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TV18 Broadcast Ltd Stock Analysis

Mid Cap
Evaluated by 2234 users | BSE: 532800 | NSE: TV18BRDCST |
TV Broadcasting & Software Production
TV18 Broadcast Limited formerly IBN18 Broadcast Ltd owns and operates one of India's leading 24-hour English language news and current affairs channel, CNN IBN. The channel was launched in December 2005 and has since its launch become one of India's leading English language news channels....

Analysis of Financial Track Record

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.
TV18 Broadcast Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed -2.45%4.13%3.06%2.6%1.96%3.65%2.94%-1.33%3.84%2.16%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 2536215425166066266679461,0791,150
Y-o-Y Gr. Rt.-145.7%-12.8%-4.7%17.4%3.4%6.5%41.9%14.1%6.5%
Adjusted EPS (Rs.) -1.82-0.210.050.460.350.730.59-0.370.540.19
Y-o-Y Gr. Rt.-NANA820%-23.9%108.6%-19.2%-162.7%NA-64.8%
Book Value per Share (Rs.) 24.918.419.9320.2720.3520.9921.5715.6716.1216.21
Adjusted Net Profit -50.3-8.8879.660.2125101-62.992.832.9
Net Op. Cash Flow (Rs. Cr.) -3324217438.6-27.8221-63.1-21.6-82.5204
Debt to Cash Flow from Ops -8.872.921.374.95-8.331.01-3.75-19.56-10.494.09
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
TV18 Broadcast Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 18.3%13.7%19.9%6.5%
Adjusted EPS NA-11.5%-31.5%-64.8%
Book Value per Share -4.7-4.5-9.10.6
Share Price 6.6% -2.3% -13.5% 67.5%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) -9.26-1.20.382.311.733.522.77-1.973.411.19
Operating Profit Margin (%) -2.739.4319.9122.626.419.6418.293.367.858.6
Net Profit Margin (%) -19.92-1.421.4715.429.9419.915.13-6.658.62.86
Debt to Equity 0.430.920.070.060.070.060.060.160.310.3
Working Capital Days 282212966991312389367259335402
Cash Conversion Cycle 5644372317-6-131726
Entity Percentage Holding
Promoters 60.40%
Institutions 12.71%
Non-Institutions 26.88%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of TV18 Broadcast Ltd and arrived at the following conclusion:

Past 10 year's financial track record indicates that TV18 Broadcast Ltd is a below average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of TV18 Broadcast Ltd's performance infers:

TV18 Broadcast Ltd earnings have declined by -11.5%, whereas share price has depreciated -2.3% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of TV18 Broadcast Ltd share prices over the last 10 years. Here is what we found out:

TV18 Broadcast Ltd share price has depreciated -7.4% annually over the past ten years.

TV18 Broadcast Limited formerly IBN18 Broadcast Ltd owns and operates one of India's leading 24-hour English language news and current affairs channel, CNN IBN. The channel was launched in December 2005 and has since its launch become one of India's leading English language news channels. IBN18 Broadcast Ltd. also manages the operations of IBN7, a Hindi language news and current affairs channel. And it has recently launched its first Regional channel, IBN Lokmat in

TV18 Broadcast Limited formerly IBN18 Broadcast Ltd owns and operates one of India's leading 24-hour English language news and current affairs channel, CNN IBN. The channel was launched in December 2005 and has since its launch become one of India's leading English language news channels. IBN18 Broadcast Ltd. also manages the operations of IBN7, a Hindi language news and current affairs channel. And it has recently launched its first Regional channel, IBN Lokmat in Maharashtra.

TV18 Broadcast Limited. is focused on producing high quality news programming and to capture news and events around the world. CNN IBN ,IBN7 and IBN Lokmat are journalist-led channels, which have achieved recognition in the very first year of their existence.

IBN18 has joint ventures with Viacom to form Viacom18 that operates MTV and VH1 and Nickelodeon channels in India. This JV also launched the general entertainment channel “COLORS”. Viacom18 also owns Studio18, engaged in filmed entertainment operations.

Reliance Industries and Network 18 group joined hands for a multi-layered deal worth about Rs 4,000 crore, under which the Mukesh Ambani-led corporate giant would sell a part of its interest in Eenadu TV channels and would also fund rights issues of Network 18 firms. As part of the deal, Network 18 and TV18 Broadcast would together raise a net amount of Rs 4,000 crore through rights issues (wherein shares are issued to existing shareholders), including about Rs 1,700 crore contribution of promoters.

Business area

News Broadcasting- Under this company owns and operates three news channels and current affairs CNN-IBN (English), IBN 7 (Hindi) and IBN Lokmat (Marathi). IBN18 also operates news portals such as ibnlive.com (English), IBNKhabar.com (Hindi) and ibnlokmat.tv (Marathi).

Entertainment- Viacom18 owns and operates MTV, VH1, Nickelodeon and COLORS. These channels has launched some hit shows like Roadies “Hell Down Under”, Saturday Night Live, Big Brother, Balika Vadhu, Bigg Boss, Chibi Maruko Chan and many more.

Studio18 has forayed into films by focusing on various aspects such as distribution, production and acquisition. It has distribution films like Golmaal Returns, Singh is Kinng, Ghajini are among others. It has various films under production such as Fruit & Nut, Loot, Production No.3, Road Movie, Hey Gujju and Kaun Bola. It has home video contract for blockbuster Jab We Met was extended with Moser Baer.

 

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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