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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 2022 INRUSD
Revenue81,893M1,099.09M
Gross Profit30,201M405.33M
Operating income14,690M197.15M
Income before tax14,154M189.96M
Net income9,646M129.45M
EBITDA17,139M230.02M
Diluted EPS10.040.13
Dividends Per Share30.04
Total Assets132,396M1,747.22M
Total liabilities23,768M313.66M
Total equity108,628M1,433.55M
Operating cash flow2,967M39.82M
Currency in INRCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 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 2018Mar 2019Mar 2020Mar 2021Mar 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
PER28.70
ROA7.40%
ROE9.20%
Operating margin17.93%
Profit margin11.77%

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

Related Companies

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  • 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
  • Paramount Global Class B
  • Sun Tv Network Limited
  • Sony Group Corporation
  • Network18 Media & Investments Ltd.
  • TV18 Broadcast Limited
Last Updated on 4 Oct, 2022

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