New Delhi Television Ltd

About

New Delhi Television Ltd is engaged in the business of television media and currently operates three channels including a dual channel (NDTV 24x7, NDTV India and NDTV Profit).

  • Market Cap 496 Cr.
  • Current Price 77.1
  • High / Low 106 / 36.6
  • Stock P/E 6.66
  • Book Value 27.9
  • Dividend Yield 0.00 %
  • ROCE 52.7 %
  • ROE 60.0 %
  • Face Value 4.00

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 27.05% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 41.08%

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -8.77% over past five years.
  • Earnings include an other income of Rs.62.10 Cr.
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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
103 102 110 77 94 93 73 94 106 85 85 91
86 85 84 78 77 82 57 67 75 86 69 77
Operating Profit 17 17 25 -1 17 10 16 28 31 -1 16 15
OPM % 16% 17% 23% -1% 18% 11% 22% 29% 29% -2% 19% 16%
Other Income 4 9 4 2 5 9 1 5 4 40 11 7
Interest 7 8 7 7 6 6 5 5 5 8 4 3
Depreciation 3 3 3 3 3 3 3 2 2 3 5 5
Profit before tax 11 16 20 -9 13 12 9 26 27 28 18 14
Tax % 24% 19% 16% -11% 8% 20% 19% 20% 17% 14% 9% 10%
Net Profit 7 12 15 -10 11 8 7 18 20 26 16 12
EPS in Rs 1.13 1.84 2.37 -1.59 1.74 1.24 1.07 2.73 3.15 4.05 2.48 1.87

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
591 425 483 527 459 571 566 490 426 399 373 358 367
1,328 494 535 520 524 553 600 532 465 358 322 283 307
Operating Profit -737 -69 -52 7 -65 18 -34 -42 -40 41 52 74 60
OPM % -125% -16% -11% 1% -14% 3% -6% -9% -9% 10% 14% 21% 16%
Other Income 945 -49 16 53 36 7 11 4 2 19 20 49 62
Interest 54 24 22 23 20 21 21 22 21 28 25 23 20
Depreciation 36 31 28 28 27 25 25 18 15 12 11 10 14
Profit before tax 117 -174 -86 9 -76 -21 -68 -78 -74 21 36 90 87
Tax % 4% -3% -10% 93% -11% -119% -11% -10% -15% 45% 21% 17%
Net Profit 118 -174 -87 2 -81 -44 -55 -80 -80 10 24 71 74
EPS in Rs 18.25 -26.97 -13.55 0.30 -12.59 -6.83 -8.50 -12.47 -12.41 1.59 3.76 11.00 11.55
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -2%
5 Years: -9%
3 Years: -6%
TTM: 4%
Compounded Profit Growth
10 Years: 11%
5 Years: 27%
3 Years: 44%
TTM: 70%
Stock Price CAGR
10 Years: 7%
5 Years: 1%
3 Years: 30%
1 Year: 81%
Return on Equity
10 Years: -27%
5 Years: -10%
3 Years: 41%
Last Year: 60%

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
26 26 26 26 26 26 26 26 26 26 26 26 26
Reserves 416 242 167 170 90 48 56 77 23 40 62 126 154
Borrowings 484 191 216 224 188 188 158 170 191 158 121 75 52
137 310 318 280 304 324 309 205 263 270 285 228 201
Total Liabilities 1,063 769 726 700 608 586 548 478 503 493 494 454 433
266 182 184 140 111 98 87 78 65 58 64 60 71
CWIP 5 0 1 3 1 1 2 0 1 0 0 0 1
Investments 504 55 19 19 18 10 12 13 20 23 10 42 30
289 531 523 538 478 478 448 386 418 413 419 351 331
Total Assets 1,063 769 726 700 608 586 548 478 503 493 494 454 433

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
-205 -49 -52 -76 1 -19 -3 -7 41 27 16 43
263 12 -5 -147 60 59 -17 9 5 -15 74 9
-106 92 20 -7 -56 -22 -6 -6 2 -58 -72 -72
Net Cash Flow -47 56 -38 -230 5 19 -25 -4 49 -47 18 -21

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 80 125 105 131 121 118 95 114 121 124 144 108
Inventory Days
Days Payable
Cash Conversion Cycle 80 125 105 131 121 118 95 114 121 124 144 108
Working Capital Days 53 82 81 121 104 105 73 81 27 51 72 10
ROCE % -31% -10% -13% 1% -20% 3% -19% -19% -17% 22% 26% 53%

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
61.45 61.45 61.45 61.45 61.45 61.45 61.45 61.45 61.45 61.45 61.45 61.45
14.17 14.17 14.17 14.17 14.17 14.17 14.17 14.17 14.17 14.17 14.17 14.53
0.00 0.00 0.00 0.00 0.02 0.01 0.01 0.00 0.00 0.00 0.00 0.00
24.38 24.38 24.38 24.38 24.36 24.38 24.38 24.38 24.38 24.38 24.38 24.03

Documents