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Last Updated on: 24 June, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 532382 | NSE: BALAJITELE

Fundamental Analysis of Balaji Telefilms Ltd

Basic Stock Data

Last Updated: June 24, 2024, 8:44 pm

Market Cap 709 Cr.
Current Price 70.0
High / Low144/42.0
Stock P/E36.6
Book Value 42.5
Dividend Yield0.00 %
ROCE8.58 %
ROE4.63 %
Face Value 2.00
PEG Ratio0.64

Competitors of Balaji Telefilms Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Sun TV Network Ltd 29,777 Cr. 756793/42215.5 2672.22 %26.3 %19.4 % 5.00
Siti Networks Ltd 55.8 Cr. 0.641.15/0.50 8.900.00 %49.9 %% 1.00
Zee Media Corporation Ltd 937 Cr. 15.018.3/7.70 4.630.00 %18.3 %29.9 % 1.00
Saregama India Ltd 10,686 Cr. 554575/31054.1 76.10.72 %19.4 %14.1 % 1.00
BMB Music & Magnetics Ltd 1.56 Cr. 2.584.89/2.1131.2 3.930.00 %%2.13 % 10.0
Industry Average2,615.44 Cr134.11122.0566.340.16%10.74%9.61%5.63

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales105.5174.8864.7876.7676.20119.12118.82164.19165.43144.53152.14199.55138.33
Expenses129.49116.1595.13115.3697.55150.51139.18179.05160.81133.04131.02181.13134.14
Operating Profit-23.98-41.27-30.35-38.60-21.35-31.39-20.36-14.864.6211.4921.1218.424.19
OPM %-22.73%-55.11%-46.85%-50.29%-28.02%-26.35%-17.14%-9.05%2.79%7.95%13.88%9.23%3.03%
Other Income2.3113.281.171.740.493.931.470.652.718.620.713.710.73
Interest0.190.820.150.120.221.271.081.302.782.993.073.201.96
Depreciation7.355.954.103.773.523.643.293.272.041.771.842.072.06
Profit before tax-29.21-34.76-33.43-40.75-24.60-32.37-23.26-18.782.5115.3516.9216.860.90
Tax %-8.32%-14.67%-1.44%3.29%-7.52%-3.18%-5.29%1.06%204.78%49.64%37.35%31.26%123.33%
Net Profit-31.65-39.86-33.91-39.40-26.46-33.40-24.49-18.59-2.647.7210.6011.59-0.19
EPS in Rs-3.13-3.94-3.34-3.87-2.59-3.28-2.40-1.83-0.140.691.041.17-0.01

Last Updated: June 7, 2024, 8:34 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: June 1, 2024, 11:29 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales188186407346293419413428574294337593635
Expenses188178429340288438465533563398459612579
Operating Profit-08-2265-20-52-10511-104-122-2055
OPM %-0%4%-5%2%2%-5%-13%-25%2%-35%-36%-3%9%
Other Income271818111320103292471414
Interest00100100322811
Depreciation78689131818392915108
Profit before tax2018-1189-13-60-91-22-110-131-2450
Tax %-5%20%-53%34%140%-131%22%-7%-166%-8%-2%-57%
Net Profit2015-176-4-30-46-98-59-119-133-3830
EPS in Rs3.132.24-2.640.86-0.47-3.71-4.46-9.63-5.81-11.75-13.09-3.672.89
Dividend Payout %6%18%-30%70%-254%-11%-9%-4%-7%-2%-2%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-25.00%-213.33%135.29%-166.67%-650.00%-53.33%-113.04%39.80%-101.69%-11.76%71.43%
Change in YoY Net Profit Growth (%)0.00%-188.33%348.63%-301.96%-483.33%596.67%-59.71%152.84%-141.49%89.93%83.19%

Growth

Compounded Sales Growth
10 Years:4%
5 Years:8%
3 Years:29%
TTM:5%
Compounded Profit Growth
10 Years:10%
5 Years:17%
3 Years:29%
TTM:142%
Stock Price CAGR
10 Years:1%
5 Years:2%
3 Years:0%
1 Year:53%
Return on Equity
10 Years:-9%
5 Years:-13%
3 Years:-12%
Last Year:5%

