🔍

Cinevista Limited (CINEVISTA)

₹14.36 +0.28% last close, 16 Oct

📊 NSE: CINEVISTA 🏢 Entertainment / Electronic Media Software 📢 Latest filing: 22 Sep 2026 📝 Analysis written: 13 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Cinevista's revenue was ₹7.5 Cr (+61.8% year on year, +2.6% on the previous quarter), and net profit ₹1.0 Cr (+1.0% year on year); the operating margin was 31.1%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹7.5	+61.8%	+2.6%
Operating profit	₹2.3	+20.1%	-25.1%
Net profit	₹1.0	+1.0%	+22.0%
EPS (₹)	0.17	+0.0%	+21.4%
Operating margin	31.1%	—	—

Full quarterly financials → Results calendar →

CINEVISTA delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 82.97% of the CINEVISTA shares traded on NSE were taken to delivery, against the stock's own 20-session average of 74.6%. That is close to its usual level. Turnover was only ₹2 lakh, so a handful of trades can move this figure. Volume was 0.3 times its average, well below normal.

82.97%Delivery, 16 Oct

74.6%Own 20-session average

0.3×Volume vs its average

₹14.36NSE close · +0.28%

Delivery in the last 5 sessions: 75.5% · 69.3% · 68.7% · 53.3% · 83.0%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Cinevista Approves Rs 2.39 Cr Loan Write-Off for Inactive Subsidiary and Associate

🟡 NEUTRAL ⭐ 4/10

BOARD_MEETING 📅 22 Sep 2026, 03:25 PM

Cinevista Limited's board approved the write-off of outstanding loans and advances totaling Rs 2.39 crore (Rs 2,38,87,930) owed by an inactive subsidiary and an associate company. This includes Rs 1.65 crore from subsidiary Chimera Entertainment Pvt Ltd and Rs 0.74 crore from associate Heritage Productions Pvt Ltd, both having nil turnover for the last 10 years and fully eroded net worth. The write-off represents 9.96% of FY26 consolidated turnover (Rs 23.97 crore) and will hit standalone P&L, but has nil impact on consolidated financial statements as inter-company balances are eliminated.

Board approved write-off of Rs 2,38,87,930 in loans and advances to one subsidiary and one associate
Rs 1,65,13,981 written off for 99.88% owned subsidiary Chimera Entertainment Pvt Ltd
Rs 73,73,949 written off for 49.90% owned associate Heritage Productions Pvt Ltd
Both entities reported nil revenue for the past 10 years with negative/eroded net worth
Write-off constitutes 9.96% of FY26 consolidated turnover with nil impact on consolidated financials

💡 Track Cinevista's upcoming quarterly standalone results to verify the exact accounting treatment and any residual exposure or tax impact from the write-off.

Cinevista Approves Rs 2.39 Cr Loan Write-Off for Inactive Subsidiary and Associate

🟡 NEUTRAL ⭐ 4/10

BOARD_MEETING 📅 22 Sep 2026, 03:14 PM

Board approved write-off of Rs 2,38,87,930 in loans and advances to one subsidiary and one associate
Rs 1,65,13,981 written off for 99.88% owned subsidiary Chimera Entertainment Pvt Ltd
Rs 73,73,949 written off for 49.90% owned associate Heritage Productions Pvt Ltd
Both entities reported nil revenue for the past 10 years with negative/eroded net worth
Write-off constitutes 9.96% of FY26 consolidated turnover with nil impact on consolidated financials

💡 Track Cinevista's upcoming quarterly standalone results to verify the exact accounting treatment and any residual exposure or tax impact from the write-off.

Cinevista Clarifies Q1 FY27 Results; Confirms Identical Standalone and Consolidated Numbers

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 04 Sep 2026, 05:20 PM

Cinevista Limited responded to an NSE query regarding its Q1 FY27 (quarter ended June 30, 2026) financial results. The company clarified that Standalone and Consolidated financials are identical because its three subsidiaries (Cinevista Eagle Plus Media, Chimera Entertainment, and Heritage Productions) are non-operational with nil revenue and expenses. For the quarter, the company reported revenue from operations of ₹748.96 lakh (₹7.49 crore) and net profit of ₹100.11 lakh (₹1.00 crore).

