Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of TV Today Network Ltd

About the Company - TV Today Network Ltd

TV Today Network Ltd. is a Public Limited Listed company incorporated on 28/12/1999 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L92200DL1999PLC103001 and registration number is 103001. Currently Company is involved in the business activities of Television programming and broadcasting activities. Company’s Total Operating Revenue is Rs. 930.10 Cr. and Equity Capital is Rs. 29.83 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Entertainment & MediaF-26, 1st Floor, New Delhi Delhi 110001investors@aajtak.com
http://www.aajtak.in
Management
NamePosition Held
Mr. Aroon PurieChairman & Wholetime Director
Ms. Kalli Purie BhandalVice Chairperson & M.D
Mr. Devajyoti N BhattacharyaNon Exe.Non Ind.Director
Mrs. Neera MalhotraIndependent Director
Mr. Ashok KapurIndependent Director
Mr. Anil VigIndependent Director
Mr. Rajeev GuptaIndependent Director

TV Today Network Ltd. Share Price Update

Share PriceValue
Today₹245.00
Previous Day₹240.40

Basic Stock Data of TV Today Network Ltd

Market Cap 1,509 Cr.
Current Price 253
High / Low274/170
Stock P/E27.0
Book Value 138
Dividend Yield1.18 %
ROCE13.0 %
ROE9.54 %
Face Value 5.00

Data Source: screener.in

Competitors of TV Today Network Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Prime Focus Ltd 3,650 Cr. 122148/68.6 16.50.00 %15.5 %252 % 1.00
TV18 Broadcast Ltd 11,178 Cr. 65.268.7/27.4491 1000.00 %2.75 %2.46 % 2.00
3rd Rock Multimedia Ltd Cr./%56.8 %71.1 %
PVR Inox Ltd 13,582 Cr. 1,3841,880/1,336 7580.00 %3.28 %7.76 % 10.0
Shemaroo Entertainment Ltd 462 Cr. 170240/101 2190.00 %5.25 %1.61 % 10.0
Industry Average97.8 Cr71.6498.2218.70%16.72%66.99%4.6

TV Today Network Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales224214204226258242218212231217223214263
Expenses146165152166172194171185195196209202222
Operating Profit78505260864947273621131241
OPM %35%23%26%26%33%20%22%13%16%10%6%6%16%
Other Income810914910111213-210910
Interest0110111111111
Depreciation11111010111110101010101011
Profit before tax7548506383474727388121039
Tax %27%25%26%26%26%25%26%27%27%29%27%29%26%
Net Profit55363747623635202869729
EPS in Rs9.186.076.267.8710.315.985.873.304.630.981.471.184.88

TV Today Network Ltd Quarterly Chart

TV Today Network Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales308313389477582652721742857783930878885
Expenses282278280345420489513542641584686747802
Operating Profit263510913216216320820021619924413183
OPM %9%11%28%28%28%25%29%27%25%25%26%15%9%
Other Income671223-102911364337443430
Interest1341684132333
Depreciation14212430312931323840424141
Profit before tax16189312311515518320421819424312068
Tax %36%31%34%34%46%35%35%36%36%32%25%27%
Net Profit11126181621001191311391321828849
EPS in Rs1.772.0510.3113.5810.6217.1419.9421.9723.3622.0430.4214.798.26
Dividend Payout %42%37%10%11%16%12%11%10%95%11%10%473%

TV Today Network Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)9.09%408.33%32.79%-23.46%61.29%19.00%10.08%6.11%-5.04%37.88%-51.65%
Change in YoY Net Profit Growth (%)0.00%399.24%-375.55%-56.24%84.75%-42.29%-8.92%-3.98%-11.14%42.91%-89.53%

TV Today Network Ltd Growth

Compounded Sales Growth
10 Years:11%
5 Years:4%
3 Years:1%
TTM:1%
Compounded Profit Growth
10 Years:23%
5 Years:-6%
3 Years:-12%
TTM:-53%
Stock Price CAGR
10 Years:8%
5 Years:-4%
3 Years:-1%
1 Year:19%
Return on Equity
10 Years:16%
5 Years:15%
3 Years:14%
Last Year:10%

TV Today Network Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital30303030303030303030303030
Reserves2882953494204425516328668429611,128799796
Borrowings56601774635032117323447
Other Liabilities7599102120130152173172199201222210203
Total Liabilities4494844995776477688341,0711,0921,2081,4111,0731,076
Fixed Assets55222215235214206258247245226227214205
CWIP1751023542401111
Investments46464646700000000
Other Assets1742072362934215585748208479811,183857870
Total Assets4494844995776477688341,0711,0921,2081,4111,0731,076

TV Today Network Ltd Reserves and Borrowings Chart

TV Today Network Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 57398178-3612015212520116623541
Cash from Investing Activity -79-15-3-490-103-94-104-15-166-211371
Cash from Financing Activity 32-7-52-18-13-16-59-14-168-17-22-427
Net Cash Flow10172611-481-0717-172-15

