Siti Networks Ltd

₹ 0.88 0.00%

22 Nov - close price

sitinetworks.com BSE: 532795 NSE: SITINET

About

Incorporated in 1992, SITI Networks Ltd is in the distribution of television channels through digital cable distribution network and allied services^[1]

Key Points

Business Overview:^[1]
SITINL is a part of the Essel Group. It is a Multi System Operator with 15 digital head ends and a network of 33,000+ Km of optical fibre and coaxial cable, 1.2 Gbps links in pan-India to carry digital TV signals and over 24,000 LCO partners across India. Company provides its cable services in ~800 Locations and adjoining areas and has 500 IP points to serve a customer base of 45+ million active customers

Website BSE NSE - BE

Market Cap ₹ 75.9 Cr.
Current Price ₹ 0.88
High / Low ₹ 1.15 / 0.50
Stock P/E
Book Value ₹ -11.0
Dividend Yield 0.00 %
ROCE -1,304 %
ROE %
Face Value ₹ 1.00

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Pros

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -2.19% over past five years.
Promoter holding is low: 6.10%
Contingent liabilities of Rs.350 Cr.
Earnings include an other income of Rs.98.3 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

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Detailed Comparison with:

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
	380.57	358.43	362.61	365.22	359.59	330.68	341.66	335.46	337.55	321.98	312.12	322.66	283.29
	347.19	307.92	316.47	318.32	317.44	302.02	310.01	310.02	304.40	321.42	306.17	310.22	339.93
Operating Profit	33.38	50.51	46.14	46.90	42.15	28.66	31.65	25.44	33.15	0.56	5.95	12.44	-56.64
OPM %	8.77%	14.09%	12.72%	12.84%	11.72%	8.67%	9.26%	7.58%	9.82%	0.17%	1.91%	3.86%	-19.99%
	-13.96	3.73	4.07	1.17	-2.54	2.98	8.61	10.20	4.85	2.44	3.43	3.73	76.49
Interest	30.61	30.34	31.36	29.68	29.02	30.17	28.81	28.44	28.05	27.39	24.71	24.45	-5.80
Depreciation	93.48	79.04	80.49	78.61	92.57	78.98	77.89	75.20	112.30	74.14	69.65	63.06	25.53
Profit before tax	-104.67	-55.14	-61.64	-60.22	-81.98	-77.51	-66.44	-68.00	-102.35	-98.53	-84.98	-71.34	0.12
Tax %	-0.69%	2.90%	3.00%	2.23%	-3.43%	-0.26%	2.57%	1.46%	-1.34%	-1.45%	-1.20%	2.19%	-7,725.00%
	-103.95	-56.75	-63.48	-61.57	-79.17	-77.31	-68.16	-68.99	-100.98	-97.11	-83.97	-72.90	9.40
EPS in Rs	-1.10	-0.66	-0.69	-0.69	-0.86	-0.84	-0.76	-0.74	-0.88	-1.00	-0.91	-0.80	0.22
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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
	464	697	906	1,146	1,195	1,410	1,442	1,608	1,537	1,446	1,345	1,291
	391	583	768	900	992	1,100	1,119	1,294	1,294	1,254	1,225	1,262
Operating Profit	73	114	138	246	203	311	323	314	243	192	120	29
OPM %	16%	16%	15%	21%	17%	22%	22%	20%	16%	13%	9%	2%
	13	12	30	23	6	-3	-42	-35	-11	0	25	98
Interest	86	119	121	140	127	140	171	158	126	120	115	82
Depreciation	56	84	133	165	241	326	365	346	349	331	344	258
Profit before tax	-56	-77	-85	-36	-160	-158	-254	-224	-243	-259	-314	-212
Tax %	8%	8%	20%	14%	12%	7%	4%	-4%	-1%	1%	0%	-3%
	-61	-83	-102	-41	-179	-170	-264	-214	-241	-261	-315	-205
EPS in Rs	-1.42	-1.81	-1.61	-0.60	-2.16	-2.22	-3.05	-2.32	-2.75	-2.89	-3.21	-2.11
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	6%
5 Years:	-2%
3 Years:	-6%
TTM:	-4%

Compounded Profit Growth
10 Years:	%
5 Years:	-5%
3 Years:	-6%
TTM:	10%

Stock Price CAGR
10 Years:	-29%
5 Years:	-15%
3 Years:	-30%
1 Year:	17%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

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	45	52	68	79	87	87	87	87	87	87	87	87
Reserves	-192	-126	115	442	450	256	111	-92	-332	-584	-863	-1,047
	909	1,262	1,395	1,135	1,371	1,448	1,454	1,179	1,018	983	919	773
	433	634	658	1,275	1,231	1,298	1,161	1,201	1,085	1,168	1,267	1,512
Total Liabilities	1,196	1,823	2,236	2,931	3,139	3,089	2,813	2,375	1,858	1,654	1,410	1,326
	451	768	895	1,389	1,711	2,031	1,762	1,508	1,236	1,007	732	513
CWIP	69	170	199	538	429	153	99	59	55	86	61	69
Investments	2	2	2	2	5	5	15	20	11	14	2	80
	674	883	1,141	1,001	993	901	937	788	555	547	615	663
Total Assets	1,196	1,823	2,236	2,931	3,139	3,089	2,813	2,375	1,858	1,654	1,410	1,326

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	164	122	390	137	341	437	504	299	184	181	410
	-408	-461	-293	-636	-624	-387	-185	-42	-139	-182	-64	-214
	470	523	249	184	290	-32	-274	-358	-225	-51	-76	-227
Net Cash Flow	-21	225	78	-62	-197	-77	-22	104	-64	-50	41	-31

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	76	102	132	83	111	95	100	68	55	64	68	75
Inventory Days
Days Payable
Cash Conversion Cycle	76	102	132	83	111	95	100	68	55	64	68	75
Working Capital Days	-51	-66	-123	-205	-131	-222	-170	-242	-128	-156	-211	-267
ROCE %	5%	4%	3%	6%	-1%	0%	-1%	-1%	-8%	-17%	-50%	-1,304%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	6.10%	6.10%	6.10%	6.10%	6.10%	6.10%	6.10%	6.10%	6.10%	6.10%	6.10%	6.10%
	9.56%	7.89%	7.31%	7.31%	5.49%	3.99%	3.99%	3.96%	2.05%	2.05%	2.05%	2.05%
	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	2.43%	2.43%	2.43%	2.43%	2.43%
	84.33%	86.00%	86.59%	86.58%	88.41%	89.90%	89.89%	87.51%	89.42%	89.42%	89.41%	89.43%
No. of Shareholders	1,54,865	1,88,781	1,90,468	1,88,753	1,91,425	1,88,717	1,87,464	1,85,468	1,85,009	1,92,855	2,16,870	2,31,232

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	70.99%	73.57%	73.45%	65.68%	65.68%	6.10%	6.10%	6.10%	6.10%	6.10%
	0.00%	12.53%	12.30%	12.07%	11.84%	12.52%	7.89%	3.99%	2.05%	2.05%
	19.30%	5.51%	4.37%	3.94%	3.93%	0.00%	0.01%	0.00%	2.43%	2.43%
	9.71%	8.39%	9.89%	18.32%	18.55%	81.37%	86.00%	89.90%	89.42%	89.43%
No. of Shareholders	1,08,734	99,550	91,726	89,453	88,103	1,19,515	1,88,781	1,88,717	1,92,855	2,31,232

* 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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