Hindustan Media Ventures Ltd(HMVL)

NSE: HMVLBSE: 533217

₹ 77+0.04%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 567 crWebsite: www.hmvl.inUpdated: 24 Oct 2026

About

Hindustan Media Ventures Ltd is a regional-language media publisher. Its flagship is the Hindi newspaper Hindustan, which is read across Uttar Pradesh, Bihar, Jharkhand, Uttarakhand and Delhi NCR. Its single reported segment, printing and publishing of newspapers and periodicals, made Rs 729.5 Cr of revenue in FY26, out of total revenue of Rs 739.64 Cr.^[1][2][3]

Business segments

Printing and publishing of newspapers and periodicals was 100% of segment revenue in FY26 (Rs 729.5 Cr), and it was the only segment reported for FY2022 - FY2026.^[2]
Radio: six loss-making FM frequencies were handed back to the Government by Q4 FY26, and management says every retained frequency is profitable. Radio revenue for FY26 was INR 140 cr.^[4]

Products and brands

The flagship is the Hindi daily Hindustan, which has a strong presence in the Hindi heartland (FY26 annual report).^[1]
Beyond news, Hindustan covers niche areas such as career development, education, agriculture and lifestyle (FY26).^[1]
The company discontinued its OTTplay business. Subscriptions stopped from 1 April 2026 after attempts to sell the business to strategic partners did not succeed.^[1][4]

Operations

As of 31 March 2026, printing plants were in Patna, Ranchi, Dhanbad, Lucknow, Varanasi, Allahabad, Dehradun, Agra, Bareilly and Moradabad. Some printing is also done on a job-work basis.^[1]
The company had 1,047 employees as of 31 March 2026.^[1]
Newsprint is bought from domestic and international suppliers, with sourcing spread across several geographies (FY26).^[1]
Newsprint costs make up 25-40% of the total cost bill. In Q1 FY27 they were about $650-700/MT, the highest level since COVID.^[5]

Key operating numbers

Hindi print ad revenue was INR 139 crore in Q1 FY27, up 20% YoY. It was INR 504 cr in FY26, up 8% YoY.^[5][4]
Hindi print circulation revenue was INR 38 crore in Q1 FY27, down 3% YoY. It was INR 155 cr in FY26, flat YoY.^[5][4]
FY26 Hindi ad growth came from higher ad rates (yields). Ad volumes were broadly flat, in line with the industry.^[4]
Other operating income, which includes job work and scrap sales, was about INR 20 crore in Q1 FY27, against INR 10 crore in Q1 FY26.^[5]

Market and customers

Hindi publications had the largest share of newspaper advertising volumes, at 37%, according to the FY26 annual report.^[1]
The central government raised its ad rates by about 26%, effective November 2025. It was the first increase in seven years.^[1][5]
The company offers integrated, group-wide advertising solutions, including AdVentures, to win new-age advertisers (FY26).^[1]
In FY26 the company was deliberately increasing its copy share in selected markets.^[4]

Corporate structure and recent developments

The company has one wholly-owned subsidiary, HT Noida (Company) Limited (FY26).^[1]
A one-off exceptional charge of INR 41.4 cr was booked in Q3 FY26 for the impact of the new labour codes on gratuity liability.^[6]
Management says the company is an active seller of its AFE ad-space investment portfolio. Forfeiture income from this portfolio lifted other operating income in Q4 FY26.^[4]

Market Cap

₹567 Cr

High / Low

₹108 / 55

Stock P/E

6.6

Price / Book

0.4

Book Value

₹215

EPS

₹6.6

No. of Shares

7.37 Cr

ROCE

11.5%

ROE

3.1%

OPM

22.4%

Debt / Equity

0.04

Sales

₹740 Cr

Net Profit

₹49 Cr

Promoter holding

74.4%

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Hindustan Media Ventures Ltd(HMVL)

About

Business segments

Products and brands

Operations

Key operating numbers

Market and customers

Corporate structure and recent developments

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