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Entertainment Network (India) Ltd share Price Today

Company details

271.05
279.90
114.35
358.80
6M Return 56.20%
1Y Return 106.53%
Mkt Cap.(Cr) 1,297.10
Volume 33,036
Div Yield 0.37%
OI
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OI Chg %
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Volume 33,036

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Broadcasting & Cable TV company Entertainment Network (India) announced Q3FY24 results:

Financial Performance:
- Total revenue for Q3FY24 is reported at Rs 140 crore, marking a significant year-over-year growth of 21%.
- EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) stands at Rs 44.3 crore, reflecting a healthy margin of 33% and a year-over-year increase of 36.4%.

Operational Highlights:
- Strong demand in Free Commercial Time (FCT) led by high retail activity contributed sizably to the revenue growth during the quarter.
- Non-FCT revenues witnessed a surge with a notable growth of 45% year-over-year.

Digital and International Business:
- The Digital segment added Rs 11.4 crore to the total revenue, comprising 13% of the radio revenues.
- An investment of Rs 6.2 crore was made to enhance ENIL's digital capabilities.
- International business reported stable and profitable operations with an EBITDA of over Rs 2.3 crore for the quarter.

Gaana Acquisition:
- The completion of the Gaana deal is a pivotal step in strengthening ENIL's digital offerings and turning around its digital story.

Balance Sheet and Liquidity:
- The Balance sheet as of December 31, 2023, shows Cash and cash equivalents amounting to Rs 262 crore.

Commenting on the developments, Yatish Mehrishi, CEO, ENIL, said: “I am thrilled to report a strong quarter with increased radioactivity and a fantastic festive season. Our revenue growth has outpaced the industry, demonstrating our leadership. Over the past two years, we've seen consistent revenue growth, doubling the industry average and significantly improving profitability. As our current businesses gain momentum, we're dedicated to future investments. The addition of Gaana is a crucial step in our digital journey, aiming to offer high-quality audio content on a unified platform. Looking ahead, the synergy between our brands, Mirchi and Gaana, along with our industry experience, positions ENIL as a key player in India’s audio entertainment space.”

Result PDF

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Entertainment Network (India) Ltd shares SWOT Analysis

Strengths (14)

  • Rising Net Cash Flow and Cash from Operating activity
  • Company with high TTM EPS Growth
  • Effectively using its capital to generate profit - RoCE improving in last 2 years

Weakness (1)

  • Book Value Per Share deteriorating for last 2 years

Opportunity (1)

  • Highest Recovery from 52 Week Low

Threats (1)

  • High PE (PE > 40)

Resistance and support

R1 277.6
R2 285.9
R3 292.1
Pivot

271.32

S1 263.0
S2 256.8
S3 248.5
EMA SMA
272.5
274.4
256.3
224.5
270.5
292.4
255.0
208.3
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-02-07 303.68 322014 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-02-07 303.8 322014 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-01-10 223.29 323599 NSE
Name Category Shares
BENNETT COLEMAN AND COMPANY LIMITED PROMOTER 71.15%

FINANCIALS

Sales
Operating Profit
Profit after Tax
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Reserves and Surplus
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Entertainment Network (India) Ltd Stocks COMPARISON

Financials( in Cr) Entertainment Network (India) Ltd Sun TV Network Ltd Zee Entertainment Enterprises Ltd PVR Inox Ltd Saregama India Ltd
Price 272.10 635.80 146.00 1,417.45 447.65
% Change 1.04 0.13 2.31 0.57 5.30
Mcap Cr 1,297.10 25,055.92 14,023.58 13,910.00 8,631.09
Revenue TTM Cr 439.97 3,772.05 8,087.90 3,750.65 736.62
Net Profit TTM Cr -10.52 1,706.92 47.80 -336.40 185.05
PE TTM 51.01 13.24 62.89 0.00 43.71
1 Year Return 106.53 51.40 -22.03 -4.14 50.40
ROCE 0.57 25.98 7.84 0.00 20.24
ROE -1.38 19.59 0.35 0.00 14.82
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 745.69 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 20,210.21 -2,288.40
LAST 3M 84,754.55 29,178.29
LAST 6M 143,739.62 78,000.86
LAST 12M 219,616.53 194,185.36

