Sun TV Network Limited, headquartered in Chennai, Tamil Nadu, is one of India’s largest media conglomerates and a prominent player in the Asian television industry. Established on April 14, 1993, by Kalanithi Maran, the network has grown into a formidable presence with 37 television channels broadcasting in seven languages, reaching over 140 million households across India. The network’s channels cater to a diverse range of genres, including entertainment, news, movies, and music, making it a household name in many regions of the country. Beyond television, Sun TV Network’s influence extends to other media platforms, such as Direct-To-Home (DTH) broadcasting, 69 FM radio stations, and the publication of three daily newspapers and six magazines. Additionally, the company has ventured into sports, owning two franchises that further enhance its brand presence.
Sun TV Network’s reach is not limited to India; it has a significant global footprint, with its channels accessible in 27 countries, including the USA, Canada, Europe, Singapore, Malaysia, Sri Lanka, South Africa, Australia, and New Zealand. This expansive reach underscores the company’s position as a key player not just in Indian media but also on the international stage. With a strong legacy and a diverse media portfolio, Sun TV Network continues to shape the entertainment landscape, offering a wide array of content that resonates with millions of viewers worldwide.
Sun TV Network Q1 Results: Net Profit Declines 5.5% to ₹559.8 Crore; Dividend of ₹5 Per Share Announced
- Net Profit:
- Recorded a 5.5% decline year-on-year (YoY) to ₹559.8 crore.
- Down from ₹592 crore in the corresponding quarter of the previous fiscal year.
- Revenue from Operations:
- Dropped by 2.7% YoY to ₹1,312.4 crore.
- Compared to ₹1,349.2 crore in the same quarter last year.
- Operating Performance (EBITDA):
- EBITDA fell by 9.9% YoY to ₹718.9 crore.
- Previous year’s EBITDA was ₹797.5 crore for Q1 FY24.
- EBITDA margin decreased to 54.8%, down from 59.1% YoY.
- Advertisement Revenue:
- Reported at ₹323.77 crore for the quarter.
- Decreased from ₹339.10 crore in the same quarter last year.
- Domestic Subscription Revenue:
- Slight decline to ₹425.79 crore.
- Compared to ₹435.34 crore YoY.
- Dividend Announcement:
- Interim dividend of ₹5 per equity share of ₹5 each (100%) for FY25 was approved.
Shareholding Patterns of Sun TV Network Ltd
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% |
| FIIs + | 10.39% | 10.57% | 9.01% | 8.87% | 7.89% |
| DIIs + | 3.67% | 4.47% | 6.59% | 6.50% | 8.23% |
| Public + | 10.95% | 9.96% | 9.40% | 9.62% | 8.89% |
| No. of Shareholders | 1,19,044 | 99,895 | 95,362 | 1,00,803 | 1,01,517 |
The shareholding pattern for the company between June 2023 and June 2024 highlights several significant shifts among different investor categories. The promoters maintained a stable 75% stake throughout all quarters, demonstrating consistent ownership and control over the company. However, Foreign Institutional Investors (FIIs) reduced their holdings, decreasing from 10.39% in June 2023 to 7.89% by June 2024, reflecting a gradual exit or reduction of their stake. In contrast, Domestic Institutional Investors (DIIs) increased their share from 3.67% in June 2023 to 8.23% in June 2024, signaling growing confidence and interest from domestic institutions. Public shareholding also decreased from 10.95% to 8.89% over the same period, potentially due to the rising influence of institutional investors, both domestic and foreign. Additionally, the number of shareholders fluctuated, with a notable decline from 1,19,044 in June 2023 to 95,362 in December 2023, before rising again to 1,01,517 in June 2024. This data indicates a dynamic shift in the company’s investor landscape, with domestic institutions increasingly dominating while FIIs and public investors reduced their stakes.
How to Purchase Sun TV Network Ltd Shares?
Below are the trading platforms that you can use to purchase Sun TV Network Ltd shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
Sun TV Network Ltd Share Price Target 2024 - 2030
Sun TV Network Ltd Share Price Target 2024
| When | Maximum Price | Minimum Price |
| September 2024 | 829.55 | 721.35 |
| October 2024 | 813.29 | 707.21 |
| November 2024 | 845.82 | 735.50 |
| December 2024 | 854.28 | 742.85 |
Sun TV Network’s share price projections for each month are anticipated to fluctuate within the following ranges: In September, the maximum price is expected to reach ₹829.55, with a minimum of ₹721.35. Moving into October, the maximum price is forecasted at ₹813.29, while the minimum is anticipated to be ₹707.21. For November, the maximum price is projected to be ₹845.82, with a minimum price of ₹735.50. Finally, in December, Sun TV Network’s shares are expected to achieve a maximum of ₹854.28, and the minimum price is anticipated to be ₹742.85.
