Shemaroo Entertainment Ltd(SHEMAROO)

NSE: SHEMAROOBSE: 538685

₹ 98-2.00%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 282 crNext results: 2 Nov 2026Website: www.shemarooent.comUpdated: 24 Oct 2026

About

Shemaroo Entertainment creates, acquires, aggregates, distributes and monetises content across television, digital, OTT and other media platforms. Its content reaches more than 300 million people every month across digital, television and emerging screens. It reported FY26 revenue of Rs 583.06 Cr. Digital made up about 47% of revenue in FY26, compared with 20% before 2018.^[1][2][3]

Business segments

Digital Media revenue was INR 557 Mn in Q1 FY27, down 17.3% YoY, because select B2B syndication deals were deferred on geopolitical uncertainty.^[4]
Traditional Media revenue was INR 760 Mn in Q1 FY27, up 5.2% YoY, as B2B licensing deals offset a subdued advertising environment.^[4]
For FY26, Digital Media revenue was INR 275 Cr (+9% YoY) and Traditional Media revenue was INR 308 Cr (-29% YoY).^[3]
Digital's share of revenue rose to about 47% in FY26 from 20% before 2018. Management targets two-thirds to three-quarters over 3-5 years.^[3]

Content library and brands

As of FY26, the episodic library has 191 titles, with 5,734 episodes and 2,661 hours.^[1]
In FY26, four TV channels (Shemaroo TV, Shemaroo Umang, Shemaroo Josh and Shemaroo MarathiBana) together reached more than 280 million viewers a month.^[1]
Chumbak TV was relaunched as Shemaroo Josh, a Hindi movie channel, on September 1, 2025. It is carried on major DTH, cable and DD Free Dish platforms.^[5][1]
In FY26, ShemarooMe launched the 'Shemaroo Premiere' banner and its first Hindi original web series, moving from aggregating content towards creating it.^[1]

Digital reach

In FY26, the YouTube network had more than 100 channels, over 300 million monthly active users and over 100 million daily views.^[1]
In Q1 FY27, Shemaroo Filmi Gaane had more than 74.7 Mn subscribers and Shemaroo Entertainment had more than 61.9 Mn. In Q2 FY26 the figures were 73.5 Mn and 60 Mn.^[4][5]
The YouTube portfolio drew about 9 billion views in Q1 FY27. It drew more than 9.5 billion in Q3 FY26 and more than 11 billion in Q2 FY26.^[4][6][5]
The ShemarooMe subscriber base grew more than 30% YoY in Q4 FY26.^[3]
ShemarooMe launched more than 26 titles in FY26 and released 10 new Gujarati titles in Q1 FY27.^[1][4]
Shemaroo cut its FAST channels down to two, as the global FAST ecosystem has been shrinking for 12-18 months.^[4]

Customers and distribution

Content is syndicated to broadcasters such as Zee, Sony and JioStar, and to digital platforms such as Netflix, Amazon Prime Video and JioHotStar (FY26).^[1]
International partners include STARZPLAY, IVI Russia, ANTV, Red Media and Etisalat, with reach across the USA, MENA and Southeast Asia (FY26).^[1]

Content inventory and amortisation

Accelerated inventory charge-offs ended in Q4 FY26. Q1 FY27 is the first quarter back on the normal amortisation policy.^[4][3]
Inventory was INR 348 crores in Q1 FY27 and INR 339 Cr at the end of FY26, down from about INR 727 Cr in December 2023.^[4][3][6]

New initiatives and plans

Net spend on new initiatives was INR 196 Mn in Q1 FY27 and INR 155 Cr in FY26, against FY26 guidance of INR 75 Cr. Most of the FY26 overrun came from broadcasting.^[4][3]
Management guided that FY27 new-initiative spend will fall by more than 50% from FY26, with investment shifting to digital and AI-led work.^[4]
Management expects ShemarooMe OTT to become profitable in about 2 years. This depends on building a permanent subscriber base and reducing churn.^[4]
The Dubai subsidiary set up for Web 3.0/Metaverse work is being kept low-key, with no new investment (Q4 FY26).^[3]

Recent developments

In April 2026, ShemarooMe Gujarati acquired the OHO Gujarati catalogue, which adds more than 22 original web series.^[4]
On March 27, 2026, the company allotted 14,10,000 shares to promoters on a preferential basis.^[1]
Total debt was INR 311 crores in Q1 FY27, compared with about INR 310 Cr at 9M FY26.^[4][6]

Market Cap

₹282 Cr

High / Low

₹142 / 74

Stock P/E

-1.6

Price / Book

1.1

Book Value

₹94

EPS

₹-75.9

No. of Shares

2.87 Cr

ROCE

-39.6%

ROE

-58.8%

OPM

-44.9%

Debt / Equity

1.11

Sales

₹583 Cr

Net Profit

₹-218 Cr

Promoter holding

67.2%

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