TV18 Broadcast Ltd

TV18 Broadcast Ltd

₹ 47.4 3.27%
24 Apr 2:03 p.m.
About

TV18 Broadcast is engaged in activities spanning across Broadcasting, Digital Content and Allied Businesses.(Source : 202003-01 Annual Report Page No:15)

Key Points

India’s largest news network
TV18 is a subsidiary of Network18 Media & Investments Limited (‘Network18’) and is primarily engaged in the business of news broadcasting. It runs the largest news network in India, spanning business news (Four channels), general news (One each in English and Hindi), and regional news (fourteen channels across India, including a joint venture, News18 Lokmat). [1]

  • Market Cap 8,126 Cr.
  • Current Price 47.4
  • High / Low 68.7 / 28.7
  • Stock P/E 550
  • Book Value 18.2
  • Dividend Yield 0.00 %
  • ROCE 1.90 %
  • ROE 0.47 %
  • Face Value 2.00

Pros

Cons

  • Stock is trading at 2.57 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 7.60% over past five years.
  • Company has a low return on equity of 2.68% over last 3 years.
  • Earnings include an other income of Rs.50.0 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

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
314 269 301 347 346 266 298 327 360 337 357 402 461
230 229 247 252 272 270 302 314 295 343 347 354 395
Operating Profit 84 40 53 94 74 -4 -5 13 65 -6 10 47 66
OPM % 27% 15% 18% 27% 21% -1% -2% 4% 18% -2% 3% 12% 14%
15 9 9 22 10 17 9 31 20 15 14 10 10
Interest 9 8 8 7 8 7 8 10 12 12 13 12 14
Depreciation 14 13 13 12 12 12 13 14 17 20 28 23 24
Profit before tax 77 28 42 97 64 -7 -17 20 56 -22 -17 22 39
Tax % 24% 25% 25% 25% 25% 25% 25% -59% 22% 8% 48% 25% 29%
59 21 31 72 48 -5 -12 32 44 -21 -9 16 28
EPS in Rs 0.34 0.12 0.18 0.42 0.28 -0.03 -0.07 0.18 0.25 -0.12 -0.05 0.09 0.16
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
533 516 606 626 667 946 1,079 1,150 1,104 1,262 1,252 1,556
434 401 498 503 545 913 987 1,051 927 1,000 1,182 1,439
Operating Profit 99 116 108 123 122 33 92 99 177 262 70 118
OPM % 19% 22% 18% 20% 18% 4% 9% 9% 16% 21% 6% 8%
37 -13 -55 30 37 26 14 50 47 50 77 50
Interest 101 22 17 19 19 23 52 65 46 30 37 51
Depreciation 23 21 21 10 18 42 42 58 56 51 56 95
Profit before tax 11 60 15 125 123 -6 12 26 123 231 53 22
Tax % 11% 1% 0% 0% 17% -856% -606% 17% 26% 25% -9% 32%
10 59 15 125 101 -59 85 22 91 173 58 15
EPS in Rs 0.06 0.35 0.09 0.73 0.59 -0.34 0.50 0.13 0.53 1.01 0.34 0.09
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 12%
5 Years: 8%
3 Years: 12%
TTM: 24%
Compounded Profit Growth
10 Years: -16%
5 Years: -30%
3 Years: -45%
TTM: -74%
Stock Price CAGR
10 Years: 6%
5 Years: 7%
3 Years: 10%
1 Year: 59%
Return on Equity
10 Years: 2%
5 Years: 3%
3 Years: 3%
Last Year: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 342 342 343 343 343 343 343 343 343 343 343 343
Reserves 3,072 3,131 3,146 3,255 3,354 2,344 2,421 2,435 2,526 2,701 2,759 2,786
238 191 232 223 237 423 865 835 831 707 653 776
171 127 149 364 209 321 293 545 395 337 465 575
Total Liabilities 3,823 3,791 3,870 4,184 4,143 3,431 3,921 4,158 4,095 4,088 4,220 4,480
115 110 44 44 88 1,068 1,057 1,133 1,092 1,067 1,217 1,448
CWIP 0 0 0 11 1 0 14 1 1 0 57 1
Investments 1,267 3,258 3,273 3,338 3,392 1,415 1,398 1,399 1,402 1,403 1,406 1,424
2,441 423 553 791 662 949 1,452 1,625 1,600 1,618 1,541 1,608
Total Assets 3,823 3,791 3,870 4,184 4,143 3,431 3,921 4,158 4,095 4,088 4,220 4,480

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
174 39 -28 221 -63 -22 -82 204 256 178 224 213
-2,161 -42 -20 -194 69 -111 -307 -90 -22 -102 -46 -256
2,077 -85 21 -28 -4 127 391 -110 -117 -152 -216 45
Net Cash Flow 89 -89 -26 -1 1 -6 2 4 116 -76 -38 2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 128 120 98 105 99 106 112 160 159 143 124 119
Inventory Days
Days Payable
Cash Conversion Cycle 128 120 98 105 99 106 112 160 159 143 124 119
Working Capital Days 44 85 169 129 123 151 254 265 309 340 297 244
ROCE % 4% 3% 3% 4% 4% 0% 2% 3% 5% 7% 2%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
60.40% 60.40% 60.40% 60.40% 60.40% 60.40% 60.40% 60.40% 60.40% 60.40% 60.40% 60.40%
12.25% 12.17% 14.09% 12.75% 10.25% 9.85% 8.58% 8.54% 8.50% 8.55% 7.46% 7.36%
0.88% 0.19% 0.19% 1.36% 1.72% 1.60% 1.60% 1.63% 2.74% 3.10% 4.14% 4.17%
0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
26.46% 27.24% 25.32% 25.49% 27.63% 28.14% 29.41% 29.43% 28.36% 27.94% 28.00% 28.08%
No. of Shareholders 1,98,2422,11,6552,28,7562,84,6213,87,5383,90,7983,90,0113,84,2983,64,5923,78,9514,12,5514,74,493

* 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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