Sun TV Network Ltd Share Price Prediction 2025
| When | Maximum Price | Minimum Price |
| January 2025 | 862.82 | 663.71 |
| February 2025 | 871.54 | 670.41 |
| March 2025 | 889.84 | 684.49 |
| April 2025 | 881.03 | 677.71 |
| May 2025 | 855.37 | 657.97 |
| June 2025 | 893.86 | 687.58 |
| July 2025 | 876.33 | 674.10 |
| August 2025 | 903.43 | 694.95 |
| September 2025 | 914.28 | 703.29 |
| October 2025 | 938.05 | 721.57 |
| November 2025 | 961.50 | 739.61 |
| December 2025 | 1,004.77 | 772.90 |
In 2025, Sun TV Network’s share price is expected to fluctuate as follows: January will see a maximum of ₹862.82 and a minimum of ₹663.71. In February, the maximum is projected at ₹871.54 and the minimum at ₹670.41. By March, the price could reach ₹889.84 at its highest and ₹684.49 at its lowest. April’s forecast is a maximum of ₹881.03 and a minimum of ₹677.71. May may see a maximum of ₹855.37 and a minimum of ₹657.97. In June, the maximum is expected to be ₹893.86 and the minimum ₹687.58. July’s prices are projected to range between ₹876.33 and ₹674.10. August may see a maximum of ₹903.43 and a minimum of ₹694.95. September’s forecast suggests a maximum of ₹914.28 and a minimum of ₹703.29. October could see a peak of ₹938.05 and a low of ₹721.57. November’s maximum is expected to be ₹961.50, with a minimum of ₹739.61. Finally, December may reach a maximum of ₹1,004.77 and a minimum of ₹772.90.
Sun TV Network Ltd Share Price Target 2026
| When | Maximum Price | Minimum Price |
| January 2026 | 1,034.91 | 796.08 |
| February 2026 | 1,009.04 | 776.18 |
| March 2026 | 1,029.22 | 791.71 |
| April 2026 | 1,050.22 | 807.86 |
| May 2026 | 1,039.82 | 799.86 |
| June 2026 | 1,065.82 | 819.86 |
| July 2026 | 1,044.92 | 803.78 |
| August 2026 | 1,077.24 | 828.64 |
| September 2026 | 1,098.78 | 845.22 |
| October 2026 | 1,127.35 | 867.19 |
| November 2026 | 1,155.53 | 888.87 |
| December 2026 | 1,184.42 | 911.09 |
Sun TV Network Ltd Share Price Target 2027
| When | Maximum Price | Minimum Price |
| January 2027 | 1,196.27 | 920.21 |
| February 2027 | 1,226.94 | 943.80 |
| March 2027 | 1,274.79 | 980.61 |
| April 2027 | 1,249.80 | 961.38 |
| May 2027 | 1,213.39 | 933.38 |
| June 2027 | 1,268.00 | 975.38 |
| July 2027 | 1,243.13 | 956.26 |
| August 2027 | 1,281.58 | 985.83 |
| September 2027 | 1,326.44 | 1,020.34 |
| October 2027 | 1,360.92 | 1,046.86 |
| November 2027 | 1,394.95 | 1,073.04 |
| December 2027 | 1,429.82 | 1,099.86 |
Sun TV Network Ltd Share Price Prediction 2028
| When | Maximum Price | Minimum Price |
| January 2028 | 1,458.42 | 1,121.86 |
| February 2028 | 1,495.81 | 1,150.62 |
| March 2028 | 1,554.15 | 1,195.50 |
| April 2028 | 1,523.68 | 1,172.06 |
| May 2028 | 1,479.30 | 1,137.92 |
| June 2028 | 1,545.86 | 1,189.13 |
| July 2028 | 1,515.55 | 1,165.81 |
| August 2028 | 1,562.43 | 1,201.87 |
| September 2028 | 1,617.11 | 1,243.93 |
| October 2028 | 1,659.16 | 1,276.27 |
| November 2028 | 1,700.64 | 1,308.18 |
| December 2028 | 1,743.15 | 1,340.89 |
Sun TV Network Ltd Share Price Target 2029
| When | Maximum Price | Minimum Price |
| January 2029 | 1,778.01 | 1,367.70 |
| February 2029 | 1,823.60 | 1,402.77 |
| March 2029 | 1,894.72 | 1,457.48 |
| April 2029 | 1,857.57 | 1,428.90 |
| May 2029 | 1,803.47 | 1,387.28 |
| June 2029 | 1,884.63 | 1,449.71 |
| July 2029 | 1,847.67 | 1,421.29 |
| August 2029 | 1,904.82 | 1,465.24 |
| September 2029 | 1,971.48 | 1,516.53 |
| October 2029 | 2,022.74 | 1,555.96 |
| November 2029 | 2,073.31 | 1,594.86 |
| December 2029 | 2,125.14 | 1,634.73 |
Sun TV Network Ltd Share Price Target 2030
| When | Maximum Price | Minimum Price |
| January 2030 | 2,167.65 | 1,667.42 |
| February 2030 | 2,223.23 | 1,710.18 |
| March 2030 | 2,309.93 | 1,776.87 |
| April 2030 | 2,264.64 | 1,742.03 |
| May 2030 | 2,198.68 | 1,691.29 |
| June 2030 | 2,297.62 | 1,767.40 |
| July 2030 | 2,252.57 | 1,732.75 |
| August 2030 | 2,322.24 | 1,786.34 |
| September 2030 | 2,403.52 | 1,848.86 |
| October 2030 | 2,466.01 | 1,896.93 |
| November 2030 | 2,527.66 | 1,944.35 |
| December 2030 | 2,590.85 | 1,992.96 |
In 2030, Sun TV Network’s share price is expected to show the following trends: In January, it will reach a maximum of ₹2,167.65 and a minimum of ₹1,667.42. By December, the price is anticipated to peak at ₹2,590.85 with a minimum of ₹1,992.96.
