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Last Updated on: 19 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 532794 | NSE: ZEEMEDIA

Fundamental Analysis of Zee Media Corporation Ltd

Basic Stock Data

Last Updated: July 18, 2024, 10:26 pm

Market Cap 869 Cr.
Current Price 13.9
High / Low18.3/9.60
Stock P/E
Book Value 4.63
Dividend Yield0.00 %
ROCE18.3 %
ROE29.9 %
Face Value 1.00
PEG Ratio0.00

Data Source: screener.in

Competitors of Zee Media Corporation Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
BMB Music & Magnetics Ltd 1.56 Cr. 2.583.27/2.1131.2 3.930.00 %2.13 %2.13 % 10.0
Diligent Media Corporation Ltd 63.8 Cr. 5.397.17/2.759.51 21.90.00 %8.07 %% 1.00
Sun TV Network Ltd 31,576 Cr. 801823/51216.4 2672.09 %26.3 %19.4 % 5.00
Padmalaya Telefilms Ltd 5.00 Cr. 2.944.45/1.71 9.650.00 %1.32 %1.33 % 10.0
Balaji Telefilms Ltd 704 Cr. 69.3144/43.436.3 42.50.00 %8.58 %4.63 % 2.00
Industry Average2,509.43 Cr140.73128.0364.980.14%10.28%8.73%6.05

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales182.93170.18206.14242.81247.73206.96194.77171.20147.69140.41151.59167.31178.98
Expenses122.73124.87143.94155.31189.13167.12174.38165.91152.80160.19171.81192.79152.84
Operating Profit60.2045.3162.2087.5058.6039.8420.395.29-5.11-19.78-20.22-25.4826.14
OPM %32.91%26.62%30.17%36.04%23.65%19.25%10.47%3.09%-3.46%-14.09%-13.34%-15.23%14.60%
Other Income-8.82-15.88-124.143.59-67.222.850.821.32-16.8610.603.583.194.31
Interest9.5911.158.928.159.597.337.617.397.345.735.084.938.40
Depreciation20.3721.6820.7021.2621.2222.8022.2423.2923.3319.2319.5219.1927.00
Profit before tax21.42-3.40-91.5661.68-39.4312.56-8.64-24.07-52.64-34.14-41.24-46.41-4.95
Tax %50.98%-166.47%-12.13%26.30%-30.48%34.79%-39.81%20.40%13.01%25.86%25.56%22.62%-31.52%
Net Profit10.50-9.06-102.6745.46-51.458.19-12.08-19.16-45.79-25.31-30.70-35.91-6.51
EPS in Rs0.22-0.19-1.640.73-0.820.13-0.19-0.31-0.73-0.40-0.49-0.57-0.10

Last Updated: July 11, 2024, 8:18 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: July 10, 2024, 11:29 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales304335544543450573687632649867721638
Expenses263303504464353466532449430605660677
Operating Profit413240799710815518321926261-39
OPM %13%10%7%14%22%19%23%29%34%30%8%-6%
Other Income2223812-489-51-315-7-212-1222
Interest91053491518182424383024
Depreciation121650472741558881859285
Profit before tax4229-56-475830-243107-73-73-127
Tax %35%26%22%-12%336%52%121%-11%29%-62%5%22%
Net Profit2721-43-5-1628-6-27176-118-69-98
EPS in Rs0.780.61-0.99-0.18-0.420.42-0.15-5.761.61-1.88-1.10-1.57
Dividend Payout %0%0%0%-78%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 (%)-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%

Growth

Compounded Sales Growth
10 Years:7%
5 Years:-1%
3 Years:-1%
TTM:-11%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-136%
Stock Price CAGR
10 Years:-2%
5 Years:5%
3 Years:5%
1 Year:38%
Return on Equity
10 Years:0%
5 Years:6%
3 Years:1%
Last Year:-30%

Last Updated: July 17, 2024, 4:59 pm

Balance Sheet

Last Updated: July 10, 2024, 11:29 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital242436444747474747636363
Reserves189207325500469625591318485353284227
Borrowings67111460385109125194118366244199246
Other Liabilities87104173176563255211243207311327433
Total Liabilities3664469941,1041,1881,0521,0427261,105971873968
Fixed Assets86138630579152230247294262329340555
CWIP43412237000120
Investments04235115254317071805842
Other Assets276302359511502290364362772561472370
Total Assets3664469941,1041,1881,0521,0427261,105971873968

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 8028-183495665916412323016277
Cash from Investing Activity -71-5419-65-100-103-98-27-44-166-11315
Cash from Financing Activity -213619100-33-1534-51-29-120-93-92
Net Cash Flow-13102069-38-52-58751-56-45-1

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-26.00-79.00-420.00-306.00-12.00-17.00-39.0065.00-147.0018.00-138.00-285.00

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

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days11810795777911411111011613410071
Inventory Days3455
Days Payable235342
Cash Conversion Cycle11810795-123-20811411111011613410071
Working Capital Days1792021581536286049260106-17
ROCE %23%17%12%1%6%11%10%13%16%21%24%-2%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters14.72%8.52%8.52%8.52%4.34%4.34%4.34%4.34%4.34%0.07%0.07%0.07%
FIIs10.14%7.64%7.74%7.99%8.52%8.43%8.54%8.55%8.26%8.27%8.48%8.14%
DIIs2.07%0.80%0.94%0.30%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public73.07%83.04%82.79%83.19%87.15%87.23%87.12%87.10%87.40%91.66%91.46%91.78%
No. of Shareholders1,38,1461,42,6691,53,5001,72,8181,81,5141,80,6711,76,7221,77,9151,81,2041,92,4101,85,7592,08,497