Last Updated: June 18, 2024, 6:17 am

Balaji Telefilms Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital13131313151520202020202020
Reserves378390370369520492833742672553424386406
Preference Capital000000000000
Borrowings000000003054810592
Other Liabilities334652487412196118166189186183203
Total Liabilities425449435430609628949880888767679694722
Fixed Assets32272228343642385927222222
CWIP10102112120000
Investments22815019717721819847430012643191029
Other Assets165272215224355384431542701697638662671
Total Assets425449435430609628949880888767679694722

Reserves and Borrowings Chart

Balaji Telefilms Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -18-8239-2-107-13-104-178-134-10-120-47
Cash from Investing Activity 2089-3910-2212-275183168841913
Cash from Financing Activity -1-2-3-51350391-5-33-163544
Net Cash Flow15-346-112-0158-6510

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow0.008.00-22.006.005.00-20.00-52.00-105.0011.00-104.00-122.00-20.00

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days6678357110185838411214912394
Inventory Days1921,3162,0941,439
Days Payable939631,2191,099
Cash Conversion Cycle667835712004399588445314912394
Working Capital Days12031778100228144174262284348322173
ROCE %1%1%-5%1%-0%-4%-7%-11%-3%-18%-24%-5%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters34.34%34.34%34.34%34.34%34.34%34.34%34.34%34.34%34.34%34.34%34.34%34.21%
FIIs18.43%18.31%18.34%18.34%18.48%18.29%18.31%18.28%18.39%18.58%18.57%18.90%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.25%0.00%
Public47.22%47.34%47.32%47.32%47.17%47.36%47.35%47.37%47.26%47.08%46.83%46.89%
No. of Shareholders33,29737,09535,32732,38233,72735,55034,90734,62733,71732,37935,65735,353

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)1.96-3.67-13.09-11.75-5.81
Diluted EPS (Rs.)1.95-3.67-13.08-11.75-5.81
Cash EPS (Rs.)2.71-2.95-11.68-8.93-1.99
Book Value[Excl.RevalReserv]/Share (Rs.)42.4840.2744.0356.7068.45
Book Value[Incl.RevalReserv]/Share (Rs.)42.4840.2744.0356.7068.45
Revenue From Operations / Share (Rs.)61.5758.6333.3129.0456.71
PBDIT / Share (Rs.)5.12-0.55-11.31-8.961.91
PBIT / Share (Rs.)4.32-1.37-12.80-11.78-1.93
PBT / Share (Rs.)3.28-2.39-12.97-10.91-2.19
Net Profit / Share (Rs.)1.91-3.76-13.17-11.76-5.83
NP After MI And SOA / Share (Rs.)1.95-3.67-13.09-11.75-5.81
PBDIT Margin (%)8.31-0.95-33.95-30.833.37
PBIT Margin (%)7.01-2.33-38.41-40.56-3.40
PBT Margin (%)5.32-4.07-38.93-37.58-3.86
Net Profit Margin (%)3.10-6.40-39.53-40.48-10.27
NP After MI And SOA Margin (%)3.16-6.26-39.28-40.46-10.24
Return on Networth / Equity (%)4.58-9.13-29.81-20.72-8.49
Return on Capital Employeed (%)10.13-3.37-29.02-20.74-2.78
Return On Assets (%)2.79-5.34-19.50-15.49-6.62
Total Debt / Equity (X)0.170.240.100.000.00
Asset Turnover Ratio (%)0.890.500.240.300.55
Current Ratio (X)1.801.752.142.984.03
Quick Ratio (X)1.111.061.201.843.19
Dividend Payout Ratio (NP) (%)0.000.00-1.523.42-13.76
Dividend Payout Ratio (CP) (%)0.000.00-1.724.51-40.58
Earning Retention Ratio (%)0.000.00101.520.00113.76
Cash Earning Retention Ratio (%)0.000.00101.720.00140.58
Interest Coverage Ratio (X)4.92-0.54-65.24-54.107.27
Interest Coverage Ratio (Post Tax) (X)2.83-2.66-74.96-76.28-21.15
Enterprise Value (Cr.)788.02444.86751.20501.76364.40
EV / Net Operating Revenue (X)1.260.752.231.710.63
EV / EBITDA (X)15.17-78.61-6.57-5.5418.84
MarketCap / Net Operating Revenue (X)1.200.632.131.970.67
Retention Ratios (%)0.000.00101.520.00113.76
Price / BV (X)1.740.921.621.010.55
Price / Net Operating Revenue (X)1.200.632.131.970.67
EarningsYield0.02-0.09-0.18-0.20-0.15