Sun TV Network Ltd Financial Condition: Last 5 Years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 3,520 | 3,177 | 3,585 | 3,772 | 4,282 | 4,245 |
| Expenses + | 1,248 | 1,111 | 1,306 | 1,379 | 1,644 | 1,686 |
| Operating Profit | 2,272 | 2,065 | 2,279 | 2,393 | 2,638 | 2,559 |
| OPM % | 65% | 65% | 64% | 63% | 62% | 60% |
| Other Income + | 260 | 306 | 256 | 380 | 515 | 543 |
| Interest | 13 | 27 | 33 | 9 | 9 | 8 |
| Depreciation | 700 | 404 | 306 | 486 | 532 | 555 |
| Profit before tax | 1,819 | 1,941 | 2,195 | 2,278 | 2,613 | 2,539 |
| Tax % | 24% | 21% | 25% | 25% | 26% | |
| Net Profit + | 1,385 | 1,525 | 1,642 | 1,707 | 1,926 | 1,893 |
| EPS in Rs | 35.15 | 38.7 | 41.66 | 43.3 | 48.85 | 48.03 |
| Dividend Payout % | 71% | 13% | 33% | 35% | 35% |
Sun TV Network Ltd has demonstrated strong financial performance over the past five years, reflecting its robust operational and strategic management.
Sales and Revenue Growth: The company’s sales have shown a consistent upward trend, increasing from ₹3,520 crore in March 2020 to ₹4,282 crore in March 2024. This growth highlights Sun TV Network’s expanding market reach and effective business strategies. The trailing twelve months (TTM) sales slightly declined to ₹4,245 crore, suggesting some fluctuations but overall maintaining a strong revenue base.
Operating Profit and Margins: Operating profit rose from ₹2,272 crore in March 2020 to ₹2,638 crore in March 2024, indicating effective cost management and operational efficiency. However, the Operating Profit Margin (OPM) has gradually decreased from 65% to 62% over the same period, which reflects increasing expenses relative to sales.
Other Income and Expenses: The company has successfully increased its other income from ₹260 crore in March 2020 to ₹515 crore in March 2024, contributing positively to overall profitability. Expenses also increased significantly, from ₹1,248 crore to ₹1,644 crore, due to expanded operations and higher costs. Depreciation has risen from ₹700 crore to ₹532 crore, impacting net profit but also reflecting investment in assets.
Profit Before Tax and Net Profit: Profit before tax grew from ₹1,819 crore to ₹2,613 crore, showcasing improved profitability. Net profit also increased from ₹1,385 crore to ₹1,926 crore, with an EPS rise from ₹35.15 to ₹48.85, demonstrating enhanced shareholder value.
Dividend Payout and Taxation: The company’s dividend payout percentage fluctuated, notably decreasing from 71% in March 2020 to 35% in March 2024. This suggests a strategic shift towards retaining more earnings for growth or debt reduction. The tax rate increased from 24% to 26%, impacting net profit growth but aligning with overall profitability improvements.
Summary: Overall, Sun TV Network Ltd has shown strong financial health with sustained revenue growth and profitability. Despite some pressure on profit margins and increased expenses, the company has maintained a positive financial trajectory and continues to offer strong returns to shareholders.
FAQS
What is the current share price of Sun TV Network Ltd?
What is the projected share price target for Sun TV Network Ltd 2030?
Sun TV Network Ltd’s share price target is estimated to reach a range of INR 1,667.42 to INR 2,590.85 by 2030.
Can Sun TV Network Ltd’s share price reach INR 10,000 by 2030?
It is difficult to predict the exact share price of any stock, including Sun TV Network Ltd, as it is subject to market volatility and other external factors. However, based on current projections and trends, Sun TV Network Ltd’s share price can’t reach INR 10,000 by 2030.
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Conclusion
In conclusion, Sun TV Network Ltd showcases a robust financial performance and promising growth outlook. Despite a recent 5.5% dip in net profit and a slight revenue decline, the company has demonstrated a consistent upward trajectory in sales, operating profit, and net earnings over the past five years. With a diversified media portfolio and an expanding international presence, Sun TV Network’s share price is projected to rise significantly, reaching between ₹1,667.42 and ₹2,590.85 by 2030.The company’s solid fundamentals and strategic growth initiatives suggest a positive long-term investment opportunity.
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