Sun TV Network Limited is one of India’s most influential media conglomerates, based in Chennai, Tamil Nadu. Founded by Kalanithi Maran on April 14, 1993, the network has evolved into a significant player in the Asian television industry. With an impressive portfolio of 37 television channels across seven languages, Sun TV Network reaches over 140 million households in India, offering a wide variety of content ranging from entertainment and movies to news and music. The network’s channels enjoy a substantial viewership, making it a dominant force in the regional television market. In addition to television, Sun TV Network has diversified its media presence with a Direct-To-Home (DTH) broadcast service, 69 FM radio stations, three daily newspapers, six magazines, and two sports franchises, further solidifying its standing as a comprehensive media powerhouse. The company’s influence extends beyond India, with its channels being accessible in 27 countries, including the USA, Canada, Europe, Singapore, Malaysia, Sri Lanka, South Africa, Australia, and New Zealand. This expansive reach underlines Sun TV Network’s status as a global media giant, offering content that resonates with millions of viewers worldwide. With its broad and diversified media offerings, Sun TV Network continues to shape the entertainment landscape in India and beyond, reflecting its enduring legacy and commitment to innovation in the media industry.
- Net Profit: Declined by 5.5% YoY to ₹559.8 crore compared to ₹592 crore in Q1 FY24.
- Revenue from Operations: Dropped by 2.7% YoY to ₹1,312.4 crore, down from ₹1,349.2 crore in the same quarter last year.
- EBITDA: Fell by 9.9% YoY to ₹718.9 crore from ₹797.5 crore in Q1 FY24.
- EBITDA Margin: Reduced to 54.8% in Q1 FY25, down from 59.1% in the previous year.
- Advertisement Revenue: Decreased to ₹323.77 crore, compared to ₹339.10 crore YoY.
- Domestic Subscription Revenue: Slightly declined to ₹425.79 crore from ₹435.34 crore in the previous year.
- Dividend: The board approved an interim dividend of ₹5 per equity share for FY25.
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% |
| FIIs + | 10.39% | 10.57% | 9.01% | 8.87% | 7.89% |
| DIIs + | 3.67% | 4.47% | 6.59% | 6.50% | 8.23% |
| Public + | 10.95% | 9.96% | 9.40% | 9.62% | 8.89% |
| No. of Shareholders | 1,19,044 | 99,895 | 95,362 | 1,00,803 | 1,01,517 |
The shareholding pattern for the company from June 2023 to June 2024 reveals notable changes across different categories:
- Promoters: Consistently maintained a 75% stake throughout all quarters, reflecting stable ownership.
- FIIs (Foreign Institutional Investors): The shareholding by FIIs declined steadily from 10.39% in June 2023 to 7.89% in June 2024, indicating a gradual exit by foreign investors.
- DIIs (Domestic Institutional Investors): There was a significant increase in the DII stake from 3.67% in June 2023 to 8.23% in June 2024, highlighting growing confidence from domestic investors.
- Public: Public shareholding saw a reduction from 10.95% in June 2023 to 8.89% in June 2024, possibly due to the rising influence of institutional investors.
- Number of Shareholders: The number of shareholders fluctuated slightly, with a notable decrease from 1,19,044 in June 2023 to 95,362 in December 2023, before increasing again to 1,01,517 in June 2024.
Below are the trading platforms that you can use to purchase Sun TV Network Ltd shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| September 2024 | 833.95 | 725.18 |
| October 2024 | 817.60 | 710.96 |
| November 2024 | 850.31 | 739.40 |
| December 2024 | 858.81 | 746.79 |
As we approach September 2024, the share price of Sun TV Network is expected to reach a maximum of ₹833.95 and a minimum of ₹725.18. Moving forward, as we step into December 2024, Sun TV Network’s share price is projected to have a maximum of ₹858.81 and a minimum of ₹746.79. This indicates a gradual increase in the price range as the year progresses, reflecting a potential positive outlook for the stock towards the end of 2024.
| When | Maximum Price | Minimum Price |
| January 2025 | 867.40 | 667.23 |
| February 2025 | 876.16 | 673.97 |
| March 2025 | 894.56 | 688.12 |
| April 2025 | 885.70 | 681.31 |
| May 2025 | 859.90 | 661.46 |
| June 2025 | 898.60 | 691.23 |
| July 2025 | 880.98 | 677.68 |
| August 2025 | 908.23 | 698.64 |
| September 2025 | 919.13 | 707.02 |
| October 2025 | 943.02 | 725.40 |
| November 2025 | 966.60 | 743.54 |
| December 2025 | 1,010.10 | 777.00 |
In January 2025, the share price of Sun TV Network is expected to reach a maximum of ₹867.40 and a minimum of ₹667.23. Moving forward through the year, the prices are projected to gradually rise. By December 2025, Sun TV Network’s share price is expected to achieve a maximum of ₹1,010.10 and a minimum of ₹777.00.
