Sea TV Network Ltd

₹ 8.35 -2.91%

25 Apr - close price

About

Incorporated in 2004, Sea TV Network Ltd
is a multi-system operator engaged in the business of cable TV network and cable
operation^[1]

Key Points

Business Overview:^[1]^[2]
a) STVNL is one of the media & entertainment houses of Uttarpradesh & Uttrakhand, which owns a number of media establishments.
b) Through its subsidiary Sea News
Network Ltd, it runs a 24x7 news satellite
channel SEA NEWS UP/UK, primarily showing news in Uttar Pradesh & Uttarakhand.
c) Through its subsidiary Jain Telemedia Services Ltd., the company operates another satellite channel focusing on Jainism, JINVANI.
d) It has been serving news and entertainment content for viewers of Agra through its Multi-System Operators service.
e) It offers high-definition picture quality and digital sound quality through the Set-top-box provided by company. The STB has features such as HD channels, personal recorder play, MPEG-4 technology, parental lock control, pay-per channel, multi-language system, video-on-demand, customer care services, etc.

Website BSE

Market Cap ₹ 10.0 Cr.
Current Price ₹ 8.35
High / Low ₹ 13.1 / 6.61
Stock P/E
Book Value ₹ -33.3
Dividend Yield 0.00 %
ROCE %
ROE %
Face Value ₹ 10.0

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Pros

Company has reduced debt.

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -2.51% over past five years.
Promoters have pledged 51.3% of their holding.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Entertainment Industry: Entertainment / Electronic Media Software

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	3.71	3.11	2.97	3.06	3.27	2.39	2.91	3.18	2.90	2.95	3.45	3.32	1.25
	3.76	4.03	3.82	3.87	4.33	3.92	4.08	4.64	3.41	4.04	3.92	3.98	2.90
Operating Profit	-0.05	-0.92	-0.85	-0.81	-1.06	-1.53	-1.17	-1.46	-0.51	-1.09	-0.47	-0.66	-1.65
OPM %	-1.35%	-29.58%	-28.62%	-26.47%	-32.42%	-64.02%	-40.21%	-45.91%	-17.59%	-36.95%	-13.62%	-19.88%	-132.00%
	-0.01	0.01	0.01	0.03	0.01	3.46	0.01	0.04	34.27	1.66	0.79	1.08	0.90
Interest	0.01	0.09	0.07	0.14	0.03	0.10	0.10	0.17	-0.04	0.39	0.09	0.35	0.06
Depreciation	0.44	-0.37	0.15	0.10	0.29	0.13	0.17	0.11	0.23	0.21	0.14	0.11	0.28
Profit before tax	-0.51	-0.63	-1.06	-1.02	-1.37	1.70	-1.43	-1.70	33.57	-0.03	0.09	-0.04	-1.09
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	-0.51	-0.62	-1.06	-1.02	-1.37	1.70	-1.43	-1.70	33.57	-0.03	0.09	-0.05	-1.09
EPS in Rs	-0.42	-0.52	-0.88	-0.85	-1.14	1.41	-1.19	-1.41	27.93	-0.02	0.07	-0.04	-0.91
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	20.57	18.12	20.23	17.32	16.63	16.37	13.56	15.97	13.30	12.53	11.70	11.94	10.97
	16.91	16.02	16.15	13.55	17.55	29.96	16.08	18.62	17.63	15.28	15.93	16.19	14.84
Operating Profit	3.66	2.10	4.08	3.77	-0.92	-13.59	-2.52	-2.65	-4.33	-2.75	-4.23	-4.25	-3.87
OPM %	17.79%	11.59%	20.17%	21.77%	-5.53%	-83.02%	-18.58%	-16.59%	-32.56%	-21.95%	-36.15%	-35.59%	-35.28%
	0.17	0.08	0.80	0.46	0.32	0.29	0.37	0.36	0.36	0.06	3.50	35.99	4.43
Interest	0.20	3.36	5.77	6.87	7.89	0.32	0.06	0.09	0.12	0.23	0.35	0.62	0.89
Depreciation	1.63	4.71	6.99	6.67	6.44	6.78	7.97	3.60	4.54	0.82	0.67	0.71	0.74
Profit before tax	2.00	-5.89	-7.88	-9.31	-14.93	-20.40	-10.18	-5.98	-8.63	-3.74	-1.75	30.41	-1.07
Tax %	35.50%	15.79%	2.79%	1.50%	-1.14%	0.05%	-0.49%	-0.84%	0.00%	0.00%	0.00%	0.00%
	1.29	-6.82	-8.11	-9.44	-14.76	-20.41	-10.13	-5.93	-8.63	-3.74	-1.75	30.41	-1.08
EPS in Rs	1.07	-5.67	-6.75	-7.85	-12.28	-16.98	-8.43	-4.93	-7.18	-3.11	-1.46	25.30	-0.90
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	-4%
5 Years:	-3%
3 Years:	-4%
TTM:	-4%

