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Last Updated on: 21 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Entertainment Network (India) Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 21, 2024, 10:14 pm

Market Cap 841 Cr.
Current Price 176
High / Low359/175
Stock P/E36.4
Book Value 158
Dividend Yield0.85 %
ROCE5.86 %
ROE4.32 %
Face Value 10.0
PEG Ratio-12.05

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

View Share Price Target for Entertainment Network (India) Ltd

Competitors of Entertainment Network (India) Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Hathway Bhawani Cabletel & Datacom Ltd 14.4 Cr. 17.823.7/16.2 1.990.00 %2.26 %2.26 % 10.0
G V Films Ltd 134 Cr. 0.721.20/0.46 0.610.00 %2.27 %2.08 % 1.00
Encash Entertainment Ltd 11.3 Cr. 29.029.0/29.0 21.30.00 %3.81 %3.93 % 10.0
Diksat Transworld Ltd 255 Cr. 146149/126245 14.40.00 %3.36 %4.21 % 10.0
Cyber Media (India) Ltd 40.0 Cr. 25.544.0/17.216.3 0.650.00 %45.5 %% 10.0
Industry Average3,413.20 Cr149.651,179.8252.880.16%37.18%10.95%5.86

All Competitor Stocks of Entertainment Network (India) Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales8610042731041039910913410996117161
Expenses6576606366859388121928196115
Operating Profit2124-181037176211217162246
OPM %24%24%-43%13%36%17%6%19%9%15%16%19%29%
Other Income33-9364434295966
Interest5445544544444
Depreciation25242223222221232320192020
Profit before tax25-97-39-1414-6-16-5-6-21428
Tax %26%31%24%23%28%10%13%90%-29%-12%-17%17%14%
Net Profit18-66-29-1110-5-14-1-8-31324
EPS in Rs3.86-13.90-6.18-2.272.16-1.05-2.86-0.13-1.77-0.580.240.695.01

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales311340384438509556537621548272319440433
Expenses211235260293350430420482423256274369351
Operating Profit10010412514515812611713912516457182
OPM %32%31%32%33%31%23%22%22%23%6%14%16%19%
Other Income121723323520131613-53141627
Interest0000014541919171716
Depreciation333232333654636710499878581
Profit before tax799011614515779628415-155-45-1512
Tax %29%24%28%27%31%30%43%36%29%29%20%30%
Net Profit56688410610955365411-110-36-1110
EPS in Rs11.7714.3317.5422.2322.7611.577.4811.312.25-23.18-7.61-2.261.93
Dividend Payout %0%7%6%4%4%9%13%9%45%-4%-13%-44%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)21.43%23.53%26.19%2.83%-49.54%-34.55%50.00%-79.63%-1100.00%67.27%69.44%
Change in YoY Net Profit Growth (%)0.00%2.10%2.66%-23.36%-52.37%15.00%84.55%-129.63%-1020.37%1167.27%2.17%

Entertainment Network (India) Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:3%
5 Years:-3%
3 Years:25%
TTM:13%
Compounded Profit Growth
10 Years:-8%
5 Years:-10%
3 Years:39%
TTM:237%
Stock Price CAGR
10 Years:-10%
5 Years:-5%
3 Years:-3%
1 Year:-7%
Return on Equity
10 Years:1%
5 Years:-5%
3 Years:-8%
Last Year:4%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 12:34 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital48484848484848484848484848
Reserves455533627761810840888870754713544724707
Borrowings000250123104000235197193172
Other Liabilities8696115123157167210403310110413292269
Total Liabilities5886767891,1821,1381,1581,1451,3211,1121,1061,2011,2561,196
Fixed Assets1209153371715674693847666641546497449
CWIP000357666322121110
Investments315433550237117165145236223217283308383
Other Assets153152186217240256285237222248372450364
Total Assets5886767891,1821,1381,1581,1451,3211,1121,1061,2011,2561,196

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +83105951091041061191193140114127
Cash from Investing Activity +-115-98-89-33852-742-92136-59-41
Cash from Financing Activity +-0-6-6231-154-33-116-46-37-45-43-40
Net Cash Flow-322022-16-20611247

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow100.00104.00125.00145.00-92.003.0013.00139.00125.0016.00-190.00-126.00

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 Days10799105101106116108107153150104124
Inventory Days
Days Payable
Cash Conversion Cycle10799105101106116108107153150104124
Working Capital Days51232434354137132755-158-42
ROCE %18%18%19%15%8%6%8%3%-8%-3%-17%6%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters71.15%71.15%71.15%71.15%71.15%71.15%71.15%71.15%71.15%71.15%71.15%71.15%
FIIs6.34%5.74%5.72%5.70%5.72%5.75%5.76%5.80%5.76%5.77%6.14%5.96%
DIIs5.42%5.40%5.40%5.40%5.55%5.12%5.09%5.09%4.44%4.44%4.06%4.06%
Public17.08%17.71%17.73%17.75%17.59%17.97%17.99%17.96%18.64%18.61%18.66%18.83%
No. of Shareholders16,02815,61815,34115,58615,56215,69715,59215,31915,58115,77718,68819,441

