TVVISION
TV Vision financials
- Market cap
- ₹11 Cr
What TV Vision Limited does
TV Vision Limited operates in a single segment, Broadcasting, running Free-to-Air (FTA) television channels. Its flagship channel Mastiii is a Bollywood music and youth channel; Maiboli is a Marathi music channel; and Dabangg is a Bhojpuri regional entertainment channel focused on Bhojpuri music and movie content. The company also holds stakes in three broadcasting subsidiaries and one associate company engaged in related broadcasting/content businesses.
Segments
- Broadcasting
- Broadcast channels (bouquet)
- 3 (Mastiii, Maiboli, Dabangg)
- Business segments
- Single segment — Broadcasting
- Subsidiary companies
- 3 (HHP Broadcasting Services, MPCR Broadcasting Service, UBJ Broadcasting)
- Associate companies
- 1 (Krishna Showbiz Services)
- Employees
- 39 (30 male, 9 female) as of Mar 31, 2025
- Mastiii channel operating history
- 15 years of broadcasting
Quarterly results
Q1 FY27: revenue down 96.8%, net profit up 29.8% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 13 | 10 | 9 | 8 | 6 −53% | 0 −95% | 0 −98% | 0 −97% |
| EBITDA | -1 | -4 | -4 | -1 | -6 −339% | -2 +43% | -10 −137% | 0 +103% |
| Net profit | -5 | -7 | -8 | -5 | -10 −89% | -6 +9% | -13 −70% | -4 +30% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −56.9% 1Y
1Y: ₹6.35 on 10 Sept 2025 → ₹2.74. High ₹11.83 (18 Dec 2025), low ₹2.74 (11 Sept 2026).
Financials, as filed
Revenue fell 50.8% a year over 2 years, FY24 to FY26. Operating margin narrowed to -137.2%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹58 Cr | ₹53 Cr | ₹14 Cr |
| Operating profit | ₹-6 Cr | ₹-13 Cr | ₹-19 Cr |
| Operating margin | -10.3% | -23.6% | -137.2% |
| Interest | ₹1 Cr | ₹1 Cr | ₹0 Cr |
| Depreciation | ₹17 Cr | ₹15 Cr | ₹15 Cr |
| Net profit | ₹-24 Cr | ₹-27 Cr | ₹-34 Cr |
| Net margin | -40.7% | -50.1% | -243.8% |
| Cash from operations | ₹-6 Cr | ₹0 Cr | ₹4 Cr |
| Free cash flow | ₹-6 Cr | ₹-1 Cr | ₹4 Cr |
| ROCE | -60.0% | -151.0% | — |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹35 Cr | ₹37 Cr | ₹37 Cr | ₹39 Cr | ₹39 Cr | ₹39 Cr |
| Reserves | ₹-47 Cr | ₹-78 Cr | ₹-97 Cr | ₹-122 Cr | ₹-198 Cr | ₹-183 Cr |
| Borrowings | ₹111 Cr | ₹109 Cr | ₹107 Cr | ₹113 Cr | ₹6 Cr | ₹3 Cr |
| Other liabilities | ₹78 Cr | ₹77 Cr | ₹76 Cr | ₹80 Cr | ₹190 Cr | ₹193 Cr |
| Total liabilities | ₹178 Cr | ₹145 Cr | ₹122 Cr | ₹110 Cr | ₹37 Cr | ₹51 Cr |
| Fixed assets | ₹102 Cr | ₹78 Cr | ₹59 Cr | ₹42 Cr | ₹20 Cr | ₹12 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹33 Cr | ₹33 Cr | ₹33 Cr | ₹33 Cr | ₹0 Cr | ₹33 Cr |
| Other assets | ₹43 Cr | ₹34 Cr | ₹30 Cr | ₹35 Cr | ₹17 Cr | ₹6 Cr |
| Total assets | ₹178 Cr | ₹145 Cr | ₹122 Cr | ₹110 Cr | ₹37 Cr | ₹51 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count grew 2% to 15,426.
- Promoters
- 32.2%
- DIIs
- 6.0%
- Public
- 61.8%
Since Jun 2025
- Promoters 0.00 pp
- DIIs 0.00 pp
- Public 0.00 pp
How it drifted, 12 quarters
Over this window the public went from 46.4% to 61.8% — +15.4 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 36.6%, DIIs 17.0%, Public 46.4%.Dec '23: Promoters 36.6%, DIIs 17.0%, Public 46.4%.Mar '24: Promoters 36.6%, DIIs 17.0%, Public 46.4%.Jun '24: Promoters 36.6%, DIIs 17.0%, Public 46.4%.Sep '24: Promoters 36.6%, DIIs 17.0%, Public 46.4%.Dec '24: Promoters 36.6%, DIIs 16.9%, Public 46.5%.Mar '25: Promoters 32.2%, DIIs 6.1%, Public 61.7%.Jun '25: Promoters 32.2%, DIIs 6.0%, Public 61.8%.Sep '25: Promoters 32.2%, DIIs 6.0%, Public 61.9%.Dec '25: Promoters 32.2%, DIIs 6.0%, Public 61.8%.Mar '26: Promoters 32.2%, DIIs 6.0%, Public 61.8%.Jun '26: Promoters 32.2%, DIIs 6.0%, Public 61.8%.
Who is on the register
Named in the Jun 2026 filing
Every holder of TV Vision Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Sri Adhikari Brothers Assets Holding Private Limited | 9.81% | unchanged |
| Late Gautam Navnitlal Adhikari | 9.48% | unchanged |
| Markand Navnitlal Adhikari | 7.25% | unchanged |
| Aranav Trading And Investments Pvt Ltd | 5.98% | unchanged |
| Central Bank Of India Bank | 5.18% | unchanged |
| Kalash Trading And Investments Pvt Ltd | 5.16% | unchanged |
| Global Showbiz Private Limited | 4.89% | unchanged |
| Shree Bhimashankar Production Services Private Limited | 4.11% | unchanged |
| Sunil Kumar Chhajer | 3.81% | unchanged |
| Gunjan Chhajer | 3.81% | unchanged |
| Ramchandra Prabodhchandra Purohit | 3.38% | unchanged |
| Rashesh Purohit | 1.30% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse TV Vision Limited
Guides on how to read this kind of business and the numbers that matter.