BSE: 532324 | NSE: CINEVISTA | Film Production, Distribution & Entertainment | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Cinevista Ltd is a below average quality company.
The key valuation ratios of Cinevista Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Cinevista Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 3.2% | 4.2% | 4.3% | 2.6% | 6.2% | 2.3% | -6.6% | -10.2% | -45.6% | -7.4% | - |
| Value Creation Index ⓘ | -0.8 | -0.7 | -0.7 | -0.8 | -0.6 | -0.8 | -1.5 | -1.7 | -4.3 | NA | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 57.8 | 38.8 | 22.1 | 21.2 | 40.6 | 22.6 | 0.8 | 1 | 0.8 | 0.4 | 0 |
| Sales YoY Gr. | - | -32.8% | -43.2% | -3.8% | 91.3% | -44.4% | -96.3% | 21.4% | -21.6% | -45% | - |
| Adj EPS ⓘ | -0.2 | -0.6 | -0 | -2.1 | -0.2 | -0.5 | -0.9 | -2 | -4.8 | -1.3 | -1.1 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 11.6 | 11.6 | 11.6 | 11.3 | 10.8 | 10.3 | 8.6 | 4.9 | 0.1 | -1.2 | -1.5 |
| Adj Net Profit ⓘ | -1.3 | -3.3 | -0.1 | -12.2 | -0.9 | -3.1 | -4.9 | -11.6 | -27.7 | -7.5 | -6 |
| Cash Flow from Ops. ⓘ | 7.6 | -8.1 | -7.5 | 10.5 | 1.9 | -1.1 | 4.2 | -4.8 | -3.3 | -12.6 | - |
| Debt/CF from Ops. ⓘ | 3 | -3.4 | -5.3 | 0 | 0 | 0 | 12.4 | -13.3 | -23.9 | -1.9 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -41.8% | -59.5% | -19.4% | -45% | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | -178% | -164.9% | -152.5% | -1871.4% | ||||
| Share Price | 14.3% | 13.4% | -4.6% | -10% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -0.8 | -2 | -0 | -7.7 | -0.6 | -2 | -3.3 | -8.8 | -25.6 | -8.3 | 79.3 |
| Op. Profit Mgn % ⓘ | 8.1 | 2.1 | -6.5 | -52.1 | 11.8 | 9.9 | -265 | -298.6 | -4943 | -881.3 | -386.5 |
| Net Profit Mgn % ⓘ | -2.2 | -8.4 | -0.2 | -57.5 | -2.2 | -13.7 | -586.9 | -1140.6 | -3462.2 | -1702.2 | -1361.3 |
| Debt to Equity ⓘ | 0.3 | 0.4 | 0.6 | 0 | 0 | 0 | 1.1 | 2.2 | 194 | -3.4 | - |
| Working Cap Days ⓘ | 327 | 503 | 982 | 1,109 | 631 | 1,213 | 34,967 | 25,222 | 17,713 | 18,439 | 67,342 |
| Cash Conv. Cycle ⓘ | 198 | 312 | 738 | 797 | 344 | 619 | 26,019 | 21,011 | 15,449 | 13,452 | -1,90,124 |
Return on Equity has increased versus last 3 years average to 79.30%
Sales growth has been subdued in last 3 years -19.39%
Sales growth is not so good in last 4 quarters at -25.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -1.1 | -1.1 |
| TTM Sales (₹ Cr.) | 0.5 | 0.5 |
| BVPS (₹.) ⓘ | -1.5 | -2.4 |
| Reserves (₹ Cr.) ⓘ | -20 | -25 |
| P/BV ⓘ | -11.25 | -7.18 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 15.90 / 25.00 |
| All Time Low / High (₹) | 2.36 / 85.40 |
| Market Cap (₹ Cr.) | 97.5 |
| Equity (₹ Cr.) | 11.5 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 42.6 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 58 | 39 | 22 | 21 | 41 | 23 | 1 | 1 | 1 | 0 |
| Operating Expenses ⓘ | 53 | 38 | 24 | 32 | 36 | 20 | 3 | 4 | 40 | 4 |
| Manufacturing Costs | 42 | 30 | 16 | 21 | 27 | 14 | 0 | 1 | 2 | 1 |
| Material Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28 | 0 |
| Employee Cost | 2 | 2 | 2 | 1 | 1 | 1 | 0 | 0 | 1 | 2 |
| Other Costs ⓘ | 9 | 7 | 6 | 11 | 8 | 6 | 2 | 3 | 10 | 1 |
| Operating Profit ⓘ | 5 | 1 | -1 | -11 | 5 | 2 | -2 | -3 | -40 | -4 |
