Mehabe score: 1 G Factor: 5 Piotski Score: 6 The stock has a rating HOLD. The mehabe team score is reflective of its fundamental and technical merits. A rating above 8 is considered good buy. The stock has a G-Factor of 5 and Piotski score of 6.
Description
TV Today Network is primarily engaged in broadcasting television news channels, radio stations and newspaper publishing in India.(Source : 202003-01 Annual Report Page No:153)Site:TVTODAYMain Symbol:TVTODAY
Stock trades at 289.0, below its 50dma 298.15. However it is trading above its 200dma 271.71. The stock remains weak in the short term due to near term bearish momentum. However overall bullish structure remains intact. Price action will further build up as it moves above its dma50, currently situated at 298.15.
The 52 week high is at 380.00 and the 52week low is at 182.30
Price Chart
P/E Chart
Sales and Margin
Strengths
– is almost debt free.
– has been maintaining a healthy dividend payout of 38.94%
Weakness
– The company has delivered a poor sales growth of 6.13% over past five years.
Competition
– The industry trades at a mean P/E of 13.7x. Jagran Prakashan trades at the industry’s max P/E of 19.4x. TVTODAY trades at a P/E of 13.1x
– Industry’s mean G-Factor is 3.6 while the mean Piotski score is 7.0. TVTODAY has a G-Factor of 5 and Piotski scoreof 6.
– Average 1 month return for industry is -1.9%. The max 1- month return was given by NDTV: a return of 15.46 %
Quarterly Results
Sales for period ended Mar 2021 is Rs 214.0 cr compared to Rs 208.0 cr for period ended Mar 2020, a rise of 2.9%
Operating Profits reported at Rs 50.0 cr for period ended Mar 2021 vis-vis 47.0 for period ended Mar 2020 .
Operating Margins expanded 76.8 bps for period ended Mar 2021 vis-vis Mar 2020 .
The EPS for Mar 2021 was Rs 6.07 compared to Rs 9.18 for previous quarter ended Dec 2020 and Rs 4.66 for Mar 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 783.0 cr for period ended Mar 2021 vis-vis sales of Rs 857.0 cr for the period ended Mar 2020, a fall of 9.5%. The 3 year sales cagr stood at 2.8%.
Net Profit reported at Rs 132.0 cr for period ended Mar 2021 vis-vis sales of Rs 139.0 cr for the period ended Mar 2020, falling 5.3%.
Company recorded a Net Profit CAGR of 3.5% over the last 3 years
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities was positive.
Sales Growth
Profit Growth Statement
Profit Growth Statement
Stock Price CAGR
Return of Equity
General Comments
– The company has had stable/constant Return on Equity (RoE) metric. The RoE on Last Year basis was 14.0% compared to 16.0% over the last 3 Years. – The stock has given a return of 38% on a 1 Year basis vis-vis a return of -12% over the last 3 Years. – The compounded sales growth on a TTM bassis is -9% vis-vis a compounded sales growth of 3% over the last 3 Years. – The compounded profit growth on a TTM basis is -6% vis-vis a compounded profit growth of 1% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Jun 2021 fii holding stood at 6.97% vis-vis 8.79% for Mar 2021 – Public shareholding has remained largely constant. The Jun 2021 public holding stood at 20.4% vis-vis 18.57% for Mar 2021
Conclusion
– is almost debt free.
– has been maintaining a healthy dividend payout of 38.94% – The company has delivered a poor sales growth of 6.13% over past five years.
The business fundamentals of the stock remain stable. Stronger near term results will build interest in the stock. We suggest to wait for a upturn in business performance.
Technically, the stock remains below its 50 DMA 298.15 and is trading at 289.0. Shows a near term lack of buying interest.
