SNDH—56

Sandesh Ltd

Consumer PublishingVerified

Score breakdown

Profitability+32Sentiment+30Missing signals-3

Quality breakdown

Key fields100Profile38Conclusion96AI synthesis40Observations3

Sandesh Ltd maintains a strong liquidity position with a current ratio of 19.38, indicating a significant excess of current assets over current liabilities. The company has no long-term debt and a debt-to-equity ratio of 0.0, suggesting a conservative capital structure. With free cash flow of INR 788.06 million and operating cash flow of INR 673.75 million, the company generates robust cash from operations [doc:HA-latest]. Profitability metrics show a return on equity (ROE) of 5.7% and a return on assets (ROA) of 5.35%, which are in line with the industry's typical performance for a regional print media company. The operating margin of 20.77% (calculated from operating income of INR 611.17 million on revenue of INR 2.94 billion) reflects a healthy margin for the company's core operations [doc:HA-latest]. The company operates through two segments: Media and Finance. The Media segment is the primary revenue driver, with the Finance segment likely contributing a smaller portion. Geographically, the company is heavily concentrated in the Gujarat region, with six editions of the SANDESH newspaper and a news channel, indicating a strong regional presence [doc:HA-latest]. Looking ahead, the company is expected to maintain its current revenue trajectory, with no significant growth or decline projected in the next fiscal year. The company's revenue of INR 2.94 billion in the latest period suggests a stable business model, though the print media industry is inherently subject to cyclical demand [doc:HA-latest]. The risk assessment indicates low liquidity and dilution risk, with no immediate filing-based flags detected. The company's conservative capital structure and strong cash flow generation reduce the likelihood of near-term dilution. No significant adjustments were applied to the valuation metrics, indicating a clean financial profile [doc:HA-latest]. Recent filings and transcripts do not highlight any material events or strategic shifts. The company's operations remain focused on its core media and publishing activities, with no disclosed major capital projects or acquisitions in the latest reporting period [doc:HA-latest].

Profile

CompanySandesh Ltd

TickerSNDH.NS

SectorConsumer Cyclicals

BusinessCyclical Consumer Services

Industry groupCyclical Consumer Services

IndustryConsumer Publishing

AI analysis

Business. Sandesh Ltd operates in the regional print media industry in India, primarily through the publication of the Gujarati daily newspaper SANDESH and the Gujarati news channel Sandesh Telecast, generating revenue from print media, digital platforms, and out-of-home advertising [doc:HA-latest].

Classification. Sandesh Ltd is classified under the Consumer Cyclicals economic sector, specifically in the Consumer Publishing industry within the Cyclical Consumer Services business sector, with a confidence level of 0.92 [doc:verified market data].

Key takeaways

Sandesh Ltd maintains a conservative capital structure with no long-term debt and a strong current ratio of 19.38.
The company generates robust operating and free cash flows, with operating cash flow of INR 673.75 million and free cash flow of INR 788.06 million.
The company's profitability is in line with industry norms, with a ROE of 5.7% and ROA of 5.35%.
The business is heavily concentrated in the Gujarat region, with a strong regional print media presence.
The company faces low liquidity and dilution risk, with no immediate filing-based flags detected.
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Financial snapshot

PeriodHA-latest

CurrencyINR

Revenue$2.94B

Gross profit$1.81B

Operating income$611.2M

Net income$771.2M

R&D—

SG&A—

D&A—

SBC—

Operating cash flow$673.7M

CapEx-$31.7M

Free cash flow$788.1M

Total assets$14.42B

Total liabilities$888.0M

Total equity$13.53B

Cash & equivalents$7.0M

Long-term debt$0.00

Annual history (last 5)

PeriodRevenueOp IncomeNet IncomeFCF

FY0$2.94B$611.2M$771.2M$788.1M

FY-1$3.22B$751.4M$1.89B$1.87B

FY-2$3.41B$890.6M$1.01B$1.01B

FY-3$3.09B$700.1M$898.3M$919.1M

FY-4$2.74B$720.1M$899.8M$926.2M

PeriodGross %Op %Net %FCF %

FY0————

FY-1————

FY-2————

FY-3————

FY-4————

PeriodAssetsEquityCashDebt

FY0$14.42B$13.53B$7.0M—

FY-1$13.49B$12.62B$337.5M—

FY-2$11.17B$10.55B$494.4M—

FY-3$10.14B$9.51B$696.3M—

FY-4$9.64B$8.89B$186.4M—

PeriodOCFCapExFCFSBC

FY0$673.7M-$31.7M$788.1M—

FY-1$1.54B-$47.3M$1.87B—

FY-2$959.1M-$28.4M$1.01B—

FY-3$223.2M-$5.5M$919.1M—

FY-4$487.7M-$5.2M$926.2M—

Quarterly history (last 4)

PeriodRevenueOp IncomeNet IncomeFCF

FQ0$770.9M$157.4M$384.8M—

FQ-1$778.4M$29.7M$38.6M—

FQ-2$733.3M$165.7M$580.4M—

FQ-3$756.8M$173.9M$92.4M—

FQ-4$793.2M$15.2M-$207.9M—

FQ-5$705.2M$141.6M$381.9M—

FQ-6$686.5M$138.2M$504.9M—

FQ-7$860.6M$238.9M$719.2M—

PeriodGross %Op %Net %FCF %

FQ0————

FQ-1————

FQ-2————

FQ-3————

FQ-4————

FQ-5————

FQ-6————

FQ-7————

PeriodAssetsEquityCashDebt

FQ0————

FQ-1$15.02B$14.13B$117.1M—

FQ-2————

FQ-3$14.42B$13.53B$202.0M—

FQ-4————

FQ-5$14.61B$13.51B$321.3M—

FQ-6————

FQ-7$13.49B$12.62B$634.3M—

PeriodOCFCapExFCFSBC

FQ0————

FQ-1$255.2M-$50.6M——

FQ-2————

FQ-3$673.7M-$31.7M——

FQ-4————

FQ-5$665.5M-$16.7M——

FQ-6————

FQ-7$1.54B-$47.3M——

Valuation

Market price—

Market cap—

Enterprise value—

P/E—

Reported non-GAAP P/E—

EV/Revenue—

EV/Op income—

EV/OCF—

P/B—

P/Tangible book—

Tangible book$13.53B

Net cash$7.0M

Current ratio19.4

Debt/Equity0.0

ROA5.3%

ROE5.7%

Cash conversion87.0%

CapEx/Revenue-1.1%

SBC/Revenue—

Asset intensity—

Dilution ratio0.0%

Risk assessment

Dilution riskLow

Liquidity riskLow

No immediate filing-based liquidity or dilution flags were detected.

Industry benchmarks

Activity: Consumer Publishing · cohort 1 companies

MetricSNDHActivity

Op margin20.8%15.3% medp25 15.3% · p75 15.3%top quartile

Net margin26.2%12.2% medp25 12.2% · p75 12.2%top quartile

Gross margin61.6%47.5% medp25 35.2% · p75 67.3%above median

R&D / revenue—9.4% medp25 9.4% · p75 9.4%

CapEx / revenue-1.1%1.2% medp25 1.2% · p75 1.2%bottom quartile

Debt / equity0.0%4.9% medp25 0.3% · p75 24.0%bottom quartile

Source data

Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.

Company fundamentalsperiod FQ-7 · history via verified-market-data

no public URL

2026-05-04 06:26 UTC#29d025de

Source: analysis-pipeline (hybrid)Generated: 2026-05-04 06:27 UTCJob: d19da8a4