Zee Entertainment Enterprises Ltd - Stock Valuation and Financial Performance

BSE: 505537 | NSE: ZEEL | TV Broadcasting & Software Production | Small Cap

Zee Entertainment Share Price

104.50 -1.70 -1.60%
as on 30-Jan'25 16:59

DeciZen - make an informed investing decision on Zee Entertainment

Overall Rating
Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Zee Entertainment Enterprises stock performance -

P/E Ratio (CD):
19.90
Market Cap:
10,037.4 Cr.
52-wk low:
103.4
52-wk high:
209.6

Is Zee Entertainment Enterprises Ltd an attractive stock to invest in?

1. Is Zee Entertainment Enterprises Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Zee Entertainment Enterprises Ltd is a good quality company.

2. Is Zee Entertainment Enterprises Ltd undervalued or overvalued?

The key valuation ratios of Zee Entertainment Enterprises Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is Zee Entertainment Enterprises Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Zee Entertainment Enterprises Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Zee Entertainment:

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.
Zee Entertainment Enterprises Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 27.5%25.4%39.4%27.4%26.8%11%12.8%14.5%5%4.2%-
Value Creation
Index
1.41.32.51.41.40.00.10.3-0.6-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4,8845,8136,4346,6867,9348,1307,7308,1868,0888,6378,280
Sales YoY Gr.-19%10.7%3.9%18.7%2.5%-4.9%5.9%-1.2%6.8%-
Adj EPS 9.88.915.814.416.68.19.911.83.43.95.3
YoY Gr.--9.2%77.6%-9.1%15.3%-51.2%21.8%19.5%-71.3%15.1%-
BVPS (₹) 36.85069.778.892.997.3105113111.5113.1118.9
Adj Net
Profit
9408531,5171,3791,5907779461,131324374504
Cash Flow from Ops. 6817317415541352501,548280129714-
Debt/CF from Ops. 02.432.88.22.70.300.10-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.5%1.7%3.8%6.8%
Adj EPS -9.8%-25.2%-26.6%15.1%
BVPS13.3%4%2.5%1.4%
Share Price -12.1% -17.2% -28.8% -39.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
18.316.526.419.419.38.59.710.833.54.5
Op. Profit
Mgn %
25.825.830.231.232.720.223.421.81410.913.6
Net Profit
Mgn %
19.214.723.620.620.19.512.213.744.36.1
Debt to
Equity
00.40.30.20.10.10000-
Working Cap
Days
278263269316359421445436478452243
Cash Conv.
Cycle
117115106123151215250272310291199

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 4.50%

Sales growth has been subdued in last 3 years 3.77%

Net Profit has been subdued in last 3 years -26.63%

Sales growth is not so good in last 4 quarters at -2.77%

Latest Financials - Zee Entertainment Enterprises Ltd.

Standalone Consolidated
TTM EPS (₹) 6.6 5.3
TTM Sales (₹ Cr.) 7,737 8,280
BVPS (₹.) 110.3 118.9
Reserves (₹ Cr.) 10,497 11,325
P/BV 0.95 0.88
PE 15.93 19.90
From the Market
52 Week Low / High (₹) 103.40 / 209.60
All Time Low / High (₹) 3.45 / 815.00
Market Cap (₹ Cr.) 10,037
Equity (₹ Cr.) 96.1
Face Value (₹) 1
Industry PE 8.3

Quarterly Results

 Mar'24 YoY Gr. Rt. %Jun'24 YoY Gr. Rt. %Sep'24 YoY Gr. Rt. %Dec'24 YoY Gr. Rt. %
Sales (₹ Cr.) 2,170 2.72,131 7.42,001 -17.91,979 -3.3
Adj EPS (₹) 0.3 N/A1.5 171.42.1 -5.42.3 131.3
Op. Profit Mgn % 9.69 251 bps12.70 470 bps16.15 250 bps16.21 599 bps
Net Profit Mgn % 1.45 192 bps6.83 415 bps10.08 132 bps11.12 646 bps

Management X-Ray of Zee Entertainment:

Shareholding Pattern

JavaScript chart by amCharts 3.21.5
JavaScript chart by amCharts 3.21.5Promoters:3.99%Institutions:37.9%Non-Institutions:58.12%

