Balaji Telefilms Ltd

Balaji Telefilms Ltd

₹ 67.9 -0.89%
14 Jun - close price
About

Incorporated in 1994, Balaji Telefilms Ltd is in the business of production of TV content, Films, event business, B2C and B2B digital content business and operates a SVOD, OTT platform, etc.[1]

Key Points

Business Overview:[1][2]
BTL is one of India’s leading entertainment companies operating across television, movie and digital content production. It is amongst the largest content production houses in Asia and Middle East
a) TV:
Company has produced some very popular television serials in the country including the famous K Series of daily soaps such as Kyunki Saas Bhi Kabhi Bahu Thi, Kahaani Ghar Ghar Ki, Kasauti Zindagi Kay, Naagin 1 to Naagin 6, etc. Amongst current slate, Kundali Bhagya, Kumkum Bhagya, Bhagya Lakshmi and Yeh Hai Chahatein are very famous in India today
b) Films & Production:
Company has done production of different cinematic content across different genres.
It was involved in creating a number of commercial and critically acclaimed movies such as The Dirty Picture, LSD, Once Upon a Time in Mumbai, Ek Villain, Udtaa Punjab, Veere Di Wedding, Dream Girl, Freddy, Kathal and Dream Girl 2
c) Digital Platform:
ALT Digital Media Entertainment Limited
is a wholly owned subsidiary of the production house. It serves as a multi-device subscription Video on Demand (SVOD) Platform. Its offerings include premium, disruptive content and original series across genres, etc.

  • Market Cap 689 Cr.
  • Current Price 67.9
  • High / Low 144 / 42.0
  • Stock P/E 35.6
  • Book Value 42.5
  • Dividend Yield 0.00 %
  • ROCE 8.58 %
  • ROE 4.63 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Debtor days have improved from 98.0 to 77.6 days.

Cons

  • Promoter holding is low: 34.2%
  • Company has a low return on equity of -11.8% 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
74.88 64.78 76.76 76.20 119.12 118.82 164.19 165.43 144.53 152.14 199.55 138.33 135.11
116.15 95.13 115.36 97.55 150.51 139.18 179.05 160.81 133.04 131.02 181.13 134.14 132.86
Operating Profit -41.27 -30.35 -38.60 -21.35 -31.39 -20.36 -14.86 4.62 11.49 21.12 18.42 4.19 2.25
OPM % -55.11% -46.85% -50.29% -28.02% -26.35% -17.14% -9.05% 2.79% 7.95% 13.88% 9.23% 3.03% 1.67%
13.28 1.17 1.74 0.49 3.93 1.47 0.65 2.71 8.62 0.71 3.71 0.73 0.84
Interest 0.82 0.15 0.12 0.22 1.27 1.08 1.30 2.78 2.99 3.07 3.20 1.96 2.34
Depreciation 5.95 4.10 3.77 3.52 3.64 3.29 3.27 2.04 1.77 1.84 2.07 2.06 2.15
Profit before tax -34.76 -33.43 -40.75 -24.60 -32.37 -23.26 -18.78 2.51 15.35 16.92 16.86 0.90 -1.40
Tax % -14.67% -1.44% 3.29% -7.52% -3.18% -5.29% 1.06% 204.78% 49.64% 37.35% 31.26% 123.33% -86.43%
-39.86 -33.91 -39.40 -26.46 -33.40 -24.49 -18.59 -2.64 7.72 10.60 11.59 -0.19 -2.61
EPS in Rs -3.94 -3.34 -3.87 -2.59 -3.28 -2.40 -1.83 -0.14 0.69 1.04 1.17 -0.01 -0.25
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
186 407 346 293 419 413 428 574 294 337 593 625
178 429 340 288 438 465 533 563 398 459 612 579
Operating Profit 8 -22 6 5 -20 -52 -105 11 -104 -122 -20 46
OPM % 4% -5% 2% 2% -5% -13% -25% 2% -35% -36% -3% 7%
18 18 11 13 20 10 32 9 24 7 14 6
Interest 0 1 0 0 1 0 0 3 2 2 8 11
Depreciation 8 6 8 9 13 18 18 39 29 15 10 8
Profit before tax 18 -11 8 9 -13 -60 -91 -22 -110 -131 -24 33
Tax % 20% -53% 34% 140% -131% 22% -7% -166% -8% -2% -57% 42%
15 -17 6 -4 -30 -46 -98 -59 -119 -133 -38 19
EPS in Rs 2.24 -2.64 0.86 -0.47 -3.71 -4.46 -9.63 -5.81 -11.75 -13.09 -3.67 1.95
Dividend Payout % 18% -30% 70% -254% -11% -9% -4% -7% -2% -2% 0% 0%
Compounded Sales Growth
10 Years: 4%
5 Years: 8%
3 Years: 29%
TTM: 5%
Compounded Profit Growth
10 Years: 10%
5 Years: 17%
3 Years: 29%
TTM: 142%
Stock Price CAGR
10 Years: 1%
5 Years: 2%
3 Years: 0%
1 Year: 53%
Return on Equity
10 Years: -9%
5 Years: -13%
3 Years: -12%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 13 13 13 15 15 20 20 20 20 20 20 20
Reserves 390 370 369 520 492 833 742 672 553 424 386 411
Preference Capital 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 30 5 48 105 79
46 52 48 74 121 96 118 166 189 186 183 198
Total Liabilities 449 435 430 609 628 949 880 888 767 679 694 709
27 22 28 34 36 42 38 59 27 22 22 22
CWIP 0 1 0 2 11 2 1 2 0 0 0 0
Investments 150 197 177 218 198 474 300 126 43 19 10 30
272 215 224 355 384 431 542 701 697 638 662 656
Total Assets 449 435 430 609 628 949 880 888 767 679 694 709

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-82 39 -2 -107 -13 -104 -178 -134 -10 -120 -47 66
89 -39 10 -22 12 -275 183 168 84 19 13 -18
-2 -3 -5 135 0 391 -5 -33 -16 35 44 -32
Net Cash Flow 5 -3 4 6 -1 12 -0 1 58 -65 10 16

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 78 35 71 101 85 83 84 112 149 123 94 78
Inventory Days 192 1,316 2,094 1,439
Days Payable 93 963 1,219 1,099
Cash Conversion Cycle 78 35 71 200 439 958 84 453 149 123 94 78
Working Capital Days 317 78 100 228 144 174 262 284 348 322 173 153
ROCE % 1% -5% 1% -0% -4% -7% -11% -3% -18% -24% -5%

Shareholding Pattern

Numbers in percentages

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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