

No "Selling, General & Administrative Expense" element exists anywhere in NSE's filed data. The SGAI component below is approximated as Employee Benefit Expense + Other Expenses, divided by revenue -- a reasonable stand-in for a manufacturer, but for a services company this proxy is closer to the entire cost base than to SG&A specifically. This is disclosed because it is a genuine deviation from Beneish's published specification; its coefficient (-0.172) is the smallest of the eight, which bounds how far the approximation can move the composite.

This measures something different from a financial-distress score like Altman's Z-Score, and the two essentially never agree. Measured on StockProof's own 389-company overlap as of 2026-09-02: only 5 companies were flagged by both, an agreement rate (intersection ÷ union) of 6.2%, and a correlation between the two scores of +0.088 -- closely matching the independently measured +0.092 over 3,242 Malaysian-listed companies. A low Z-Score and a high M-Score are not corroborating each other; they are unrelated measurements.

Comparing FY2024-25FY2025-26

Index Value Beneish's own threshold Reading, vs. that threshold
DSRI — Days' Sales in Receivables Index 1.152 1.031 Exceeds Beneish's published threshold
GMI — Gross Margin Index N/A 1.014 The derived gross margin for 2025-03-31 (100.0%) is a degenerate (≥95%) reading, typical of a services filer with little or no tagged material/inventory cost -- GMI is not computable, not clamped to a plausible range.
AQI — Asset Quality Index 1.204 1.039 Exceeds Beneish's published threshold
SGI — Sales Growth Index 0.976 1.134 Below Beneish's published threshold
DEPI — Depreciation Index 1.105 1.077 Exceeds Beneish's published threshold
SGAI — SG&A Index 0.411 1.041 Below Beneish's published threshold
LVGI — Leverage Index 1.147 1.111 Exceeds Beneish's published threshold
TATA — Total Accruals to Total Assets -0.031 0.018 Below Beneish's published threshold

Composite M-Score not computable — 1 of 8 indices could not be computed from the data on file (GMI), and the M-Score is a single weighted equation -- dropping a term would yield a different, uncalibrated score rather than a smaller valid one, so no composite is shown. The components that WERE computable are still shown individually below.

Financials

Quarterly trend

10 stored quarters

Revenue Net Profit Net Profit (loss quarter)
Metric (to shareholders basis) Q2 FY2023-24 Q3 FY2023-24 Q4 FY2023-24 Q1 FY2024-25 Q2 FY2024-25 Q3 FY2024-25 Q1 FY2025-26 Q3 FY2025-26 Q4 FY2025-26 Q1 FY2026-27 Source
Revenue ₹24.38 Bn ₹20.46 Bn ₹21.70 Bn ₹21.31 Bn ₹20.01 Bn ₹19.79 Bn ₹18.25 Bn ₹22.80 Bn ₹20.25 Bn ₹19.07 Bn RevenueFromOperations
Net Profit ₹1.23 Bn ₹0.59 Bn ₹0.13 Bn ₹1.18 Bn ₹2.09 Bn ₹1.64 Bn ₹1.44 Bn ₹1.55 Bn incl. minority ₹1.55 Bn ₹-1.02 Bn incl. minority ₹-1.04 Bn ₹0.76 Bn incl. minority ₹0.74 Bn ProfitOrLossAttributableToOwnersOfParent
Basis

Primary figures are Revenue from Operations and Net Profit attributable to shareholders — the basis the ratios use. Where they differ, the companion Gross revenue (incl. inter-segment) and incl. minority net profit (the totals a news headline usually quotes) are shown beneath, each traceable to its own XBRL element. Quarters shown are however many are actually stored (up to 10).

Ownership

Shareholding pattern

Latest filing Jun 2026 · 12 filings on file

Promoter & Promoter Group
3.99%
Public
96.01%
Employee Trusts
0.00%
Promoter % Public %
Metric Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter & Promoter Group 3.99% 3.99% 3.99% 3.99% 3.99% 3.99% 3.99% 3.99% 3.99% 3.99% 3.99% 3.99%
Public 96.01% 96.01% 96.01% 96.01% 96.01% 96.01% 96.01% 96.01% 96.01% 96.01% 96.01% 96.01%
Employee Trusts 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Source

Promoter vs. public shareholding, from NSE's own quarterly shareholding-pattern filings. This is the headline promoter/public split only — a further breakdown by FII/DII/mutual fund holders requires each filing's own detailed disclosure and isn't shown here.

