Zee Entertainment Enterprises Ltd.

In the news

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Zee gets chance to retool as foreign funds take equity control Nov 25, 2019
Asian equities decline as concerns mount over US bill on Hong Kong Nov 21, 2019
Zee Entertainment shares slump amid fresh concerns over company financials Oct 18, 2019

See more articles on Zee Entertainment Enterprises Ltd.

Company Background

Zee Entertainment Enterprises (ZEEL) is a major Indian media company, with services including Hindi news and entertainment channels. The company says it distributes content to more than 160 countries and has over 700 million viewers worldwide.

Zee was founded by Subhash Chandra, who was originally involved in the trading and export business. He established Zee Telefilms in 1992 and started broadcasting India's first Hindi satellite channel; the company was renamed Zee Entertainment Enterprises as part of a restructuring in 2006.

A partnership with media tycoon Rupert Murdoch's News Corp -- prior to the U.S. company's own restructuring -- helped the company grow.

Recently, ZEEL has added more sports and kids channels. Promotor companies own nearly 40% of ZEEL.

Business Summary

Zee Entertainment Enterprises Ltd. engages in the provision of broadcasting services. Its businesses involve in the television, studios and music, international, digital, and live and theater. The company operates through the India and Rest of the World geographical segment. It offers Hindi general entertainment channels, regional entertainment channels, Hindi movie cluster, and niche channels. The company was founded by Ashok Mathai V. Kurien on November 25, 1982 and is headquartered in Mumbai, India.

Financial Highlights

Mar 2019	INR	USD
Revenue	79,339M	1,134.34M
Gross Profit	38,603M	551.92M
Operating income	23,860M	341.13M
Income before tax	24,345M	348.07M
Net income	15,671M	224.05M
EBITDA	26,176M	374.24M
Diluted EPS	16.31	0.23
Dividends Per Share	3.50	0.05
Total Assets	129,330M	1,866.90M
Total liabilities	39,948M	576.65M
Total equity	89,239M	1,288.18M
Operating cash flow	2,308M	32.99M
	Currency in INR	Currency in USD

Historical Data

INR | USD

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
Revenue	48,462M	58,125M	64,342M	66,857M	79,339M
Gross Profit	21,687M	26,217M	29,174M	32,798M	38,603M
Operating income	11,786M	14,790M	18,596M	19,140M	23,860M
Income before tax	14,040M	13,709M	29,009M	23,187M	24,345M
Net income	9,775M	8,232M	22,213M	14,791M	15,671M
EBITDA	12,459M	15,548M	19,722M	20,955M	26,176M
Diluted EPS	8.66	8.57	23.13	15.40	16.31
Dividends Per Share	2.25	2.25	2.50	2.90	3.50
Total Assets	70,180M	79,659M	102,647M	111,297M	129,330M
Total liabilities	14,678M	31,598M	35,733M	35,538M	39,948M
Total equity	55,498M	48,039M	66,904M	75,617M	89,239M
Operating cash flow	7,935M	8,277M	8,407M	6,651M	2,308M

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
Revenue	792.59M	887.79M	959.51M	1,037.08M	1,134.34M
Gross Profit	354.69M	400.43M	435.06M	508.76M	551.92M
Operating income	192.75M	225.90M	277.31M	296.90M	341.13M
Income before tax	229.62M	209.39M	432.60M	359.67M	348.07M
Net income	159.86M	125.73M	331.25M	229.43M	224.05M
EBITDA	203.76M	237.47M	294.10M	325.05M	374.24M
Diluted EPS	0.14	0.13	0.34	0.23	0.23
Dividends Per Share	0.03	0.03	0.03	0.04	0.05
Total Assets	1,121.42M	1,202.89M	1,580.76M	1,706.44M	1,866.90M
Total liabilities	234.54M	477.14M	550.28M	544.88M	576.65M
Total equity	886.81M	725.41M	1,030.32M	1,159.38M	1,288.18M
Operating cash flow	129.77M	126.42M	125.37M	103.17M	32.99M

Valuation Measures

Mar 2019
PER	27.23
ROA	13.02%
ROE	19.01%
Operating margin	30.07%
Profit margin	19.75%

Key executives

Chief Executive Officer, Executive Director & MD: Punit Subhash C. Goenka
President-Strategy & Operations: Atul Das
Chief Financial Officer: Rohit Kumar Gupta
Chief Technology Officer: Rajneesh Mittal
Chief Growth Officer-Advertisement Revenue: Ashish Sehgal

Shareholders

Invesco Advisers, Inc. (19.8%)
Government of Singapore (8.7%)
Life Insurance Corp of India (4.8%)
CHANDRA SUBHASH N (3.5%)
AMANSA HOLDINGS PVT LTD (3.5%)
The Vanguard Group, Inc. (3.0%)
Vontobel Asset Management, Inc. (3.0%)
Capital Research & Management Co. (World Investors) (2.3%)
Schroder Investment Management (Hong Kong) Ltd. (2.0%)
BlackRock Fund Advisors (1.8%)

Contact Details

Website:http://www.zeeentertainment.com
Address: 18th Floor, A - Wing, Marathon Futurex, Mumbai, 400013, India
Phone: +91.22.71061234

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Competitors

Walt Disney Company
ViacomCBS Inc. Class B
Sony Corporation
Sun Tv Network Limited
Network18 Media & Investments Ltd.
TV18 Broadcast Limited
Balaji Telefilms Limited
Dish TV India Limited

Last Updated on 31 Jul, 2020