BSE: 532700 | NSE: ENIL | TV Broadcasting & Software Production | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Entertainment Network (India) Ltd is a average quality company.
The key valuation ratios of Entertainment Network (India) Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Entertainment Network (India) 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 % ⓘ | 23.1% | 18.1% | 9% | 6.7% | 9.1% | 4% | -15.7% | -2.6% | -23.9% | 7.2% | - |
| Value Creation Index ⓘ | 0.7 | 0.3 | -0.4 | -0.5 | -0.4 | -0.7 | -2.1 | -1.2 | -2.7 | -0.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 438 | 509 | 556 | 537 | 620 | 541 | 267 | 305 | 487 | 520 | 514 |
| Sales YoY Gr. | - | 16% | 9.3% | -3.4% | 15.5% | -12.9% | -50.6% | 14.5% | 59.4% | 6.7% | - |
| Adj EPS ⓘ | 18.9 | 18.5 | 8.6 | 5.6 | 9.5 | 1.5 | -23.3 | -6 | -34.5 | 5.5 | 4.7 |
| YoY Gr. | - | -2.1% | -53.3% | -35.1% | 69.2% | -84.7% | -1709.7% | NA | NA | NA | - |
| BVPS (₹) ⓘ | 141.5 | 169.2 | 179.3 | 185.5 | 195.6 | 192.6 | 168.7 | 161.9 | 124.5 | 161.3 | 157.8 |
| Adj Net Profit ⓘ | 90.1 | 88.2 | 41.2 | 26.7 | 45.3 | 6.9 | -111 | -28.4 | -165 | 26.1 | 22 |
| Cash Flow from Ops. ⓘ | 94.8 | 109 | 104 | 98 | 120 | 118 | 30.1 | 39.3 | 110 | 144 | - |
| Debt/CF from Ops. ⓘ | 0 | 2.3 | 1.2 | 1.1 | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 1.9% | -3.5% | 24.9% | 6.7% | ||||
| Adj EPS ⓘ | -12.9% | -10.4% | NA | NA | ||||
| BVPSⓘ | 1.5% | -3.8% | -1.5% | 29.5% | ||||
| Share Price | -10.1% | -5.1% | -3.7% | -7.8% | ||||
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 % ⓘ | 14.4 | 11.9 | 5 | 3.1 | 5 | 0.8 | -12.9 | -3.6 | -24.1 | 3.8 | 2.9 |
| Op. Profit Mgn % ⓘ | 31.9 | 30.2 | 22.4 | 21.4 | 22.5 | 22.9 | 6.1 | 12.9 | -18.5 | 18.9 | 16.6 |
| Net Profit Mgn % ⓘ | 20.5 | 17.3 | 7.4 | 5 | 7.3 | 1.3 | -41.7 | -9.3 | -33.8 | 5 | 4.3 |
| Debt to Equity ⓘ | 0 | 0.3 | 0.1 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 202 | 226 | 245 | 215 | 167 | 215 | 389 | 301 | 214 | 239 | 207 |
| Cash Conv. Cycle ⓘ | 8 | 9 | 13 | 16 | 14 | 21 | 75 | 58 | -24 | -114 | 105 |
Return on Equity has increased versus last 3 years average to 2.90%
Sales growth is growing at healthy rate in last 3 years 24.89%
Sales growth is good in last 4 quarters at 14.51%
Net Profit has been subdued in last 3 years 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 4.7 | 4.8 |
| TTM Sales (₹ Cr.) | 514 | 528 |
| BVPS (₹.) ⓘ | 157.8 | 158.4 |
| Reserves (₹ Cr.) ⓘ | 705 | 707 |
| P/BV ⓘ | 1.17 | 1.16 |
| PE ⓘ | 39.40 | 38.37 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 174.95 / 357.40 |
| All Time Low / High (₹) | 93.00 / 1008.00 |
| Market Cap (₹ Cr.) | 879 |
| Equity (₹ Cr.) | 47.7 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 17.5 |
| 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 | 438 | 509 | 556 | 537 | 620 | 541 | 267 | 305 | 487 | 520 |
| Operating Expenses ⓘ | 299 | 355 | 431 | 422 | 481 | 417 | 251 | 266 | 577 | 423 |
| Manufacturing Costs | 58 | 68 | 86 | 206 | 252 | 212 | 120 | 115 | 271 | 179 |
| Material Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Employee Cost | 83 | 94 | 105 | 119 | 126 | 135 | 92 | 107 | 183 | 148 |
