Sambhaav Media Limited

Communication Services — Publishing · NSE

₹5.96+₹0.35 (+6.24%)

DalalBaazaar Score

44 / 100

🟡 Moderate

Verdict

CAUTION

Risk

Very High

Driven by high debt relative to equity, the company is currently loss-making, micro-cap size, which brings thin liquidity.

In simple words: The company is currently losing money, though profits are falling even as sales grow. Debt is the main factor to watch.

Decision support, not a buy or sell call.

As of 18 Oct 2026, 7:01 pm

Understanding the Business

Company site ↗

The 60-second version of Sambhaav Media Limited — what it does, how it earns, and who it competes with, before any of the numbers below.

What does this company do?

Sambhaav Media Limited engages in print media and audio video media business in India. The company operates through Media and Allied Business, and Technology and Allied Business Segments.

IndustryPublishing

SectorCommunication Services

Employees46

Annual revenue₹43 Cr

How does it make money?

Turns over ₹43 Cr a year. Of every ₹100 of sales, about ₹1 reaches shareholders as profit, with ₹16 left at the operating level before interest, tax and depreciation. Each of its 46 employees supports ₹93.7 lakh of revenue a year, the signature of a people-led business.

Revenue / employee₹93.7 lakh

Who are its competitors?

The closest listed comparisons in its industry are BHARTI AIRTEL LIMITED, VODAFONE IDEA LIMITED. These are the companies its valuation and returns are measured against elsewhere in this report.

Compared side by side in Peers ↓

What is its competitive advantage?Little sign of one

Returns on capital of 2.1% are at or below what the capital likely costs. That is the financial pattern of a business competing largely on price, where advantage has to come from execution rather than position.

Peer median ROE20.2%

What has been driving growth?

Profit has moved mainly because margins changed, not because the business sold much more. Over 3 years revenue moved +7% while net margin moved -108% relative to itself. What this cannot tell you is which products, customers or geographies did the work — that lives in the segment disclosures of the annual report.

Revenue effect+7%

Margin effect-108%

DalalBaazaar Score

44/ 100

Moderate

Weighted across six categories. Every point is explained below.

✗ Revenue CAGR of only 2.2% — barely ahead of inflation
✗ Profit fell 41.4% in the latest year

Quality vs. Valuation

Company Quality

44/ 100

Weak

How good the business is, ignoring the share price entirely.

Valuation

36/ 100

Expensive

What you are being asked to pay, ignoring how good the business is.

Weak on business quality and not cheap enough to compensate.

vs. its own history

Not enough price and earnings history

vs. sector peers

Not enough peers with a usable P/E

vs. generic bands

N/A

No P/E — the company is lossmaking

EV/EBITDA

16.7x

PEG

—

What's Good / What's Bad

🟢 What's Going Well3

Debt is being paid down
Total debt is down 73% over 3 years.
Cash flow has turned positive
Free cash flow moved from negative to positive over 3 years.
Return on equity is rising
ROE has improved from -3.1% to 0.3%.

🔴 What Needs Attention0

Nothing stands out as clearly deteriorating on the years of data available.

Red Flags

2 items require attention · 2 high

🔴High leverageFinancial
Debt/Equity of 5.92x — earnings must service borrowings before shareholders see anything.
🔴Significant margin compressionFinancial
EBITDA margin has fallen 7.0 points, from 23.0% to 16.1%.

Investment Thesis

🟢 Bull CaseWhat could make this work?

Deleveraging frees up earnings
Debt is down 73% over 3 years. Every rupee of interest not paid drops to the bottom line, so profit can grow even if revenue does not.

🔴 Bear CaseWhat could go wrong?

Margins are being competed away
EBITDA margin has fallen from 23.0% to 16.1%. If the trend continues, profit falls even on flat sales — and margin decline rarely reverses quickly.
Leverage amplifies any setback
Debt/Equity of 5.92x. Interest is payable whether or not the business has a good year.
Growth barely outpaces inflation
Revenue compounding at 2.2% a year is close to the rate prices rise, so the business is gaining little ground in real terms. That leaves the share price dependent on a re-rating rather than on earnings growth.
Earnings are hard to forecast
Profit has swung sharply from year to year, so any single year — good or bad — is a weak guide to the next. Cyclical earnings deserve lower multiples for that reason.
Size brings its own risk
Micro Cap businesses are thinly traded, so exits are harder in a falling market and single events move the price more than they would for a larger company.

🟡 Key Things to WatchMeasurable tripwires, set against where this company stands today

1EBITDA margin holds above 14%✓ 16.1%
Two points below today's level — enough room for noise, tight enough to catch real compression.
2Interest cover stays above 3x✗ 2.0x
How much operating profit can fall before interest stops being comfortably covered.
3Revenue growth stays above 4% a year✗ 2.2% CAGR
Latest reported year was 4.2%. The bar is set below the established compounding rate, so ordinary variation does not trip it.
4Free cash flow remains positive✓ ₹8 Cr
Profit that never becomes cash eventually stops being profit.
5Debt / EBITDA stays below 2x✓ 0.7x
The ratio lenders write covenants against; it survives a small or negative equity base, unlike Debt/Equity.

