Radaan Mediaworks (I) Ltd

Radaan Mediaworks (I) Ltd

₹ 1.55 -3.13%
18 Apr - close price
About

Incorporated in 1998, Radaan Mediaworks
India Limited is a media and entertainment company engaged in the production of TV / digital content / feature films, conducting of shows / events, etc.

Key Points

Business Profile:[1][2]
Company and it’s subsidiary are primarily into television content production, majorly operating in southern regional languages. Company operates both on sponsorship and commissioned model of content production but prefers sponsorship model so that IP rights can be retained for future use in other platforms. Company pipelines original programs for digital streaming, both in-house and third party platforms. Company depends on relationships with broadcasting channels (mainly with SUN TV Network), marketing agencies and other industry participants to produce television content. Company generates revenues from sale of advertising spots during telecast of programs.

  • Market Cap 8.19 Cr.
  • Current Price 1.55
  • High / Low 2.60 / 1.16
  • Stock P/E
  • Book Value -2.60
  • Dividend Yield 0.00 %
  • ROCE 3.37 %
  • ROE %
  • Face Value 2.00

Pros

  • Debtor days have improved from 69.8 to 31.6 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -16.2% over past five years.
  • Contingent liabilities of Rs.14.6 Cr.
  • Promoters have pledged 98.7% of their holding.

* 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
4.14 3.41 1.34 1.63 1.86 5.07 1.32 1.97 3.23 5.91 2.08 3.33 4.06
4.77 4.71 1.87 2.41 2.21 6.80 2.11 2.51 3.98 3.05 2.34 4.17 4.33
Operating Profit -0.63 -1.30 -0.53 -0.78 -0.35 -1.73 -0.79 -0.54 -0.75 2.86 -0.26 -0.84 -0.27
OPM % -15.22% -38.12% -39.55% -47.85% -18.82% -34.12% -59.85% -27.41% -23.22% 48.39% -12.50% -25.23% -6.65%
0.00 0.00 0.00 0.00 1.22 0.05 0.00 0.01 0.00 0.00 0.00 0.02 0.02
Interest 0.37 0.40 0.40 0.53 0.52 0.50 0.51 0.58 0.69 0.66 0.71 0.76 0.85
Depreciation 0.12 0.12 0.08 0.11 0.05 0.02 0.02 0.02 0.02 0.01 0.02 0.01 0.02
Profit before tax -1.12 -1.82 -1.01 -1.42 0.30 -2.20 -1.32 -1.13 -1.46 2.19 -0.99 -1.59 -1.12
Tax % -6.25% 14.29% -0.99% -0.70% 0.00% 0.91% 0.76% 0.88% 0.68% -0.46% 1.01% -0.63% 0.00%
-1.18 -1.56 -1.02 -1.43 0.30 -2.18 -1.32 -1.12 -1.45 2.19 -0.98 -1.60 -1.11
EPS in Rs -0.22 -0.29 -0.19 -0.26 0.06 -0.40 -0.24 -0.21 -0.27 0.40 -0.18 -0.30 -0.20
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
39.91 32.27 29.78 35.54 32.40 30.81 29.12 28.04 10.16 9.35 9.89 12.03 15.38
36.31 29.85 27.46 32.62 29.68 28.26 26.70 34.22 17.03 14.78 13.27 11.26 13.89
Operating Profit 3.60 2.42 2.32 2.92 2.72 2.55 2.42 -6.18 -6.87 -5.43 -3.38 0.77 1.49
OPM % 9.02% 7.50% 7.79% 8.22% 8.40% 8.28% 8.31% -22.04% -67.62% -58.07% -34.18% 6.40% 9.69%
0.22 0.64 0.33 -0.03 0.13 0.15 0.18 0.13 -0.10 0.00 1.28 0.00 0.04
Interest 0.66 1.13 1.13 1.09 1.28 1.09 1.13 1.20 1.25 1.52 1.96 2.43 2.98
Depreciation 1.51 1.02 0.62 0.64 0.63 0.51 0.59 0.51 0.56 0.48 0.26 0.07 0.06
Profit before tax 1.65 0.91 0.90 1.16 0.94 1.10 0.88 -7.76 -8.78 -7.43 -4.32 -1.73 -1.51
Tax % -2.42% -15.38% -14.44% 1.72% 5.32% 5.45% 13.64% -2.58% -0.46% 0.67% -0.23% 1.73%
1.69 1.05 1.03 1.14 0.90 1.04 0.75 -7.97 -8.82 -7.37 -4.33 -1.70 -1.50
EPS in Rs 0.31 0.19 0.19 0.21 0.17 0.19 0.14 -1.47 -1.63 -1.36 -0.80 -0.31 -0.28
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -9%
5 Years: -16%
3 Years: 6%
TTM: 33%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 22%
TTM: 75%
Stock Price CAGR
10 Years: 8%
5 Years: -12%
3 Years: 25%
1 Year: -26%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

