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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

52-Week Range
Valuation
Financials (FY2025)
Investment Thesis
The Hindustan Times Limited is the unlisted holding company behind one of India's most iconic media brands, with nearly a century of history and strong Birla family backing through Shobhana Bhartia. Its value lies in its strategic stake in HT Media Limited (the listed operating entity running Hindustan Times, Mint, Fever FM, and digital properties) and prime real estate holdings in Delhi. While the media brand remains strong, structural headwinds in print advertising and the ongoing digital transition are key challenges for the group's medium-term revenue outlook.
Pros
Cons
Business Segments
Print Media
Publication of Hindustan Times (English daily) and Hindustan (Hindi daily), among India's highest-circulation newspapers.
Digital Media
HT Digital operates hindustantimes.com and livemint.com, among the leading English news websites in India.
Radio
Fever FM, one of India's leading private FM radio networks operating across multiple cities.
Real Estate
Strategic real estate properties owned by the holding company in prime Delhi locations.
Revenue Model
The Hindustan Times group generates revenue through print and digital advertising, subscription fees, radio advertising (Fever FM), and real estate income. The primary listed operating entity HT Media Limited earns the majority of media revenues. The unlisted holding company derives value from its stake in HT Media and its real estate portfolio.
Detailed Analysis
Growth Plans
Growth of digital news subscriptions in India as smartphone and internet penetration deepens.
Monetisation of prime Delhi real estate assets held by the holding company.
Potential restructuring or consolidation in Indian media that could unlock holding company value.
Industry Tailwinds
Growth of digital news subscriptions in India as smartphone and internet penetration deepens.
Recent Developments
HT Media group accelerated digital subscription and advertising revenue initiatives as print advertising continued to face structural headwinds.
2023Comparable Companies
HTMEDIA · ~1200 Cr
Frequently Asked Questions
About Hindustan Times
The Hindustan Times Limited is the holding and publishing entity behind one of India's most iconic and widely read English-language newspapers — Hindustan Times. Incorporated on 8 February 1927, the company has been a cornerstone of Indian journalism for nearly a century, providing news, analysis, and commentary to readers across major Indian cities. Its registered office is at HT House, 18/20 Kasturba Gandhi Marg, New Delhi — a landmark address in India's media landscape. The company operates as the primary entity of the HT Media Group, which also includes the Bhartia family's broader media investments. The Hindustan Times newspaper is published across multiple editions including Delhi, Mumbai, Chandigarh, Lucknow, Patna, Ranchi, and Bhopal, making it a pan-India English publication with strong readership in Tier I and Tier II cities. The group's digital arm, HT Digital Streams Limited, extends its reach to online news consumers through hindustantimes.com and associated platforms. Financially, The Hindustan Times Limited reported consolidated revenue of approximately ₹2,530 Crore for the financial year ending March 2025 — a substantial topline reflecting the company's advertising, subscription, and digital revenues across its media properties. The company holds an authorised share capital of ₹76 Crore and paid-up capital of approximately ₹14.32 Crore, reflecting the group's corporate structure with The Hindustan Times Limited serving as the unlisted holding entity. The company is led by the Bhartia family — Shobhana Bhartia serves as Chairperson and Editorial Director, a position that has anchored the group's editorial direction for decades. Priyavrat Bhartia and Shamit Bhartia are the next-generation leaders driving digital transformation and revenue diversification. With nearly 100 years of continuous publication, The Hindustan Times Limited represents one of India's most durable and recognisable media enterprises, maintaining relevance through digital expansion while sustaining its print legacy.
Key Milestones
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You enquire
Takes 2 minutes
We source & quote
Typically within 1 business day
You accept the allocation
Quote valid for 3 days
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Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
Monetisation of prime Delhi real estate assets held by the holding company.
Potential restructuring or consolidation in Indian media that could unlock holding company value.
Industry Headwinds
Continued decline in print advertising revenue as the industry shifts to digital.
Increasing competition for digital eyeballs from social media platforms and OTT news apps.
Global and Indian print media advertising market has been in secular decline as digital platforms (Google, Meta) capture an increasing share of advertising budgets.
Source: AlphaHub Research
The English digital news space is intensely competitive, with Times of India (TOI), NDTV, The Hindu, and Indian Express all competing for digital readership and advertising.
Source: AlphaHub Research
Media companies in India are subject to FDI restrictions, content regulations, and government advertising policy which can impact revenue.
Source: AlphaHub Research
Global and Indian print media advertising market has been in secular decline as digital platforms (Google, Meta) capture an increasing share of advertising budgets.
The English digital news space is intensely competitive, with Times of India (TOI), NDTV, The Hindu, and Indian Express all competing for digital readership and advertising.
Media companies in India are subject to FDI restrictions, content regulations, and government advertising policy which can impact revenue.
DBCORP · ~2500 Cr
PE: ~10xx
JAGRAN · ~2000 Cr
PE: ~10xx
Hindustan Times newspaper founded in 1924 with support from Mahatma Gandhi; The Hindustan Times Limited incorporated in 1927.
KK Birla Group acquired control of Hindustan Times; Shobhana Bhartia (Birla family) became Chairperson.
HT Media Limited (operating subsidiary) listed on BSE and NSE (BSE: 532662) to access public capital markets.
Launched Mint (business newspaper) as a joint venture with Wall Street Journal, becoming a major business daily in India.
Expanded into digital media through hindustantimes.com and livemint.com, and radio through Fever FM.
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