Entertainment Network (India) Ltd

Entertainment Network (India) Ltd

₹ 176 -4.43%
21 Nov - close price
About

Entertainment Network (India) Limited operates FM radio broadcasting stations under the brand names Mirchi, Mirchi Love, and Kool FM. It sells airtime in the Company’s FM radio broadcasting stations, activations, concerts, and monetization of the Company’s digital and other media properties for advertising. [1]

Key Points

Overview[1]
ENIL, incorporated in June 1999, has acquired FM radio licences across 63 cities. It is a subsidiary of BCCL (71% stake). The company has 73 frequencies located in 63 cities in India. After 19 years, the Radio Mirchi brand has been changed to just Mirchi.

  • Market Cap 841 Cr.
  • Current Price 176
  • High / Low 359 / 175
  • Stock P/E 37.7
  • Book Value 158
  • Dividend Yield 0.85 %
  • ROCE 5.35 %
  • ROE 3.78 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.12 times its book value

Cons

  • Company has a low return on equity of -7.57% over last 3 years.
  • Earnings include an other income of Rs.32.9 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.

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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
68.81 98.88 99.30 95.28 103.07 125.39 121.13 91.72 112.91 155.01 149.61 109.46 109.51
59.88 63.25 82.55 90.11 83.31 114.51 110.27 79.27 92.77 111.53 123.51 103.48 99.76
Operating Profit 8.93 35.63 16.75 5.17 19.76 10.88 10.86 12.45 20.14 43.48 26.10 5.98 9.75
OPM % 12.98% 36.03% 16.87% 5.43% 19.17% 8.68% 8.97% 13.57% 17.84% 28.05% 17.45% 5.46% 8.90%
3.95 3.37 3.31 4.39 -13.70 5.59 6.48 8.24 5.51 5.80 7.60 9.11 10.39
Interest 4.07 4.20 3.91 3.90 3.93 3.94 3.70 3.70 3.72 3.78 3.54 3.49 3.26
Depreciation 19.90 19.76 19.56 19.09 19.48 19.59 19.27 18.56 18.88 18.96 19.11 18.79 18.64
Profit before tax -11.09 15.04 -3.41 -13.43 -17.35 -7.06 -5.63 -1.57 3.05 26.54 11.05 -7.19 -1.76
Tax % -28.85% 27.06% -17.60% -15.49% -27.44% 25.78% 5.15% -19.11% 20.66% 15.00% 18.64% -25.45% 120.45%
-7.89 10.97 -2.81 -11.36 -12.58 -8.88 -5.92 -1.28 2.41 22.57 8.99 -5.37 -3.87
EPS in Rs -1.66 2.30 -0.59 -2.38 -2.64 -1.86 -1.24 -0.27 0.51 4.73 1.89 -1.13 -0.81
Raw PDF

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
338 384 438 509 556 537 620 541 267 305 487 520 524
234 260 293 350 430 420 481 417 251 263 577 422 438
Operating Profit 104 125 145 158 126 117 140 124 16 42 -90 98 85
OPM % 31% 32% 33% 31% 23% 22% 23% 23% 6% 14% -18% 19% 16%
17 23 32 34 20 13 15 13 -57 16 5 27 33
Interest 0 0 0 0 14 5 4 18 18 16 15 15 14
Depreciation 32 32 33 36 54 63 67 99 95 79 78 76 76
Profit before tax 89 116 145 157 78 61 84 19 -153 -36 -178 34 29
Tax % 24% 28% 27% 31% 30% 43% 36% 23% -29% -24% -3% 18%
68 83 106 108 54 35 54 15 -109 -27 -174 28 22
EPS in Rs 14.20 17.51 22.23 22.64 11.43 7.38 11.31 3.05 -22.92 -5.76 -36.41 5.90 4.68
Dividend Payout % 7% 6% 4% 4% 9% 14% 9% 33% -4% -17% -3% 25%
Compounded Sales Growth
10 Years: 3%
5 Years: -3%
3 Years: 25%
TTM: 16%
Compounded Profit Growth
10 Years: -10%
5 Years: -12%
3 Years: 39%
TTM: 257%
Stock Price CAGR
10 Years: -10%
5 Years: -5%
3 Years: -3%
1 Year: -7%
Return on Equity
10 Years: 1%
5 Years: -5%
3 Years: -8%
Last Year: 4%

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 48 48 48 48 48 48 48 48 48 48 48 48 48
Reserves 455 532 627 759 807 837 885 871 757 724 546 721 705
0 0 0 250 123 104 0 0 0 202 190 178 160
87 97 115 123 157 167 210 390 304 106 406 288 266
Total Liabilities 590 677 789 1,180 1,135 1,155 1,142 1,308 1,108 1,079 1,190 1,235 1,178
120 91 54 371 715 674 693 835 659 605 536 480 434
CWIP 0 0 0 357 66 63 22 1 2 1 1 1 0
Investments 318 434 550 235 115 162 146 240 232 238 303 327 402
151 151 185 217 240 256 282 232 215 236 351 426 341
Total Assets 590 677 789 1,180 1,135 1,155 1,142 1,308 1,108 1,079 1,190 1,235 1,178

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
86 104 95 109 104 98 120 118 30 39 110 144
-118 -97 -89 -338 52 -65 -1 -96 8 -2 -73 -53
-0 -6 -6 231 -154 -33 -116 -41 -35 -38 -33 -38
Net Cash Flow -32 2 0 2 2 -1 3 -19 4 -1 4 53

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 107 99 105 101 106 116 108 107 156 152 107 125
Inventory Days
Days Payable
Cash Conversion Cycle 107 99 105 101 106 116 108 107 156 152 107 125
Working Capital Days 49 22 24 34 36 41 37 17 35 57 -164 -44
ROCE % 18% 18% 19% 15% 7% 6% 8% 4% -7% -2% -17% 5%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
71.15% 71.15% 71.15% 71.15% 71.15% 71.15% 71.15% 71.15% 71.15% 71.15% 71.15% 71.15%
5.74% 5.72% 5.70% 5.72% 5.75% 5.76% 5.80% 5.76% 5.77% 6.14% 5.96% 6.12%
5.40% 5.40% 5.40% 5.55% 5.12% 5.09% 5.09% 4.44% 4.44% 4.06% 4.06% 4.06%
17.71% 17.73% 17.75% 17.59% 17.97% 17.99% 17.96% 18.64% 18.61% 18.66% 18.83% 18.67%
No. of Shareholders 15,61815,34115,58615,56215,69715,59215,31915,58115,77718,68819,44119,481

* 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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