Clarified to NSE that 3 subsidiaries had ₹Nil revenue and ₹Nil expenditure during Q1 ended June 30, 2026
Reported Q1 FY27 revenue from operations of ₹748.96 lakh compared to ₹462.94 lakh in Q1 FY26
Reported Q1 FY27 net profit attributable to owners of ₹100.11 lakh vs ₹81.52 lakh in Q4 FY26
Submitted financial results in machine-readable format to resolve exchange filing deficiency

💡 Monitor upcoming quarterly disclosures and revenue recognition milestones from the Kanjurmarg joint development real estate project with K Raheja Corp.

₹7.49 Cr Revenue: Cinevista Reports 62% YoY Revenue Growth in Q1 FY27

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 12 Aug 2026, 05:25 PM

Cinevista Limited reported a strong start to FY27 with consolidated revenue of ₹7.49 Cr, marking a 61.8% increase from ₹4.63 Cr in Q1 FY26. Consolidated net profit stood at ₹1.00 Cr, showing a 22% sequential improvement over the March 2026 quarter (₹0.82 Cr), though it remained nearly flat year-on-year. The company's performance is driven by its dual-track strategy of media production and real estate monetization, although all three subsidiaries reported zero revenue for the quarter. Total expenses rose significantly to ₹6.47 Cr, primarily due to a jump in material costs to ₹4.14 Cr.

Revenue from operations increased 61.8% YoY to ₹7.49 Cr compared to ₹4.63 Cr in the previous year's quarter.
Consolidated Net Profit reached ₹1.00 Cr, up from ₹0.82 Cr in the preceding quarter (Q4 FY26).
Cost of materials consumed rose sharply to ₹4.14 Cr from ₹1.68 Cr in the year-ago period, impacting margins.
Basic EPS for the quarter remained stable at ₹0.17.
All three subsidiaries (Cinevista Eagle Plus, Chimera Entertainment, and Heritage Productions) reported ₹Nil revenue and profit.

💡 Investors should monitor the execution timeline of the three planned new TV serial launches and the progress of the Kanjurmarg real estate project with K Raheja Corp, which remains the company's primary asset moat.

Cinevista Approves Q1 FY27 Financial Results; Focus on Real Estate and Digital Media

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 12 Aug 2026, 04:53 PM

Cinevista Limited has approved its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company is currently in a turnaround phase, having reported a profit of ₹6.1 Cr in FY26 after a significant loss of ₹31.62 Cr in FY25. Investors should focus on the execution of the Joint Development Agreement (JDA) with K Raheja Corp for the Kanjurmarg land, where Cinevista holds a 24.5% share, and the performance of its digital content on YouTube.

Board meeting concluded on August 12, 2026, after a 2-hour session (2:00 PM to 4:00 PM).
Financial results cover the first quarter of the 2026-27 fiscal year ending June 30, 2026.
Company maintains a 24.5% share in a high-value JDA with K Raheja Corp for Mumbai real estate development.
FY26 annual revenue stood at ₹23.97 Cr with a healthy operating margin of 45.06%.
Promoter holding remains stable at 67.5% as per the latest available data.

💡 Monitor the detailed P&L on exchange websites to verify if revenue from the Kanjurmarg real estate project or the three planned new TV serials has begun to materialize.

Cinevista Board Approves Q1 FY27 Unaudited Financial Results

🟡 NEUTRAL ⭐ 4/10

BOARD_MEETING 📅 12 Aug 2026, 04:31 PM

Cinevista Limited's Board of Directors met on August 12, 2026, to approve the standalone and consolidated unaudited financial results for the quarter ended June 30, 2026. The meeting, which lasted two hours, confirmed the results and authorized their publication in newspapers on August 13, 2026. This follows a recovery year in FY26 where the company reported a PAT of ‑6.1 Cr against a significant loss of ‑31.62 Cr in FY25. Investors should note the company's ongoing transition toward real estate monetization and digital content.

