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HT Media Limited (HTMEDIA) Fair Value & Analysis

Communication Services · IN · Market cap ₹5.1B

HM HT Media Limited HTMEDIA · NSE
Price₹25.77
Fair Value₹22.80
Upside-11.5%
Quality30/100
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Mixed Growth
Loss-making · -3.0% net margin
Low debt · generates free cash flow
Mixed vs. peers (5/11)
Narrow moat 23/100
Evidence: Medium Range ₹16.39 – ₹22.80 Share as image

Fair value as of: Aug 13, 2026

From 13 valuation models · updated 4 days ago

Share price −1.5% over the past month.

Below-average quality, and screening another 12% overvalued on our models.

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What matters now

  • The price sits above even our optimistic bull case (₹22.80). The favourable scenario is already priced in.
  • Our model range runs from ₹16.39 (bear) to ₹22.80 (bull), base ₹22.80. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 30/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

₹38.10 ₹14.90 Fair Value ₹22.80 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 ₹14.90 – ₹38.10 · fair‑value band ₹16.39 – ₹22.80 · the ₹25.77 price screens above the ₹22.80 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

HT Media Limited (HTMEDIA) currently trades at ₹25.77, while our model-based Fair Value estimate is ₹22.80, implying the stock looks roughly 11.5% overvalued today. The Quality Score stands at 30/100 (below-average quality), in the Communication Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, HT Media Limited generated revenue of ₹18.0B at a net margin of -3.0%. Revenue declined 0.5% year over year. It earns a return on equity of 1.9%. Net debt stands at ₹7.2B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹16.39 (bear case) to ₹22.80 (bull case); at ₹25.77, the current price sits above 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 10% below its 52-week high and 47% 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 -12%, HTMEDIA screens richer 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 ₹21.76 ₹27.98 ₹37.94 80
Rev-Margin DCF ₹20.14 ₹28.50 ₹38.54 74
ROIC Compounder ₹19.01 ₹21.66 ₹23.95 72
All 13 models by family
DCF Models
FCF DCF ₹21.12 ₹27.59 ₹38.73 38
5Y Revenue Exit ₹20.14 ₹28.17 ₹39.39 39
5Y EBITDA Exit ₹38.45 ₹59.52 ₹86.29 41
10Y Revenue Exit ₹19.88 ₹26.86 ₹34.91 36
10Y EBITDA Exit ₹31.39 ₹47.18 ₹65.65 37
Earnings-Based
EPV ₹19.01 ₹21.66 ₹23.95 59
Multiples
EV/EBIT ₹26.85 ₹35.06 ₹43.28 53
EV/EBITDA ₹56.77 ₹74.95 ₹93.14 54
EV/Revenue ₹20.89 ₹28.90 ₹36.91 43
Asset-Based
NCAV (Graham) ₹35.01 ₹46.91 ₹70.01 50
Growth DCF
Growth DCF ₹21.76 ₹27.98 ₹37.94 80
Rev-Margin DCF ₹20.14 ₹28.50 ₹38.54 74
Economic Profit
ROIC Compounder ₹19.01 ₹21.66 ₹23.95 72

Widest divergence: Asset-Based (₹46.91) versus Earnings-Based (₹21.66). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹18.0B
Revenue growth (YoY) -0.5%
Net margin -3.0%
Return on equity 1.9%
Free cash flow ₹451M FY2026
P/E ratio 54.8
More key figures
Operating margin 12.0%
EPS (TTM) ₹0.4700
EPS growth (YoY) +3,420%
Net debt ₹7.2B FY2026

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

Quality Score breakdown

Overall quality 30/100

Of which business quality 30 · Market factors (momentum, volatility) 62

Profitability 16
Margins and returns on capital today
Quality Growth 24
Are margins and returns improving?
Cashflow 31
Earnings quality: real cash, not paper profit
Fin. Strength 29
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 73
Calm price path (market factor)
Momentum 59
Price trend over the last 3–12 months (market factor)
52W Momentum 55
Distance to the 52-week high (market factor)
Net Issuance 0
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

HT Media Limited, together with its subsidiaries, engages in the printing and publication of newspapers and periodicals in India. The company operates through three segments: Printing and Publication of Newspapers & Periodicals, Radio Broadcast & Entertainment, and Digital.

