Den Networks Ltd

Den Networks Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Den Networks Ltd

₹ 34.8 -1.11%
21 May 2:37 p.m.
dennetworks.com BSE: 533137 NSE: DEN
About

Den network ltd is a mass media & entertainment company that provides visual entertainment to its customers through cable TV, over-the-top (OTT) entertainment, and broadband services. It has curated media content from Various broadcasters across a wide range of genres and entertains 13 million+ households in India across 13 key states and 433 cities and is the Largest Subscriber Base amongst all cable players in India.[1]

Key Points

A Subsidiary of Reliance Industries
Reliance through its network of subsidiaries has acquired ~59% in Den networks in FY19. [1] Reliance Industries holds ~75% stake in the company as of FY23. [2]

Website BSE NSE
  • Market Cap ₹ 1,662 Cr.
  • Current Price ₹ 34.8
  • High / Low ₹ 58.9 / 28.1
  • Stock P/E 8.51
  • Book Value ₹ 75.8
  • Dividend Yield 0.00 %
  • ROCE 6.99 %
  • ROE 5.59 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.46 times its book value
  • Company has delivered good profit growth of 35.7% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -4.88% over past five years.
  • Company has a low return on equity of 6.00% over last 3 years.
  • Earnings include an other income of Rs.244 Cr.
  • Debtor days have increased from 39.8 to 54.6 days.
  • Working capital days have increased from 289 days to 462 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.

Peer comparison

Sector: Entertainment Industry: Entertainment / Electronic Media Software

Part of BSE SmallCap BSE Allcap BSE Consumer Discretionary

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
303 283 287 277 283 273 277 273 258 248 249 261 248
248 242 250 239 249 244 235 233 218 221 221 233 220
Operating Profit 55 41 38 37 34 29 42 40 40 27 28 27 28
OPM % 18% 14% 13% 14% 12% 11% 15% 15% 16% 11% 11% 10% 11%
28 5 39 43 27 50 52 51 57 55 69 55 67
Interest 0 0 0 1 1 1 1 1 1 1 1 1 0
Depreciation 33 32 28 30 29 28 29 28 28 26 27 26 26
Profit before tax 50 14 49 50 31 50 64 62 69 55 69 55 69
Tax % 4% 8% 1% 1% -304% 15% 29% 23% -12% 22% 25% 24% 13%
49 13 48 49 126 42 46 48 77 43 52 42 60
EPS in Rs 1.05 0.27 1.00 1.03 2.80 0.89 0.96 0.99 1.66 0.95 1.09 0.84 1.30
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,098 1,130 948 1,157 1,285 1,206 1,291 1,307 1,226 1,130 1,081 1,005
814 1,037 1,123 981 1,007 1,029 1,079 1,058 1,024 979 928 893
Operating Profit 284 93 -176 176 278 177 212 250 202 152 153 112
OPM % 26% 8% -19% 15% 22% 15% 16% 19% 16% 13% 14% 11%
65 88 51 10 30 -165 176 190 120 112 207 244
Interest 89 82 79 65 66 59 32 3 0 1 3 2
Depreciation 147 186 206 276 249 242 247 251 148 119 113 106
Profit before tax 113 -88 -409 -155 -7 -288 110 186 174 143 245 249
Tax % 34% 38% 5% 21% 139% 4% 47% -2% 2% -65% 13% 21%
75 -122 -431 -188 -17 -301 59 189 171 236 213 197
EPS in Rs 2.15 -8.08 -24.21 -10.74 -1.76 -5.81 1.47 4.15 3.69 5.09 4.50 4.19
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -1%
5 Years: -5%
3 Years: -6%
TTM: -7%
Compounded Profit Growth
10 Years: 13%
5 Years: 36%
3 Years: 45%
TTM: -8%
Stock Price CAGR
10 Years: -14%
5 Years: -7%
3 Years: -2%
1 Year: -31%
Return on Equity
10 Years: 0%
5 Years: 5%
3 Years: 6%
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 178 178 178 194 195 477 477 477 477 477 477 477
Reserves 1,678 1,532 792 620 591 2,069 2,126 2,298 2,476 2,731 2,943 3,143
1,027 998 854 505 530 482 213 0 0 28 26 23
673 649 1,107 1,088 1,041 927 872 678 554 524 481 500
Total Liabilities 3,557 3,357 2,931 2,407 2,357 3,955 3,688 3,452 3,507 3,759 3,927 4,142
1,355 1,425 1,474 1,299 1,186 935 763 609 557 562 515 463
CWIP 94 110 129 45 50 19 21 37 21 29 18 14
Investments 379 145 109 101 127 2,139 70 2,140 1,913 1,426 1,709 1,516
1,728 1,676 1,219 962 994 862 2,834 666 1,016 1,741 1,685 2,149
Total Assets 3,557 3,357 2,931 2,407 2,357 3,955 3,688 3,452 3,507 3,759 3,927 4,142

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
108 61 8 202 185 42 268 218 129 139 84 18
-1,248 -48 186 2 -80 -2,047 429 -361 -258 -54 -66 -22
1,126 -109 -161 -277 -41 1,933 -688 134 96 -115 -7 -7
Net Cash Flow -14 -96 33 -74 64 -72 9 -9 -33 -30 11 -11

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 130 129 101 74 86 68 38 26 21 28 37 55
Inventory Days
Days Payable
Cash Conversion Cycle 130 129 101 74 86 68 38 26 21 28 37 55
Working Capital Days -148 -170 -167 -129 -69 -105 -95 -86 -78 -82 487 462
ROCE % 8% -1% -12% -4% 4% -1% 4% 2% 2% 3% 7% 7%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
74.90% 74.91% 74.91% 74.91% 74.91% 74.91% 74.91% 74.91% 74.91% 74.91% 74.91% 74.91%
1.22% 1.19% 1.27% 1.08% 1.24% 1.30% 0.98% 1.11% 0.96% 0.76% 0.74% 0.82%
0.00% 0.40% 0.19% 0.19% 0.20% 0.21% 0.17% 0.18% 0.18% 0.19% 0.20% 0.14%
23.78% 23.41% 23.56% 23.74% 23.57% 23.50% 23.86% 23.72% 23.87% 24.05% 24.07% 24.05%
0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10%
No. of Shareholders 98,72895,42592,90491,15389,34599,9021,08,5481,23,3341,39,8561,59,0391,63,1641,67,086

* 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.

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