Consumer Services
Zee Entertainment Enterprises Ltd.
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- 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 2020 | INR | USD |
| Revenue | 81,299M | 1,146.57M |
| Gross Profit | 31,999M | 451.28M |
| Operating income | 12,062M | 170.11M |
| Income before tax | 9,587M | 135.20M |
| Net income | 5,265M | 74.25M |
| EBITDA | 14,744M | 207.93M |
| Diluted EPS | 5.48 | 0.07 |
| Dividends Per Share | 0.30 | 0.00 |
| Total Assets | 123,737M | 1,635.62M |
| Total liabilities | 30,188M | 399.04M |
| Total equity | 93,439M | 1,235.12M |
| Operating cash flow | 2,628M | 37.06M |
| Currency in INR | Currency in USD |
Historical Data
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 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 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 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 | |
| PER | 22.62 |
| ROA | 4.16% |
| ROE | 5.76% |
| Operating margin | 14.83% |
| Profit margin | 6.47% |
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
- Website:http://www.zeeentertainment.com
- Address: Marathon Futurex, N. M.Joshi Marg, Lower Parel, Mumbai, 400013, India
- Phone: +91.22.71061234
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
Copyright © 2020 FactSet Research Systems Inc. All rights reserved.
Last Updated on 23 Nov, 2020
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