Entertainment Network (India) Ltd Information

Stock PE (TTM)
51.01
Promoter Holding
71.15%
Book Value
156.2993
ROCE
0.57%
ROE
-1.38%
Description
  • Entertainment Network (India) Ltd (ENIL) was incorporated as Public Limited Company on June 24, 1999. The Company was owned by Times Infotainment India Ltd, a 100% owned subsidiary of Bennett Coleman and Company Ltd, the flagship company of the Times Group. The Company is one of the leading Entertainment and Media company in India. It carries out Radio broadcasting across the country under the brand name "Radio Mirchi". It isin the business of event management and out-of-home media through brands "360degree" and "Times Out-of-home Media" respectively. In the year 2000, where the government formally announced the auction of 108 FM frequencies across 40 cities, the company won the largest number of licenses and Radio Mirchi was born. The company commenced their radio broadcasting in the stations located at Indore and Ahmedabad in the year 2001, Mumbai and Pune in the year 2002 and Delhi, Kolkata and Chennai in the year 2003. In October 2005, the company incorporated Times Innovative Media Pvt Ltd as a wholly owned subsidiary company and also transferred the 360 degrees and OOH media businesses from Times Infotainment India Ltd to Times Innovative Media Pvt Ltd. Thus, the subsidiary company was engaged in the out-of-home media and event management business. In April 2006, the company launched radio broadcasting stations in Bangalore, Jaipur and Hyderabad. The name of company`s subsidiary Times Innovative Media Pvt Ltd was changed to Times Innovative Media Ltd, effective from March 15, 2007, consequent upon their conversion to public limited company. In the year 2007, the company commenced their broadcast from the various radio stations located at Patna, Panaji, Bhopal, Vododara, Rajkot, Kanpur, Nasik, Varanasi, Aurangabad, Lucknow, Surat, Kalhapur, Madurai, Nagpur, Vishakpatnam, Coimbatore, Mangalore and Vijayawada. Alternate Brand Solutions Ltd was incorporated on October 31, 2007, as a wholly owned subsidiary of the company. The subsidiary company is engaged in the business of event management / experiential marketing. The company transferred event management business of Times Innovative Media Ltd to Atlanta Brand Solutions Ltd as a going concern with effect from December 31, 2007. The RAM (Radio Audience Measurement) study was launched by TAM India Ltd in the cities of Delhi, Mumbai and Bangalore in October 2007. In the year 2008, the company commenced their broadcast from the stations namely, Raipur, Thiruvananthapuram and Jabalpur. With the launch of Jabalpur station, the company operationlised all the stations for licenses granted to them under the FM Radio Broadcasting Phase II. The Company achieved one more important milestone in its operations by launching of twenty five radio stations in 2008. It launched three more properties in the events business - Ford Super Models, Teen Diva and the Spell Bee Contest in 2009. It also launched the fi rst edition of the Mirchi Music Awards in March 2009. In 2010, it launched a new show called Sunday Suspense in Kolkata; launched a special series called `Legends se Mulaqaat. It launched a "city-centric" online radio station Mumbai Marathi - Mumbaicha aapla radio station, in Marathi in 2011. In 2016-17, it launched the new stations including, Campus Radio, International Hitz, Rabindra Sangeet, Kannada Hits and Mirchi Love Telegu. It added 13 stations in the year 2017. These included stations in the 4 new cities of Chandigarh, Kochi, Guwahati and Shillong. It also launched 9 stations in present cities in the form of a 2nd channel. The Company, through its wholly owned subsidiary, Mirchi Bahrain W.L.L., launched radio broadcasting operations in the Kingdom of Bahrain in May 2021. FY 2023 also saw the launch of Company`s O&O (Owned and Operated) platform Mirchi Plus. The Dallas station was launched in April 2022. In November 2022, Team Telugu launched "Mirchi Men-O-Pause," In 2023, it launched Mirchi ShAI, an AI-powered digital influencer.

Registered Address

4th Flr A Wing Matulya Centre, Senapati Bpt Mrg Lower Parel-W, Mumbai, Maharashtra, 400013

Tel : 91-022-66620600
Email : enil.investors:timesgroup.com; mehul.shah:timesgro
Website : http://www.enil.co.in
Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 532700
NSE Code : ENIL
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE265F01028

FAQ’s on Entertainment Network (India) Ltd Shares

You can buy Entertainment Network (India) Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Entertainment Network (India) Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Apr 26, 2024 09:49 AM the closing price of Entertainment Network (India) Ltd was ₹ 272.10.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Apr 26, 2024 09:49 AM, the market cap of Entertainment Network (India) Ltd stood at ₹ 1,297.10.

The latest PE ratio of Entertainment Network (India) Ltd as of Apr 26, 2024 09:49 AM is 51.01

The latest PB ratio of Entertainment Network (India) Ltd as of Apr 26, 2024 09:49 AM is 0.58

The 52-week high of Entertainment Network (India) Ltd share price is ₹ 358.80 while the 52-week low is ₹ 114.35

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