T.V. Today Network Ltd

T.V. Today Network Ltd

₹ 245 1.22%
02 Mar 9:46 a.m.
About

T.V. Today Network Ltd is engaged in broadcasting television news channels, radio stations and newspaper publishing in India. The company broadcasts 24-hour news channels Aaj Tak, Tez, and Aaj Tak HD in Hindi; and India Today Television in English. It also runs radio stations (Ishq 104.8 FM) in Delhi, Mumbai, and Kolkata. [1][2]

Key Points

Market Position
Aaj Tak has maintained its leadership among Hindi news channels in the new Audience Measurement System BARC with a total viewership of 85 crore Gross AMAs.
India Today Television has also obtained leadership positions in critical news and events.
Good News Today has the second highest reach among Hindi news channels in the Freeview distribution platform, crossing news channels — Zee News, ABP News, Zee Hindustan, and Times Now Navbharat in terms of viewership. [1]

  • Market Cap 1,464 Cr.
  • Current Price 245
  • High / Low 274 / 170
  • Stock P/E 26.2
  • Book Value 138
  • Dividend Yield 1.19 %
  • ROCE 13.0 %
  • ROE 9.54 %
  • Face Value 5.00

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 165%

Cons

  • The company has delivered a poor sales growth of 4.03% over past five years.
  • Company has a low return on equity of 13.6% over last 3 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

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
224 214 204 226 258 242 218 212 231 217 223 214 263
146 165 152 166 172 194 171 185 195 196 209 202 222
Operating Profit 78 50 52 60 86 49 47 27 36 21 13 12 41
OPM % 35% 23% 26% 26% 33% 20% 22% 13% 16% 10% 6% 6% 16%
8 10 9 14 9 10 11 12 13 -2 10 9 10
Interest 0 1 1 0 1 1 1 1 1 1 1 1 1
Depreciation 11 11 10 10 11 11 10 10 10 10 10 10 11
Profit before tax 75 48 50 63 83 47 47 27 38 8 12 10 39
Tax % 27% 25% 26% 26% 26% 25% 26% 27% 27% 29% 27% 29% 26%
55 36 37 47 62 36 35 20 28 6 9 7 29
EPS in Rs 9.18 6.07 6.26 7.87 10.31 5.98 5.87 3.30 4.63 0.98 1.47 1.18 4.88
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
308 313 389 477 582 652 721 742 857 783 930 878 916
282 278 280 345 420 489 513 542 641 584 686 747 829
Operating Profit 26 35 109 132 162 163 208 200 216 199 244 131 88
OPM % 9% 11% 28% 28% 28% 25% 29% 27% 25% 25% 26% 15% 10%
6 7 12 23 -10 29 11 36 43 37 44 34 27
Interest 1 3 4 1 6 8 4 1 3 2 3 3 3
Depreciation 14 21 24 30 31 29 31 32 38 40 42 41 41
Profit before tax 16 18 93 123 115 155 183 204 218 194 243 120 70
Tax % 36% 31% 34% 34% 46% 35% 35% 36% 36% 32% 25% 27%
11 12 61 81 62 100 119 131 139 132 182 88 51
EPS in Rs 1.77 2.05 10.31 13.58 10.62 17.14 19.94 21.97 23.36 22.04 30.42 14.79 8.51
Dividend Payout % 42% 37% 10% 11% 16% 12% 11% 10% 95% 11% 10% 473%
Compounded Sales Growth
10 Years: 11%
5 Years: 4%
3 Years: 1%
TTM: 1%
Compounded Profit Growth
10 Years: 23%
5 Years: -6%
3 Years: -12%
TTM: -53%
Stock Price CAGR
10 Years: 8%
5 Years: -6%
3 Years: -4%
1 Year: 16%
Return on Equity
10 Years: 16%
5 Years: 15%
3 Years: 14%
Last Year: 10%

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 30 30 30 30 30 30 30 30 30 30 30 30 30
Reserves 288 295 349 420 442 551 632 866 842 961 1,128 799 796
56 60 17 7 46 35 0 3 21 17 32 34 47
75 99 102 120 130 152 173 172 199 201 222 210 203
Total Liabilities 449 484 499 577 647 768 834 1,071 1,092 1,208 1,411 1,073 1,076
55 222 215 235 214 206 258 247 245 226 227 214 205
CWIP 175 10 2 3 5 4 2 4 0 1 1 1 1
Investments 46 46 46 46 7 0 0 0 0 0 0 0 0
174 207 236 293 421 558 574 820 847 981 1,183 857 870
Total Assets 449 484 499 577 647 768 834 1,071 1,092 1,208 1,411 1,073 1,076

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
57 39 81 78 -36 120 152 125 201 166 235 41
-79 -15 -3 -49 0 -103 -94 -104 -15 -166 -211 371
32 -7 -52 -18 -13 -16 -59 -14 -168 -17 -22 -427
Net Cash Flow 10 17 26 11 -48 1 -0 7 17 -17 2 -15

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 106 110 103 105 95 100 94 91 94 93 75 88
Inventory Days
Days Payable
Cash Conversion Cycle 106 110 103 105 95 100 94 91 94 93 75 88
Working Capital Days 71 56 47 53 46 46 49 135 182 166 285 232
ROCE % 5% 5% 25% 29% 31% 27% 31% 26% 25% 21% 22% 13%

Shareholding Pattern

Numbers in percentages

6 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
58.45% 58.45% 58.45% 58.45% 58.45% 58.45% 58.45% 58.45% 58.45% 58.45% 58.45% 58.45%
8.79% 6.97% 5.98% 4.65% 4.37% 4.13% 3.77% 3.22% 1.97% 1.51% 1.47% 1.46%
14.16% 14.15% 14.97% 16.21% 16.51% 16.39% 15.93% 15.37% 14.60% 14.60% 13.92% 12.97%
0.03% 0.03% 0.03% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
18.57% 20.40% 20.57% 20.69% 20.67% 21.03% 21.85% 22.96% 24.97% 25.42% 26.15% 27.11%
No. of Shareholders 26,03731,55731,75027,74827,75329,11229,52630,56949,16149,33449,07152,362

* 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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