Zee Media Corporation Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 1:35 am

Market Cap	1,159 Cr.
Current Price	18.5
High / Low	26.4/10.0
Stock P/E
Book Value	3.66
Dividend Yield	0.00 %
ROCE	17.8 %
ROE	28.3 %
Face Value	1.00
PEG Ratio	0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Hathway Bhawani Cabletel & Datacom Ltd	14.6 Cr.	18.0	23.7/16.2		1.99	0.00 %	2.26 %	2.26 %	10.0
G V Films Ltd	134 Cr.	0.72	1.20/0.60		0.61	0.00 %	2.27 %	2.08 %	1.00
Encash Entertainment Ltd	11.3 Cr.	29.0	29.0/29.0		21.3	0.00 %	3.81 %	3.93 %	10.0
Diksat Transworld Ltd	249 Cr.	142	149/126	144	13.7	0.00 %	3.36 %	4.21 %	10.0
Cyber Media (India) Ltd	40.3 Cr.	25.7	44.0/20.6	16.4	0.65	0.00 %	45.5 %	%	10.0
Industry Average	3,550.71 Cr	155.03		190.19	53.16	0.20%	37.30%	11.77%	5.94

All Competitor Stocks of

Quarterly Result

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Sales	206	243	248	207	195	171	148	140	152	167	179	176	131
Expenses	144	155	189	167	174	166	153	160	172	193	153	161	162
Operating Profit	62	88	59	40	20	5	-5	-20	-20	-25	26	15	-31
OPM %	30%	36%	24%	19%	10%	3%	-3%	-14%	-13%	-15%	15%	8%	-24%
Other Income	-124	4	-67	3	1	1	-17	11	4	3	4	9	2
Interest	9	8	10	7	8	7	7	6	5	5	8	8	7
Depreciation	21	21	21	23	22	23	23	19	20	19	27	30	30
Profit before tax	-92	62	-39	13	-9	-24	-53	-34	-41	-46	-5	-14	-67
Tax %	12%	26%	30%	35%	40%	-20%	-13%	-26%	-26%	-23%	32%	-26%	-25%
Net Profit	-103	45	-51	8	-12	-19	-46	-25	-31	-36	-7	-10	-50
EPS in Rs	-1.64	0.73	-0.82	0.13	-0.19	-0.31	-0.73	-0.40	-0.49	-0.57	-0.10	-0.17	-0.80

Last Updated: November 6, 2024, 7:30 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 23, 2024, 3:13 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	304	335	544	543	450	573	687	632	649	867	721	638	674
Expenses	263	303	504	464	353	466	532	449	430	605	660	677	679
Operating Profit	41	32	40	79	97	108	155	183	219	262	61	-39	-5
OPM %	13%	10%	7%	14%	22%	19%	23%	29%	34%	30%	8%	-6%	-1%
Other Income	22	23	8	12	-48	9	-51	-315	-7	-212	-12	21	20
Interest	9	10	53	49	15	18	18	24	24	38	30	24	26
Depreciation	12	16	50	47	27	41	55	88	81	85	92	85	96
Profit before tax	42	29	-56	-4	7	58	30	-243	107	-73	-73	-127	-107
Tax %	35%	26%	-22%	12%	336%	52%	121%	11%	29%	62%	-5%	-22%
Net Profit	27	21	-43	-5	-16	28	-6	-271	76	-118	-69	-98	-84
EPS in Rs	0.78	0.61	-0.99	-0.18	-0.42	0.42	-0.15	-5.76	1.61	-1.88	-1.10	-1.57	-1.33
Dividend Payout %	0%	0%	0%	-78%	0%	0%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-22.22%	-304.76%	88.37%	-220.00%	275.00%	-121.43%	-4416.67%	128.04%	-255.26%	41.53%	-42.03%
Change in YoY Net Profit Growth (%)	0.00%	-282.54%	393.13%	-308.37%	495.00%	-396.43%	-4295.24%	4544.71%	-383.31%	296.79%	-83.55%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	7%
5 Years:	-1%
3 Years:	-1%
TTM:	7%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-3%