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
ICICI Prudential Multi Asset Fund1,593,6940.1130.381,593,6942024-11-160%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)6.92-2.21-7.60-23.182.25
Diluted EPS (Rs.)6.92-2.21-7.60-23.182.25
Cash EPS (Rs.)23.6615.6311.48-2.3724.10
Book Value[Excl.RevalReserv]/Share (Rs.)162.03156.56159.65168.29192.42
Book Value[Incl.RevalReserv]/Share (Rs.)162.03156.56159.65168.29192.42
Revenue From Operations / Share (Rs.)112.3492.2967.8257.08114.99
PBDIT / Share (Rs.)28.0219.5413.477.3829.10
PBIT / Share (Rs.)11.281.70-5.61-13.437.25
PBT / Share (Rs.)8.33-2.35-9.44-32.433.16
Net Profit / Share (Rs.)6.92-2.21-7.59-23.182.25
NP After MI And SOA / Share (Rs.)6.81-2.26-7.62-23.182.25
PBDIT Margin (%)24.9421.1619.8512.9325.31
PBIT Margin (%)10.031.83-8.27-23.536.30
PBT Margin (%)7.41-2.54-13.91-56.812.75
Net Profit Margin (%)6.15-2.39-11.20-40.611.95
NP After MI And SOA Margin (%)6.06-2.44-11.22-40.611.95
Return on Networth / Equity (%)4.21-1.44-4.76-13.771.16
Return on Capital Employeed (%)5.710.86-2.71-6.403.00
Return On Assets (%)2.58-0.98-3.28-9.930.81
Asset Turnover Ratio (%)0.450.400.270.210.44
Current Ratio (X)1.912.813.093.352.54
Quick Ratio (X)1.912.813.093.352.54
Dividend Payout Ratio (NP) (%)14.67-44.31-13.13-4.3144.50
Dividend Payout Ratio (CP) (%)4.246.418.72-42.264.14
Earning Retention Ratio (%)85.33144.31113.13104.3155.50
Cash Earning Retention Ratio (%)95.7693.5991.28142.2695.86
Interest Coverage Ratio (X)8.695.593.521.867.12
Interest Coverage Ratio (Post Tax) (X)3.060.75-0.98-1.051.55
Enterprise Value (Cr.)1160.79531.20951.27684.28567.95
EV / Net Operating Revenue (X)2.171.212.942.511.04
EV / EBITDA (X)8.695.7014.8219.444.09
MarketCap / Net Operating Revenue (X)2.321.262.982.551.04
Retention Ratios (%)85.32144.31113.13104.3155.49
Price / BV (X)1.610.741.270.860.62
Price / Net Operating Revenue (X)2.321.262.982.551.04
EarningsYield0.02-0.01-0.03-0.150.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Entertainment Network (India) Ltd as of November 21, 2024 is: 250.56

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 21, 2024, Entertainment Network (India) Ltd is Undervalued by 42.36% compared to the current share price 176.00

Intrinsic Value of Entertainment Network (India) Ltd as of November 21, 2024 is: 242.99

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 21, 2024, Entertainment Network (India) Ltd is Undervalued by 38.06% compared to the current share price 176.00

Last 5 Year EPS CAGR: -3.02%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of 11.67, which is a positive sign.
  2. The company has higher reserves (709.69 cr) compared to borrowings (98.00 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (439.08 cr) and profit (48.00 cr) over the years.
  1. The stock has a low average ROCE of 6.08%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 115.00, 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 Entertainment Network (India) Ltd:
    1. Net Profit Margin: 6.15%
      • 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: 5.71% (Industry Average ROCE: 34.99%)
      • 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%: 4.21% (Industry Average ROE: 8.59%)
      • 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): 3.06
      • 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: 1.91
      • 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: 36.4 (Industry average Stock P/E: 601.48)
      • 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
      • 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

Entertainment Network (India) Ltd. is a Public Limited Listed company incorporated on 24/06/1999 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L92140MH1999PLC120516 and registration number is 120516. Currently Company is involved in the business activities of Radio broadcasting. Company’s Total Operating Revenue is Rs. 305.92 Cr. and Equity Capital is Rs. 47.67 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Entertainment & Media4th Floor, A-Wing, Matulya Centre, Mumbai Maharashtra 400013enil.investors@timesgroup.com
http://www.enil.co.in
Management
NamePosition Held
Mr. Vineet JainNon Executive Chairman
Mr. N SubramanianNon Executive Director
Mr. Richard SaldanhaIndependent Director
Mr. N KumarIndependent Director
Ms. Sukanya KripaluIndependent Director
Mr. Ravindra KulkarniIndependent Director
Mr. Mohit GuptaIndependent Director
Mr. Vivek SriramIndependent Director

FAQ

What is the latest intrinsic value of Entertainment Network (India) Ltd?

The latest intrinsic value of Entertainment Network (India) Ltd as on 21 November 2024 is ₹250.56, which is 42.36% higher than the current market price of ₹176.00.

What is the Market Cap of Entertainment Network (India) Ltd?

The Market Cap of Entertainment Network (India) Ltd is 841 Cr..

What is the current Stock Price of Entertainment Network (India) Ltd as on 21 November 2024?

The current stock price of Entertainment Network (India) Ltd as on 21 November 2024 is ₹176.

What is the High / Low of Entertainment Network (India) Ltd stocks in FY 2024?

In FY 2024, the High / Low of Entertainment Network (India) Ltd stocks is 359/175.

What is the Stock P/E of Entertainment Network (India) Ltd?

The Stock P/E of Entertainment Network (India) Ltd is 36.4.

What is the Book Value of Entertainment Network (India) Ltd?

The Book Value of Entertainment Network (India) Ltd is 158.

What is the Dividend Yield of Entertainment Network (India) Ltd?

The Dividend Yield of Entertainment Network (India) Ltd is 0.85 %.

What is the ROCE of Entertainment Network (India) Ltd?

The ROCE of Entertainment Network (India) Ltd is 5.86 %.

What is the ROE of Entertainment Network (India) Ltd?

The ROE of Entertainment Network (India) Ltd is 4.32 %.

What is the Face Value of Entertainment Network (India) Ltd?

The Face Value of Entertainment Network (India) Ltd is 10.0.

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 Entertainment Network (India) 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