Sadhna Broadcast Ltd

Sadhna Broadcast Ltd

₹ 4.19 0.72%
24 Apr - close price
About

Incorporated in 1994, Sadhna Broadcast Ltd is in the business of broadcasting television channels, news, film, music, serials, etc.[1]

Key Points

Business Overview:[1]
Company is in the business of television channels, news, films, music, serial, and others programs and being a feature agency on a worldwide network having stringers, special correspondence, and representatives at different centers and other allied activities

Services Offered:[2]
a) Television Media: Company telecasts India's foremost socio-spiritual TV channel viz. Sadhna TV. This satellite channel brings social and spiritual leaders on a single platform, catering to contemporary and traditional viewers. Apart from this, company has added bouquet of channels in various genres of News, Entertainment and Movies
b) Advertising:
Company is a premier outdoor and print advertising house for advertising on various platforms such as outdoor hoardings, bus shelters, pole kiosks and roadways buses in Delhi NCR and other parts of the country. Various State and Central Government Departments and private organizations are using company's media for their publicity campaigns
c) Publication:
Sadhna Path is an exclusive Hindi monthly, equipped to set guidelines on various socio-cultural aspects, health related issues, and astrological studies
d) Technology:
Company provides broadcast equipment and technology integration through Outdoor Broadcast vans, portable Live uplink and downlink devices, procurement of cost-effective equipment, broadcast software solution, studio setups and media office infrastructure

  • Market Cap 42.0 Cr.
  • Current Price 4.19
  • High / Low 8.20 / 4.00
  • Stock P/E 840
  • Book Value 1.52
  • Dividend Yield 0.00 %
  • ROCE 3.55 %
  • ROE -2.23 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company's working capital requirements have reduced from 110 days to 81.3 days

