Annual report
Annual Report 2026
Source: Bse
Raj Television Network Limited (RAJTV)
Small CapMedia stocks · Small cap · NSE
Raj Television Network Limited operates in Telecom Services / Equipment, within the Media sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 11:44 am ISTDetails
Quote21 Oct, 11:44 am IST
Base fundamentals05 Oct 2026 · screener
Latest result16 Aug, 01:44 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Media P/E 15.0 (n=57)
Technical timing lens
Trend score and candlestick chart
66BullishSMA20 +9.4% / mo · MACD − · near 52W low · sector +14.3pp vs Nifty 500 (3M)
Stock trend: 43
Sector RS: 100
Sector 3M: +8.7% vs Nifty 500 -5.6%
Media FPI tailwindBuilding
Latest FPI flow is positive, but a second consecutive positive fortnight is still required. View sector evidence
Technical chart
RAJTVD candles · FIT view-66.9%TODAY · PROVISIONALLatest price ₹7.81 on 2026-10-21
Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.
Bar
-4.8%
RSI
29
MACD hist
-0.28
52W pos
0%
2026-10-21O ₹8.20H ₹8.25L ₹7.81C ₹7.81Vol 6.4L shIntraday candle
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
RAJTVNifty MediaNifty 500
- RAJTV
- -31.4%
- Nifty 500
- -5.6%
- Nifty Media
- +7.0%
- Vs Nifty 500
- -25.8 pp
Chart stats
19 Oct 2026- From 52W high
- -82.5%
- 52W range position
- 1%
- ATR (14)
- 8.3%
- Volume vs 20D
- 8.87x
- Avg traded value
- ₹0.1 Cr
- 20D price channel
- ₹8.2 - ₹11.6
₹46.9
₹7.7 - ₹46.9
₹0.7
Latest completed session
20-session average
61.7% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, while price trend supports entry. This looks more like momentum/speculation than a clean fundamental investment setup.
Weak U-Score but strong trend: momentum may be ahead of fundamentals.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · OVERVALUED27
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue -9.7% · PAT -388.6% YoY
Technical
Bullish66
Price trend and sector-relative-strength timing.
Valuation
Legacy model—
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence60
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100Rev -10% YoY · PAT -389% YoY · margin compression
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹15 Cr | -9.7% | -29.8% |
| EBITDA | ₹-0.4 Cr | -128.1% | -148.1% |
| Operating margin | -2.5% | -1069 bps | -625 bps |
| PAT | ₹-1 Cr | -388.6% | -559.1% |
| PAT margin | -6.8% | -886 bps | -778 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- —
- P/B
- 0.45
- EV/EBITDA
- 24.67
- Market Cap
- 56.10Cr
Profitability
- ROE
- 0.43%
- ROCE
- 2.56%
- ROA
- -0.33%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- -2.00%
- EPS 5Y
- 32.00%
- Revenue 3Y
- -6.00%
- EPS 3Y
- -21.00%
Balance Sheet
- Debt/Equity
- 0.18
- Interest Coverage
- 0.91×
- Altman Z
- 2.24
- Book Value
- 24.00
Cash Flow
- FCF Yield
- 13.83%
- FCF Positive Y
- 10/5
- OCF
- 7.53 Cr
- EPS TTM
- -0.11
Shareholding
- Promoter Hold
- 70.96%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 8%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 70.0-44.3% vs prev
Net Profit
₹ CrLatest: 0.8+103.8% vs prev
Return on Equity
%Latest: 0.6+103.8% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 29. Wait for confirmation.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 rising (~8.9% over last month) — short-term momentum positive.
- RSI(14) at 29 — oversold zone; bounce conditions.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
1
RS percentile
Stage 4 Downtrend
1M return
-4.4%
3M return
-31.4%
6M return
-65.6%
1Y return
-79.9%
RS 1D
0
RS 20D
0
Sector rank
#15
Industry rank
#49
Stage evidence
- Price is 48.1% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -19.5%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
lagging
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 20.74-4.03%
RS vs Nifty 50021
Valuation & peers
U-Score 27 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 27 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation5/30
Growth10/25
Quality0/20
Balance Sheet8/15
Cash Flow8/10
Piotroski
5/9 (+3)
Penalties
-7
Raw sum
27
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
27/100 · legacy band OVERVALUED
Positive drivers
- FCF yield is supportive at 13.8%.
- Cash flow contributes 8/10 to the score.
- Balance sheet contributes 8/15 to the score.
Main drags
- Penalty bucket subtracts 7 points.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Valuation is weaker at 5/30; verify the latest quarterly trend.
Sector valuation model
Telecom valuation: EV/EBITDA against ARPU, debt, and capex
Telecom needs enterprise-value and cash-flow framing because leverage is structurally important.
Primary lens
EV/EBITDA and debt-adjusted cash generation.
Secondary checks
ARPU growth, subscriber quality, spectrum liabilities, capex intensity.
Main risk check
High EBITDA can still be weak equity value if debt and capex absorb cash.
PE
—
PB
0.5
EV/EBITDA
24.7
ROE
0.4%
ROCE
2.6%
FCF Yield
13.8%
Debt/Equity
0.2
MoS
—
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
27
Previous: 27
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
—
No stored baseline yet
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
27
27
27
27
27
27
27
27
27
27
27
27
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
—
Growth-justified P/E
22.5
Growth-justified Value
—
— MoS
PEG
—
Comparable companies
Peers
Business-comparable peers in Media — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
TOUCHWOOD
Small
Touchwood Entertainment Limited
Telecom
match 100
35
20.4
9.7%
+10%
WATCHLIST
TNTELE
Small
Tamilnadu Telecommunication Limited
Telecom
match 99
1
—
—
—
OVERVALUED
CRESTO
Small
CRESTO TECHNO LIMITED
Telecom
match 96
16
—
-20.3%
—
OVERVALUED
NEXTMEDIA
Small
Next Mediaworks Limited
Telecom
match 96
25
—
—
+92%
OVERVALUED
SITINET
Small
Siti Networks Limited
Telecom
match 95
11
—
—
—
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Raj Television Network Limited operates in Telecom Services / Equipment, within the Media sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
60Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 28th percentile of the scored universe and 41st percentile within Media. Main check: results consistency is weak at 5/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
2 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
28th percentile
overall median 67 · Media: 41st pctile, median 63 · Small: 32nd pctile, median 66
Evidence depth
Financial-only
2 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
89
strong · profit to cash conversion
Balance sheet
59
watch · leverage and solvency
Discipline
40
weak · capital discipline
Results
5
weak · quarterly consistency
Trust positives
- ▸Promoter holding is 71%.
- ▸Promoter pledge is zero.
- ▸FCF yield is 14.2%.
- ▸10 years of positive FCF.
Trust risks
- ▸3 latest quarters had PAT decline worse than 25% YoY.
- ▸Interest coverage is 0.9x.
- ▸ROCE is low at 2.6%.
- ▸ROE is low at 0.6%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Raj Television Network Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.