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Best Multibagger Media Stocks in India 2026: Top Picks

India M&E market Rs 2.5 lakh Cr FY26. Regional language OTT growing 30%+. Sun TV Tamil GRP 40%+ share. DB Corp Dainik Bhaskar 5M+ daily readers.


19 Jun 202611:45 am

Best Multibagger Media Stocks in India 2026: Top Picks

Multibagger media stocks in India span traditional and emerging entertainment formats from regional television and print newspapers to OTT streaming platforms. India’s media industry is undergoing a structural shift as regional language content consumption surges, OTT platforms compete for viewership, and digital advertising grows faster than traditional print and television. Sun TV’s regional dominance, Zee’s national entertainment breadth, and DB Corp’s print leadership each represent distinct approaches to India’s evolving media landscape that have created multi-year investment opportunities at current valuations.

As of June 2026, the best multibagger media stocks in India are Sun TV Network, Zee Entertainment, DB Corp, and HT Media. Sun TV’s dominant regional language broadcasting franchise generates the highest EBITDA margins among Indian media companies, while print media companies offer deep value at depressed valuations.

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What Are Multibagger Media – Print, Television & Radio Stocks?

Multibagger media stocks are shares of Indian companies that operate television broadcasting networks, print newspapers, radio stations, and digital content platforms. These businesses generate advertising revenue tied to viewership and readership, subscription income from pay TV and OTT platforms, and increasingly digital revenue from news and entertainment apps.

Best Multibagger Media – Print, Television & Radio Stocks in India 2026

Company NSE Symbol CMP (Rs) P/E 1Y Return
Sun TV Network SUNTV Rs 510.65 18x 15%
Zee Entertainment ZEEL Rs 106.34 22x 18%
D.B. Corp DBCORP Rs 200.26 12x 20%
HT Media HTMEDIA Rs 22.50 14x 28%

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Sun TV Network (SUNTV) – Multibagger Media – Print, Television & Radio Stock

Current market price: Rs 510.65. Sun TV Network is India’s largest regional language broadcaster, commanding dominant viewership shares across Tamil, Telugu, Kannada, and Malayalam television markets. Its consistent Rs 3,000 crore-plus annual EBITDA, high dividend yield, and growing Sun NXT OTT platform make it one of India’s most undervalued media franchises.

Zee Entertainment (ZEEL) – Multibagger Media – Print, Television & Radio Stock

Current market price: Rs 106.34. Zee Entertainment operates India’s largest Hindi language entertainment channel ecosystem including Zee TV, Zee Cinema, Zee News, and the ZEE5 OTT platform. Post-merger uncertainty resolution and digital streaming revenue growth create a potential re-rating opportunity from current depressed valuations.

D.B. Corp (DBCORP) – Multibagger Media – Print, Television & Radio Stock

Current market price: Rs 200.26. DB Corp publishes Dainik Bhaskar, India’s largest-read Hindi newspaper, across 12 states with 5 million-plus daily print circulation. Its consistent advertising revenue, growing digital news platform, and high dividend yield at current valuations offer a compelling value investment in Indian print media.

HT Media (HTMEDIA) – Multibagger Media – Print, Television & Radio Stock

Current market price: Rs 22.50. HT Media publishes Hindustan Times and Hindustan Hindi newspapers across North India’s premium advertising markets. Its strong English newspaper brand in Delhi-NCR, growing Shine.com digital employment platform, and very low valuation relative to historical earnings create deep value at current price levels.

Why Invest in Multibagger Media – Print, Television & Radio Stocks in 2026?

  • Regional language content boom: India’s vernacular language audience demanding localised content in Tamil, Telugu, Kannada, Bengali, and Hindi creates structural tailwind for regional broadcasters.
  • OTT platform growth: Digital streaming platforms are extending broadcaster revenue beyond traditional cable/satellite distribution to direct subscription income.
  • Digital advertising growth: Online news consumption is creating digital advertising revenue streams for traditional print and TV brands with strong audience trust.
  • IPL and cricket rights value: Premium live cricket rights create appointment viewing that maintains linear TV relevance against OTT streaming competition.
  • Depressed valuations: Indian media stocks trade at significant discounts to historical multiples, offering value entry points for patient investors.

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Key Factors Driving Media – Print, Television & Radio Sector Growth

  • Regional language content boom: India’s vernacular language audience demanding localised content in Tamil, Telugu, Kannada, Bengali, and Hindi creates structural tailwind for regional broadcasters.
  • OTT platform growth: Digital streaming platforms are extending broadcaster revenue beyond traditional cable/satellite distribution to direct subscription income.
  • Digital advertising growth: Online news consumption is creating digital advertising revenue streams for traditional print and TV brands with strong audience trust.
  • IPL and cricket rights value: Premium live cricket rights create appointment viewing that maintains linear TV relevance against OTT streaming competition.
  • Depressed valuations: Indian media stocks trade at significant discounts to historical multiples, offering value entry points for patient investors.

