NETWORK18.NS Network18 Media & Investments Limited
INR·Price 34.00·Mkt cap 52.08BComputed from the latest reported financials and the current market price.
Who's the real player?
A genuine play on this theme — most of its business sits right here.
Is the business healthy?
Shaky fundamentals — weak cash generation or a stretched balance sheet. Tread carefully.
- ⚠Weak FCF conversion (<50% of net income turns into free cash)
- ⚠High leverage: net debt > 3.5x EBITDA
- ⚠Thin interest coverage (<2x)
- ⚠Receivables growing much faster than revenue (channel-stuffing risk)
- ⚠Altman Z in distress zone (<1.8)
- Strong growth quality
- High gross margin
Are the smart people buying?
No ownership-change data for this stock. Conviction is judged from capex and buyback signals alone.
What is management saying?
No earnings-call transcript or filings found for this stock.
Is the price right?
DCF not meaningful here — no positive base FCF or share count — DCF not meaningful.
Through the masters' eyes
Each investor's numeric rules, checked against this stock's metrics: exact math, no guesswork. Tap one to see which rules pass, fail, and what to judge yourself.
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Passes 1 of 2 of Peter Lynch's numeric checks. Still judge the non-numeric criteria below for yourself.
- Manageable debt (D/E ≤ 1.0) — now 0.67
- Solid liquidity (current ratio ≥ 1.5) — now 0.26
- A simple business you understand
- Which 'type' it is (fast grower, stalwart, cyclical…)
- A believable growth story
Couldn't check from available data: PEG ≤ 1 (growth cheap vs price) — not available; Earnings growth ≥ 15% — not available
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Passes 1 of 2 of Vijay Kedia's numeric checks. Still judge the non-numeric criteria below for yourself.
- Manageable debt (D/E ≤ 1.0) — now 0.67
- ROE ≥ 15% — now 3.1%
- Ambitious, capable management
- A small company with a large opportunity
- Patience to hold for years
Couldn't check from available data: Strong earnings growth ≥ 20% — not available
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Passes 1 of 3 of Charlie Munger's numeric checks. Still judge the non-numeric criteria below for yourself.
- Conservative leverage (D/E ≤ 1.0) — now 0.67
- High returns on capital (ROCE ≥ 15%) — now -1.7%
- ROE ≥ 15% — now 3.1%
- A high-quality, understandable business
- A durable moat
- Management of integrity
Couldn't check from available data: Trades below intrinsic value (margin of safety ≥ 0) — not available
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Passes 2 of 6 of Benjamin Graham's numeric checks. Still judge the non-numeric criteria below for yourself.
- P/B ≤ 1.5 — now 1.06
- Debt below equity (D/E ≤ 1.0) — now 0.67
- P/E ≤ 15 — now 34.22
- Graham number: P/E × P/B ≤ 22.5 — now 36.3
- Strong liquidity (current ratio ≥ 1.5) — now 0.26
- Financially safe (Altman Z ≥ 3) — now 1.05
- A long record of stable earnings
- An uninterrupted dividend history
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Passes 1 of 3 of Rakesh Jhunjhunwala's numeric checks. Still judge the non-numeric criteria below for yourself.
- Conservative leverage (D/E ≤ 1.0) — now 0.67
- ROE ≥ 18% — now 3.1%
- Net margin ≥ 10% — now 7.2%
- A large, scalable opportunity
- Trustworthy, ambitious management
- Conviction to hold through volatility
Couldn't check from available data: Earnings growth ≥ 15% — not available
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Passes 1 of 4 of Warren Buffett's numeric checks. Still judge the non-numeric criteria below for yourself.
- Conservative leverage (D/E ≤ 1.0) — now 0.67
- ROE ≥ 15% — now 3.1%
- Net margin ≥ 10% — now 7.2%
- Positive free cash flow — now -3.7%
- A business you can understand
- A durable competitive moat
- Honest, capable management
Couldn't check from available data: Trades below intrinsic value (margin of safety ≥ 0) — not available
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Passes 1 of 4 of Radhakishan Damani's numeric checks. Still judge the non-numeric criteria below for yourself.
- Positive net margin — now 7.2%
- High returns on capital (ROCE ≥ 18%) — now -1.7%
- Very low debt (D/E ≤ 0.5) — now 0.67
- Consistent revenue (consistency ≥ 80%) — now 51.1%
- A durable consumer franchise
- Pricing power
- A long runway, bought patiently
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Passes 0 of 2 of Raamdeo Agrawal's numeric checks. Still judge the non-numeric criteria below for yourself.
- Quality: ROCE ≥ 18% — now -1.7%
- Longevity: revenue consistency ≥ 70% — now 51.1%
- Durability of the growth (longevity)
- Quality and honesty of management
Couldn't check from available data: Growth: earnings CAGR ≥ 15% — not available; Price: PEG ≤ 2 — not available
Financial statements (INR)
↗ sourceCash-flow lines highlighted — we trust cash over reported profit.
| Line | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | 21.21B | 68.88B | 91.79B | 61.46B | — |
| Operating income | -888.80M | -5.54B | -8.63B | 187.60M | — |
| EBITDA | 4.93B | -10.71B | 1.25B | 3.08B | — |
| Net income | 1.52B | -16.87B | -2.06B | -842.70M | — |
| Operating cash flow | -281.00M | -19.12B | -64.65B | -28.04B | — |
| Capex | -513.50M | -8.98B | -24.04B | -7.32B | — |
| Free cash flow | -794.50M | -28.11B | -88.69B | -35.36B | — |
| Total assets | 89.96B | 84.98B | 398.81B | 139.84B | — |
| Total equity | 49.18B | 47.43B | 152.27B | 6.75B | — |
| Total debt | 32.88B | 29.60B | 81.56B | 60.69B | — |
| Cash & equivalents | 385.10M | 27.20M | 48.31B | 2.28B | — |