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Sri Adhikari Brothers Television Network Ltd. Stock Analysis

Small Cap
Evaluated by 190 users | BSE: 530943 | NSE: SABTN |
Film Production, Distribution & Entertainment
Sri Adhikari Brothers Television Network was incorporated in 1994 by brothers Mr. Gautam Adhikari and Mr. Markand Adhikari. It became the first television Production Company in India when it was listed on the BSE in 1995. It has been a pioneer in the field of television programming and...

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 1.12%1.04%2.6%3.25%2.92%3.42%6.43%6.76%-13.39%-19.73%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 28.232.448.560.471.591.212813857.515.2
Y-o-Y Gr. Rt.-15.2%49.4%24.7%18.3%27.6%40%7.9%-58.3%-73.5%
Adjusted EPS (Rs.) -0.560.181.331.651.621.361.891.44-12.42-13.21
Y-o-Y Gr. Rt.-NA638.9%24.1%-1.8%-16.1%39%-23.8%-962.5%NA
Book Value per Share (Rs.) 81.766.264.4964.6966.267.9927.6629.116.541.48
Adjusted Net Profit -0.90.43.34.14.54.76.65-43.4-46.2
Net Op. Cash Flow (Rs. Cr.) 6.19.4-9.922.8-12.5537.951.15.51.9
Debt to Cash Flow from Ops 6.234.44-4.721.35-2.1915.172.223.2727.9188.64
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.
Sri Adhikari Brothers Television Network Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -6.6%-26.6%-50.8%-73.5%
Adjusted EPS NA-252.2%-291.2%NA
Book Value per Share -36-53.2-62.3-91.1
Share Price -36.7% -66.5% -64.9% -27.6%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) -0.770.292.092.562.462.153.925.02-54.42-146.68
Operating Profit Margin (%) 35.283232.0527.9525.4726.9431.9529.78-7.14-55.39
Net Profit Margin (%) -3.211.286.776.86.295.195.173.66-75.49-302.91
Debt to Equity 0.280.280.290.190.150.320.851.642.6831.69
Working Capital Days 327432432394397398237153283548
Cash Conversion Cycle 6941413434664444124209
Entity Percentage Holding
Promoters 22.13%
Institutions 16.44%
Non-Institutions 61.44%
Pledged *85.8685.8684.9284.9284.9284.9284.9284.9284.9284.92
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Sri Adhikari Brothers Television Network Ltd.'s performance infers:

Sri Adhikari Brothers Television Network Ltd. earnings have declined by -252.2%, whereas share price has depreciated -66.5% 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 Sri Adhikari Brothers Television Network Ltd. share prices over the last 10 years. Here is what we found out:

Sri Adhikari Brothers Television Network Ltd. share price has depreciated -28.9% annually over the past ten years.

Sri Adhikari Brothers Television Network was incorporated in 1994 by brothers Mr. Gautam Adhikari and Mr. Markand Adhikari.

It became the first television Production Company in India when it was listed on the BSE in 1995. It has been a pioneer in the field of television programming and programme content.

In April 2000, the company launched SAB TV a Hindi General Entertainment Platform. In 2005, the

Sri Adhikari Brothers Television Network was incorporated in 1994 by brothers Mr. Gautam Adhikari and Mr. Markand Adhikari.

It became the first television Production Company in India when it was listed on the BSE in 1995. It has been a pioneer in the field of television programming and programme content.

In April 2000, the company launched SAB TV a Hindi General Entertainment Platform. In 2005, the company transferred SAB TV brand and related assets to SET satellite (Singapore) Pte Ltd on 15th April,2005 in a deal worth US$ 13 million (United states Dollar Thirteen million only)

Currently, Sri Adhikari Brothers Television Network is concentrating in the area of production of television software (serials) for various popular channels such as Zee TV., EL TV., and Doordarshan.

The company is acknowledged with various awards such as RAPA awards, Indian Tele awards and Hero Honda ITA awards and many more.

The company has created programs namely Office Office, Yes Boss, All the Best, Made in India, Waqt Ki Raftar, Commander are among others. Company owns subsidiary namely Westwind Realtors.

The company exports its software to television channels in UK, USA and Africa.

Outlook

In the next five years it is estimated that there will be a significant rise in online digital streaming, digital movie/TV downloads, video-on-demand, etc. Digitisation will help reduce costs for content and delivery in the long run, and thereby, shift the emphasis to quality. This will lead to an increase in demand for company’s content.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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