Mehabe score: 3 G Factor: 6 Piotski Score: 8 The stock has a rating . 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 6 and Piotski score of 8.
Description
Zee Media Corporation is mainly engaged in the business of broadcasting of satellite television channels i.e. news / current affairs and regional language channels and sale of television programs.Site:ZEEMEDIAMain Symbol:ZEEMEDIA
Stock trades at 13.4, above its 50dma 10.95. It also trades above its 200dma 8.1. The stock remains bullish on techicals
The 52 week high is at 14.70 and the 52week low is at 4.25
Price Chart
P/E Chart
Sales and Margin
Strengths
– Stock is trading at 1.19 times its book value
– has delivered good profit growth of 63.85% CAGR over last 5 years
Weakness
– Promoter holding has decreased over last quarter: -3.40%
-The company has delivered a poor sales growth of 3.63% over past five years.
-Promoter holding is low: 14.72%
– has a low return on equity of 5.75% for last 3 years.
-Contingent liabilities of Rs.758.29 Cr.
-Promoters have pledged 99.38% of their holding.
Competition
– The industry trades at a mean P/E of 24.0x. Saregama India trades at the industry’s max P/E of 46.1x. ZEEMEDIA trades at a P/E of 7.59x
– Industry’s mean G-Factor is 3.6 while the mean Piotski score is 8.0. ZEEMEDIA has a G-Factor of 6 and Piotski scoreof 8.
– Average 1 month return for industry is 3.3%. The max 1- month return was given by Zee Media: a return of 34.67 %
Quarterly Results
Sales for period ended Jun 2021 is Rs 170.18 cr compared to Rs 132.14 cr for period ended Jun 2020, a rise of 28.8%
Operating Profits reported at Rs 45.31 cr for period ended Jun 2021 vis-vis 40.92 for period ended Jun 2020 .
Operating Margins contracted -434.2 bps for period ended Jun 2021 vis-vis Jun 2020 .
The EPS for Jun 2021 was Rs -0.19 compared to Rs 0.22 for previous quarter ended Mar 2021 and Rs 0.26 for Jun 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 687.0 cr for period ended TTM vis-vis sales of Rs 649.0 cr for the period ended Mar 2021, a growth of 5.5%.
Operating margins shrank to 32.0% for period ended TTM vis-vis 34.0% for period ended Mar 2021, contraction of 200.0 bps.
Net Profit reported at Rs 54.0 cr for period ended TTM vis-vis sales of Rs 76.0 cr for the period ended Mar 2021, falling 0%.
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 improved its Return on Equity (RoE) metric. The RoE on Last Year basis was 19.0% compared to 6.0% over the last 3 Years. – The stock has given a return of 131% on a 1 Year basis vis-vis a return of -23% over the last 3 Years. – The compounded sales growth on a TTM bassis is 3% vis-vis a compounded sales growth of 4% over the last 3 Years. – The compounded profit growth on a TTM basis is 408% vis-vis a compounded profit growth of 61% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Jun 2021 fii holding stood at 10.14% vis-vis 10.22% for Mar 2021 – Public shareholding has risen for the period ended Jun 2021. The Jun 2021 public holding stood at 73.07% vis-vis 69.59% for Mar 2021
Conclusion
– Stock is trading at 1.19 times its book value
– has delivered good profit growth of 63.85% CAGR over last 5 years – Promoter holding has decreased over last quarter: -3.40%
-The company has delivered a poor sales growth of 3.63% over past five years.
-Promoter holding is low: 14.72%
– has a low return on equity of 5.75% for last 3 years.
-Contingent liabilities of Rs.758.29 Cr.
-Promoters have pledged 99.38% of their holding.
