Entertainment Network (India) Ltd

Entertainment Network (India) Ltd

₹ 340 1.17%
23 Feb - close price
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 1,622 Cr.
  • Current Price 340
  • High / Low 351 / 110
  • Stock P/E 63.8
  • Book Value 156
  • Dividend Yield 0.29 %
  • ROCE 0.58 %
  • ROE -1.38 %
  • Face Value 10.0

Pros

  • Debtor days have improved from 138 to 110 days.
  • Company's working capital requirements have reduced from 33.8 days to 19.3 days

Cons

  • The company has delivered a poor sales growth of -3.91% over past five years.
  • Company has a low return on equity of -3.76% 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

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
86 100 42 73 104 103 99 109 134 109 96 117 161
65 76 60 63 66 85 93 88 121 92 81 96 115
Operating Profit 21 24 -18 10 37 17 6 21 12 17 16 22 46
OPM % 24% 24% -43% 13% 36% 17% 6% 19% 9% 15% 16% 19% 29%
33 -93 6 4 4 3 4 2 9 5 9 6 6
Interest 5 4 4 5 5 4 4 5 4 4 4 4 4
Depreciation 25 24 22 23 22 22 21 23 23 20 19 20 20
Profit before tax 25 -97 -39 -14 14 -6 -16 -5 -6 -2 1 4 28
Tax % 26% 31% 24% 23% 28% 10% 13% 90% -29% -12% -17% 17% 14%
18 -66 -29 -11 10 -5 -14 -1 -8 -3 1 3 24
EPS in Rs 3.86 -13.90 -6.18 -2.27 2.16 -1.05 -2.86 -0.13 -1.77 -0.58 0.24 0.69 5.01
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
311 340 384 438 509 556 537 621 548 272 319 440 483
211 235 260 293 350 430 420 482 423 256 274 369 383
Operating Profit 100 104 125 145 158 126 117 139 125 16 45 71 100
OPM % 32% 31% 32% 33% 31% 23% 22% 22% 23% 6% 14% 16% 21%
12 17 23 32 35 20 13 16 13 -53 14 16 26
Interest 0 0 0 0 0 14 5 4 19 19 17 17 15
Depreciation 33 32 32 33 36 54 63 67 104 99 87 85 79
Profit before tax 79 90 116 145 157 79 62 84 15 -155 -45 -15 31
Tax % 29% 24% 28% 27% 31% 30% 43% 36% 29% 29% 20% 30%
56 68 84 106 109 55 36 54 11 -110 -36 -11 26
EPS in Rs 11.77 14.33 17.54 22.23 22.76 11.57 7.48 11.31 2.25 -23.18 -7.61 -2.26 5.36
Dividend Payout % 0% 7% 6% 4% 4% 9% 13% 9% 45% -4% -13% -44%
Compounded Sales Growth
10 Years: 3%
5 Years: -4%
3 Years: -7%
TTM: 9%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 200%
Stock Price CAGR
10 Years: -1%
5 Years: -8%
3 Years: 29%
1 Year: 170%
Return on Equity
10 Years: 4%
5 Years: -1%
3 Years: -4%
Last Year: -1%

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 48 48 48 48 48 48 48 48 48 48 48 48 48
Reserves 391 455 533 627 761 810 840 888 870 754 713 698 697
0 0 0 0 250 123 104 0 0 0 235 197 192
83 86 96 115 123 157 167 210 403 310 110 145 136
Total Liabilities 521 588 676 789 1,182 1,138 1,158 1,145 1,321 1,112 1,106 1,087 1,074
150 120 91 53 371 715 674 693 847 666 641 545 509
CWIP 0 0 0 0 357 66 63 22 1 2 1 1 0
Investments 184 315 433 550 237 117 165 145 236 223 217 263 244
188 153 152 186 217 240 256 285 237 222 248 277 320
Total Assets 521 588 676 789 1,182 1,138 1,158 1,145 1,321 1,112 1,106 1,087 1,074

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
117 83 105 95 109 104 106 119 119 31 40 93
-88 -115 -98 -89 -338 52 -74 2 -92 13 6 -40
0 -0 -6 -6 231 -154 -33 -116 -46 -37 -45 -43
Net Cash Flow 29 -32 2 0 2 2 -1 6 -20 6 1 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 109 107 99 105 101 106 116 108 107 153 150 110
Inventory Days
Days Payable
Cash Conversion Cycle 109 107 99 105 101 106 116 108 107 153 150 110
Working Capital Days 62 51 23 24 34 35 41 37 13 27 55 19
ROCE % 19% 18% 18% 19% 15% 8% 6% 8% 3% -8% -3% 1%

Shareholding Pattern

Numbers in percentages

4 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
71.15% 71.15% 71.15% 71.15% 71.15% 71.15% 71.15% 71.15% 71.15% 71.15% 71.15% 71.15%
6.78% 6.20% 6.34% 5.74% 5.72% 5.70% 5.72% 5.75% 5.76% 5.80% 5.76% 5.77%
6.99% 6.18% 5.42% 5.40% 5.40% 5.40% 5.55% 5.12% 5.09% 5.09% 4.44% 4.44%
15.07% 16.47% 17.08% 17.71% 17.73% 17.75% 17.59% 17.97% 17.99% 17.96% 18.64% 18.61%
No. of Shareholders 13,80018,08116,02815,61815,34115,58615,56215,69715,59215,31915,58115,777

* 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