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Siti Networks Ltd share Price Today

Company details

0.50
0.60
0.50
1.15
6M Return -26.67%
1Y Return -38.89%
Mkt Cap.(Cr) 47.96
Volume 3,105,334
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 3,105,334

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Siti Networks Ltd shares SWOT Analysis

Strengths (3)

  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company able to generate Net Cash - Improving Net Cash Flow for last 2 years
  • Company with Zero Promoter Pledge

Weakness (13)

  • MACD Crossover Below Signal Line
  • Red Flag: High Interest Payments Compared to Earnings
  • New 52 week low today

Opportunity (1)

  • Stock with Low PE (PE < = 10)

Threats (2)

  • Increasing Trend in Non-Core Income
  • RSI indicating price weakness

Resistance and support

R1 .6
R2 .7
R3 .7
Pivot

.55

S1 .5
S2 .5
S3 .4
EMA SMA
.7
.7
.8
.9
.6
.8
.8
.8
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
L&T FINANCE HOLDINGS LIMITED Bulk Sell 2024-03-22 0.6 6000000 NSE
ANIL SUBHASHCHANDRA AGRAWAL Bulk Sell 2024-01-29 0.89 4490502 BSE
ACHINTYA COMMODITIES PRIVATE LIMITED Bulk Purchase 2022-12-15 2.47 4836259 NSE
Name Category Shares
Essel Media Ventures Limited PROMOTER 4.95%
Direct Media Solutions LLP PROMOTER 1.14%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Siti Networks Ltd Stocks COMPARISON

Financials( in Cr) Siti Networks Ltd Sun TV Network Ltd PVR Inox Ltd Zee Entertainment Enterprises Ltd Saregama India Ltd
Price 0.55 674.50 1,324.95 134.95 437.35
% Change 0 2.07 3.09 3.17 3
Mcap Cr 47.96 26,581.03 13,002.26 12,962.20 8,432.50
Revenue TTM Cr 1,345.35 3,772.05 3,750.65 8,087.90 736.62
Net Profit TTM Cr -315.44 1,706.92 -336.40 47.80 185.05
PE TTM 0.00 14.07 0.00 61.98 44.33
1 Year Return -38.89 58.17 -3.60 -27.11 43.77
ROCE 0.00 25.98 0.00 7.84 20.24
ROE 0.00 19.59 0.00 0.35 14.82
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: -775.89 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 45,096.27 -32,431.93
LAST 3M 103,643.75 -39,912.42
LAST 6M 170,661.45 50,171.66
LAST 12M 264,707.07 127,969.33

