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

Fundamental Analysis of TV18 Broadcast Ltd

About the Company - TV18 Broadcast Ltd

TV18 Broadcast Ltd. is a Public Limited Listed company incorporated on 06/06/2005 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L74300MH2005PLC281753 and registration number is 281753. Currently Company is involved in the business activities of Television programming and broadcasting activities. Company’s Total Operating Revenue is Rs. 1262.15 Cr. and Equity Capital is Rs. 342.87 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Entertainment & MediaFirst Floor, Empire Complex, Mumbai Maharashtra 400013investors.tv18@nw18.com
http://www.nw18.com
Management
NamePosition Held
Mr. Adil ZainulbhaiChairman & Ind.Director
Mr. Rahul JoshiManaging Director
Mr. Jyoti DeshpandeNon Executive Director
Mr. P M S PrasadNon Executive Director
Ms. Renuka RamnathIndependent Director
Mr. Dhruv Subodh KajiIndependent Director

TV18 Broadcast Ltd. Share Price Update

Share PriceValue
Today₹58.04
Previous Day₹59.98

Basic Stock Data of TV18 Broadcast Ltd

Market Cap 10,886 Cr.
Current Price 63.5
High / Low68.7/27.4
Stock P/E478
Book Value 100
Dividend Yield0.00 %
ROCE2.75 %
ROE2.46 %
Face Value 2.00

Data Source: screener.in

Competitors of TV18 Broadcast Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
SAB Events & Governance Now Media Ltd 8.49 Cr. 8.108.82/2.63 0.770.00 %12.9 %300 % 10.0
Prime Focus Ltd 3,672 Cr. 123148/68.1 16.50.00 %15.5 %252 % 1.00
Sun TV Network Ltd 24,575 Cr. 624735/39413.0 2562.40 %25.5 %19.2 % 5.00
Shemaroo Entertainment Ltd 464 Cr. 171240/101 2190.00 %5.25 %1.61 % 10.0
Saregama India Ltd 7,872 Cr. 408466/28842.1 74.30.93 %17.6 %12.8 % 1.00
Industry Average101.3 Cr266.8211.02113.310.67%15.35%117.12%5.4

TV18 Broadcast Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales1,3611,3481,1551,3081,5671,4961,2651,4731,7681,4063,1761,7941,676
Expenses1,0401,0699671,0661,2121,2421,2071,4331,7491,3293,2301,9921,822
Operating Profit32127918824235525458411977-54-198-146
OPM %24%21%16%18%23%17%5%3%1%5%-2%-11%-9%
Other Income26363427383039226940220210181
Interest181310991011253150363440
Depreciation35312929282726283335395046
Profit before tax2942711822313562476010243389-72-50
Tax %-28%7%11%-0%12%11%0%-5%-56%40%-2%9%-11%
Net Profit3772511622313122216010382091-65-56
EPS in Rs1.250.970.580.821.170.840.200.030.240.210.26-0.17-0.07

TV18 Broadcast Ltd Quarterly Chart

TV18 Broadcast Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,4101,6991,9682,3189259791,4754,9435,1754,4985,5265,9128,052
Expenses1,4691,5861,7572,1467949481,4164,6294,4703,6904,4885,7198,373
Operating Profit-5911321117213131593147058081,038193-321
OPM %-4%7%11%7%14%3%4%6%14%18%19%3%-4%
Other Income122434-10234439871104122129173651
Interest12014461481922271011428838116159
Depreciation34425640355669132166139113123170
Profit before tax-90-3099-17112-4611525027031,0161270
Tax %-6%-42%14%-123%3%-599%85%-39%17%-6%9%-1%
Net Profit-96-4289-2619569210417746926128-10
EPS in Rs-0.43-0.150.610.261.140.040.060.971.412.663.410.680.23
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

TV18 Broadcast 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 (%)56.25%311.90%-129.21%850.00%-96.92%50.00%2233.33%98.57%78.90%24.13%-86.18%
Change in YoY Net Profit Growth (%)0.00%255.65%-441.12%979.21%-946.92%146.92%2183.33%-2134.76%-19.67%-54.77%-110.31%

TV18 Broadcast Ltd Growth

Compounded Sales Growth
10 Years:13%
5 Years:32%
3 Years:5%
TTM:34%
Compounded Profit Growth
10 Years:20%
5 Years:67%
3 Years:-23%
TTM:-90%
Stock Price CAGR
10 Years:11%
5 Years:13%
3 Years:27%
1 Year:89%
Return on Equity
10 Years:4%
5 Years:8%
3 Years:9%
Last Year:2%

TV18 Broadcast Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital72342342343343343343343343343343343343
Reserves6132,9303,0683,1053,7102,9882,9973,1553,3913,8484,4374,33616,845
Borrowings9655504905012302731,0021,6201,7751,0307894,3861,884
Other Liabilities4366128087864653662,4302,7642,9003,0013,6284,70416,903
Total Liabilities2,0864,4354,7094,7354,7483,9706,7727,8828,4098,2229,19713,76835,975
Fixed Assets6106122,1521,9871,0201,1172,2892,2522,3602,3212,2742,45413,530
CWIP343915425478712625991228
Investments6825005142,5131,8253533804204895806474,609
Other Assets1,4663,7372,0542,2251,2001,0234,1055,2025,5425,2866,0839,75517,807
Total Assets2,0864,4354,7094,7354,7483,9706,7727,8828,4098,2229,19713,76835,975

TV18 Broadcast Ltd Reserves and Borrowings Chart

TV18 Broadcast Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -67101194-11013363158-1261531,319593-2,718
Cash from Investing Activity 6-2,0263824-118-108-19-389-187-99-293-706
Cash from Financing Activity -622,110-221-39-203025520-32-1,008-2933,317
Net Cash Flow-12218511-125-5-151645-652128-107

