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Last Updated on: 27 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Fundamental Analysis of Entertainment Network (India) Ltd

About the Company - Entertainment Network (India) Ltd

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
Ms. Sukanya KripaluIndependent Director
Mr. Ravindra KulkarniIndependent Director
Mr. N KumarIndependent Director

Basic Stock Data of Entertainment Network (India) Ltd

Last Updated: July 26, 2024, 10:49 pm

Market Cap 1,168 Cr.
Current Price 245
High / Low359/140
Stock P/E37.2
Book Value 162
Dividend Yield0.41 %
ROCE5.64 %
ROE4.14 %
Face Value 10.0
PEG Ratio-12.31

Data Source: screener.in

Competitors of Entertainment Network (India) Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Encash Entertainment Ltd 11.3 Cr. 29.032.0/29.0 21.80.00 %3.74 %3.85 % 10.0
Diksat Transworld Ltd 237 Cr. 135165/120226 14.40.00 %3.33 %4.35 % 10.0
Cyber Media (India) Ltd 47.8 Cr. 30.644.0/15.011.0 2.920.00 %55.8 %% 10.0
Colorchips New Media Ltd 31.8 Cr. 18.742.2/15.4 17.40.00 %2.77 %2.60 % 10.0
City Pulse Multiplex Ltd 116 Cr. 351352/67.3776 2710.00 %2.12 %3.25 % 10.0
Industry Average4,482.28 Cr144.78255.5262.780.18%11.66%12.54%5.98

Entertainment Network (India) Ltd Quarterly Results

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: July 10, 2024, 4:50 pm

Entertainment Network (India) Ltd Quarterly Chart

Entertainment Network (India) Ltd Profit & Loss

Last Updated: July 10, 2024, 4:50 pm

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%

Entertainment Network (India) Ltd Profit & Loss Yearly Chart

Entertainment Network (India) Ltd Growth

Compounded Sales Growth
10 Years:3%
5 Years:-3%
3 Years:25%
TTM:22%
Compounded Profit Growth
10 Years:-8%
5 Years:-8%
3 Years:40%
TTM:402%
Stock Price CAGR
10 Years:-6%
5 Years:-9%
3 Years:9%
1 Year:66%
Return on Equity
10 Years:3%
5 Years:-1%
3 Years:-1%
Last Year:4%

Last Updated: July 26, 2024, 6:23 am

Entertainment Network (India) Ltd Balance Sheet

Last Updated: July 10, 2024, 4:50 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital48484848484848484848484848
Reserves391455533627761810840888870754713698697
Borrowings0000250123104000235197192
Other Liabilities838696115123157167210403310110145136
Total Liabilities5215886767891,1821,1381,1581,1451,3211,1121,1061,0871,074
Fixed Assets1501209153371715674693847666641545509
CWIP000035766632212110
Investments184315433550237117165145236223217263244
Other Assets188153152186217240256285237222248277320
Total Assets5215886767891,1821,1381,1581,1451,3211,1121,1061,0871,074

Entertainment Network (India) Ltd Reserves and Borrowings Chart

Entertainment Network (India) Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 8310595109104106119119314093127
Cash from Investing Activity -115-98-89-33852-742-92136-40-38
Cash from Financing Activity -0-6-6231-154-33-116-46-37-45-43-40
Net Cash Flow-322022-16-20611050

Entertainment Network (India) Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days10910799105101106116108107153150110
Inventory Days
Days Payable
Cash Conversion Cycle10910799105101106116108107153150110
Working Capital Days625123243435413713275519
ROCE %19%18%18%19%15%8%6%8%3%-8%-3%1%

Entertainment Network (India) Ltd Financial Efficiency Indicators Chart

Entertainment Network (India) Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters71.15%71.15%71.15%71.15%71.15%71.15%71.15%71.15%71.15%71.15%71.15%71.15%
FIIs6.76%6.78%6.20%6.34%5.74%5.72%5.70%5.72%5.75%5.76%5.80%5.76%
DIIs9.34%6.99%6.18%5.42%5.40%5.40%5.40%5.55%5.12%5.09%5.09%4.44%
Public12.75%15.07%16.47%17.08%17.71%17.73%17.75%17.59%17.97%17.99%17.96%18.64%
No. of Shareholders13,03913,80018,08116,02815,61815,34115,58615,56215,69715,59215,31915,581

Entertainment Network (India) Ltd Shareholding Pattern Chart

No. of Entertainment Network (India) Ltd Shareholders

Entertainment Network (India) Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
ICICI Prudential Multi Asset Fund1,593,6940.1130.381,593,6942024-07-210%

Entertainment Network (India) Ltd ROCE Trend

Entertainment Network (India) Ltd EPS Trend

Entertainment Network (India) Ltd 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) (%)0.00-44.31-13.13-4.3144.50
Dividend Payout Ratio (CP) (%)0.006.418.72-42.264.14
Earning Retention Ratio (%)0.00144.31113.13104.3155.50
Cash Earning Retention Ratio (%)0.0093.5991.28142.2695.86
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 (%)0.00144.31113.13104.3155.49
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

Entertainment Network (India) Ltd Profitability Ratios (%)

Entertainment Network (India) Ltd Liquidity Ratios

Entertainment Network (India) Ltd Liquidity Ratios (%)

Entertainment Network (India) Ltd Interest Coverage Ratios (%)

Entertainment Network (India) Ltd Valuation Ratios

Fair Value

Fair Value: 250.52

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: 2.25% compared to the current price 245

Intrinsic Value: 242.95

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.

Overvalued: 0.84% compared to the current price 245

Last 5 Year EPS CAGR: -3.02%

*Investments are subject to market risks

Strength and Weakness of Entertainment Network (India) Ltd Stock

StrengthWeakness
  1. The company has higher reserves (722.75 cr) compared to borrowings (91.83 cr), indicating strong financial stability.
  2. 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 8.67%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 35.08, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 114.25, which may not be favorable.

FAQ

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

The latest fair value of Entertainment Network (India) Ltd is ₹250.52.

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

The Market Cap of Entertainment Network (India) Ltd is 1,168 Cr..

What is the current Stock Price of Entertainment Network (India) Ltd as on 27 July 2024?

The current stock price of Entertainment Network (India) Ltd as on 27 July 2024 is 245.

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 359/140.

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

The Stock P/E of Entertainment Network (India) Ltd is 37.2.

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

The Book Value of Entertainment Network (India) Ltd is 162.

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

The Dividend Yield of Entertainment Network (India) Ltd is 0.41 %.

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

The ROCE of Entertainment Network (India) Ltd is 5.64 %.

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

The ROE of Entertainment Network (India) Ltd is 4.14 %.

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