Promoter's Holding & Share Pledging

JavaScript chart by amCharts 3.21.5Sep22Dec22Mar23Jun23Sep23Dec23Mar24Jun24Sep24Dec240%1%2%3%4%5%
Pledged *5.385.385.385.385.385.385.385.385.385.38
* Pledged shares as % of Promoter's holding (%)

Valuation of Zee Entertainment

MRP
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MOS
spaceLock icon%
DP
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Base EPS
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DPS
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MRP: ₹ 0
DP: ₹0
Base EPS ₹:
DPS ₹:
MOS (%):
Expected EPS Growth Rate:
0%
Base 0%
50%
Expected Rate of Return:
0%
Base 0%
50%
Future PE:
0
Base 0
200
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max

Event Update

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Analyst's Notes

Zee Entertainment: Q1FY24 Result Update - 12 Aug 2023

Particulars

Q1FY24

YoY Trend

Comments

Revenue

1,984

+8%

Driven by growth in subscription revenues

EBITDA

159

-41%

 

EBITDA Margin

8%

-700 bps

On account of increase in employee cost and publicity expenses.

PAT

-53

-132%

 

Weak Numbers on account of overall ad revenue decline by 3.6%. Increase in employee cost and publicity expenses leads to losses.

 

Zee Entertainment Enterprises Ltd – Q2FY23 Result - 15 Nov 2022

Market Cap 24,927 Cr
CMP 260
P/E 31

 

Results

(INR Cr)

YoY Growth

Comments

Revenue

202.84

2.5%

Weakened ad revenue (49% of total), declined by 7%

PAT

112.89

-57.5%

Due to higher expenses and lower share of profits from associates

 

Key Highlights -

·        Ad-Revenue segment faced a decline due to viewership loss, removal of ZEE Anmol from Free to Air (FTA) and lower ad spends.

·        EBITDA margin at 14.7% declined by 6.1%. ZEEL has changed amortization policy for music rightsto 10 years (in line with global standards, as per management) from 3 years. Reducing content costs and increasing EBITDA by 32 Cr.

·        PAT declined due 46.6 Cr exceptional items related to merger and debt service guarantee.

Management Outlook -

·        ZEEL will be exclusive TV destination for ICC events, in deal done with Disney+Hotstar.

·        Management guided on merger with Sony to be completed by FY23, with shares being delisted for 5-6 weeks.

·        Management doesn’t expect to be around earlier 24-25%, while Zee5 loss margins to continue in H2FY23.

Movie business dragging margins low, management guided on reallocation to higher margin movie language segment.

Zee Entertainment Enterprises: Event update - 22 Sep 2021

Event update:

The Board of Directors of ZEE Entertainment Enterprises Limited (ZEEL) unanimously provided an in-principle approval for the merger between Sony Pictures Networks India (Sony India) & ZEEL. Sony India will also infuse capital for pursuing growth opportunities.

Based on the merger ratio, 47.07% of the merged entity will be held by ZEEL shareholders and the remaining 52.93% by Sony India’s shareholders. In a statement, Zee said its board has evaluated the merger not only on financial parameters, but also on the strategic value which Sony brings to the table. The board concluded that the merger will be in the best interest of all the shareholders & stakeholders.

 

Zee Entertainment: Stock plunges 31% on fear of of promoter pledge being invoked - 28 Jan 2019

Zee entertainment stock recorded a steep decline of 31% on Friday post an article in The Wire, which alleges Zee’s promoter’ Essel group is associated with Nityank Infrapower. The company is currently being probed by Serious Frauds Investigation Office (SFIO) for depositing over Rs 30 billion in cash during or after demonetisation.

Zee's response to the article: Zee's management stated Nityank is an independent company and does not belong to either Zee or the Essel group. Zee is also not involved in the ongoing SFIO investigation into Nityank.

 Essel group has also initiated a legal action and filed defamation case against 'The Wire'. It plans on pressing criminal charges against 'The Wire'.

Risk of pledged shares being invoked: Essel Group have pledged 59% of their ~42% ownership in Zee to group lenders. While promoter pledging of Zee’s shares is not new, its rise from 42% five years ago to 59% in Dec-18 and Zee’s stock price fall have aggravated risk of pledges being invoked.

Zee’s management mentioned there might have been some invocation by lenders, however it does not have details on the sale of pledged shares. It also believes the sale was majorly driven by Futures and Options, as delivery percentage was 25% of volumes traded.

Deleveraging plan: The good news for investors is that promoters are already close to a stake sale, which should help bring down the promoter group’s leverage significantly. Zee’s CEO said the group is working on selling three infra assets (one deal is almost done). The deals are expected to realise Rs200bn of EV and Rs80bn of equity value. Sale of the Infra assets would remove a significant part of the pledge, only a small amount would be left to take care of.

Promoter's strategic stake sale: Zee promoters/Essel Group in Nov-18 had also announced plans to sell up to 50% of the 42% ownership in Zee Entertainment to a strategic partner which should further aid deleveraging at the group level.

Zee is in active dialogue with two strategic partners one being Domestic. However, it prefers to have a foreign strategic partner, which will give access to international markets. Talks are at an advanced stage, and management are confident of meeting the deadlines of March/April ' 2019, with possibility of early announcement.

Though strategic stake sale is being done to bring down group level debt, it could be a blessing in disguise if Zee gets a partner to scale up its digital piece.

Impact on stake sale: The management highlighted they have not had discussions with interested parties post the sharp fall in Zee's stock price. They believe Friday's stock price movement would not have a bearing on the stake sale process as fundamentally nothing has changed in the company.

Business Fundamentals remain intact

1.       Zee Entertainment has recorded a 19% YoY growth in revenues for 9M FY19

2.       The company expects its ad revenue to continue to grow at a robust pace ahead of industry growth of 12%

3.       It expects subscription revenues to grow in the low teens (below the current run rate of mid-/high teens) as it expects the new tariff order to affect near-term subscription revenue.

4.       Its new investment ZEE5, its digital platform progresses well. It has 56.3mn monthly active users spending 31 min/day on it, and it has launched 31 original content shows till Dec'18. It expects to launch 72 new shows in FY20.

5.       The company has maintained its EBITDA margin guidance of 30%+ despite continued heavy investment in ZEE5 as Digital content creation is front loaded till a library gets created

We believe the promoters' intention to sell up to 50% of their shareholding to a strategic partner is a big positive for minority shareholders and will act as an important catalyst in rerating of the stock. The Group’s Chairman Subash Chandra has also reiterated in his open letter that all group companies are performing well at an operational level.

Thus, we advise customers holding Zee Entertainment not to panic and to continue holding the shares. However, we believe just like margins were kept high, are there some other things done to keep Zee highly profitable. Thus, investors are advised not to rush to buy the stock till clarity emerges.

For more details on how pledging affects investors read, ‘How to Choose a Good Stock: Look at Pledging of Shares to avoid Losing your Money

Zee Entertainment Enterprises Strong to produce content & Fight competition - 11 Jul 2018

Zee Entertainment Enterprises reported 15% growth in revenues and 30% in earnings. This was aided by lower base year. But still it is very impressive.

We like Zee Business as it has sticky viewership, scale to produce content, good lingual subscriber base and fixed cost model. Zee’s operating leverage comes from advertising revenues which means that revenues directly add to profits as there is not incremental fixed cost for Zee to advertise. Despite making losses in digital business, the company has been able to maintain its EBIDTA margins thanks to operating leverage from advertisement revenues.

Will new digital library ruin Zee’s future prospects?

i) Cost: First advantage for Zee’s viewership is low cost. TV provides very low cost for entire family viewership ~ Rs. 150/month. Besides, there are no internet charges. 1 Hour of content viewing consumes 1 GB data. Even after considering Jio cheaper plans, just 1 hour of entertainment would cost very high for an average Indian Household.

ii) Content library: Zee has existing content library in hindi and regional languages. Barring Urban educated class, most of the Indian consume data in Hindi or regional languages. Netflix, Amazon, etc would take time to scale up as content creation takes time and burning cash. Zee already has scale and agility to produce good content till the time others roll out new series. This will make Zee one of the strong contenders in digital space too.

iii) Advertising Cash Cow: Advertising revenues from TV broadcasting provides cash flows to fund digital content creation which bodes well for Zee. Other players have to rely on subscription revenues only. If Zee execution well on content creation, it will remain strong player in India.

Considering the above parameters, we believe Zee can withstand competition and new technology. We continue to be positive about Zee but current valuations are already factoring the most optimistic scenario.

Zee Entertainment: Annual Report takeaways - 28 Jun 2016

Excerpts from Zee Entertainment Enterprises (ZEEL) annual report:

Zeel is a worldwide media brand offering content in multiple languages, with a strong presence in 171 countries and a total viewership of over 1 billion people around the globe.

…[Zeel] it is amongst the few brands from the emerging markets to have gained worldwide traction.” - STEPHEN MEZIAS, PROFESSOR OF ENTREPRENEURSHIP AND FAMILY ENTERPRISE AT INSEAD

Dr. Subhash Chandra says, “Today’s media environment has evolved dramatically - with the proliferation of multiple channels on one side and increasing number of viewing platforms on the other. Yet ZEEL’s objective remains providing viewers with high-impact entertaining content that enables happier lives.

In the digital space it is no longer about just viewing content on multiple devices. On-demand viewing patterns have resulted in newer content formats, crisper episodes and differentiated content packaging tailor-made to audience preferences.

[India] has an attractive GDP growth rate and rapidly growing disposable incomes. However, the share of wallet that entertainment commands today is lower than the global average presenting a great opportunity for growth.

The introduction of BARC has been a welcome addition to the Indian Media Industry. Rural audiences who represent a significant chunk of the population are included for the first time in the viewership ratings. This is an important reset for all players as strategies are being revisited or drawn afresh.”

Puneet Goenka, MD & CEO says, “[ZEEL] We intend to concentrate on the entire entertainment value chain of content creation from television to films to live events.

[ZEEL] We are also creating dedicated teams for content development to ensure a more robust show pipeline. Our focus is on creating new IPs in non-fiction genres through newer formats such as game shows and cookery shows among others.

The world over, audiences are seeking engaging content. The demand for ‘what’s trending across the world’ coexists with audience preferences for content in their language and genre of choice.”

ZEEL’s regional language offerings within India are performing extremely well. [ZEEL] We are able to leverage content strengths across the network by replicating successful formats. Our understanding of audiences is reflected in our leadership and improving network performance.

Zee chose ‘Consistency and Change’ as the theme of the annual report and detailed its strategic objectives and priorities.

Key strategic objectives are to (1) be a media conglomerate, (2) attain global consumption leadership, and (3) consistently enhance shareholder value. Its priorities are to (1) attain leadership in key genres, (2) continue expansion in new markets and verticals—Zee has expanded in movie production, theatres, live events and music over the past three years and as per media articles it mulled radio acquisition (Reliance Broadcast). (3) Aligning with emerging consumer preferences—essentially, higher emphasis on digital platforms and content for digital audience, (4) sustainable profitable growth. Interestingly, sports does not feature in key priorities.

Zee’s overall ad revenues grew 29% in FY16; Domestic subscription revenues grew 14% while overseas subscription revenues grew about 16%. EBITDA margin at 25.8% were flat due to new &TV losses. PAT growth was weak due to increase in effective tax rate to 35% from 30.5% and lower other income.

Zee’s operating cash flow increased 7% to Rs 7.3 bn; CFO/NOPAT was down 300 bps to 79% in FY2016. Capex of Rs 3.1 bn (3X usual run rate) and outgo of Rs 1 bn for acquisition of Sarthak (Odiya channel) impacted FCF. FCF declined 40% to Rs 4.4 bn and FCF/PAT dropped to 42% from 74%. The bulk of the capex was non-recurring led by new office, investment in studios. Zee is setting up two production facilities to augment its in-house content production capabilities.

ZEEL has invested Rs 3.9 bn in Bermuda based Poseidon Opportunities fund (flat yoy). ZEEL parks foreign-currency accruals in overseas funds, intercorporate deposits (non-related party) reduced to Rs 1.75 bn from Rs 4.25 bn, (3) investment in high-yield debt securities of real estate entities was flat at Rs 1.25 bn. These investments are in line with Zee’s high-yield focused cash management approach. Interest income (including profit on sale of current investments) was down 23% in FY2016; average yield on cash and cash equivalents declined to 6% from 8.8%.

Reversal of provision on doubtful debts/advances/investments aided margins by 90 bps in FY2016. The sale of an old aircraft fetched Rs 367 mn. Subsequent acquisition of 100% stake in aircraft charter services firm, Fly by wire, for Rs 610 mn will reflect in FY2017 balance sheet.

