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Raj Television Network Ltd. Stock Analysis

Small Cap
Evaluated by 198 users | BSE: 532826 | NSE: RAJTV |
TV Broadcasting & Software Production
Raj Television Network (RTNL) incorporated in 1994; is engaged in broadcasting five channels namely Raj TV, Raj Digital Plus, Raj News 24x7, Raj Muzix and Vissa.Raj Television Network is one of the largest Tamil television and broadcasting companies in southern region. The Company caters...

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 -13.18%-9.24%10.11%10.93%9.93%6.54%-1.62%-0.72%1.26%4.96%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 44.944.654.167.579.582.582.561.261.662.2
Y-o-Y Gr. Rt.--0.8%21.4%24.9%17.7%3.8%-0.1%-25.8%0.6%1%
Adjusted EPS (Rs.) -3.04-1.881.771.962.481.56-1.18-0.92-0.31.03
Y-o-Y Gr. Rt.-NANA10.7%26.5%-37.1%-175.6%NANANA
Book Value per Share (Rs.) 18.3716.7618.2419.7421.7921.419.9318.0617.818.84
Adjusted Net Profit -15.8-9.89.210.212.98.1-6.1-4.8-1.55.4
Net Op. Cash Flow (Rs. Cr.) 3.1-4.91120.7-7.815.44.5-11.611.719.1
Debt to Cash Flow from Ops 0.68-1.691.581.01-5.681.927.69-3.513.651.89
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.
Raj 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 3.7%-4.8%-9%1%
Adjusted EPS NA-16.1%NANA
Book Value per Share 0.3-2.9-1.95.8
Share Price 10.5% -6.6% -16.8% -20.6%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) -15.07-10.6410.0910.39.895.19-4.05-3.35-1.123.85
Operating Profit Margin (%) -30.42-11.3426.5426.2929.5129.556.3612.9216.7921.77
Net Profit Margin (%) -35.13-21.9516.9615.0416.179.83-7.45-7.82-2.58.62
Debt to Equity 0.020.090.180.20.390.270.330.430.460.37
Working Capital Days 509444371309365417431505436452
Cash Conversion Cycle 334280223192243307313339285299
Entity Percentage Holding
Promoters 71.42%
Non-Institutions 28.58%
Pledged *7.257.247.237.200.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Raj TV Network's performance infers:

Raj TV Network earnings have declined by -16.1%, whereas share price has depreciated -6.6% 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 Raj TV Network share prices over the last 10 years. Here is what we found out:

Raj TV Network share price has depreciated 8.3% annually over the past ten years.

Raj Television Network (RTNL) incorporated in 1994; is engaged in broadcasting five channels namely Raj TV, Raj Digital Plus, Raj News 24x7, Raj Muzix and Vissa.

Raj Television Network is one of the largest Tamil television and broadcasting companies in southern region. The Company caters primarily to Tamil populations residing in southern region.

The company broadcast programmes that can be viewed by various age group right from young to old people. The company makes efforts to provide

Raj Television Network (RTNL) incorporated in 1994; is engaged in broadcasting five channels namely Raj TV, Raj Digital Plus, Raj News 24x7, Raj Muzix and Vissa.

Raj Television Network is one of the largest Tamil television and broadcasting companies in southern region. The Company caters primarily to Tamil populations residing in southern region.

The company broadcast programmes that can be viewed by various age group right from young to old people. The company makes efforts to provide wide mix of programmes in area of music and dance, entertainment and information, film and fantasy.

In addition the Network has built up a library of some of the best in Tamil and Telegu films from the nostalgic old favourites to the box office hits of today.

The Company has tied up with Japanese Television Channel for telecasting its channels to entertain the Tamil population residing in Japan.

The Company has tied up with BIGFLICKS, an online and offline movie rental service and the home entertainment division of Reliance Anil Dhirubhai Ambani group for streaming its programs and content for the access of audiences on latter's website for viewing on demand .

In addition the Company has also tied up with Bharati Airtel for beaming its channel through IPTV platform.

ChannelsRaj TV- This is flagship channel of the company that is engaged into providing general entertainment. This is also the first channel of the company.

Raj digital Plus- It is an exclusive movie channel.

Vissa- It is a general entertainment and movie channel.

Raj Musix- This is a niche channel targeting predominantly the youth. This channel show programs on lifestyle, celebrity interaction, education, health, glamour, cultural and music programs.

Raj news 24x7- This is 24 hour current affair and news channel. The company exhibit program in area of stock markets, business, current affairs, health, food, education, career, achievers, kids show etc.

OutlookThe company plans to reach Tamil population residing across the globe in countries that includes Middle East, Malaysia, Singapore, UK and US.

RTNL has plans to enter in film production and distribution of movie and for this it has signed agreements with various production companies.

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

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