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Last Updated on: 27 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Sri Adhikari Brothers Television Network Ltd

About the Company - Sri Adhikari Brothers Television Network Ltd

Sri Adhikari Brothers Television Network Ltd. is a Public Limited Listed company incorporated on 19/12/1994 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L32200MH1994PLC083853 and registration number is 083853. Currently Company is involved in the business activities of Motion picture, video and television programme activities. Company’s Total Operating Revenue is Rs. 0.00 Cr. and Equity Capital is Rs. 34.94 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Entertainment & Media6th Floor, Adhikari Chambers, Mumbai Maharashtra 400053investorservices@adhikaribrothers.com
http://www.adhikaribrothers.com
Management
NamePosition Held
Mr. Markand AdhikariChairman & Managing Director
Mrs. Latasha JadhavNon Executive Woman Director
Mr. M Soundara PandianInd. Non-Executive Director
Dr. Ganesh P RautInd. Non-Executive Director
Mr. Umakanth BhyravajoshyuluInd. Non-Executive Director

Sri Adhikari Brothers Television Network Ltd. Share Price Update

Share PriceValue
Today₹3.78
Previous Day₹3.78

Basic Stock Data of Sri Adhikari Brothers Television Network Ltd

Market Cap 13.1 Cr.
Current Price 3.75
High / Low3.92/1.25
Stock P/E
Book Value 31.6
Dividend Yield0.00 %
ROCE%
ROE%
Face Value 10.0

Data Source: screener.in

Competitors of Sri Adhikari Brothers Television Network Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Pritish Nandy Communications Ltd 93.4 Cr. 64.672.0/29.2 50.50.00 %5.00 %5.28 % 10.0
Network 18 Media & Investments Ltd 12,323 Cr. 118136/45.0 1250.00 %2.20 %2.21 % 5.00
Sun TV Network Ltd 25,001 Cr. 634735/39413.2 2562.36 %25.5 %19.2 % 5.00
Radaan Mediaworks (I) Ltd 12.6 Cr. 2.322.60/1.16 2.600.00 %3.37 %% 2.00
Silly Monks Entertainment Ltd 18.3 Cr. 18.024.4/14.1 6.980.00 %57.2 %48.2 % 10.0
Industry Average7,489.66 Cr167.382.6488.220.47%18.65%14.98%6.40

Sri Adhikari Brothers Television Network Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales0.000.000.000.000.000.000.000.000.000.000.000.000.00
Expenses0.320.330.300.240.230.200.200.160.190.170.320.180.30
Operating Profit-0.32-0.33-0.30-0.24-0.23-0.20-0.20-0.16-0.19-0.17-0.32-0.18-0.30
OPM %
Other Income0.020.000.010.000.000.000.000.000.000.000.000.000.00
Interest0.000.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation5.755.753.215.115.115.115.115.115.115.115.115.115.11
Profit before tax-6.05-6.08-3.50-5.35-5.34-5.31-5.31-5.27-5.30-5.28-5.43-5.29-5.41
Tax %0.00%0.00%-1.43%0.37%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Net Profit-6.06-6.08-3.54-5.32-5.33-5.31-5.31-5.26-5.30-5.28-5.43-5.29-5.41
EPS in Rs-1.73-1.74-1.01-1.52-1.53-1.52-1.52-1.51-1.52-1.51-1.56-1.52-1.55

Sri Adhikari Brothers Television Network Ltd Quarterly Chart

Sri Adhikari Brothers Television Network Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1321611801031321385715-10000
Expenses1241221327480976224-01111
Operating Profit83948305241-4-9-1-1-1-1-1
OPM %6%24%27%29%39%30%-7%-56%
Other Income-000441-1110000
Interest201819816151612134000
Depreciation22212115251923242320202020
Profit before tax-340811148-44-44-37-25-21-21-21
Tax %33%-177%34%16%6%29%0%0%-0%-0%0%0%
Net Profit-23159135-53-44-37-25-21-21-21
EPS in Rs-9.180.361.742.463.751.52-15.11-12.50-10.55-7.15-6.09-6.09-6.14
Dividend Payout %-7%168%34%24%16%40%0%0%0%0%0%0%

Sri Adhikari Brothers Television Network Ltd Profit & Loss Yearly Chart

Sri Adhikari Brothers Television Network Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:%
TTM:%
Compounded Profit Growth
10 Years:%
5 Years:10%
3 Years:12%
TTM:-1%
Stock Price CAGR
10 Years:-23%
5 Years:-1%
3 Years:37%
1 Year:142%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Sri Adhikari Brothers Television Network Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital25252835353535353535353535
Reserves9897118168616714-30-67-92-113-135-145
Preference Capital000020200000
Borrowings1601431242091311671222222
Other Liabilities323867664734195193206210209210211
Total Liabilities315303337479274303245200176155133113103
Fixed Assets1751601562431652211981721491291078676
CWIP11131314141414141414141414
Investments141432401890000000
Other Assets116117136183775933141313121313
Total Assets315303337479274303245200176155133113103

Sri Adhikari Brothers Television Network Ltd Reserves and Borrowings Chart

Sri Adhikari Brothers Television Network Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -144234421055918-10-0-00
Cash from Investing Activity -18-6-36-141-64-76-110000
Cash from Financing Activity 30-353105-4717-19-10000
Net Cash Flow-1117-7-0-1-00-0-00