We expect earnings to grow at 15-17% over next 5 years and cash flows to grow at lower CAGR due to high capex in content creation. Based on our DCF model, we estimate company is valued at ~Rs 290-300/share.

At current price of Rs 436/share, the market is factoring growth of 24.5% to 27.5% CAGR EPS growth over next 5 years which looks quite ambitious. We gave SELL on ZEEL on 30th Oct 2015 at Rs 408/share.

Key Ratios of Zee Entertainment

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Company Name CMP(₹)
Change ₹(%)
Market Cap
Net Sales (₹ Cr.)
Latest EPS (₹)
Net Profit Margin %
Latest P/E
Latest P/BV
Zee Entertainment 104.5 -1.7 (-1.6%) Small Cap 8,637 5.3 4.3 19.9 0.9
Sun TV Network 635.6 -0.1 (-0%) Small Cap 4,148 45.2 45 14.1 2.3
GTPL Hathway 113.6 -1.5 (-1.3%) Small Cap 3,212 4.5 3.5 25.3 1.1
Network 18 Media Inv 51.5 0.1 (0.1%) Small Cap 1,818 20.8 -9.9 2.5 1.7
Den Networks 39.1 0.5 (1.4%) Small Cap 1,035 2.8 8.2 13.8 0.5
TV Today Network 192.8 3.9 (2.1%) Small Cap 952 16.8 6.3 11.5 1.3
Dish TV India 8.2 0 (0%) Small Cap 815 -7.8 -98.3 - -0.6
Entertain. Network 153.7 -1.1 (-0.7%) Small Cap 520 4.7 5 32.8 1
Zee Media Corpn. 16.5 0.2 (1%) Small Cap 458 -1.5 -18.3 - 2.5
Siti Networks 0.7 -0 (-1.5%) Small Cap 433 -1.3 -44.8 - -0.1
Shows rows:

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales4,8845,8136,4346,6867,9348,1307,7308,1868,0888,637
Operating Expenses 3,6324,3954,7284,6265,3726,8686,1366,4266,9877,730
Manufacturing Costs2,1902,7633,1943,5084,3585,3973,8665,0945,4814,743
Material Costs-14-130-378-932-1,223-1,497-55-983-922395
Employee Cost 4414906046667257728188268241,019
Other Costs 1,0151,2731,3081,3831,5122,1961,5071,4881,6031,573
Operating Profit 1,2521,4181,7062,0602,5621,2621,5941,7601,101907
Operating Profit Margin (%) 25.6%24.4%26.5%30.8%32.3%15.5%20.6%21.5%13.6%10.5%
Other Income 22922422445025739711013786133
Interest 1016013714513014557447072
Depreciation 6778115182235271265221313309
Exceptional Items 0-331,223135-22-284-127-133-336-278
Profit Before Tax 1,4041,3732,9012,3192,4359561,2561,499468381
Tax 429549681841867432463445217182
Profit After Tax 9768242,2201,4781,5675257931,054251199
PAT Margin (%) 20.0%14.2%34.5%22.1%19.8%6.5%10.3%12.9%3.1%2.3%
Adjusted EPS (₹)8.98.623.115.416.35.58.310.00.51.5
Dividend Payout Ratio (%)25%26%11%19%21%5%30%30%0%68%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 5,5504,8046,6907,5618,9229,34110,09110,85910,71910,873
Share Capital 2,115969696969696969696
Reserves 3,4354,7086,5947,4658,8269,2459,99510,76310,62310,777
Minority Interest02114141113000
Debt11,7151,8211,1457433501243
Long Term Debt11,7151,8211,1457433501243
Short Term Debt0000000000
Trade Payables4204778341,1501,4901,6801,3981,3721,7491,436
Others Liabilities 9819038211,2601,7647611,000698833684
Total Liabilities 6,9537,90110,16711,13012,93312,14412,50412,93213,30512,996

Fixed Assets

Gross Block1,4301,6861,2211,9012,0832,3962,5392,5562,7802,870
Accumulated Depreciation2933544205818231,1611,4001,4391,4701,715
Net Fixed Assets1,1381,3338011,3211,2591,2351,1391,1171,3101,155
CWIP 88110156921568375871910
Investments 9761,0501,3431,529977325798653539
Inventories1,1881,3181,6962,6283,8515,3485,4036,3867,3086,913
Trade Receivables1,0691,3481,2421,5371,8272,1291,9451,7381,6091,702
Cash Equivalents 7379632,6131,6121,2227351,0911,2738041,193
Others Assets1,7581,7792,3162,4123,6412,2902,0522,2662,2211,984
Total Assets 6,9537,90110,16711,13012,93312,14412,50412,93213,30512,996

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 6817317415541352501,548280129714
PBT 1,4041,4042,9012,3192,4359561,2561,416261322
Adjustment -83159-876-803461,281712325529291
Changes in Working Capital -224-250-604-855-1715-167681-964-272342
Tax Paid -416-583-681-830-930-311-501-497-389-240
Cash Flow From Investing Activity -366171,397-1,050866389-506577-202-48
Capex -109-272-270-255-281-145-174-229-256-109
Net Investments -297371,535-6421,017389-377737-17
Others 40252132-15313014544695554
Cash Flow From Financing Activity -343-405-414-1,090-966-1,062-541-715-408-274
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -100-2942-10120
Interest Paid -7-3-7-10-5-9-4-5-8-67
Dividend Paid -235-405-261-240-336-408-29-240-2880
Others -1004-146-547-627-644-508-471-115-206
Net Cash Flow -283431,724-1,58635-423501142-481393
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)31.2119.7738.6320.7419.025.758.1610.062.331.85
ROCE (%)27.4825.3939.4227.426.8210.9812.814.454.994.2
Asset Turnover Ratio0.750.780.710.630.660.650.630.640.620.66
PAT to CFO Conversion(x)0.70.890.330.370.090.481.950.270.513.59
Working Capital Days
Receivable Days78767376778996827670
Inventory Days887985118149206254263309300
Payable Days0-1,258-633-389-394-3860-514-6181,471

Zee Entertainment Enterprises Ltd Stock News

Zee Entertainment Enterprises Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Zee Entertainment on 30-Jan-2025 16:59 is ₹104.5.
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 30-Jan-2025 16:59 the market cap of Zee Entertainment stood at ₹10,037.4.
The latest P/E ratio of Zee Entertainment as of 30-Jan-2025 16:59 is 15.93.
The latest P/B ratio of Zee Entertainment as of 30-Jan-2025 16:59 is 0.95.
The 52-week high of Zee Entertainment is ₹209.6 and the 52-week low is ₹103.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Zee Entertainment is ₹7,737 ( Cr.) .

About Zee Entertainment Enterprises Ltd

Zee Entertainment Enterprises Ltd. (ZEEL) is one of India's leading television, media and entertainment companies. It is amongst the largest producers and aggregators of Hindi programming in the world. From giving India its first private satellite TV channel in 1992, to reaching over 1 billion viewers around the world through linear and digital platforms. ZEEL, today, is the global entertainment go-to, with an integrated team creating and serving extraordinary content. The Company has operations in many countries.

Business area of the company

Zee Entertainment Enterprises ltd. is a media and entertainment company engaged in providing broadcasting services. The Company operates through Content and Broadcasting segment. It offers content in multiple languages and offers several international and domestic channels. The Company's brands include Zee TV, Zee Cinema, Zee Action, Zee Classic, Zee Anmol, Zee Cafe, Zee Studio, Zee Salaam, Zing, ETC Bollywood, Zee Q and Zindagi. The Company has a range of offering in the regional language domain with channels, such as Zee Marathi, Zee Talkies, Zee Bangla, Zee Bangla Cinema, Zee Telugu, Zee Kannada, Zee Tamil and Sarthak TV. It high definition offerings include Zee TV HD, Zee Cinema HD, &tv HD, Zee Studio HD, Zee Cafe HD, &pictures HD, Ten 1 HD and Ten Golf HD.

