Sandesh Ltd

₹ 763 -0.80%
23 Sep - close price
About

Sandesh Ltd belongs to the Regional Print Media Industry and is a publisher of “SANDESH” a premier Gujarati daily newspaper. [1]

Key Points

Business Offerings
Sandesh Newspaper: Published from Gujarat, Sandesh is the largest Gujarati media company with 6 editions across Gujarat.
Sandesh Television: The 24x7 Gujarati News Channel, Sandesh News reaches out to the mostl Gujarati Audience through 100 plus reporters.
Sandesh Digital: The Co has launched a Gujarati news App in India, and has an expanding digital presence of over 7-8 million followers across all platforms. [1]

  • Market Cap 577 Cr.
  • Current Price 763
  • High / Low 934 / 633
  • Stock P/E 6.78
  • Book Value 1,256
  • Dividend Yield 0.66 %
  • ROCE 10.6 %
  • ROE 8.06 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.61 times its book value
  • Debtor days have improved from 63.6 to 50.4 days.

Cons

  • The company has delivered a poor sales growth of -2.79% over past five years.
  • Company has a low return on equity of 8.88% for last 3 years.
  • Earnings include an other income of Rs.44.6 Cr.
  • Dividend payout has been low at 4.87% of profits 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
90 84 85 83 44 60 79 91 54 74 78 104 82
72 69 70 65 38 37 56 67 41 45 56 90 67
Operating Profit 18 15 16 18 6 23 23 24 12 28 22 14 15
OPM % 20% 18% 19% 22% 14% 38% 29% 26% 23% 39% 28% 13% 19%
4 5 7 1 20 11 30 3 9 6 9 25 5
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 2 2 2 2 2 2 2 2 2 2 2 1 1
Profit before tax 20 18 21 17 25 32 50 25 19 32 29 37 19
Tax % 33% 2% 23% 22% 21% 21% 19% 24% 21% 29% 23% 22% 31%
Net Profit 14 18 16 14 19 25 41 19 15 23 22 29 13
EPS in Rs 17.98 23.81 21.20 17.87 25.67 33.32 53.82 25.34 20.15 30.44 29.57 38.52 17.48
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
238 264 375 356 377 419 343 274 309 338
243 249 247 249 258 331 273 198 232 258
Operating Profit -5 15 128 106 119 88 71 76 77 80
OPM % -2% 6% 34% 30% 32% 21% 21% 28% 25% 24%
27 32 4 15 16 21 15 49 48 45
Interest 1 4 2 1 0 0 0 0 0 0
Depreciation 4 5 8 8 9 9 8 7 6 6
Profit before tax 16 38 123 113 126 99 77 117 118 118
Tax % 44% 32% 35% 36% 34% 35% 21% 23% 24%
Net Profit 9 26 80 73 83 65 61 90 90 88
EPS in Rs 105.56 96.19 109.44 85.62 80.72 118.87 118.68 116.01
Dividend Payout % 25% 10% 5% 5% 5% 6% 6% 4% 4%
Compounded Sales Growth
10 Years: %
5 Years: -3%
3 Years: -10%
TTM: 19%
Compounded Profit Growth
10 Years: %
5 Years: 0%
3 Years: 5%
TTM: -14%
Stock Price CAGR
10 Years: 12%
5 Years: -3%
3 Years: 9%
1 Year: -5%
Return on Equity
10 Years: %
5 Years: 10%
3 Years: 9%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
9 9 8 8 8 8 8 8 8
Reserves 172 195 563 584 662 723 779 881 943
0 54 14 2 0 0 0 0 0
60 86 118 95 87 70 55 75 64
Total Liabilities 241 344 702 688 758 800 842 964 1,014
57 53 73 126 138 132 128 120 110
CWIP 0 0 0 11 0 0 0 0 0
Investments 15 7 393 287 392 504 428 512 512
169 284 237 265 228 164 285 332 392
Total Assets 241 344 702 688 758 800 842 964 1,014

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-10 -56 99 98 78 48 -90 49 22
2 8 -39 -33 -110 -102 85 -40 33
14 47 -4 -17 -7 -5 -5 -4 -4
Net Cash Flow 6 -1 57 49 -38 -58 -10 4 51

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 41 48 62 68 69 64 72 68 50
Inventory Days 70 58 68 128 128 48 66 125 132
Days Payable 57 82 38 37 51 24 18 87 27
Cash Conversion Cycle 55 24 92 158 146 89 120 106 155
Working Capital Days 157 263 16 50 56 59 216 138 149
ROCE % 19% 19% 20% 14% 10% 14% 11%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
74.81 74.81 74.81 74.81 74.81 74.81 74.81 74.81 74.81 74.81 74.81 74.81
0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
25.18 25.18 25.18 25.18 25.18 25.18 25.18 25.18 25.18 25.18 25.18 25.18

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