Compounded Profit Growth
10 Years:	4%
5 Years:	10%
3 Years:	16%
TTM:	49%

Stock Price CAGR
10 Years:	-1%
5 Years:	19%
3 Years:	16%
1 Year:	-4%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	12.02	12.02	12.02	12.02	12.02	12.02	12.02	12.02	12.02	12.02	12.02	12.02	12.02
Reserves	48.53	41.71	33.69	24.27	-32.63	-52.97	-62.83	-68.48	-77.06	-80.71	-82.49	-52.05	-52.05
	20.32	48.63	54.22	64.20	69.19	66.30	66.18	65.58	66.16	68.29	66.71	25.68	27.57
	15.75	30.20	30.74	31.47	18.95	18.51	21.28	21.87	20.90	21.17	22.17	29.96	30.06
Total Liabilities	96.62	132.56	130.67	131.96	67.53	43.86	36.65	30.99	22.02	20.77	18.41	15.61	17.60
	30.84	58.45	56.78	51.59	24.26	21.25	15.79	13.87	9.59	9.22	8.80	8.20	7.97
CWIP	10.80	10.61	10.63	13.09	5.35	1.00	0.45	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.53	0.53	0.24	0.24	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	54.45	62.97	63.02	67.04	37.92	21.61	20.41	17.12	12.43	11.55	9.61	7.41	9.63
Total Assets	96.62	132.56	130.67	131.96	67.53	43.86	36.65	30.99	22.02	20.77	18.41	15.61	17.60

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-7.58	9.00	1.44	5.71	9.08	3.48	1.77	1.58	0.07	-2.29	-1.13	7.56
	-15.74	-31.45	-4.21	-3.81	-1.15	-1.84	-1.98	-1.20	-0.19	-0.42	-0.22	-0.09
	16.00	24.33	-0.17	-2.42	-8.70	-1.36	-0.16	-0.62	0.45	2.72	1.11	-7.40
Net Cash Flow	-7.32	1.88	-2.95	-0.52	-0.78	0.28	-0.37	-0.24	0.33	0.01	-0.25	0.07

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	281.60	279.39	233.11	261.95	268.21	100.34	103.09	74.97	93.31	102.25	92.65	92.32
Inventory Days
Days Payable
Cash Conversion Cycle	281.60	279.39	233.11	261.95	268.21	100.34	103.09	74.97	93.31	102.25	92.65	92.32
Working Capital Days	492.40	461.29	347.50	244.88	-1,406.67	-1,563.23	-1,971.97	-1,715.29	-1,813.47	-384.52	-477.62	-697.90
ROCE %	3.05%	-2.76%	-2.09%	-2.43%	-9.42%	-54.32%	-49.66%	-48.10%	-166.21%	-977.78%

Shareholding Pattern

Numbers in percentages

2 Recently

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	58.49%	58.49%	58.49%	58.49%	58.49%	58.49%	58.49%	58.49%	58.49%	58.49%	58.49%	58.59%
	41.51%	41.50%	41.52%	41.51%	41.50%	41.51%	41.51%	41.51%	41.51%	41.51%	41.51%	41.40%
No. of Shareholders	3,515	3,472	3,468	3,472	3,442	3,444	3,486	3,494	4,570	11,338	14,187	15,841

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	58.39%	58.49%	58.49%	58.49%	58.49%	58.49%	58.49%	58.49%	58.59%
	41.61%	41.51%	41.51%	41.51%	41.51%	41.51%	41.51%	41.51%	41.40%
No. of Shareholders	3,207	3,086	3,072	3,091	3,051	3,415	3,472	3,494	15,841

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Rating update
25 Sep 2019 from brickwork