Entertainment Network (India) Ltd

Entertainment Network (India) Ltd

₹ 247 1.50%
02 Jul - 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 1,179 Cr.
  • Current Price 247
  • High / Low 359 / 128
  • Stock P/E 37.5
  • Book Value 162
  • Dividend Yield 0.40 %
  • ROCE 5.64 %
  • ROE 4.14 %
  • Face Value 10.0

Pros

Cons

  • Company has a low return on equity of -0.72% over last 3 years.
  • Working capital days have increased from 78.9 days to 163 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
100.36 41.56 72.75 103.61 102.65 99.20 109.28 133.68 125.51 96.31 117.45 160.61 150.66
76.33 59.61 63.03 66.43 85.24 93.19 88.36 121.43 114.16 80.81 95.61 114.81 122.97
Operating Profit 24.03 -18.05 9.72 37.18 17.41 6.01 20.92 12.25 11.35 15.50 21.84 45.80 27.69
OPM % 23.94% -43.43% 13.36% 35.88% 16.96% 6.06% 19.14% 9.16% 9.04% 16.09% 18.60% 28.52% 18.38%
-92.81 5.53 4.05 3.90 2.97 3.96 1.62 8.56 7.08 8.96 5.92 5.94 7.75
Interest 4.25 4.36 4.66 4.56 4.20 4.19 4.56 4.47 4.03 3.84 3.85 3.88 3.80
Depreciation 23.53 21.69 23.13 22.07 21.71 21.38 23.16 22.83 21.41 19.47 19.81 19.89 20.59
Profit before tax -96.56 -38.57 -14.02 14.45 -5.53 -15.60 -5.18 -6.49 -7.01 1.15 4.10 27.97 11.05
Tax % 31.39% 23.65% 22.75% 28.24% 9.95% 13.01% 89.77% -28.97% -4.28% -16.52% 17.07% 14.41% 19.82%
-66.25 -29.44 -10.83 10.36 -4.97 -13.57 -0.53 -8.37 -7.30 1.34 3.40 23.94 8.85
EPS in Rs -13.90 -6.18 -2.27 2.16 -1.05 -2.86 -0.13 -1.77 -1.54 0.24 0.69 5.01 1.82
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
340 384 438 509 556 537 621 548 272 319 440 536
235 260 293 350 430 420 482 423 256 274 369 430
Operating Profit 104 125 145 158 126 117 139 125 16 45 71 106
OPM % 31% 32% 33% 31% 23% 22% 22% 23% 6% 14% 16% 20%
17 23 32 35 20 13 16 13 -53 14 16 29
Interest 0 0 0 0 14 5 4 19 19 17 17 15
Depreciation 32 32 33 36 54 63 67 104 99 87 85 80
Profit before tax 90 116 145 157 79 62 84 15 -155 -45 -15 40
Tax % 24% 28% 27% 31% 30% 43% 36% 29% 29% 20% 30% 17%
68 84 106 109 55 36 54 11 -110 -36 -11 33
EPS in Rs 14.33 17.54 22.23 22.76 11.57 7.48 11.31 2.25 -23.18 -7.61 -2.26 6.81
Dividend Payout % 7% 6% 4% 4% 9% 13% 9% 45% -4% -13% -44% 22%
Compounded Sales Growth
10 Years: 3%
5 Years: -3%
3 Years: 25%
TTM: 22%
Compounded Profit Growth
10 Years: -8%
5 Years: -8%
3 Years: 40%
TTM: 402%
Stock Price CAGR
10 Years: -6%
5 Years: -10%
3 Years: 13%
1 Year: 86%
Return on Equity
10 Years: 3%
5 Years: -1%
3 Years: -1%
Last Year: 4%

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
Equity Capital 48 48 48 48 48 48 48 48 48 48 48 48
Reserves 455 533 627 761 810 840 888 870 754 713 698 724
0 0 0 250 123 104 0 0 0 235 197 193
86 96 115 123 157 167 210 403 310 110 145 292
Total Liabilities 588 676 789 1,182 1,138 1,158 1,145 1,321 1,112 1,106 1,087 1,256
120 91 53 371 715 674 693 847 666 641 545 498
CWIP 0 0 0 357 66 63 22 1 2 1 1 1
Investments 315 433 550 237 117 165 145 236 223 217 263 308
153 152 186 217 240 256 285 237 222 248 277 450
Total Assets 588 676 789 1,182 1,138 1,158 1,145 1,321 1,112 1,106 1,087 1,256

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
83 105 95 109 104 106 119 119 31 40 93 127
-115 -98 -89 -338 52 -74 2 -92 13 6 -40 -38
-0 -6 -6 231 -154 -33 -116 -46 -37 -45 -43 -40
Net Cash Flow -32 2 0 2 2 -1 6 -20 6 1 10 50

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 107 99 105 101 106 116 108 107 153 150 110 124
Inventory Days
Days Payable
Cash Conversion Cycle 107 99 105 101 106 116 108 107 153 150 110 124
Working Capital Days 51 23 24 34 35 41 37 13 27 55 19 163
ROCE % 18% 18% 19% 15% 8% 6% 8% 3% -8% -3% 1%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 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%
6.20% 6.34% 5.74% 5.72% 5.70% 5.72% 5.75% 5.76% 5.80% 5.76% 5.77% 6.14%
6.18% 5.42% 5.40% 5.40% 5.40% 5.55% 5.12% 5.09% 5.09% 4.44% 4.44% 4.06%
16.47% 17.08% 17.71% 17.73% 17.75% 17.59% 17.97% 17.99% 17.96% 18.64% 18.61% 18.66%
No. of Shareholders 18,08116,02815,61815,34115,58615,56215,69715,59215,31915,58115,77718,688

* 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.

Click on the line-items to see the names of individual entities.

Documents

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