Shemaroo Entertainment Ltd
NSE:SHEMAROO
Shemaroo Entertainment Ltd
Shemaroo Entertainment Ltd. engages in the provision of entertainment services. The company is headquartered in Mumbai, Maharashtra and currently employs 502 full-time employees. The company went IPO on 2014-09-01. The firm is engaged in n the distribution of content for broadcasting of satellite channels, physical formats, and emerging digital technologies like mobile, Internet, broadband, Internet protocol television (IPTV) and direct to home (DTH) among others. Its businesses includes broadcast, devices, DTH, inflight, mobile application, movie production, over the top (OTT), Shemaroo Institute of Film & Technology (SIFT), studio, and syndication. Its broadcast offers a range of genres, such as devotion, family drama, mythology, comedy and crime. Its DTH business provides premium content to approximately 25 DTH services on DTH platforms. The company has produced various movies, such as Ishqiya, Dedh Ishqiya and Manaroma Six Feet Under. Its studio business provides a range of services, such as digital intermediate (D.I), visual effects (VFX), telecine, film scanning, film grading to various content owners and distributors.
Shemaroo Entertainment Ltd. engages in the provision of entertainment services. The company is headquartered in Mumbai, Maharashtra and currently employs 502 full-time employees. The company went IPO on 2014-09-01. The firm is engaged in n the distribution of content for broadcasting of satellite channels, physical formats, and emerging digital technologies like mobile, Internet, broadband, Internet protocol television (IPTV) and direct to home (DTH) among others. Its businesses includes broadcast, devices, DTH, inflight, mobile application, movie production, over the top (OTT), Shemaroo Institute of Film & Technology (SIFT), studio, and syndication. Its broadcast offers a range of genres, such as devotion, family drama, mythology, comedy and crime. Its DTH business provides premium content to approximately 25 DTH services on DTH platforms. The company has produced various movies, such as Ishqiya, Dedh Ishqiya and Manaroma Six Feet Under. Its studio business provides a range of services, such as digital intermediate (D.I), visual effects (VFX), telecine, film scanning, film grading to various content owners and distributors.
Revenue Decline: Shemaroo reported Q3 revenue of INR 161 crores, down 2% year-on-year, and 9-month revenue of INR 444 crores, down 8% year-on-year.
Continued Losses: The company posted an EBITDA loss of INR 67 crores and a net loss of INR 55 crores for Q3, with ongoing losses expected in Q4 due to final accelerated inventory charge-offs.
Digital Growth: Digital media revenue for Q3 grew 14% year-on-year to INR 81 crores, offset by a 14% decline in traditional media revenue.
Inventory Charge-Offs: Inventory was reduced from INR 727 crores (Dec '23) to INR 417 crores (Dec '25); further write-offs of INR 30–35 crores are expected in Q4, after which the charge-off process will end.
Debt Levels: Debt increased to INR 310 crores due to operational losses and working capital needs, but is expected to stabilize and reduce next year.
Stabilizing Business: Management is optimistic for FY '27, citing end of extraordinary charge-offs, stabilized broadcaster competition, and potential recovery in advertising.
