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Last Updated on: 25 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Fundamental Analysis of TV Vision Ltd

Basic Stock Data

Last Updated: July 24, 2024, 10:29 pm

Market Cap 35.9 Cr.
Current Price 9.16
High / Low10.2/2.40
Stock P/E
Book Value 22.6
Dividend Yield0.00 %
ROCE%
ROE%
Face Value 10.0
PEG Ratio0.00

Data Source: screener.in

Competitors of TV Vision Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Encash Entertainment Ltd 11.3 Cr. 29.032.0/29.0 21.80.00 %3.74 %3.85 % 10.0
Diksat Transworld Ltd 228 Cr. 130165/120217 14.40.00 %3.33 %4.35 % 10.0
Cyber Media (India) Ltd 49.6 Cr. 31.644.0/15.011.5 2.920.00 %55.8 %% 10.0
Colorchips New Media Ltd 30.3 Cr. 17.842.2/15.4 17.40.00 %2.77 %2.60 % 10.0
City Pulse Multiplex Ltd 112 Cr. 338338/67.3748 2710.00 %2.12 %3.25 % 10.0
Industry Average4,230.81 Cr147.95244.2766.100.19%11.51%12.29%5.98

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales22.7516.9420.6222.2920.4119.0419.2316.0316.9716.7914.8312.4314.32
Expenses25.4921.8821.1020.8021.2817.9318.1917.2417.2616.2115.7316.8615.60
Operating Profit-2.74-4.94-0.481.49-0.871.111.04-1.21-0.290.58-0.90-4.43-1.28
OPM %-12.04%-29.16%-2.33%6.68%-4.26%5.83%5.41%-7.55%-1.71%3.45%-6.07%-35.64%-8.94%
Other Income0.150.000.000.060.000.000.030.000.020.000.010.000.22
Interest0.370.480.380.600.500.350.380.370.270.320.260.170.25
Depreciation6.466.416.496.485.384.694.744.744.644.214.264.264.21
Profit before tax-9.42-11.83-7.35-5.53-6.75-3.93-4.05-6.32-5.18-3.95-5.41-8.86-5.52
Tax %0.00%0.00%0.00%0.00%0.30%0.00%-0.49%0.16%0.00%0.00%0.00%0.00%-0.18%
Net Profit-9.42-11.83-7.35-5.53-6.73-3.93-4.07-6.31-5.19-3.95-5.41-8.86-5.53
EPS in Rs-2.70-3.39-2.10-1.58-1.83-1.07-1.11-1.72-1.41-1.07-1.47-2.41-1.50

Last Updated: July 11, 2024, 10:21 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: July 25, 2024, 11:14 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales5559668617612311711068807158
Expenses444652641259812310994857164
Operating Profit111314225125-61-26-51-6
OPM %20%22%21%26%29%21%-5%1%-38%-6%1%-10%
Other Income000000000000
Interest44441710021211
Depreciation455122128282826251917
Profit before tax345713-12-34-29-53-31-19-24
Tax %31%33%30%34%32%46%0%0%0%-0%0%0%
Net Profit22359-18-34-29-53-31-20-24
EPS in Rs1.292.49-5.02-9.79-8.24-15.14-8.55-5.31-6.46
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)0.00%50.00%66.67%80.00%-300.00%-88.89%14.71%-82.76%41.51%35.48%-20.00%
Change in YoY Net Profit Growth (%)0.00%50.00%16.67%13.33%-380.00%211.11%103.59%-97.46%124.27%-6.03%-55.48%

Growth

Compounded Sales Growth
10 Years:0%
5 Years:-13%
3 Years:-5%
TTM:-18%
Compounded Profit Growth
10 Years:%
5 Years:5%
3 Years:16%
TTM:-22%
Stock Price CAGR
10 Years:%
5 Years:32%
3 Years:69%
1 Year:245%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: July 24, 2024, 4:59 pm

Balance Sheet

Last Updated: July 10, 2024, 10:59 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital262626353535353535373739
Reserves-114798870356-47-78-98-122
Preference Capital00000000000
Borrowings718169581210001111091076
Other Liabilities1620153532153166168787776187
Total Liabilities112128115207275257236209178145122110
Fixed Assets24353186133185157128102785942
CWIP0000290000000
Investments303030323333333333333333
Other Assets586253898040464843343035
Total Assets112128115207275257236209178145122110

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity -2111819526612-414-6
Cash from Investing Activity -4-17-1-1-98-50-0-0-0-0-0-0
Cash from Financing Activity 66-16-1747-17-0-23-2-37
Net Cash Flow0-0010-100-0-100

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-60.00-68.00-55.00-36.00-70.0025.00-6.001.00-137.00-114.00-106.00-12.00

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days9012410948114687694921248474
Inventory Days0
Days Payable
Cash Conversion Cycle9012410948114687694921248474
Working Capital Days37856169-7441-351-388-419-794-699-804
ROCE %-15%7%8%9%8%14%-1%-39%-49%-74%-35%-32%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters29.72%29.72%29.72%33.16%33.16%33.16%33.16%33.16%33.16%36.61%36.61%36.61%
DIIs18.85%18.85%18.85%17.92%17.92%17.92%17.92%17.92%17.92%16.99%16.99%17.00%
Public51.44%51.44%51.44%48.92%48.92%48.92%48.91%48.92%48.92%46.39%46.40%46.39%
No. of Shareholders11,12611,34811,57811,45711,40111,32211,43411,33611,27711,20711,48313,709