Key Risks in Media – Print, Television & Radio Stocks

  • OTT disruption: Global OTT platforms like Netflix, Disney+Hotstar, and YouTube are capturing entertainment viewing time from traditional linear TV.
  • Print circulation decline: Newspaper print circulation is declining structurally as smartphone-driven digital news consumption grows among younger demographics.
  • Advertising market cyclicality: Media advertising revenue contracts sharply during economic slowdowns as advertisers cut discretionary marketing budgets.
  • Corporate governance risks: Several Indian media companies have faced promoter-related governance challenges that have suppressed shareholder value.
  • Content cost inflation: Rising talent, production, and distribution costs for quality content are squeezing broadcaster operating margins.

How to Select Multibagger Media – Print, Television & Radio Stocks

  • Screen for margin strength: Focus on Media – Print, Television & Radio companies with EBITDA margins consistently above sector peer averages, indicating durable pricing power.
  • Check revenue CAGR: Target Media – Print, Television & Radio companies delivering 3-year revenue CAGR above 15%, confirming structural rather than cyclical demand.
  • Assess balance sheet quality: Prefer companies with debt-to-equity below 0.5x so the business can fund growth without diluting shareholders.
  • Verify promoter commitment: Stable promoter holding above 45% without pledging demonstrates management conviction in long-term business prospects.
  • Use Univest Screener: Apply live fundamental filters on the Univest platform to rank Media – Print, Television & Radio stocks by quality, valuation, and momentum before investing.

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Conclusion: Best Multibagger Media – Print, Television & Radio Stocks India 2026

Multibagger media stocks in India offer a mix of value recovery and structural growth opportunities. Sun TV’s regional dominance, Zee’s OTT potential, and DB Corp’s print stronghold are all available at historically attractive valuations. Content quality and digital monetisation will determine which companies compound shareholder wealth over the next decade. Consult a SEBI-registered investment adviser before investing.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

FAQs on Multibagger Media – Print, Television & Radio Stocks

Which are the best multibagger media stocks in India 2026?

Ans. The best multibagger media stocks in India in 2026 are Sun TV Network, Zee Entertainment, DB Corp, and HT Media. Sun TV is the highest-quality compounder with dominant regional broadcasting margins. DB Corp offers value in quality print journalism with Dainik Bhaskar’s 5 million daily readership. Zee provides a recovery play on OTT growth. HT Media offers deep value at very low current valuations.

Why is Sun TV Network a multibagger media stock?

Ans. Sun TV Network has delivered multi-decade compounding through its monopoly on South Indian language broadcasting, generating consistently high EBITDA margins above 50%. Its Tamil, Telugu, Kannada, and Malayalam channel dominance creates advertising pricing power that national broadcasters cannot replicate. High dividend payouts, low debt, and growing Sun NXT OTT subscriptions add further investment attractiveness.

What is the OTT opportunity for Indian media stocks?

Ans. India’s OTT video streaming market is growing at 25-30% annually to reach Rs 15,000 crore by 2026. Traditional media companies with strong content libraries and regional language capabilities are building OTT platforms like ZEE5 and Sun NXT to capture digital subscription and advertising revenue. Successful OTT transitions allow media companies to reduce cable distribution dependency and directly monetise their content brands.

What are the risks in media stocks?

Ans. Key risks include OTT platform disruption reducing linear TV viewership, structural print circulation decline as younger readers shift to digital news, advertising cyclicality during economic slowdowns, corporate governance concerns in promoter-heavy media groups, and rising content production costs for quality entertainment programming. Monitor quarterly advertising revenue and OTT subscriber trends as primary health indicators.

How do I evaluate media stocks?

Ans. Evaluate television broadcasters by tracking viewership share, EBITDA margins above 30% for dominant regional broadcasters, OTT subscriber growth, dividend yield, and valuation discount to historical PE. For print media, monitor advertising revenue per page, digital traffic growth, cost reduction progress, and dividend sustainability. Sun TV is the quality benchmark; evaluate peers at appropriate discounts.

How have media stocks performed in 2025-2026?

Ans. Media stocks delivered mixed performance in 2025-2026. Sun TV maintained high dividends and consistent EBITDA from regional broadcasting. Zee Entertainment underwent management stabilisation and ZEE5 subscriber growth. DB Corp reported steady advertising revenue supported by regional Hindi newspaper market resilience. HT Media traded at very low valuations reflecting print sector structural concerns.

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