Stock Price CAGR
10 Years:	0%
5 Years:	24%
3 Years:	12%
1 Year:	18%

Return on Equity
10 Years:	0%
5 Years:	6%
3 Years:	1%
Last Year:	-28%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 2:26 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	24	24	36	44	47	47	47	47	47	63	63	63	63
Reserves	189	207	325	500	469	625	591	318	485	394	325	227	167
Borrowings	67	111	460	385	109	125	194	118	366	244	199	246	197
Other Liabilities	87	104	173	176	563	255	211	243	207	270	286	433	507
Total Liabilities	366	446	994	1,104	1,188	1,052	1,042	726	1,105	971	873	968	932
Fixed Assets	86	138	630	579	152	230	247	294	262	329	340	555	495
CWIP	4	3	4	12	23	7	0	0	-0	1	2	0	-0
Investments	-0	4	2	3	511	525	431	70	71	80	58	42	42
Other Assets	276	302	359	511	502	290	364	362	772	561	472	370	396
Total Assets	366	446	994	1,104	1,188	1,052	1,042	726	1,105	971	873	968	932

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	80	28	-18	34	95	66	59	164	123	230	146	77
Cash from Investing Activity +	-71	-54	19	-65	-100	-103	-98	-27	-44	-166	-98	15
Cash from Financing Activity +	-21	36	19	100	-33	-15	34	-51	-29	-120	-93	-92
Net Cash Flow	-13	10	20	69	-38	-52	-5	87	51	-56	-45	-1

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-26.00	-79.00	-420.00	-306.00	-12.00	-17.00	-39.00	65.00	-147.00	18.00	-138.00	-285.00

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	107	95	77	79	114	111	110	116	134	100	77	118
Inventory Days			34	55
Days Payable			235	342
Cash Conversion Cycle	107	95	-123	-208	114	111	110	116	134	100	77	118
Working Capital Days	202	158	1	53	6	28	60	49	260	106	-17	-79
ROCE %	17%	12%	1%	6%	11%	10%	13%	16%	21%	24%	-2%	-19%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	8.52%	8.52%	8.52%	4.34%	4.34%	4.34%	4.34%	4.34%	0.07%	0.07%	0.07%	0.42%
FIIs	7.64%	7.74%	7.99%	8.52%	8.43%	8.54%	8.55%	8.26%	8.27%	8.48%	8.14%	8.15%
DIIs	0.80%	0.94%	0.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	83.04%	82.79%	83.19%	87.15%	87.23%	87.12%	87.10%	87.40%	91.66%	91.46%	91.78%	91.43%
No. of Shareholders	1,42,669	1,53,500	1,72,818	1,81,514	1,80,671	1,76,722	1,77,915	1,81,204	1,92,410	1,85,759	2,08,497	2,03,707

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	-1.57	-1.10	-2.07	1.61	-5.76
Diluted EPS (Rs.)	-1.57	-1.10	-2.07	1.49	-5.76
Cash EPS (Rs.)	-0.22	0.44	-0.56	3.32	-3.95
Book Value[Excl.RevalReserv]/Share (Rs.)	4.63	6.19	7.30	10.97	7.75
Book Value[Incl.RevalReserv]/Share (Rs.)	4.63	6.19	7.30	10.97	7.75
Revenue From Operations / Share (Rs.)	10.21	11.52	13.86	13.79	13.42
PBDIT / Share (Rs.)	-0.23	1.35	4.15	4.74	4.07
PBIT / Share (Rs.)	-1.59	-0.11	2.79	3.02	2.20
PBT / Share (Rs.)	-2.03	-1.08	-1.20	2.27	-5.22
Net Profit / Share (Rs.)	-1.58	-1.02	-1.92	1.60	-5.81
NP After MI And SOA / Share (Rs.)	-1.57	-1.10	-1.88	1.61	-5.76
PBDIT Margin (%)	-2.26	11.75	29.91	34.36	30.32
PBIT Margin (%)	-15.56	-0.96	20.12	21.92	16.39
PBT Margin (%)	-19.89	-9.37	-8.68	16.45	-38.93
Net Profit Margin (%)	-15.46	-8.83	-13.87	11.63	-43.32
NP After MI And SOA Margin (%)	-15.41	-9.54	-13.57	11.66	-42.91
Return on Networth / Equity (%)	-34.02	-17.76	-25.79	14.66	-74.30
Return on Capital Employeed (%)	-22.74	-1.27	26.44	16.95	19.92
Return On Assets (%)	-10.16	-7.88	-12.10	6.85	-37.32
Long Term Debt / Equity (X)	0.01	0.31	0.35	0.48	0.23
Total Debt / Equity (X)	0.46	0.50	0.46	0.48	0.27
Asset Turnover Ratio (%)	0.69	0.53	0.61	0.64	0.64
Current Ratio (X)	0.47	0.71	1.67	2.76	1.59
Quick Ratio (X)	0.47	0.71	1.67	2.76	1.59
Interest Coverage Ratio (X)	-0.59	2.86	6.86	9.17	7.98
Interest Coverage Ratio (Post Tax) (X)	-2.94	-0.09	3.42	4.56	3.16
Enterprise Value (Cr.)	777.23	719.74	1213.48	459.53	217.96
EV / Net Operating Revenue (X)	1.22	0.99	1.40	0.70	0.34
EV / EBITDA (X)	-53.82	8.49	4.68	2.06	1.14
MarketCap / Net Operating Revenue (X)	1.02	0.74	1.19	0.46	0.27
Price / BV (X)	2.25	1.39	2.27	0.58	0.46
Price / Net Operating Revenue (X)	1.02	0.74	1.19	0.46	0.27
EarningsYield	-0.15	-0.12	-0.11	0.25	-1.59