TV18 Broadcast Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days13299908511092300911051007276
Inventory Days
Days Payable
Cash Conversion Cycle13299908511092300911051007276
Working Capital Days165114131153201157411166204213219381
ROCE %-3%4%5%5%3%0%2%5%11%12%16%3%

TV18 Broadcast Ltd Financial Efficiency Indicators Chart

TV18 Broadcast Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters60.40%60.40%60.40%60.40%60.40%60.40%60.40%60.40%60.40%60.40%60.40%60.40%
FIIs12.11%12.25%12.17%14.09%12.75%10.25%9.85%8.58%8.54%8.50%8.55%7.46%
DIIs0.08%0.88%0.19%0.19%1.36%1.72%1.60%1.60%1.63%2.74%3.10%4.14%
Government0.52%0.00%0.00%0.00%0.00%0.00%0.01%0.00%0.00%0.00%0.00%0.00%
Public26.88%26.46%27.24%25.32%25.49%27.63%28.14%29.41%29.43%28.36%27.94%28.00%
No. of Shareholders1,75,0011,98,2422,11,6552,28,7562,84,6213,87,5383,90,7983,90,0113,84,2983,64,5923,78,9514,12,551

TV18 Broadcast Ltd Shareholding Pattern Chart

No. of TV18 Broadcast Ltd Shareholders

TV18 Broadcast Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Quant Small Cap Fund372338181.45188.03
Quant Active Fund317955262.17160.57
Nippon India Nifty Smallcap 250 Index Fund4661420.252.35
Motilal Oswal Nifty Smallcap 250 Index Fund2912990.241.47
SBI Nifty Smallcap 250 Index Fund2286490.241.15
ICICI Prudential Nifty Smallcap 250 Index Fund1088390.240.55
HDFC NIFTY Smallcap 250 ETF631600.240.32
HDFC Nifty Smallcap 250 Index Fund509280.240.26
Motilal Oswal Nifty 500 Index Fund294020.020.15
Edelweiss Nifty Smallcap 250 Index Fund118560.240.06

TV18 Broadcast Ltd ROCE Trend

TV18 Broadcast Ltd EPS Trend

TV18 Broadcast Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)0.683.412.661.410.97
Diluted EPS (Rs.)0.683.412.661.410.97
Cash EPS (Rs.)1.205.754.813.171.79
Book Value[Excl.RevalReserv]/Share (Rs.)36.1436.6631.2326.8624.47
Book Value[Incl.RevalReserv]/Share (Rs.)36.1436.6631.2326.8624.47
Revenue From Operations / Share (Rs.)34.4932.2326.2330.1928.83
PBDIT / Share (Rs.)1.876.505.084.582.04
PBIT / Share (Rs.)1.155.844.273.611.26
PBT / Share (Rs.)0.475.613.752.700.67
Net Profit / Share (Rs.)0.485.094.002.201.02
NP After MI And SOA / Share (Rs.)0.673.412.661.410.97
PBDIT Margin (%)5.4120.1519.3415.167.06
PBIT Margin (%)3.3418.1016.2611.964.38
PBT Margin (%)1.3717.4114.318.932.34
Net Profit Margin (%)1.3915.7815.257.293.53
NP After MI And SOA Margin (%)1.9610.5710.124.683.37
Return on Networth / Equity (%)2.4812.2210.866.494.77
Return on Capital Employeed (%)2.9915.3213.1713.004.83
Return On Assets (%)0.846.355.542.882.11
Long Term Debt / Equity (X)0.000.000.000.000.06
Total Debt / Equity (X)0.880.130.210.470.45
Asset Turnover Ratio (%)0.180.200.170.190.20
Current Ratio (X)1.322.131.771.341.32
Quick Ratio (X)0.501.161.070.780.76
Interest Coverage Ratio (X)2.7629.249.925.553.47
Interest Coverage Ratio (Post Tax) (X)1.7123.918.823.772.74
Enterprise Value (Cr.)10359.0214541.896658.035187.018188.89
EV / Net Operating Revenue (X)1.752.631.481.001.66
EV / EBITDA (X)32.3513.067.656.6123.46
MarketCap / Net Operating Revenue (X)0.832.301.100.511.23
Price / BV (X)1.062.661.180.711.74
Price / Net Operating Revenue (X)0.832.301.100.511.23
EarningsYield0.020.040.090.090.02

TV18 Broadcast Ltd Profitability Ratios (%)

TV18 Broadcast Ltd Liquidity Ratios

TV18 Broadcast Ltd Liquidity Ratios (%)

TV18 Broadcast Ltd Interest Coverage Ratios (X)

TV18 Broadcast Ltd Valuation Ratios

Fair Value / Intrinsic Value of TV18 Broadcast Ltd

Fair Value: ₹1199.40

The stock is undervalued by 1,788.82% compared to the current price ₹63.5

*Investments are subject to market risks

Strength and Weakness of TV18 Broadcast Ltd

StrengthWeakness
  1. The company has higher reserves (4,263.31 cr) compared to borrowings (1,191.92 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (149.31 cr) and profit (124.31 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 3.23 and average Dividend Yield of 10.81%.
  2. The stock has a low average ROCE of 5.25%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 209.58, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 112.67, which may not be favorable.

Should I Buy TV18 Broadcast Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in TV18 Broadcast Ltd:
    1. Net Profit Margin: 1.39%
      • 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: 2.99% (Industry Average ROCE: 9.05%)
      • 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): 1.71
      • 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: 0.50
      • 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: 442 (Industry average Stock P/E: 26.98)
      • 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: 0.88
      • 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 TV18 Broadcast 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