Den Networks Ltd
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]
- Market Cap ₹ 2,113 Cr.
- Current Price ₹ 44.3
- High / Low ₹ 69.4 / 42.2
- Stock P/E 9.64
- Book Value ₹ 73.7
- Dividend Yield 0.00 %
- ROCE 7.30 %
- ROE 6.42 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.60 times its book value
- Company has delivered good profit growth of 33.2% 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 -2.17% over past five years.
- Tax rate seems low
- Company has a low return on equity of 5.00% over last 3 years.
- Earnings include an other income of Rs.233 Cr.
- Debtor days have increased from 28.8 to 36.9 days.
- Working capital days have increased from 109 days to 487 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 Nifty Media BSE Allcap BSE Consumer Discretionary Nifty Microcap 250
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
897 | 1,098 | 1,130 | 948 | 1,157 | 1,285 | 1,206 | 1,291 | 1,307 | 1,226 | 1,130 | 1,081 | 1,028 | |
699 | 814 | 1,037 | 1,123 | 981 | 1,007 | 1,029 | 1,079 | 1,058 | 1,024 | 979 | 928 | 894 | |
Operating Profit | 197 | 284 | 93 | -176 | 176 | 278 | 177 | 212 | 250 | 202 | 152 | 153 | 134 |
OPM % | 22% | 26% | 8% | -19% | 15% | 22% | 15% | 16% | 19% | 16% | 13% | 14% | 13% |
38 | 65 | 88 | 51 | 10 | 30 | -165 | 176 | 190 | 120 | 112 | 207 | 233 | |
Interest | 47 | 89 | 82 | 79 | 65 | 66 | 59 | 32 | 3 | 0 | 1 | 3 | 2 |
Depreciation | 81 | 147 | 186 | 206 | 276 | 249 | 242 | 247 | 251 | 148 | 119 | 113 | 109 |
Profit before tax | 107 | 113 | -88 | -409 | -155 | -7 | -288 | 110 | 186 | 174 | 143 | 245 | 255 |
Tax % | 27% | 34% | 38% | 5% | 21% | 139% | 4% | 47% | -2% | 2% | -65% | 13% | |
78 | 75 | -122 | -431 | -188 | -17 | -301 | 59 | 189 | 171 | 236 | 213 | 220 | |
EPS in Rs | 4.65 | 2.15 | -8.08 | -24.21 | -10.74 | -1.76 | -5.81 | 1.47 | 4.15 | 3.69 | 5.09 | 4.50 | 4.69 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 0% |
5 Years: | -2% |
3 Years: | -6% |
TTM: | -7% |
Compounded Profit Growth | |
---|---|
10 Years: | 19% |
5 Years: | 33% |
3 Years: | 56% |
TTM: | -17% |
Stock Price CAGR | |
---|---|
10 Years: | -11% |
5 Years: | 2% |
3 Years: | 0% |
1 Year: | -22% |
Return on Equity | |
---|---|
10 Years: | -1% |
5 Years: | 4% |
3 Years: | 5% |
Last Year: | 6% |
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 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 133 | 178 | 178 | 178 | 194 | 195 | 477 | 477 | 477 | 477 | 477 | 477 | 477 |
Reserves | 748 | 1,678 | 1,532 | 792 | 620 | 591 | 2,069 | 2,126 | 2,298 | 2,476 | 2,731 | 2,943 | 3,040 |
750 | 1,027 | 998 | 854 | 505 | 530 | 482 | 213 | 0 | 0 | 28 | 26 | 24 | |
645 | 673 | 649 | 1,107 | 1,088 | 1,041 | 927 | 872 | 678 | 554 | 524 | 481 | 524 | |
Total Liabilities | 2,276 | 3,557 | 3,357 | 2,931 | 2,407 | 2,357 | 3,955 | 3,688 | 3,452 | 3,507 | 3,759 | 3,927 | 4,065 |
1,046 | 1,355 | 1,425 | 1,474 | 1,299 | 1,186 | 935 | 763 | 609 | 557 | 562 | 515 | 489 | |
CWIP | 66 | 94 | 110 | 129 | 45 | 50 | 19 | 21 | 37 | 21 | 29 | 18 | 21 |
Investments | 131 | 379 | 145 | 109 | 101 | 127 | 2,139 | 70 | 2,140 | 1,913 | 1,426 | 1,709 | 2,186 |