Investment Checklist

5 / 11 checks passed

✗ Strong return on equity (ROE ≥ 15%)
✗ Strong return on capital employed (ROCE ≥ 15%)
✗ Healthy net margin (≥ 10%)
✓ Generates positive free cash flow
✗ Manageable leverage (Debt/Equity < 1.0)
✓ Adequate short-term liquidity (Current Ratio ≥ 1.0)
✓ Revenue growing year-over-year
✗ Profit growing year-over-year
✓ Not trading at an extreme valuation (P/E < 40x)
✓ Not buying right at the 52-week high
✗ Short-term technical trend isn't bearish

Price history

Quick Metrics

2 good · 3 neutral · 6 weak

Market Cap

₹114 Cr

Micro Cap

Smaller company — thin liquidity and deep drawdowns are normal here

P/E (Trailing)

Not meaningful

Loss-making

Earnings are negative, so a P/E multiple can't be read here

P/B Ratio

1.36x

Reasonable

Reasonable against the company's book value

EPS (TTM)

₹-0.09

Loss-making

Negative earnings per share — the business is losing money

ROE

0.3%

Weak

Weak capital efficiency

ROCE

2.1%

Weak

Low return on total capital employed

Debt/Equity

5.92x

High

High leverage

Revenue Growth (YoY)

4.2%

Modest

Modest growth

Profit Growth (YoY)

-41.4%

Falling

Profits are shrinking

Dividend Yield

None

No dividend yield reported — usually means no payout, but verify if one was recently initiated

Free Cash Flow

₹8 Cr

Cash generative

Generates cash even after funding its capex

More Metrics

Operating Margin

-13.4%

Weak

Thin margins leave little room for error

Net Margin

-3.7%

Weak

Very little revenue reaches the bottom line

Current Ratio

6.19

Comfortable

Healthy short-term liquidity

Beta (vs Nifty)

0.64

Defensive

Steadier than the market

52W Range Position

15%

Near low

Near its 52-week low

Technical Snapshot

SMA 20 / SMA 50

5.7 / 6.0

Bearish alignment (short < long)

Price vs SMA 200

Below

Long-term downtrend

RSI (14)

50.2

Neutral momentum

Financial Trend (4-Year)

Metric	FY23	FY24	FY25	FY26	3Y CAGR
Revenue	₹40 Cr	₹40 Cr	₹42 Cr	₹43 Cr	+2.2%
EBITDA	₹9 Cr	₹9 Cr	₹8 Cr	₹7 Cr	-9.3%
EBITDA Margin	23.0%	23.0%	18.0%	16.1%	—
PAT (Net Profit)	-₹3 Cr	₹1 Cr	₹0 Cr	₹0 Cr	—
EPS	₹-0.14	₹0.03	—	₹0.01	—
ROE	-3.1%	0.7%	0.5%	0.3%	—
ROCE	2.4%	3.7%	1.7%	2.1%	—
Total Debt	₹19 Cr	₹13 Cr	₹11 Cr	₹5 Cr	-35.6%
Free Cash Flow	-₹2 Cr	₹8 Cr	₹18 Cr	₹8 Cr	—

🟢 Revenue has grown at 2.2% a year over 3 years.

🔴 EBITDA has shrunk at 9.3% a year over 3 years.

🔴 EBITDA Margin has fallen from 23.0% to 16.1% over 3 years (-7.0 pts).

🟢 PAT (Net Profit) has turned positive, from -₹3 Cr to ₹0 Cr.

🟢 EPS has turned positive, from ₹-0.14 to ₹0.01.

🟢 ROE has risen from -3.1% to 0.3% over 3 years (+3.4 pts).

🟡 ROCE has held roughly flat at 2.1% over 3 years.

🟢 Total Debt has shrunk at 35.6% a year over 3 years.

🟢 Free Cash Flow has turned positive, from -₹2 Cr to ₹8 Cr.

Balance Sheet & Cash Flow — FY2026

Total Assets

₹97 Cr

Total Liabilities

₹11 Cr

Cash & Equivalents

₹3 Cr

Operating Cash Flow

₹8 Cr

Capex

-₹0 Cr

Shareholding (proxy)

Institutional Holding

0.0%

Insider Holding

81.1%

Peer Comparison

Company	P/E	ROE
BHARTI AIRTEL LIMITED	39.8x	20.2%
VODAFONE IDEA LIMITED	3.6x	—

Recent News

2 mixed4 general

Top 65 Stocks Under 10 Rupees To Buy In October 2026 | High Potential Picks

Samco, 17 Oct

Sambhaav Media Ltd. Shareholding Pattern – Promoters, FIIs & DIIs

Value Research, 03 Sept

Sambhaav Media Limited Opens Special Window for Physical Share Transfer Under SEBI Guidelines

scanx.trade, 24 Apr

Sambhaav Media Reports Q3FY26 Results with Revenue of ₹1,018.49 Lakhs

scanx.trade, 27 JanResults

🟡Mixed / dependsA results event. The figures on this page update once the new statements reach the data feed, which usually lags the announcement.

Sambhaav Media Share Price Falls 9.38%: Analysis

Univest, 11 AugPrice move

🟡Mixed / dependsA price move rather than a change in the business. If the figures on this page have not moved, the fall is either an opportunity or news they have yet to catch up with.

SAMBHAAV MEDIA Share Price - Live NSE: SAMBHAAV Stock Price & Chart

Upstox, 24 Oct

Watch Items

Cross-check against the company's latest quarterly filing / investor presentation before acting.

DalalBaazaar Thesis

MiddlingFinancial Health · Valuation

WeakBusiness Quality · Growth · Profitability · Risk

Points for each in the Score ↑

Weak on the fundamentals

Poor scores on business quality without a price low enough to compensate. There is no obvious argument for owning this over a stronger company at a similar valuation. 2 high-severity red flags sit above this conclusion and should be read first.

2 of 5 tripwires tripped — Interest cover stays above 3x; Revenue growth stays above 4% a year · see Key things to watch ↑