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
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)-1.57-1.10-2.071.61-5.76
Diluted EPS (Rs.)-1.57-1.10-2.071.49-5.76
Cash EPS (Rs.)-0.220.44-0.563.32-3.95
Book Value[Excl.RevalReserv]/Share (Rs.)4.636.197.3010.977.75
Book Value[Incl.RevalReserv]/Share (Rs.)4.636.197.3010.977.75
Revenue From Operations / Share (Rs.)10.2111.5213.8613.7913.42
PBDIT / Share (Rs.)-0.231.354.154.744.07
PBIT / Share (Rs.)-1.59-0.112.793.022.20
PBT / Share (Rs.)-2.03-1.08-1.202.27-5.22
Net Profit / Share (Rs.)-1.58-1.02-1.921.60-5.81
NP After MI And SOA / Share (Rs.)-1.57-1.10-1.881.61-5.76
PBDIT Margin (%)-2.2611.7529.9134.3630.32
PBIT Margin (%)-15.56-0.9620.1221.9216.39
PBT Margin (%)-19.90-9.37-8.6816.45-38.93
Net Profit Margin (%)-15.46-8.83-13.8711.63-43.32
NP After MI And SOA Margin (%)-15.42-9.54-13.5711.66-42.91
Return on Networth / Equity (%)-34.02-17.76-25.7914.66-74.30
Return on Capital Employeed (%)-22.74-1.2726.4416.9519.92
Return On Assets (%)-10.16-7.88-12.106.85-37.32
Long Term Debt / Equity (X)0.010.310.350.480.23
Total Debt / Equity (X)0.460.500.460.480.27
Asset Turnover Ratio (%)0.690.530.610.640.64
Current Ratio (X)0.470.711.672.761.59
Quick Ratio (X)0.470.711.672.761.59
Interest Coverage Ratio (X)-0.592.866.869.177.98
Interest Coverage Ratio (Post Tax) (X)-2.94-0.093.424.563.16
Enterprise Value (Cr.)777.22719.741213.48459.53217.96
EV / Net Operating Revenue (X)1.220.991.400.700.34
EV / EBITDA (X)-53.828.494.682.061.14
MarketCap / Net Operating Revenue (X)1.020.741.190.460.27
Price / BV (X)2.251.392.270.580.46
Price / Net Operating Revenue (X)1.020.741.190.460.27
EarningsYield-0.15-0.12-0.110.25-1.59

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 21.18

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: 52.38% compared to the current price 13.9

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

Intrinsic Value: 29.44

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: 111.82% compared to the current price 13.9

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

Last 5 Year EPS CAGR: 39.01%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock is trading at a low valuation with an average P/B ratio of 1.26 and average Dividend Yield of 8.38%.
  2. The company has higher reserves (381.08 cr) compared to borrowings (218.67 cr), indicating strong financial stability.
  1. The stock has a low average ROCE of 12.67%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 90.42, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 62.08, which may not be favorable.
  4. The company has not shown consistent growth in sales (578.58) and profit (-25.25).

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 Zee Media Corporation Ltd:
    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: %)
      • 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: %)
      • 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: (Industry average Stock P/E: )
      • 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

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.
INDUSTRYADDRESSCONTACT
Entertainment & Media14th Floor, A Wing, Marathon Futurex, Mumbai Maharashtra 400013zmcl@zeemedia.esselgroup.com
http://www.zeenews.com
Management
NamePosition Held
Mr. Susanta Kumar PandaChairman & Ind.Director
Mr. Dinesh Kumar GargExecutive Director - Finance
Mr. Amitabh KumarNon Executive Director
Mr. Surender SinghNon Executive Director
Mr. Raj Kumar GuptaIndependent Director
Ms. Swetha GopalanIndependent Director
Mr. Purushottam VaishnavaNon Executive Director

FAQ

What is the latest fair value of Zee Media Corporation Ltd?

The latest fair value of Zee Media Corporation Ltd is ₹21.18.

What is the Market Cap of Zee Media Corporation Ltd?

The Market Cap of Zee Media Corporation Ltd is 869 Cr..

What is the current Stock Price of Zee Media Corporation Ltd as on 19 July 2024?

The current stock price of Zee Media Corporation Ltd as on 19 July 2024 is 13.9.

What is the High / Low of Zee Media Corporation Ltd stocks in FY 2024?

In FY 2024, the High / Low of Zee Media Corporation Ltd stocks is 18.3/9.60.

What is the Stock P/E of Zee Media Corporation Ltd?

The Stock P/E of Zee Media Corporation Ltd is .

What is the Book Value of Zee Media Corporation Ltd?

The Book Value of Zee Media Corporation Ltd is 4.63.

What is the Dividend Yield of Zee Media Corporation Ltd?

The Dividend Yield of Zee Media Corporation Ltd is 0.00 %.

What is the ROCE of Zee Media Corporation Ltd?

The ROCE of Zee Media Corporation Ltd is 18.3 %.

What is the ROE of Zee Media Corporation Ltd?

The ROE of Zee Media Corporation Ltd is 29.9 %.

What is the Face Value of Zee Media Corporation Ltd?

The Face Value of Zee Media Corporation Ltd is 1.00.

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 Zee Media Corporation 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