| When | Maximum Price | Minimum Price |
| January 2026 | 1,040.40 | 800.31 |
| February 2026 | 1,014.39 | 780.30 |
| March 2026 | 1,034.68 | 795.90 |
| April 2026 | 1,055.79 | 812.15 |
| May 2026 | 1,045.34 | 804.11 |
| June 2026 | 1,071.47 | 824.21 |
| July 2026 | 1,050.46 | 808.05 |
| August 2026 | 1,082.95 | 833.04 |
| September 2026 | 1,104.61 | 849.70 |
| October 2026 | 1,133.33 | 871.79 |
| November 2026 | 1,161.66 | 893.59 |
| December 2026 | 1,190.70 | 915.93 |
| When | Maximum Price | Minimum Price |
| January 2027 | 1,202.61 | 925.09 |
| February 2027 | 1,233.45 | 948.81 |
| March 2027 | 1,281.55 | 985.81 |
| April 2027 | 1,256.42 | 966.48 |
| May 2027 | 1,219.83 | 938.33 |
| June 2027 | 1,274.72 | 980.56 |
| July 2027 | 1,249.73 | 961.33 |
| August 2027 | 1,288.38 | 991.06 |
| September 2027 | 1,333.47 | 1,025.75 |
| October 2027 | 1,368.14 | 1,052.42 |
| November 2027 | 1,402.35 | 1,078.73 |
| December 2027 | 1,437.40 | 1,105.70 |
| When | Maximum Price | Minimum Price |
| January 2028 | 1,466.15 | 1,127.81 |
| February 2028 | 1,503.75 | 1,156.73 |
| March 2028 | 1,562.39 | 1,201.84 |
| April 2028 | 1,531.76 | 1,178.27 |
| May 2028 | 1,487.14 | 1,143.96 |
| June 2028 | 1,554.06 | 1,195.43 |
| July 2028 | 1,523.59 | 1,171.99 |
| August 2028 | 1,570.71 | 1,208.24 |
| September 2028 | 1,625.69 | 1,250.53 |
| October 2028 | 1,667.96 | 1,283.04 |
| November 2028 | 1,709.66 | 1,315.12 |
| December 2028 | 1,752.40 | 1,348.00 |
| When | Maximum Price | Minimum Price |
| January 2029 | 1,787.44 | 1,374.96 |
| February 2029 | 1,833.28 | 1,410.21 |
| March 2029 | 1,904.77 | 1,465.21 |
| April 2029 | 1,867.43 | 1,436.48 |
| May 2029 | 1,813.03 | 1,394.64 |
| June 2029 | 1,894.62 | 1,457.40 |
| July 2029 | 1,857.47 | 1,428.82 |
| August 2029 | 1,914.92 | 1,473.01 |
| September 2029 | 1,981.94 | 1,524.57 |
| October 2029 | 2,033.47 | 1,564.21 |
| November 2029 | 2,084.31 | 1,603.31 |
| December 2029 | 2,136.42 | 1,643.40 |
| When | Maximum Price | Minimum Price |
| January 2030 | 2,179.15 | 1,676.27 |
| February 2030 | 2,235.02 | 1,719.25 |
| March 2030 | 2,322.19 | 1,786.30 |
| April 2030 | 2,276.65 | 1,751.27 |
| May 2030 | 2,210.34 | 1,700.26 |
| June 2030 | 2,309.81 | 1,776.78 |
| July 2030 | 2,264.52 | 1,741.94 |
| August 2030 | 2,334.55 | 1,795.81 |
| September 2030 | 2,416.26 | 1,858.66 |
| October 2030 | 2,479.09 | 1,906.99 |
| November 2030 | 2,541.06 | 1,954.66 |
| December 2030 | 2,604.59 | 2,003.53 |
In January 2025, the Sun TV Network’s maximum price is expected to reach ₹2,179.15, with a minimum of ₹1,676.27. By December 2025, the maximum price for the Sun TV Network might be ₹2,604.59, while the minimum could be ₹2,003.53.
