Zee Entertainment Enterprises Limited (ZEEL) is one of India’s largest media and entertainment companies, operating over 100 television channels across genres and languages, along with digital platforms like ZEE5. Headquartered in Mumbai and founded in 1992 by Subhash Chandra, ZEEL has faced significant challenges in recent years—including leadership turmoil, regulatory scrutiny, and a failed merger with Sony Pictures Networks. However, as of January 2026, the company shows signs of stabilization: it is debt-light, profitable again, and trading below book value—making it a potential value opportunity for contrarian investors. This article provides a data-driven outlook on the ZEEL share price target 2026–2030.
Zee Entertainment Enterprises: Company Overview
- Founded: 1992
- Managing Director: Mr. Punit Goenka
- NSE Symbol: ZEEL
- Core Segments:
- Broadcast TV (85%) – Hindi GEC, regional channels, movies
- Digital (ZEE5 – 10%)
- Content Licensing & Syndication (5%)
- Market Position: #2 in Indian broadcast entertainment (after Star India); strong presence in rural and regional markets
ZEEL benefits from high content library value (~150,000 hours), a low capex model, and improving ad revenue post-election cycle.
ZEEL: Key Financial Snapshot
| Metric | Value |
|---|---|
| Current Share Price | ₹85.00 |
| Market Capitalization | ₹8,164.42 Cr |
| No. of Shares Outstanding | 96.05 Cr |
| P/E Ratio (TTM) | 17.32 |
| P/B Ratio | 0.77 |
| EPS (TTM) | ₹4.91 |
| Book Value (TTM) | ₹110.53 |
| ROE | 6.79% |
| ROCE | 8.98% |
| Dividend Yield | 2.87% |
| Face Value | ₹1 |
| Cash | ₹715 Cr |
| Debt | ₹160.10 Cr |
| Promoter Holding | 3.99% |
| Sales Growth (YoY) | –4.49% |
| Profit Growth (YoY) | 132.60% |
Note on Profit Growth: The 132% YoY jump stems from cost rationalization, lower content amortization, and stable ad revenue—despite flat viewership.
ZEEL Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹92 – ₹105 |
| 2027 | ₹100 – ₹120 |
| 2028 | ₹108 – ₹135 |
| 2029 | ₹116 – ₹150 |
| 2030 | ₹124 – ₹165 |
ZEEL Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹92 | ₹105 |
ZEEL reported 132.6% YoY profit growth in FY2025 despite a 4.49% sales decline, reflecting aggressive cost control. Trading at a P/B of 0.77x (below book) and P/E of 17.3x, the stock is attractively valued for a cash-rich media company. The 2026 target assumes no major governance issues and stable ad market recovery.
ZEEL Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹100 | ₹120 |
If ZEEL stabilizes subscriber base and monetizes ZEE5 better, EPS could reach ₹5.50–₹6.00 by FY27. Assuming a P/E of 18–20x, the 2027 target range is justified.
ZEEL Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹108 | ₹135 |
By 2028, benefits from content licensing, sports rights, and digital bundling should reflect in margins. A P/B of 0.9–1.0x on projected book value (~₹120–₹125) supports the ₹108–₹135 band.
ZEEL Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹116 | ₹150 |
Long-term tailwinds include rising regional ad spend and OTT consolidation. If competition doesn’t erode pricing, EPS could reach ₹6.50–₹7.00 by FY29. At a P/E of 19–21x, the 2029 target is ₹116–₹150.
ZEEL Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹124 | ₹165 |
Over a five-year horizon, ZEEL remains a value-plus-turnaround play—not a compounder. A terminal P/B of 1.0–1.1x on FY30 book value (~₹130–₹135) justifies the ₹124–₹165 range.
ZEEL: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Public & Retail | 60.02% |
| Foreign Institutional Investors (FII) | 24.21% |
| Domestic Institutional Investors (DII) | 11.78% |
| Promoters | 3.99% |
Very low promoter holding raises governance concerns, but high institutional ownership (36%) ensures liquidity.
ZEEL: Strengths vs Risks
Strengths:
- Trading below book value (P/B: 0.77)
- Net cash positive (₹555 Cr net cash)
- Consistent dividend payer (2.87% yield + 50%+ payout)
- Valuable content library with licensing potential
Risks:
- Weak promoter commitment (only 3.99% stake)
- Intense competition from Disney Star, Sony, and JioCinema
- Digital losses continue to pressure margins
- Regulatory and SEBI-related legacy issues
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | Moderate to High |
| Ideal Time Horizon | 5+ years |
| Volatility | Higher than market average |
| Dividend/Income Potential | Moderate (2.87% yield) |
| Best For | Contrarian value investors seeking media exposure at a discount |
- Successful monetization and scale-up of ZEE5
- Sustaining dominance in regional language content
- A potential strategic sale, merger, or partnership
Final Verdict
Zee Entertainment is a beaten-down media asset trading below its intrinsic value. While not without risks, its cash balance, dividend yield, and content library offer downside protection.
Our ZEEL share price target 2026–2030 (₹92 to ₹165) reflects cautious optimism—rooted in asset value but tempered by execution risk. Upside is substantial if digital turns profitable; downside is limited by book support.
Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.
Sources
- Screener.in – ZEEL Consolidated Page (FY2025 + TTM)
- Finology Ticker – ZEEL Financials & Analysis
- Groww.in – ZEEL Stock Profile
- TRAI & BARC India – Broadcast Industry Reports 2025
- SEBI Filings – Corporate Governance Disclosures
