ZEEL Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results – ZEE Entertainment, the leading vertically integrated company in media and entertainment in India operates under its wide range of brands; ZEE TV, Zee Cinema, Zee Music, Zee Smile, Zee Action, Ten Sports, Zee Sports along with several others in different languages. But on the other hand, there are more areas beyond television stations where Zee has interests through ventures such as Kidzee and ZIMA plus ZED under its fold.
Latest Update -Zee Entertainment Enterprise Ltd has announced that it made a consolidated net profit of Rs 118.10 crore for the first quarter that ended June 30, 2024. Last year in the same period, it incurred a net loss of Rs 53.42 crore.
ZEEL Overview
Contents
Zee Entertainment Enterprises is primarily involved with the following: Satellite Television Channels Broadcasting; acting as an agent for other channels selling space on satellite television, and media content Sale (such as programs/films/musical rights/feeds).
| Company Name | Zee Entertainment Enterprises Ltd |
| Listed at | NSE & BSE |
| Head Office | 18th Floor, A – Wing, Marathon Futurex, Lower Parel, |
| Board Of Directors |
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| Official Website | zeeentertainment.com |
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ZEE Business Profile
Originally founded in 1982 by India’s media tycoon, Subash Chandra, ZEE Entertainment is one of the world’s biggest providers of content that caters for over a billion people connecting through a wide range of genres, languages as well as platforms. It has invested into broadcast & digital business; movies & music and live events at Zeel.
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The company offers 48 national and 41 international channels in more than 20 languages. They have a collection of over 5000 film titles. Over 1.3 billion people worldwide watch their content on a daily basis. Moreover, they boast of the largest audience base equal to 36% of the Indian television market. Zee asserts that 7 in every 10 TV consumers watch its programs weekly thus making it the most popular entertainment network in India.
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International Footprint
Zeel became the first Indian Entertainment Company to launch an international channel, covering 170 countries with 41 channels. This also includes 9 channels in other languages except Indian.
Broadcasting Business
Zee holds the major share of India’s entertainment audience with 18.4%+. Being India\’s No. 1 entertainment network, it has the largest language reach in the country as it serves in 11 languages.
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Digital Business
the company launched ZEE5 and has rolled out over 100 Original Shows and Movies in the last two years to keep up with major OTT platforms; ZEE 5 – a competitor: ZEE 5 has also been introduced in 190 countries other than providing its interface in more than 10 regional languages which helped it gain 8 Mn Mn Monthly Active Users as at June 2020. With a 33% contribution towards total ad spends this year alone; digital Business is ranked second after Television in terms of advertising revenues during CY21.
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Music business
Created in 2014 as a music publishing platform Zee Music has gone on to acquire 50% of new Bollywood music by producing 1000 songs each year thereby establishing itself as one of the top music labels in the country. It has over 7000 songs in its catalog and is the second, fourth most subscribed YouTube channel domestically and internationally.
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Debt Burden and Governance
Mr. Subash Chandra promoted the Essel group, of which Zeel was a flag company and had an 11,000 Cr debt. Using 36% of their Zeel shares as collateral, the initiators took out loans, selling most of these shares. From 41.5% in 2018, their proportion had dropped to 3.99% as of March 2023.
