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Last Updated on: 19 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of TV Today Network Ltd

Basic Stock Data

Last Updated: June 12, 2024, 11:18 am

Market Cap 1,362 Cr.
Current Price 228
High / Low274/192
Stock P/E22.7
Book Value 145
Dividend Yield1.33 %
ROCE9.68 %
ROE7.05 %
Face Value 5.00
PEG Ratio-1.37

Competitors of TV Today Network Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Zee Entertainment Enterprises Ltd 15,901 Cr. 166300/12649.0 1130.00 %6.62 %3.01 % 1.00
City Pulse Multiplex Ltd 43.1 Cr. 130132/67.3288 2710.00 %2.12 %3.25 % 10.0
Siti Networks Ltd 55.8 Cr. 0.641.15/0.50 8.900.00 %49.9 %% 1.00
TV Vision Ltd 26.7 Cr. 6.907.83/2.00 22.60.00 %%% 10.0
UFO Moviez India Ltd 487 Cr. 126174/74.028.0 74.50.00 %9.99 %6.26 % 10.0
Industry Average2,601.07 Cr129.93127.3863.500.12%10.71%9.55%5.56

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales214204226258242218212231217223214263253
Expenses165152166172194171185195196209202222230
Operating Profit50526086494727362113124123
OPM %23%26%26%33%20%22%13%16%10%6%6%16%9%
Other Income10914910111213-2109104
Interest1101111111111
Depreciation11101011111010101010101110
Profit before tax4850638347472738812103916
Tax %25%26%26%26%25%26%27%27%29%27%29%26%27%
Net Profit36374762363520286972911
EPS in Rs6.076.267.8710.315.985.873.304.630.981.471.184.881.92

Last Updated: June 9, 2024, 5:43 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 26, 2024, 12:59 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales313389477582652721742857783930878952
Expenses278280345420489513542641584686747863
Operating Profit3510913216216320820021619924413189
OPM %11%28%28%28%25%29%27%25%25%26%15%9%
Other Income71223-102911364337443433
Interest341684132333
Depreciation212430312931323840424141
Profit before tax189312311515518320421819424312077
Tax %31%34%34%46%35%35%36%36%32%25%27%27%
Net Profit126181621001191311391321828856
EPS in Rs2.0510.3113.5810.6217.1419.9421.9723.3622.0430.4214.799.45
Dividend Payout %37%10%11%16%12%11%10%95%11%10%473%90%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)408.33%32.79%-23.46%61.29%19.00%10.08%6.11%-5.04%37.88%-51.65%-36.36%
Change in YoY Net Profit Growth (%)0.00%-375.55%-56.24%84.75%-42.29%-8.92%-3.98%-11.14%42.91%-89.53%15.28%

Growth

Compounded Sales Growth
10 Years:9%
5 Years:5%
3 Years:7%
TTM:8%
Compounded Profit Growth
10 Years:0%
5 Years:-15%
3 Years:-23%
TTM:-37%
Stock Price CAGR
10 Years:6%
5 Years:-1%
3 Years:-9%
1 Year:15%
Return on Equity
10 Years:15%
5 Years:13%
3 Years:12%
Last Year:7%

Last Updated: June 12, 2024, 4:14 pm

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital30303030303030303030303030
Reserves2882953494204425516328668429611,128799796
Borrowings56601774635-032117323447
Other Liabilities7599102120130152173172199201222210203
Total Liabilities4494844995776477688341,0711,0921,2081,4111,0731,076
Fixed Assets55222215235214206258247245226227214205
CWIP1751023542401111
Investments464646467-0-0000000
Other Assets1742072362934215585748208479811,183857870
Total Assets4494844995776477688341,0711,0921,2081,4111,0731,076

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

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-25.0092.00125.00116.00128.00208.00197.00195.00182.00212.0097.0055.00

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 Days11010310595100949194937588106
Inventory Days
Days Payable
Cash Conversion Cycle11010310595100949194937588106
Working Capital Days564753464649135182166285232162
ROCE %5%25%29%31%27%31%26%25%21%22%13%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters58.45%58.45%58.45%58.45%58.45%58.45%58.45%58.45%58.45%58.45%58.45%58.45%
FIIs6.97%5.98%4.65%4.37%4.13%3.77%3.22%1.97%1.51%1.47%1.46%1.62%
DIIs14.15%14.97%16.21%16.51%16.39%15.93%15.37%14.60%14.60%13.92%12.97%12.96%
Government0.03%0.03%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public20.40%20.57%20.69%20.67%21.03%21.85%22.96%24.97%25.42%26.15%27.11%26.96%
No. of Shareholders31,55731,75027,74827,75329,11229,52630,56949,16149,33449,07152,36253,607

