Raj Television Network Ltd

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

Raj Television Network Ltd

₹ 75.4 4.94%
25 Apr - close price
rajtvnet.in BSE: 532826 NSE - BE : 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 ₹ 391 Cr.
  • Current Price ₹ 75.4
  • High / Low ₹ 75.6 / 42.0
  • Stock P/E 297
  • Book Value ₹ 27.7
  • Dividend Yield 0.00 %
  • ROCE 3.03 %
  • ROE 0.76 %
  • Face Value ₹ 5.00
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Pros

  • Company is expected to give good quarter
  • Company's working capital requirements have reduced from 179 days to 95.6 days

Cons

  • Stock is trading at 2.72 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 6.61% over past five years.
  • Company has a low return on equity of 0.54% over last 3 years.
  • Company has high debtors of 232 days.

* 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

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
16.77 30.57 15.26 16.99 17.84 19.18 14.85 14.59 16.67 38.68 27.27 23.45 39.54
16.99 17.56 15.77 16.10 19.83 5.49 12.20 14.58 16.42 35.90 25.73 22.34 39.09
Operating Profit -0.22 13.01 -0.51 0.89 -1.99 13.69 2.65 0.01 0.25 2.78 1.54 1.11 0.45
OPM % -1.31% 42.56% -3.34% 5.24% -11.15% 71.38% 17.85% 0.07% 1.50% 7.19% 5.65% 4.73% 1.14%
0.23 -0.02 0.03 0.02 -0.00 0.33 0.03 0.03 0.40 0.21 0.03 0.02 0.12
Interest 1.41 2.43 1.06 1.72 0.57 0.90 0.82 0.78 0.75 0.73 0.71 0.64 0.60
Depreciation 1.73 1.71 1.71 1.71 1.71 1.75 1.71 -0.44 0.28 0.09 0.46 0.46 0.46
Profit before tax -3.13 8.85 -3.25 -2.52 -4.27 11.37 0.15 -0.30 -0.38 2.17 0.40 0.03 -0.49
Tax % -15.02% -12.99% 2.77% 1.98% 1.17% 4.31% 26.67% 26.67% 34.21% 30.41% 37.50% 33.33% 6.12%
-3.60 10.00 -3.15 -2.47 -4.22 10.88 0.11 -0.22 -0.24 1.51 0.25 0.02 -0.46
EPS in Rs -0.69 1.93 -0.61 -0.48 -0.81 2.10 0.02 -0.04 -0.05 0.29 0.05 0.00 -0.09
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
60 75 79 82 82 61 62 62 59 78 69 85 129
46 58 56 58 77 54 51 49 48 65 57 79 123
Operating Profit 14 18 23 24 5 8 10 14 11 13 12 6 6
OPM % 24% 24% 30% 30% 6% 12% 17% 22% 19% 16% 17% 7% 5%
1 -1 1 1 0 1 2 1 0 0 0 1 0
Interest 2 4 5 6 5 5 5 5 4 6 4 3 3
Depreciation 3 4 4 6 7 7 7 6 7 7 7 2 1
Profit before tax 10 10 16 13 -5 -3 0 4 0 0 1 2 2
Tax % 6% 4% 19% 37% -13% -57% 3,525% -50% 94% 61% 19% 32%
9 9 13 8 -6 -5 -1 5 0 0 1 1 1
EPS in Rs 1.77 1.79 2.49 1.57 -1.17 -0.92 -0.26 1.04 0.00 0.03 0.21 0.22 0.25
Dividend Payout % 14% 14% 20% 32% -21% -0% -0% 10% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: 1%
5 Years: 7%
3 Years: 13%
TTM: 97%
Compounded Profit Growth
10 Years: -20%
5 Years: 89%
3 Years: 378%
TTM: -87%
Stock Price CAGR
10 Years: -5%
5 Years: 15%
3 Years: 27%
1 Year: 70%
Return on Equity
10 Years: 1%
5 Years: 1%
3 Years: 1%
Last Year: 1%

Balance Sheet

Figures in Rs. Crores

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 13 13 26 26 26 26 26 26 26 26 26 26 26
Reserves 82 90 131 129 122 112 111 116 115 116 117 118 118
17 21 44 30 34 41 43 36 35 23 24 20 21
14 16 15 15 21 8 10 13 22 34 23 37 15
Total Liabilities 126 139 217 200 203 187 189 191 199 198 190 201 180
53 64 114 103 99 114 109 110 110 104 98 120 119
CWIP -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
Investments 1 1 1 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
72 74 101 97 105 73 80 81 89 94 92 82 61
Total Assets 126 139 217 200 203 187 189 191 199 198 190 201 180

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
11 21 -8 15 4 -12 12 19 17 8 3 31
-11 -16 -10 -1 -2 -11 -2 -7 -7 -0 -1 -24
7 -5 16 -20 0 19 -10 -12 -10 -7 -3 -7
Net Cash Flow 7 -1 -1 -5 2 -3 0 0 0 0 -0 -0

Ratios

Figures in Rs. Crores

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 228 207 268 275 293 257 290 309 333 281 306 232
Inventory Days
Days Payable
Cash Conversion Cycle 228 207 268 275 293 257 290 309 333 281 306 232
Working Capital Days 230 156 264 280 289 219 249 213 206 191 250 96
ROCE % 11% 13% 13% 10% -0% 1% 3% 5% 3% 4% 3% 3%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
71.40% 71.42% 71.42% 71.42% 71.42% 71.42% 71.42% 71.42% 71.42% 71.42% 71.23% 71.20%
28.60% 28.58% 28.58% 28.58% 28.58% 28.57% 28.57% 28.58% 28.58% 28.57% 28.77% 28.81%
No. of Shareholders 7,2427,8937,9177,9337,9167,7287,6637,6107,6207,5227,3567,423

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