🟢 At a Glance
SABTNL — yes, that same zombie media stock that was near-dead with negative book value — is now trading at ₹1,171. After a fresh ₹15 Cr promoter handover, an open offer at ₹10, and a failed TV empire now being rebranded, this stock is up 346% YoY. P/E? A chill 6,492x. So the question is simple: WTF is going on?
1. 🎭 Introduction with Hook
Sri Adhikari Brothers was once the proud owner of “SAB TV”… back when Orkut was hot and Daler Mehndi was still trending.
Cut to 2025:
- 📺 No meaningful content production
- 🧾 Book Value: -₹4.36
- 💸 3 Cr revenue in FY24, up to ₹6 Cr in FY25
- 💀 Completed NCLT resolution in May 2025
- 🔥 Stock price: ₹1,171 🤯
And just as you were about to write this off as a glitch in the matrix, a new promoter swoops in and suddenly everyone’s acting like this is the next Netflix.
2. 🏢 WTF Do They Even Do? (Business Model)
Well… they used to do something.
Historically, SABTNL was a TV content creator and broadcaster. It had spin-offs like:
- TV Vision Ltd – Launched channels like Mastiii
- SAB Events & Governance Now – Some kinda news + events play
But after years of losses and NCLT admission, operations were largely suspended.
Currently:
- They report ₹6 Cr revenue
- No clarity on active content IPs
- No indication of ongoing broadcasting activity
- Future business
