Sun TV Network

₹673.8 -0.8 | 0.1%

WEBSITE BSE:532733 NSE : SUN TVNET 01 Dec, 16:07

Market Cap ₹26551 Cr.

Stock P/E 14.3

P/B 2.6

Current Price ₹673.8

Book Value ₹ 255.8

Face Value 5

52W High ₹688

Dividend Yield 2.23%

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

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Peer Comparison

Sun TV Network Quarterly Results

#(Fig in Cr.)	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
Net Sales	819	849	1060	857	1219	826	887	840	1349	1048
Other Income	59	69	45	56	104	89	98	86	121	112
Total Income	878	918	1106	913	1323	915	985	926	1470	1160
Total Expenditure	332	320	326	293	446	288	303	343	552	321
Operating Profit	546	597	780	620	877	627	682	584	918	840
Interest	2	25	2	5	2	3	2	2	3	2
Depreciation	38	40	158	70	213	80	114	80	90	219
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	506	532	620	546	662	544	567	501	826	619
Provision for Tax	127	134	152	140	164	136	144	126	235	154
Profit After Tax	379	398	468	406	498	408	423	375	591	465
Adjustments	-13	-3	3	5	-4	-1	2	5	1	-0
Profit After Adjustments	365	395	471	410	494	407	425	380	592	465
Adjusted Earnings Per Share	9.3	10	12	10.4	12.5	10.3	10.8	9.6	15	11.8

Sun TV Network Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	1923	2224	2395	2474	2646	2963	3783	3520	3177	3585	3772	4124
Other Income	72	87	99	116	204	142	241	261	308	256	377	417
Total Income	1995	2310	2494	2590	2850	3105	4024	3781	3484	3841	4149	4541
Total Expenditure	514	716	718	741	926	959	1190	1244	1106	1297	1379	1519
Operating Profit	1481	1595	1776	1849	1924	2146	2834	2537	2378	2543	2770	3024
Interest	5	3	2	2	1	1	2	13	27	33	9	9
Depreciation	442	478	615	497	400	450	663	700	404	306	486	503
Exceptional Income / Expenses	0	0	0	18	0	0	0	0	0	0	0	0
Profit Before Tax	1035	1113	1159	1399	1551	1718	2185	1819	1941	2195	2278	2513
Provision for Tax	331	368	376	477	520	582	751	434	416	553	571	659
Profit After Tax	704	745	783	922	1031	1136	1434	1385	1525	1642	1707	1854
Adjustments	5	3	-1	-0	-0	-0	-0	-0	-0	-0	-1	8
Profit After Adjustments	710	748	782	922	1030	1135	1433	1385	1525	1642	1706	1862
Adjusted Earnings Per Share	18	19	19.8	23.4	26.1	28.8	36.4	35.1	38.7	41.7	43.3	47.2

Growth Rates

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

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	36%	15%	3%	6%
ROE Average	20%	22%	24%	25%
ROCE Average	26%	29%	32%	36%

Sun TV Network Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	2785	3189	3442	3474	4028	4688	5526	5724	7054	8155	9272
Minority's Interest	125	41	55	3	4	4	4	5	5	5	6
Borrowings	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	35	30	27	35	65	89	117	167	-279	-202	-178
Total Current Liabilities	287	304	222	247	281	492	549	611	828	665	824
Total Liabilities	3232	3564	3745	3759	4378	5273	6197	6507	7608	8624	9923
Fixed Assets	1377	1373	1179	845	1212	1141	1101	1137	938	1758	1699
Other Non-Current Assets	606	505	562	592	904	1032	1051	1095	1472	1581	2273
Total Current Assets	1249	1685	2004	2322	2263	3100	4045	4274	5198	5285	5951
Total Assets	3232	3564	3745	3759	4378	5273	6197	6507	7608	8624	9923

Sun TV Network Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	52	62	40	398	558	662	264	379	406	214	219
Cash Flow from Operating Activities	869	1195	1162	1299	1296	1371	1824	1656	1464	1634	2096
Cash Flow from Investing Activities	-477	-786	-518	-401	-716	-1295	-1113	-408	-1151	-1027	-1554
Cash Flow from Financing Activities	-382	-431	-635	-737	-475	-475	-596	-1222	-249	-603	-631
Net Cash Inflow / Outflow	10	-22	9	160	104	-399	115	25	63	4	-89
Closing Cash & Cash Equivalent	62	40	48	558	662	264	379	406	469	219	131

Sun TV Network Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	18.01	18.98	19.84	23.39	26.14	28.8	36.37	35.15	38.7	41.66	43.3
CEPS(Rs)	29.08	31.05	35.47	36.01	36.32	40.23	53.2	52.93	48.95	49.43	55.65
DPS(Rs)	9.5	9.5	11.25	15.5	10	10	12.5	25	5	13.75	15
Book NAV/Share(Rs)	70.68	78.55	84.96	88.16	102.22	118.97	140.24	145.25	178.99	206.94	235.27
Core EBITDA Margin(%)	73.28	67.82	70.02	70.05	65	67.63	68.54	64.66	65.18	63.81	63.44
EBIT Margin(%)	54.06	50.21	48.46	56.65	58.66	58.02	57.8	52.05	61.94	62.17	60.65
Pre Tax Margin(%)	53.81	50.07	48.37	56.56	58.62	57.98	57.76	51.69	61.1	61.24	60.4
PAT Margin (%)	36.62	33.51	32.67	37.29	38.96	38.32	37.9	39.36	48.01	45.8	45.25
Cash Profit Margin (%)	59.59	55.02	58.36	57.37	54.09	53.51	55.43	59.26	60.72	54.34	58.14
ROA(%)	22.94	21.93	21.42	24.58	25.33	23.53	25	21.81	21.61	20.23	18.41
ROE(%)	26.58	25.34	24.29	27.04	27.48	26.05	28.07	24.63	23.87	21.59	19.59
ROCE(%)	39.25	37.37	35.02	40.53	41.37	39.44	42.81	32.57	30.8	29.31	26.25
Receivable days	103.68	99.62	105.74	113.15	106.83	113.02	105.97	129.68	160.92	147.63	142.26
Inventory Days	0.1	0.09	0.08	0.12	0.14	0.07	0.02	0	0	0	0
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	21.74	21.19	22.2	16.08	30.58	29.39	17.24	8.13	12.15	11.77	9.6
Price/Book(x)	5.54	5.12	5.19	4.27	7.82	7.12	4.47	1.97	2.63	2.37	1.77
Dividend Yield(%)	2.43	2.36	2.55	4.12	1.25	1.18	1.99	8.75	1.06	2.81	3.61
EV/Net Sales(x)	7.81	6.9	6.97	5.63	11.61	11.13	6.38	3	5.49	5.07	4.18
EV/Core EBITDA(x)	10.13	9.62	9.4	7.53	15.97	15.37	8.51	4.16	7.34	7.15	5.7
Net Sales Growth(%)	4.11	15.63	7.72	3.27	6.96	11.99	27.66	-6.94	-9.74	12.84	5.22
EBIT Growth(%)	1.89	7.38	3.98	20.71	10.75	10.77	27.19	-16.2	7.41	13.25	2.65
PAT Growth(%)	3.12	5.83	5.01	17.85	11.75	10.17	26.26	-3.36	10.09	7.65	3.96
EPS Growth(%)	2.4	5.42	4.55	17.88	11.76	10.18	26.27	-3.36	10.1	7.66	3.94
Debt/Equity(x)	0	0	0	0	0	0	0	0	0	0	0
Current Ratio(x)	4.35	5.55	9.03	9.39	8.06	6.3	7.37	7	6.28	7.94	7.23
Quick Ratio(x)	4.35	5.54	9.03	9.38	8.06	6.3	7.37	7	6.28	7.94	7.23
Interest Cover(x)	213.04	379.72	506.92	639.86	1506.75	1591.69	1325.08	143.7	73.26	67.03	242.84
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0	0	0

Sun TV Network Shareholding Pattern

#	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
Promoter	75	75	75	75	75	75	75	75	75	75
FII	7.73	8.09	8.95	9.21	9.32	9.79	10.44	10.56	10.39	10.58
DII	3.62	3.32	2.92	4.18	4.72	3.93	3.79	3.6	3.67	4.47
Public	13.64	13.59	13.13	11.61	10.95	11.28	10.77	10.83	10.95	9.96
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
Promoter	29.56	29.56	29.56	29.56	29.56	29.56	29.56	29.56	29.56	29.56
FII	3.05	3.19	3.53	3.63	3.67	3.86	4.11	4.16	4.09	4.17
DII	1.43	1.31	1.15	1.65	1.86	1.55	1.49	1.42	1.44	1.76
Public	5.38	5.35	5.18	4.58	4.32	4.44	4.24	4.27	4.31	3.92
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 22%
Company is almost debt free.

Cons

The company has delivered a poor profit growth of 8% 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.