Shemaroo Entertainment Ltd

About [ edit ]

Shemaroo Entertainment is engaged in the business of distribution of content for Broadcasting of Satellite Channels, Physical Formats and Emerging Digital Technologies like Mobile, Internet, Broadband, IPTV and DTH among others.

Key Points [ edit ]
  • Market Cap 200 Cr.
  • Current Price 73.6
  • High / Low 112 / 51.0
  • Stock P/E
  • Book Value 213
  • Dividend Yield 0.00 %
  • ROCE 8.60 %
  • ROE 5.25 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.35 times its book value
  • Debtor days have improved from 90.70 to 61.61 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 8.20% over past five years.
  • Company has a low return on equity of 11.70% for last 3 years.
  • Dividend payout has been low at 3.76% of profits over last 3 years
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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
117.92 113.30 158.10 146.66 129.89 138.85 147.80 93.82 99.35 83.99 58.26 87.06
79.65 73.84 115.21 110.47 87.34 106.70 118.49 73.73 105.64 89.42 58.30 79.33
Operating Profit 38.27 39.46 42.89 36.19 42.55 32.15 29.31 20.09 -6.29 -5.43 -0.04 7.73
OPM % 32.45% 34.83% 27.13% 24.68% 32.76% 23.15% 19.83% 21.41% -6.33% -6.47% -0.07% 8.88%
Other Income 0.34 0.24 0.41 0.53 0.74 0.49 0.36 0.21 -10.38 0.36 0.54 0.21
Interest 7.12 6.12 5.62 6.54 7.23 5.66 5.51 5.58 6.67 6.40 6.80 6.67
Depreciation 1.27 1.32 1.38 1.42 1.41 1.44 2.02 1.99 2.02 1.85 1.84 1.81
Profit before tax 30.22 32.26 36.30 28.76 34.65 25.54 22.14 12.73 -25.36 -13.32 -8.14 -0.54
Tax % 34.25% 37.35% 34.99% 29.42% 36.16% 35.90% 9.30% 26.08% 12.85% 3.45% 1.97% -20.37%
Net Profit 19.87 20.21 23.60 20.30 22.12 16.37 20.08 9.41 -22.10 -12.86 -7.98 -0.65
EPS in Rs 7.31 7.44 8.68 7.47 8.14 6.02 7.39 3.46 -8.13 -4.73 -2.94 -0.24

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
103 102 155 181 213 263 323 375 415 477 548 480 329
98 83 122 134 156 198 235 264 286 336 387 405 333
Operating Profit 6 18 33 46 57 66 88 111 129 141 161 75 -4
OPM % 6% 18% 22% 26% 27% 25% 27% 30% 31% 30% 29% 16% -1%
Other Income 3 2 1 5 1 1 1 2 5 2 2 -9 -9
Interest 18 16 15 19 18 19 22 23 33 31 26 23 27
Depreciation 3 3 3 3 3 3 4 4 4 5 6 7 8
Profit before tax -12 1 17 29 37 44 64 86 96 106 132 35 -47
Tax % -6% 1% 22% 27% 34% 37% 35% 36% 36% 35% 35% 32%
Net Profit -13 1 13 21 25 28 42 55 62 69 86 24 -44
EPS in Rs -284.62 27.65 28.33 10.72 12.38 14.03 15.38 20.39 22.79 25.56 31.68 8.75 -16.04
Dividend Payout % 0% 0% 7% 5% 4% 4% 8% 7% 6% 6% 5% 0%
Compounded Sales Growth
10 Years:17%
5 Years:8%
3 Years:5%
TTM:-36%
Compounded Profit Growth
10 Years:38%
5 Years:-6%
3 Years:-21%
TTM:-148%
Stock Price CAGR
10 Years:%
5 Years:-26%
3 Years:-48%
1 Year:19%
Return on Equity
10 Years:14%
5 Years:13%
3 Years:12%
Last Year:5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
0 0 5 20 20 20 27 27 27 27 27 27 27
Reserves 78 79 87 107 131 158 294 345 406 472 553 572 552
Borrowings 103 109 108 110 122 183 137 212 296 201 202 233 247
14 25 27 35 25 52 35 37 61 40 60 53 86
Total Liabilities 195 212 227 273 298 413 493 621 790 740 843 885 912
38 36 35 36 35 34 30 29 34 33 31 34 30
CWIP 1 0 0 0 0 0 0 1 0 0 0 0 0
Investments 0 0 6 11 12 12 20 12 12 35 25 14 8
157 176 185 225 251 367 444 578 744 671 786 837 874
Total Assets 195 212 227 273 298 413 493 621 790 740 843 885 912

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-18 13 23 15 -1 -18 -29 -42 -59 145 22 9
0 -0 -10 -6 -2 -3 -10 -4 -4 -14 7 -8
14 -9 -25 -9 -2 20 41 45 63 -131 -29 -1
Net Cash Flow -3 4 -12 0 -5 -0 2 -1 0 -0 -0 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 3% 10% 16% 22% 22% 20% 21% 21% 20% 19% 21% 9%
Debtor Days 110 222 154 181 121 194 143 104 168 106 104 62
Inventory Turnover -0.40 0.04 -0.03 -0.58 -0.41 0.92 0.77 0.57 0.00 0.00 0.00 0.00

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
65.82 65.82 65.82 65.82 65.82 65.82 65.82 65.88 65.88 65.88 65.88 65.88
16.73 16.73 18.34 18.41 18.47 20.12 20.24 19.84 15.63 10.21 10.18 10.50
0.05 0.03 0.07 0.21 0.19 0.29 0.26 0.00 0.00 0.00 0.00 0.00
17.39 17.42 15.77 15.56 15.52 13.77 13.67 14.28 18.49 23.91 23.94 23.62

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