Board meeting commenced at 2:00 p.m. and concluded at 4:00 p.m. on August 12, 2026
Approved unaudited financial results for the quarter ended June 30, 2026
Results to be published in The Financial Express and Mumbai Lakshadeep on August 13, 2026
Company maintains a TTM revenue base of ‑24 Cr with an operating margin of 45.1%
Management issued a formal declaration that results contain no misleading statements per SEBI Regulation 33(2)(a)

💡 Review the detailed P&L statement on exchange websites to track if the high OPM of 45% is sustained and if revenue from the K Raheja JDA or YouTube channels is scaling.

Cinevista Reports Compliance with SEBI Insider Trading Regulations for Q1 FY27

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 20 Jul 2026, 04:07 PM

Cinevista Limited has filed its quarterly compliance certificate for the Structured Digital Database (SDD) as of June 30, 2026. The company confirmed that it maintains an internal, non-tamperable database to track Unpublished Price Sensitive Information (UPSI) in accordance with SEBI (Prohibition of Insider Trading) Regulations. During the quarter, the company identified and recorded 1 specific UPSI event. This is a routine procedural filing confirming that internal governance controls for information security are in place.

1 UPSI event was captured and recorded during the quarter ended June 30, 2026
The database is maintained internally and is non-tamperable with an audit trail
The system is capable of maintaining records for a period of 8 years
Compliance is certified under Regulation 3(5) and 3(6) of SEBI (PIT) Regulations, 2015

💡 This is a routine administrative filing. Investors should focus on the company's upcoming quarterly financial results and progress on its real estate JDA with K Raheja Corp.

Cinevista Submits Routine Quarterly Compliance Certificate for June 30, 2026

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 16 Jul 2026, 04:50 PM

Cinevista Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The document confirms that the company's Registrar and Share Transfer Agent (RTA), KFin Technologies Limited, has processed all share dematerialization and rematerialization requests for the quarter ended June 30, 2026. This is a standard administrative filing required for all listed companies to ensure the integrity of electronic shareholding records. There is no impact on the company's business operations or financial standing.

Compliance certificate covers the quarter ended June 30, 2026
Registrar and Share Transfer Agent (RTA) involved is KFin Technologies Limited
Confirmation date from the RTA was July 09, 2026
Filing submitted to BSE and NSE on July 16, 2026

💡 No action is required as this is a routine procedural filing. Investors should monitor upcoming quarterly financial results for updates on business performance.

Cinevista Submits Voting Results and Scrutinizer's Report for 29th AGM

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 30 Jun 2026, 06:28 PM

Cinevista Limited has concluded its 29th Annual General Meeting (AGM) held on June 30, 2026, in Mumbai. The company has submitted the mandatory Scrutinizer's Report and voting results as per SEBI (LODR) Regulations. This filing is a procedural requirement following the meeting where shareholders vote on standard corporate resolutions. While the specific outcomes of the resolutions were not detailed in the summary, the filing confirms the completion of the annual shareholder engagement process.

29th Annual General Meeting successfully conducted on June 30, 2026
Voting results submitted in compliance with Regulation 44(3) of SEBI LODR
Meeting held at Jashn Studios, Bandra (W), Mumbai at 11:00 AM IST
Promoter holding remains stable at approximately 67.5% as per recent context

💡 Investors should monitor the detailed minutes of the AGM for any management commentary regarding the timeline of the Kanjurmarg real estate project with K Raheja Corp and the launch of 3 proposed new TV serials.

Rs 163 Cr Borrowing Limit Proposed at Cinevista AGM; RPT Limit Set at Rs 50 Cr

🔵 WATCH ⭐ 6/10

BOARD_MEETING 📅 30 Jun 2026, 05:29 PM

Cinevista Limited held its 29th Annual General Meeting on June 30, 2026, seeking shareholder approval for significant financial mandates. Most notably, the company proposed increasing its borrowing powers to Rs 163 Cr, a substantial jump from its current debt of Rs 15 Cr. Additionally, a Related Party Transaction (RPT) limit of Rs 50 Cr was sought, which exceeds the company's TTM revenue of Rs 24 Cr. Other key resolutions included the re-appointment of top management beyond the age of 70 and the appointment of new statutory auditors.

