Siti Networks Ltd

₹ 0.53 1.92%

22 Jul - close price

sitinetworks.com BSE: 532795 NSE: SITINET

About

Incorporated in 1992, SITI Networks Ltd is in the distribution of television channels through digital cable distribution network and allied services^[1]

Key Points

Business Overview:^[1]
SITINL is a part of the Essel Group. It is a Multi System Operator with 15 digital head ends and a network of 33,000+ Km of optical fibre and coaxial cable, 1.2 Gbps links in pan-India to carry digital TV signals and over 24,000 LCO partners across India. Company provides its cable services in ~800 Locations and adjoining areas and has 500 IP points to serve a customer base of 45+ million active customers

Website BSE NSE - BZ

Market Cap ₹ 46.2 Cr.
Current Price ₹ 0.53
High / Low ₹ 1.14 / 0.46
Stock P/E
Book Value ₹ -14.8
Dividend Yield 0.00 %
ROCE %
ROE %
Face Value ₹ 1.00

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Pros

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -15.3% over past five years.
Promoter holding is low: 6.10%
Contingent liabilities of Rs.617 Cr.
Debtor days have increased from 122 to 148 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.

Peer comparison

Consumer Discretionary Media, Entertainment & Publication Entertainment TV Broadcasting & Software Production

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	155	134	134	129	135	117	94	103	118	101	92	81	82
	137	127	138	135	120	132	110	111	107	113	105	103	112
Operating Profit	19	7	-4	-6	15	-15	-15	-8	12	-12	-13	-22	-31
OPM %	12%	5%	-3%	-5%	11%	-12%	-16%	-8%	10%	-12%	-14%	-27%	-37%
	-15	0	8	7	-30	-5	1	1	80	1	1	1	10
Interest	26	28	26	26	26	25	22	22	5	22	22	22	22
Depreciation	56	43	42	40	64	39	35	32	21	11	11	10	10
Profit before tax	-78	-64	-65	-65	-105	-84	-71	-61	65	-44	-45	-53	-53
Tax %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	-78	-64	-65	-65	-105	-84	-71	-61	65	-44	-45	-53	-53
EPS in Rs	-0.90	-0.74	-0.75	-0.74	-1.20	-0.96	-0.82	-0.70	0.75	-0.50	-0.52	-0.61	-0.61
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	505	599	856	774	838	821	819	730	614	531	433	356
	443	537	697	699	737	658	651	614	556	520	459	434
Operating Profit	62	62	159	75	101	163	168	117	59	12	-26	-78
OPM %	12%	10%	19%	10%	12%	20%	20%	16%	10%	2%	-6%	-22%
	12	14	21	-4	4	-173	-24	-28	-21	-15	77	14
Interest	118	120	138	121	127	154	132	110	109	106	74	88
Depreciation	58	74	94	135	183	209	196	205	185	189	127	44
Profit before tax	-102	-118	-52	-185	-206	-372	-185	-226	-255	-299	-151	-195
Tax %	0%	0%	0%	0%	0%	0%	3%	0%	0%	0%	0%	0%
	-102	-118	-52	-185	-206	-372	-189	-226	-255	-299	-151	-195
EPS in Rs	-1.96	-1.74	-0.65	-2.12	-2.36	-4.27	-2.17	-2.60	-2.93	-3.43	-1.73	-2.24
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-5%
5 Years:	-15%
3 Years:	-17%
TTM:	-18%

Compounded Profit Growth
10 Years:	-10%
5 Years:	-5%
3 Years:	5%
TTM:	8%

Stock Price CAGR
10 Years:	-34%
5 Years:	-22%
3 Years:	-33%
1 Year:	-33%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	52	68	79	87	87	87	87	87	87	87	87	87
Reserves	28	109	471	438	232	-65	-255	-482	-737	-1,036	-1,186	-1,382
	1,249	1,348	1,046	1,220	1,269	1,201	962	903	912	883	757	757
	238	436	798	759	709	675	724	712	811	891	1,104	1,227
Total Liabilities	1,567	1,960	2,395	2,504	2,297	1,899	1,518	1,221	1,073	825	762	690
	350	462	691	880	993	850	713	554	398	231	111	72
CWIP	105	131	369	221	89	44	29	16	27	22	20	20
Investments	24	249	391	390	352	352	352	352	350	316	308	308
	1,088	1,118	944	1,013	863	652	424	299	298	257	322	290
Total Assets	1,567	1,960	2,395	2,504	2,297	1,899	1,518	1,221	1,073	825	762	690

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-271	171	183	-109	178	395	255	177	58	106	165	-35
	2	-318	-413	-302	-197	-87	38	-67	-47	-45	-37	52
	485	216	118	230	-50	-328	-302	-109	-5	-38	-123	-0
Net Cash Flow	215	68	-112	-182	-69	-20	-9	1	6	23	4	17

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	215	214	134	245	226	129	92	98	120	89	128	148
Inventory Days	32		18	36
Days Payable	828		573	1,216
Cash Conversion Cycle	-581	214	-420	-935	226	129	92	98	120	89	128	148
Working Capital Days	47	-130	-139	3	-175	-274	-407	-217	-322	-494	-765	-1,055
ROCE %	1%	0%	5%	-3%	-4%	-2%	-2%	-13%	-32%	-160%

Shareholding Pattern

Numbers in percentages

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	6.10%	6.10%	6.10%	6.10%	6.10%	6.10%	6.10%	6.10%	6.10%	6.10%	6.10%	6.10%
	7.31%	7.31%	5.49%	3.99%	3.99%	3.96%	2.05%	2.05%	2.05%	2.05%	2.05%	2.05%
	0.00%	0.00%	0.00%	0.00%	0.00%	2.43%	2.43%	2.43%	2.43%	2.43%	2.43%	2.43%
	86.59%	86.58%	88.41%	89.90%	89.89%	87.51%	89.42%	89.42%	89.41%	89.43%	89.42%	89.41%
No. of Shareholders	1,90,468	1,88,753	1,91,425	1,88,717	1,87,464	1,85,468	1,85,009	1,92,855	2,16,870	2,31,232	2,53,844	2,60,188

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	70.99%	73.57%	73.45%	65.68%	65.68%	6.10%	6.10%	6.10%	6.10%	6.10%
	0.00%	12.53%	12.30%	12.07%	11.84%	12.52%	7.89%	3.99%	2.05%	2.05%
	19.30%	5.51%	4.37%	3.94%	3.93%	0.00%	0.01%	0.00%	2.43%	2.43%
	9.71%	8.39%	9.89%	18.32%	18.55%	81.37%	86.00%	89.90%	89.42%	89.41%
No. of Shareholders	1,08,734	99,550	91,726	89,453	88,103	1,19,515	1,88,781	1,88,717	1,92,855	2,60,188

* 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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