| Other Costs ⓘ | 158 | 193 | 240 | 98 | 103 | 70 | 38 | 44 | 124 | 96 |
| Operating Profit ⓘ | 140 | 154 | 125 | 115 | 140 | 124 | 16 | 39 | -90 | 97 |
| Operating Profit Margin (%) | 31.9% | 30.2% | 22.4% | 21.3% | 22.5% | 22.8% | 6.1% | 12.9% | -18.5% | 18.7% |
| Other Income ⓘ | 38 | 39 | 21 | 11 | 15 | 13 | 18 | 19 | 23 | 27 |
| Interest ⓘ | 0 | 0 | 14 | 5 | 4 | 18 | 18 | 16 | 15 | 15 |
| Depreciation ⓘ | 33 | 36 | 54 | 63 | 67 | 99 | 95 | 79 | 78 | 76 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 4 | 0 | 0 | -74 | 0 | -18 | 1 |
| Profit Before Tax ⓘ | 145 | 157 | 78 | 61 | 84 | 19 | -153 | -36 | -178 | 35 |
| Tax ⓘ | 39 | 49 | 24 | 26 | 30 | 4 | -44 | -9 | -5 | 6 |
| Profit After Tax | 106 | 108 | 54 | 35 | 54 | 15 | -109 | -27 | -174 | 28 |
| PAT Margin (%) | 24.2% | 21.2% | 9.8% | 6.5% | 8.7% | 2.7% | -41.0% | -9.0% | -35.6% | 5.4% |
| Adjusted EPS (₹) | 22.2 | 22.6 | 11.4 | 7.4 | 11.3 | 3.1 | -22.9 | -5.8 | -36.4 | 5.9 |
| Dividend Payout Ratio (%) | 5% | 4% | 9% | 14% | 9% | 33% | -4% | -17% | -3% | 25% |
| 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 | 675 | 806 | 855 | 884 | 932 | 918 | 804 | 772 | 594 | 769 |
| Share Capital ⓘ | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 |
| Reserves ⓘ | 627 | 759 | 807 | 837 | 885 | 871 | 757 | 724 | 546 | 721 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0 | 250 | 123 | 104 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 0 | 250 | 123 | 104 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 74 | 80 | 112 | 105 | 123 | 115 | 76 | 71 | 323 | 211 |
| Others Liabilities ⓘ | 148 | 198 | 220 | 62 | 158 | 350 | 282 | 247 | 260 | 243 |
| Total Liabilities ⓘ | 896 | 1,335 | 1,310 | 1,155 | 1,213 | 1,383 | 1,162 | 1,089 | 1,177 | 1,223 |
Fixed Assets | ||||||||||
| Gross Block | 364 | 407 | 802 | 824 | 907 | 1,115 | 1,129 | 1,085 | 1,068 | 1,078 |
| Accumulated Depreciation | 310 | 36 | 89 | 151 | 216 | 283 | 462 | 482 | 533 | 599 |
| Net Fixed Assetsⓘ | 53 | 371 | 713 | 673 | 691 | 833 | 668 | 603 | 536 | 480 |
| CWIP ⓘ | 0 | 357 | 66 | 63 | 22 | 1 | 2 | 1 | 1 | 1 |
| Investmentsⓘ | 550 | 235 | 116 | 163 | 148 | 242 | 232 | 238 | 303 | 327 |
| Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Receivables | 126 | 140 | 162 | 170 | 184 | 159 | 114 | 127 | 143 | 178 |
| Cash Equivalents | 14 | 20 | 19 | 18 | 21 | 2 | 6 | 5 | 9 | 62 |
| Others Assetsⓘ | 152 | 211 | 233 | 68 | 148 | 147 | 141 | 116 | 187 | 175 |
| Total Assets ⓘ | 896 | 1,335 | 1,310 | 1,155 | 1,213 | 1,383 | 1,162 | 1,089 | 1,177 | 1,223 |
| 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 ⓘ | 95 | 109 | 104 | 98 | 120 | 118 | 30 | 39 | 110 | 144 |
| PBT ⓘ | 145 | 157 | 78 | 61 | 84 | 19 | -79 | -36 | -161 | 34 |
| Adjustment ⓘ | -1 | -7 | 53 | 56 | 60 | 109 | 101 | 80 | 73 | 64 |
| Changes in Working Capital ⓘ | 1 | -8 | -7 | -5 | -3 | 6 | 14 | 1 | 202 | 39 |
| Tax Paid ⓘ | -49 | -32 | -19 | -15 | -20 | -16 | -6 | -5 | -4 | 7 |
| Cash Flow From Investing Activity ⓘ | -89 | -338 | 52 | -65 | -1 | -96 | 8 | -2 | -73 | -51 |
| Capex | -4 | -717 | -87 | -26 | -29 | -13 | -8 | -7 | -7 | -16 |
