Best Media Stocks in India

What are Media Stocks?

The term ‘media’ encompasses various channels of mass communication such as movies, television, print and social media. Moreover, with time, the channels of communication will expand – the latest avenue for expansion being the metaverse. India has a population of over 140 crores and not all of them are consumers of the aforementioned media. Therefore, the market for media companies is not only proven but is also expanding both within and outside India. 

Movies like RRR and news channels like WION are catering to a global audience beyond India and the Indian diaspora. On the other hand, companies like ShareChat and Koo are competing against foreign social media giants within the Indian domestic market.

Let us now see which are the top companies that are reaping the benefits of such success, in terms of performance in the stock market.

Best Media Stocks in India

The following are some of the best media stocks in the country. All of them are a part of the Nifty Media Index. Other stocks in the Nifty Media index include Network 18, PVR Inox, TV TodayNetwork, TV18 Broadcast, and Zee Entertainment.

All the figures stated in the article are as of 12/05/2023 and are subject to change.

DB Corp.

D B Corp Ltd (DBCL) is India’s largest media conglomerate with a robust presence across the print, radio, and digital spaces. Being India’s largest print media company, it publishes 6 newspapers – Dainik Bhaskar, Divya Bhaskar , Divya Marathi, Saurashtra Samachar, DB Star, and DB Post in 4 languages i.e., Hindi, Gujarati, Marathi and English – some of these newspapers have multiple editions. The company has presence across 12 states in India.

Market Cap: Rs. 2109 cr.

Return on Equity: 10.26%

Dish TV India

Dish TV is India’s biggest direct-to-home (DTH) Company with a subscriber base of over 2.9 crore. The Company is a member of the Essel Group.On its platform, the company has more than 655 channels & services, which includes roughly 40 audio channels and 70 HD channels & services. It has a bandwidth capacity of 1422 MHz, the largest for a DTH player in India. It enjoys a vast distribution network of over 4,000 distributors & around 400,000 dealers spanning across 9,450 towns in India.

Market cap: Rs. 2888 cr.

Return on Equity: 83.14%

Jagran Prakashan

The Company is involved in the business of printing and publishing newspapers, magazines, journals etc. Its other activities include outdoor advertising, event management and a digital business. The Company owns the publication rights of ‘Dainik Jagran’, ‘Daily Action’  and ‘Kanchan Prabha’, Kanpur.

Market Cap: Rs. 1563 cr.

Return on Equity: 12.06%

Inox Leisure

Inox Leisure Limited is a large multiplex operator with operations in 73 cities in India as of June, 2022. In total, it uses 163 properties with 692 screens. The Company finds income from a diverse set of businesses ranging from theatres and multiplexes, food and beverage products and electricity. Inox Leisure’s holding company is GFL Limited.

Market cap: Rs. 6,213 cr.

Return on Equity: -1.8%

Sun TV Network

Sun TV Network Ltd is focused on producing and broadcasting satellite TV and radio in regional languages such as Tamil, Telugu, Malayalam, Kannada, Bangla and Marathi. Its viewer-base is spread beyond India, in Sri Lanka, Singapore, Malaysia, Europe, Middle East, US, Australia, South Africa and Canada. Sun TV is the flagship channel, but there are also others such as Surya TV, Gemini TV, Udaya TV Sun Bangla and Sun Marathi. 

Market Cap: Rs. 17,117 cr.

Return on Equity: 20.12%

Conclusion

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Disclaimer: This article has been written for educational purposes only. The securities mentioned are only examples and not recommendations.