Cons

  • Stock is trading at 2.75 times its book value
  • The company has delivered a poor sales growth of -19.3% over past five years.
  • Promoter holding is low: 25.5%
  • Company has a low return on equity of -0.19% over last 3 years.
  • Earnings include an other income of Rs.0.79 Cr.
  • Debtor days have increased from 113 to 138 days.
  • Promoter holding has decreased over last 3 years: -8.69%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
6.97 7.28 3.34 6.28 9.12 5.15 3.65 1.91 5.47 7.90 4.05 5.44 2.04
5.23 7.90 3.08 5.55 7.65 8.07 3.18 2.68 6.00 7.65 3.78 4.03 3.75
Operating Profit 1.74 -0.62 0.26 0.73 1.47 -2.92 0.47 -0.77 -0.53 0.25 0.27 1.41 -1.71
OPM % 24.96% -8.52% 7.78% 11.62% 16.12% -56.70% 12.88% -40.31% -9.69% 3.16% 6.67% 25.92% -83.82%
0.00 0.00 0.00 0.00 0.03 1.27 0.10 0.40 0.06 0.78 0.00 -0.01 0.02
Interest 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.11 0.12 0.10 0.11 0.12 0.15 0.10 0.12 0.12 0.12 0.09 0.09 0.10
Profit before tax 1.63 -0.75 0.16 0.62 1.38 -1.80 0.47 -0.49 -0.59 0.91 0.18 1.31 -1.79
Tax % 9.82% 24.00% 0.00% 29.03% 24.64% 25.56% 25.53% -8.16% 3.39% 23.08% 22.22% 25.19% 0.00%
1.48 -0.58 0.16 0.44 1.04 -1.33 0.35 -0.54 -0.57 0.70 0.13 0.98 -1.79
EPS in Rs 0.15 -0.06 0.02 0.04 0.10 -0.13 0.03 -0.05 -0.06 0.07 0.01 0.10 -0.18
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
0.00 0.00 2.50 23.41 24.25 36.13 55.23 55.41 34.53 22.48 23.89 18.94 19.43
0.00 0.00 2.45 22.92 23.74 35.25 53.47 53.26 32.86 22.20 24.24 19.12 19.21
Operating Profit 0.00 0.00 0.05 0.49 0.51 0.88 1.76 2.15 1.67 0.28 -0.35 -0.18 0.22
OPM % 2.00% 2.09% 2.10% 2.44% 3.19% 3.88% 4.84% 1.25% -1.47% -0.95% 1.13%
0.00 0.00 0.00 0.00 0.07 0.04 0.00 0.00 0.03 0.02 1.19 0.88 0.79
Interest 0.00 0.00 0.00 0.00 0.00 0.01 0.04 0.02 0.02 0.02 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00 0.01 0.03 0.05 0.21 0.47 0.41 0.47 0.46 0.40
Profit before tax 0.00 0.00 0.05 0.49 0.57 0.88 1.67 1.92 1.21 -0.13 0.37 0.24 0.61
Tax % 40.00% 30.61% 31.58% 34.09% 34.13% 27.08% 28.10% 15.38% 16.22% 150.00%
0.00 0.00 0.04 0.34 0.39 0.59 1.10 1.40 0.88 -0.11 0.31 -0.12 0.02
EPS in Rs 0.11 0.14 0.09 -0.01 0.03 -0.01 0.00
Dividend Payout % 0.00% 0.00% 2.50% 0.00% 22.80% 1.43% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: -19%
3 Years: -18%
TTM: 20%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 102%
Stock Price CAGR
10 Years: %
5 Years: 27%
3 Years: 55%
1 Year: -17%
Return on Equity
10 Years: 4%
5 Years: 3%
3 Years: 0%
Last Year: -2%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 3.25 3.25 3.25 3.25 9.75 10.03 10.03 10.03 10.03 10.03 10.03 10.03 10.03
Reserves -0.04 -0.04 0.00 0.34 0.99 1.30 2.09 3.46 4.32 4.21 4.52 4.15 5.26
0.00 0.00 0.00 0.00 1.00 1.96 4.06 6.11 2.50 3.09 5.25 3.20 3.91
0.01 0.00 1.06 13.15 10.40 20.46 13.15 20.14 11.64 8.48 8.86 9.47 7.81
Total Liabilities 3.22 3.21 4.31 16.74 22.14 33.75 29.33 39.74 28.49 25.81 28.66 26.85 27.01
0.00 0.00 0.00 0.03 0.04 0.20 0.44 2.06 1.83 1.86 2.16 1.82 1.64
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.85 0.85 0.85 0.85 0.85 0.85 4.87 7.96 7.71 7.71
3.22 3.21 4.31 15.86 21.25 32.70 28.04 36.83 25.81 19.08 18.54 17.32 17.66
Total Assets 3.22 3.21 4.31 16.74 22.14 33.75 29.33 39.74 28.49 25.81 28.66 26.85 27.01

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0.00 0.00 0.25 6.52 -1.68 -13.49 -1.13 3.81 4.43 1.59 4.97
0.00 0.00 -0.88 0.05 -0.19 -0.29 -1.83 -0.23 -4.47 -3.87 -0.12
0.00 0.00 -0.95 7.82 0.50 1.79 2.03 -3.63 0.59 2.28 -5.72
Net Cash Flow 0.00 0.00 -1.59 14.39 -1.37 -11.99 -0.94 -0.05 0.55 0.00 -0.87

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 0.00 154.82 16.11 128.50 88.23 131.22 60.78 110.25 88.92 138.37
Inventory Days 36.66 70.35
Days Payable 965.90 359.69
Cash Conversion Cycle 0.00 154.82 16.11 128.50 88.23 -798.02 -228.56 110.25 88.92 138.37
Working Capital Days 379.60 36.95 -62.46 -11.92 83.01 84.25 114.27 118.20 130.63 81.33
ROCE % 0.00% 1.55% 14.33% 7.44% 7.11% 11.61% 10.84% 6.75% -0.64% 2.59% 3.55%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
38.78% 38.78% 38.78% 40.95% 40.95% 35.14% 25.58% 25.46% 25.46% 25.46% 25.46% 25.46%
61.22% 61.22% 61.22% 59.05% 59.05% 64.86% 74.41% 74.52% 74.53% 74.54% 74.54% 74.53%
No. of Shareholders 8288458529132,25055,57572,52667,66463,93260,07557,59956,520

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