Zee Entertainment Enterprises Ltd

Zee Entertainment Enterprises Ltd

₹ 151 -2.02%
24 Jun - close price
About

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.

Key Points

India’s largest Television network[1]
ZEE Entertainment was started in 1982 by Subash Chandra (The media baron of India). Zeel is one of the largest global content providing companies that connects 1bn+ people and offers content across various Genres, Languages, and platforms. Zeel is engaged in Broadcast & Digital Business, Movies & Music, Live Events.[2]

  • Market Cap 14,516 Cr.
  • Current Price 151
  • High / Low 300 / 126
  • Stock P/E 44.7
  • Book Value 113
  • Dividend Yield 0.00 %
  • ROCE 6.62 %
  • ROE 3.01 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 301%

Cons

  • The company has delivered a poor sales growth of 1.71% over past five years.
  • Promoter holding is low: 3.98%
  • Company has a low return on equity of 4.40% 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

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
1,966 1,775 1,979 2,113 2,322 1,843 2,024 2,109 2,112 1,984 2,438 2,046 2,170
1,404 1,441 1,575 1,639 1,797 1,575 1,709 1,737 1,960 1,825 2,105 1,836 1,960
Operating Profit 562 334 403 474 525 268 315 372 152 159 333 209 210
OPM % 29% 19% 20% 22% 23% 15% 16% 18% 7% 8% 14% 10% 10%
-11 30 18 2 -99 -20 -54 -187 -199 -113 -55 -27 -11
Interest 49 2 2 3 38 8 10 13 40 23 23 18 7
Depreciation 63 59 60 59 60 71 74 84 83 79 77 76 77
Profit before tax 439 303 359 414 328 169 177 88 -170 -57 177 87 115
Tax % 38% 31% 26% 28% 45% 37% 36% 72% -15% 6% 31% 33% 88%
272 209 266 299 182 107 113 24 -196 -53 123 59 13
EPS in Rs 2.87 2.23 2.81 3.11 1.89 1.11 1.18 0.25 -2.04 -0.56 1.28 0.61 0.14
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3,700 4,422 4,884 5,812 6,434 6,686 7,934 8,130 7,730 8,186 8,088 8,637
2,743 3,215 3,624 4,386 4,711 4,605 5,370 6,870 6,123 6,409 6,981 7,726
Operating Profit 957 1,207 1,260 1,427 1,723 2,081 2,564 1,260 1,606 1,777 1,107 911
OPM % 26% 27% 26% 25% 27% 31% 32% 15% 21% 22% 14% 11%
144 178 222 183 1,430 565 236 112 -29 -111 -460 -207
Interest 9 16 10 160 137 145 130 145 57 44 70 72
Depreciation 40 50 67 78 115 182 235 271 265 221 313 309
Profit before tax 1,052 1,319 1,404 1,373 2,901 2,319 2,434 956 1,256 1,400 264 323
Tax % 32% 33% 31% 40% 23% 36% 36% 45% 37% 32% 82% 56%
717 890 972 824 2,220 1,478 1,567 525 793 956 48 141
EPS in Rs 7.54 9.29 10.18 8.57 23.13 15.40 16.32 5.48 8.33 10.04 0.50 1.47
Dividend Payout % 27% 24% 22% 26% 11% 19% 21% 5% 30% 30% 804% 68%
Compounded Sales Growth
10 Years: 7%
5 Years: 2%
3 Years: 4%
TTM: 7%
Compounded Profit Growth
10 Years: -10%
5 Years: -27%
3 Years: -28%
TTM: 763%
Stock Price CAGR
10 Years: -6%
5 Years: -15%
3 Years: -12%
1 Year: -15%
Return on Equity
10 Years: 11%
5 Years: 6%
3 Years: 4%
Last Year: 3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 95 96 96 96 96 96 96 96 96 96 96 96
Reserves 3,816 2,625 3,435 4,708 6,594 7,466 8,828 9,248 9,998 10,767 10,626 10,777
Preference Capital 0 2,017 2,019 0 0 1,144 741 298 0 0 0
3 3 2 1,716 2,203 382 374 352 423 76 282 230
1,160 3,308 3,473 1,446 1,364 3,186 3,636 2,722 2,301 2,300 2,724 2,346
Total Liabilities 5,074 6,032 7,006 7,966 10,258 11,130 12,933 12,418 12,819 13,240 13,728 13,450
991 1,073 1,138 1,333 916 1,476 1,414 1,315 1,191 1,225 1,360 1,204
CWIP 7 100 88 110 156 92 156 83 75 87 19 9
Investments 792 829 976 1,148 1,343 1,529 976 325 798 65 35 39
3,285 4,030 4,805 5,375 7,843 8,033 10,386 10,695 10,754 11,862 12,315 12,197
Total Assets 5,074 6,032 7,006 7,966 10,258 11,130 12,933 12,418 12,819 13,240 13,728 13,450

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
387 383 681 731 741 554 135 250 1,548 280 129 714
46 -205 -165 16 1,325 -1,041 864 397 -511 586 -202 -47
-229 -144 -343 -405 -414 -1,090 -966 -1,062 -541 -715 -408 -274
Net Cash Flow 204 34 173 342 1,652 -1,577 33 -415 496 150 -481 393

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 98 85 80 85 70 84 84 96 92 77 73 72
Inventory Days 526 617 624 644 824 877
Days Payable 230 239 196 167 177 210
Cash Conversion Cycle 98 85 80 85 70 380 463 524 569 725 740 72
Working Capital Days 132 156 152 147 151 180 236 294 296 341 354 328
ROCE % 28% 31% 27% 26% 24% 26% 27% 14% 14% 16% 8%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
3.99% 3.99% 3.99% 3.99% 3.99% 3.99% 3.99% 3.99% 3.99% 3.99% 3.99% 3.99%
57.46% 57.18% 52.21% 47.86% 39.18% 38.65% 37.33% 36.39% 33.40% 35.00% 28.19% 19.18%
18.47% 15.98% 20.87% 24.19% 30.51% 31.30% 37.33% 38.03% 40.62% 42.07% 43.42% 35.30%
0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15%
19.93% 22.70% 22.78% 23.81% 26.17% 25.93% 21.20% 21.43% 21.85% 18.80% 24.24% 41.38%
No. of Shareholders 2,60,3664,13,5433,75,6454,03,8854,33,1884,18,4564,19,0414,14,8154,63,8303,97,7434,08,5186,27,625

* 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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