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Hindustan Media Ventures Limited (HMVL) Fair Value & Analysis

Communication Services · IN · Market cap ₹6.5B

HM Hindustan Media Ventures Limited HMVL · NSE
Price₹94.72
Fair Value₹251.97
Upside+166.0%
Quality64/100
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Strengths

Trades 166% below our fair value of ₹251.97
Low debt · generates free cash flow
Ranks above peers (12/13)

Risks

!Mixed Growth
!Thin margins · 6.6% net margin
!Moderate moat 52/100
Mixed Growth
Thin margins · 6.6% net margin
Low debt · generates free cash flow
Ranks above peers (12/13)
Moderate moat 52/100
Evidence: High Range ₹173.95 – ₹333.63 Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 7 days ago

Share price +3.4% over the past month.

A solid business, screening 166% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (₹173.95). The market is more pessimistic than our downside scenario.
  • Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (₹173.95 to ₹333.63) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹122.50 ₹41.85 Fair Value ₹251.97 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹41.85 – ₹122.50 · fair‑value band ₹173.95 – ₹333.63 · the ₹94.72 price screens below the ₹251.97 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Hindustan Media Ventures Limited (HMVL) currently trades at ₹94.72, while our model-based Fair Value estimate is ₹251.97, implying the stock looks roughly 166.0% undervalued today. The Quality Score stands at 64/100 (solid quality), in the Communication Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Hindustan Media Ventures Limited generated revenue of ₹7.4B at a net margin of 6.6%. Revenue grew 7.1% year over year. It earns a return on equity of 9.0%. Net debt stands at ₹683M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹173.95 (bear case) to ₹333.63 (bull case); at ₹94.72, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 5% below its 52-week high and 72% above its 52-week low, currently above its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 9% fair-value upside, at 166%, HMVL screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹130.78 ₹227.00 ₹385.23 80
Residual Income ₹181.38 ₹196.50 ₹243.96 76
Rev-Margin DCF ₹123.51 ₹216.29 ₹339.04 74
All 24 models by family
DCF Models
FCF DCF ₹132.83 ₹241.29 ₹428.32 38
Owner Earnings ₹269.02 ₹490.61 ₹872.74 31
5Y Revenue Exit ₹123.51 ₹219.11 ₹350.66 39
5Y EBITDA Exit ₹130.78 ₹234.42 ₹366.14 41
5Y P/E Exit ₹242.54 ₹469.90 ₹737.48 38
10Y Revenue Exit ₹121.53 ₹213.08 ₹357.12 36
10Y EBITDA Exit ₹130.24 ₹224.18 ₹370.06 37
10Y P/E Exit ₹203.36 ₹394.99 ₹680.46 35
Earnings-Based
Graham-Dodd ₹130.50 ₹652.24 ₹900.08 54
Lynch FV ₹176.38 ₹251.97 ₹327.57 50
PEG = 1.0 ₹176.38 ₹251.97 ₹327.57 46
EPV ₹92.98 ₹107.31 ₹119.67 59
Multiples
P/E Multiple ₹316.65 ₹422.20 ₹527.74 63
P/S Multiple ₹244.68 ₹326.24 ₹407.80 58
P/B Multiple ₹244.68 ₹326.24 ₹407.80 55
EV/EBIT ₹157.18 ₹208.82 ₹260.46 53
EV/EBITDA ₹139.77 ₹185.61 ₹231.45 54
EV/Revenue ₹119.74 ₹170.09 ₹220.44 43
Asset-Based
NCAV (Graham) ₹107.96 ₹144.67 ₹215.93 50
Growth DCF
Growth DCF ₹130.78 ₹227.00 ₹385.23 80
Rev-Margin DCF ₹123.51 ₹216.29 ₹339.04 74
Economic Profit
Residual Income ₹181.38 ₹196.50 ₹243.96 76
ROIC Compounder ₹92.98 ₹107.31 ₹119.67 72
Growth Earnings
Growth-Adj P/E ₹276.25 ₹394.65 ₹513.04 68

