X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
TV TODAY NETWORK 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?  

TV TODAY NETWORK 2017-18 Annual Report Analysis
Wed, 19 Sep

TV TODAY NETWORK 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.

TV TODAY NETWORK Income Statement Analysis

  • Operating income during the year rose 10.5% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 28.0% YoY during the fiscal. Operating profit margins witnessed a rise and up at 28.8% in FY18 as against 24.9% in FY17.
  • Depreciation charges increased by 7.1% and finance costs decreased by 55.5% YoY, respectively.
  • Other income grew by 14.4% YoY.
  • Net profit for the year grew by 18.4% YoY.
  • Net profit margins during the year grew from 14.9% in FY17 to 16.0% in FY18.

TV TODAY NETWORK Income Statement 2017-18

No. of Mths Year Ending12 Mar-17*12 Mar-18*% Change
Net SalesRs m6,5237,20910.5%
Other incomeRs m21424514.4%
Total RevenuesRs m6,7377,45410.6%
Gross profitRs m1,6242,07928.0%
DepreciationRs m2943147.1%
InterestRs m8437-55.5%
Profit before taxRs m1,4611,97235.0%
TaxRs m54164519.1%
Profit after taxRs m1,0051,18918.4%
Gross profit margin%24.928.8
Effective tax rate%37.132.7
Net profit margin%14.916.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



TV TODAY NETWORK Balance Sheet Analysis

  • The company's current liabilities during FY18 down at Rs 2 billion as compared to Rs 2 billion in FY17, thereby witnessing an decrease of -6.2%.
  • Current assets fell 10% and stood at Rs 5 billion, while fixed assets rose 25% and stood at Rs 3 billion in FY18.
  • Overall, the total assets and liabilities for FY18 stood at Rs 8 billion as against Rs 8 billion during FY17, thereby witnessing a growth of 9%.

TV TODAY NETWORK Balance Sheet as on March 2018

No. of Mths Year Ending12 Mar-17*12 Mar-18*% Change
NetworthRs m5,8106,61713.9
 
Current LiabilitiesRs m1,7041,599-6.2
Long-term DebtRs m520-100.0
Total LiabilitiesRs m7,6808,3428.6
 
Current assetsRs m5,0774,564-10.1
Fixed AssetsRs m 2,0842,60525.0
Total AssetsRs m7,6808,3428.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



TV TODAY NETWORK Cash Flow Statement Analysis

  • TV TODAY NETWORK's cash flow from operating activities (CFO) during FY18 stood at Rs 2 billion, an improvement of 31.2% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY18 stood at Rs -993 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY18 stood at Rs -587 million on a YoY basis.
  • Overall, net cash flows for the company during FY18 stood at Rs -4 million from the Rs 10 million net cash flows seen during FY17.

TV TODAY NETWORK Cash Flow Statement 2017-18

ParticularsNo. of months1212% Change
Year EndingMar-17Mar-18
Cash Flow from Operating ActivitiesRs m1,2011,57631.2%
Cash Flow from Investing ActivitiesRs m-1,031-993-
Cash Flow from Financing ActivitiesRs m-161-587-
Net Cash FlowRs m10-4-
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Current Valuations for TV TODAY NETWORK

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 19.9, an improvement from the EPS of Rs 16.8 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 428.8, stands at 18.4 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 3.5 times, while the price to sales ratio stands at 3.2 times.
  • The company's price to cash flow (P/CF) ratio stood at 17.0 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending12 Mar-17*12 Mar-18*
Sales per share (Unadj.)Rs109.4120.9
TTM Earnings per shareRs16.819.9
Diluted earnings per shareRs16.819.9
Price to Cash Flow x19.717.0
TTM P/E ratiox18.418.4
Price / Book Value ratiox3.13.5
Market CapRs m25,57825,577
Dividends per share (Unadj.)Rs2.02.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Ratio Analysis for TV TODAY NETWORK

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 2.9x during FY18, from 3.0x 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 53.7x during FY18, from 18.4x 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 improved and stood at 18.0% during FY18, from 17.3% 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 improved and stood at 28.3% during FY18, from 27.8% 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 improved and stood at 14.7% during FY18, from 14.2% during FY17. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending12 Mar-17*12 Mar-18*
Current ratiox3.02.9
Debtors’ DaysDays10094
Interest coveragex18.453.7
Debt to equity ratiox0.00.0
Return on assets%14.214.7
Return on equity%17.318.0
Return on capital employed%27.828.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



To see how TV TODAY NETWORK has performed over the last 5 years, please visit here.

TV TODAY NETWORK Share Price Performance

Over the last one year, TV TODAY NETWORK share price has moved up from Rs 328.7 to Rs 428.8, registering a gain of Rs 100.1 or around 30.5%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,797.9 (up 0.3%). Over the last one year it has moved up from 5,731.1 to 7,797.9, a gain of 2,067 points (up 36.1%).

Overall, the S&P BSE SENSEX is up 15.4% over the year.

(To know more, check out historical annual results for TV TODAY NETWORK and quarterly results for TV TODAY NETWORK)

Equitymaster requests your view! Post a comment on "TV TODAY NETWORK 2017-18 Annual Report Analysis". Click here!

  

Related Views on News

TV TODAY NETWORK Announces Quarterly Results (3QFY19); Net Profit Up 9.7% (Quarterly Result Update)

Feb 15, 2019 | Updated on Feb 15, 2019

For the quarter ended December 2018, TV TODAY NETWORK has posted a net profit of Rs 392 m (up 9.7% YoY). Sales on the other hand came in at Rs 2 bn (up 14.9% YoY). Read on for a complete analysis of TV TODAY NETWORK's quarterly results.

TV TODAY NETWORK Announces Quarterly Results (2QFY19); Net Profit Down 0.5% (Quarterly Result Update)

Nov 12, 2018 | Updated on Nov 12, 2018

For the quarter ended September 2018, TV TODAY NETWORK has posted a net profit of Rs 295 m (down 0.5% YoY). Sales on the other hand came in at Rs 2 bn (up 13.1% YoY). Read on for a complete analysis of TV TODAY NETWORK's quarterly results.

GTPL Hathway Ltd. (IPO)

Jun 21, 2017

Should one subscribe to the IPO of GTPL Hathway Ltd?

S Chand and Company Ltd. (IPO)

Apr 26, 2017

Should you subscribe to the IPO of S Chand and Company Limited?

More Views on News

Most Popular

The One Real Estate Stock to Buy Now(The 5 Minute Wrapup)

Feb 13, 2019

The real estate sector is ready to make a comeback. This is the stock to consider buying.

Don't Be Afraid of the Market; Buy Stocks Like This One(The 5 Minute Wrapup)

Feb 14, 2019

During this tough period in the market, a contrarian approach holds huge potential upside for this Smart Money Secrets stock.

How We Pick the Most Profitable Stocks from the Portfolios of Super Investors(The 5 Minute Wrapup)

Feb 8, 2019

This is the trick to following super investors and not losing money.

Small Caps Under Seige: Could This Be A Once-in-a-Decade Wealth Creating Opportunity?(Profit Hunter)

Feb 14, 2019

Don't let the dark clouds hovering over small caps scare you into hiding; it will rain gold as sentiments recover. Indeed, there is a blood bath. And if you are a first time investor, the correction is deep enough to scare you out of markets.

The Train to 'Small-Cap-Profits Land' is Back on the Station!(Profit Hunter)

Feb 15, 2019

Why its great news that prices for small caps over the last few days have been falling like there's no tomorrow.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
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 TV TODAY NETWORK

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

MORE ON TV TODAY NETWORK

TV TODAY NETWORK - NEWS CORP. COMPARISON

COMPARE TV TODAY NETWORK WITH

MARKET STATS