Full company description

HT Media Limited, together with its subsidiaries, engages in the printing and publication of newspapers and periodicals in India. The company operates through three segments: Printing and Publication of Newspapers & Periodicals, Radio Broadcast & Entertainment, and Digital. It publishes Hindustan Times, an English daily newspaper; Mint, a business daily newspaper; and Hindustan, a Hindi daily newspaper. The company is also involved in the FM radio broadcast and other related activities through its radio stations operating under the Fever 104, Fever, Punjabi Fever, Radio One, and Radio Nasha brands. In addition, it operates Shine.com, a job portal; Shine Learning, a platform for upskilling; Hindustantimes.com, an English news website; Livemint.com, a business news website; Livehindustan.com, a Hindi news website; Desimartini.com, a movie reviews and ratings website; HT Smartcast, a podcast platform; Health Shots, a health and wellness platform for millennial women; VCCircle and TechCircle news platforms; VCCEdge, a market intelligence platform; Mint Lounge, a weekend magazine of Mint to guide on intelligent lifestyle; Slurrp, a platform for food recipes; and OTTplay, a content aggregation and discovery platform. Further, the company rents and invests in properties; engages in sale of third party newspaper and internet radio, trading and management consultancy services, and investment activities; undertakes commercial printing jobs; and provides solutions under HT One Audience, HT AdVentures, HT Classifieds, HT Brand Studio, and HT Syndication. The company was founded in 1924 and is based in New Delhi, India. HT Media Limited is a subsidiary of The Hindustan Times Limited.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

HT Media Limited reported revenue of ₹18.0B in FY2026 versus ₹15.0B in FY2022, a compound +4.7%/yr. Reported net income was −₹767M in FY2026.

Growth Quality 47/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹18.0B
Latest YoY
−0.1%
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.
+1.8%
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.
+10.0%
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.
+5.1%
Revenue +4.7%/yr
FY22 ₹15.0B
FY23 ₹17.1B
FY24 ₹16.9B
FY25 ₹18.1B
FY26 ₹18.0B
Net income
FY22 ₹178M
FY23 −₹2.3B
FY24 −₹806M
FY25 ₹19.5M
FY26 −₹767M

HTMEDIA screens 12% overvalued. Compare with The New York Times Company →

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

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 30 · Bottom 25%
Fair Value upside −12% · Below median
Return on equity (TTM) 2% · Below median
Return on assets 1% · Below median
Net margin (TTM) -3% · Below median
Operating margin (TTM) 12% · Above median
Revenue growth -1% · Above median

Valuation Multiples vs Publishing median · lower = cheaper

P/E (TTM) 54.8× · Pricier than 75% of peers
P/FCF 0.1× · Cheaper than 75% of peers
PEG 0.19× · Cheaper than 75% of peers

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.

VALUE 18 · sector 38
FUTURE 0 · sector 0
PAST 8 · sector 20
HEALTH 100 · sector 100
DIVIDEND 0 · sector 57

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

Is HT Media Limited (HTMEDIA) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹22.80 versus a price of ₹25.77, about −12% (overvalued).
What is the fair value of HTMEDIA?
Our model-based fair value for HT Media Limited is ₹22.80 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹25.77.
What is the quality score of HTMEDIA?
HT Media Limited has a Quality Score of 30/100. 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 HT Media Limited (HTMEDIA)?
HT Media Limited reported trailing-twelve-month revenue of about ₹18.0B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of HTMEDIA?
The net profit margin of HT Media Limited is about -3.0%, meaning it is currently running at a net loss. 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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