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Last Updated on: 17 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

New Delhi Television Ltd (NDTV): Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 15, 2024, 2:14 pm

Market Cap 1,079 Cr.
Current Price 167
High / Low308/154
Stock P/E
Book Value 24.4
Dividend Yield0.00 %
ROCE4.17 %
ROE7.35 %
Face Value 4.00
PEG Ratio0.00

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

View Share Price Target for New Delhi Television Ltd (NDTV)

Competitors of New Delhi Television Ltd (NDTV)

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Hathway Bhawani Cabletel & Datacom Ltd 14.3 Cr. 17.723.7/16.2 1.990.00 %2.26 %2.26 % 10.0
G V Films Ltd 136 Cr. 0.731.20/0.46 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 256 Cr. 146149/126246 14.40.00 %3.36 %4.21 % 10.0
Cyber Media (India) Ltd 42.1 Cr. 26.944.0/17.217.1 0.650.00 %45.5 %% 10.0
Industry Average3,444.60 Cr151.65203.7852.890.16%37.18%10.95%5.86

All Competitor Stocks of New Delhi Television Ltd (NDTV)

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales10685859111610410810610567709698
Expenses758669777875788683828091106
Operating Profit31-116153929301922-15-105-9
OPM %29%-2%19%16%33%28%28%18%21%-22%-14%5%-9%
Other Income4401172662315542
Interest5843211111001
Depreciation2355555553222
Profit before tax272818143430311620-4-76-10
Tax %17%14%9%10%13%13%16%18%25%69%-14%1%-2%
Net Profit232417123026261315-1-86-10
EPS in Rs3.154.052.481.874.293.753.601.862.000.09-1.260.92-1.48

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
Sales483527459571566490426399373358396386330
Expenses535520524553600532465358322283294328359
Operating Profit-527-6518-34-42-4041527410258-28
OPM %-11%1%-14%3%-6%-9%-9%10%14%21%26%15%-9%
Other Income16533671142192049232526
Interest222320212122212825231033
Depreciation28282725251815121110191710
Profit before tax-869-76-21-68-78-742136909663-15
Tax %-10%93%-11%-119%-11%-10%-15%45%21%17%12%16%
Net Profit-941-85-44-74-86-841128758553-14
EPS in Rs-13.550.30-12.59-6.83-8.50-12.47-12.411.593.7611.0012.387.56-1.73
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%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 (%)101.06%-8600.00%48.24%-68.18%-16.22%2.33%113.10%154.55%167.86%13.33%-37.65%
Change in YoY Net Profit Growth (%)0.00%-8701.06%8648.24%-116.42%51.97%18.54%110.77%41.45%13.31%-154.52%-50.98%

New Delhi Television Ltd (NDTV) 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:-2%
5 Years:-1%
3 Years:1%
TTM:21%
Compounded Profit Growth
10 Years:6%
5 Years:%
3 Years:%
TTM:-4678%
Stock Price CAGR
10 Years:4%
5 Years:41%
3 Years:26%
1 Year:-12%
Return on Equity
10 Years:-3%
5 Years:21%
3 Years:13%
Last Year:-7%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 7:59 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital26262626262626262626262626
Reserves17090485677234062126207254233132
Borrowings22418818815817019115812175228113212
Other Liabilities280304324309205263270285228225179228251
Total Liabilities700608586548478503493494454479466599620
Fixed Assets140111988778655864606849133215
CWIP31120100000360
Investments19181012132023104232323536
Other Assets538478478448386418413419351379385395370
Total Assets700608586548478503493494454479466599620

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +-761-19-3-741271643155-13-68
Cash from Investing Activity +-1476059-1795-15749-784050
Cash from Financing Activity +-7-56-22-6-62-58-72-72-81-1921
Net Cash Flow-230519-25-449-4718-21-574

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-52.00-217.00-253.00-170.00-192.00-212.00-231.00-117.00-69.00-1.0080.0050.00

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 Days131121118951141211241441086870128
Inventory Days
Days Payable
Cash Conversion Cycle131121118951141211241441086870128
Working Capital Days1209092517521416210-40-1121
ROCE %0%-14%2%-12%-15%-16%21%24%49%39%19%-4%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters61.45%61.45%61.45%61.45%61.44%69.71%69.71%69.71%69.71%69.71%69.71%64.71%
FIIs14.53%14.50%14.62%14.70%14.72%5.33%3.00%0.02%0.05%0.13%0.14%0.09%
DIIs0.00%0.00%0.28%0.00%0.00%0.00%0.00%0.00%0.02%0.00%0.00%0.00%
Public24.03%24.05%23.65%23.85%23.84%24.96%27.28%30.26%30.21%30.15%30.14%35.20%
No. of Shareholders23,98826,84328,32030,66456,60266,29881,46888,26184,20285,84683,76984,426

