A deep dive into Zee Entertainment Enterprises Ltd. (ZEEL) — examining the financials, valuation picture, and who owns the stock.
Zee Entertainment Revenue Trend
Zee Entertainment Enterprises Ltd.'s top line shrank 5.5% in FY2025, coming in at ₹8,280 Cr against ₹8,766 Cr a year ago.
The 10-year revenue CAGR of 5.4% reflects steady — if not spectacular — top-line expansion from ₹4,884 Cr to ₹8,280 Cr.
Zee Entertainment Enterprises Ltd.'s ₹8,280 Cr revenue base puts it in the mid-sized bracket among media & entertainment companies in India.
| Year | Revenue | YoY % |
|---|---|---|
| FY2025 | ₹8,280 Cr | -5.5% |
| FY2024 | ₹8,766 Cr | +7.3% |
| FY2023 | ₹8,168 Cr | -1.7% |
| FY2022 | ₹8,306 Cr | +5.9% |
| FY2021 | ₹7,840 Cr | — |
View Zee Entertainment Enterprises Ltd.'s full 10-year revenue trend with CAGR analysis →
Zee Entertainment Profitability
Year-over-year, net profit grew 380.6% from ₹141 Cr to ₹680 Cr in FY2025 for Zee Entertainment Enterprises Ltd..
Net margin widened to 8.2% in FY2025 — an improvement from the 1.6% recorded in FY2024.
The diluted EPS figure moved up to ₹7.08 in FY2025, against ₹1.47 posted in FY2024.
Is Zee Entertainment Undervalued
Using the P/E Ratio methodology, the calculated intrinsic value comes to ₹196.
Zee Entertainment Enterprises Ltd. shares are currently trading at ₹94.50.
Craytheon also calculates intrinsic value using the EPS Growth and DCF models. The full breakdown with assumptions is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | ₹196 | 107.9% upside to fair value |
| EPS Growth | Upgrade | Upgrade |
| DCF | Upgrade | Upgrade |
See all valuation models for Zee Entertainment Enterprises Ltd. with detailed assumptions →
Zee Entertainment Shareholding Pattern
The promoter group has maintained its 4.0% holding through the last 4 quarters.
As of March 2026, FIIs own 25.3% of the company — up from 24.8% a year earlier.
DII ownership is at 10.9%, down from the 16.9% recorded a year ago.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Mar 2026 | 4.0% | 25.3% | 10.9% | 59.8% |
| Dec 2025 | 4.0% | 24.2% | 12.1% | 59.7% |
| Sep 2025 | 4.0% | 25.4% | 14.0% | 56.5% |
| Jun 2025 | 4.0% | 24.8% | 16.9% | 54.3% |
Track quarterly shareholding changes for Zee Entertainment Enterprises Ltd. →
Zee Entertainment Balance Sheet
Proportional view as of 3 Jun 2026. Hover blocks for details.
Assets
Liabilities & Equity
In FY2025, the total asset base came in at ₹137.34B, up 2.1% YoY from ₹134.50B.
Inventories accounts for 49.3% of the total, ahead of Other Assets (18.6%) and Cash & ST Investments (13.7%).
Capital structure: 84.0% equity, 2.3% debt, 13.7% operating liabilities. Over the year, debt is up 39.3% and equity is up 6.1%.
Balance sheet composition — FY 2025
| Category | Value |
|---|---|
| Cash & ST Investments | 18.77B |
| Receivables | 15.33B |
| Inventories | 67.75B |
| Property, Plant & Equipment | 5.52B |
| Investments | 383.00M |
| Intangibles & Goodwill | 4.06B |
| Other Assets | 25.54B |
| Category | Value |
|---|---|
| Equity | 115.33B |
| Short-term Debt | 811.00M |
| Long-term Debt | 2.40B |
| Trade Payables | 11.91B |
| Other Liabilities | 6.89B |
Zee Entertainment — The Bottom Line
In summary, Zee Entertainment Enterprises Ltd. (ZEEL) presents the following picture for fundamental analysts.
Revenue of ₹8,280 Cr in FY2025, down 5.5% year-over-year.
Long-term revenue has been compounding at 5.4% annually over 10 years.
The company is profitable, with a net margin of 8.2% and net income of ₹680 Cr.
The P/E Ratio model implies 107.9% upside to fair value from the current price. The remaining two models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
Unlock Full Analysis
Craytheon's full analysis of Zee Entertainment Enterprises Ltd. goes deeper: three valuation models, growth metrics, and 10 years of financial data.