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 21, 2024 is: 15.85

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.

As of December 21, 2024, is Overvalued by 14.32% compared to the current share price 18.50

Default values used*: Default value of 15 for Stock P/E is used

Intrinsic Value of as of December 21, 2024 is: 12.05

Calculation basis:

Intrinsic 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 intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 21, 2024, is Overvalued by 34.86% compared to the current share price 18.50

Default values used*: Default value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -23.98%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock is trading at a low valuation with an average P/B ratio of 1.26 and average Dividend Yield of 8.38%. The company has higher reserves (370.92 cr) compared to borrowings (217.00 cr), indicating strong financial stability.	The stock has a low average ROCE of 9.17%, which may not be favorable. The stock has a high average Working Capital Days of 68.92, which may not be favorable. The stock has a high average Cash Conversion Cycle of 62.58, which may not be favorable. The company has not shown consistent growth in sales (585.92) and profit (-31.54).

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 :
1. Net Profit Margin: -15.46%
  - 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: -22.74% (Industry Average ROCE: 37.3%)
  - 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%: -34.02% (Industry Average ROE: 11.77%)
  - 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): -2.94
  - 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: 0.47
  - 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: 0 (Industry average Stock P/E: 190.19)
  - 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: 0.46
  - 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 - Qualitative Analysis

Zee Media Corporation Ltd. is a Public Limited Listed company incorporated on 27/08/1999 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L92100MH1999PLC121506 and registration number is 121506. Currently Company is involved in the business activities of Television programming and broadcasting activities. Company’s Total Operating Revenue is Rs. 654.88 Cr. and Equity Capital is Rs. 62.54 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Entertainment & Media	135, Continental Building, 2nd Floor, Dr. Annie Besant Road, Worli, Mumbai Maharashtra 400018	zmcl@zeemedia.esselgroup.com http://www.zeenews.in

Management
Name	Position Held
Mr. Susanta Kumar Panda	Chairman & Ind.Director
Mr. Dinesh Kumar Garg	Executive Director - Finance
Mr. Amitabh Kumar	Non Executive Director
Mr. Surender Singh	Non Executive Director
Mr. Raj Kumar Gupta	Independent Director
Ms. Swetha Gopalan	Independent Director
Mr. Purushottam Vaishnava	Non Executive Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹15.85, which is 14.32% lower than the current market price of ₹18.50. The stock has a market capitalization of 1,159 Cr. and recorded a high/low of 26.4/10.0 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹167 Cr and total liabilities of ₹932 Cr.

What is the Market Cap of ?

The Market Cap of is 1,159 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 18.5.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 26.4/10.0.

What is the Stock P/E of ?

The Stock P/E of is .

What is the Book Value of ?

The Book Value of is 3.66.

What is the Dividend Yield of ?

The Dividend Yield of is 0.00 %.

What is the ROCE of ?

The ROCE of is 17.8 %.

What is the ROE of ?

The ROE of is 28.3 %.

What is the Face Value of ?

The Face Value of is 1.00.