Siti Networks Ltd Information

Stock PE (TTM)
0
Promoter Holding
6.1%
Book Value
-8.898
ROCE
0%
ROE
0%
Description
  • SITI Networks Limited (Formerly known Wire and Wireless (India) Limited) operates India`s leading digital TV network. It is a part of one of the leading business houses in the country - the Essel Group, which has a dominant vertically integrated presence in Media and Entertainment and a diverse portfolio of assets in packaging, technology-enabled services, infrastructure development and education sectors. The illustrious Essel Group was established in 1976. It is among India`s most prominent business houses with a diverse portfolio of assets in media, packaging, entertainment, technology-enabled services, infrastructure development and education. The Group has over 2,50,000 hours of original content, a bouquet of 75 channels, a reach of over 1.3 billion viewers spread across 171 countries. The company aims at providing quality services to their subscribers. The primary business activities of the company are Cable Subscription, Bandwidth Charges, Advertisement and Leasing out infrastructure. The company operates from 7 regional offices, 69 analog headends and 7 digital headends and they deliver approximately 200 analog channels on the existing network. They provide cable TV on analog frequency in 43 cities and their network reached to approximately 6.7 million cable homes. Wire and Wireless India Ltd was established on March 24, 2006. The company was formed as a part of the whole de-merger of Zee Entertainment Enterprises Ltd, in which all the cable TV distribution business within Zee Entertainment Enterprises Ltd and Siticable Networks Ltd (Siticable) was transferred to the company with effect from. March 31, 2006. Consequent upon de-merger of cable business undertaking of Siti Cable Network Ltd into the company, the subsidiaries of Siti Cable Network Ltd, namely Central Bombay Cable Network Pvt Ltd, Siticable Broadband South Pvt Ltd and Indian Cable Net Company Ltd became subsidiaries of the company. In this Central Bombay Cable Network Pvt Ltd and Siticable Broadband South Pvt Ltd are wholly owned subsidiary and in Indian Cable Net Company Ltd, the company holds 67.99% along with Central Bombay Cable Network Pvt Ltd. During the year 2006-07, the company launched packages such as GalaxZee Bonanza, GalaxZee Premium etc and Digital Cable Entertainment in order to provide better services to high end commercially important customers. Also, they implemented Conditional Access System (CAS) in Mumbai, Delhi and Kolkata as per directives of Telecom Regulatory Authority of India. They launched Internet over Cable services in Bangalore during the year. The company set up a joint venture company, namely Wire and Wireless Tisai Satellite Pvt Ltd along with Tisai group at Kalyan in Maharashtra on June 1, 2006 for providing cable services in that area. The company holds 51% equity stake comprising of 5,100 equity shares of Rs 10/- each in Wire and Wireless Tisai Satellite Pvt Ltd. In April 2008, Central Bombay Cable Network Ltd a subsidiary of the company acquired 66% holding in Master Channel Community Network Pvt Ltd. During 2009, Master Channel Community Network Private Limited became a subsidiary of the Company. The Company acquired 51% equity stake in Siti Digital Media Pvt. Ltd., effective July 21, 2010. During 2011-12, Company acquired 51% equity stake in Siti Bhatia Network Entertainment Private Limited, Siti Jind Digital Media Communications Private Limited and Siti Jai Maa Durgee Communications Private Limited and accordingly, the number of subsidiary companies of the Company increased to 9 as compared to 6 during FY 2010-11. During 2011-12, due to inter se transfer of equity shares amongst group company of the Company, M/s. Bioscope Cinemas Private Limited became the Holding Company of the Company, which acquired 26,20,40,427 fully paid up Equity Shares constituting 57.95% of the Paid Up Equity Share Capital of the Company through inter se transfer amongst Promoters. The Company implemented the digitization of TV signals in its 20 key markets which falls under Phase-1 & 2 cities of mandated Digital Addressable System (DAS) besides expanding Digital horizon in Cities falling in DAS phase 3 & 4. It seamlessly installed 3 million Set-top-Boxes (STBs) in its markets in Phase-I and Phase II. The name of Company has been changed from "Wire & Wireless (India) Limited" to "Siti Cable Network Limited" vide fresh Certificate of Incorporation dated September 5, 2012 issued by the Registrar of Companies, Maharashtra, Mumbai. Due to inter se transfer of equity shares amongst promoter entities, M/s Bioscope Cinemas Private Limited ceased to be the holding company of Siti Cable Network Limited during 2013. During the year 2013-14, the Indian Cable Net Company Limited, one of the subsidiary companies of the Company, acquired 50.10% equity stake in Siti Maurya Cable Net Private Limited. Accordingly, the number of subsidiary companies of the Company increased to 14. During 2014-15, the Company acquired 51% stake in Siti Global Private Limited, Siti Karnal Digital Media Network Private Limited, Siri Digital Network Private Limited and 100% stake in Siti Broadband Services Private Limited. Accordingly, the total No. of subsidiary companies of the Company increased to 18 from 14. It launched high-speed internet services on the DOCSIS 3 platform in Delhi/NCR by leveraging the existing cable network. It expanded the digital cable presence to 130 cities. In the broadband space, Company intensified focus and increased the base to 1,67,000 subscribers in Delhi & Kolkata as of 30th June 2016. The name of the Company changed from "Siti Cable Network Limited" to "Siti Networks Limited" vide Certificate of Incorporation, which was effective dated August 5, 2016. The Company acquired 51% stake in Siti Prime Uttaranchal Communication Private Limited, Siti Sagar Digital Cable Network Private Limited (formerly known as `Panchsheel Digital Communication Network Pvt. Ltd.