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Last Updated on: 14 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

TV Today Network Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 14, 2024, 8:27 pm

Market Cap 1,129 Cr.
Current Price 189
High / Low308/186
Stock P/E10.9
Book Value 147
Dividend Yield4.49 %
ROCE9.68 %
ROE7.04 %
Face Value 5.00
PEG Ratio-1.97

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for TV Today Network Ltd

Competitors of TV Today Network Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Hathway Bhawani Cabletel & Datacom Ltd 15.0 Cr. 18.623.7/16.2 1.990.00 %2.26 %2.26 % 10.0
G V Films Ltd 138 Cr. 0.741.20/0.46 0.220.00 %2.27 %2.08 % 1.00
Encash Entertainment Ltd 11.3 Cr. 29.029.0/29.0 21.80.00 %3.81 %3.93 % 10.0
Diksat Transworld Ltd 256 Cr. 146149/126246 14.40.00 %3.36 %4.21 % 10.0
Cyber Media (India) Ltd 41.4 Cr. 26.644.0/17.216.8 0.650.00 %45.5 %% 10.0
Industry Average3,465.47 Cr152.59179.3152.940.16%37.18%10.95%5.86

All Competitor Stocks of TV Today Network Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales204226258242218212231217223214263253312
Expenses152166172194171185195196209202222230242
Operating Profit52608649472736211312412369
OPM %26%26%33%20%22%13%16%10%6%6%16%9%22%
Other Income914910111213-210910410
Interest1011111111111
Depreciation1010111110101010101011109
Profit before tax5063834747273881210391669
Tax %26%26%26%25%26%27%27%29%27%29%26%27%25%
Net Profit37476236352028697291151
EPS in Rs6.267.8710.315.985.873.304.630.981.471.184.881.928.61

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales3133894775826527217428577839308789521,041
Expenses278280345420489513542641584686747863896
Operating Profit3510913216216320820021619924413189145
OPM %11%28%28%28%25%29%27%25%25%26%15%9%14%
Other Income71223-10291136433744343333
Interest3416841323333
Depreciation21243031293132384042414141
Profit before tax189312311515518320421819424312077134
Tax %31%34%34%46%35%35%36%36%32%25%27%27%
Net Profit12618162100119131139132182885699
EPS in Rs2.0510.3113.5810.6217.1419.9421.9723.3622.0430.4214.799.4516.59
Dividend Payout %37%10%11%16%12%11%10%95%11%10%473%90%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)408.33%32.79%-23.46%61.29%19.00%10.08%6.11%-5.04%37.88%-51.65%-36.36%
Change in YoY Net Profit Growth (%)0.00%-375.55%-56.24%84.75%-42.29%-8.92%-3.98%-11.14%42.91%-89.53%15.28%

TV Today Network Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:9%
5 Years:5%
3 Years:7%
TTM:17%
Compounded Profit Growth
10 Years:0%
5 Years:-15%
3 Years:-23%
TTM:91%
Stock Price CAGR
10 Years:0%
5 Years:-8%
3 Years:-22%
1 Year:-10%
Return on Equity
10 Years:15%
5 Years:13%
3 Years:12%
Last Year:7%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 6:40 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital30303030303030303030303030
Reserves2953494204425516328668429611,128799838846
Borrowings60177463503211732343432
Other Liabilities99102120130152173172199201222210225214
Total Liabilities4844995776477688341,0711,0921,2081,4111,0731,1271,121
Fixed Assets222215235214206258247245226227214193186
CWIP10235424011130
Investments4646467000000000
Other Assets2072362934215585748208479811,183857930935
Total Assets4844995776477688341,0711,0921,2081,4111,0731,1271,121

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +398178-361201521252011662354115
Cash from Investing Activity +-15-3-490-103-94-104-15-166-21137135
Cash from Financing Activity +-7-52-18-13-16-59-14-168-17-22-427-28
Net Cash Flow172611-481-0717-172-1522

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-25.0092.00125.00116.00128.00208.00197.00195.00182.00212.0097.0055.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days11010310595100949194937588106
Inventory Days
Days Payable
Cash Conversion Cycle11010310595100949194937588106
Working Capital Days564753464649135182166285232162
ROCE %5%25%29%31%27%31%26%25%21%22%13%10%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters58.45%58.45%58.45%58.45%58.45%58.45%58.45%58.45%58.45%58.45%58.45%58.45%
FIIs5.98%4.65%4.37%4.13%3.77%3.22%1.97%1.51%1.47%1.46%1.62%1.58%
DIIs14.97%16.21%16.51%16.39%15.93%15.37%14.60%14.60%13.92%12.97%12.96%12.98%
Government0.03%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public20.57%20.69%20.67%21.03%21.85%22.96%24.97%25.42%26.15%27.11%26.96%26.98%
No. of Shareholders31,75027,74827,75329,11229,52630,56949,16149,33449,07152,36253,60752,746