| Operating Profit Margin (%) | 8.1% | 2.0% | -6.6% | -52.7% | 11.7% | 9.9% | -264.0% | -298.0% | -4,943.0% | -881.0% |
| Other Income ⓘ | 0 | 5 | 7 | 15 | 0 | 0 | 4 | 0 | 1 | 0 |
| Interest ⓘ | 4 | 4 | 4 | 4 | 5 | 4 | 4 | 5 | 7 | 3 |
| Depreciation ⓘ | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | -7 | -7 | 0 | 0 |
| Profit Before Tax ⓘ | -1 | 0 | 0 | -2 | -1 | -3 | -10 | -15 | -46 | -7 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | -18 | 1 |
| Profit After Tax | -1 | 0 | 0 | -2 | -1 | -3 | -10 | -16 | -28 | -7 |
| PAT Margin (%) | -2.2% | 0.1% | -0.1% | -10.4% | -2.2% | -13.6% | -1,138.6% | -1,616.5% | -3,497.8% | -1,702.1% |
| Adjusted EPS (₹) | -0.2 | 0.0 | 0.0 | -0.4 | -0.2 | -0.5 | -1.7 | -2.9 | -4.9 | -1.3 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 163 | 161 | 161 | 158 | 156 | 153 | 143 | 122 | 94 | 87 |
| Share Capital ⓘ | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves ⓘ | 151 | 149 | 149 | 147 | 144 | 141 | 132 | 111 | 83 | 75 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 22 | 28 | 40 | 0 | 0 | 0 | 52 | 63 | 78 | 24 |
| Long Term Debt | 21 | 20 | 35 | 0 | 0 | 0 | 52 | 63 | 78 | 24 |
| Short Term Debt | 2 | 8 | 5 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Trade Payables | 13 | 10 | 5 | 6 | 12 | 12 | 9 | 4 | 6 | 1 |
| Others Liabilities ⓘ | 0 | -1 | -2 | 40 | 43 | 46 | -2 | -1 | -20 | 51 |
| Total Liabilities ⓘ | 197 | 198 | 204 | 204 | 210 | 210 | 203 | 188 | 159 | 164 |
Fixed Assets | ||||||||||
| Gross Block | 170 | 167 | 167 | 161 | 162 | 162 | 140 | 147 | 147 | 148 |
| Accumulated Depreciation | 26 | 28 | 28 | 26 | 27 | 27 | 27 | 22 | 22 | 22 |
| Net Fixed Assetsⓘ | 143 | 140 | 138 | 135 | 135 | 134 | 113 | 126 | 125 | 126 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 6 | 7 | 12 |
| Investmentsⓘ | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 |
| Inventories | 29 | 33 | 37 | 36 | 44 | 43 | 64 | 44 | 17 | 17 |
| Trade Receivables | 14 | 17 | 19 | 10 | 11 | 9 | 9 | 7 | 0 | 0 |
| Cash Equivalents | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 1 | 4 | 2 |
| Others Assetsⓘ | 8 | 6 | 6 | 20 | 19 | 23 | 11 | 5 | 5 | 6 |
| Total Assets ⓘ | 197 | 198 | 204 | 204 | 210 | 210 | 203 | 188 | 159 | 164 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 8 | -8 | -7 | 10 | 2 | -1 | 4 | -5 | -3 | -13 |
| PBT ⓘ | -1 | 0 | 0 | -2 | -1 | -3 | -10 | -15 | -46 | -7 |
| Adjustment ⓘ | 6 | -1 | -1 | 4 | 6 | 5 | 5 | 13 | 8 | 0 |
| Changes in Working Capital ⓘ | 3 | -7 | -6 | 9 | -3 | -3 | 8 | -3 | 35 | -6 |
| Tax Paid ⓘ | 0 | -1 | 0 | 0 | 0 | -1 | 1 | 1 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -2 | 7 | 0 | -2 | -3 | 0 | 0 | -2 | 0 | -6 |
| Capex | -2 | 2 | 0 | -2 | -1 | 0 | 0 | -2 | 0 | 0 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 5 | 0 | 0 | -2 | 0 | 0 | 0 | 0 | -6 |
| Cash Flow From Financing Activityⓘ | -6 | 2 | 8 | -7 | 0 | 1 | -4 | 7 | 7 | 16 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | -1 | 14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -4 | -4 | -4 | -4 | -5 | -4 | -4 | -5 | -7 | -3 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -2 | 6 | -3 | -3 | 4 | 5 | 0 | 11 | 15 | 19 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 2 | -1 | 0 | 0 | 0 | 4 | -3 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -1.91 | 0.07 | -0.02 | -3.37 | -1.43 | -5.08 | -17.63 | -42.46 | -194.4 | 0 |
