Consumer Services
Zee Entertainment Enterprises Ltd.
In the news
- Asian stocks decline despite optimism over US-China trade deal Nov 26, 2019
- 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
- Asian stocks fall as China economic growth drops to lowest in about 30 years 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
| 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 (8.9%)
- Life Insurance Corp of India (4.8%)
- AMANSA HOLDINGS PVT LTD (3.7%)
- CHANDRA SUBHASH N (3.5%)
- The Vanguard Group, Inc. (3.3%)
- Vontobel Asset Management, Inc. (3.2%)
- Capital Research & Management Co. (World Investors) (2.2%)
- 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
- Sun Tv Network Limited
- Sony Corporation
- Network18 Media & Investments Ltd.
- TV18 Broadcast Limited
- Balaji Telefilms Limited
- Dish TV India Limited
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Last Updated on 3 Jul, 2020