Balaji Telefilms Ltd

Balaji Telefilms Ltd

₹ 77.8 1.04%
24 Apr 2:35 p.m.
About

Balaji Telefilms Ltd is in the business of production of films, event business, B2C and B2B digital content business and operates a subscription based video on demand (SVOD) over the top (OTT) platform, distribution of films. It has established itself in the business of television content in India particularly for Hindi language content.[1]

Key Points

Balaji Telefilms
The company has been in the telefilms for 25+ years and has produced 150+ shows across multiple languages including some of the most successful shows in the television industry in India. It delivers content to major broadcasters such as Zee, star, colors, and Dangal. It has 2 new shows in the pipeline for FY23. [1]

  • Market Cap 790 Cr.
  • Current Price 77.8
  • High / Low 144 / 39.9
  • Stock P/E 13.6
  • Book Value 115
  • Dividend Yield 0.00 %
  • ROCE 4.33 %
  • ROE 2.88 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Stock is trading at 0.69 times its book value
  • Company is expected to give good quarter
  • Debtor days have improved from 268 to 158 days.

Cons

  • The company has delivered a poor sales growth of 4.42% over past five years.
  • Promoter holding is low: 34.2%
  • Company has a low return on equity of 1.65% over last 3 years.
  • Company has high debtors of 158 days.

* 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

Standalone Figures in Rs. Crores / View Consolidated

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
114.30 101.64 47.51 61.49 63.61 69.51 77.63 144.26 158.35 136.92 136.34 191.14 122.55
99.76 90.45 42.34 65.53 53.43 66.18 71.41 142.19 139.54 117.44 108.40 165.30 115.13
Operating Profit 14.54 11.19 5.17 -4.04 10.18 3.33 6.22 2.07 18.81 19.48 27.94 25.84 7.42
OPM % 12.72% 11.01% 10.88% -6.57% 16.00% 4.79% 8.01% 1.43% 11.88% 14.23% 20.49% 13.52% 6.05%
2.63 13.53 1.03 1.44 0.42 4.06 1.99 1.75 5.45 14.60 0.64 0.56 0.57
Interest 0.16 0.79 0.12 0.10 0.19 1.24 1.07 1.28 2.77 2.98 3.06 3.19 1.95
Depreciation 6.88 5.56 3.77 3.42 3.14 3.23 2.89 3.11 1.91 1.65 1.72 1.94 1.92
Profit before tax 10.13 18.37 2.31 -6.12 7.27 2.92 4.25 -0.57 19.58 29.45 23.80 21.27 4.12
Tax % 23.99% 27.76% 20.78% 22.55% 25.45% 36.64% 28.94% 35.09% 26.25% 25.87% 26.55% 24.78% 26.46%
7.70 13.28 1.83 -4.73 5.43 1.85 3.02 -0.37 14.44 21.83 17.48 16.00 3.04
EPS in Rs 0.76 1.31 0.18 -0.47 0.54 0.18 0.30 -0.04 1.43 2.16 1.73 1.58 0.30
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
129 141 132 210 257 408 417 440 577 316 242 517 587
138 134 127 197 223 403 363 425 452 278 227 471 506
Operating Profit -8 6 5 13 34 6 53 15 124 37 15 47 81
OPM % -6% 5% 4% 6% 13% 1% 13% 3% 22% 12% 6% 9% 14%
26 18 18 10 24 10 7 25 6 24 7 24 16
Interest 0 0 1 0 0 1 0 0 2 2 2 8 11
Depreciation 7 8 5 8 9 12 14 13 33 26 14 10 7
Profit before tax 11 17 16 15 50 2 47 26 95 34 6 53 79
Tax % -8% 20% 37% 19% 25% -1,200% 65% 24% 39% 25% 32% 26%
12 13 10 12 37 29 16 20 58 25 4 39 58
EPS in Rs 1.78 2.04 1.54 1.88 4.88 3.87 1.61 1.99 5.72 2.50 0.43 3.85 5.77
Dividend Payout % 11% 20% 52% 32% 25% 10% 25% 20% 7% 8% 46% 0%
Compounded Sales Growth
10 Years: 14%
5 Years: 4%
3 Years: -4%
TTM: 31%
Compounded Profit Growth
10 Years: 29%
5 Years: 9%
3 Years: -18%
TTM: 208%
Stock Price CAGR
10 Years: 5%
5 Years: 0%
3 Years: 12%
1 Year: 89%
Return on Equity
10 Years: 3%
5 Years: 2%
3 Years: 2%
Last Year: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 13 13 13 13 15 15 20 20 20 20 20 20 20
Reserves 394 404 411 417 608 560 963 990 1,037 1,062 1,070 1,108 1,139
0 0 0 0 0 0 0 0 28 3 47 104 93
28 26 28 40 58 117 59 87 129 106 96 128 159
Total Liabilities 435 443 452 470 681 692 1,043 1,097 1,214 1,192 1,233 1,361 1,411
32 26 21 23 29 33 30 30 54 24 17 17 17
CWIP 1 0 1 0 0 3 2 1 2 0 0 0 0
Investments 258 180 227 212 273 250 688 708 724 658 650 819 818
145 237 204 235 380 405 322 358 434 510 567 524 576
Total Assets 435 443 452 470 681 692 1,043 1,097 1,214 1,192 1,233 1,361 1,411

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-3 22 -0 -1 13 15 52 19 85 -21 -97 114
5 -16 -5 12 -150 -18 -438 -6 -54 96 -2 -152
-1 -2 -3 -5 134 0 392 -5 -32 -16 36 44
Net Cash Flow 0 4 -8 6 -3 -4 6 8 -1 59 -63 6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 89 94 87 103 108 89 73 85 79 247 401 158
Inventory Days 23 1,360 1,065 220
Days Payable 93 991 663 914
Cash Conversion Cycle 89 94 87 103 38 459 475 85 -615 247 401 158
Working Capital Days 160 428 376 276 411 148 124 133 143 315 593 201
ROCE % -2% 1% 2% 2% 7% -0% 7% 3% 9% 2% 1% 4%

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
34.34% 34.34% 34.34% 34.34% 34.34% 34.34% 34.34% 34.34% 34.34% 34.34% 34.34% 34.21%
18.43% 18.31% 18.34% 18.34% 18.48% 18.29% 18.31% 18.28% 18.39% 18.58% 18.57% 18.90%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.25% 0.00%
47.22% 47.34% 47.32% 47.32% 47.17% 47.36% 47.35% 47.37% 47.26% 47.08% 46.83% 46.89%
No. of Shareholders 33,29737,09535,32732,38233,72735,55034,90734,62733,71732,37935,65735,353

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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