Sun TV Network Ltd Financial Condition: Last 5 Years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 3,520 | 3,177 | 3,585 | 3,772 | 4,282 | 4,245 |
| Expenses + | 1,248 | 1,111 | 1,306 | 1,379 | 1,644 | 1,686 |
| Operating Profit | 2,272 | 2,065 | 2,279 | 2,393 | 2,638 | 2,559 |
| OPM % | 65% | 65% | 64% | 63% | 62% | 60% |
| Other Income + | 260 | 306 | 256 | 380 | 515 | 543 |
| Interest | 13 | 27 | 33 | 9 | 9 | 8 |
| Depreciation | 700 | 404 | 306 | 486 | 532 | 555 |
| Profit before tax | 1,819 | 1,941 | 2,195 | 2,278 | 2,613 | 2,539 |
| Tax % | 24% | 21% | 25% | 25% | 26% | |
| Net Profit + | 1,385 | 1,525 | 1,642 | 1,707 | 1,926 | 1,893 |
| EPS in Rs | 35.15 | 38.7 | 41.66 | 43.3 | 48.85 | 48.03 |
| Dividend Payout % | 71% | 13% | 33% | 35% | 35% |
The financial performance of the company from March 2020 to March 2024 shows a consistent growth trajectory, with notable increases in sales and net profit. Sales grew steadily from ₹3,520 crore in March 2020 to ₹4,282 crore in March 2024, reflecting a positive trend. Correspondingly, operating profit also increased from ₹2,272 crore to ₹2,638 crore over the same period, although the Operating Profit Margin (OPM) slightly declined from 65% to 62%, indicating higher costs relative to sales. Other income showed significant growth, rising from ₹260 crore in March 2020 to ₹515 crore in March 2024, which bolstered overall profitability.
Despite the increase in operating profits, the company’s tax rate has consistently risen, from 24% in 2020 to 26% in 2024, impacting net profit growth. Net profit grew from ₹1,385 crore in March 2020 to ₹1,926 crore in March 2024, and the Earnings Per Share (EPS) also improved from ₹35.15 to ₹48.85 during the same period, demonstrating enhanced shareholder value. However, the Dividend Payout Percentage fluctuated, notably decreasing from 71% in 2020 to 35% in 2024, suggesting a strategic shift in retaining more earnings for future investments or debt reduction. Overall, the company has exhibited robust financial health with sustained revenue growth and profitability.
FAQs
The current share price of Sun TV Network Ltd stands at ₹790 as of 22nd August 2024.
The projected share price target for Sun TV Network Ltd during 2024-2030, based on market analysis and expert opinions, is estimated to range between ₹858.81 and ₹2,604.59.
The share price of Sun TV Network Ltd can be influenced by various factors such as the company’s financial performance, market competition, government policies, global economic conditions, and consumer demand.
Is Sun TV Network Ltd a good stock to buy?
With a Strong presence across multiple sectors and a consistent track record of financial growth, Sun TV Network Ltd is regarded as an attractive long-term investment option, acknowledging the inherent risks associated with any stock.
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Conclusion
In conclusion, Sun TV Network Limited is poised for continued growth and stability. Despite a slight decline in recent quarterly results, the company’s strong financial position, strategic shift towards increased domestic institutional investment, and expansive media portfolio underscore its resilience and potential. The projected rise in share prices from ₹833.95 in September 2024 to ₹2,604.59 by December 2030 reflects a promising outlook. With its solid foundation and ongoing commitment to innovation, Sun TV Network remains a robust long-term investment option, demonstrating both enduring strength and significant growth potential.
What did we learn?
- 1 Sun TV Network Q1 FY25 Results: Profit Drops 5.5% to ₹559.8 Crore; Declares ₹5 Per Share Dividend
- 2 Shareholding Patterns of Sun TV Network Ltd
- 3 How to Purchase Sun TV Network Ltd Shares?
- 4 Sun TV Network Ltd Share Price Target 2024 – 2030
- 4.1 Sun TV Network Ltd Share Price Target 2024
- 4.2 Sun TV Network Ltd Share Price Prediction 2025
- 4.3 Sun TV Network Ltd Share Price Target 2026
- 4.4 Sun TV Network Ltd Share Price Target 2027
- 4.5 Sun TV Network Ltd Share Price Prediction 2028
- 4.6 Sun TV Network Ltd Share Price Target 2029
- 4.7 Sun TV Network Ltd Share Price Target 2030
- 5 Sun TV Network Ltd Financial Condition: Last 5 Years
- 6 FAQs
- 7 Conclusion