| Net Investments | -93 | 374 | 139 | -40 | 28 | -83 | 16 | 13 | -68 | -42 |
| Others ⓘ | 9 | 5 | 0 | 0 | 0 | 0 | 0 | -8 | 2 | 7 |
| Cash Flow From Financing Activityⓘ | -6 | 231 | -154 | -33 | -116 | -41 | -35 | -38 | -33 | -38 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | -13 | 0 | 0 | 0 | -18 | -18 | -16 | -15 | -14 |
| Dividend Paid ⓘ | -5 | -5 | -5 | -5 | -5 | -5 | -5 | -5 | -5 | -5 |
| Others ⓘ | -1 | 248 | -149 | -28 | -111 | -18 | -12 | -17 | -13 | -19 |
| Net Cash Flow ⓘ | 0 | 2 | 2 | -1 | 3 | -19 | 4 | -1 | 4 | 55 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 16.89 | 14.57 | 6.56 | 4.04 | 5.94 | 1.57 | -12.69 | -3.49 | -25.43 | 4.13 |
| ROCE (%) | 23.06 | 18.1 | 9.03 | 6.74 | 9.13 | 4.02 | -15.68 | -2.56 | -23.85 | 7.23 |
| Asset Turnover Ratio | 0.53 | 0.46 | 0.42 | 0.44 | 0.52 | 0.42 | 0.21 | 0.27 | 0.43 | 0.43 |
| PAT to CFO Conversion(x) | 0.9 | 1.01 | 1.93 | 2.8 | 2.22 | 7.87 | N/A | N/A | N/A | 5.14 | Working Capital Days |
| Receivable Days | 96 | 96 | 99 | 113 | 104 | 116 | 186 | 144 | 101 | 113 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Entertainment Network (India) was incorporated in June 1999. It is one of the leading entertainment and media company and is engaged in radio broadcasting under the brand name ‘Radio Mirchi’.
The company has 32 FM radio stations spread across the country and more than 41 million listeners across all its stations. It is the only company which has the largest number of licenses.
It has its presence in Mumbai, Delhi, Kolkata, Chennai, Pune, Indore, Ahmedabad Bangalore, Hyderabad, Jaipur, Patna and Jalandhar.
ENIL has a 100% owned subsidiary Times Innovative Media ('TIM') that operates under the brand name “Times OOH†and has a wide set of Out of Home media properties across the key Indian cities.
In 2012 -India's largest FM Station Radio Mirchi joined hands with aDubai based Cricket Radio to make it's ICC World Cup programming more interesting.
Awards
The company won a gold medal in Best Activity Generating Brand Loyalty at Promotion Marketing Awards of Asia (PMAA) - 2004.
It won Best Jingle in English-Radio Mirchi at 28th RAPA Awards - Radio and TV Advertising Practitioners Association of India.
It was awarded ITC Kolkata Trophy 2005 Consumer Connect Awards for the promotional campaign “Bappi Da Gyan'.
The company’s '983 - Kismat Khol De' contest won the gold medal for best activity generating brand loyalty at the Promotion Marketing Awards of Asia - 2004.
The company was awarded the FICCI - Frames Excellence Award 2010 for the Most Successful Radio Channel of the Year - Radio Mirchi was the ONLY radio station to receive an award from FICCI.
Radio Mirchi received 8 awards at the 5th India Radio Forum (IRF). This included 4 awards for our RJs out of a total of 7 RJs who were acknowledged.
The company was awarded the Most Popular Radio Channel amongst Youth at the 2nd Global Youth Marketing Forum.
It also received the CMO Council Brand Leadership Award.
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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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