Hindustan Media Ventures Ltd

About

Hindustan Media Ventures is engaged in the business of Printing and Publication of Newspapers and Periodicals.

  • Market Cap 514 Cr.
  • Current Price 69.8
  • High / Low 107 / 49.0
  • Stock P/E 8.16
  • Book Value 216
  • Dividend Yield 0.00 %
  • ROCE 5.68 %
  • ROE 4.51 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.32 times its book value
  • Market value of investments Rs.1227.34 Cr. is more than the Market Cap Rs.513.86 Cr.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -9.88% over past five years.
  • Company has a low return on equity of 6.70% for last 3 years.
  • Earnings include an other income of Rs.104.56 Cr.
  • Dividend payout has been low at 2.71% of profits over last 3 years
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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
221 213 218 193 208 177 90 131 163 162 109 163
209 205 184 173 178 162 117 142 144 136 142 161
Operating Profit 12 8 34 20 30 15 -27 -10 18 26 -33 3
OPM % 6% 4% 16% 10% 14% 8% -30% -8% 11% 16% -30% 2%
Other Income 32 28 21 29 28 31 49 24 31 13 21 40
Interest 5 3 2 2 2 3 3 3 2 2 2 2
Depreciation 6 6 6 9 8 8 8 8 7 7 8 8
Profit before tax 33 28 48 38 47 35 12 3 40 30 -22 32
Tax % 17% 33% 19% 47% 31% 21% 4% -43% 13% 26% -1% 0%
Net Profit 28 19 39 19 32 26 10 4 34 21 -24 31
EPS in Rs 3.76 2.60 5.29 2.65 4.36 3.52 1.40 0.51 4.65 2.86 -3.20 4.23

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
918 933 880 867 796 545 597
656 728 699 821 696 538 583
Operating Profit 262 206 181 46 99 7 13
OPM % 29% 22% 21% 5% 12% 1% 2%
Other Income 33 92 92 88 109 117 105
Interest 11 16 11 18 9 9 8
Depreciation 22 20 20 21 31 30 30
Profit before tax 262 261 243 96 168 85 80
Tax % 32% 26% 24% -13% 29% 14%
Net Profit 179 190 175 108 116 69 63
EPS in Rs 24.35 25.82 23.88 14.77 15.79 9.43 8.54
Dividend Payout % 5% 5% 5% 8% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -10%
3 Years: -15%
TTM: -2%
Compounded Profit Growth
10 Years: %
5 Years: -19%
3 Years: -26%
TTM: -13%
Stock Price CAGR
10 Years: -6%
5 Years: -24%
3 Years: -19%
1 Year: 22%
Return on Equity
10 Years: %
5 Years: 10%
3 Years: 7%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
73 73 73 73 74 74 74
Reserves 837 1,093 1,258 1,340 1,440 1,511 1,519
Borrowings 173 117 116 75 136 88 140
200 183 203 245 271 435 422
Total Liabilities 1,283 1,467 1,650 1,733 1,921 2,108 2,155
247 245 230 301 330 330 322
CWIP 3 4 10 12 10 16 14
Investments 795 995 1,114 1,071 1,183 1,416 1,474
239 223 296 350 399 346 346
Total Assets 1,283 1,467 1,650 1,733 1,921 2,108 2,155

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
164 143 122 57 51 203
-213 -68 -81 13 -96 -146
54 -81 -23 -70 -7 -52
Net Cash Flow 5 -7 18 -0 -52 5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 47 45 58 70 77 85
Inventory Days 51 49 50 40 60 114
Days Payable 98 95 100 98 110 206
Cash Conversion Cycle -0 -0 8 12 27 -8
Working Capital Days 1 7 16 3 8 -130
ROCE % 23% 19% 8% 11% 6%

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
74.30 74.30 74.30 74.30 74.40 74.40 74.40 74.40 74.40 74.40 74.40 74.40
15.27 14.60 14.57 14.50 14.45 14.39 13.80 13.77 13.76 13.76 3.95 3.62
1.02 1.01 1.26 1.08 1.07 1.04 1.04 1.04 0.59 0.20 0.20 0.20
9.10 9.77 9.56 9.81 9.77 9.86 10.45 10.49 10.94 11.33 21.14 21.47
0.31 0.31 0.31 0.31 0.31 0.31 0.31 0.31 0.31 0.31 0.31 0.31

Documents