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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Siti Networks Ltd

About the Company - Siti Networks Ltd

SITI Networks Ltd. is a Public Limited Listed company incorporated on 24/03/2006 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L64200MH2006PLC160733 and registration number is 160733. Currently Company is involved in the business activities of Activities of the cable operators. Company’s Total Operating Revenue is Rs. 614.43 Cr. and Equity Capital is Rs. 87.27 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Entertainment & MediaUnit No. 38, 1st Floor, A Wing, Madhu Industrial Estate, Mumbai Maharashtra 400013csandlegal@siti.esselgroup.com
http://www.sitinetworks.com
Management
NamePosition Held
Mr. Suresh Kumar AroraExecutive Director
Mr. Amitabh KumarNon Exe.Non Ind.Director
Mr. Bhanu Pratap SinghIndependent Director
Ms. Kavita KapahiNon Exe.Non Ind.Director
Prof. Sunil Kumar MaheshwariIndependent Director
Mr. Shilpi AsthanaIndependent Director

SITI Networks Ltd. Share Price Update

Share PriceValue
Today₹0.86
Previous Day₹0.87

Basic Stock Data of Siti Networks Ltd

Market Cap 78.5 Cr.
Current Price 0.90
High / Low1.35/0.60
Stock P/E
Book Value 8.90
Dividend Yield0.00 %
ROCE49.9 %
ROE%
Face Value 1.00

Data Source: screener.in

Competitors of Siti Networks Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Raj Television Network Ltd 324 Cr. 62.575.2/37.0246 27.70.00 %3.03 %0.76 % 5.00
Next Mediaworks Ltd 47.2 Cr. 7.058.86/3.80 11.40.00 %8.90 %% 10.0
PVR Inox Ltd 13,582 Cr. 1,3841,880/1,336 7580.00 %3.28 %7.76 % 10.0
UFO Moviez India Ltd 597 Cr. 155174/57.259.4 71.50.00 %0.97 %4.95 % 10.0
Network 18 Media & Investments Ltd 12,218 Cr. 117136/45.0 1250.00 %2.20 %2.21 % 5.00
Industry Average198.64 Cr68.5161.08198.720%3.68%3.14%8

Siti Networks Ltd Quarterly Results

MonthJun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
Sales377390389381358363365360331342335338322
Expenses309312327347308316318317302310310304321
Operating Profit6878623351464742293225331
OPM %18%20%16%9%14%13%13%12%9%9%8%10%0%
Other Income73-6-14441-3391052
Interest34313031303130293029282827
Depreciation868386937980799379787511274
Profit before tax-45-34-60-105-55-62-60-82-78-66-68-102-99
Tax %-2%0%4%1%-3%-3%-2%3%0%-3%-1%1%1%
Net Profit-46-34-58-104-57-63-62-79-77-68-69-101-97
EPS in Rs-0.54-0.46-0.66-1.10-0.66-0.69-0.69-0.86-0.84-0.76-0.74-0.88-1.00

Siti Networks Ltd Quarterly Chart

Siti Networks Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3364646979061,1461,1951,4101,4421,6081,5371,4461,3451,337
Expenses3383915837689009921,1001,1191,2941,2941,2541,2251,246
Operating Profit-27311413824620331132331424319212091
OPM %-1%16%16%15%21%17%22%22%20%16%13%9%7%
Other Income-3131230236-3-42-35-1102526
Interest5786119121140127140171158126120115113
Depreciation305684133165241326365346349331344340
Profit before tax-92-56-77-85-36-160-158-254-224-243-259-314-335
Tax %-3%-8%-8%-20%-14%-12%-7%-4%4%1%-1%-0%
Net Profit-95-61-83-102-41-179-170-264-214-241-261-315-335
EPS in Rs-2.02-1.42-1.81-1.61-0.60-2.16-2.22-3.05-2.32-2.75-2.89-3.21-3.38
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Siti Networks Ltd Profit & Loss Yearly Chart

Siti Networks Ltd Growth

Compounded Sales Growth
10 Years:11%
5 Years:-1%
3 Years:-6%
TTM:-6%
Compounded Profit Growth
10 Years:%
5 Years:-27%
3 Years:-38%
TTM:-11%
Stock Price CAGR
10 Years:-27%
5 Years:-23%
3 Years:-2%
1 Year:-28%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Siti Networks Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Equity Capital454552687987878787878787
Reserves-128-192-126115442450256111-92-332-584-863
Borrowings4489091,2621,3951,1351,3711,4481,4541,1791,018983919
Other Liabilities1994336346581,2751,2311,2981,1611,2011,0851,1681,267
Total Liabilities5641,1961,8232,2362,9313,1393,0892,8132,3751,8581,6541,410
Fixed Assets1844517688951,3891,7112,0311,7621,5081,2361,007732
CWIP12691701995384291539959558661
Investments2222255152011142
Other Assets3666748831,1411,001993901937788555547615
Total Assets5641,1961,8232,2362,9313,1393,0892,8132,3751,8581,6541,410

Siti Networks Ltd Reserves and Borrowings Chart

Siti Networks Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 40-83164122390137341437504299184181
Cash from Investing Activity -34-408-461-293-636-624-387-185-42-139-182-64
Cash from Financing Activity 44470523249184290-32-274-358-225-51-76
Net Cash Flow50-2122578-62-197-77-22104-64-5041

