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Consumer Services

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 INRUSD
Revenue79,339M1,134.34M
Gross Profit38,603M551.92M
Operating income23,860M341.13M
Income before tax24,345M348.07M
Net income15,671M224.05M
EBITDA26,176M374.24M
Diluted EPS16.310.23
Dividends Per Share3.500.05
Total Assets129,330M1,866.90M
Total liabilities39,948M576.65M
Total equity89,239M1,288.18M
Operating cash flow2,308M32.99M
Currency in INRCurrency in USD

Historical Data

 Mar 2015Mar 2016Mar 2017Mar 2018Mar 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 2015Mar 2016Mar 2017Mar 2018Mar 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
PER27.23
ROA13.02%
ROE19.01%
Operating margin30.07%
Profit margin19.75%

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

Related Companies

  • Zee Studios International Ltd.
  • Z5X Global FZ-LLC
  • Asia TV GmbH
  • Eevee Multimedia, Inc.
  • Idea Shop Web & Media Pvt Ltd.
  • Asia Multimedia Distribution, Inc.
  • Zee TV South Africa (Pty) Ltd.
  • ATL Media FZ-LLC
  • Zee Entertainment Middle East FZ-LLC
  • Zee Technologies (Guangzhou) Ltd.
  • Asia Today Singapore Pte Ltd.
  • Expand Fast Holdings (Singapore) Pte Ltd.
  • Zee Unimedia Ltd.
  • Essel Vision Productions Ltd.
  • Margo Networks Pvt Ltd.
  • Zee CIS Holdings LLC
  • ATL Media Ltd.
  • Shamal Media Services LLC
  • Fly-By-Wire International Pvt Ltd.
  • Zee Digital Convergence Ltd.
  • Sarthak Entertainment Pvt Ltd.
  • Asia TV USA Ltd.
  • Zing Networks Ltd.
  • INX Media Pvt Ltd. /Entertainment Channel Ops/
  • Taj TV Ltd.
  • Zee Network Distribution Ltd.
  • Zee TV USA, Inc.
  • TEN Sports
  • Asia Today Ltd.
  • Venus Worldwide Entertainment Pvt Ltd.

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

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