Hold HT Media; target of Rs 75: ICICI Direct

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

ICICI Direct's research report on HT Media

Revenues came in at Rs 585.3 crore (decline of 7.2% YoY) and much below our estimate of Rs 638.4 crore. Hindi ad revenue growth at 3.6% YoY was higher than our estimate of 2.5% YoY growth and slightly better than its peer DB Corp that reported 2.7% YoY growth.

Outlook

We continue to maintain HOLD recommendation valuing HT Media at 10x FY19E EPS of Rs 7.5, with a revised target price of Rs 75. Any multiple re-rating can only happen post there is clarity on the visible balance sheet mismatch.

For all recommendations, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Read More