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 10.83 10.83 10.83 10.83 10.83 10.83 10.83 10.83 10.83 10.83 10.83 10.83 10.83
Reserves 5.10 6.15 7.18 8.18 9.08 7.12 7.84 -0.13 -8.95 -16.32 -20.65 -22.35 -24.92
5.43 6.72 7.12 5.99 7.84 8.61 7.28 16.13 18.04 24.16 29.39 34.05 37.35
8.87 9.35 7.91 7.46 9.11 7.66 7.34 8.46 8.89 10.38 7.23 11.60 14.14
Total Liabilities 30.23 33.05 33.04 32.46 36.86 34.22 33.29 35.29 28.81 29.05 26.80 34.13 37.40
4.08 3.53 3.11 3.12 2.63 2.05 2.31 1.88 1.33 0.88 0.59 0.52 0.52
CWIP 0.12 0.00 0.00 0.00 0.00 0.84 0.00 11.16 12.07 14.99 16.51 17.48 17.99
Investments 0.75 0.75 0.84 0.84 0.84 0.82 0.82 0.82 0.82 0.82 0.82 0.82 0.82
25.28 28.77 29.09 28.50 33.39 30.51 30.16 21.43 14.59 12.36 8.88 15.31 18.07
Total Assets 30.23 33.05 33.04 32.46 36.86 34.22 33.29 35.29 28.81 29.05 26.80 34.13 37.40

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
-1.47 -0.07 3.44 0.49 -0.72 1.08 2.51 1.81 -0.33 -1.41 -1.75 -1.48
-0.41 -0.31 -0.28 -0.92 -0.14 -0.77 -0.06 -9.23 -0.53 -2.95 -1.48 -0.68
1.26 0.01 -0.63 -2.22 0.57 -0.32 -2.46 7.65 0.76 4.37 3.14 2.23
Net Cash Flow -0.62 -0.37 2.53 -2.64 -0.29 -0.01 -0.01 0.23 -0.10 0.00 -0.09 0.07

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 66.67 107.45 83.22 85.34 101.16 72.27 82.73 66.26 70.41 103.45 74.55 31.55
Inventory Days 33.87
Days Payable 1,373.45
Cash Conversion Cycle 66.67 107.45 83.22 85.34 101.16 72.27 82.73 66.26 70.41 -1,236.14 74.55 31.55
Working Capital Days 70.97 117.63 83.10 89.97 135.41 129.84 125.72 11.19 -105.26 -244.76 -104.07 48.85
ROCE % 11.09% 9.85% 8.27% 9.46% 8.42% 8.06% 7.66% -24.90% -31.70% -30.63% -12.34% 3.37%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
51.42% 51.42% 51.42% 51.42% 51.42% 51.42% 51.42% 51.42% 51.42% 51.42% 51.42% 51.42%
0.28% 0.28% 0.28% 0.28% 0.28% 0.28% 0.28% 0.28% 0.28% 0.28% 0.28% 0.28%
48.30% 48.30% 48.30% 48.30% 48.30% 48.30% 48.29% 48.30% 48.30% 48.31% 48.30% 48.29%
No. of Shareholders 11,34812,17213,55613,91814,39714,76814,51014,39914,20115,35315,25617,323

* 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.

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