HINDUSTAN MEDIA VENT. 2017-18 Annual Report Analysis

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

HINDUSTAN MEDIA VENT. 2017-18 Annual Report Analysis
Thu, 10 Jan

HINDUSTAN MEDIA VENT. has announced its results for the year ended March 2018. Let us have a look at the detailed performance review of the company during FY17-18.

HINDUSTAN MEDIA VENT. Income Statement Analysis

  • Operating income during the year fell 5.7% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 11.9% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 20.6% in FY18 as against 22.0% in FY17.
  • Depreciation charges decreased by 2.7% and finance costs decreased by 29.8% YoY, respectively.
  • Other income grew by 0.5% YoY.
  • Net profit for the year declined by 7.5% YoY.
  • Net profit margins during the year declined from 18.5% in FY17 to 18.0% in FY18.

HINDUSTAN MEDIA VENT. Income Statement 2017-18

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Net Sales Rs m 9,333 8,801 -5.7%
Other income Rs m 921 925 0.5%
Total Revenues Rs m 10,253 9,726 -5.1%
Gross profit Rs m 2,055 1,811 -11.9%
Depreciation Rs m 202 197 -2.7%
Interest Rs m 161 113 -29.8%
Profit before tax Rs m 2,612 2,426 -7.1%
Tax Rs m 676 583 -13.8%
Profit after tax Rs m 1,895 1,753 -7.5%
Gross profit margin % 22.0 20.6
Effective tax rate % 25.9 24.0
Net profit margin % 18.5 18.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



HINDUSTAN MEDIA VENT. Balance Sheet Analysis

  • The company's current liabilities during FY18 stood at Rs 3 billion as compared to Rs 3 billion in FY17, thereby witnessing an increase of 6.1%.
  • Current assets rose 120% and stood at Rs 7 billion, while fixed assets fell 5% and stood at Rs 2 billion in FY18.
  • Overall, the total assets and liabilities for FY18 stood at Rs 17 billion as against Rs 15 billion during FY17, thereby witnessing a growth of 12%.

HINDUSTAN MEDIA VENT. Balance Sheet as on March 2018

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Networth Rs m 11,668 13,317 14.1
 
Current Liabilities Rs m 2,756 2,925 6.1
Long-term Debt Rs m 0 0 0.0
Total Liabilities Rs m 14,672 16,502 12.5
 
Current assets Rs m 3,249 7,140 119.8
Fixed Assets Rs m 1,735 1,655 -4.6
Total Assets Rs m 14,672 16,502 12.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



HINDUSTAN MEDIA VENT. Cash Flow Statement Analysis

  • HINDUSTAN MEDIA VENT.'s cash flow from operating activities (CFO) during FY18 stood at Rs 1 billion on a YoY basis.
  • Cash flow from investing activities (CFI) during FY18 stood at Rs -809 million, an improvement of 18.3% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY18 stood at Rs -231 million, an improvement of 71% on a YoY basis.
  • Overall, net cash flows for the company during FY18 stood at Rs 182 million from the Rs -68 million net cash flows seen during FY17.

HINDUSTAN MEDIA VENT. Cash Flow Statement 2017-18

Particulars No. of months 12 12 % Change
Year Ending Mar-17 Mar-18
Cash Flow from Operating Activities Rs m 1,427 1,222 -14.3%
Cash Flow from Investing Activities Rs m -683 -809 -
Cash Flow from Financing Activities Rs m -811 -231 -
Net Cash Flow Rs m -68 182 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Current Valuations for HINDUSTAN MEDIA VENT.

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 23.9, an decline from the EPS of Rs 25.8 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 130.6, stands at 6.7 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 1.4 times, while the price to sales ratio stands at 2.1 times.
  • The company's price to cash flow (P/CF) ratio stood at 4.7 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-17* 12 Mar-18*
Sales per share (Unadj.) Rs 127.2 119.9
TTM Earnings per share Rs 25.8 23.9
Diluted earnings per share Rs 25.8 23.9
Price to Cash Flow x 4.5 4.7
TTM P/E ratio x 6.7 6.7
Price / Book Value ratio x 1.8 1.4
Market Cap Rs m 9,581 9,581
Dividends per share (Unadj.) Rs 1.2 1.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Ratio Analysis for HINDUSTAN MEDIA VENT.

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 2.4x during FY18, from 1.2x during FY17. The current ratio measures the company's ability to pay short-term and long-term obligations.

    Interest Coverage Ratio: The company's interest coverage ratio deteriorated and stood at 22.4x during FY18, from 17.2x during FY17. The interest coverage ratio of a company states how easily a company can pay its interest expense on outstanding debt. A higher ratio is preferable.

  • Profitability Ratios
  • Return on Equity (ROE): The ROE for the company declined and down at 13.2% during FY18, from 16.2% during FY18. The ROE measures the ability of a firm to generate profits from its shareholders capital in the company.

    Return on Capital Employed (ROCE): The ROCE for the company declined and down at 18.4% during FY18, from 23.4% during FY17. The ROCE measures the ability of a firm to generate profits from its total capital (shareholder capital plus debt capital) employed in the company.

    Return on Assets (ROA): The ROA of the company declined and down at 11.3% during FY18, from 14.0% during FY17. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-17* 12 Mar-18*
Current ratio x 1.2 2.4
Debtors’ Days Days 45 58
Interest coverage x 17.2 22.4
Debt to equity ratio x 0.0 0.0
Return on assets % 14.0 11.3
Return on equity % 16.2 13.2
Return on capital employed % 23.4 18.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



To see how HINDUSTAN MEDIA VENT. has performed over the last 5 years, please visit here.

HINDUSTAN MEDIA VENT. Share Price Performance

Over the last one year, HINDUSTAN MEDIA VENT. share price has moved up from Rs 263.2 to Rs 130.6, registering a loss of Rs 132.7 or around 50.4%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,121.0 (up 0.2%). Over the last one year it has moved up from 6,525.5 to 7,121.0, a gain of 596 points (up 9.1%).

Overall, the S&P BSE SENSEX is up 5.2% over the year.

(To know more, check out historical annual results for HINDUSTAN MEDIA VENT. and quarterly results for HINDUSTAN MEDIA VENT.)

Equitymaster requests your view! Post a comment on "HINDUSTAN MEDIA VENT. 2017-18 Annual Report Analysis". Click here!

  

Related Views on News

HINDUSTAN MEDIA VENTURES Announces Quarterly Results (2QFY20); Net Profit Up 57.6% (Quarterly Result Update)

Nov 4, 2019 | Updated on Nov 4, 2019

For the quarter ended September 2019, HINDUSTAN MEDIA VENTURES has posted a net profit of Rs 206 m (up 57.6% YoY). Sales on the other hand came in at Rs 2 bn (down 6.3% YoY). Read on for a complete analysis of HINDUSTAN MEDIA VENTURES's quarterly results.

HINDUSTAN MEDIA VENTURES Announces Quarterly Results (4QFY19); Net Profit Down 59.1% (Quarterly Result Update)

May 10, 2019 | Updated on May 10, 2019

For the quarter ended March 2019, HINDUSTAN MEDIA VENTURES has posted a net profit of Rs 165 m (down 59.1% YoY). Sales on the other hand came in at Rs 2 bn (up 5.3% YoY). Read on for a complete analysis of HINDUSTAN MEDIA VENTURES's quarterly results.

More Views on News

Most Popular

Could this Smallcap Be the Next Page Industries?(Profit Hunter)

Nov 27, 2019

A single stock - Coca Cola, made Buffett billions. Here's your chance to break into the crorepati club with a single smallcap stock investment.

How We Made 12.68% in One Overnight Trade(The 5 Minute Wrapup)

Nov 25, 2019

This one trade had my subscribers laughing all the way to the bank.

A Simple, 7-Step Checklist for Your Trading Success

Dec 4, 2019

What we can learn from one of the greatest traders to have ever lived.

Growth Stocks or Value Stocks... What Will Make You More Money in this Bull Market?(Profit Hunter)

Nov 28, 2019

Should you invest in growth stocks or value stocks to make strong returns in this market?

Two Trends to Look at as Sensex Crosses 41,000 Levels(Views On News)

Nov 26, 2019

The two trends that are playing out as Sensex touches new record high.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2020
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

TRACK HINDUSTAN MEDIA VENTURES

  • Track your investment in HINDUSTAN MEDIA VENTURES with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON HINDUSTAN MEDIA VENTURES

HINDUSTAN MEDIA VENTURES 8-QTR ANALYSIS

COMPARE HINDUSTAN MEDIA VENTURES WITH

MARKET STATS