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Siti Networks Ltd Stock Analysis

Small Cap
Evaluated by 467 users | BSE: 532795 | NSE: SITINET |
TV Broadcasting & Software Production
SITI Cable Network earlier known as Wire & Wireless (India) (WWIL), was incorporated in 2006, is engaged in the business of distribution of television channels through analogue and digital cable distribution network, primary Internet and allied services. The company is part of Essel Group...

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.
Siti Networks 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 -5.34%-7.28%-0.25%-1.14%-2.31%2.86%-5.15%-6.54%-9.48%-7.18%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 218246416505599856774838821819
Y-o-Y Gr. Rt.-12.9%69.3%21.4%18.7%42.8%-9.6%8.3%-2%-0.3%
Adjusted EPS (Rs.) -1.26-1.45-1.37-1.82-1.72-0.65-1.96-2.27-2.76-1.92
Y-o-Y Gr. Rt.-NANANANANANANANANA
Book Value per Share (Rs.) 0.04-1.84-3.21-2.162.526.95.963.610.21-1.97
Adjusted Net Profit -57.1-65.7-61.8-95-117-51.7-171-198-241-167
Net Op. Cash Flow (Rs. Cr.) 19.5-3.841.8-271171183-109178395255
Debt to Cash Flow from Ops 17.86-118.2921.53-4.617.885.71-11.147.153.044.03
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.
Siti Networks Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 15.9%6.5%1.9%-0.3%
Adjusted EPS NANANANA
Book Value per Share -254.2-195.2-169.1-1,038.1
Share Price -24.9% -53.5% -63.7% -9.5%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 67.7180.9291.23-856.4-90.91-14.21-31.72-46.89-141.07229.36
Operating Profit Margin (%) 3.580.8612.213.7210.6218.679.6912.4919.8920.65
Net Profit Margin (%) -26.23-26.74-14.87-18.81-19.49-6.04-22.06-23.65-29.34-20.4
Debt to Equity 193.34-5.32-6.21-11.097.881.912.354.0366.7-5.96
Working Capital Days 458416394494449294371380326240
Cash Conversion Cycle 52-5-85576337980-7-111
Entity Percentage Holding
Promoters 7.31%
Institutions 16.45%
Non-Institutions 76.24%
Pledged *73.5782.4890.7190.7190.7190.7190.7188.8483.7416.53
* Pledged shares as % of Promoter's holding (%)

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

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

The 5-year analysis of Siti Networks Ltd's performance infers:

Siti Networks Ltd earnings have grown by 0%, whereas share price has depreciated -53.5% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

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

Siti Networks Ltd share price has depreciated -22.7% annually over the past ten years.

SITI Cable Network earlier known as Wire & Wireless (India) (WWIL), was incorporated in 2006, is engaged in the business of distribution of television channels through analogue and digital cable distribution network, primary Internet and allied services. The company is part of Essel Group headed by Subhash Chandra. WWIL has emerged as Read More
SITI Cable Network earlier known as Wire & Wireless (India) (WWIL), was incorporated in 2006, is engaged in the business of distribution of television channels through analogue and digital cable distribution network, primary Internet and allied services. The company is part of Essel Group headed by Subhash Chandra. WWIL has emerged as India’s leading cable television distribution company.Wire and Wireless (India) was first company in Asia to launch advanced satellite distribution platform Headend-in-the-Sky (HITS) Technology.in 2012 WWIL was renamed as SITI Cable Network Limited.

Wire and Wireless (India) was formed as a part of the de-merger of Zee Entertainment Enterprises (ZEEL, earlier known as Zee Telefilms) where the all the cable TV distribution business between ZEEL and Siticable Networks was transferred to WWIL. Previously, Siticable was a wholly-owned subsidiary of Zee Telefilms.

Right from it inception, the company is engaged in business of providing content through analog cable system from the broadcaster to the Local Cable Operators (LCOs). The company installed CAS (Conditional Access System) networks in Delhi, Kolkata and Mumbai. WWIL also offers content through digital cable system, internet and allied services.

SITI Cable Network Limited is one of India's leading Multi System Operator (MSO). With 56 analog and 14 digital head ends and a network of more than 12000 Kms of optical fibre and coaxial cable, it provides its cable services in India's 60 key cities and the adjoining areas, reaching out to over 10 million viewers.  The company offers services such as Digital Cable Television, Analog Cable, HITS Satellite Television, Broadband and Local Television Channels. It also provides value-added features like Video on Demand, Pay per View, Electronic programming Guide (EPG), gaming through a Set Top Box (STB). it provides all these services under the brand name SITI.

Essel Group (Parent Company)

Essel Group was established in 1976 with commencement of Rama Associates -- a commodity trading and export firm. Today the company has presence in various industries such as media, packaging, entertainment, technology-enabled services, infrastructure development and education. The company has employee strength of 8,000 people. Besides Wire & Wireless (India), the group has business interest in Intrex India, Essel Propack, ETC Networks, DNA, Zee News, Dish TV, Procall, Cornershop, Pan India Network Infravest, Zee Entertainment Enterprise, Digital Media Convergence, E-City Property Management, Suncity Projects, Essel Sports, Zee Interactive Learning Systems and Asian Sky Shop.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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