Widest divergence: Growth Earnings (₹394.65) versus Economic Profit (₹107.31). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹7.4B
Revenue growth (YoY) +7.1%
Net margin 6.6%
Return on equity 9.0%
Free cash flow ₹762M FY2026
P/E ratio 4.9
More key figures
Operating margin 28.4%
EPS (TTM) ₹19.15
EPS growth (YoY) -39.4%
Net debt ₹683M FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 61 · Market factors (momentum, volatility) 72

Profitability 41
Margins and returns on capital today
Quality Growth 58
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 64
Balance sheet, leverage, solvency risk
Investment 89
Disciplined investing over empire-building
Low Volatility 75
Calm price path (market factor)
Momentum 73
Price trend over the last 3–12 months (market factor)
52W Momentum 65
Distance to the 52-week high (market factor)
Net Issuance 83
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Hindustan Media Ventures Limited engages in the publishing business in India. It operates through two segments, Printing & Publishing of Newspaper & Periodicals; and Digital.

Full company description

Hindustan Media Ventures Limited engages in the publishing business in India. It operates through two segments, Printing & Publishing of Newspaper & Periodicals; and Digital. The company publishes under various brands, including Hindustan, a newspaper which covers international, national, and local news relating to politics, business, entertainment, sports, and other general interests; Nandan, a monthly children's magazine that offers traditional and modern stories, poems, interactive and educative columns, and facts; Kadambini, a monthly socio-cultural magazine, which provides a range of subjects, such as literature, art, culture, health, technology, fashion, travel, and beauty; and LiveHindustan.com, a Hindi news website. It also operates HT Media Labs, which offers OTTplay, Slurrp, MintGenie, and Upublish that caters various needs of users, ranging from entertainment to personal finance. The company was formerly known as Searchlight Publishing House Limited and changed its name to Hindustan Media Ventures Limited in November 2008. The company was incorporated in 1918 and is based in New Delhi, India. Hindustan Media Ventures Limited is a subsidiary of HT Media Limited.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Hindustan Media Ventures Limited reported revenue of ₹7.4B in FY2026 versus ₹6.7B in FY2022, a compound +2.5%/yr. Reported net income was ₹1.4B in FY2026, compounding +36.5%/yr from FY2022.

Growth Quality 64/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹7.4B
Latest YoY
+0.9%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+1.2%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.7%
Avg. growth/yr (21Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+20.7%
Revenue +2.5%/yr
FY22 ₹6.7B
FY23 ₹7.1B
FY24 ₹7.0B
FY25 ₹7.3B
FY26 ₹7.4B
Net income +36.5%/yr
FY22 ₹406M
FY23 −₹381M
FY24 ₹99.5M
FY25 ₹778M
FY26 ₹1.4B

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Cite: Fair Value Calculator (2026). "Hindustan Media Ventures Limited Fair Value". https://www.fairvalue-calculator.com/stock/HMVL

Peer Group

Publishing · 112 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 64 · Above median
Fair Value upside +166% · Top 25%
Return on equity (TTM) 9% · Above median
Return on assets 3% · Above median
Net margin (TTM) 7% · Above median
Operating margin (TTM) 28% · Top 25%
Revenue growth 7% · Top 25%

Valuation Multiples vs Publishing median · lower = cheaper

P/E (TTM) 4.9× · Cheaper than 75% of peers
P/B 0.41× · Cheaper than 75% of peers
P/S (TTM) 0.87× · Pricier than median
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 5.6× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 34
FUTURE36 · sector 0
PAST36 · sector 20
HEALTH100 · sector 99
DIVIDEND0 · sector 55

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

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Frequently asked questions

Is Hindustan Media Ventures Limited (HMVL) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹251.97 versus a price of ₹94.72, about +166% (undervalued).
What is the fair value of HMVL?
Our model-based fair value for Hindustan Media Ventures Limited is ₹251.97 (as of Aug 13, 2026), built from audited fundamentals. The current price: ₹94.72.
What is the quality score of HMVL?
Hindustan Media Ventures Limited has a Quality Score of 64/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Hindustan Media Ventures Limited (HMVL)?
Hindustan Media Ventures Limited reported trailing-twelve-month revenue of about ₹7.4B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of HMVL?
The net profit margin of Hindustan Media Ventures Limited is about 6.6%, meaning it keeps roughly 6.6% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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