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Cinevista Ltd. Stock Analysis

Small Cap
Evaluated by 162 users | BSE: 532324 | NSE: CINEVISTA |
Film Production, Distribution & Entertainment
Cinevistaas is one of India’s leading content providers for television software, films, ad films and distributor of feature films.Cinevista Communications (CCL), as it was previously known, was incorporated in 1993 as a partnership firm by Prem Krishen Malhotra and Sunil Mehta. It was...

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.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 1.17%-0.68%1.24%1.35%1.4%0.84%-0.31%1.5%-5.09%1.58%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 47.434.93654.950.557.838.822.121.240.6
Y-o-Y Gr. Rt.--26.2%3.1%52.3%-8%14.5%-32.8%-43.2%-3.8%91.3%
Adjusted EPS (Rs.) 0.06-0.520.010.020.03-0.22-0.57-0.01-2.12-0.16
Y-o-Y Gr. Rt.--966.7%NA100%50%-833.3%NANANANA
Book Value per Share (Rs.) 12.3311.8111.8111.8311.8511.6311.6411.6311.2510.8
Adjusted Net Profit 0.3-30.10.10.2-1.3-3.3-0.1-12.2-0.9
Net Op. Cash Flow (Rs. Cr.) 7.210.64.42.82.97.6-8.1-7.510.52
Debt to Cash Flow from Ops 2.471.764.178.158.522.96-3.41-5.3100
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.
Cinevista Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -1.7%-4.3%1.5%91.3%
Adjusted EPS -211.5%-239.8%NANA
Book Value per Share -1.5-1.8-2.5-4
Share Price 10.6% 8.5% -23.7% -20.7%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 0.2-1.820.040.070.1-0.79-2.01-0.03-7.65-0.57
Operating Profit Margin (%) 9.873.3613.519.7111.168.112.05-6.52-52.111.75
Net Profit Margin (%) 0.7-8.590.190.220.31-2.23-8.36-0.24-57.51-2.21
Debt to Equity 0.250.270.270.330.360.340.420.5900
Working Capital Days 4284704082903583275039821,109631
Cash Conversion Cycle 280307264188229198312738797344
Entity Percentage Holding
Promoters 67.61%
Institutions 0.81%
Non-Institutions 31.59%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Cinevista Ltd.'s performance infers:

Cinevista Ltd. earnings have declined by -239.8%, whereas share price has appreciated 8.5% 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 Cinevista Ltd. share prices over the last 10 years. Here is what we found out:

Cinevista Ltd. share price has appreciated 3.4% annually over the past ten years.

Cinevistaas is one of India’s leading content providers for television software, films, ad films and distributor of feature films.

Cinevista Communications (CCL), as it was previously known, was incorporated in 1993 as a partnership firm by Prem Krishen Malhotra and Sunil Mehta. It was converted into a private limited company in May 1997.

The name was changed to ‘Cinevistaas’ when it got converted to a public listed company on December 1, 1999. It has incorporated two

Cinevistaas is one of India’s leading content providers for television software, films, ad films and distributor of feature films.

Cinevista Communications (CCL), as it was previously known, was incorporated in 1993 as a partnership firm by Prem Krishen Malhotra and Sunil Mehta. It was converted into a private limited company in May 1997.

The name was changed to ‘Cinevistaas’ when it got converted to a public listed company on December 1, 1999. It has incorporated two subsidiaries -- Cinevista Global, which produces programs for television and Cinevista News International for producing current affairs and news related programs, both of which have not yet started their activities.

The media and entertainment player’s interests lies in the production of original content for various mediums. It owns and in post production services, high-end equipment rentals, sound studios and its own shooting floors. Besides domestic clients, the company also offers these services to international clients.

It currently airs 10 hours of programming per week across major channels like Sony TV, Sahara One, Zee TV and MTV. It has a library of over 3,000 hours of television software.

Studio

It owns a multi-functional, 30-floor studio shooting complex in Mumbai, which is one of the best known names in the Hindi film industry. The studio is fully equipped to meet any type of shooting requirements.

Besides this, it also has a single-window post-production facility with multiple high-end non-linear edit machines and linear editing suites, a high end computer graphics facility and sound and dubbing studios.

All these facilities are headed by a team of well qualified professionals who are used to delivering the best quality output under tight deadlines.

Business Areas

Television: This 25-year old company is one of the most successful TV content producers, its content ranging from action to adventure, kids programs to drama and soap to reality television shows. They were also the pioneers in providing television content to India’s national channel Doordarshan.

Its TV shows include Paalkhi, Crime Patrol, Pyaar Vyaar and all that, Kohinoo, Jersey No.10, Yahaan Ke Hum Sikander, Jaane kya baat hui, Dill mill gayye, Vivaah and Lo Ho Gayi Pooja Iss Ghar Ki.

It has also produced some of the most successful shows -- Aati Rahengi Baharein, Door Door Doorbeen, Krishna - Arjun, Saakshi, Saathiya, Ssshhhh...Koi Hai..,Veer, Sanjivaniand and Jai Mata Ki.

Motion Pictures: Cinevistaas forayed into movie production and distribution in 2001-02 with films like Garv, Shhhh Koi Hai and Yeh Mohabbatein. All these were distributed by the company across all locations in India.

Ad Commercials: Cinevistaas began its journey by producing advertising commercials for leading brands, which are fondly remembered to this day. Now, with over two decades of experience in this field, the company produces ad commercials for a various clients and advertisers from both domestic and international arena.

Some of its most impressive ad’s were for Kajaria Tiles, Panasonic A100, LifeStyle, India Bulls, Coca Cola, Boll Gard, Sprite, Adore, Alsafi, Mayfair and Haleeb.

Future Strategy

Cinevistaas is currently developing an IT park spread across four acres of land in Kanjurmarg suburb of Mumbai with the aim of tapping opportunities in media and entertainment industry in the coming years.

The Kanjurmarg property currently houses 28 sets that will not be changed because of the upcoming IT park. On completion of the project, 20% of the land available will be allotted to the hospitality sector on rental basis.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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