Entertainment Network (India) Ltd

Entertainment Network (India) Ltd

₹ 177 -0.79%
20 Dec - 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 842 Cr.
  • Current Price 177
  • High / Low 359 / 175
  • Stock P/E 36.4
  • Book Value 158
  • Dividend Yield 0.85 %
  • ROCE 5.86 %
  • ROE 4.32 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.12 times its book value

Cons

  • Company has a low return on equity of -8.16% over last 3 years.
  • Earnings include an other income of Rs.33.5 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

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
72.75 103.61 102.65 99.20 109.28 133.68 125.51 104.22 117.45 160.61 153.54 113.50 113.54
63.03 66.43 85.24 93.19 88.36 121.43 114.16 93.68 95.61 114.81 125.85 105.99 102.40
Operating Profit 9.72 37.18 17.41 6.01 20.92 12.25 11.35 10.54 21.84 45.80 27.69 7.51 11.14
OPM % 13.36% 35.88% 16.96% 6.06% 19.14% 9.16% 9.04% 10.11% 18.60% 28.52% 18.03% 6.62% 9.81%
4.05 3.90 2.97 3.96 1.62 8.56 7.08 9.39 5.92 5.94 7.75 9.26 10.55
Interest 4.66 4.56 4.20 4.19 4.56 4.47 4.03 3.84 3.85 3.88 3.80 3.72 3.48
Depreciation 23.13 22.07 21.71 21.38 23.16 22.83 21.41 19.51 19.81 19.89 20.59 20.26 20.04
Profit before tax -14.02 14.45 -5.53 -15.60 -5.18 -6.49 -7.01 -3.42 4.10 27.97 11.05 -7.21 -1.83
Tax % -22.75% 28.24% -9.95% -13.01% -89.77% 28.97% 4.28% -5.56% 17.07% 14.41% 19.82% -24.55% 120.77%
-10.83 10.36 -4.97 -13.57 -0.53 -8.37 -7.30 -3.23 3.40 23.94 8.85 -5.45 -4.03
EPS in Rs -2.27 2.16 -1.05 -2.86 -0.13 -1.77 -1.54 -0.72 0.69 5.01 1.82 -1.15 -0.87
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
340 384 438 509 556 537 621 548 272 319 511 536 541
235 260 293 350 430 420 482 423 256 274 597 429 449
Operating Profit 104 125 145 158 126 117 139 125 16 45 -85 106 92
OPM % 31% 32% 33% 31% 23% 22% 22% 23% 6% 14% -17% 20% 17%
17 23 32 35 20 13 16 13 -53 14 24 28 34
Interest 0 0 0 0 14 5 4 19 19 17 17 15 15
Depreciation 32 32 33 36 54 63 67 104 99 87 90 80 81
Profit before tax 90 116 145 157 79 62 84 15 -155 -45 -169 40 30
Tax % 24% 28% 27% 31% 30% 43% 36% 29% -29% -20% -3% 17%
68 84 106 109 55 36 54 11 -110 -36 -165 33 23
EPS in Rs 14.33 17.54 22.23 22.76 11.57 7.48 11.31 2.25 -23.18 -7.61 -34.59 6.81 4.81
Dividend Payout % 7% 6% 4% 4% 9% 13% 9% 45% -4% -13% -3% 22%
Compounded Sales Growth
10 Years: 3%
5 Years: -3%
3 Years: 25%
TTM: 13%
Compounded Profit Growth
10 Years: -8%
5 Years: -10%
3 Years: 39%
TTM: 237%
Stock Price CAGR
10 Years: -10%
5 Years: -6%
3 Years: 2%
1 Year: -6%
Return on Equity
10 Years: 1%
5 Years: -5%
3 Years: -8%
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 Sep 2024
Equity Capital 48 48 48 48 48 48 48 48 48 48 48 48 48
Reserves 455 533 627 761 810 840 888 870 754 713 544 724 707
0 0 0 250 123 104 0 0 0 235 197 193 172
86 96 115 123 157 167 210 403 310 110 413 292 269
Total Liabilities 588 676 789 1,182 1,138 1,158 1,145 1,321 1,112 1,106 1,201 1,256 1,196
120 91 53 371 715 674 693 847 666 641 546 497 449
CWIP 0 0 0 357 66 63 22 1 2 1 1 1 0
Investments 315 433 550 237 117 165 145 236 223 217 283 308 383
153 152 186 217 240 256 285 237 222 248 372 450 364
Total Assets 588 676 789 1,182 1,138 1,158 1,145 1,321 1,112 1,106 1,201 1,256 1,196

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 40 114 127
-115 -98 -89 -338 52 -74 2 -92 13 6 -59 -41
-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 12 47

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 99 105 101 106 116 108 107 153 150 104 124
Inventory Days
Days Payable
Cash Conversion Cycle 107 99 105 101 106 116 108 107 153 150 104 124
Working Capital Days 51 23 24 34 35 41 37 13 27 55 -158 -42
ROCE % 18% 18% 19% 15% 8% 6% 8% 3% -8% -3% -17% 6%

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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