Entertainment Network (India) Ltd - Stock Valuation and Financial Performance

BSE: 532700 | NSE: ENIL | TV Broadcasting & Software Production | Small Cap

Entertain. Network Share Price

260.85 -5.50 -2.06%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Entertain. Network

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Entertainment Network (India) stock performance -

mw4me loader
P/E Ratio (SA):
56.12
Market Cap:
1,269.7 Cr.
52-wk low:
109.7
52-wk high:
357.4

Is Entertainment Network (India) Ltd an attractive stock to invest in?

1. Is Entertainment Network (India) Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Entertainment Network (India) Ltd is a average quality company.

2. Is Entertainment Network (India) Ltd undervalued or overvalued?

The key valuation ratios of Entertainment Network (India) Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Entertainment Network (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Entertainment Network (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Entertain. Network:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Entertainment Network (India) Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 13%14.4%10.2%5%3.1%5%2.1%-11.4%-2.2%-1.4%-
Value Creation
Index
-0.10.0-0.3-0.6-0.8-0.6-0.9-1.8-1.2-1.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 384438509556537620541267305420440
Sales YoY Gr.-14%16%9.3%-3.4%15.5%-12.9%-50.6%14.5%37.3%-
Adj EPS 14.818.918.58.65.69.51.5-23.3-6-4.54.8
YoY Gr.-28.1%-2.1%-53.3%-35.1%69.2%-84.7%-1709.7%NANA-
BVPS (₹) 121.7141.5169.2179.3185.5195.6192.6168.7161.9156.8160.8
Adj Net
Profit
70.390.188.241.226.745.36.9-111-28.4-21.423
Cash Flow from Ops. 10494.81091049812011830.139.389.1-
Debt/CF from Ops. 002.31.21.100000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 1%-4.8%-8.1%37.3%
Adj EPS -187.6%-195.6%-245.7%NA
BVPS2.9%-3.3%-6.6%-3.2%
Share Price -3.7% -13.2% 20% 111.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
1314.411.953.150.8-12.9-3.6-2.83
Op. Profit
Mgn %
3131.930.222.421.422.522.96.112.91621.1
Net Profit
Mgn %
18.320.517.37.457.31.3-41.7-9.3-5.15.1
Debt to
Equity
000.30.10.100000-
Working Cap
Days
186202226245215167215389301208189
Cash Conv.
Cycle
228913161421755842125

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 3.00%

Sales growth has been subdued in last 3 years -8.10%

Net Profit has been subdued in last 3 years -245.65%

Sales growth is not so good in last 4 quarters at 3.57%

Latest Financials - Entertainment Network (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 4.8 5.4
TTM Sales (₹ Cr.) 440 458
BVPS (₹.) 160.8 161.3
Reserves (₹ Cr.) 719 721
P/BV 1.66 1.65
PE 56.12 49.08
From the Market
52 Week Low / High (₹) 109.70 / 357.40
All Time Low / High (₹) 93.00 / 1008.00
Market Cap (₹ Cr.) 1,270
Equity (₹ Cr.) 47.7
Face Value (₹) 10
Industry PE 17.2

Management X-Ray of Entertain. Network:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Entertain. Network

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales384438509556537620541267305420
Operating Expenses 265299355431422481417251266352
Manufacturing Costs54586886206252212120115139
Material Costs0000000000
Employee Cost 75839410511912613592107150
Other Costs 1361581932409810370384463
Operating Profit 119140154125115140124163967
Operating Profit Margin (%) 31.0%31.9%30.2%22.4%21.3%22.5%22.8%6.1%12.9%16.0%
Other Income 28383921111513181919
Interest 000145418181615
Depreciation 32333654636799957977
Exceptional Items 0000400-740-18
Profit Before Tax 11514515778618419-153-36-24
Tax 3239492426304-44-9-5
Profit After Tax 8310610854355415-109-27-19
PAT Margin (%) 21.7%24.2%21.2%9.8%6.5%8.7%2.7%-41.0%-9.0%-4.6%
Adjusted EPS (₹)17.522.222.611.47.411.33.1-22.9-5.8-4.1
Dividend Payout Ratio (%)6%5%4%9%14%9%33%-4%-17%-24%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 580675806855884932918804772747
Share Capital 48484848484848484848
Reserves 533627759807837885871757724700
Minority Interest0000000000
Debt0025012310400000
Long Term Debt0000000000
Short Term Debt0025012310400000
Trade Payables587480112105123115767177
Others Liabilities 10814819822062158350282247239
Total Liabilities 7468961,3351,3101,1551,2131,3831,1621,0891,063