Proposed borrowing limit of Rs 163 Cr, representing approximately 2.7x the current Net Worth of Rs 61 Cr.
Sought consent for Related Party Transactions (RPT) up to an aggregate limit of Rs 50 Cr.
Re-appointment of MD Sunil Mehta and WTD Prem Krishen Malhotra beyond the age of 70.
Appointment of M/s Sarath & Associates as Statutory Auditors for a 5-year term.
Creation of charge on movable and immovable properties of the company up to Rs 163 Cr.

💡 Monitor the voting results to be released within 48 hours to confirm if these high borrowing and RPT limits were approved. Investors should watch for specific disclosures on how the proposed Rs 163 Cr debt capacity will be utilized, particularly regarding the Kanjurmarg real estate project.

Cinevista Limited to Close Trading Window from July 1, 2026, for Q1 Financial Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 23 Jun 2026, 04:39 PM

Cinevista Limited has announced the closure of its trading window starting July 1, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations. This closure is mandatory for the preparation and announcement of the company's financial results for the quarter ending June 30, 2026. The restriction applies to all designated employees and their immediate relatives. The trading window is expected to reopen 48 hours after the financial results are officially declared to the stock exchanges.

Trading window closure commences on July 1, 2026.
Closure is related to the financial results for the quarter ended June 30, 2026.
Applies to all Designated Employees and their Immediate Relatives as per the Insider Trading Code.
Trading window will reopen 48 hours after the announcement of financial results to BSE and NSE.

💡 No immediate action is required as this is a routine regulatory compliance filing. Investors should look out for the upcoming date of the board meeting where the Q1 FY27 results will be discussed.

Cinevista Reports FY26 Turnaround with ₹6.10 Cr Net Profit; Clarifies Financial Discrepancies

🟢 POSITIVE ⭐ 6/10

REGULATORY 📅 04 Jun 2026, 01:06 PM

Cinevista Limited provided clarifications to the Exchange regarding its FY26 financial results, noting that standalone and consolidated figures for Q4 were identical because subsidiaries were non-operational during that quarter. The company reported a significant turnaround, posting a consolidated net profit of ₹609.93 lakhs for FY26 compared to a loss of ₹3,161.88 lakhs in FY25. This recovery is primarily driven by the Real Estate segment, which generated ₹2,390.59 lakhs in revenue following a joint development agreement with K Raheja Corp. The traditional media business remains small, with the company now pivoting toward YouTube content creation for future growth.

Consolidated Net Profit of ₹609.93 lakhs in FY26 vs a loss of ₹3,161.88 lakhs in FY25.
Real Estate segment revenue reached ₹2,390.59 lakhs, contributing over 99% of total revenue.
Media segment losses narrowed drastically to ₹38.03 lakhs from ₹2,524.73 lakhs in the previous year.
Debt-Equity ratio improved to 1.30 as of March 31, 2026, down from 2.13 in FY25.

💡 Investors should note the company's shift in focus toward real estate monetization and digital content. The stock's performance is currently tied to the execution of the Kanjurmarg project under the joint development agreement.

Cinevista Promoters Confirm Nil Encumbrance on Shares for FY Ended March 31, 2026

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 02 Jun 2026, 09:33 AM

Cinevista Limited has submitted its annual disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The promoter group, represented by Sunil Mehta, confirmed that no shares held by them were encumbered or pledged during the financial year ended March 31, 2026. As of the year-end date, the total number of encumbered shares remains at zero. This is a routine annual compliance filing that confirms the stability of promoter holdings.

Promoters confirmed zero encumbrances on shares for the financial year ended March 31, 2026.
The disclosure was made in compliance with Regulation 31(4) of SEBI (SAST) Regulations, 2011.
Sunil Mehta, on behalf of the Promoter Group, confirmed no direct or indirect pledges were created during the period.
The filing confirms that as of March 31, 2026, Nil shares of the company are pledged by the promoters.
The document was officially submitted to both BSE and NSE on April 7, 2026.

💡 This is a routine regulatory filing confirming that promoter shares are not pledged. Investors can take this as a sign of financial stability regarding promoter equity, but no immediate trading action is required.

