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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 2020 INRUSD
Revenue81,299M1,146.57M
Gross Profit31,999M451.28M
Operating income12,062M170.11M
Income before tax9,587M135.20M
Net income5,265M74.25M
EBITDA14,744M207.93M
Diluted EPS5.480.07
Dividends Per Share0.300.00
Total Assets123,737M1,635.62M
Total liabilities30,188M399.04M
Total equity93,439M1,235.12M
Operating cash flow2,628M37.06M
Currency in INRCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 58,125M 64,342M 66,857M 79,339M 81,299M
Gross Profit 26,217M 29,174M 32,798M 38,603M 31,999M
Operating income 14,790M 18,596M 19,140M 23,860M 12,062M
Income before tax 13,709M 29,009M 23,187M 24,345M 9,587M
Net income 8,232M 22,213M 14,791M 15,671M 5,265M
EBITDA 15,548M 19,722M 20,955M 26,176M 14,744M
Diluted EPS 8.57 23.13 15.40 16.31 5.48
Dividends Per Share 2.25 2.50 2.90 3.50 0.30
Total Assets 79,659M 102,647M 111,297M 129,330M 123,737M
Total liabilities 31,598M 35,733M 35,538M 39,948M 30,188M
Total equity 48,039M 66,904M 75,617M 89,239M 93,439M
Operating cash flow 8,277M 8,407M 6,651M 2,308M 2,628M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 887.79M 959.51M 1,037.08M 1,134.34M 1,146.57M
Gross Profit 400.43M 435.06M 508.76M 551.92M 451.28M
Operating income 225.90M 277.31M 296.90M 341.13M 170.11M
Income before tax 209.39M 432.60M 359.67M 348.07M 135.20M
Net income 125.73M 331.25M 229.43M 224.05M 74.25M
EBITDA 237.47M 294.10M 325.05M 374.24M 207.93M
Diluted EPS 0.13 0.34 0.23 0.23 0.07
Dividends Per Share 0.03 0.03 0.04 0.05 0.00
Total Assets 1,202.89M 1,580.76M 1,706.44M 1,866.90M 1,635.62M
Total liabilities 477.14M 550.28M 544.88M 576.65M 399.04M
Total equity 725.41M 1,030.32M 1,159.38M 1,288.18M 1,235.12M
Operating cash flow 126.42M 125.37M 103.17M 32.99M 37.06M

Valuation Measures

Mar 2020
PER22.62
ROA4.16%
ROE5.76%
Operating margin14.83%
Profit margin6.47%

Key executives

  • Chief Executive Officer, Executive Director & MD: Punit Subhash C. Goenka
  • President-Strategy & Operations: Atul Das
  • Chief Financial Officer: Rohit Kumar Gupta
  • Secretary & Chief Compliance Officer: Ashish Agarwal
  • Chief Growth Officer-Advertisement Revenue: Ashish Sehgal

Shareholders

  • Invesco Advisers, Inc. (38.4%)
  • Life Insurance Corp of India (4.8%)
  • GIC Pte Ltd. (Investment Management) (4.3%)
  • CHANDRA SUBHASH N (3.5%)
  • AMANSA HOLDINGS PVT LTD (3.5%)
  • The Vanguard Group, Inc. (3.0%)
  • Vontobel Asset Management, Inc. (3.0%)
  • Schroder Investment Management (Hong Kong) Ltd. (1.9%)
  • BlackRock Fund Advisors (1.7%)
  • Smallcap World Fund Inc. (1.6%)

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
Last Updated on 23 Nov, 2020

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