Den Networks Ltd

Den Networks Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Den Networks Ltd

₹ 46.0 -0.17%
04 Dec 2:04 p.m.
dennetworks.com BSE: 533137 NSE: DEN
About

Den network ltd is a mass media & entertainment company that provides visual entertainment to its customers through cable TV, over-the-top (OTT) entertainment, and broadband services. It has curated media content from Various broadcasters across a wide range of genres and entertains 13 million+ households in India across 13 key states and 433 cities and is the Largest Subscriber Base amongst all cable players in India.[1]

Key Points

A Subsidiary of Reliance Industries
Reliance through its network of subsidiaries has acquired ~59% in Den networks in FY19. [1] Reliance Industries holds ~75% stake in the company as of FY23. [2]

Website BSE NSE
  • Market Cap ₹ 2,195 Cr.
  • Current Price ₹ 46.0
  • High / Low ₹ 69.4 / 42.2
  • Stock P/E 14.4
  • Book Value ₹ 77.2
  • Dividend Yield 0.00 %
  • ROCE 0.54 %
  • ROE 0.40 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.62 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 0.50% over past five years.
  • Company has a low return on equity of 3.12% over last 3 years.
  • Earnings include an other income of Rs.226 Cr.

* 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

Part of BSE SmallCap Nifty Media BSE Allcap BSE Consumer Discretionary Nifty Microcap 250

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
296 280 289 275 279 271 285 271 273 267 224 243 245
263 235 243 240 249 241 250 246 241 243 228 230 245
Operating Profit 33 45 46 35 30 30 35 25 32 24 -4 13 -1
OPM % 11% 16% 16% 13% 11% 11% 12% 9% 12% 9% -2% 5% -0%
35 27 26 4 49 41 27 50 50 49 55 53 67
Interest 0 0 0 0 0 1 1 1 1 1 1 1 1
Depreciation 23 22 21 22 17 18 19 19 18 18 17 17 18
Profit before tax 45 50 51 16 62 52 42 55 63 54 34 48 48
Tax % 0% 0% 0% 0% 0% 0% -267% 13% 28% 25% -23% 26% 28%
45 50 51 16 62 52 154 48 45 41 42 36 34
EPS in Rs 0.95 1.05 1.07 0.33 1.29 1.10 3.22 1.00 0.95 0.86 0.87 0.75 0.72
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
695 861 847 874 899 1,064 1,009 1,195 1,240 1,154 1,110 1,035 978
565 764 872 1,140 855 927 931 1,062 1,017 991 981 957 946
Operating Profit 131 98 -25 -266 44 137 78 134 224 163 129 77 32
OPM % 19% 11% -3% -30% 5% 13% 8% 11% 18% 14% 12% 7% 3%
28 66 97 135 -15 21 -96 188 185 117 121 204 226
Interest 45 83 77 76 60 60 56 31 3 1 1 2 2
Depreciation 50 85 109 148 185 144 145 166 159 90 77 73 71
Profit before tax 64 -4 -114 -356 -216 -46 -219 124 247 190 172 207 184
Tax % 30% -225% -3% 0% 0% -32% 0% 30% 0% 0% -65% 15%
45 5 -111 -357 -216 -31 -219 86 246 190 283 176 153
EPS in Rs 3.35 0.29 -6.22 -20.02 -11.15 -1.58 -4.59 1.81 5.15 3.97 5.94 3.68 3.20
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 2%
5 Years: 1%
3 Years: -6%
TTM: -11%
Compounded Profit Growth
10 Years: 39%
5 Years: 17%
3 Years: -60%
TTM: -49%
Stock Price CAGR
10 Years: -12%
5 Years: 3%
3 Years: 4%
1 Year: -15%
Return on Equity
10 Years: -1%
5 Years: 4%
3 Years: 3%
Last Year: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 133 178 178 178 194 195 477 477 477 477 477 477 477
Reserves 680 1,583 1,471 885 639 615 2,157 2,242 2,469 2,664 2,960 3,136 3,206
713 974 929 835 485 529 479 213 0 0 28 26 24
267 292 389 916 893 899 855 760 669 494 481 461 495
Total Liabilities 1,793 3,027 2,967 2,813 2,211 2,238 3,968 3,692 3,615 3,635 3,946 4,099 4,202
500 617 675 887 735 678 518 366 259 249 275 252 239
CWIP 53 75 93 115 31 31 8 11 31 18 25 16 17
Investments 568 858 697 622 399 579 2,613 541 2,628 2,424 1,946 2,241 2,687
671 1,477 1,502 1,189 1,046 950 829 2,774 699 944 1,699 1,591 1,259
Total Assets 1,793 3,027 2,967 2,813 2,211 2,238 3,968 3,692 3,615 3,635 3,946 4,099 4,202

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
20 -22 -34 -46 172 124 -8 155 227 97 121 71
-438 -1,076 94 271 7 -58 -1,997 499 -317 -218 -27 -52
423 1,115 -121 -169 -263 -21 1,936 -674 136 96 -113 -4
Net Cash Flow 5 17 -61 55 -84 45 -69 -20 45 -25 -19 15

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 82 120 141 140 129 130 119 97 82 57 61 55
Inventory Days 0 0 0
Days Payable
Cash Conversion Cycle 82 120 141 140 129 130 119 97 82 57 61 55
Working Capital Days -11 -91 -141 -122 -63 -62 -106 -67 -65 -65 -64 -74
ROCE % 9% 3% -2% -13% -6% 2% -1% 4% 8% 3% 3% 1%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.90% 74.90% 74.90% 74.91% 74.91% 74.91% 74.91% 74.91% 74.91% 74.91% 74.91% 74.91%
1.03% 1.05% 1.22% 1.19% 1.27% 1.08% 1.24% 1.30% 0.98% 1.11% 0.96% 0.76%
0.00% 0.00% 0.00% 0.40% 0.19% 0.19% 0.20% 0.21% 0.17% 0.18% 0.18% 0.19%
23.97% 23.95% 23.78% 23.41% 23.56% 23.74% 23.57% 23.50% 23.86% 23.72% 23.87% 24.05%
0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10%
No. of Shareholders 86,90390,53598,72895,42592,90491,15389,34599,9021,08,5481,23,3341,39,8561,59,039

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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