Sun TV Network

₹443.1 -5.5 | 1.2%

WEBSITE BSE:532733 NSE : SUN TVNET 09 Jun, 14:03

Market Cap ₹17439 Cr.

Stock P/E 10.3

P/B 1.9

Current Price ₹443.1

Book Value ₹ 235.3

Face Value 5

52W High ₹568.2

Dividend Yield 3.39%

52W Low ₹ 393.8

Edit Ratio

Sun TV Network Research see more...

Overview Inc. Year: 1985Industry: TV Broadcasting & Software Production

Sun TV Network Ltd is an India-based tv broadcaster. The Company operates via Media and Entertainment section. It operates its satellite television (TV) channels throughout five languages. The Company operates television channels in four South Indian languages and additionally in Bangla to viewers in India, and additionally to visitors in Sri Lanka, Singapore, Malaysia, United Kingdom, Europe, Middle East, United States, Australia, South Africa and Canada. The Company's channel is Sun TV. Its other satellite channels are Udaya TV, Sun Bangla, Surya TV, and Gemini TV. The Company is likewise into the commercial enterprise of frequency modulation (FM) radio broadcasting at Chennai, Coimbatore and Tirunelveli. It produces its personal content/acquires the related rights. It additionally has the license to operate an Indian Premier League franchise Sun Risers Hyderabad. The Company has license to function over 24 Frequency Modulation (FM) stations in South India. It also operates an OTT platform, by the name SUNNXT.

Sun TV Network Share Price

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

Show Value Show %

Peer Comparison

Sun TV Network Quarterly Results

#(Fig in Cr.)	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Net Sales	994	803	819	849	1060	857	1219	826	887	840
Other Income	65	77	59	69	45	56	104	89	98	86
Total Income	1059	880	878	918	1106	913	1323	915	985	926
Total Expenditure	386	252	332	320	326	293	446	288	303	343
Operating Profit	673	628	546	597	780	620	877	627	682	584
Interest	3	18	2	25	2	5	2	3	2	2
Depreciation	74	82	38	40	158	70	213	80	114	80
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	596	528	506	532	620	546	662	544	567	501
Provision for Tax	151	56	127	134	152	140	164	136	144	126
Profit After Tax	446	472	379	398	468	406	498	408	423	375
Adjustments	-0	15	-13	-3	3	5	-4	-1	2	5
Profit After Adjustments	446	487	365	395	471	410	494	407	425	380
Adjusted Earnings Per Share	11.3	12.4	9.3	10	12	10.4	12.5	10.3	10.8	9.6

Sun TV Network Profit & Loss

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	1847	1923	2224	2395	2474	2646	2963	3783	3520	3177	3585	3772
Other Income	80	72	87	99	116	204	142	241	261	308	256	377
Total Income	1927	1995	2310	2494	2590	2850	3105	4024	3781	3484	3841	4149
Total Expenditure	433	514	716	718	741	926	959	1190	1244	1106	1297	1380
Operating Profit	1494	1481	1595	1776	1849	1924	2146	2834	2537	2378	2543	2770
Interest	6	5	3	2	2	1	1	2	13	27	33	9
Depreciation	474	442	478	615	497	400	450	663	700	404	306	487
Exceptional Income / Expenses	0	0	0	0	18	0	0	0	0	0	0	0
Profit Before Tax	1015	1035	1113	1159	1399	1551	1718	2185	1819	1941	2195	2274
Provision for Tax	332	331	368	376	477	520	582	751	434	416	553	570
Profit After Tax	683	704	745	783	922	1031	1136	1434	1385	1525	1642	1704
Adjustments	10	5	3	-1	-0	-0	-0	-0	-0	-0	-0	2
Profit After Adjustments	693	710	748	782	922	1030	1135	1433	1385	1525	1642	1706
Adjusted Earnings Per Share	17.6	18	19	19.8	23.4	26.1	28.8	36.4	35.1	38.7	41.7	43.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	13%	-2%	6%	7%
Operating Profit CAGR	7%	-4%	6%	5%
PAT CAGR	8%	5%	10%	9%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	1%	4%	-14%	0%
ROE Average	22%	23%	25%	26%
ROCE Average	29%	31%	35%	37%

Sun TV Network Balance Sheet

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	2512	2785	3189	3442	3474	4028	4688	5526	5724	7054	8155
Minority's Interest	123	125	41	55	3	4	4	4	5	5	5
Borrowings	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	44	35	30	27	35	65	89	117	167	-279	-202
Total Current Liabilities	227	287	304	222	247	281	492	549	611	828	665
Total Liabilities	2906	3232	3564	3745	3759	4378	5273	6197	6507	7608	8624
Fixed Assets	1246	1377	1373	1179	845	1212	1141	1101	1137	938	1758
Other Non-Current Assets	690	606	505	562	592	904	1032	1051	1095	1472	1581
Total Current Assets	970	1249	1685	2004	2322	2263	3100	4045	4274	5198	5285
Total Assets	2906	3232	3564	3745	3759	4378	5273	6197	6507	7608	8624

Sun TV Network Cash Flow

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	99	52	62	40	398	558	662	264	379	406	469
Cash Flow from Operating Activities	876	869	1195	1162	1299	1296	1371	1824	1656	1464	1634
Cash Flow from Investing Activities	-346	-477	-786	-518	-401	-716	-1295	-1113	-408	-1151	-987
Cash Flow from Financing Activities	-578	-382	-431	-635	-737	-475	-475	-596	-1222	-249	-603
Net Cash Inflow / Outflow	-48	10	-22	9	160	104	-399	115	25	63	43
Closing Cash & Cash Equivalent	52	62	40	48	558	662	264	379	406	469	513

Sun TV Network Ratios

#	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	17.58	18.01	18.98	19.84	23.39	26.14	28.8	36.37	35.15	38.7	41.66
CEPS(Rs)	29.34	29.08	31.05	35.47	36.01	36.32	40.23	53.2	52.93	48.95	49.43
DPS(Rs)	9.5	9.5	9.5	11.25	15.5	10	10	12.5	25	5	13.75
Book NAV/Share(Rs)	63.74	70.68	78.55	84.96	88.16	102.22	118.97	140.24	145.25	178.99	206.94
Core EBITDA Margin(%)	76.57	73.28	67.82	70.02	70.05	65	67.63	68.54	64.66	65.18	63.81
EBIT Margin(%)	55.24	54.06	50.21	48.46	56.65	58.66	58.02	57.8	52.05	61.94	62.17
Pre Tax Margin(%)	54.92	53.81	50.07	48.37	56.56	58.62	57.98	57.76	51.69	61.1	61.24
PAT Margin (%)	36.97	36.62	33.51	32.67	37.29	38.96	38.32	37.9	39.36	48.01	45.8
Cash Profit Margin (%)	62.6	59.59	55.02	58.36	57.37	54.09	53.51	55.43	59.26	60.72	54.34
ROA(%)	23.66	22.94	21.93	21.42	24.58	25.33	23.53	25	21.81	21.61	20.23
ROE(%)	28.66	26.58	25.34	24.29	27.04	27.48	26.05	28.07	24.63	23.87	21.59
ROCE(%)	42.82	39.25	37.37	35.02	40.53	41.37	39.44	42.81	32.57	30.8	29.31
Receivable days	92.69	103.68	99.62	105.74	113.15	106.83	113.02	105.97	129.68	160.92	146.04
Inventory Days	0.19	0.1	0.09	0.08	0.12	0.14	0.07	0.02	0	0	0
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	17.81	21.74	21.19	22.2	16.08	30.58	29.39	17.24	8.13	12.15	11.77
Price/Book(x)	4.91	5.54	5.12	5.19	4.27	7.82	7.12	4.47	1.97	2.63	2.37
Dividend Yield(%)	3.03	2.43	2.36	2.55	4.12	1.25	1.18	1.99	8.75	1.06	2.81
EV/Net Sales(x)	6.51	7.81	6.9	6.97	5.63	11.61	11.13	6.38	3	5.49	5.07
EV/Core EBITDA(x)	8.05	10.13	9.62	9.4	7.53	15.97	15.37	8.51	4.16	7.34	7.15
Net Sales Growth(%)	-8.26	4.11	15.63	7.72	3.27	6.96	11.99	27.66	-6.94	-9.74	12.84
EBIT Growth(%)	-10.97	1.89	7.38	3.98	20.71	10.75	10.77	27.19	-16.2	7.41	13.25
PAT Growth(%)	-10.24	3.12	5.83	5.01	17.85	11.75	10.17	26.26	-3.36	10.09	7.65
EPS Growth(%)	-9.98	2.4	5.42	4.55	17.88	11.76	10.18	26.27	-3.36	10.1	7.66
Debt/Equity(x)	0	0	0	0	0	0	0	0	0	0	0
Current Ratio(x)	4.27	4.35	5.55	9.03	9.39	8.06	6.3	7.37	7	6.28	7.94
Quick Ratio(x)	4.26	4.35	5.54	9.03	9.38	8.06	6.3	7.37	7	6.28	7.94
Interest Cover(x)	175.31	213.04	379.72	506.92	639.86	1506.75	1591.69	1325.08	143.7	73.26	67.03
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0	0	0

Sun TV Network Shareholding Pattern

#	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Promoter	75	75	75	75	75	75	75	75	75	75
FII	9.44	8.98	7.73	8.09	8.95	9.21	9.32	9.79	10.44	10.56
DII	5.03	4.05	3.62	3.32	2.92	4.18	4.72	3.93	3.79	3.6
Public	10.53	11.97	13.64	13.59	13.13	11.61	10.95	11.28	10.77	10.83
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Promoter	29.56	29.56	29.56	29.56	29.56	29.56	29.56	29.56	29.56	29.56
FII	3.72	3.54	3.05	3.19	3.53	3.63	3.67	3.86	4.11	4.16
DII	1.98	1.6	1.43	1.31	1.15	1.65	1.86	1.55	1.49	1.42
Public	4.15	4.72	5.38	5.35	5.18	4.58	4.32	4.44	4.24	4.27
Others	0	0	0	0	0	0	0	0	0	0
Total	39.41	39.41	39.41	39.41	39.41	39.41	39.41	39.41	39.41	39.41

Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 23%
Company is almost debt free.

Cons

The company has delivered a poor profit growth of 9% over past five years.

* 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.