Siti Networks Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days8576102132831119510068556468
Inventory Days
Days Payable
Cash Conversion Cycle8576102132831119510068556468
Working Capital Days-159-51-66-123-205-131-222-170-242-128-156-211
ROCE %-3%5%4%3%6%-1%0%-1%-1%-8%-17%-50%

Siti Networks Ltd Financial Efficiency Indicators Chart

Siti Networks Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters6.10%6.10%6.10%6.10%6.10%6.10%6.10%6.10%6.10%6.10%6.10%6.10%
FIIs12.52%12.31%12.15%9.56%7.89%7.31%7.31%5.49%3.99%3.99%3.96%2.05%
DIIs0.00%0.00%0.00%0.01%0.01%0.00%0.00%0.00%0.00%0.00%2.43%2.43%
Public81.37%81.59%81.75%84.33%86.00%86.59%86.58%88.41%89.90%89.89%87.51%89.42%
No. of Shareholders1,19,5151,26,8881,24,7671,54,8651,88,7811,90,4681,88,7531,91,4251,88,7171,87,4641,85,4681,85,009

Siti Networks Ltd Shareholding Pattern Chart

No. of Siti Networks Ltd Shareholders

This stock is not held by any mutual fund

Siti Networks Ltd ROCE Trend

Siti Networks Ltd EPS Trend

Siti Networks Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)-3.62-2.89-2.75-2.17-3.05
Diluted EPS (Rs.)-3.62-2.89-2.75-2.17-3.05
Cash EPS (Rs.)0.330.801.211.791.16
Book Value[Excl.RevalReserv]/Share (Rs.)-8.35-4.74-1.761.313.47
Book Value[Incl.RevalReserv]/Share (Rs.)-8.35-4.74-1.761.313.47
Revenue From Operations / Share (Rs.)15.4216.5717.6118.5516.53
PBDIT / Share (Rs.)1.762.302.974.104.08
PBIT / Share (Rs.)-2.18-1.49-1.030.13-0.10
PBT / Share (Rs.)-3.60-2.96-2.81-2.24-2.91
Net Profit / Share (Rs.)-3.61-2.99-2.79-2.17-3.03
NP After MI And SOA / Share (Rs.)-3.21-2.89-2.75-2.17-3.05
PBDIT Margin (%)11.4413.9016.8822.1024.67
PBIT Margin (%)-14.15-8.96-5.820.74-0.63
PBT Margin (%)-23.33-17.88-15.96-12.09-17.61
Net Profit Margin (%)-23.41-18.02-15.84-11.68-18.31
NP After MI And SOA Margin (%)-20.81-17.45-15.59-11.67-18.45
Return on Networth / Equity (%)0.000.000.00-2220.30-134.42
Return on Capital Employeed (%)29.9055.64-68.781.83-0.77
Return On Assets (%)-19.84-15.29-12.86-7.80-9.45
Long Term Debt / Equity (X)-0.01-0.21-0.8749.733.75
Total Debt / Equity (X)-1.18-1.98-1.4666.044.57
Asset Turnover Ratio (%)0.870.410.400.370.32
Current Ratio (X)0.260.260.290.440.54
Quick Ratio (X)0.260.260.280.440.54
Inventory Turnover Ratio (X)0.000.891.420.340.03
Interest Coverage Ratio (X)1.331.672.062.272.08
Interest Coverage Ratio (Post Tax) (X)-1.66-1.09-0.690.11-0.11
Enterprise Value (Cr.)882.151225.43409.52537.971368.50
EV / Net Operating Revenue (X)0.650.840.260.330.94
EV / EBITDA (X)5.736.091.581.503.85
MarketCap / Net Operating Revenue (X)0.070.170.040.020.30
Price / BV (X)-0.13-0.50-0.315.642.21
Price / Net Operating Revenue (X)0.070.170.040.020.30
EarningsYield-2.77-1.01-3.16-3.94-0.60

Siti Networks Ltd Profitability Ratios (%)

Siti Networks Ltd Liquidity Ratios

Siti Networks Ltd Liquidity Ratios (%)

Siti Networks Ltd Interest Coverage Ratios (X)

Siti Networks Ltd Valuation Ratios

Fair Value / Intrinsic Value of Siti Networks Ltd

Fair Value: ₹20.43

The stock is undervalued by 2,169.50% compared to the current price ₹0.9

*Investments are subject to market risks

Strength and Weakness of Siti Networks Ltd

StrengthWeakness
  1. The stock has a low average Working Capital Days of -155.33, which is a positive sign.
  1. The stock is trading at a high valuation with an average P/B ratio of -0.93 and average Dividend Yield of -5.76%.
  2. The stock has a low average ROCE of -5.25%, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 86.58, which may not be favorable.
  4. The company has higher borrowings (1,126.75) compared to reserves (-78.58), which may suggest financial risk.
  5. The company has not shown consistent growth in sales (185.54) and profit (-176.38).

Should I Buy Siti Networks Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Siti Networks Ltd:
    1. Net Profit Margin: -23.41%
      • 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: 29.90% (Industry Average ROCE: 6.46%)
      • 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): -1.66
      • 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: 0.26
      • 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 of N/A (Industry average Stock P/E: 11.88)
      • 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: -1.18
      • 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 Siti Networks 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