1. India Stocks

  2. •

    Communication Services

  3. •

    Entertainment
DEN Networks Limited

DEN Networks Limited

DEN.NS
DEN Networks LimitedIN flagNational Stock Exchange of India
28.82
INR
-0.43
- -
13.74BMarket Cap
DEN Networks Limited
DEN.NS
(National Stock Exchange of India)

Recent

price

28.82

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
78.3
86.56
67.35
68.05
63.39
53.17
60.32
63.94
49.58
26.52
27.07
24.8
23.16
22.66
21.11
20.45
20.97
Revenue per Share
3.4
1.09
4.68
2.38
-8.08
-24.21
-11.28
-1.77
-11.63
1.47
4.15
3.69
5.09
4.5
4.2
3.48
4.38
Basic EPS, GAAP
-2.61
-5.01
-26.92
-29.72
3.41
0.42
10.94
9.48
1.75
5.62
4.57
2.71
2.92
1.75
0.38
-0.35
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
0.03
0.1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
12.56
13.4
17.97
19.96
-8.07
-37.66
-46.71
-46.03
-37.23
-17.47
-13.46
-9.86
-4.78
-0.32
10.01
10.01
- -
Book Value per Share
39.73
41.92
49.46
105.49
66.98
42.69
39.26
36.55
102.66
52.52
56.06
59.86
64.95
69.22
73.57
77.12
- -
Tangible Book Value per Share
130
130
133
161
178
178
185
195
238
477
477
477
477
477
476
476
476
Basic Weighted Avg Shares
10,218
11,295
8,965
10,980
11,296
9,475
11,145
12,451
11,825
12,645
12,905
11,826
11,043
10,807
10,054
9,743
9,992
Sales/Revenue/Turnover
4.43
3.2
15.62
14.1
-5.85
-33.49
-4.02
6.1
-1.3
-1.14
0.55
5.42
3
3.95
0.63
-2.34
0.05
Operating Margin (%)
456
538
811
1,474
1,859
2,061
2,761
2,486
2,416
2,468
2,506
1,482
1,193
1,128
1,058
913
1,044
Depreciation Expense
443
143
623
384
-1,440
-4,315
-2,084
-344
-2,775
700
1,980
1,759
2,429
2,146
2,001
1,658
2,088
Net Income, GAAP
28.17
35.06
27.41
33.52
- -
- -
- -
- -
- -
46.61
- -
1.61
- -
13.01
20.85
20.41
19.75
Effective Tax Rate (%)
4.34
1.26
6.95
3.5
-12.75
-45.54
-18.7
-2.76
-23.47
5.53
15.34
14.88
21.99
19.86
19.9
17.01
20.89
Profit Margin (%)
2,721
2,465
377
7,260
3,133
-1,767
-1,784
233
18,833
18,011
20,858
22,838
24,381
27,265
29,658
31,224
- -
Working Capital
785
1,902
4,010
4,464
3,363
3,277
1,880
3,141
2,660
- -
- -
- -
255
230
200
167
- -
LT Debt
8,227
8,694
9,745
19,920
14,695
9,401
9,028
8,899
26,241
26,735
28,393
30,133
32,561
34,635
36,596
38,261
- -
Total Equity
3.48
2.33
7.58
5
- -
- -
- -
- -
- -
-0.29
- -
2.38
- -
1.12
0.14
-0.48
- -
Return on Invested Capital (%)
20.38
7.2
6.62
6.28
- -
- -
- -
- -
- -
-21.58
- -
-36.7
- -
-447.19
69.1
31.06
110.6
Return on Capital (%)
30.12
8.43
30.09
13.68
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
34.77
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
29
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
200
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
477
- -
Market Capitalization
20,815
14,883
18,033

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
34,107
- -
Cash, Cash Equivalents & STI
- -
31,975
- -
Accounts Receivable, Net
- -
1,505
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
4,448
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
29
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
22.83%
6.15%
4.55%
Free Cash Flow
269.25%
-68.31%
-190.67%
Net Income, GAAP
62.03%
-1.73%
-17.14%
Sales/Revenue/Turnover
0.61%
-5.44%
-3.1%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,732
2,766
2,729
2,307
10,807
2025
2,475
2,491
2,607
2,481
10,054
2026
2,413
2,510
2,406
- -
9,743

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.89
0.96
0.99
- -
4.5
2025
0.95
1.09
0.85
1.3
4.2
2026
1.14
0.8
0.81
- -
3.48

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Similar Companies
Viaplay Group AB (publ) (NENT-A.ST)
mm2 Asia Ltd. (1B0.SI)
Light Media Holdings, Inc. (LGMH)
Starz Entertainment Corp. (STRZ)
Studio Santa Claus Entertainment Co., Ltd. (204630.KQ)
Kuang Hong Arts Management Incorporation (6596.TWO)
Business
DEN Networks Limited is an Indian cable television and broadband service provider primarily engaged in the distribution and promotion of television channels through a digital cable distribution network. The company offers core products and services including digital cable entertainment under the DEN Cable brand, high-speed broadband services under DEN Broadband utilizing DOCSIS 3.0 technology, and an over-the-top (OTT) entertainment app called DEN TV+. DEN Cable is India's largest cable TV distribution service, covering over 13 million households across 450 cities and 13 states, providing access to more than 450 channels, including up to 45 HD channels. DEN Broadband offers plans ranging from 5 Mbps to 100 Mbps, focusing on urban centers like New Delhi, NCR, Kanpur, Jodhpur, and Jhansi. DEN TV+ provides live streaming of 130 TV channels along with a library of over 2,500 movies and videos, exclusively for DEN Cable and Broadband subscribers on mobile platforms. The company is headquartered in Mumbai and was founded in 2007. Recent major changes include DEN Networks' strategic divestment of equity stakes in three non-operating subsidiaries to Infomedia and Networking Private Limited, as part of streamlining operations to focus on core revenue-generating assets. The company has also expanded its broadband reach to over 100 cities across India and continues to integrate automation to enhance operational efficiencies. DEN maintains a strong financial position with zero debt, growing revenues, and a sustained subscriber base, supported by its parent company, Reliance Industries, which acquired a significant stake in 2018. DEN Networks operates primarily within India, focusing on markets in Delhi, Uttar Pradesh, Karnataka, Maharashtra, Gujarat, Rajasthan, Haryana, Kerala, West Bengal, Jharkhand, Bihar, Madhya Pradesh, and Uttarakhand. This positions DEN Networks as a leading player in the Indian cable and broadband sector, offering comprehensive digital entertainment and internet services with ongoing enhancements in technology and customer experience.