Entertainment Network (India) Ltd

Entertainment Network (India) Ltd

₹ 272 0.48%
24 Apr 11:15 a.m.
About

Entertainment Network (India) Limited operates FM radio broadcasting stations under the brand names Mirchi, Mirchi Love, and Kool FM. It sells airtime in the Company’s FM radio broadcasting stations, activations, concerts, and monetization of the Company’s digital and other media properties for advertising. [1]

Key Points

Content Reach
The company is expanding its base by increasing its viewers and listeners through multi-platforms like FM having 38 million listeners every week; online radio stations having at least 2 million views; YouTube channels having 50 million views every month; Mirchi Music Awards having 130+ million views (in 7 languages) and lakhs of listeners on the podcast. [1]

  • Market Cap 1,299 Cr.
  • Current Price 272
  • High / Low 359 / 114
  • Stock P/E 59.7
  • Book Value 156
  • Dividend Yield 0.37 %
  • ROCE 0.69 %
  • ROE -0.55 %
  • Face Value 10.0

Pros

  • Company's working capital requirements have reduced from 37.2 days to 20.0 days

Cons

  • The company has delivered a poor sales growth of -4.82% over past five years.
  • Company has a low return on equity of -2.93% 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

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
84 99 39 69 99 99 95 103 125 105 92 113 155
64 75 58 60 63 83 90 83 115 89 79 93 112
Operating Profit 21 24 -19 9 36 17 5 20 11 16 12 20 43
OPM % 25% 24% -48% 13% 36% 17% 5% 19% 9% 15% 14% 18% 28%
31 -93 5 4 3 3 4 -14 6 6 8 6 6
Interest 5 4 4 4 4 4 4 4 4 4 4 4 4
Depreciation 24 23 20 20 20 20 19 19 20 19 19 19 19
Profit before tax 23 -96 -37 -11 15 -3 -13 -17 -7 -1 -2 3 27
Tax % 27% 32% 25% 29% 27% 18% 15% 27% -26% -27% 19% 21% 15%
17 -66 -28 -8 11 -3 -11 -13 -9 -1 -1 2 23
EPS in Rs 3.51 -13.77 -5.82 -1.66 2.30 -0.59 -2.38 -2.64 -1.86 -0.29 -0.27 0.51 4.73
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
301 338 384 438 509 556 537 620 541 267 305 420 465
201 234 260 293 350 430 420 481 417 251 263 352 372
Operating Profit 101 104 125 145 158 126 117 140 124 16 42 68 92
OPM % 33% 31% 32% 33% 31% 23% 22% 23% 23% 6% 14% 16% 20%
11 17 23 32 34 20 13 15 13 -57 16 1 25
Interest -0 0 0 0 0 14 5 4 18 18 16 15 15
Depreciation 32 32 32 33 36 54 63 67 99 95 79 77 76
Profit before tax 80 89 116 145 157 78 61 84 19 -153 -36 -24 27
Tax % 29% 24% 28% 27% 31% 30% 43% 36% 23% 29% 24% 20%
57 68 83 106 108 54 35 54 15 -109 -27 -19 22
EPS in Rs 11.85 14.20 17.51 22.23 22.64 11.43 7.38 11.31 3.05 -22.92 -5.76 -4.09 4.68
Dividend Payout % -0% 7% 6% 4% 4% 9% 14% 9% 33% -4% -17% -24%
Compounded Sales Growth
10 Years: 2%
5 Years: -5%
3 Years: -8%
TTM: 10%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 208%
Stock Price CAGR
10 Years: -3%
5 Years: -12%
3 Years: 23%
1 Year: 106%
Return on Equity
10 Years: 4%
5 Years: 0%
3 Years: -3%
Last Year: -1%

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 48 48 48 48 48 48 48 48 48 48 48 48 48
Reserves 393 455 532 627 759 807 837 885 871 757 724 700 696
-0 -0 -0 -0 250 123 104 -0 -0 -0 202 190 187
75 87 97 115 123 157 167 210 390 304 106 138 131
Total Liabilities 515 590 677 789 1,180 1,135 1,155 1,142 1,308 1,108 1,079 1,076 1,061
150 120 91 54 371 715 674 693 835 659 605 536 501
CWIP 0 -0 0 -0 357 66 63 22 1 2 1 1 0
Investments 185 318 434 550 235 115 162 146 240 232 238 283 264
180 151 151 185 217 240 256 282 232 215 236 256 296
Total Assets 515 590 677 789 1,180 1,135 1,155 1,142 1,308 1,108 1,079 1,076 1,061

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
113 86 104 95 109 104 98 120 118 30 39 89
-84 -118 -97 -89 -338 52 -65 -1 -96 8 -2 -54
-0 -0 -6 -6 231 -154 -33 -116 -41 -35 -38 -33
Net Cash Flow 29 -32 2 0 2 2 -1 3 -19 4 -1 2

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 112 107 99 105 101 106 116 108 107 156 152 113
Inventory Days
Days Payable
Cash Conversion Cycle 112 107 99 105 101 106 116 108 107 156 152 113
Working Capital Days 66 49 22 24 34 36 41 37 17 35 57 20
ROCE % 19% 18% 18% 19% 15% 7% 6% 8% 4% -7% -2% 1%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
71.15% 71.15% 71.15% 71.15% 71.15% 71.15% 71.15% 71.15% 71.15% 71.15% 71.15% 71.15%
6.20% 6.34% 5.74% 5.72% 5.70% 5.72% 5.75% 5.76% 5.80% 5.76% 5.77% 6.14%
6.18% 5.42% 5.40% 5.40% 5.40% 5.55% 5.12% 5.09% 5.09% 4.44% 4.44% 4.06%
16.47% 17.08% 17.71% 17.73% 17.75% 17.59% 17.97% 17.99% 17.96% 18.64% 18.61% 18.66%
No. of Shareholders 18,08116,02815,61815,34115,58615,56215,69715,59215,31915,58115,77718,688

* 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