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Franklin India Smaller Companies Fund2,464,7300.5261.642,464,7302024-06-100%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)9.4514.7930.4222.0423.36
Diluted EPS (Rs.)9.4514.7930.4222.0423.36
Cash EPS (Rs.)16.3921.7137.5228.7729.81
Book Value[Excl.RevalReserv]/Share (Rs.)145.39138.86194.06166.03146.15
Book Value[Incl.RevalReserv]/Share (Rs.)145.39138.86194.06166.03146.15
Revenue From Operations / Share (Rs.)159.59147.21155.90131.24143.66
PBDIT / Share (Rs.)21.2529.3048.3239.5943.45
PBIT / Share (Rs.)14.3122.3941.2332.8737.00
PBT / Share (Rs.)12.9120.1740.7932.4636.52
Net Profit / Share (Rs.)9.4514.7930.4222.0423.36
NP After MI And SOA / Share (Rs.)9.4514.7930.4222.0423.36
PBDIT Margin (%)13.3119.9030.9930.1630.24
PBIT Margin (%)8.9615.2026.4425.0425.75
PBT Margin (%)8.0913.7026.1624.7325.42
Net Profit Margin (%)5.9210.0419.5116.7916.25
NP After MI And SOA Margin (%)5.9210.0419.5116.7916.25
Return on Networth / Equity (%)6.4910.6515.6713.2715.98
Return on Capital Employeed (%)9.5415.5120.7119.4324.52
Return On Assets (%)5.008.2212.8610.8812.75
Long Term Debt / Equity (X)0.030.000.000.000.00
Total Debt / Equity (X)0.030.000.000.000.00
Asset Turnover Ratio (%)0.860.700.700.680.79
Current Ratio (X)3.873.915.034.073.96
Quick Ratio (X)3.873.915.034.073.96
Dividend Payout Ratio (NP) (%)0.00473.348.2110.2195.25
Dividend Payout Ratio (CP) (%)0.00322.486.667.8274.63
Earning Retention Ratio (%)0.00-373.3491.7989.794.75
Cash Earning Retention Ratio (%)0.00-222.4893.3492.1825.37
Interest Coverage Ratio (X)37.0752.34109.2096.8191.66
Interest Coverage Ratio (Post Tax) (X)18.9230.3769.7554.8950.27
Enterprise Value (Cr.)1046.951015.722030.841330.08846.42
EV / Net Operating Revenue (X)1.101.162.181.700.98
EV / EBITDA (X)8.265.817.045.633.26
MarketCap / Net Operating Revenue (X)1.331.232.382.031.15
Retention Ratios (%)0.00-373.3491.7889.784.74
Price / BV (X)1.461.301.911.611.13
Price / Net Operating Revenue (X)1.331.232.382.031.15
EarningsYield0.040.080.080.080.14

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 235.14

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.

Undervalued: 3.13% compared to the current price 228

Intrinsic Value: 196.21

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 13.94% compared to the current price ₹228

Last 5 Year EPS CAGR: -16.56%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 21.25%, which is a positive sign.
  2. The company has higher reserves (676.92 cr) compared to borrowings (25.50 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (689.67 cr) and profit (145.25 cr) over the years.
  1. The stock has a high average Working Capital Days of 121.58, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 96.17, which may not be favorable.

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 TV Today Network Ltd:
    1. Net Profit Margin: 5.92%
      • 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: 9.54% (Industry Average ROCE: 12.67%)
      • 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. ROE%: 6.49% (Industry Average ROE: 2.94%)
      • 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): 18.92
      • 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: 3.87
      • 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: 22.7 (Industry average Stock P/E: 10.55)
      • 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: 0.03
      • 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

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

FAQ

What is the latest fair value of TV Today Network Ltd?

The latest fair value of TV Today Network Ltd is ₹235.14.

What is the Market Cap of TV Today Network Ltd?

The Market Cap of TV Today Network Ltd is 1,362 Cr..

What is the current Stock Price of TV Today Network Ltd as on 18 June 2024?

The current stock price of TV Today Network Ltd as on 18 June 2024 is ₹228.

What is the High / Low of TV Today Network Ltd stocks in FY 2024?

In FY 2024, the High / Low of TV Today Network Ltd stocks is 274/192.

What is the Stock P/E of TV Today Network Ltd?

The Stock P/E of TV Today Network Ltd is 22.7.

What is the Book Value of TV Today Network Ltd?

The Book Value of TV Today Network Ltd is 145.

What is the Dividend Yield of TV Today Network Ltd?

The Dividend Yield of TV Today Network Ltd is 1.33 %.

What is the ROCE of TV Today Network Ltd?

The ROCE of TV Today Network Ltd is 9.68 %.

What is the ROE of TV Today Network Ltd?

The ROE of TV Today Network Ltd is 7.05 %.

What is the Face Value of TV Today Network Ltd?

The Face Value of TV Today Network Ltd is 5.00.

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 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