Film & Motion Pictures Industry in India

India’s film and motion-picture landscape brings together businesses involved in making, distributing and presenting screen entertainment.

Top film & motion pictures companies in India (listed and private)

Frequently asked questions

How large is the film & motion pictures industry in India?

1130 film & motion pictures companies with statutory filings (17 listed, 1113 private) reported combined revenue of ₹1.20 lakh crore in FY2025, +0.3% on the same companies, and aggregate EBITDA of ₹32,953 crore. As filed each year, combined revenue was ₹55,869 crore in FY2018, peaked at ₹1.22 lakh crore in FY2024 and was ₹1.20 lakh crore in FY2025; year-on-year changes are measured on the same companies. The 10 listed companies with an exchange price are worth ₹21,128 crore in market capitalisation. Size here is measured in revenue, profit and market value, from statutory filings and exchange prices, not in physical volume of output.

Is profitability improving or deteriorating?

Mixed. The aggregate EBITDA margin of film & motion pictures companies was 27.6% in FY2025, 5.5 pts above FY2024, against a peak of 31.7% in FY2022. The low since the peak was 21.6% in FY2023. Profit after tax margin was 9.0% (+3.7 pts on FY2024). Aggregate EBITDA of listed and private film & motion pictures companies moved +12% from FY2022 to FY2025 on a same-company basis; FY2025 EBITDA was ₹32,953 crore (+23.4% on FY2024).

Which companies are leading the film & motion pictures industry?

By FY2025 revenue the largest film & motion pictures companies are Indus Towers (₹30,123 crore, 71.4% EBITDA margin, private); Zee (₹8,294 crore, 16.1% EBITDA margin); Culver Max Entertainment (₹6,261 crore, 12.9% EBITDA margin, private); PVR Inox (₹5,780 crore, 29.7% EBITDA margin); Studio 18 Media (₹4,851 crore, 1.1% EBITDA margin, private). Among the ten largest, Indus Towers (71.4%) and PVR Inox (29.7%) earn the widest EBITDA margins and Digital18 Media (1.0%) the thinnest. 19 of the 25 largest are private companies, which a listed-only view leaves out.

Where is demand or investment changing?

In the news: Digital growth carried 1.1% of film & motion pictures stories in 2025-06 to 2026-05, up 0.3 pts (+35%) on the prior 12 months; net tone +54 vs +19 for all film & motion pictures stories. In buyer searches: Search interest in film production services queries (documentary film) was +134% in the 12 months to 2026-09 vs the prior 12, led by “documentary film” (+134%), followed by music production services (+76%); video creation and editing moved +10%.

What should I investigate next?

These are the findings that fired on the data, negative signals first, each with the topic that holds the evidence: Film & Motion Pictures EBITDA grew 12% since FY2022 (Industry financials). 14 private film & motion pictures film businesses pass an IPO-readiness screen (Top film & motion pictures companies in India). Digital growth is gaining the most ground in film & motion pictures news (Film & Motion Pictures in the news). Film production services searches rose most in the last year (Search & demand signals). Median EV/EBITDA is 5.5× and median P/E 18.9× across 10 priced film & motion pictures companies. (Market capitalisation & valuation).

How are film & motion pictures stocks valued?

The median trailing P/E is 18.9× and the median EV/EBITDA 5.5× across 10 priced companies.

What does this companies lane cover?

It covers film and motion-picture businesses involved in production, distribution and exhibition.

How are private businesses selected?

Selection begins with relevant statutory activity classifications and is refined through company-name matching and review.

Research information, not investment advice.