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-6.13-5.43-8.96-15.16-8.61
Diluted EPS (Rs.)-6.13-5.15-8.12-15.16-8.61
Cash EPS (Rs.)-1.75-0.31-1.82-7.66-0.54
Book Value[Excl.RevalReserv]/Share (Rs.)-30.18-25.75-20.23-12.942.21
Book Value[Incl.RevalReserv]/Share (Rs.)-30.18-25.75-20.23-12.942.21
Revenue From Operations / Share (Rs.)15.0619.4021.8419.4231.40
PBDIT / Share (Rs.)-1.490.06-1.29-7.400.27
PBIT / Share (Rs.)-5.87-5.05-8.03-14.89-7.78
PBT / Share (Rs.)-6.12-5.43-8.56-15.15-8.61
Net Profit / Share (Rs.)-6.13-5.43-8.56-15.16-8.61
NP After MI And SOA / Share (Rs.)-6.13-5.43-8.56-15.16-8.61
PBDIT Margin (%)-9.920.32-5.91-38.070.88
PBIT Margin (%)-38.93-26.06-36.75-76.66-24.78
PBT Margin (%)-40.62-27.98-39.20-77.99-27.40
Net Profit Margin (%)-40.66-27.99-39.18-78.03-27.40
NP After MI And SOA Margin (%)-40.66-27.99-39.18-78.03-27.40
Return on Networth / Equity (%)0.000.000.000.00-389.95
Return on Capital Employeed (%)19.7820.1841.10121.65-312.34
Return On Assets (%)-30.61-22.44-28.03-36.47-17.14
Total Debt / Equity (X)-0.050.00-0.02-0.090.00
Asset Turnover Ratio (%)0.700.700.550.380.53
Current Ratio (X)0.140.130.160.200.25
Quick Ratio (X)0.140.130.150.190.25
Interest Coverage Ratio (X)-5.870.16-2.42-28.600.57
Interest Coverage Ratio (Post Tax) (X)-23.05-13.59-15.00-57.61-15.94
Enterprise Value (Cr.)24.687.5814.9712.272.19
EV / Net Operating Revenue (X)0.420.100.180.180.01
EV / EBITDA (X)-4.2632.65-3.15-0.472.25
MarketCap / Net Operating Revenue (X)0.330.110.160.130.03
Price / BV (X)-0.16-0.08-0.18-0.200.52
Price / Net Operating Revenue (X)0.330.110.160.130.03
EarningsYield-1.21-2.37-2.34-5.66-7.48

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 51.87

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: 466.23% compared to the current price 9.16

Default values used*: Deafault value of 15 for Stock P/E is used, Deafault value of 15% for ROE is used

Intrinsic Value: 63.64

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.

Undervalued: 594.71% compared to the current price 9.16

Default values used*: Deafault value of 15 for Stock P/E is used, Deafault value of 15% for ROE is used

Last 5 Year EPS CAGR: 22.69%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -269.67, which is a positive sign.
  1. The stock has a low average ROCE of -16.58%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 91.42, which may not be favorable.
  3. The company has higher borrowings (61.08) compared to reserves (-5.25), which may suggest financial risk.
  4. The company has not shown consistent growth in sales (89.08) and profit (-14.17).

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 Vision Ltd:
    1. Net Profit Margin: -40.66%
      • 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: 19.78% (Industry Average ROCE: 11.51%)
      • 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%: 0.00% (Industry Average ROE: 12.29%)
      • 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): -23.05
      • 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: 0.14
      • 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: (Industry average Stock P/E: 242.71)
      • 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: -0.05
      • 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 Vision Ltd. is a Public Limited Listed company incorporated on 30/07/2007 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L64200MH2007PLC172707 and registration number is 172707. Currently Company is involved in the business activities of Television programming and broadcasting activities. Company’s Total Operating Revenue is Rs. 80.26 Cr. and Equity Capital is Rs. 36.74 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Entertainment & Media4th Floor, Adhikari Chambers, Oberoi Complex, Mumbai Maharashtra 400053cs@tvvision.in
http://www.tvvision.in
Management
NamePosition Held
Mr. Markand AdhikariChairman & Managing Director
Mr. Umakanth BhyravajoshyuluIndependent Director
Dr. Ganesh P RautIndependent Director
Mr. M Soundara PandianIndependent Director
Mrs. Latasha L JadhavNon Executive Woman Director
Mr. Pritesh RajgorIndependent Director

FAQ

What is the latest fair value of TV Vision Ltd?

The latest fair value of TV Vision Ltd is ₹51.87.

What is the Market Cap of TV Vision Ltd?

The Market Cap of TV Vision Ltd is 35.9 Cr..

What is the current Stock Price of TV Vision Ltd as on 25 July 2024?

The current stock price of TV Vision Ltd as on 25 July 2024 is 9.16.

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

In FY 2024, the High / Low of TV Vision Ltd stocks is 10.2/2.40.

What is the Stock P/E of TV Vision Ltd?

The Stock P/E of TV Vision Ltd is .

What is the Book Value of TV Vision Ltd?

The Book Value of TV Vision Ltd is 22.6.

What is the Dividend Yield of TV Vision Ltd?

The Dividend Yield of TV Vision Ltd is 0.00 %.

What is the ROCE of TV Vision Ltd?

The ROCE of TV Vision Ltd is %.

What is the ROE of TV Vision Ltd?

The ROE of TV Vision Ltd is %.

What is the Face Value of TV Vision Ltd?

The Face Value of TV Vision Ltd is 10.0.

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 Vision 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