Cinevista Approves FY26 Audited Results; Reports Modified Auditor Opinion

🔵 WATCH ⭐ 7/10

EARNINGS 📅 06 May 2026, 06:18 PM

Cinevista Limited has approved its audited standalone and consolidated financial results for the fiscal year ended March 31, 2026. Notably, the statutory auditors have issued a modified opinion, signifying audit qualifications that could impact the reliability of the financial statements. The company has scheduled its 29th Annual General Meeting for June 30, 2026, to discuss these results and other corporate matters. Investors should note the book closure period from June 23 to June 30, 2026.

Approved Standalone and Consolidated Audited Financial Results for the year ended March 31, 2026
Statutory Auditors issued a modified opinion with a Statement of Impact of Audit Qualifications
29th Annual General Meeting (AGM) scheduled for June 30, 2026, in Mumbai
Register of Members and Share Transfer Books closed from June 23 to June 30, 2026
Annual Secretarial Compliance Report for FY26 submitted to the exchanges

💡 Investors should closely examine the specific nature of the audit qualifications to understand potential financial risks. The modified opinion warrants a cautious approach until the impact on the balance sheet is fully understood.

Cinevista Approves FY26 Audited Results; Auditors Issue Modified Opinion

🔵 WATCH ⭐ 7/10

EARNINGS 📅 06 May 2026, 04:40 PM

Cinevista Limited's board approved the audited financial results for the year ended March 31, 2026, in a meeting held on May 6, 2026. A key point for investors is the declaration of a modified opinion by the statutory auditors, necessitating a Statement of Impact of Audit Qualifications. The company has scheduled its 29th Annual General Meeting for June 30, 2026, at Jashn Studios, Mumbai. The book closure period for the AGM is set from June 23 to June 30, 2026.

Board approved audited standalone and consolidated results for the fiscal year ended March 31, 2026.
Statutory auditors issued a modified opinion on the financial statements, requiring a disclosure of impact.
The 29th Annual General Meeting is set for June 30, 2026, at 11:00 AM in Mumbai.
Register of members and share transfer books will be closed from June 23 to June 30, 2026.
Results will be published in newspapers on May 7, 2026, and are available on BSE and NSE websites.

💡 Investors should carefully review the Statement of Impact of Audit Qualifications to understand the specific concerns raised by the auditors. Monitor the full financial report to assess the company's underlying profitability and debt levels.

View All CINEVISTA Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

The company reported a total revenue of INR 1.02 Cr in FY23. Revenue is generated from two primary segments: Media Business (production of TV serials and advertisements) and Real Estate Business (Joint Development Agreement). In Q1 FY23, revenue was reported at INR 0.00, indicating high volatility and dependence on project-based recognition.

Geographic Revenue Split

100% of operations and revenue are concentrated in India, specifically centered around Mumbai, Maharashtra, where the company owns a studio and land parcel in Kanjurmarg.

Profitability Margins

Profitability is currently negative; the company reported a Profit After Tax (PAT) loss of INR 1.61 Cr in Q1 FY23. Net margins are severely impacted by low revenue scale and fixed costs associated with studio maintenance and administrative overheads.

EBITDA Margin

Not explicitly disclosed as a percentage, but core profitability is under pressure as evidenced by the INR 1.61 Cr loss in Q1 FY23 and the auditor's note that failure to impair subsidiary investments would have increased losses by an additional INR 4.37 Cr.

Capital Expenditure

The company maintains significant intangible assets valued at INR 20.90 Cr as of March 31, 2025. Historical CAPEX includes the development of the Kanjurmarg studio; current strategy shifts towards asset-light development via the K Raheja JDA.

Credit Rating & Borrowing

The company is rated 'CRISIL B+/Stable Issuer Not Cooperating'. Total consolidated non-current borrowings stood at INR 24.57 Cr as of September 30, 2025, with an additional INR 0.166 Cr in current borrowings.

⚙️ Operational Drivers

Raw Materials

Content production inputs (scripts, creative talent, and technical crew) represent the primary costs for the media segment. For the real estate segment, the primary 'input' is the land parcel in Kanjurmarg, with construction materials (steel, cement) managed by the development partner.

Import Sources

Sourced locally within India, primarily from Maharashtra for production services and construction materials.

