Den Networks Ltd

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

Den Networks Ltd

₹ 46.1 1.81%
03 Dec - close price
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 ₹ 46.1
  • High / Low ₹ 69.4 / 42.2
  • Stock P/E 10.0
  • Book Value ₹ 73.7
  • Dividend Yield 0.00 %
  • ROCE 7.30 %
  • ROE 6.42 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company is almost debt free.
  • Stock is trading at 0.63 times its book value
  • Company has delivered good profit growth of 33.2% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -2.17% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 5.00% over last 3 years.
  • Earnings include an other income of Rs.233 Cr.
  • Debtor days have increased from 28.8 to 36.9 days.
  • Working capital days have increased from 109 days to 487 days

* 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 Nifty Microcap 250 Nifty Total Market BSE SmallCap Nifty Media BSE Allcap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
325 294 303 283 287 277 283 273 277 273 258 248 249
281 244 248 242 250 239 249 244 235 233 218 221 221
Operating Profit 44 50 55 41 38 37 34 29 42 40 40 27 28
OPM % 14% 17% 18% 14% 13% 14% 12% 11% 15% 15% 16% 11% 11%
34 30 28 5 39 43 27 50 52 51 57 55 69
Interest 0 0 0 0 0 1 1 1 1 1 1 1 1
Depreciation 39 36 33 32 28 30 29 28 29 28 28 26 27
Profit before tax 39 44 50 14 49 50 31 50 64 62 69 55 69
Tax % 2% -1% 4% 8% 1% 1% -304% 15% 29% 23% -12% 22% 25%
38 44 49 13 48 49 126 42 46 48 77 43 52
EPS in Rs 0.83 0.95 1.05 0.27 1.00 1.03 2.80 0.89 0.96 0.99 1.66 0.95 1.09
Raw PDF

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
897 1,098 1,130 948 1,157 1,285 1,206 1,291 1,307 1,226 1,130 1,081 1,028
699 814 1,037 1,123 981 1,007 1,029 1,079 1,058 1,024 979 928 894
Operating Profit 197 284 93 -176 176 278 177 212 250 202 152 153 134
OPM % 22% 26% 8% -19% 15% 22% 15% 16% 19% 16% 13% 14% 13%
38 65 88 51 10 30 -165 176 190 120 112 207 233
Interest 47 89 82 79 65 66 59 32 3 0 1 3 2
Depreciation 81 147 186 206 276 249 242 247 251 148 119 113 109
Profit before tax 107 113 -88 -409 -155 -7 -288 110 186 174 143 245 255
Tax % 27% 34% 38% 5% 21% 139% 4% 47% -2% 2% -65% 13%
78 75 -122 -431 -188 -17 -301 59 189 171 236 213 220
EPS in Rs 4.65 2.15 -8.08 -24.21 -10.74 -1.76 -5.81 1.47 4.15 3.69 5.09 4.50 4.69
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 0%
5 Years: -2%
3 Years: -6%
TTM: -7%
Compounded Profit Growth
10 Years: 19%
5 Years: 33%
3 Years: 56%
TTM: -17%
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: 5%
Last Year: 6%

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 133 178 178 178 194 195 477 477 477 477 477 477 477
Reserves 748 1,678 1,532 792 620 591 2,069 2,126 2,298 2,476 2,731 2,943 3,040
750 1,027 998 854 505 530 482 213 0 0 28 26 24
645 673 649 1,107 1,088 1,041 927 872 678 554 524 481 524
Total Liabilities 2,276 3,557 3,357 2,931 2,407 2,357 3,955 3,688 3,452 3,507 3,759 3,927 4,065
1,046 1,355 1,425 1,474 1,299 1,186 935 763 609 557 562 515 489
CWIP 66 94 110 129 45 50 19 21 37 21 29 18 21
Investments 131 379 145 109 101 127 2,139 70 2,140 1,913 1,426 1,709 2,186
1,033 1,728 1,676 1,219 962 994 862 2,834 666 1,016 1,741 1,685 1,370
Total Assets 2,276 3,557 3,357 2,931 2,407 2,357 3,955 3,688 3,452 3,507 3,759 3,927 4,065

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
175 108 61 8 202 185 42 268 218 129 139 84
-668 -1,248 -48 186 2 -80 -2,047 429 -361 -258 -54 -66
455 1,126 -109 -161 -277 -41 1,933 -688 134 96 -115 -7
Net Cash Flow -37 -14 -96 33 -74 64 -72 9 -9 -33 -30 11

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 133 130 129 101 74 86 68 38 26 21 28 37
Inventory Days
Days Payable
Cash Conversion Cycle 133 130 129 101 74 86 68 38 26 21 28 37
Working Capital Days -83 -148 -170 -167 -129 -69 -105 -95 -86 -78 -82 487
ROCE % 11% 8% -1% -12% -4% 4% -1% 4% 2% 2% 3% 7%

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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