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The Sandesh Limited

The Sandesh Limited

SANDESH.NS
The Sandesh LimitedIN flagNational Stock Exchange of India
990.70
INR
+5.25
- -
7.50BMarket Cap
The Sandesh Limited
SANDESH.NS
(National Stock Exchange of India)

Recent

price

990.70

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
273.57
319.14
361.1
413.77
455.66
495.71
466.61
488.7
524.25
451.34
357.7
404.8
446.85
420.76
388.66
580.92
580.28
Revenue per Share
51.47
45.9
67.83
60.52
75.35
105.56
96.19
109.45
85.62
80.72
118.88
118.68
133.99
249.16
101.89
86.99
86.99
Basic EPS, GAAP
81.74
-105.57
81.29
33.61
58.25
118.82
101.76
89.97
58.94
-120.85
63.75
28.76
106.84
197.05
84.82
-199.44
- -
Free Cash Flow per Basic Share
3
4.66
4.08
4.68
4.68
10.83
6.02
6.02
6.03
6.03
5
5
5
5
2.5
2.5
- -
Dividend per Share
10.01
10
8.91
10.01
10.01
18.54
108.8
212.64
292.48
367.24
473.36
587.36
716.54
961.09
1,060.43
10
10
Book Value per Share
349.06
390.38
421.48
528.89
599.43
752.73
777.17
881.2
961.55
1,037.06
1,172.09
1,255.01
1,392.84
1,666.25
1,786.85
1,885.08
1,884.97
Tangible Book Value per Share
9
9
8
8
8
8
8
8
8
8
8
8
8
8
8
8
8
Basic Weighted Avg Shares
2,333
2,722
3,068
3,132
3,449
3,752
3,532
3,699
3,968
3,416
2,707
3,064
3,382
3,185
2,942
4,397
4,392
Sales/Revenue/Turnover
24.09
25.15
24.14
24.17
25.97
32.58
27.32
29.32
19.55
18.11
24.97
22.54
25.86
23.17
20.77
18.05
0.19
Operating Margin (%)
69
65
81
78
80
77
77
85
89
79
69
64
59
66
73
70
70
Depreciation Expense
439
392
576
458
570
799
728
828
648
611
900
898
1,014
1,886
771
658
658
Net Income, GAAP
29.83
33.21
28.49
32.86
33.58
35.13
35.55
34.5
34.73
20.57
23.25
23.98
24.06
21.68
21.85
31.08
31.08
Effective Tax Rate (%)
18.82
14.38
18.79
14.63
16.54
21.29
20.61
22.4
16.33
17.89
33.24
29.32
29.98
59.22
26.22
14.97
14.99
Profit Margin (%)
1,613
1,157
882
706
1,266
1,159
2,210
2,963
3,585
4,070
4,059
4,140
5,217
8,418
9,288
9,333
9,333
Working Capital
65
75
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
2,983
3,335
3,586
4,009
4,543
5,704
5,914
6,700
7,304
7,870
8,885
9,507
10,550
12,618
13,531
14,275
14,275
Total Equity
13.42
12.57
12.47
11.51
12.92
15.07
10.49
11.21
7.22
6.48
6.19
5.71
6.62
4.99
3.65
3.93
0.04
Return on Invested Capital (%)
202.75
81.11
71.11
72.17
147.24
352.62
130.45
67.66
33.98
24.58
28.39
22.41
20.57
29.73
10.1
16.28
16.28
Return on Capital (%)
514.48
458.91
715.89
604.99
753.07
739.47
151.07
68.1
33.9
24.47
28.29
22.38
20.55
29.7
10.08
16.25
16.25
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
8
- -
8
Market Capitalization
8,907
8,144
6,221

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
10,059
- -
9,963
Cash, Cash Equivalents & STI
8,864
- -
6,642
Accounts Receivable, Net
582
- -
438
Inventories
261
- -
2,543
Total Current Liabilities
501
- -
630
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.7%
10.06%
5.5%
Free Cash Flow
-60.93%
-18.22%
-335.13%
Net Income, GAAP
4.96%
4.99%
-14.62%
Sales/Revenue/Turnover
3.1%
11.91%
49.47%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
724
725
911
824
3,185
2025
687
705
793
757
2,942
2026
733
778
771
2,110
4,397

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
43.68
34.23
76.21
- -
249.16
2025
66.7
50.45
-27.47
12.2
101.89
2026
76.68
5.1
50.84
-45.63
86.99

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
5
2025
- -
- -
- -
- -
2.5
2026
- -
- -
- -
- -
2.5
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Business
The Sandesh Limited engages in the editing, printing, and publishing of newspapers and periodicals in India, primarily operating through its Media and Finance segments. The company publishes SANDESH, a premier Gujarati daily newspaper with multiple editions across Gujarat; Sandesh Pratyaksha Panchang, a periodical; Stree, a women's weekly magazine; and other publications such as Agro Sandesh and Jyotishdeep; it also operates Sandesh News (formerly Sandesh Telecast), a 24x7 Gujarati news channel; Spotlight, an out-of-home (OOH) media solutions provider; digital platforms including a Gujarati news app (Little News), websites, and mobile applications offering news, videos, and advertisements; and ancillary services encompassing real estate sales, waste paper and scrap trading, and financial services including leasing, hire purchase, and corporate finance. Founded in 1923 and headquartered in Ahmedabad, Gujarat, The Sandesh Limited serves target markets in Gujarat and broader India through its subsidiary Sandesh Digital Private Limited, with a digital presence reaching millions of followers and OOH operations leveraging high-visibility assets like unipoles and bus advertising rights with Gujarat State Road Transport Corporation. Recent developments include the appointment of Rahoul Rajivkumar Shah as Additional Director designated as Whole Time Director and the resignation of Sanjay Kumar Tandon from the Whole Time Director position; declaration of interim dividends, including Rs 2.50 per share in August 2025 and February 2025, and Rs 5 per share in February 2024; board approval of financial results showing consolidated net profit of Rs 3.86 crore for the quarter ended September 2025 despite a sales increase to Rs 77.84 crore; reaffirmation of strong credit ratings with CARE AA (Stable) for long-term and CARE A1+ for short-term facilities; and ongoing strategic focus on digital expansion and OOH campaigns such as reader contests.