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 73.46

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.

Undervalued: 4.94% compared to the current price 70

Intrinsic Value: 115.72

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 65.31% compared to the current price ₹70

Last 5 Year EPS CAGR: 57.53%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (502.69 cr) compared to borrowings (0.00 cr), indicating strong financial stability.
  1. The stock has a low average ROCE of -6.17%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 212.50, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 229.17, which may not be favorable.
  4. The company has not shown consistent growth in sales (393.31) and profit (-27.46).

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 Balaji Telefilms Ltd:
    1. Net Profit Margin: 3.10%
      • 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: 10.13% (Industry Average ROCE: %)
      • 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%: 4.58% (Industry Average ROE: %)
      • 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): 2.83
      • 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: 1.11
      • 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: 36.6 (Industry average Stock P/E: )
      • 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: 0.17
      • 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

Balaji Telefilms Ltd. is a Public Limited Listed company incorporated on 10/11/1994 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L99999MH1994PLC082802 and registration number is 082802. Currently Company is involved in the business activities of Motion picture, video and television programme activities. Company’s Total Operating Revenue is Rs. 242.12 Cr. and Equity Capital is Rs. 20.23 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Entertainment & MediaC 13, Balaji House, Mumbai Maharashtra 400053investor@balajitelefilms.com
http://www.balajitelefilms.com
Management
NamePosition Held
Mr. Jeetendra KapoorPromoter & Non Executive Chairman
Mrs. Shobha KapoorPromoter Managing Director
Ms. Ekta KapoorJoint Managing Director
Ms. Priyanka ChaudharyNon Executive Director
Mrs. Jyoti DeshpandeNon Executive Director
Mr. Pradeep Kumar SardaIndependent Director
Mr. Duraiswamy Gunaseela RajanIndependent Director
Mr. Arun Kumar PurwarIndependent Director
Mr. Devender Kumar VasalIndependent Director
Dr. Archana HingoraniIndependent Director

FAQ

What is the latest fair value of Balaji Telefilms Ltd?

The latest fair value of Balaji Telefilms Ltd is ₹73.46.

What is the Market Cap of Balaji Telefilms Ltd?

The Market Cap of Balaji Telefilms Ltd is 709 Cr..

What is the current Stock Price of Balaji Telefilms Ltd as on 24 June 2024?

The current stock price of Balaji Telefilms Ltd as on 24 June 2024 is ₹70.0.

What is the High / Low of Balaji Telefilms Ltd stocks in FY 2024?

In FY 2024, the High / Low of Balaji Telefilms Ltd stocks is 144/42.0.

What is the Stock P/E of Balaji Telefilms Ltd?

The Stock P/E of Balaji Telefilms Ltd is 36.6.

What is the Book Value of Balaji Telefilms Ltd?

The Book Value of Balaji Telefilms Ltd is 42.5.

What is the Dividend Yield of Balaji Telefilms Ltd?

The Dividend Yield of Balaji Telefilms Ltd is 0.00 %.

What is the ROCE of Balaji Telefilms Ltd?

The ROCE of Balaji Telefilms Ltd is 8.58 %.

What is the ROE of Balaji Telefilms Ltd?

The ROE of Balaji Telefilms Ltd is 4.63 %.

What is the Face Value of Balaji Telefilms Ltd?

The Face Value of Balaji Telefilms Ltd is 2.00.

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 Balaji Telefilms 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