Zee Media Corporation Ltd

Zee Media Corporation is engaged in the business of broadcasting of satellite television channels i.e. news / current affairs and regional language channels and sale of television programs.(Source : 201803 Annual Report Page No:77)

Pros:
Stock is trading at 0.38 times its book value
Cons:
Promoter's stake has decreased
Company has a low return on equity of -3.73% for last 3 years.
Contingent liabilities of Rs.735.84 Cr.
Promoters have pledged 99.82% of their holding

Peer Comparison Sector: Entertainment // Industry: Entertainment / Electronic Media Software

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
100.57 109.96 134.98 114.45 124.51 158.30 176.22 154.69 168.66 194.22 169.35 200.66
105.20 105.40 115.71 91.58 104.81 120.94 148.94 138.42 128.08 136.40 130.45 134.78
Operating Profit -4.63 4.56 19.27 22.87 19.70 37.36 27.28 16.27 40.58 57.82 38.90 65.88
OPM % -4.60% 4.15% 14.28% 19.98% 15.82% 23.60% 15.48% 10.52% 24.06% 29.77% 22.97% 32.83%
Other Income 2.93 2.88 7.90 3.19 2.20 1.20 2.29 43.06 2.00 2.23 -97.75 2.97
Interest 3.82 3.87 4.05 5.11 3.58 3.68 5.21 3.51 4.35 5.09 5.06 6.88
Depreciation 6.63 7.09 7.02 8.38 9.03 11.57 11.98 12.61 12.64 13.84 16.30 22.60
Profit before tax -12.15 -3.52 16.10 12.57 9.29 23.31 12.38 43.21 25.59 41.12 -80.21 39.37
Tax % -39.51% -63.07% 66.71% 41.29% 59.20% 47.70% 63.81% 16.94% 32.59% 33.85% -8.04% 33.78%
Net Profit -16.94 -6.22 4.47 5.24 1.81 10.26 2.46 35.06 17.25 27.20 -86.66 26.07
EPS in Rs -0.37 -0.13 0.09 0.11 0.04 0.22 0.05 0.75 0.37 0.58 -1.84 0.55
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
367.51 522.13 529.29 276.79 307.22 303.82 335.16 544.33 542.96 449.83 573.48 686.92 732.89
299.44 437.97 434.52 230.74 250.66 266.28 308.92 498.05 464.23 352.66 466.17 573.53 529.71
Operating Profit 68.07 84.16 94.77 46.05 56.56 37.54 26.24 46.28 78.73 97.17 107.31 113.39 203.18
OPM % 18.52% 16.12% 17.91% 16.64% 18.41% 12.36% 7.83% 8.50% 14.50% 21.60% 18.71% 16.51% 27.72%
Other Income 1.09 17.04 16.21 7.67 -4.33 25.40 28.81 1.33 12.49 -47.88 8.78 -10.27 -90.55
Interest 0.54 21.07 26.14 12.57 10.66 8.79 10.34 52.63 48.69 14.99 17.58 18.01 21.38
Depreciation 8.48 9.52 11.23 10.08 11.21 11.95 16.07 50.49 46.57 27.49 40.97 55.40 65.38
Profit before tax 60.14 70.61 73.61 31.07 30.36 42.20 28.64 -55.51 -4.04 6.81 57.54 29.71 25.87
Tax % 38.59% 36.69% 36.38% 33.18% 50.23% 35.14% 25.56% 22.25% -12.13% 335.83% 51.63% 121.27%
Net Profit 37.08 44.63 45.68 16.37 11.55 24.17 18.93 -46.65 -8.47 -19.70 19.77 -7.15 -16.14
EPS in Rs 1.39 1.68 1.79 0.67 0.47 0.97 0.75 0.00 0.00 0.00 0.42 0.00 -0.34
Dividend Payout % 25.87% 21.49% 0.00% 0.00% 0.00% 0.00% 0.00% -0.00% -77.94% -0.00% 0.00% -0.00%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:2.78%
5 Years:15.43%
3 Years:8.15%
TTM:19.42%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:4.58%
TTM:-132.55%
Stock Price CAGR
10 Years:-19.21%
5 Years:-20.78%
3 Years:-44.29%
1 Year:-80.19%
Return on Equity
10 Years:-0.01%
5 Years:-5.17%
3 Years:-3.73%
Last Year:-3.14%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
23.98 23.98 23.98 23.98 23.98 23.98 23.98 36.22 44.01 47.08 47.08 47.08
Reserves 183.16 216.61 137.51 153.88 165.43 188.82 207.13 324.54 500.36 468.62 625.06 590.51
Borrowings 11.68 201.71 168.91 52.26 78.01 66.66 111.46 460.28 384.52 109.05 124.89 193.69
126.61 174.37 93.11 106.44 86.89 92.64 110.74 186.27 189.00 563.00 255.47 211.60
Total Liabilities 345.43 616.67 423.51 336.56 354.31 372.10 453.31 1,007.31 1,117.89 1,187.75 1,052.50 1,042.88
80.78 87.56 91.39 86.42 83.08 85.94 137.83 629.58 578.90 152.41 230.43 247.41
CWIP 0.42 17.17 3.85 5.06 1.39 4.44 2.73 3.87 12.01 22.79 7.24 0.04
Investments 0.00 0.00 6.09 6.09 0.00 0.00 3.90 2.23 2.93 510.64 524.78 430.62
264.23 511.94 322.18 238.99 269.84 281.72 308.85 371.63 524.05 501.91 290.05 364.81
Total Assets 345.43 616.67 423.51 336.56 354.31 372.10 453.31 1,007.31 1,117.89 1,187.75 1,052.50 1,042.88

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
-2.51 -75.53 14.07 98.38 -8.84 79.54 28.46 -17.93 33.50 95.05 65.96 58.88
-9.19 -40.55 -107.11 107.81 -79.25 -70.92 -53.57 18.54 -64.60 -100.01 -102.79 -97.98
11.53 162.95 56.54 -129.00 15.54 -21.30 35.56 18.94 100.19 -32.59 -14.80 34.25
Net Cash Flow -0.17 46.87 -36.50 77.19 -72.55 -12.68 10.45 19.55 69.09 -37.54 -51.64 -4.85

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 30.39% 27.89% 26.42% 16.87% 24.48% 18.12% 12.78% 0.90% 5.81% 11.11% 10.58% 13.62%
Debtor Days 141.17 125.19 50.82 118.21 118.38 106.63 95.38 76.63 78.75 114.08 111.21 110.31
Inventory Turnover 5.85 4.32 5.43 10.67 26.59 510.62 1,915.20 212.63 93.78 135.08 28,674.00 422.72