Trading activity

Delivery volume

20 trading days shown

Latest (2026-09-23) 25.4%
Trailing 20-day average 28.6%
Date Traded Qty Delivery Qty Delivery %
2026-09-23 13400743 3405295 25.41%
2026-09-22 8389460 1769208 21.09%
2026-09-21 9517177 2852204 29.97%
2026-09-18 21977996 6726853 30.61%
2026-09-17 13155417 4636597 35.24%
2026-09-16 35791324 6803595 19.01%
2026-09-15 13904557 5437963 39.11%
2026-09-11 21161135 5968867 31.86%
2026-09-10 22803793 7377650 32.35%
2026-09-09 12868445 3891013 30.24%
2026-09-08 16984775 4199649 24.73%
2026-09-07 42609965 13438352 31.54%
2026-09-04 13036739 3731730 28.62%
2026-09-03 13920936 4095882 29.42%
2026-09-02 18542223 6663524 35.94%
2026-09-01 34196527 6543802 19.14%
2026-08-31 109254600 21713999 19.87%
2026-08-28 20423986 6963494 34.09%
2026-08-27 24740990 6148764 24.85%
2026-08-26 13145288 3724768 28.34%
Source

Delivery quantity/percentage from the NSE bhavcopy (DELIV_QTY/DELIV_PER) — the share of that day's traded volume that actually settled into a demat account, rather than being squared off intraday. A higher delivery percentage is commonly read as genuine accumulation/distribution rather than speculative same-day trading; this describes recent trading PATTERN, not the company itself, and is not a recommendation to buy or sell. A blank cell is a day NSE itself published no figure for, never a zero.

Insider trading activity

20 disclosures shown

Disclosed Person Category Type Mode Quantity Value (₹) Resulting stake Source
31 Mar 2026 Shreyasi Goenka Immediate relative Buy Market Purchase 1243008 89559347 0.62% XBRL
13 Nov 2025 Shreyasi Goenka Immediate relative Buy Market Purchase 2435000 249645453 0.49% XBRL
18 Sep 2025 Udayan Goenka Immediate relative Buy Market Purchase 41970 4883675 0.24% XBRL
18 Sep 2025 Shreyasi Goenka Immediate relative Buy Market Purchase 41050 4781105 0.24% XBRL
13 May 2025 Shreyasi Goenka Immediate relative Buy Market Purchase 839490 99988902 0.23% XBRL
13 May 2025 Udayan Goenka Immediate relative Buy Market Purchase 840020 99987688 0.23% XBRL
11 Mar 2025 Shivani Jindal Immediate relative Sell Market Sale 7000 698880 0.00% XBRL
06 Mar 2025 Shivani Jindal Immediate relative Sell Market Sale 33000 3204993 0.00% XBRL
06 Mar 2025 Shreyasi Goenka wife of Punit Goenka Immediate relative Buy Market Purchase 1383500 134647338 0.14% XBRL
06 Mar 2025 Udayan Goenka Son of Punit Goenka Immediate relative Buy Market Purchase 1415450 134653032 0.15% XBRL
11 Mar 2022 Cyquator Media Services Private Limited Promoters Pledge Pledge Creation 475000 207408750 25.14% XBRL
11 Mar 2022 Cyquator Media Services Private Limited Promoters Pledge Invoke Invocation of pledge 50000 21262500 25.13% XBRL
11 Mar 2022 Cyquator Media Services Private Limited Promoters Buy Market Purchase 50000 21727000 25.14% XBRL
11 Mar 2022 Cyquator Media Services Private Limited Promoters Pledge Invoke Invocation of pledge 9485500 3361661200 23.23% XBRL
11 Mar 2022 Cyquator Media Services Private Limited Promoters Pledge Revoke Revokation of Pledge 2001350 798138380 23.36% XBRL
11 Mar 2022 Cyquator Media Services Private Limited Promoters Pledge Pledge Creation 1349000 541893300 23.36% XBRL
04 Jun 2021 Rahul Johri Employees/Designated Employees Sell Market Sale 10000 2122500 0.00% XBRL
19 Feb 2021 Essel Corporate LLP Promoters Pledge Invoke Invocation of pledge 290000 61393000 0.02% XBRL
21 Aug 2020 Manish Chokhani Director Buy Market Purchase 100000 20000000 0.02% XBRL
30 Jul 2020 Essel Corporate LLP Promoters Pledge Invoke Invocation of pledge 1035090 150502086 0.05% XBRL
About these disclosures

SEBI PIT (Prohibition of Insider Trading) Regulation 7 disclosures — designated persons (promoters, directors, KMPs, and their immediate relatives) reporting their own dealing in the company's securities, as NSE publishes them. Distinct from the SAST (Regulation 29 substantial-acquisition) filings on the market-wide SAST activity page. Public record only — this is descriptive disclosure data, not a signal, and is not a recommendation to buy or sell.

Filings & evidence

Source documents

FY2025-26 · Annual filing

The raw filing line items behind the figures on this page, and NSE's own filing document where NSE publishes one.

Source document — income statement (FY2025-26, raw filing line items)
Line itemFiled value
ProfitOrLossAttributableToOwnersOfParent2731000000.0
PaidUpValueOfEquityShareCapital ÷ FaceValueOfEquityShareCapital961000000.0
Source document — balance sheet (FY2025-26, raw filing line items)
Line itemFiled value
CurrentAssets120163000000.0
CurrentLiabilities21492000000.0
EquityAttributableToOwnersOfParent117299000000.0
BorrowingsCurrent + BorrowingsNoncurrent1777000000.0
Research notes

My notes