Sun TV Network Ltd

Sun TV Network Ltd

₹ 620 0.45%
24 Apr - close price
About

Sun TV Network is engaged in producing and broadcasting satellite television and radio software programming in the regional languages of South India.

Key Points

This is one of the Asia’s largest TV networks. This was established by Kalanidhi Maran in the year 1993. Its flagship channel is Sun TV, which was the first fully privately owned Tamil channel in India. After which it has grown huge and currently owns and operates 32 TV channels across Indian languages – Tamil, Telugu, Kannada, Malayalam and Bengali.

And it is now expanding its market to North India also, and will be launching 11 new channels including the network's first Marathi language channel. After this, Sun Group will have a total of 43 TV channels.
Sun Pictures gave blockbuster movies as a subsidiary of Sun Network like Sarkar,Beast,Jailer in recent times.[1]

  • Market Cap 24,412 Cr.
  • Current Price 620
  • High / Low 735 / 418
  • Stock P/E 13.2
  • Book Value 252
  • Dividend Yield 2.70 %
  • ROCE 25.4 %
  • ROE 19.1 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 27.1%

Cons

  • The company has delivered a poor sales growth of 5.05% over past five 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

Standalone Figures in Rs. Crores / View Consolidated

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
972 782 810 829 1,033 833 1,194 796 858 814 1,318 1,018 885
372 235 342 308 311 280 430 272 284 326 531 302 312
Operating Profit 601 547 468 521 722 553 764 525 573 488 786 716 574
OPM % 62% 70% 58% 63% 70% 66% 64% 66% 67% 60% 60% 70% 65%
62 51 83 66 42 54 101 86 94 81 116 107 129
Interest 1 17 1 24 1 3 1 1 1 1 2 1 1
Depreciation 69 77 33 35 153 65 208 75 109 75 85 214 111
Profit before tax 593 504 517 528 610 539 655 534 557 492 815 608 591
Tax % 25% 11% 25% 25% 25% 25% 25% 25% 25% 26% 28% 25% 26%
442 450 390 393 457 404 492 401 416 366 583 456 437
EPS in Rs 11.21 11.42 9.89 9.98 11.61 10.26 12.48 10.17 10.56 9.28 14.79 11.58 11.10
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
1,757 1,818 2,097 2,244 2,395 2,558 2,862 3,663 3,404 3,117 3,505 3,661 4,035
357 441 635 629 1,211 820 903 1,099 1,168 1,049 1,241 1,312 1,471
Operating Profit 1,401 1,377 1,462 1,614 1,185 1,739 1,959 2,564 2,236 2,068 2,264 2,349 2,564
OPM % 80% 76% 70% 72% 49% 68% 68% 70% 66% 66% 65% 64% 64%
74 55 79 88 637 144 140 220 249 271 245 362 433
Interest 6 5 3 2 2 1 1 2 8 22 29 5 5
Depreciation 443 413 453 588 485 391 440 647 679 382 287 468 486
Profit before tax 1,026 1,014 1,085 1,112 1,334 1,490 1,658 2,136 1,798 1,935 2,193 2,238 2,506
Tax % 32% 33% 34% 34% 35% 34% 34% 35% 24% 21% 25% 25%
695 683 717 737 870 979 1,093 1,395 1,372 1,520 1,645 1,675 1,842
EPS in Rs 17.63 17.34 18.19 18.71 22.07 24.85 27.74 35.39 34.81 38.58 41.74 42.49 46.75
Dividend Payout % 54% 55% 52% 60% 70% 40% 36% 21% 72% 13% 33% 35%
Compounded Sales Growth
10 Years: 7%
5 Years: 5%
3 Years: 2%
TTM: 10%
Compounded Profit Growth
10 Years: 9%
5 Years: 9%
3 Years: 9%
TTM: 8%
Stock Price CAGR
10 Years: 5%
5 Years: 2%
3 Years: 11%
1 Year: 48%
Return on Equity
10 Years: 23%
5 Years: 22%
3 Years: 21%
Last Year: 19%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 197 197 197 197 197 197 197 197 197 197 197 197 197
Reserves 2,448 2,696 2,975 3,183 3,321 3,825 4,443 5,243 5,427 6,752 7,856 8,941 9,735
0 0 0 0 0 0 0 0 0 41 58 32 22
248 301 307 211 265 328 550 629 693 788 622 785 686
Total Liabilities 2,893 3,194 3,479 3,591 3,782 4,350 5,190 6,069 6,317 7,778 8,733 9,955 10,640
1,063 1,222 1,242 1,074 820 1,102 1,039 936 946 768 1,633 1,591 1,680
CWIP 1 0 0 0 1 1 46 13 66 146 244 131 3
Investments 478 468 677 694 864 1,454 2,412 3,050 2,949 3,764 3,857 5,631 6,546
1,351 1,503 1,560 1,823 2,098 1,792 1,693 2,070 2,355 3,100 3,000 2,602 2,411
Total Assets 2,893 3,194 3,479 3,591 3,782 4,350 5,190 6,069 6,317 7,778 8,733 9,955 10,640

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
868 836 1,158 1,141 1,256 1,301 1,344 1,777 1,610 1,444 1,614 2,057
-330 -440 -751 -499 -359 -724 -1,265 -1,065 -366 -1,142 -1,009 -1,524
-578 -382 -431 -635 -737 -475 -475 -596 -1,217 -243 -596 -621
Net Cash Flow -40 13 -24 7 160 102 -397 116 28 59 9 -89

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 97 107 99 111 112 103 129 108 140 163 148 143
Inventory Days
Days Payable
Cash Conversion Cycle 97 107 99 111 112 103 129 108 140 163 148 143
Working Capital Days 78 93 86 114 137 87 85 77 104 104 109 91
ROCE % 41% 37% 36% 34% 31% 39% 38% 41% 30% 30% 28% 25%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
7.73% 8.09% 8.95% 9.21% 9.32% 9.79% 10.44% 10.56% 10.39% 10.57% 9.01% 8.87%
3.63% 3.32% 2.92% 4.18% 4.73% 3.94% 3.79% 3.61% 3.67% 4.47% 6.59% 6.50%
13.64% 13.59% 13.13% 11.61% 10.95% 11.27% 10.77% 10.83% 10.95% 9.96% 9.40% 9.62%
No. of Shareholders 1,12,1531,22,0581,07,4761,13,4781,23,0551,16,2781,16,1431,19,9711,19,04499,89595,3621,00,803

* 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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