TV18 Broadcast Ltd

TV18 Broadcast Ltd

₹ 66.0 4.19%
23 Feb - close price
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 11,306 Cr.
  • Current Price 66.0
  • High / Low 68.7 / 27.4
  • Stock P/E 496
  • Book Value 100
  • Dividend Yield 0.00 %
  • ROCE 2.75 %
  • ROE 2.46 %
  • Face Value 2.00

Pros

  • Stock is trading at 0.66 times its book value
  • Company is expected to give good quarter

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 8.78% over last 3 years.
  • Earnings include an other income of Rs.651 Cr.
  • Working capital days have increased from 271 days to 381 days

* 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

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
1,361 1,348 1,155 1,308 1,567 1,496 1,265 1,473 1,768 1,406 3,176 1,794 1,676
1,040 1,069 967 1,066 1,212 1,242 1,207 1,433 1,749 1,329 3,230 1,992 1,822
Operating Profit 321 279 188 242 355 254 58 41 19 77 -54 -198 -146
OPM % 24% 21% 16% 18% 23% 17% 5% 3% 1% 5% -2% -11% -9%
26 36 34 27 38 30 39 22 69 40 220 210 181
Interest 18 13 10 9 9 10 11 25 31 50 36 34 40
Depreciation 35 31 29 29 28 27 26 28 33 35 39 50 46
Profit before tax 294 271 182 231 356 247 60 10 24 33 89 -72 -50
Tax % -28% 7% 11% -0% 12% 11% 0% -5% -56% 40% -2% 9% -11%
377 251 162 231 312 221 60 10 38 20 91 -65 -56
EPS in Rs 1.25 0.97 0.58 0.82 1.17 0.84 0.20 0.03 0.24 0.21 0.26 -0.17 -0.07
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
1,410 1,699 1,968 2,318 925 979 1,475 4,943 5,175 4,498 5,526 5,912 8,052
1,469 1,586 1,757 2,146 794 948 1,416 4,629 4,470 3,690 4,488 5,719 8,373
Operating Profit -59 113 211 172 131 31 59 314 705 808 1,038 193 -321
OPM % -4% 7% 11% 7% 14% 3% 4% 6% 14% 18% 19% 3% -4%
122 43 4 -102 34 43 98 71 104 122 129 173 651
Interest 120 144 61 48 19 22 27 101 142 88 38 116 159
Depreciation 34 42 56 40 35 56 69 132 166 139 113 123 170
Profit before tax -90 -30 99 -17 112 -4 61 152 502 703 1,016 127 0
Tax % -6% -42% 14% -123% 3% -599% 85% -39% 17% -6% 9% -1%
-96 -42 89 -26 195 6 9 210 417 746 926 128 -10
EPS in Rs -0.43 -0.15 0.61 0.26 1.14 0.04 0.06 0.97 1.41 2.66 3.41 0.68 0.23
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 13%
5 Years: 32%
3 Years: 5%
TTM: 34%
Compounded Profit Growth
10 Years: 20%
5 Years: 67%
3 Years: -23%
TTM: -90%
Stock Price CAGR
10 Years: 12%
5 Years: 15%
3 Years: 31%
1 Year: 111%
Return on Equity
10 Years: 4%
5 Years: 8%
3 Years: 9%
Last Year: 2%

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 Sep 2023
Equity Capital 72 342 342 343 343 343 343 343 343 343 343 343 343
Reserves 613 2,930 3,068 3,105 3,710 2,988 2,997 3,155 3,391 3,848 4,437 4,336 16,845
965 550 490 501 230 273 1,002 1,620 1,775 1,030 789 4,386 1,884
436 612 808 786 465 366 2,430 2,764 2,900 3,001 3,628 4,704 16,903
Total Liabilities 2,086 4,435 4,709 4,735 4,748 3,970 6,772 7,882 8,409 8,222 9,197 13,768 35,975
610 612 2,152 1,987 1,020 1,117 2,289 2,252 2,360 2,321 2,274 2,454 13,530
CWIP 3 4 3 9 15 4 25 47 87 126 259 912 28
Investments 6 82 500 514 2,513 1,825 353 380 420 489 580 647 4,609
1,466 3,737 2,054 2,225 1,200 1,023 4,105 5,202 5,542 5,286 6,083 9,755 17,807
Total Assets 2,086 4,435 4,709 4,735 4,748 3,970 6,772 7,882 8,409 8,222 9,197 13,768 35,975

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
-67 101 194 -110 133 63 158 -126 153 1,319 593 -2,718
6 -2,026 38 24 -118 -108 -19 -389 -187 -99 -293 -706
-62 2,110 -221 -39 -20 30 25 520 -32 -1,008 -293 3,317
Net Cash Flow -122 185 11 -125 -5 -15 164 5 -65 212 8 -107

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 132 99 90 85 110 92 300 91 105 100 72 76
Inventory Days
Days Payable
Cash Conversion Cycle 132 99 90 85 110 92 300 91 105 100 72 76
Working Capital Days 165 114 131 153 201 157 411 166 204 213 219 381
ROCE % -3% 4% 5% 5% 3% 0% 2% 5% 11% 12% 16% 3%

Shareholding Pattern

Numbers in percentages

15 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
60.40% 60.40% 60.40% 60.40% 60.40% 60.40% 60.40% 60.40% 60.40% 60.40% 60.40% 60.40%
12.11% 12.25% 12.17% 14.09% 12.75% 10.25% 9.85% 8.58% 8.54% 8.50% 8.55% 7.46%
0.08% 0.88% 0.19% 0.19% 1.36% 1.72% 1.60% 1.60% 1.63% 2.74% 3.10% 4.14%
0.52% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00%
26.88% 26.46% 27.24% 25.32% 25.49% 27.63% 28.14% 29.41% 29.43% 28.36% 27.94% 28.00%
No. of Shareholders 1,75,0011,98,2422,11,6552,28,7562,84,6213,87,5383,90,7983,90,0113,84,2983,64,5923,78,9514,12,551

* 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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