Sri Adhikari Brothers Television Network Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days9893120235106674449-96
Inventory Days44
Days Payable90
Cash Conversion Cycle989312023510667443-96
Working Capital Days-6-51-22-3220-30-977-4,146-60,065
ROCE %-5%7%10%6%9%9%-17%-103%

Sri Adhikari Brothers Television Network Ltd Financial Efficiency Indicators Chart

Sri Adhikari Brothers Television Network Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters22.13%22.13%22.13%22.13%22.13%22.13%22.12%22.12%22.12%22.12%22.12%22.12%
DIIs16.44%16.44%16.44%16.38%16.38%16.38%16.38%16.38%16.38%16.38%16.38%16.38%
Government0.00%0.00%0.00%0.00%0.00%0.09%0.00%0.00%0.00%0.00%0.00%0.00%
Public61.44%61.44%61.44%61.49%61.49%61.40%61.49%61.48%61.48%61.48%61.49%61.49%
No. of Shareholders13,59913,46213,41113,36113,21013,16913,17513,21613,20913,12813,03512,951

Sri Adhikari Brothers Television Network Ltd Shareholding Pattern Chart

No. of Sri Adhikari Brothers Television Network Ltd Shareholders

This stock is not held by any mutual fund

Sri Adhikari Brothers Television Network Ltd ROCE Trend

Sri Adhikari Brothers Television Network Ltd EPS Trend

Sri Adhikari Brothers Television Network Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-6.09-6.08-7.14-10.54-15.03
Diluted EPS (Rs.)-6.09-6.08-7.14-10.54-15.03
Cash EPS (Rs.)-0.24-0.23-1.29-3.91-8.16
Book Value[Excl.RevalReserv]/Share (Rs.)-28.52-22.43-16.28-9.121.57
Book Value[Incl.RevalReserv]/Share (Rs.)-28.52-22.43-16.28-9.121.57
Revenue From Operations / Share (Rs.)0.000.000.00-0.324.36
PBDIT / Share (Rs.)-0.24-0.24-0.230.01-2.12
PBIT / Share (Rs.)-6.09-6.08-6.09-6.61-8.98
PBT / Share (Rs.)-6.09-6.08-7.13-10.52-15.03
Net Profit / Share (Rs.)-6.09-6.08-7.15-10.54-15.03
NP After MI And SOA / Share (Rs.)-6.09-6.08-7.14-10.54-15.03
PBDIT Margin (%)0.000.000.00-5.27-48.54
PBIT Margin (%)0.000.000.002029.60-205.85
PBT Margin (%)0.000.000.003232.13-344.42
Net Profit Margin (%)0.000.000.003237.45-344.42
NP After MI And SOA Margin (%)0.000.000.003237.41-344.42
Return on Networth / Equity (%)0.000.000.000.00-1019.55
Return on Capital Employeed (%)24.2331.9748.79124.21-148.53
Return On Assets (%)-18.82-15.95-16.07-20.87-26.20
Long Term Debt / Equity (X)0.000.000.000.000.45
Total Debt / Equity (X)-0.02-0.03-0.04-0.070.45
Asset Turnover Ratio (%)0.000.000.00-0.010.06
Current Ratio (X)0.020.020.020.020.03
Quick Ratio (X)0.010.010.010.010.02
Interest Coverage Ratio (X)-8457.00-2101.25-0.220.00-0.60
Interest Coverage Ratio (Post Tax) (X)-212663.00-53111.50-5.81-1.72-2.56
Enterprise Value (Cr.)7.738.7010.825.6019.87
EV / Net Operating Revenue (X)0.000.000.00-4.921.30
EV / EBITDA (X)-9.14-10.35-13.3593.40-2.69
MarketCap / Net Operating Revenue (X)0.000.000.00-3.071.14
Price / BV (X)-0.05-0.08-0.14-0.103.38
Price / Net Operating Revenue (X)0.000.000.00-3.081.14
EarningsYield-3.80-3.30-2.95-10.54-3.02

Sri Adhikari Brothers Television Network Ltd Profitability Ratios (%)

Sri Adhikari Brothers Television Network Ltd Liquidity Ratios

Sri Adhikari Brothers Television Network Ltd Liquidity Ratios (%)

Sri Adhikari Brothers Television Network Ltd Interest Coverage Ratios (X)

Sri Adhikari Brothers Television Network Ltd Valuation Ratios

Fair Value / Intrinsic Value of Sri Adhikari Brothers Television Network Ltd

Fair Value: ₹72.52

The stock is undervalued by 1,833.92% compared to the current price ₹3.75

*Investments are subject to market risks

Strength and Weakness of Sri Adhikari Brothers Television Network Ltd

StrengthWeakness
  1. The stock is trading at a low valuation with an average P/B ratio of -6.77 and average Dividend Yield of 364.75%.
  2. The stock has a low average Working Capital Days of -96.83, which is a positive sign.
  3. The company has higher reserves (3.15 cr) compared to borrowings (0.31 cr), indicating strong financial stability.
  1. The stock has a low average ROCE of -7.00%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 55.83, which may not be favorable.
  3. The company has not shown consistent growth in sales (70.54) and profit (-15.85).

Should I Buy Sri Adhikari Brothers Television Network Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Sri Adhikari Brothers Television Network Ltd:
    1. Net Profit Margin: 0.00%
      • 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: 24.23% (Industry Average ROCE: 17.52%)
      • 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): -212663.00
      • 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: 0.01
      • 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: 60.22)
      • 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: -0.02
      • 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 Sri Adhikari Brothers 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