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Franklin India Smaller Companies Fund2,464,7300.5261.642,464,7302024-11-080%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)9.4514.7930.4222.0423.36
Diluted EPS (Rs.)9.4514.7930.4222.0423.36
Cash EPS (Rs.)16.3921.7137.5228.7729.81
Book Value[Excl.RevalReserv]/Share (Rs.)145.39138.86194.06166.03146.15
Book Value[Incl.RevalReserv]/Share (Rs.)145.39138.86194.06166.03146.15
Revenue From Operations / Share (Rs.)159.59147.21155.90131.24143.66
PBDIT / Share (Rs.)21.2529.3048.3239.5943.45
PBIT / Share (Rs.)14.3122.3941.2332.8737.00
PBT / Share (Rs.)12.9120.1740.7932.4636.52
Net Profit / Share (Rs.)9.4514.7930.4222.0423.36
NP After MI And SOA / Share (Rs.)9.4514.7930.4222.0423.36
PBDIT Margin (%)13.3119.9030.9930.1630.24
PBIT Margin (%)8.9615.2026.4425.0425.75
PBT Margin (%)8.0913.7026.1624.7325.42
Net Profit Margin (%)5.9210.0419.5116.7916.25
NP After MI And SOA Margin (%)5.9210.0419.5116.7916.25
Return on Networth / Equity (%)6.4910.6515.6713.2715.98
Return on Capital Employeed (%)9.5415.5120.7119.4324.52
Return On Assets (%)5.008.2212.8610.8812.75
Long Term Debt / Equity (X)0.030.000.000.000.00
Total Debt / Equity (X)0.030.000.000.000.00
Asset Turnover Ratio (%)0.860.700.700.680.79
Current Ratio (X)3.873.915.034.073.96
Quick Ratio (X)3.873.915.034.073.96
Dividend Payout Ratio (NP) (%)0.00473.348.2110.2195.25
Dividend Payout Ratio (CP) (%)0.00322.486.667.8274.63
Earning Retention Ratio (%)0.00-373.3491.7989.794.75
Cash Earning Retention Ratio (%)0.00-222.4893.3492.1825.37
Interest Coverage Ratio (X)37.0752.34109.2096.8191.66
Interest Coverage Ratio (Post Tax) (X)18.9230.3769.7554.8950.27
Enterprise Value (Cr.)1046.951015.722030.841330.08846.42
EV / Net Operating Revenue (X)1.101.162.181.700.98
EV / EBITDA (X)8.265.817.045.633.26
MarketCap / Net Operating Revenue (X)1.331.232.382.031.15
Retention Ratios (%)0.00-373.3491.7889.784.74
Price / BV (X)1.461.301.911.611.13
Price / Net Operating Revenue (X)1.331.232.382.031.15
EarningsYield0.040.080.080.080.14

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of TV Today Network Ltd as of November 14, 2024 is: 117.87

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 14, 2024, TV Today Network Ltd is Overvalued by 37.63% compared to the current share price 189.00

Intrinsic Value of TV Today Network Ltd as of November 14, 2024 is: 111.36

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 14, 2024, TV Today Network Ltd is Overvalued by 41.08% compared to the current share price 189.00

Last 5 Year EPS CAGR: -5.52%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 22.08%, which is a positive sign.
  2. The company has higher reserves (689.92 cr) compared to borrowings (26.00 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (636.69 cr) and profit (144.38 cr) over the years.
  1. The stock has a high average Working Capital Days of 121.58, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 96.17, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in TV Today Network Ltd:
    1. Net Profit Margin: 5.92%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 9.54% (Industry Average ROCE: 37.18%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 6.49% (Industry Average ROE: 10.95%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 18.92
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 3.87
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 10.9 (Industry average Stock P/E: 179.31)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.03
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

TV Today Network Ltd. is a Public Limited Listed company incorporated on 28/12/1999 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L92200DL1999PLC103001 and registration number is 103001. Currently Company is involved in the business activities of Television programming and broadcasting activities. Company’s Total Operating Revenue is Rs. 930.10 Cr. and Equity Capital is Rs. 29.83 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Entertainment & MediaF-26, 1st Floor, Connaught Circus, New Delhi Delhi 110001investors@aajtak.com
http://www.aajtak.in
Management
NamePosition Held
Mr. Aroon PurieChairman & Wholetime Director
Ms. Kalli Purie BhandalVice Chairperson & M.D
Mr. Devajyoti N BhattacharyaNon Exe.Non Ind.Director
Mrs. Neera MalhotraIndependent Director
Mr. Jaivir SinghIndependent Director
Mr. Rajeev GuptaIndependent Director

FAQ

What is the latest intrinsic value of TV Today Network Ltd?

The latest intrinsic value of TV Today Network Ltd as on 14 November 2024 is ₹117.87, which is 37.63% lower than the current market price of ₹189.00.

What is the Market Cap of TV Today Network Ltd?

The Market Cap of TV Today Network Ltd is 1,129 Cr..

What is the current Stock Price of TV Today Network Ltd as on 14 November 2024?

The current stock price of TV Today Network Ltd as on 14 November 2024 is ₹189.

What is the High / Low of TV Today Network Ltd stocks in FY 2024?

In FY 2024, the High / Low of TV Today Network Ltd stocks is 308/186.

What is the Stock P/E of TV Today Network Ltd?

The Stock P/E of TV Today Network Ltd is 10.9.

What is the Book Value of TV Today Network Ltd?

The Book Value of TV Today Network Ltd is 147.

What is the Dividend Yield of TV Today Network Ltd?

The Dividend Yield of TV Today Network Ltd is 4.49 %.

What is the ROCE of TV Today Network Ltd?

The ROCE of TV Today Network Ltd is 9.68 %.

What is the ROE of TV Today Network Ltd?

The ROE of TV Today Network Ltd is 7.04 %.

What is the Face Value of TV Today Network Ltd?

The Face Value of TV Today Network Ltd is 5.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in TV Today Network Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE