Raj Television Network Ltd - Stock Valuation and Financial Performance

BSE: 532826 | NSE: RAJTV | TV Broadcasting & Software Production | Small Cap

Raj TV Network Share Price

50.31 -2.64 -4.99%
as on 18-Mar'24 16:59

DeciZen - make an informed investing decision on Raj TV Network

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Raj Television Network stock performance -

mw4me loader
P/E Ratio (SA):
197.11
Market Cap:
261.2 Cr.
52-wk low:
37.4
52-wk high:
75.1

Is Raj Television Network Ltd an attractive stock to invest in?

1. Is Raj Television Network Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Raj Television Network Ltd is a average quality company.

2. Is Raj Television Network Ltd undervalued or overvalued?

The key valuation ratios of Raj Television Network Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Raj Television Network Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Raj Television Network 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 Raj TV 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.
Raj Television Network 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 % 9.9%6.5%-1.6%-0.7%1.3%5%1.8%2.4%2.3%2%-
Value Creation
Index
-0.3-0.5-1.1-1.1-0.9-0.7-0.9-0.8-0.8-0.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 79.582.582.561.261.662.259.278.369.384.8129
Sales YoY Gr.-3.8%-0.1%-25.8%0.6%1%-4.9%32.4%-11.6%22.4%-
Adj EPS 2.51.6-1.2-0.9-0.31000.20.20.3
YoY Gr.--37.1%-175.6%NANANA-100%NA533.3%10.5%-
BVPS (₹) 21.821.419.918.117.818.818.718.81919.219.1
Adj Net
Profit
12.98.1-6.1-4.8-1.55.400.111.11
Cash Flow from Ops. -7.815.44.5-11.611.719.117.27.53.330.8-
Debt/CF from Ops. -5.71.97.7-3.53.71.92.14.69.30.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 0.7%6.6%12.8%22.4%
Adj EPS -24%NANA10.5%
BVPS-1.4%1.5%0.8%1.1%
Share Price -10% 6.5% 15% 27.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
9.95.2-4.1-3.4-1.13.9-00.10.70.81.4
Op. Profit
Mgn %
29.529.66.412.916.821.819.316.417.57.14.6
Net Profit
Mgn %
16.29.8-7.5-7.8-2.58.6-00.21.41.31.1
Debt to
Equity
0.40.30.30.40.50.40.40.40.30.3-
Working Cap
Days
36541743150543645249440447536867
Cash Conv.
Cycle
24330731333928529930724029917320

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 1.40%

Sales growth is growing at healthy rate in last 3 years 12.75%

Sales growth is good in last 4 quarters at 95.81%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Raj Television Network Ltd.

Standalone Consolidated
TTM EPS (₹) 0.3 -
TTM Sales (₹ Cr.) 129 -
BVPS (₹.) 19.1 -
Reserves (₹ Cr.) 73 -
P/BV 2.63 -
PE 197.11 -
From the Market
52 Week Low / High (₹) 37.40 / 75.05
All Time Low / High (₹) 7.40 / 165.05
Market Cap (₹ Cr.) 261
Equity (₹ Cr.) 26
Face Value (₹) 5
Industry PE 17.4

Management X-Ray of Raj TV Network:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.540.540.540.540.540.540.540.540.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Raj TV 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
Sales79838261626259786985
Operating Expenses 56587753514948655779
Manufacturing Costs28254422202117423651
Material Costs0000000000
Employee Cost 16181818181614111112
Other Costs 12151513141217131016
Operating Profit 23245810141113126
Operating Profit Margin (%) 29.5%29.6%6.4%12.6%16.8%21.8%19.2%16.4%17.5%7.1%
Other Income 1101210001
Interest 5655554643
Depreciation 4677767772
Exceptional Items 0000000000
Profit Before Tax 1613-5-3040012
Tax 35121-20001
Profit After Tax 138-6-5-150011
PAT Margin (%) 16.2%9.9%-7.3%-7.8%-2.2%8.7%0.0%0.2%1.6%1.3%
Adjusted EPS (₹)2.51.6-1.2-0.9-0.31.00.00.00.20.2
Dividend Payout Ratio (%)20%32%-21%0%0%10%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 157155148138137142141142143144
Share Capital 26262626262626262626
Reserves 131129122112111116115116117118
Minority Interest0000000000
Debt37263336362826232420
Long Term Debt12132924171310117
Short Term Debt2524308121013131313
Trade Payables30803165426
Others Liabilities 19191411131724262012
Total Liabilities 217200203185189189197196191203

