CMP: 54

TV Today Network Limited operates a 24 hour news channel, Aaj Tak, delivering news in Hindi. The company also operates a English new channel, Headlines Today, primarily targets young urban viewers.

TV Today Network is a decent bet in small-cap media space. Its currently trading at a P/E of 25 with dividend yields of well over 1% in the last 12 months. It runs at a debt of 18 Crores with 33 Crores of cash in hand. Revenues have risen from 231 Crores to 308 Crores in the last 5 years. Profits have gradually dipped from 44 Crores to 11 Crores in the last 5 years. NPM has dipped from 19% to 4% over the last 5 years. Aditya Birla Group will make investment of 27.5% stake in Living Media India (known as India Today Group) and this being a Zero debt company will be easy to turn around.