Raj Television Network Ltd - Stock Valuation and Financial Performance

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

Raj TV Network Share Price

46.87 2.23 5.00%
as on 05-Nov'24 00:00

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

Semi Strong

Raj Television Network stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
243.3 Cr.
52-wk low:
42.1
52-wk high:
140

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 Semi Strong which suggest that the price of Raj Television Network Ltd is likely to Rise-somewhat 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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 13.1%-0.6%1.4%4.1%6.4%3.6%4.7%4.3%4%3%-
Value Creation
Index
-0.1-1.0-0.9-0.7-0.5-0.7-0.7-0.7-0.7NA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 82.582.561.261.662.259.278.369.384.8106105
Sales YoY Gr.--0.1%-25.8%0.6%1%-4.9%32.4%-11.6%22.4%25.6%-
Adj EPS 1.6-1.2-0.9-0.31000.20.20.1-3.1
YoY Gr.--175.6%NANANA-100%NA533.3%10.5%-33.3%-
BVPS (₹) 21.419.918.117.818.818.718.81919.219.316.1
Adj Net
Profit
8.1-6.1-4.8-1.55.400.111.10.7-16
Cash Flow from Ops. 15.44.5-11.611.719.117.27.53.330.83.8-
Debt/CF from Ops. 1.97.7-3.53.71.92.14.69.30.86-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 2.9%11.4%10.8%25.6%
Adj EPS -23.5%-32.9%67.1%-33.3%
BVPS-1.1%0.5%1%0.8%
Share Price -9.3% 1.6% 9.7% -12.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
5.2-4.1-3.4-1.13.9-00.10.70.80.5-17.7
Op. Profit
Mgn %
29.66.412.916.821.819.316.417.57.14.6-14.2
Net Profit
Mgn %
9.8-7.5-7.8-2.58.6-00.21.41.30.7-15.6
Debt to
Equity
0.30.30.40.50.40.40.40.30.30.2-
Working Cap
Days
41743150543645249440447536824787
Cash Conv.
Cycle
3073133392852993072402991739432

Recent Performance Summary

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

Sales growth is good in last 4 quarters at 33.26%

Return on Equity is Poor

Latest Financials - Raj Television Network Ltd.

Standalone Consolidated
TTM EPS (₹) -3.1 -
TTM Sales (₹ Cr.) 105 -
BVPS (₹.) 16.1 -
Reserves (₹ Cr.) 58 -
P/BV 2.92 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 42.11 / 139.99
All Time Low / High (₹) 7.40 / 165.05
Market Cap (₹ Cr.) 243
Equity (₹ Cr.) 26
Face Value (₹) 5
Industry PE 19.8

Management X-Ray of Raj TV Network:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.540.540.540.540.540.000.000.000.000.00
* 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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales838261626259786985106
Operating Expenses 587753514948655779102
Manufacturing Costs25442220211742365180
Material Costs0000000000
Employee Cost 18181818161411111212
Other Costs 1515131412171310169
Operating Profit 2458101411131265
Operating Profit Margin (%) 29.6%6.4%12.6%16.8%21.8%19.2%16.4%17.5%7.1%4.6%
Other Income 1012100010
Interest 6555546433
Depreciation 6777677722
Exceptional Items 0000000000
Profit Before Tax 13-5-30400121
Tax 5121-200010
Profit After Tax 8-6-5-1500111
PAT Margin (%) 9.9%-7.3%-7.8%-2.2%8.7%0.0%0.2%1.6%1.3%0.8%
Adjusted EPS (₹)1.6-1.2-0.9-0.31.00.00.00.20.20.2
Dividend Payout Ratio (%)32%-21%0%0%10%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 155148138137142141142143144145
Share Capital 26262626262626262626
Reserves 129122112111116115116117118119
Minority Interest0000000000
Debt26333636282623242019
Long Term Debt1329241713101176
Short Term Debt2430812101313131313
Trade Payables08031654266
Others Liabilities 19141113172426201215
Total Liabilities 200203185189189197196191203185

Fixed Assets

Gross Block146149170172178185186186210210
Accumulated Depreciation44505663687582899092
Net Fixed Assets1039911410911011010498120118
CWIP 0000000000
Investments 0000000000
Inventories1111351115010
Trade Receivables62664349535460585426
Cash Equivalents 3522223223
Others Assets21232324232929272628
Total Assets 200203185189189197196191203185

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 154-1212191783314
PBT 13-5-30400121
Adjustment 121111121111111154
Changes in Working Capital -74-20-056-4-9241
Tax Paid -3-50000001-2
Cash Flow From Investing Activity -1-2-11-2-7-70-1-240
Capex -2-2-11-2-7-70-1-240
Net Investments 2000000000
Others 0000000000
Cash Flow From Financing Activity -20019-10-12-10-7-3-7-4
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -12825-4-7-5-31-4-1
Interest Paid -6-5-5-5-5-4-5-4-3-3
Dividend Paid -2-3-200-10000
Others 0000000000
Net Cash Flow -52-30000000
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)7.28-5.64-4.85-1.475.670.010.141.111.140.81
ROCE (%)13.05-0.61.424.066.43.624.724.34.013.01
Asset Turnover Ratio0.40.410.310.330.330.310.40.360.430.55
PAT to CFO Conversion(x)1.88N/AN/AN/A3.8N/AN/A3314
Working Capital Days
Receivable Days266284326273298329267312241136
Inventory Days50494224164315034
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 05-Nov-2024 00:00 is ₹46.87.
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 05-Nov-2024 00:00 the market cap of Raj TV Network stood at ₹243.3.
The latest P/E ratio of Raj TV Network as of 05-Nov-2024 00:00 is 0.00.
The latest P/B ratio of Raj TV Network as of 05-Nov-2024 00:00 is 2.92.
The 52-week high of Raj TV Network is ₹140.0 and the 52-week low is ₹42.11.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Raj TV Network is ₹104.6 ( 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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