Fixed Assets

Gross Block3693644078028249071,1151,1291,0851,087
Accumulated Depreciation2783103689151216283462482551
Net Fixed Assets9153371713673691833668603535
CWIP 003576663221211
Investments 434550235116163148242232238283
Inventories0000000000
Trade Receivables104126140162170184159114127130
Cash Equivalents 1414201918212657
Others Assets10315221123368148147141116107
Total Assets 7468961,3351,3101,1551,2131,3831,1621,0891,063

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1049510910498120118303989
PBT 11514515778618419-79-36-6
Adjustment 12-1-75356601091018078
Changes in Working Capital 161-8-7-5-3614121
Tax Paid -40-49-32-19-15-20-16-6-5-4
Cash Flow From Investing Activity -97-89-33852-65-1-968-2-54
Capex -3-4-717-87-26-29-13-8-7-8
Net Investments -98-93374139-4028-831613-48
Others 49500000-82
Cash Flow From Financing Activity -6-6231-154-33-116-41-35-38-33
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 00-13000-18-18-16-15
Dividend Paid -5-5-5-5-5-5-5-5-5-5
Others -1-1248-149-28-111-18-12-17-13
Net Cash Flow 2022-13-194-12
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)15.4216.8914.576.564.045.941.57-12.69-3.49-2.56
ROCE (%)21.3523.0618.19.036.749.134.02-15.68-2.56-1.15
Asset Turnover Ratio0.560.530.460.420.440.520.420.210.270.39
PAT to CFO Conversion(x)1.250.91.011.932.82.227.87N/AN/AN/A
Working Capital Days
Receivable Days97969699113104116186144112
Inventory Days0000000000
Payable Days0000000000

Entertainment Network (India) Ltd Stock News

Entertainment Network (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Entertain. Network on 28-Mar-2024 16:01 is ₹260.9.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Entertain. Network stood at ₹1,269.7.
The latest P/E ratio of Entertain. Network as of 28-Mar-2024 16:01 is 56.12.
The latest P/B ratio of Entertain. Network as of 28-Mar-2024 16:01 is 1.66.
The 52-week high of Entertain. Network is ₹357.4 and the 52-week low is ₹109.7.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Entertain. Network is ₹440.5 ( Cr.) .

About Entertainment Network (India) Ltd

Entertainment Network (India) was incorporated in June 1999. It is one of the leading entertainment and media company and is engaged in radio broadcasting under the brand name ‘Radio Mirchi’.

The company has 32 FM radio stations spread across the country and more than 41 million listeners across all its stations. It is the only company which has the largest number of licenses.

It has its presence in Mumbai, Delhi, Kolkata, Chennai, Pune, Indore, Ahmedabad Bangalore, Hyderabad, Jaipur, Patna and Jalandhar.

ENIL has a 100% owned subsidiary Times Innovative Media ('TIM') that operates under the brand name “Times OOH” and has a wide set of Out of Home media properties across the key Indian cities.

In 2012 -India's largest FM Station Radio Mirchi joined hands with aDubai based Cricket Radio to make it's ICC World Cup programming more interesting.

Awards

The company won a gold medal in Best Activity Generating Brand Loyalty at Promotion Marketing Awards of Asia (PMAA) - 2004.

It won Best Jingle in English-Radio Mirchi at 28th RAPA Awards - Radio and TV Advertising Practitioners Association of India.

It was awarded ITC Kolkata Trophy 2005 Consumer Connect Awards for the promotional campaign “Bappi Da Gyan'.

The company’s '983 - Kismat Khol De' contest won the gold medal for best activity generating brand loyalty at the Promotion Marketing Awards of Asia - 2004.

The company was awarded the FICCI - Frames Excellence Award 2010 for the Most Successful Radio Channel of the Year - Radio Mirchi was the ONLY radio station to receive an award from FICCI.

Radio Mirchi received 8 awards at the 5th India Radio Forum (IRF). This included 4 awards for our RJs out of a total of 7 RJs who were acknowledged.

The company was awarded the Most Popular Radio Channel amongst Youth at the 2nd Global Youth Marketing Forum.

It also received the CMO Council Brand Leadership Award.

Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.