Siti Networks Ltd

Siti Networks Ltd

₹ 0.75 -6.25%
08 Apr - close price
About

Incorporated in 1992, SITI Networks Ltd is in the distribution of television channels through digital cable distribution network and allied services[1]

Key Points

Business Overview:[1]
SITINL is a part of the Essel Group. It is a Multi System Operator with 15 digital head ends and a network of 33,000+ Km of optical fibre and coaxial cable, 1.2 Gbps links in pan-India to carry digital TV signals and over 24,000 LCO partners across India. Company provides its cable services in ~800 Locations and adjoining areas and has 500 IP points to serve a customer base of 45+ million active customers

  • Market Cap 65.4 Cr.
  • Current Price 0.75
  • High / Low 1.25 / 0.55
  • Stock P/E
  • Book Value -8.90
  • Dividend Yield 0.00 %
  • ROCE -49.9 %
  • ROE %
  • Face Value 1.00

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -0.94% over past five years.
  • Promoter holding is low: 6.10%
  • Contingent liabilities of Rs.350 Cr.

* 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 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
377 390 389 381 358 363 365 360 331 342 335 338 322
309 312 327 347 308 316 318 317 302 310 310 304 321
Operating Profit 68 78 62 33 51 46 47 42 29 32 25 33 1
OPM % 18% 20% 16% 9% 14% 13% 13% 12% 9% 9% 8% 10% 0%
7 3 -6 -14 4 4 1 -3 3 9 10 5 2
Interest 34 31 30 31 30 31 30 29 30 29 28 28 27
Depreciation 86 83 86 93 79 80 79 93 79 78 75 112 74
Profit before tax -45 -34 -60 -105 -55 -62 -60 -82 -78 -66 -68 -102 -99
Tax % -2% 0% 4% 1% -3% -3% -2% 3% 0% -3% -1% 1% 1%
-46 -34 -58 -104 -57 -63 -62 -79 -77 -68 -69 -101 -97
EPS in Rs -0.54 -0.46 -0.66 -1.10 -0.66 -0.69 -0.69 -0.86 -0.84 -0.76 -0.74 -0.88 -1.00
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
336 464 697 906 1,146 1,195 1,410 1,442 1,608 1,537 1,446 1,345 1,337
338 391 583 768 900 992 1,100 1,119 1,294 1,294 1,254 1,225 1,246
Operating Profit -2 73 114 138 246 203 311 323 314 243 192 120 91
OPM % -1% 16% 16% 15% 21% 17% 22% 22% 20% 16% 13% 9% 7%
-3 13 12 30 23 6 -3 -42 -35 -11 0 25 26
Interest 57 86 119 121 140 127 140 171 158 126 120 115 113
Depreciation 30 56 84 133 165 241 326 365 346 349 331 344 340
Profit before tax -92 -56 -77 -85 -36 -160 -158 -254 -224 -243 -259 -314 -335
Tax % -3% -8% -8% -20% -14% -12% -7% -4% 4% 1% -1% -0%
-95 -61 -83 -102 -41 -179 -170 -264 -214 -241 -261 -315 -335
EPS in Rs -2.02 -1.42 -1.81 -1.61 -0.60 -2.16 -2.22 -3.05 -2.32 -2.75 -2.89 -3.21 -3.38
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: 11%
5 Years: -1%
3 Years: -6%
TTM: -6%
Compounded Profit Growth
10 Years: %
5 Years: -27%
3 Years: -38%
TTM: -11%
Stock Price CAGR
10 Years: -28%
5 Years: -30%
3 Years: 0%
1 Year: -40%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity Capital 45 45 52 68 79 87 87 87 87 87 87 87
Reserves -128 -192 -126 115 442 450 256 111 -92 -332 -584 -863
448 909 1,262 1,395 1,135 1,371 1,448 1,454 1,179 1,018 983 919
199 433 634 658 1,275 1,231 1,298 1,161 1,201 1,085 1,168 1,267
Total Liabilities 564 1,196 1,823 2,236 2,931 3,139 3,089 2,813 2,375 1,858 1,654 1,410
184 451 768 895 1,389 1,711 2,031 1,762 1,508 1,236 1,007 732
CWIP 12 69 170 199 538 429 153 99 59 55 86 61
Investments 2 2 2 2 2 5 5 15 20 11 14 2
366 674 883 1,141 1,001 993 901 937 788 555 547 615
Total Assets 564 1,196 1,823 2,236 2,931 3,139 3,089 2,813 2,375 1,858 1,654 1,410

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
40 -83 164 122 390 137 341 437 504 299 184 181
-34 -408 -461 -293 -636 -624 -387 -185 -42 -139 -182 -64
44 470 523 249 184 290 -32 -274 -358 -225 -51 -76
Net Cash Flow 50 -21 225 78 -62 -197 -77 -22 104 -64 -50 41

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 85 76 102 132 83 111 95 100 68 55 64 68
Inventory Days
Days Payable
Cash Conversion Cycle 85 76 102 132 83 111 95 100 68 55 64 68
Working Capital Days -159 -51 -66 -123 -205 -131 -222 -170 -242 -128 -156 -211
ROCE % -3% 5% 4% 3% 6% -1% 0% -1% -1% -8% -17% -50%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
6.10% 6.10% 6.10% 6.10% 6.10% 6.10% 6.10% 6.10% 6.10% 6.10% 6.10% 6.10%
12.52% 12.31% 12.15% 9.56% 7.89% 7.31% 7.31% 5.49% 3.99% 3.99% 3.96% 2.05%
0.00% 0.00% 0.00% 0.01% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 2.43% 2.43%
81.37% 81.59% 81.75% 84.33% 86.00% 86.59% 86.58% 88.41% 89.90% 89.89% 87.51% 89.42%
No. of Shareholders 1,19,5151,26,8881,24,7671,54,8651,88,7811,90,4681,88,7531,91,4251,88,7171,87,4641,85,4681,85,009

* 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.

Click on the line-items to see the names of individual entities.

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