1,033 | 1,728 | 1,676 | 1,219 | 962 | 994 | 862 | 2,834 | 666 | 1,016 | 1,741 | 1,685 | 1,370 | |
Total Assets | 2,276 | 3,557 | 3,357 | 2,931 | 2,407 | 2,357 | 3,955 | 3,688 | 3,452 | 3,507 | 3,759 | 3,927 | 4,065 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
175 | 108 | 61 | 8 | 202 | 185 | 42 | 268 | 218 | 129 | 139 | 84 | |
-668 | -1,248 | -48 | 186 | 2 | -80 | -2,047 | 429 | -361 | -258 | -54 | -66 | |
455 | 1,126 | -109 | -161 | -277 | -41 | 1,933 | -688 | 134 | 96 | -115 | -7 | |
Net Cash Flow | -37 | -14 | -96 | 33 | -74 | 64 | -72 | 9 | -9 | -33 | -30 | 11 |
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 | 133 | 130 | 129 | 101 | 74 | 86 | 68 | 38 | 26 | 21 | 28 | 37 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 133 | 130 | 129 | 101 | 74 | 86 | 68 | 38 | 26 | 21 | 28 | 37 |
Working Capital Days | -83 | -148 | -170 | -167 | -129 | -69 | -105 | -95 | -86 | -78 | -82 | 487 |
ROCE % | 11% | 8% | -1% | -12% | -4% | 4% | -1% | 4% | 2% | 2% | 3% | 7% |
Documents
Announcements
-
Investors Presentation
10 Oct - Investors' presentation on Q2 FY24-25 financial results.
- Standalone And Consolidated Unaudited Financial Results For The Quarter And Half-Year Ended September 30, 2024 10 Oct
- Standalone And Consolidated Unaudited Financial Results For The Quarter And Half-Year Ended September 30, 2024 10 Oct
-
Board Meeting Intimation for Consideration And Approval Of The Standalone And Consolidated Unaudited Financial Results Of The Company For The Quarter And Half-Year Ended September 30, 2024
3 Oct - Board meeting to approve Q2 financial results.
-
Closure of Trading Window
30 Sep - Closure of trading window from October 1, 2024.
Annual reports
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from nse
-
Financial Year 2013
from bse
-
Financial Year 2012
from nse
-
Financial Year 2012
from bse
Concalls
-
Oct 2024TranscriptNotesPPT
-
Jul 2024TranscriptNotesPPT
-
Apr 2024TranscriptNotesPPT
-
Apr 2024TranscriptNotesPPT
-
Jan 2024TranscriptNotesPPT
-
Oct 2023TranscriptNotesPPT
-
Jul 2023TranscriptNotesPPT
-
Apr 2023TranscriptNotesPPT
-
Jan 2023TranscriptNotesPPT
-
Oct 2022TranscriptNotesPPT
-
Jul 2022TranscriptNotesPPT
-
Apr 2022TranscriptNotesPPT
-
Jan 2022TranscriptNotesPPT
-
Oct 2021TranscriptNotesPPT
-
Jul 2021TranscriptNotesPPT
-
Apr 2021TranscriptNotesPPT
-
Jan 2021TranscriptNotesPPT
-
Oct 2020TranscriptNotesPPT
-
Jul 2020TranscriptNotesPPT
-
Apr 2020TranscriptNotesPPT
-
Feb 2020TranscriptNotesPPT
-
Jan 2020TranscriptNotesPPT
-
Oct 2019TranscriptNotesPPT
-
Jul 2019TranscriptNotesPPT
-
Apr 2019TranscriptNotesPPT
-
Jan 2019TranscriptNotesPPT
-
Nov 2018TranscriptNotesPPT
-
Aug 2018Transcript PPT
-
May 2018Transcript PPT
-
Apr 2018TranscriptNotesPPT
-
Jan 2018Transcript PPT
-
Nov 2017Transcript PPT
-
Aug 2017TranscriptNotesPPT
-
May 2017TranscriptNotesPPT
-
May 2017TranscriptNotesPPT
-
Jan 2017TranscriptNotesPPT
-
Dec 2016TranscriptNotesPPT
-
Sep 2016TranscriptNotesPPT
-
Jun 2016TranscriptNotesPPT
-
Feb 2016TranscriptNotesPPT
-
Nov 2015TranscriptNotesPPT
-
Aug 2015TranscriptNotesPPT
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]