Eros International Media Ltd

About

Eros International Media is a global player within the Indian media and entertainment industry and is primarily engaged in the business of film production, exploitation and distribution. It operates on a vertically integrated studio model controlling content as well as distribution and exploitation across multiple formats globally, including cinema, digital, home entertainment and television syndication.

  • Market Cap 182 Cr.
  • Current Price 19.0
  • High / Low 37.0 / 16.4
  • Stock P/E
  • Book Value 104
  • Dividend Yield 0.00 %
  • ROCE -2.63 %
  • ROE -13.9 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.18 times its book value

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -11.90%
  • The company has delivered a poor sales growth of -30.21% over past five years.
  • Company has a low return on equity of -23.72% for last 3 years.
  • Contingent liabilities of Rs.565.73 Cr.
  • Promoters have pledged 51.34% of their holding.
  • Company has high debtors of 666.97 days.
  • Company's cost of borrowing seems high
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
296 225 184 200 275 155 42 53 60 108 20 64
237 163 151 184 245 333 63 79 80 200 57 112
Operating Profit 59 62 33 17 30 -178 -21 -27 -20 -93 -38 -49
OPM % 20% 28% 18% 8% 11% -115% -51% -51% -33% -86% -192% -77%
Other Income 36 39 27 20 15 -1,494 18 54 21 11 20 42
Interest 16 24 18 18 18 16 23 31 28 24 24 6
Depreciation 3 2 3 3 3 4 3 2 3 3 2 2
Profit before tax 77 74 39 15 23 -1,693 -29 -6 -29 -109 -44 -15
Tax % 19% 10% 31% 28% 35% 14% 2% 28% 5% -11% 2% 14%
Net Profit 63 70 28 12 16 -1,461 -28 -2 -28 -122 -41 -13
EPS in Rs 6.61 7.30 2.89 1.25 1.69 -152.78 -2.98 -0.25 -2.87 -12.71 -4.26 -1.35

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
641 707 944 1,068 1,135 1,421 1,583 1,400 960 1,031 814 262 251
528 550 730 839 835 1,073 1,261 1,059 632 735 913 423 450
Operating Profit 113 157 214 228 300 349 321 341 328 296 -99 -161 -199
OPM % 18% 22% 23% 21% 26% 25% 20% 24% 34% 29% -12% -61% -79%
Other Income 16 12 26 4 10 21 44 45 50 108 -1,433 104 94
Interest 13 13 22 9 38 40 35 55 81 77 71 106 83
Depreciation 4 4 6 6 5 7 9 10 10 9 12 10 9
Profit before tax 112 152 212 217 267 323 321 322 287 318 -1,615 -173 -197
Tax % 26% 22% 30% 28% 28% 24% 25% 24% 20% 16% 13% -5%
Net Profit 82 117 148 155 200 247 239 257 229 269 -1,405 -180 -203
EPS in Rs 12.83 16.12 16.81 21.71 26.71 25.50 27.43 24.15 28.17 -146.94 -18.80 -21.19
Dividend Payout % 0% 0% 0% 9% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -9%
5 Years: -30%
3 Years: -35%
TTM: -52%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 86%
Stock Price CAGR
10 Years: -22%
5 Years: -36%
3 Years: -41%
1 Year: -12%
Return on Equity
10 Years: 1%
5 Years: -9%
3 Years: -24%
Last Year: -14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
71 91 92 92 92 92 94 94 95 96 96 96 96
Reserves 165 579 743 895 1,117 1,390 1,652 1,915 2,148 2,477 1,151 944 903
Borrowings 218 275 448 403 433 491 364 652 690 592 549 524 504
551 420 409 413 552 1,295 1,391 1,015 854 1,042 702 850 849
Total Liabilities 1,005 1,365 1,692 1,803 2,193 3,269 3,501 3,676 3,787 4,206 2,497 2,414 2,351
272 332 529 792 1,041 1,214 2,609 2,701 2,633 2,565 920 737 863
CWIP 0 447 428 439 579 1,018 32 26 71 91 89 178 0
Investments 8 155 52 8 8 0 0 0 0 0 0 0 0
725 431 683 564 566 1,036 859 949 1,083 1,551 1,488 1,499 1,488
Total Assets 1,005 1,365 1,692 1,803 2,193 3,269 3,501 3,676 3,787 4,206 2,497 2,414 2,351

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
330 427 406 648 872 933 1,170 235 235 402 51 292
-256 -552 -676 -668 -787 -1,076 -985 -500 -194 -234 108 -167
-2 333 159 -64 7 33 -187 238 -33 -177 -154 -110
Net Cash Flow 71 208 -111 -84 92 -110 -1 -27 8 -8 5 15

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 74 69 95 73 66 135 92 136 266 281 248 667
Inventory Days 9
Days Payable 770
Cash Conversion Cycle 74 69 95 73 66 135 -668 136 266 281 248 667
Working Capital Days 69 -42 19 21 -27 -79 -165 -25 56 29 -19 -123
ROCE % 30% 23% 20% 17% 20% 20% 17% 16% 13% 13% 0% -3%

Shareholding Pattern

Numbers in percentages

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
61.35 62.39 62.39 62.39 62.31 62.31 62.31 62.24 62.24 62.15 60.90 49.00
6.09 6.14 7.03 2.70 4.47 0.42 2.99 5.92 8.25 11.30 7.92 7.91
0.00 0.00 0.30 0.09 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.01
32.56 31.48 30.29 34.82 33.21 37.27 34.70 31.83 29.50 26.53 31.17 43.08

Documents