Key Metrics of Ht Media Limited
About Ht Media Limited
Sectors
Company details
- Website
- htmedia.in
- Founded
- 1993
- Registered office
- 18-20, Kasturba Gandhi Marg,, New Delhi, In-dl, 110001
- Listed
- NSE: HTMEDIA · ₹24.14
Operational Areas of Ht Media Limited
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
Sign in to continue See plans & pricingFiling compliance
Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
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Credit ratings
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | ICRA | Reaffirmed | — | A1+ | — | ₹500 Cr | View |
Credit strengths (ICRA, Oct 2026)
+ Strong brand presence and market position of its key print publications in National Capital Region and Hindi-speaking states
HTML’s key publications include Hindustan Times, an English daily, and Mint, a financial newspaper.
+ Healthy capital structure and sustained cash surplus position
The Group’s capital structure remains healthy, as reflected in its strong net worth of Rs. 1,619.5 crore as on March 31, 2026, favourable cash conversion cycle and relatively low debt.
+ Presence across media platforms
The Group is present across multiple media platforms , including Hindi and English print, radio (with 17 frequencies across cities) and digital media (shine.com, among others).
Credit challenges
− Modest operating profitability and coverage metrics
The Group’s consolidated operating profitability improved to 7.2% in FY2026 from 3.3% in FY2025 (restated), although it remained at modest levels.
Could lead to a downgrade
The rating could be downgraded if the Group faces sustained pressure on its earnings owing to subdued advertising revenues and/or higher newsprint prices, or if material investments in or funding support for non-core businesses, impact the
Agency-reported financials (ICRA, 27 Oct 2026)
| Metric | FY2025 | FY2026 |
|---|---|---|
| Operating income (Rs. Crore) | ₹1,746 Cr | ₹1,803 Cr |
| PAT (Rs. Crore) | ₹14.20 Cr | ₹-49.10 Cr |
| OPBDIT/OI (%) | 3.3% | 7.2% |
| PAT/OI (%) | 0.8% | -2.7% |
| Total outside liabilities/Tangible net worth (times) | 0.80× | 0.90× |
| Total debt/OPBDIT (times) | 12.40× | 5.90× |
| Interest coverage (times) | 0.90× | 2.20× |
| Revenue growth (YoY) | — | 3.3% |
| EBITDA (margin × income) | ₹57.61 Cr | ₹130 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹714 Cr | ₹766 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹64.01 Cr | ₹59.02 Cr |
Borrowings & rated debt
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Commercial Paper | Commercial paper | ₹500 Cr | ₹500 Cr | 0.0% | A1+ | Reaffirmed | ICRA |
Debt instruments
| ISIN | Instrument | Type | Coupon | Issued | Maturity | Amount | Rating | Status |
|---|---|---|---|---|---|---|---|---|
| INE501G14FA8 | Commercial Paper Sep Dec + | Commercial paper | 6.75% | — | — | ₹50.0 Cr | A1+ | Not stated |
| INE501G14FB6 | Commercial Paper Sep Dec + | Commercial paper | 6.75% | — | — | ₹50.0 Cr | A1+ | Not stated |
Credit assessment · Services
Rating Methodology – Service Sector Companies · Standalone accounts · FY 2025-26
Ratios, pillar scores and the indicative rating are part of Premium.
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Next action stable or better (model) | 52% |
| Information on file | 78% · missing: Capex / investment plans, Auditor details |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 44% chance the next rating action is stable or better
- Interest coverage 2.2×
Rated limits by facility
Timeline
From the report
The credit profile is supported by the Group’s strong liquidity position, reflected in cash and liquid investments of around Rs. 1,630 crore (including approximately Rs. 399 crore encumbered against 1 borrowings) and a net cash position of about Rs. 968 crore as on March 31, 2026.
From the report
Further, the recently approved preferential issue of warrants aggregating up to Rs. 95.3 crore is expected to provide additional support to the liquidity profile and aid debt reduction.
From the report
Further, ICRA’s rating factors in the Group’s strong liquidity profile, with a net cash position of Rs. 968 crore as on March 31, 2026.
From the report
The Group maintains a significant buffer in its bank limits, with sanctioned bank limits of ~Rs. 1,297 crore.
From the report
Further, any debt-funded organic or inorganic initiatives affecting its leverage and liquidity, leading to net cash falling below Rs. 500 crore, may trigger a rating downgrade.
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Competitors of Ht Media Limited
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
| Outlets operated by Titan World. | titancompany.in | — | Vijayawada, India | |
 Network18 Media & Investments Limited |
Telecom · Media, Telecom & Entertainment | nw18.com | 1993 | Mumbai, Maharashtra, India |
 Zee Entertainment Enterprises |
Telecom · Media, Telecom & Entertainment | zee.com | 1992 | Mumbai, India |
 PVR INOX |
Telecom · Media, Telecom & Entertainment | pvrcinemas.com | 1997 | Mumbai, India |
 RenewSys (India) |
Telecom · Media, Telecom & Entertainment | renewsysworld.com | 2011 | Mumbai, India |
| Telecom · Media, Telecom & Entertainment | jplcorp.in/new/Default.aspx | 1975 | Kanpur, India | |
| Nazara Technologies Limited | Indian IT Services · IT Services & Software | — | — | Maharashtra, India |
| Discovered Companies · Other Industries | dennetworks.com | 2007 | Mumbai, Maharashtra, India | |
 TV Today Network |
Part of India Today Group. | indiatodaygroup.com/new-site/television.html | 1999 | India |
 Zee Media Corporation |
Part of Essel Group. | zeemedia.in | — | Mumbai, India |
Similar companies
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
mass media
Filings
No filings on record yet.