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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Raj Television Network Ltd

About the Company - Raj Television Network Ltd

Raj Television Network Ltd. is a Public Limited Listed company incorporated on 03/06/1994 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L92490TN1994PLC027709 and registration number is 027709. Currently Company is involved in the business activities of Radio broadcasting. Company’s Total Operating Revenue is Rs. 69.26 Cr. and Equity Capital is Rs. 25.96 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Entertainment & Media32, Poes Road, Chennai (Madras) Tamil Nadu 600018administrator@rajtvnet.in
http://www.rajtvnet.in
Management
NamePosition Held
Mr. M RaajhendhranManaging Director
Mr. M RajarathnamDirector - Distribution
Mr. M RavindranDirector - Operations
Mr. M RaghunathanDirector - Marketing
Mrs. Vijayalakshmi RavindranNon Executive Director
Mr. Mohan KameswaranIndependent Director
Mrs. Bharathi SridharIndependent Director
Mr. R RajagopalanIndependent Director
Mr. S VenkateswaranIndependent Director

Raj Television Network Ltd. Share Price Update

Share PriceValue
Today₹62.05
Previous Day₹60.25

Basic Stock Data of Raj Television Network Ltd

Market Cap 327 Cr.
Current Price 63.0
High / Low75.2/37.0
Stock P/E248
Book Value 27.7
Dividend Yield0.00 %
ROCE3.03 %
ROE0.76 %
Face Value 5.00

Data Source: screener.in

Competitors of Raj Television Network Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
52 Weeks Entertainment Ltd 7.32 Cr. 2.102.26/1.1443.1 4.500.00 %0.56 %0.69 % 10.0
Padmalaya Telefilms Ltd 6.02 Cr. 3.544.45/1.71 9.710.00 %0.72 %0.72 % 10.0
Tips Industries Ltd 6,398 Cr. 498504/14353.4 14.31.20 %88.6 %64.0 % 1.00
Ortel Communications Ltd 4.12 Cr. 1.251.51/0.75 23.40.00 %13.4 %% 10.0
Sri Adhikari Brothers Television Network Ltd 13.1 Cr. 3.753.92/1.25 31.60.00 %%% 10.0
Industry Average7.31 Cr101.7319.316.70.24%20.66%13.08%8.2

Raj Television Network Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales16.7716.7730.5715.2616.9917.8419.1814.8514.5916.6738.6827.2723.45
Expenses16.9916.9917.5615.7716.1019.835.4912.2014.5816.4235.9025.7322.34
Operating Profit-0.22-0.2213.01-0.510.89-1.9913.692.650.010.252.781.541.11
OPM %-1.31%-1.31%42.56%-3.34%5.24%-11.15%71.38%17.85%0.07%1.50%7.19%5.65%4.73%
Other Income0.230.23-0.020.030.020.000.330.030.030.400.210.030.02
Interest1.411.412.431.061.720.570.900.820.780.750.730.710.64
Depreciation1.731.731.711.711.711.711.751.71-0.440.280.090.460.46
Profit before tax-3.13-3.138.85-3.25-2.52-4.2711.370.15-0.30-0.382.170.400.03
Tax %-15.02%-15.02%-12.99%2.77%1.98%1.17%4.31%26.67%26.67%34.21%30.41%37.50%33.33%
Net Profit-3.60-3.6010.00-3.15-2.47-4.2210.880.11-0.22-0.241.510.250.02
EPS in Rs-0.69-0.691.93-0.61-0.48-0.812.100.02-0.04-0.050.290.050.00

Raj Television Network Ltd Quarterly Chart

Raj Television Network Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales607579828261626259786985106
Expenses465856587754514948655779100
Operating Profit1418232458101411131266
OPM %24%24%30%30%6%12%17%22%19%16%17%7%5%
Other Income1-111012100011
Interest2456555546433
Depreciation3446777677721
Profit before tax10101613-5-30400122
Tax %6%4%19%37%-13%-57%3,525%-50%94%61%19%32%
Net Profit99138-6-5-1500112
EPS in Rs1.771.792.491.57-1.17-0.92-0.261.040.000.030.210.220.29
Dividend Payout %14%14%20%32%-21%-0%-0%10%-0%-0%-0%-0%

Raj Television Network Ltd Profit & Loss Yearly Chart

Raj Television Network Ltd Growth

Compounded Sales Growth
10 Years:1%
5 Years:7%
3 Years:13%
TTM:97%
Compounded Profit Growth
10 Years:-20%
5 Years:89%
3 Years:378%
TTM:-87%
Stock Price CAGR
10 Years:-8%
5 Years:7%
3 Years:23%
1 Year:48%
Return on Equity
10 Years:1%
5 Years:1%
3 Years:1%
Last Year:1%

Raj Television Network Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital13132626262626262626262626
Reserves8290131129122112111116115116117118118
Borrowings17214430344143363523242021
Other Liabilities1416151521810132234233715
Total Liabilities126139217200203187189191199198190201180
Fixed Assets53641141039911410911011010498120119
CWIP-0-0-0-0-0-0-0-0-0-0-0-0-0
Investments111-0-0-0-0-0-0-0-0-0-0
Other Assets7274101971057380818994928261
Total Assets126139217200203187189191199198190201180

