Balaji Telefilms Ltd

Balaji Telefilms Ltd

₹ 138 -0.72%
23 Feb - close price
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 1,393 Cr.
  • Current Price 138
  • High / Low 141 / 35.0
  • Stock P/E 47.9
  • Book Value 42.2
  • Dividend Yield 0.00 %
  • ROCE -5.10 %
  • ROE -10.9 %
  • Face Value 2.00

Pros

  • Debtor days have improved from 122 to 93.8 days.

Cons

  • Stock is trading at 3.26 times its book value
  • The company has delivered a poor sales growth of 7.48% over past five years.
  • Promoter holding is low: 34.3%
  • Company has a low return on equity of -19.7% over last 3 years.

* 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.

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
105.51 74.88 64.78 76.76 76.20 119.12 118.82 164.19 165.43 144.53 152.14 199.55 138.33
129.49 116.15 95.13 115.36 97.55 150.51 139.18 179.05 160.81 133.04 131.02 181.13 134.14
Operating Profit -23.98 -41.27 -30.35 -38.60 -21.35 -31.39 -20.36 -14.86 4.62 11.49 21.12 18.42 4.19
OPM % -22.73% -55.11% -46.85% -50.29% -28.02% -26.35% -17.14% -9.05% 2.79% 7.95% 13.88% 9.23% 3.03%
2.31 13.28 1.17 1.74 0.49 3.93 1.47 0.65 2.71 8.62 0.71 3.71 0.73
Interest 0.19 0.82 0.15 0.12 0.22 1.27 1.08 1.30 2.78 2.99 3.07 3.20 1.96
Depreciation 7.35 5.95 4.10 3.77 3.52 3.64 3.29 3.27 2.04 1.77 1.84 2.07 2.06
Profit before tax -29.21 -34.76 -33.43 -40.75 -24.60 -32.37 -23.26 -18.78 2.51 15.35 16.92 16.86 0.90
Tax % -8.32% -14.67% -1.44% 3.29% -7.52% -3.18% -5.29% 1.06% 204.78% 49.64% 37.35% 31.26% 123.33%
-31.65 -39.86 -33.91 -39.40 -26.46 -33.40 -24.49 -18.59 -2.64 7.72 10.60 11.59 -0.19
EPS in Rs -3.13 -3.94 -3.34 -3.87 -2.59 -3.28 -2.40 -1.83 -0.14 0.69 1.04 1.17 -0.01
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
188 186 407 346 293 419 413 428 574 294 337 593 635
188 178 429 340 288 438 465 533 563 398 459 612 579
Operating Profit -0 8 -22 6 5 -20 -52 -105 11 -104 -122 -20 55
OPM % -0% 4% -5% 2% 2% -5% -13% -25% 2% -35% -36% -3% 9%
27 18 18 11 13 20 10 32 9 24 7 14 14
Interest 0 0 1 0 0 1 0 0 3 2 2 8 11
Depreciation 7 8 6 8 9 13 18 18 39 29 15 10 8
Profit before tax 20 18 -11 8 9 -13 -60 -91 -22 -110 -131 -24 50
Tax % -5% 20% -53% 34% 140% -131% 22% -7% -166% -8% -2% -57%
20 15 -17 6 -4 -30 -46 -98 -59 -119 -133 -38 30
EPS in Rs 3.13 2.24 -2.64 0.86 -0.47 -3.71 -4.46 -9.63 -5.81 -11.75 -13.09 -3.67 2.89
Dividend Payout % 6% 18% -30% 70% -254% -11% -9% -4% -7% -2% -2% 0%
Compounded Sales Growth
10 Years: 12%
5 Years: 7%
3 Years: 1%
TTM: 12%
Compounded Profit Growth
10 Years: %
5 Years: -5%
3 Years: 7%
TTM: 138%
Stock Price CAGR
10 Years: 11%
5 Years: 10%
3 Years: 32%
1 Year: 219%
Return on Equity
10 Years: -10%
5 Years: -15%
3 Years: -20%
Last Year: -11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 378 390 370 369 520 492 833 742 672 553 424 386 406
Preference Capital 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 30 5 48 105 92
33 46 52 48 74 121 96 118 166 189 186 183 203
Total Liabilities 425 449 435 430 609 628 949 880 888 767 679 694 722
32 27 22 28 34 36 42 38 59 27 22 22 22
CWIP 1 0 1 0 2 11 2 1 2 0 0 0 0
Investments 228 150 197 177 218 198 474 300 126 43 19 10 29
165 272 215 224 355 384 431 542 701 697 638 662 671
Total Assets 425 449 435 430 609 628 949 880 888 767 679 694 722

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-18 -82 39 -2 -107 -13 -104 -178 -134 -10 -120 -47
20 89 -39 10 -22 12 -275 183 168 84 19 13
-1 -2 -3 -5 135 0 391 -5 -33 -16 35 44
Net Cash Flow 1 5 -3 4 6 -1 12 -0 1 58 -65 10

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 66 78 35 71 101 85 83 84 112 149 123 94
Inventory Days 192 1,316 2,094 1,439
Days Payable 93 963 1,219 1,099
Cash Conversion Cycle 66 78 35 71 200 439 958 84 453 149 123 94
Working Capital Days 120 317 78 100 228 144 174 262 284 348 322 173
ROCE % 1% 1% -5% 1% -0% -4% -7% -11% -3% -18% -24% -5%

Shareholding Pattern

Numbers in percentages

12 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
34.34% 34.34% 34.34% 34.34% 34.34% 34.34% 34.34% 34.34% 34.34% 34.34% 34.34% 34.34%
18.46% 18.43% 18.31% 18.34% 18.34% 18.48% 18.29% 18.31% 18.28% 18.39% 18.58% 18.57%
0.39% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.25%
46.80% 47.22% 47.34% 47.32% 47.32% 47.17% 47.36% 47.35% 47.37% 47.26% 47.08% 46.83%
No. of Shareholders 28,88333,29737,09535,32732,38233,72735,55034,90734,62733,71732,37935,657

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls