ZEE ENTERTAINMENT 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.
No. of Mths Year Ending | 12 Mar-17* | 12 Mar-18* | % Change | |
---|---|---|---|---|
Net Sales | Rs m | 64,342 | 66,857 | 3.9% |
Other income | Rs m | 2,240 | 4,499 | 100.8% |
Total Revenues | Rs m | 66,582 | 71,356 | 7.2% |
Gross profit | Rs m | 29,298 | 21,945 | -25.1% |
Depreciation | Rs m | 1,152 | 1,821 | 58.1% |
Interest | Rs m | 1,372 | 1,448 | 5.5% |
Profit before tax | Rs m | 29,014 | 23,175 | -20.1% |
Tax | Rs m | 6,808 | 8,409 | 23.5% |
Profit after tax | Rs m | 22,206 | 14,766 | -33.5% |
Gross profit margin | % | 45.5 | 32.8 | |
Effective tax rate | % | 23.5 | 36.3 | |
Net profit margin | % | 34.5 | 22.1 |
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No. of Mths Year Ending | 12 Mar-17* | 12 Mar-18* | % Change | |
---|---|---|---|---|
Networth | Rs m | 66,904 | 75,617 | 13.0 |
Current Liabilities | Rs m | 16,684 | 21,198 | 27.1 |
Long-term Debt | Rs m | 18,208 | 11,452 | -37.1 |
Total Liabilities | Rs m | 101,671 | 111,297 | 9.5 |
Current assets | Rs m | 81,273 | 85,900 | 5.7 |
Fixed Assets | Rs m | 20,398 | 25,397 | 24.5 |
Total Assets | Rs m | 101,671 | 111,297 | 9.5 |
Particulars | No. of months | 12 | 12 | % Change |
---|---|---|---|---|
Year Ending | Mar-17 | Mar-18 | ||
Cash Flow from Operating Activities | Rs m | 7,406 | 5,544 | -25.1% |
Cash Flow from Investing Activities | Rs m | 13,969 | -10,497 | - |
Cash Flow from Financing Activities | Rs m | -4,138 | -10,902 | - |
Net Cash Flow | Rs m | 16,520 | -15,771 | - |
No. of Mths Year Ending | 12 Mar-17* | 12 Mar-18* | |
---|---|---|---|
Sales per share (Unadj.) | Rs | 67.0 | 69.6 |
TTM Earnings per share | Rs | 23.1 | 15.4 |
Diluted earnings per share | Rs | 23.1 | 15.4 |
Price to Cash Flow | x | 22.0 | 31.8 |
TTM P/E ratio | x | 23.2 | 39.7 |
Price / Book Value ratio | x | 7.0 | 7.0 |
Market Cap | Rs m | 466,298 | 526,665 |
Dividends per share (Unadj.) | Rs | 2.5 | 2.9 |
Current Ratio: The company's current ratio deteriorated and stood at 4.1x during FY18, from 4.9x 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 17.0x during FY18, from 22.1x 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.
Return on Equity (ROE): The ROE for the company declined and down at 19.5% during FY18, from 33.2% 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 28.3% during FY18, from 35.7% 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 14.6% during FY18, from 23.2% during FY17. The ROA measures how efficiently the company uses its assets to generate earnings.
No. of Mths Year Ending | 12 Mar-17* | 12 Mar-18* | |
---|---|---|---|
Current ratio | x | 4.9 | 4.1 |
Debtors’ Days | Days | 70 | 84 |
Interest coverage | x | 22.1 | 17.0 |
Debt to equity ratio | x | 0.3 | 0.2 |
Return on assets | % | 23.2 | 14.6 |
Return on equity | % | 33.2 | 19.5 |
Return on capital employed | % | 35.7 | 28.3 |
To see how ZEE ENTERTAINMENT has performed over the last 5 years, please visit here.
Over the last one year, ZEE ENTERTAINMENT share price has moved up from Rs 534.7 to Rs 576.3, registering a gain of Rs 41.7 or around 7.8%.
Meanwhile, the S&P BSE TECK Index is trading at Rs 6,513.3 (down 0.7%). Over the last one year it has moved up from 5,771.5 to 6,513.3, a gain of 742 points (up 12.9%).
Overall, the S&P BSE SENSEX is up 12.1% over the year.
(To know more, check out historical annual results for ZEE ENTERTAINMENT and quarterly results for ZEE ENTERTAINMENT)
ZEE ENTERTAINMENT currently trades at Rs 143.1 per share. You can check out the latest share price performance of ZEE ENTERTAINMENT here...
The revenues of ZEE ENTERTAINMENT stood at Rs 71,356 m in FY18, which was up 7.2% compared to Rs 66,582 m reported in FY17.
ZEE ENTERTAINMENT's revenue has grown from Rs 46,024 m in FY14 to Rs 71,356 m in FY18.
Over the past 5 years, the revenue of ZEE ENTERTAINMENT has grown at a CAGR of 11.6%.
The net profit of ZEE ENTERTAINMENT stood at Rs 14,766 m in FY18, which was down -33.5% compared to Rs 22,206 m reported in FY17.
This compares to a net profit of Rs 8,237 m in FY16 and a net profit of Rs 9,755 m in FY15.
Over the past 5 years, ZEE ENTERTAINMENT net profit has grown at a CAGR of 13.5%.
The cash flow statement is the financial statement that presents the cash inflows and outflows of a company during a given period of time.
This statement is one of the most useful tools for judging a company's liquidity position. The ratios and parameters in this statement helps test a company's financial health.
The cash flow statement of ZEE ENTERTAINMENT reveals:
Here's the cash flow statement of ZEE ENTERTAINMENT for the past 5 years.
(Rs m) | FY14 | FY15 | FY16 | FY17 | FY18 |
---|---|---|---|---|---|
From Operations | 3,829 | 6,809 | 7,309 | 7,406 | 5,544 |
From Investments | -2,059 | -3,661 | 169 | 13,969 | -10,497 |
From Financial Activity | -1,444 | -3,427 | -4,046 | -4,138 | -10,902 |
Net Cashflow | 326 | -279 | 3,425 | 16,520 | -15,771 |
Be it the company's profitability, operations effectiveness or utilization of funds, ratio analysis is an important tool which helps in making investment decisions.
The ratio/financial analysis of ZEE ENTERTAINMENT reveals:
Here's the ratio/financial analysis of ZEE ENTERTAINMENT for the past 5 years.
FY14 | FY15 | FY16 | FY17 | FY18 | |
---|---|---|---|---|---|
Operating Profit Margin (%) | 27.2 | 25.6 | 23.9 | 45.5 | 32.8 |
Net Profit Margin (%) | 20.1 | 20.0 | 14.2 | 34.5 | 22.1 |
Debt to Equity Ratio (x) | 0.0 | 0.0 | 0.4 | 0.3 | 0.2 |
Read: Latest Annual Report Analysis of ZEE ENTERTAINMENT
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