Zee Entertainment Enterprises Ltd.

In the news

Nepal broadcasters block Indian news over 'insulting' propaganda Jul 14, 2020
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

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 2022	INR	USD
Revenue	81,893M	1,099.09M
Gross Profit	30,201M	405.33M
Operating income	14,690M	197.15M
Income before tax	14,154M	189.96M
Net income	9,646M	129.45M
EBITDA	17,139M	230.02M
Diluted EPS	10.04	0.13
Dividends Per Share	3	0.04
Total Assets	132,396M	1,747.22M
Total liabilities	23,768M	313.66M
Total equity	108,628M	1,433.55M
Operating cash flow	2,967M	39.82M
	Currency in INR	Currency in USD

Historical Data

INR | USD

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Revenue	66,857M	79,339M	81,299M	77,299M	81,893M
Gross Profit	32,798M	38,603M	32,413M	28,853M	30,201M
Operating income	19,140M	23,860M	12,062M	14,926M	14,690M
Income before tax	23,187M	24,345M	9,587M	12,557M	14,154M
Net income	14,791M	15,671M	5,265M	8,001M	9,646M
EBITDA	20,955M	26,176M	14,744M	17,565M	17,139M
Diluted EPS	15.40	16.31	5.48	8.32	10.04
Dividends Per Share	2.90	3.50	0.30	2.50	3
Total Assets	111,297M	129,330M	124,176M	128,187M	132,396M
Total liabilities	35,538M	39,948M	30,627M	27,112M	23,768M
Total equity	75,617M	89,239M	93,439M	100,946M	108,628M
Operating cash flow	6,651M	2,308M	3,774M	15,877M	2,967M

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Revenue	1,037.08M	1,134.34M	1,146.57M	1,041.27M	1,099.09M
Gross Profit	508.76M	551.92M	457.12M	388.67M	405.33M
Operating income	296.90M	341.13M	170.11M	201.06M	197.15M
Income before tax	359.67M	348.07M	135.20M	169.15M	189.96M
Net income	229.43M	224.05M	74.25M	107.77M	129.45M
EBITDA	325.05M	374.24M	207.93M	236.61M	230.02M
Diluted EPS	0.23	0.23	0.07	0.11	0.13
Dividends Per Share	0.04	0.05	0.00	0.03	0.04
Total Assets	1,706.44M	1,866.90M	1,641.42M	1,753.25M	1,747.22M
Total liabilities	544.88M	576.65M	404.84M	370.81M	313.66M
Total equity	1,159.38M	1,288.18M	1,235.12M	1,380.67M	1,433.55M
Operating cash flow	103.17M	32.99M	53.22M	213.87M	39.82M

Valuation Measures

Mar 2022
PER	28.70
ROA	7.40%
ROE	9.20%
Operating margin	17.93%
Profit margin	11.77%

Key executives

Chief Executive Officer, Executive Director & MD: Punit Subhash C. Goenka
Head-Operations: Sachin Rumde
Chief Financial Officer: Rohit Kumar Gupta
President-Technology & Data: Nitin Mittal
Secretary & Chief Compliance Officer: Ashish Agarwal

Shareholders

Life Insurance Corporation of India (Investment Portfolio) (5.1%)
HDFC Asset Management Co. Ltd. (Invt Mgmt) (4.7%)
Amansa Holdings Pvt Ltd. (4.5%)
Nippon Life India Asset Management Ltd. (Invt Mgmt) (4.2%)
CHANDRA SUBHASH N (3.5%)
ARGA Investment Management LP (3.3%)
Vontobel Asset Management, Inc. (3.0%)
The Vanguard Group, Inc. (2.5%)
ICICI Prudential Asset Management Co. Ltd. (2.3%)
APG Asset Management NV (2.0%)

Contact Details

Website:http://www.zeeentertainment.com
Address: Marathon Futurex, N. M.Joshi Marg, Lower Parel, Mumbai, 400013, India
Phone: +91.22.71061234

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Competitors

Walt Disney Company
Paramount Global Class B
Sun Tv Network Limited
Sony Group Corporation
Network18 Media & Investments Ltd.
TV18 Broadcast Limited

Last Updated on 4 Oct, 2022