Raj Television Network Ltd Reserves and Borrowings Chart

Raj Television Network Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 1121-8154-121219178331
Cash from Investing Activity -11-16-10-1-2-11-2-7-7-0-1-24
Cash from Financing Activity 7-516-20019-10-12-10-7-3-7
Net Cash Flow7-1-1-52-30000-0-0

Raj Television Network Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days228207268275293257290309333281306232
Inventory Days
Days Payable
Cash Conversion Cycle228207268275293257290309333281306232
Working Capital Days23015626428028921924921320619125096
ROCE %11%13%13%10%-0%1%3%5%3%4%3%3%

Raj Television Network Ltd Financial Efficiency Indicators Chart

Raj Television Network Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters71.42%71.42%71.40%71.42%71.42%71.42%71.42%71.42%71.42%71.42%71.42%71.42%
Public28.58%28.58%28.60%28.58%28.58%28.58%28.58%28.57%28.57%28.58%28.58%28.57%
No. of Shareholders7,5827,4367,2427,8937,9177,9337,9167,7287,6637,6107,6207,522

Raj Television Network Ltd Shareholding Pattern Chart

No. of Raj Television Network Ltd Shareholders

This stock is not held by any mutual fund

Raj Television Network Ltd ROCE Trend

Raj Television Network Ltd EPS Trend

Raj Television Network Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)0.220.210.030.001.04
Diluted EPS (Rs.)0.220.210.030.001.04
Cash EPS (Rs.)0.531.531.351.322.25
Book Value[Excl.RevalReserv]/Share (Rs.)19.1718.9518.7518.7218.84
Book Value[Incl.RevalReserv]/Share (Rs.)27.6927.4727.2627.2427.35
Dividend / Share (Rs.)0.000.000.000.000.10
Revenue From Operations / Share (Rs.)16.3313.3415.0911.3911.98
PBDIT / Share (Rs.)1.232.322.522.252.87
PBIT / Share (Rs.)0.911.001.200.921.66
PBT / Share (Rs.)0.310.250.060.060.69
Net Profit / Share (Rs.)0.210.200.020.001.04
PBDIT Margin (%)7.5017.4216.7119.7323.91
PBIT Margin (%)5.577.507.968.1513.83
PBT Margin (%)1.941.930.450.585.79
Net Profit Margin (%)1.321.560.160.028.67
Return on Networth / Equity (%)1.131.100.130.015.51
Return on Capital Employeed (%)3.033.243.923.075.31
Return On Assets (%)0.550.570.060.002.82
Long Term Debt / Equity (X)0.070.110.100.130.17
Total Debt / Equity (X)0.200.240.230.260.28
Asset Turnover Ratio (%)0.430.350.390.300.32
Current Ratio (X)1.262.261.781.541.98
Quick Ratio (X)1.262.091.771.521.96
Dividend Payout Ratio (NP) (%)0.000.000.004365.840.00
Dividend Payout Ratio (CP) (%)0.000.000.007.560.00
Earning Retention Ratio (%)0.000.000.00-4265.840.00
Cash Earning Retention Ratio (%)0.000.000.0092.440.00
Interest Coverage Ratio (X)2.073.132.232.612.97
Interest Coverage Ratio (Post Tax) (X)1.371.281.021.002.08
Enterprise Value (Cr.)221.92227.37182.29194.10213.15
EV / Net Operating Revenue (X)2.623.282.333.283.43
EV / EBITDA (X)34.8718.8413.9316.6314.33
MarketCap / Net Operating Revenue (X)2.412.972.072.893.02
Retention Ratios (%)0.000.000.00-4265.840.00
Price / BV (X)2.052.091.661.761.92
Price / Net Operating Revenue (X)2.412.972.072.893.02
EarningsYield0.010.010.000.000.02

Raj Television Network Ltd Profitability Ratios (%)

Raj Television Network Ltd Liquidity Ratios

Raj Television Network Ltd Liquidity Ratios (%)

Raj Television Network Ltd Interest Coverage Ratios (X)

Raj Television Network Ltd Valuation Ratios

Fair Value / Intrinsic Value of Raj Television Network Ltd

Fair Value: ₹53.25

The stock is overvalued by 15.47% compared to the current price ₹63

*Investments are subject to market risks

Strength and Weakness of Raj Television Network Ltd

StrengthWeakness
  1. The company has higher reserves (113.62 cr) compared to borrowings (29.92 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (73.85 cr) and profit (3.85 cr) over the years.
  1. The stock has a low average ROCE of 5.75%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 220.25, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 273.25, which may not be favorable.

Should I Buy Raj Television Network Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Raj Television Network Ltd:
    1. Net Profit Margin: 1.32%
      • 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: 3.03% (Industry Average ROCE: 16.67%)
      • 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. Interest Coverage Ratio (Post Tax): 1.37
      • 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.
    4. Quick Ratio: 1.26
      • 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.
    5. ✗ Stock P/E: 246 (Industry average Stock P/E: 17.32)
      • 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.
    6. ✓ Total Debt / Equity: 0.20
      • 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

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 Raj Television 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