`), Siti Saistar Digital Media Private Limited (formerly known as `Saistar Digital Media Private Limited`), Siti Godaari Digital Services Pvt. Ltd. (formerly known as `Bargachh Digital Communication Network Private Limited`) and 100% stake in Variety Entertainment Private Limited. Indian Cable Net Company Limited, subsidiary company of the Company also acquired stake in two companies i.e. 100% stake in Indinet Service Private Limited and 50% stake in Axom Communications & Cable Private Limited, accordingly these companies also became step down subsidiary companies of the Company during 2015-16. Accordingly, the no. of subsidiary companies increased to 25. In broadband, Company increased the customer base to 2,40,000 subscribers, primarily in Delhi, Greater Noida, Kolkata, Hissar, Karnal and Rohtak as of 30th June 2017. The Company incorporated a wholly owned Limited Liability Partnership namely SITI Networks India LLP effective on May 7, 2018. During 2018-19, Siti Bhatia Network Entertainment Private Limited (SBNEPL) ceased to be subsidiary company, as the Company had sold 10409 equity shares (being the entire stake of the Company constituting 51%) of SBNEPL on June 14, 2018; In consequence of SBNEPL ceased to be subsidiary company of the Company, Siti Chhattisgarh Multimedia Private Limited, wherein SBNEPL was holding 41% equity shares, ceased to be associate company of the Company. Axom Communications & Cable Private Limited, which was subsidiary company of Indian Cable Net Company Limited (ICNCL), ceased to be subsidiary company of ICNCL. Accordingly, Company had 23 no. of subsidiary companies as on March 31, 2019. Variety Entertainment Private Limited (VEPL), which is wholly owned subsidiary company of the Company had purchased 49% Equity stake in Siti Godaari Digital Services Private Limited (SGDSPL) on May 29, 2019. After such purchase, SGDSPL (wherein the Company already holds 51% Equity stake) became wholly owned subsidiary company of the Company; Variety Entertainment Private Limited (VEPL), had acquired further 4.75% Equity stake in Voice Snap Services Private Limited (VSSPL) on July 21, 2019. Accordingly, Equity stake of VEPL in VSSPL increased to 40% and the same continues to be an associate company of the Company. The wholly owned subsidiary company of the Company namely Variety Entertainment Pvt. Ltd. acquired 50% Equity Shares in the paid-up Equity Share Capital of Paramount Digital Media Services Private Limited. Accordingly, Paramount Digital Media Services Private Limited became Joint Venture company of the Company. During FY 2019-20, a new SITI Broadband web and mobile interface was introduced to enhance customer experience. During 2020-21, Siti Broadband Services Private Limited, the wholly owned subsidiary company of the Company acquired 51% Equity Shares in the paid-up Equity Share Capital of E-Net Entertainment Private Limited. Accordingly, E-Net Entertainment Private Limited has become subsidiary company of the Company. The wholly owned subsidiary company of the Company namely Variety Entertainment Private Limited has sold its entire stake (i.e. 40% stake) in the Equity Share Capital of Voice Snap Services Private Limited. Accordingly, Voice Snap Services Private Limited had ceased to be associate company of the Company. Indian Cable Net Company Limited has acquired 76% Equity Stake in the paid up Equity Share Capital of Meghbela Infitel Cable & Broadband Private Limited. Accordingly, Meghbela Infitel Cable & Broadband Private Limited has become subsidiary company of the Company. And accordingly, the number of subsidiaries increased to 24. The Company introduced Next Gen SITI PlayTop Magic Android TV Set Top Box (STB) and iOS/Android Apps giving them ease of converting any Television set into a Smart TV in 2021. During 2021-22, the Company launched first MSO space in India,the argeement with Hinduja Group`s Headend in the Sky (HITS) platform NXTDigital, launched Broadband services in 26 new towns across India, launched a metro ethernet network across Delhi.

Registered Address

Unit No 38 1st Floor A Wing, Madhu Indl Est P B Marg Worli, Mumbai, Maharashtra, 400013

Tel : 91-022-43605555
Email : csandlegal:siti.esselgroup.com
Website : http://www.sitinetworks.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 532795
NSE Code : SITINET
Book Closure Date (Month) :
BSE Group : T
ISIN : INE965H01011

FAQ’s on Siti Networks Ltd Shares

You can buy Siti Networks Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Siti Networks Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 13, 2024 03:55 PM the closing price of Siti Networks Ltd was Rs.0.55.

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 May 13, 2024 03:55 PM, the market cap of Siti Networks Ltd stood at Rs. 47.96.

The latest PE ratio of Siti Networks Ltd as of May 13, 2024 03:55 PM is 0.00

The latest PB ratio of Siti Networks Ltd as of May 13, 2024 03:55 PM is -16.18

The 52-week high of Siti Networks Ltd share price is Rs. 1.15 while the 52-week low is Rs. 0.50

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