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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 2021 INRUSD
Revenue77,299M1,041.27M
Gross Profit28,853M388.67M
Operating income14,926M201.06M
Income before tax12,557M169.15M
Net income8,001M107.77M
EBITDA17,565M236.61M
Diluted EPS8.320.11
Dividends Per Share2.500.03
Total Assets128,187M1,753.25M
Total liabilities27,112M370.81M
Total equity100,946M1,380.67M
Operating cash flow15,877M213.87M
Currency in INRCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 64,342M 66,857M 79,339M 81,299M 77,299M
Gross Profit 29,174M 32,798M 38,603M 32,413M 28,853M
Operating income 18,596M 19,140M 23,860M 12,062M 14,926M
Income before tax 29,009M 23,187M 24,345M 9,587M 12,557M
Net income 22,213M 14,791M 15,671M 5,265M 8,001M
EBITDA 19,722M 20,955M 26,176M 14,744M 17,565M
Diluted EPS 23.13 15.40 16.31 5.48 8.32
Dividends Per Share 2.50 2.90 3.50 0.30 2.50
Total Assets 102,647M 111,297M 129,330M 124,176M 128,187M
Total liabilities 35,733M 35,538M 39,948M 30,627M 27,112M
Total equity 66,904M 75,617M 89,239M 93,439M 100,946M
Operating cash flow 8,407M 6,651M 2,308M 3,774M 15,877M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 959.51M 1,037.08M 1,134.34M 1,146.57M 1,041.27M
Gross Profit 435.06M 508.76M 551.92M 457.12M 388.67M
Operating income 277.31M 296.90M 341.13M 170.11M 201.06M
Income before tax 432.60M 359.67M 348.07M 135.20M 169.15M
Net income 331.25M 229.43M 224.05M 74.25M 107.77M
EBITDA 294.10M 325.05M 374.24M 207.93M 236.61M
Diluted EPS 0.34 0.23 0.23 0.07 0.11
Dividends Per Share 0.03 0.04 0.05 0.00 0.03
Total Assets 1,580.76M 1,706.44M 1,866.90M 1,641.42M 1,753.25M
Total liabilities 550.28M 544.88M 576.65M 404.84M 370.81M
Total equity 1,030.32M 1,159.38M 1,288.18M 1,235.12M 1,380.67M
Operating cash flow 125.37M 103.17M 32.99M 53.22M 213.87M

Valuation Measures

Mar 2021
PER24.38
ROA6.34%
ROE8.23%
Operating margin19.30%
Profit margin10.35%

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

  • Invesco Advisers, Inc. (9.1%)
  • Life Insurance Corp of India (4.8%)
  • Amansa Holdings Pvt Ltd. (4.3%)
  • CHANDRA SUBHASH N (3.5%)
  • Vontobel Asset Management, Inc. (3.0%)
  • ARGA Investment Management LP (2.8%)
  • Eastspring Investments (Singapore) Ltd. (2.7%)
  • BlackRock Asset Management North Asia Ltd. (2.4%)
  • Norges Bank Investment Management (2.4%)
  • The Vanguard Group, Inc. (2.4%)

Contact Details

Related Companies

  • &TV
  • Zee Marathi
  • Zee Bangla
  • Zee Cinema
  • Zee Keralam
  • Zee Talkies
  • Zee Yuva
  • Zee Entertainment Enterprises Ltd. /Digital Publishing Bus/
  • 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.
  • Zee Studios Ltd.
  • Margo Networks Pvt Ltd.
  • Zee CIS Holdings LLC
  • ATL Media Ltd.
  • Shamal Media Services LLC
  • Zee Digital Convergence Ltd.
  • Sarthak Entertainment Pvt Ltd.
  • Asia TV USA Ltd.
  • Zing Networks Ltd.

Competitors

  • Walt Disney Company
  • ViacomCBS Inc. Class B
  • Sony Group Corporation
  • Sun Tv Network Limited
  • Network18 Media & Investments Ltd.
  • TV18 Broadcast Limited
Last Updated on 26 Nov, 2021

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