TV Today Network Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days10611010310595100949194937588
Inventory Days
Days Payable
Cash Conversion Cycle10611010310595100949194937588
Working Capital Days71564753464649135182166285232
ROCE %5%5%25%29%31%27%31%26%25%21%22%13%

TV Today Network Ltd Financial Efficiency Indicators Chart

TV Today Network Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters58.45%58.45%58.45%58.45%58.45%58.45%58.45%58.45%58.45%58.45%58.45%58.45%
FIIs8.79%6.97%5.98%4.65%4.37%4.13%3.77%3.22%1.97%1.51%1.47%1.46%
DIIs14.16%14.15%14.97%16.21%16.51%16.39%15.93%15.37%14.60%14.60%13.92%12.97%
Government0.03%0.03%0.03%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public18.57%20.40%20.57%20.69%20.67%21.03%21.85%22.96%24.97%25.42%26.15%27.11%
No. of Shareholders26,03731,55731,75027,74827,75329,11229,52630,56949,16149,33449,07152,362

TV Today Network Ltd Shareholding Pattern Chart

No. of TV Today Network Ltd Shareholders

TV Today Network Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HDFC Small Cap Fund - Regular Plan52364660.42112.14
Franklin India Smaller Companies Fund24647300.4652.78

TV Today Network Ltd ROCE Trend

TV Today Network Ltd EPS Trend

TV Today Network Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)14.7930.4222.0423.3621.97
Diluted EPS (Rs.)14.7930.4222.0423.3621.97
Cash EPS (Rs.)21.7137.5228.7729.8127.25
Book Value[Excl.RevalReserv]/Share (Rs.)138.86194.06166.03146.15150.17
Book Value[Incl.RevalReserv]/Share (Rs.)138.86194.06166.03146.15150.17
Revenue From Operations / Share (Rs.)147.21155.90131.24143.66124.41
PBDIT / Share (Rs.)29.3048.3239.5943.4539.60
PBIT / Share (Rs.)22.3941.2332.8737.0034.32
PBT / Share (Rs.)20.1740.7932.4636.5234.18
Net Profit / Share (Rs.)14.7930.4222.0423.3621.97
NP After MI And SOA / Share (Rs.)14.7930.4222.0423.3621.97
PBDIT Margin (%)19.9030.9930.1630.2431.83
PBIT Margin (%)15.2026.4425.0425.7527.58
PBT Margin (%)13.7026.1624.7325.4227.47
Net Profit Margin (%)10.0419.5116.7916.2517.66
NP After MI And SOA Margin (%)10.0419.5116.7916.2517.66
Return on Networth / Equity (%)10.6515.6713.2715.9814.63
Return on Capital Employeed (%)15.5120.7119.4324.5222.61
Return On Assets (%)8.2212.8610.8812.7512.23
Asset Turnover Ratio (%)0.700.700.680.790.77
Current Ratio (X)3.915.034.073.964.39
Quick Ratio (X)3.915.034.073.964.37
Dividend Payout Ratio (NP) (%)473.348.2110.2195.2510.23
Dividend Payout Ratio (CP) (%)322.486.667.8274.638.25
Earning Retention Ratio (%)-373.3491.7989.794.7589.77
Cash Earning Retention Ratio (%)-222.4893.3492.1825.3791.75
Interest Coverage Ratio (X)52.34109.2096.8191.66287.07
Interest Coverage Ratio (Post Tax) (X)30.3769.7554.8950.27160.30
Enterprise Value (Cr.)1015.722030.841330.08846.421591.34
EV / Net Operating Revenue (X)1.162.181.700.982.14
EV / EBITDA (X)5.817.045.633.266.74
MarketCap / Net Operating Revenue (X)1.232.382.031.152.53
Retention Ratios (%)-373.3491.7889.784.7489.76
Price / BV (X)1.301.911.611.132.10
Price / Net Operating Revenue (X)1.232.382.031.152.53
EarningsYield0.080.080.080.140.06

TV Today Network Ltd Profitability Ratios (%)

TV Today Network Ltd Liquidity Ratios

TV Today Network Ltd Liquidity Ratios (%)

TV Today Network Ltd Interest Coverage Ratios (X)

TV Today Network Ltd Valuation Ratios

Fair Value / Intrinsic Value of TV Today Network Ltd

Fair Value: ₹359.65

The stock is undervalued by 42.16% compared to the current price ₹253

*Investments are subject to market risks

Strength and Weakness of TV Today Network Ltd

StrengthWeakness
  1. The stock has a high average ROCE of 21.67%, which is a positive sign.
  2. The company has higher reserves (643.77 cr) compared to borrowings (28.85 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (657.54 cr) and profit (134.77 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 33.56 and average Dividend Yield of 24.00%.
  2. The stock has a high average Working Capital Days of 114.00, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 96.17, which may not be favorable.

Should I Buy TV Today Network Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in TV Today Network Ltd:
    1. Net Profit Margin: 10.04%
      • 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: 15.51% (Industry Average ROCE: 15.4%)
      • 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): 30.37
      • 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: 3.91
      • 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: 28.0 (Industry average Stock P/E: 51.6)
      • 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: N/A
      • 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 TV Today 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