Sun TV Network Ltd

Sun TV Network Ltd

₹ 549 -0.93%
05 Dec - close price
About

Sun TV Network was established in 1985 as Sumangali Publications Private Limited and was later renamed as Sun TV Network Limited. Sun TV, the flagship channel of the company, was started in 1993. STNL is primarily involved in television broadcasting. Besides, it produces/distributes movies under the banner Sun Pictures[1]

Key Points

Business[1]
Company is one of the largest Television Broadcasters in India operating Satellite Television Channels across six languages of Tamil, Telugu, Kannada, Malayalam, Marathi and Bangla and presently airing FM radio. The Company produces its own content / acquires the related rights. The Company is the owner of IPL franchise “SunRisers Hyderabad” & SunRisers Eastern Cape Cricket South Africa’s T20 League, and also opened a branch office in South Africa. The Company also operates an OTT platform “SUNNXT“

  • Market Cap 21,619 Cr.
  • Current Price 549
  • High / Low 775 / 506
  • Stock P/E 13.0
  • Book Value 313
  • Dividend Yield 2.73 %
  • ROCE 20.4 %
  • ROE 15.7 %
  • Face Value 5.00

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 34.6%

Cons

  • The company has delivered a poor sales growth of 2.67% 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
826 887 840 1,349 1,048 923 961 1,314 936 828 942 1,290 1,300
289 303 343 552 321 334 438 595 395 383 527 674 546
Operating Profit 537 584 498 797 728 589 523 719 541 444 414 617 754
OPM % 65% 66% 59% 59% 69% 64% 54% 55% 58% 54% 44% 48% 58%
89 100 91 122 112 140 142 149 172 146 184 189 140
Interest 3 2 2 3 2 2 2 2 4 4 4 4 4
Depreciation 80 114 80 90 219 115 108 113 196 113 118 108 404
Profit before tax 544 569 507 827 619 612 555 753 513 474 477 694 486
Tax % 25% 25% 25% 28% 25% 26% 25% 26% 20% 23% 22% 24% 27%
407 425 380 592 465 454 415 560 409 363 371 529 355
EPS in Rs 10.34 10.78 9.65 15.02 11.79 11.52 10.52 14.19 10.39 9.21 9.41 13.43 8.99
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
2,224 2,395 2,474 2,646 2,963 3,783 3,520 3,177 3,585 3,772 4,282 4,015 4,360
716 718 1,253 874 959 1,176 1,248 1,111 1,306 1,379 1,644 1,886 2,130
Operating Profit 1,508 1,678 1,221 1,772 2,004 2,607 2,272 2,065 2,279 2,393 2,638 2,129 2,230
OPM % 68% 70% 49% 67% 68% 69% 65% 65% 64% 63% 62% 53% 51%
87 99 677 181 165 242 260 306 256 380 515 640 660
Interest 3 2 2 1 1 2 13 27 33 9 9 13 15
Depreciation 478 615 497 400 450 663 700 404 306 486 532 539 743
Profit before tax 1,113 1,159 1,399 1,551 1,718 2,185 1,819 1,941 2,195 2,278 2,613 2,217 2,131
Tax % 33% 32% 34% 34% 34% 34% 24% 21% 25% 25% 26% 23%
757 796 922 1,031 1,136 1,434 1,385 1,525 1,642 1,707 1,926 1,704 1,618
EPS in Rs 18.98 19.84 23.39 26.14 28.80 36.37 35.15 38.70 41.66 43.30 48.85 43.21 41.04
Dividend Payout % 50% 57% 66% 38% 35% 21% 71% 13% 33% 35% 34% 35%
Compounded Sales Growth
10 Years: 5%
5 Years: 3%
3 Years: 4%
TTM: 5%
Compounded Profit Growth
10 Years: 8%
5 Years: 6%
3 Years: 4%
TTM: -10%
Stock Price CAGR
10 Years: 4%
5 Years: 4%
3 Years: 3%
1 Year: -28%
Return on Equity
10 Years: 21%
5 Years: 19%
3 Years: 18%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 197 197 197 197 197 197 197 197 197 197 197 197 197
Reserves 2,898 3,151 3,277 3,831 4,491 5,329 5,527 6,857 7,958 9,075 10,339 11,450 12,150
0 0 0 0 0 0 0 80 95 63 38 124 146
468 397 285 350 585 670 782 812 648 814 847 866 920
Total Liabilities 3,564 3,745 3,759 4,378 5,273 6,197 6,507 7,946 8,898 10,148 11,421 12,636 13,413
1,373 1,179 845 1,225 1,153 1,112 1,145 946 1,791 1,729 1,707 1,572 3,100
CWIP 2 2 1 2 49 13 66 146 244 131 145 344 15
Investments 472 506 636 1,148 2,147 2,801 2,692 3,504 3,589 5,512 7,061 8,303 7,772
1,717 2,058 2,278 2,004 1,923 2,271 2,603 3,351 3,274 2,775 2,508 2,418 2,526
Total Assets 3,564 3,745 3,759 4,378 5,273 6,197 6,507 7,946 8,898 10,148 11,421 12,636 13,413

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,195 1,162 1,299 1,296 1,371 1,824 1,656 1,464 1,634 2,096 2,171 1,663
-786 -518 -401 -716 -1,294 -1,113 -406 -1,152 -1,026 -1,553 -1,313 -1,064
-431 -635 -737 -475 -475 -596 -1,222 -249 -603 -631 -697 -618
Net Cash Flow -22 9 160 104 -398 115 27 63 5 -88 161 -19

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 103 115 115 107 131 109 142 165 149 143 107 111
Inventory Days
Days Payable
Cash Conversion Cycle 103 115 115 107 131 109 142 165 149 143 107 111
Working Capital Days 84 113 137 89 89 78 102 102 106 87 70 70
ROCE % 36% 35% 32% 41% 39% 42% 30% 29% 27% 25% 26% 20%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
10.44% 10.56% 10.39% 10.57% 9.01% 8.87% 7.89% 7.23% 7.11% 6.87% 6.91% 6.71%
3.79% 3.61% 3.67% 4.47% 6.59% 6.50% 8.23% 10.00% 10.17% 10.45% 10.35% 10.19%
10.77% 10.83% 10.95% 9.96% 9.40% 9.62% 8.89% 7.77% 7.70% 7.67% 7.74% 8.10%
No. of Shareholders 1,16,1431,19,9711,19,04499,89595,3621,00,8031,01,5171,10,0211,14,8651,03,9121,01,7931,07,496

* 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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