Zee Entertainment Enterprises Ltd

About [ edit ]

Zee Entertainment Enterprises is mainly in the following businesses: Broadcasting of Satellite Television Channels, Space Selling agent for other satellite television channels, and Sale of Media Content i.e. programs / film rights / feeds /music rights.

  • Market Cap 21,170 Cr.
  • Current Price 220
  • High / Low 261 / 114
  • Stock P/E
  • Book Value 98.1
  • Dividend Yield 0.14 %
  • ROCE 13.6 %
  • ROE 6.51 %
  • Face Value 1.00

Pros

  • Company is almost debt free.

Cons

  • The company has delivered a poor sales growth of 10.73% over past five years.
  • Promoter holding is low: 4.01%
  • Company has a low return on equity of 13.61% for last 3 years.
  • Company's cost of borrowing seems high
  • Promoter holding has decreased over last 3 years: -39.06%
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
1,725 1,772 1,976 2,167 2,019 2,008 2,122 2,049 1,951 1,312 1,723 2,729
1,116 1,228 1,322 1,375 1,442 1,280 1,439 1,523 2,517 1,204 1,430 2,098
Operating Profit 609 544 654 792 578 728 683 525 -566 108 293 632
OPM % 35% 31% 33% 37% 29% 36% 32% 26% -29% 8% 17% 23%
Other Income 89 52 59 86 35 106 -102 71 -73 26 -59 28
Interest 127 5 5 6 114 21 18 20 86 5 1 2
Depreciation 59 58 59 61 57 69 58 66 78 72 65 65
Profit before tax 511 533 649 811 442 744 504 511 -803 58 167 592
Tax % 55% 39% 40% 31% 34% 29% 18% 32% 5% 49% 44% 33%
Net Profit 231 326 387 562 292 531 413 349 -767 30 94 400
EPS in Rs 2.41 3.40 4.03 5.86 3.04 5.52 4.30 3.64 -7.98 0.32 0.98 4.16
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
2,177 2,200 3,009 3,040 3,700 4,422 4,884 5,812 6,434 6,686 7,934 8,130 7,715
1,629 1,574 2,187 2,291 2,745 3,217 3,630 4,386 4,728 4,616 5,370 6,895 7,249
Operating Profit 548 626 822 749 954 1,204 1,254 1,427 1,706 2,070 2,564 1,234 466
OPM % 25% 28% 27% 25% 26% 27% 26% 25% 27% 31% 32% 15% 6%
Other Income 160 110 108 128 146 181 228 183 1,447 576 236 137 -78
Interest 134 33 9 5 9 16 10 160 137 145 130 145 94
Depreciation 31 29 29 32 40 50 67 78 115 182 235 271 280
Profit before tax 543 674 892 841 1,052 1,319 1,404 1,373 2,901 2,319 2,434 956 14
Tax % 4% 8% 30% 30% 32% 33% 31% 40% 23% 36% 36% 45%
Net Profit 512 634 637 589 720 892 978 823 2,221 1,479 1,567 526 -242
EPS in Rs 5.90 7.31 6.51 6.14 7.54 9.29 10.18 8.57 23.13 15.40 16.32 5.48 -2.52
Dividend Payout % 17% 27% 31% 24% 27% 24% 22% 26% 11% 19% 21% 5%
Compounded Sales Growth
10 Years:14%
5 Years:11%
3 Years:8%
TTM:-6%
Compounded Profit Growth
10 Years:-0%
5 Years:-8%
3 Years:-21%
TTM:-105%
Stock Price CAGR
10 Years:6%
5 Years:-11%
3 Years:-27%
1 Year:-6%
Return on Equity
10 Years:17%
5 Years:15%
3 Years:14%
Last Year:7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
43 49 98 96 95 2,113 2,115 96 96 1,240 837 394 96
Reserves 3,356 3,781 3,000 3,335 3,816 2,625 3,435 4,708 6,594 7,466 8,828 9,248 9,327
Borrowings 576 119 2 2 3 3 2 1,716 2,203 382 374 351 391
675 787 773 882 1,160 3,308 3,473 1,446 1,364 3,186 3,636 2,679 2,390
Total Liabilities 4,650 4,731 3,873 4,315 5,074 6,032 7,006 7,966 10,258 11,130 12,933 12,374 12,204
1,742 1,848 810 920 991 1,073 1,138 1,333 916 1,476 1,414 1,315 1,265
CWIP 67 111 1 20 7 100 88 110 156 92 156 83 27
Investments 127 320 696 800 792 829 976 1,148 1,343 1,529 976 325 800
2,714 2,452 2,366 2,576 3,285 4,030 4,805 5,375 7,843 8,033 10,386 10,651 10,111
Total Assets 4,650 4,731 3,873 4,315 5,074 6,032 7,006 7,966 10,258 11,130 12,933 12,374 12,204

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
100 707 572 408 387 383 681 731 741 554 135 250
-80 472 -478 -16 46 -205 -165 16 1,325 -1,041 864 397
7 -785 -295 -449 -229 -144 -343 -405 -414 -1,090 -966 -1,062
Net Cash Flow 27 394 -201 -57 204 34 173 342 1,652 -1,577 33 -415

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 18% 18% 25% 26% 28% 31% 27% 26% 24% 26% 27% 14%
Debtor Days 108 124 106 104 98 85 80 85 70 84 84 94
Inventory Turnover 0.03 0.02 -0.12 -0.29 -0.16 -0.28 0.00 -0.09 -0.24 0.85 0.71 0.68

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
41.62 41.62 41.62 41.62 38.20 35.79 22.37 4.87 4.77 4.77 4.02 4.02
41.38 40.77 40.81 41.52 44.96 47.07 48.69 67.38 68.27 67.32 66.24 65.76
10.61 11.14 10.96 11.05 11.23 11.23 13.08 11.84 10.91 9.68 11.12 12.01
0.19 0.15 0.15 0.15 0.15 0.15 0.15 0.15 0.15 0.15 0.15 0.15
6.20 6.32 6.46 5.66 5.46 5.76 15.71 15.77 15.91 18.08 18.48 18.06

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