Fixed Assets

Gross Block144146149170172178185186186210
Accumulated Depreciation30445056636875828990
Net Fixed Assets1141039911410911011010498120
CWIP 0000000000
Investments 1000000000
Inventories1211113511150
Trade Receivables58626643495354605854
Cash Equivalents 8352222322
Others Assets24212323242329292726
Total Assets 217200203185189189197196191203

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -8154-121219178331
PBT 1613-5-3040012
Adjustment 912111112111111115
Changes in Working Capital -32-74-20-056-4-924
Tax Paid 0-3-50000001
Cash Flow From Investing Activity -10-1-2-11-2-7-70-1-24
Capex -10-2-2-11-2-7-70-1-24
Net Investments 0200000000
Others 0000000000
Cash Flow From Financing Activity 16-20019-10-12-10-7-3-7
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 23-12825-4-7-5-31-4
Interest Paid -5-6-5-5-5-5-4-5-4-3
Dividend Paid -2-2-3-200-1000
Others 0000000000
Net Cash Flow -1-52-3000000
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)11.987.28-5.64-4.85-1.475.670.010.141.111.14
ROCE (%)14.6613.05-0.61.424.066.43.624.724.34.01
Asset Turnover Ratio0.450.40.410.310.330.330.310.40.360.43
PAT to CFO Conversion(x)-0.621.88N/AN/AN/A3.8INFINF331
Working Capital Days
Receivable Days232266284326273298329267312241
Inventory Days31504942241643150
Payable Days0000000000

Raj Television Network Ltd Stock News

Raj Television Network Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Raj TV Network on 18-Mar-2024 16:59 is ₹50.31.
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 18-Mar-2024 16:59 the market cap of Raj TV Network stood at ₹261.2.
The latest P/E ratio of Raj TV Network as of 18-Mar-2024 16:59 is 197.1.
The latest P/B ratio of Raj TV Network as of 18-Mar-2024 16:59 is 2.63.
The 52-week high of Raj TV Network is ₹75.05 and the 52-week low is ₹37.40.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Raj TV Network is ₹128.9 ( Cr.) .

About Raj Television Network Ltd

Raj Television Network Ltd (Rajtv) is one of India’s largest entertainment content company. Starting with the launch of India’s Second Tamil satellite channel, RAJTV, in 1994, the company has evolved into an integrated entertainment content company over the last two and a half decades. The company incorporated in 1994, broadcasts thirteen channels presently in various southern languages.

Raj TV, its flagship television channel launched in 1994 was the first general entertainment channel of the Company. The Company caters to the entire spectrum of customers’ entertainment needs with production of content across different formats and platforms, such as fiction and reality shows for television, movies, music, digital, plays and live events.

Over the years, the company has built strong a content library of 100,000+ hours reaching over a billion viewers globally. The company has a strong content creation capability, over the last two and a half decades, it has built strong in-house content creation expertise and developed an ecosystem that seamlessly delivers engaging content at a competitive cost.

It has long-standing partnership with the artist fraternity and its leadership position makes it their preferred partner. While it works with multiple creative partners, with an in-house TV studio, movie production and Distribution Company and a music label, it is uniquely positioned to offer a range of content for diverse audience.

The company has an advantage of being a mass channel with its extensive line up of attractive programming to cater the entire family. The channels of the network reach a wide variety of audiences as it satisfies people of all ages, The Channel offers a right mix of movies, serials, debates, cultural, educational, cookery, handicrafts and religious programmes satisfying the needs of the entire community ranging from Urban to the rural audience.

The company currently operates 13 television channels in several languages including Tamil, Telugu, Kannada, Malayalam and Hindi. The company earns its revenue from segments i.e. Advertisement; Air Time Charges; Pay Channel Distribution Revenue; Subscription Revenue; Sale of Rights; and Sales export Revenue.

Business area of the company

The company’s content offerings span across the globe. Today, it has a footprint across more than 172 countries with a portfolio of channels catering to the Indian and south Asian diaspora as well as local audiences of the 12 channels in the international markets, 1 Channel is dedicated to non-Indian audience, offering them entertainment content in their native languages. Its network covers USA, EUROPE, MENAP, AFRICA AND APAC regions.

Also, the company undertakes several production projects with the right mix of self-produced and outsourced productions, to mitigate financial risk and obtain large revenues. With self-produced content, the company gets complete right over the content, and can build its own intellectual property base.

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