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
FaceValue4.004.004.004.004.00
Basic EPS (Rs.)-3.147.5612.3811.003.76
Diluted EPS (Rs.)-3.147.5612.3811.003.76
Cash EPS (Rs.)-1.8810.7915.7213.136.22
Book Value[Excl.RevalReserv]/Share (Rs.)44.3447.8439.8226.4415.67
Book Value[Incl.RevalReserv]/Share (Rs.)44.3447.8439.8226.4415.67
Revenue From Operations / Share (Rs.)57.3959.8561.4855.4757.88
PBDIT / Share (Rs.)-0.9611.0119.0619.1311.26
PBIT / Share (Rs.)-2.438.3516.1217.629.58
PBT / Share (Rs.)-3.149.7314.5414.015.72
Net Profit / Share (Rs.)-3.358.1312.7811.624.55
NP After MI And SOA / Share (Rs.)-3.147.5612.3811.003.76
PBDIT Margin (%)-1.6718.3931.0034.4819.44
PBIT Margin (%)-4.2313.9526.2231.7616.55
PBT Margin (%)-5.4716.2623.6525.249.88
Net Profit Margin (%)-5.8313.5920.7820.947.85
NP After MI And SOA Margin (%)-5.4612.6220.1419.826.49
Return on Networth / Equity (%)-7.8317.4234.2846.7427.46
Return on Capital Employeed (%)-3.8316.5937.6256.7543.43
Return On Assets (%)-3.3710.4516.6515.614.90
Long Term Debt / Equity (X)0.110.000.010.060.20
Total Debt / Equity (X)0.110.010.030.391.13
Asset Turnover Ratio (%)0.690.810.420.340.37
Current Ratio (X)1.221.561.270.901.06
Quick Ratio (X)1.221.561.270.901.06
Interest Coverage Ratio (X)-1.3524.8312.065.302.92
Interest Coverage Ratio (Post Tax) (X)-3.7015.249.084.222.18
Enterprise Value (Cr.)1385.721174.621374.61417.66232.55
EV / Net Operating Revenue (X)3.753.043.471.170.62
EV / EBITDA (X)-223.8616.5511.183.393.20
MarketCap / Net Operating Revenue (X)3.663.213.681.020.43
Price / BV (X)5.254.436.262.411.86
Price / Net Operating Revenue (X)3.663.213.681.020.43
EarningsYield-0.010.030.050.190.14

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of New Delhi Television Ltd (NDTV) as of November 17, 2024 is: 27.44

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 17, 2024, New Delhi Television Ltd (NDTV) is Overvalued by 83.57% compared to the current share price 167.00

Default values used*: Default value of 15 for Stock P/E is used

Intrinsic Value of New Delhi Television Ltd (NDTV) as of November 17, 2024 is: 18.88

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 17, 2024, New Delhi Television Ltd (NDTV) is Overvalued by 88.69% compared to the current share price 167.00

Default values used*: Default value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -31.21%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
    1. The stock has a low average ROCE of 7.75%, which may not be favorable.
    2. The stock has a high average Working Capital Days of 44.33, which may not be favorable.
    3. The stock has a high average Cash Conversion Cycle of 111.83, which may not be favorable.
    4. The company has higher borrowings (140.62) compared to reserves (116.77), which may suggest financial risk.
    5. The company has not shown consistent growth in sales (443.38) and profit (-7.92).

    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 New Delhi Television Ltd (NDTV):
      1. Net Profit Margin: -5.83%
        • 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: -3.83% (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%: -7.83% (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): -3.7
        • 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: 1.22
        • 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: 0 (Industry average Stock P/E: 203.78)
        • 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: 0.11
        • 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

    New Delhi Television Ltd. is a Public Limited Listed company incorporated on 08/09/1988 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L92111DL1988PLC033099 and registration number is 033099. Currently Company is involved in the business activities of Television programming and broadcasting activities. Company’s Total Operating Revenue is Rs. 230.91 Cr. and Equity Capital is Rs. 25.79 Cr. for the Year ended 31/03/2022.
    INDUSTRYADDRESSCONTACT
    Entertainment & MediaW-17, 2nd Floor, Greater Kailash - I, New Delhi Delhi 110048corporate@ndtv.com
    http://www.ndtv.com
    Management
    NamePosition Held
    Mr. Upendra Kumar SinhaChairman & Ind.Director
    Mr. Sanjay PugaliaWhole Time Director
    Mr. Senthil Sinniah ChengalvarayanWhole Time Director
    Ms. Dipali Balkrishan GoenkaIndependent Director
    Mr. Viral Jagdish DoshiIndependent Director
    Mr. Dinesh Kumar MittalIndependent Director

    FAQ

    What is the latest intrinsic value of New Delhi Television Ltd (NDTV)?

    The latest intrinsic value of New Delhi Television Ltd (NDTV) as on 17 November 2024 is ₹27.44, which is 83.57% lower than the current market price of ₹167.00.

    What is the Market Cap of New Delhi Television Ltd (NDTV)?

    The Market Cap of New Delhi Television Ltd (NDTV) is 1,079 Cr..

    What is the current Stock Price of New Delhi Television Ltd (NDTV) as on 17 November 2024?

    The current stock price of New Delhi Television Ltd (NDTV) as on 17 November 2024 is ₹167.

    What is the High / Low of New Delhi Television Ltd (NDTV) stocks in FY 2024?

    In FY 2024, the High / Low of New Delhi Television Ltd (NDTV) stocks is 308/154.

    What is the Stock P/E of New Delhi Television Ltd (NDTV)?

    The Stock P/E of New Delhi Television Ltd (NDTV) is .

    What is the Book Value of New Delhi Television Ltd (NDTV)?

    The Book Value of New Delhi Television Ltd (NDTV) is 24.4.

    What is the Dividend Yield of New Delhi Television Ltd (NDTV)?

    The Dividend Yield of New Delhi Television Ltd (NDTV) is 0.00 %.

    What is the ROCE of New Delhi Television Ltd (NDTV)?

    The ROCE of New Delhi Television Ltd (NDTV) is 4.17 %.

    What is the ROE of New Delhi Television Ltd (NDTV)?

    The ROE of New Delhi Television Ltd (NDTV) is 7.35 %.

    What is the Face Value of New Delhi Television Ltd (NDTV)?

    The Face Value of New Delhi Television Ltd (NDTV) is 4.00.

    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 New Delhi Television Ltd (NDTV). 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