Key Suppliers

K Raheja Corp Real Estate Pvt Ltd acts as the primary development partner for the real estate segment. Media suppliers include various freelance creative professionals and technical equipment vendors.

Capacity Expansion

The company currently has one serial on air with plans to launch 3 new serials. The real estate capacity is defined by the 24.5% share of the developed area in the Kanjurmarg project under the JDA signed on May 29, 2023.

Raw Material Costs

Not disclosed as a specific percentage of revenue due to the project-based nature of the business; however, the auditor flagged a lack of impairment on INR 20.90 Cr of intangible assets (content/rights).

Manufacturing Efficiency

Media production efficiency is tied to the 'Percentage of Completion Method' for real estate and successful 'on-air' status for TV serials.

Logistics & Distribution

Distribution is primarily digital/broadcast-based for media and handled by the JDA partner for real estate sales.

📈 Strategic Growth

Growth Strategy

The company is pursuing a dual-track strategy: 1) Real Estate monetization through a 24.5% share in a JDA with K Raheja Corp for its Kanjurmarg land, and 2) Digital Media expansion by launching various YouTube channels to build a subscriber base and generate recurring ad revenue, moving away from high-risk traditional broadcast models.

Products & Services

Television serials, commercial advertisements, YouTube video content, and residential/commercial real estate units.

Brand Portfolio

Cinevista, Cinevistaas.

New Products/Services

New YouTube channels and upcoming TV serial launches are expected to diversify revenue streams beyond the current single on-air serial.

Market Expansion

Focus remains on the Mumbai real estate market and the pan-India digital content market via YouTube.

Strategic Alliances

Joint Development Agreement (JDA) with K Raheja Corp Real Estate Pvt Ltd for the Kanjurmarg plot.

🌍 External Factors

Industry Trends

The media industry is shifting from linear TV to OTT and digital platforms like YouTube. The company is positioning itself by creating digital-first content. In real estate, there is a trend toward JDAs to unlock value from legacy land parcels without taking on full construction risk.

Competitive Landscape

Competes with large-scale production houses (e.g., Balaji Telefilms) and numerous digital content creators.

Competitive Moat

The primary moat is the ownership of a physical studio and land in a prime Mumbai location (Kanjurmarg), which provides a tangible asset base that most production houses lack. However, this is offset by 'Information Adequacy Risk' cited by credit agencies.

Macro Economic Sensitivity

Highly sensitive to interest rates (affecting real estate demand and debt servicing on INR 24.57 Cr borrowings) and the health of the Indian advertising market.

Consumer Behavior

Shift toward on-demand digital consumption is driving the company's investment in YouTube channels.

Geopolitical Risks

Low, as operations are localized in the Indian domestic market.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by the Ministry of Information and Broadcasting (for media) and RERA (for real estate). The company must also adhere to Ind AS 115 for revenue recognition on its JDA.

Environmental Compliance

Real estate projects must comply with RERA and local municipal (BMC) environmental norms.

Taxation Policy Impact

Subject to standard Indian corporate tax rates; deferred tax assets/liabilities are monitored but not currently a major driver of cash flow.

Legal Contingencies

The auditor issued a qualified opinion regarding the non-impairment of investments and advances to subsidiaries. If recognized, these would increase current year losses by INR 62,34,550 and INR 3,75,61,682 respectively. Intangible assets of INR 20.90 Cr also face impairment risks.

⚠️ Risk Analysis

Key Uncertainties

Information Adequacy Risk: CRISIL's 'Issuer Not Cooperating' status suggests a lack of transparency. Asset Realization Risk: Auditor concerns over the carrying value of INR 20.90 Cr in intangible assets and subsidiary investments.

Geographic Concentration Risk

100% of physical assets and real estate revenue are tied to a single location in Kanjurmarg, Mumbai.

Third Party Dependencies

Critical dependency on K Raheja Corp for the realization of real estate value, which is the company's primary long-term growth driver.

Technology Obsolescence Risk

Traditional TV production faces obsolescence from OTT; the company's digital transformation via YouTube is in early stages with 'Nil' revenue currently reported from some subsidiaries.