Awards

  • Zee Telefilms was among the ten Indian companies in the Forbes International 200 Small Best Companies selected from among 20,000 small companies worldwide for the year 2001.
  • Zee was awarded 'BSE Award for Maximisation of Shareholders Wealth - 2000'.
  • ZEEL became the only M&E brand to feature among the ‘Top-25 most valued brands’ of the country in a Millward brown study.
  • Won multiple awards in Promax 2019 across channels - ZEE TV, &TV, ZEE Tamil.
  • Won multiple awards in CMO Asia Awards across channels - Zee Talkies, ZEE Cinema, &tv.
  • ZEE Cinema won Global Marketing Excellence award for best use of social media and marketing campaigns.
  • ZEE5 won ‘OTT platform of the year award’ in Promax 2020 OTT Digital Marketing & Innovation Awards.
  • ZEE5 won ‘India’s Most Desired Video Streaming Brand’ by Trust Research Advisory.

Milestones

2007

  • Zee Entertainment Enterprises Limited (ZEE) gets listed as an independent company.

2010

  • Launches Zee Khana Khazana – India's first 24-hour food channel.
  • Launches Zee Salaam - India's first Urdu infotainment satellite television channel
  • Acquires stake in Ten Sports.
  • Launches Ten Cricket - a dedicated 24-hour Cricket Channel.
  • Launches Ten Action+ - sports channel showcasing the best football action from around the world.
  • Launches India.com - Joint Venture between Zee Entertainment Enterprises Ltd. and Mail.com Media Corporation.

2011

  • ZEEL's distribution arm, Zee-Turner Ltd, enters into a 50:50 JV with Star Den Media Services Pvt. Ltd. to form MediaPro Enterprise India Pvt. Ltd.
  • Announces share buyback for an aggregate expendable amount not exceeding 7,000 million.

2012

  • Launches Ditto TV - India's first and only OTT (Over-The-Top TV) Distribution Platform.
  • Launches Ten Golf – India's first and exclusive 24 hour Golf channel.
  • Launches ZeeQ - India's first Kids Edutainment Channel.
  • Launches Zee Alwan – Dedicated 24 Hour Arabic Channel.

2013

  • Launches Zee Anmol.

2015

  • Zee Entertainment Enterprises Ltd (ZEEL) has launched its entertainment channel Zee Hiburan in Indonesia
  • Zee Entertainment Enterprises Ltd - Registered Office of the Company has been shifted from Worli, Mumbai 400 018 to Lower Parel, Mumbai 400 013
  • Zee Entertainment Enterprises has entered into food and lifestyle segment category by introducing its new entertainment channel Living Foodz.

2016

  • ZEE gets board nod for acquisition of Fly By WireInternational Pvt Ltd (FBW).
  • ZEEL enters Philippines with Bollywood movie channel
  • Zee may buy Reliance Broadcast for Rs 2,000 crores
  • Zee acquires 2 TV channels of Reliance Group
  • Zee Launches Zee Marathi HD, Zee Bangla HD and Zee Talkies HD
  • Zee Launches Zee Cinemalu -its Telugu movie channel

2017 

  • Zee Bangla's New Launch 'Bokul Kotha' to break the Stereotypes of Social Values
  • Zee Kannada launches a new fiction show titled 'Vidya Vinayaka'
  • ZEEL becomes the No. 1 Entertainment Network in India
  • Zee Classic partners with the 16th edition of Old World Theatre Festival 2017

2018 

  • Airtel and ZEE Entertainment announce Mega Content Alliance
  • This Spring, ZEE Entertainment announces the launch of ZEE5 ORIGINALS on its digital entertainment platform

2019 

  • ZEE5, a video on demand website run by Zee Entertainment Enterprises, has unveiled a new Progressive Web App (PWA), in order to increase the web reach of the service.
  • ZEE5, a video on demand website run by Zee Entertainment Enterprises, has launched Zee5 Super Family (ZSF), a brand-new innovation.
  • ZEE5, a video on demand website run by Zee Entertainment Enterprises, has partnered with Tata Sky, the content distribution platform, to offer Zee5’s premium content for their subscribers via the Tata Sky Binge platform.

2020

  • Zee Entertainment Enterprises (ZEEL) has launched ‘Zee Plex’ - India’s 1st ‘Cinema2Home’ (C2H) service on Television and Digital platforms.
  • ZEE5, a video on demand website run by Zee Entertainment Enterprises, has associated with JioFiber. JioFiber users will get complimentary premium subscription of the platform.
  • Zee Entertainment Enterprises has launched an initiative ‘Break The Corona Outbreak’ for the well-being of its audiences.
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