Raj Television Network Ltd

Raj Television Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Raj Television Network Ltd

₹ 71.4 -0.97%
11 Dec 4:00 p.m.
rajtvnet.in BSE: 532826 NSE: RAJTV
About

Incorporated in 1994, Raj Television Network Ltd is in the business of Operating Commercial Satellite Television Channels[1]

Key Points

Business Overview:[1][2]
RTNL is the 2nd largest Television satellite broadcaster in South India. It operates 13 Channels in 5 languages viz. Tamil, Telugu, Kannada, Malayalam and Hindi. including a 1st 24 hour Tamil Movie Channel – ‘Raj Digital Plus’. Company has a library of ~1300 films ranging from different languages with subscribers of ~200 lac. It undertakes several production projects which includes self-produced and outsourced productions. Apart from this, RTNL also owns Land and building of 75,000 Sq ft in Chennai and Hyderabad

Website BSE NSE - BE
  • Market Cap ₹ 382 Cr.
  • Current Price ₹ 71.4
  • High / Low ₹ 140 / 41.5
  • Stock P/E
  • Book Value ₹ 24.6
  • Dividend Yield 0.00 %
  • ROCE 2.21 %
  • ROE 0.50 %
  • Face Value ₹ 5.00
Edit ratios

Pros

  • Company is expected to give good quarter
  • Debtor days have improved from 209 to 87.7 days.
  • Company's working capital requirements have reduced from 143 days to 83.5 days

Cons

  • Stock is trading at 2.90 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 11.4% over past five years.
  • Company has a low return on equity of 0.67% 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.

Peer comparison

Sector: Entertainment Industry: Entertainment / Electronic Media Software

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
16.99 17.84 19.18 14.85 14.59 16.67 38.68 27.27 23.45 39.54 16.20 25.43 35.93
16.10 19.83 5.49 12.20 14.58 16.42 35.90 25.73 22.34 39.09 14.46 43.53 34.43
Operating Profit 0.89 -1.99 13.69 2.65 0.01 0.25 2.78 1.54 1.11 0.45 1.74 -18.10 1.50
OPM % 5.24% -11.15% 71.38% 17.85% 0.07% 1.50% 7.19% 5.65% 4.73% 1.14% 10.74% -71.18% 4.17%
0.02 0.00 0.33 0.03 0.03 0.40 0.21 0.03 0.02 0.12 0.21 0.05 0.00
Interest 1.72 0.57 0.90 0.82 0.78 0.75 0.73 0.71 0.64 0.60 0.56 1.18 1.03
Depreciation 1.71 1.71 1.75 1.71 -0.44 0.28 0.09 0.46 0.46 0.46 0.13 0.38 0.38
Profit before tax -2.52 -4.27 11.37 0.15 -0.30 -0.38 2.17 0.40 0.03 -0.49 1.26 -19.61 0.09
Tax % -1.98% -1.17% 4.31% 26.67% -26.67% -34.21% 30.41% 37.50% 33.33% -6.12% 21.43% -13.92% 22.22%
-2.47 -4.22 10.88 0.11 -0.22 -0.24 1.51 0.25 0.02 -0.46 0.99 -16.88 0.07
EPS in Rs -0.48 -0.81 2.10 0.02 -0.04 -0.05 0.29 0.05 0.00 -0.09 0.19 -3.25 0.01
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
75 79 82 82 61 62 62 59 78 69 85 106 117
58 56 58 77 54 51 49 48 65 57 79 102 132
Operating Profit 18 23 24 5 8 10 14 11 13 12 6 5 -14
OPM % 24% 30% 30% 6% 12% 17% 22% 19% 16% 17% 7% 5% -12%
-1 1 1 0 1 2 1 0 0 0 1 0 0
Interest 4 5 6 5 5 5 5 4 6 4 3 3 3
Depreciation 4 4 6 7 7 7 6 7 7 7 2 2 1
Profit before tax 10 16 13 -5 -3 0 4 0 0 1 2 1 -19
Tax % 4% 19% 37% 13% 57% 3,525% -50% 94% 61% 19% 32% 33%
9 13 8 -6 -5 -1 5 0 0 1 1 1 -16
EPS in Rs 1.79 2.49 1.57 -1.17 -0.92 -0.26 1.04 0.00 0.03 0.21 0.22 0.16 -3.14
Dividend Payout % 14% 20% 32% -21% 0% 0% 10% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 3%
5 Years: 11%
3 Years: 11%
TTM: 10%
Compounded Profit Growth
10 Years: -25%
5 Years: -33%
3 Years: 77%
TTM: -1157%
Stock Price CAGR
10 Years: -4%
5 Years: 11%
3 Years: 23%
1 Year: 35%
Return on Equity
10 Years: 0%
5 Years: 0%
3 Years: 1%
Last Year: 1%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 13 26 26 26 26 26 26 26 26 26 26 26 26
Reserves 90 131 129 122 112 111 116 115 116 117 118 119 102
21 44 30 34 41 43 36 35 23 24 25 23 30
16 15 15 21 8 10 13 22 34 23 33 16 29
Total Liabilities 139 217 200 203 187 189 191 199 198 190 201 183 187
64 114 103 99 114 109 110 110 104 98 120 118 118
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 1 1 0 0 0 0 0 0 0 0 0 0 0
74 101 97 105 73 80 81 89 94 92 82 65 69
Total Assets 139 217 200 203 187 189 191 199 198 190 201 183 187

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
21 -8 15 4 -12 12 19 17 8 3 31 4
-16 -10 -1 -2 -11 -2 -7 -7 -0 -1 -24 0
-5 16 -20 0 19 -10 -12 -10 -7 -3 -7 -4
Net Cash Flow -1 -1 -5 2 -3 0 0 0 0 -0 -0 0

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 207 268 275 293 257 290 309 333 281 306 232 88
Inventory Days
Days Payable
Cash Conversion Cycle 207 268 275 293 257 290 309 333 281 306 232 88
Working Capital Days 156 264 280 289 219 249 213 206 191 250 96 83
ROCE % 13% 13% 10% -0% 1% 3% 5% 3% 4% 3% 3% 2%

Shareholding Pattern

Numbers in percentages

14 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
71.42% 71.42% 71.42% 71.42% 71.42% 71.42% 71.42% 71.42% 71.23% 71.20% 71.01% 70.95%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.05%
28.58% 28.58% 28.58% 28.57% 28.57% 28.58% 28.58% 28.57% 28.77% 28.81% 28.99% 29.01%
No. of Shareholders 7,9177,9337,9167,7287,6637,6107,6207,5227,3567,4236,7398,857

* 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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