| ROCE (%) | 3.21 | 4.2 | 4.25 | 2.56 | 6.2 | 2.29 | -6.62 | -10.21 | -45.58 | -7.42 |
| Asset Turnover Ratio | 0.29 | 0.2 | 0.11 | 0.1 | 0.2 | 0.11 | 0 | 0.01 | 0 | 0 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | Working Capital Days |
| Receivable Days | 96 | 143 | 299 | 251 | 92 | 164 | 4,107 | 2,927 | 0 | 3 |
| Inventory Days | 185 | 291 | 579 | 634 | 363 | 708 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 67 | 0 |
Cinevista Limited (Previously known as Cinevistaas Limited) is a pioneer in the field of entertainment in India. The company established on August 25, 1982 with interests within a wide spectrum in media and the entertainment industry.
From its humble beginnings in producing advertising commercials for leading brands, today Cinevista has grown to a leader in a range of media based businesses. As a content provider it creates television software, films and ad films. As a distributor it operates in the area of feature films. Besides the production of original content for various mediums the company owns and has interests in Post Production services, High -End equipment rentals, sound studios, and it’s very own shooting floors.
The company can easily boast of having one of the best infrastructures in the Indian entertainment industry. It virtually owns most of the backend capabilities to service a range of clients both domestic as well as international. Cinevista Ltd. has over 3000 hours of television software created and owned by it. Currently it has 10 hours of programming per week on air across channels like Sony TV, Sahara One, Zee Tv and MTV.
Cinevista is a fertile ground for creative talent and likes to nurture and encourage young and dynamic individuals who have the drive, determination and will to succeed in this medium of entertainment.
The company owns a sprawling, multi-functional 30-floor studio shooting complex in Mumbai. Its studio complex is fully equipped to handle any type of shooting requirement and is fast becoming a rage with the film industry. The studio services some of the best known names in Hindi Film Industry.
To complete the 360-degree work environment the company also owns a single window postproduction facility. The facility has both multiple high-end non-linear edit machines and linear editing suites. Each edit studio has dedicated editor teams facilitating faster turnaround times for its clients.
The company also has a state of the art high-end computer graphics facility that is capable of fulfilling all graphics related needs. Further, the company’s sound and dubbing studios ensure that it can deliver a complete turnkey solution for any client. All these facilities are headed and operated by teams that are used to delivering the best quality output under tight deadlines.
Business area of the company
The company has established itself as a leader in television content in India particularly for Hindi language content and has also successfully ventured in the regional television content market, ad commercials. The company is also in the business of production of feature films.
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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