FIIs bought 97,63,222 shares: Penny stock under Rs 20; Company announces FY25 results; Reduced debt and approved raising funds via FCCBs
The stock is up 37 per cent from its 52-week low of Rs 10.36 per share.
Zee Media, established in 1999, is a leading Indian media house with 15 channels covering global, national, and regional news. Zeenews.com reaches over 280 million users in nine languages, and its flagship Hindi channel, Zee News, is a top performer. Zee Business leads in Hindi business news, and numerous regional channels maintain top rankings and high engagement. Their digital platforms further enhance their broad reach.
Zee News achieved the 3rd position in its category with a 9.6 per cent market share and a strong reach of 53.96 million viewers, highlighted by initiatives like the "Zee Real Heroes Awards 2025" and the "Unveiling India Quiz." Zee Business maintained its dominance in the Hindi business news segment with a 70.4 per cent market share, launching the "Kona Kona Investor" series with Kotak Neo. Regional channels also demonstrated robust performance, with Zee 24 Kalak, Zee Bihar Jharkhand, Zee Rajasthan, Zee Madhya Pradesh Chhattisgarh, Zee Delhi NCR Haryana, and Salaam TV all holding leading market positions in their respective regions. The digital portfolio continued its strong growth, reaching 1.8 billion pageviews in Q4-FY25 and ranking 3rd in the overall news and information category according to ComScore.
In a meeting held on April 8, 2025, the Board of Directors approved raising funds through the issuance of 5 per cent coupon, unsecured, unlisted Foreign Currency Convertible Bonds (FCCBs) up to USD 4,65,90,000 with a 10-year maturity via private placement, subject to regulatory approvals and agreed-upon terms with proposed investors, under RBI's External Commercial Borrowing guidelines, with the issuance commencing on the same date and a conversion price of Rs 13.50 per equity share. Previously, on September 27, 2024, the Board had approved the issuance of fully convertible warrants on a preferential basis for up to Rs 20,000 lakhs, leading to the allotment of 133,333,333 warrants to three Foreign Portfolio Investors on November 7, 2024, at Rs 15 per share upon payment of the Rs 11.25 exercise price within 18 months. Additionally, 135,000,000 warrants allotted on January 5, 2022, to a promoter group entity were subsequently transferred to Elitecast Media Limited, another promoter entity, which is currently subject to a status quo order from various courts, prompting the Company to seek relaxation from SEBI regarding the receipt of the warrant exercise price pending the final order from the Debt Recovery Tribunal.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
According to Quarterly Results (Q4FY25), the company reported net sales of Rs 156 crore and a net loss of Rs 37 crore while in its half-yearly results (H2FY25), the company reported net sales of Rs 315 crore and a net loss of Rs 59 crore. Looking at its annual results (FY24), the company reported net sales of Rs 622 crore and a net loss of Rs 119 crore. The company has reduced the debt to Rs 174 crore in March 2025 compared to March 2024.
In March 2025, FIIs bought 97,63,222 shares and increased their stake to 13.65 per cent compared to December 2024. The company has a market cap of over Rs 800 crore. The stock is up 37 per cent from its 52-week low of Rs 10.36 per share. The stock’s 52-week high is Rs 26.29 per share and its 52-week low is Rs 10.36 per share.
Disclaimer: The article is for informational purposes only and not investment advice.