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| Parameter | Value |
|---|---|
| Market Cap | ₹ 14,831 Cr. |
| Current Price | ₹ 154 |
| High / Low | ₹ 300 / 126 |
| Stock P/E | 45.7 |
| Book Value | ₹ 113 |
| Dividend Yield | 0.00 % |
| ROCE | 6.62 % |
| ROE | 3.01 % |
| Face Value | ₹ 1.00 |
| Debt to Equity | 0.02 |
| Debt Capacity | 0.19 |
| Debt Preceding Year | ₹ 282 Cr. |
| Debt | ₹ 230 Cr. |
| Reserves | ₹ 10,777 Cr. |
| EPS | ₹ 1.47 |
| EPS Last Year | ₹ 1.47 |
| Pledged Percentage | 5.38 % |
| FCF Prev Ann | ₹ -127 Cr. |
| EV/EBITDA | 13.3 |
| Industry PE | 45.7 |
| PEG Ratio | -1.68 |
| Piotroski Score | 8.00 |
| Earnings Yield | 5.27 % |
| Sales Growth (5 Years) | 1.71 % |
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ZEEL Quarterly Results
| Metric | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Sales (₹ Cr) | 2,322 | 1,843 | 2,024 | 2,109 | 2,112 | 1,984 | 2,438 | 2,046 | 2,170 |
| Expenses (₹ Cr) | 1,797 | 1,575 | 1,709 | 1,737 | 1,960 | 1,825 | 2,105 | 1,836 | 1,960 |
| Operating Profit (₹ Cr) | 525 | 268 | 315 | 372 | 152 | 159 | 333 | 209 | 210 |
| OPM % | 23% | 15% | 16% | 18% | 7% | 8% | 14% | 10% | 10% |
| Other Income (₹ Cr) | -99 | -20 | -54 | -187 | -199 | -113 | -55 | -27 | -11 |
| Interest (₹ Cr) | 38 | 8 | 10 | 13 | 40 | 23 | 23 | 18 | 7 |
| Depreciation (₹ Cr) | 60 | 71 | 74 | 84 | 83 | 79 | 77 | 76 | 77 |
| Profit Before Tax (₹ Cr) | 328 | 169 | 177 | 88 | -170 | -57 | 177 | 87 | 115 |
| Tax % | 45% | 37% | 36% | 72% | -15% | 6% | 31% | 33% | 88% |
| Net Profit (₹ Cr) | 182 | 107 | 113 | 24 | -196 | -53 | 123 | 59 | 13 |
| EPS (₹) | 1.89 | 1.11 | 1.18 | 0.25 | -2.04 | -0.56 | 1.28 | 0.61 | 0.14 |
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CAGR Report
| Metric | 10 Years | 5 Years | 3 Years | 1 Year/TTM |
|---|---|---|---|---|
| Compounded Sales Growth | 7% | 2% | 4% | 7% (TTM) |
| Compounded Profit Growth | -10% | -27% | -28% | 763% (TTM) |
| Stock Price CAGR | -6% | -15% | -11% | -11% |
| Return on Equity | 11% | 6% | 4% | 3% (Last Year) |
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| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Promoters (%) | 43.07% | 41.62% | 38.20% | 4.77% | 3.99% | 3.99% | 3.99% | 3.99% |
| FIIs (%) | 46.35% | 41.38% | 44.96% | 68.27% | 64.15% | 47.86% | 36.39% | 19.18% |
| DIIs (%) | 4.38% | 10.61% | 11.23% | 10.91% | 12.40% | 24.19% | 38.03% | 35.30% |
| Government (%) | 0.07% | 0.19% | 0.15% | 0.15% | 0.15% | 0.15% | 0.15% | 0.15% |
| Public (%) | 6.12% | 6.20% | 5.46% | 15.91% | 19.31% | 23.81% | 21.43% | 41.38% |
| No. of Shareholders | 96,375 | 91,846 | 1,10,555 | 1,81,587 | 2,70,563 | 4,03,885 | 4,14,815 | 6,27,625 |
| Year | Initial Target | Mid-Year Target | Year-End Target |
|---|---|---|---|
| 2024 | ₹322.22 | ₹381.62 | ₹417.26 |
| 2025 | ₹426 | ₹401 | ₹478 |
| 2026 | ₹488 | ₹459 | ₹548 |
| 2027 | ₹559 | ₹525 | ₹627 |
| 2028 | ₹640 | ₹602 | ₹719 |
| 2029 | ₹733 | ₹689 | ₹824 |
| 2030 | ₹840 | ₹790 | ₹944 |
| Month | Target |
| January | ₹426 |
| February | ₹435 |
| March | ₹444 |
| April | ₹429 |
| May | ₹415 |
| June | ₹401 |
| July | ₹417 |
| August | ₹434 |
| September | ₹451 |
| October | ₹460 |
| November | ₹469 |
| December | ₹478 |
| Month | Target |
| January | ₹488 |
| February | ₹498 |
| March | ₹508 |
| April | ₹491 |
| May | ₹475 |
| June | ₹459 |
| July | ₹477 |
| August | ₹496 |
| September | ₹516 |
| October | ₹526 |
| November | ₹537 |
| December | ₹548 |
| Month | Target |
| January | ₹559 |
| February | ₹570 |
| March | ₹581 |
| April | ₹562 |
| May | ₹543 |
| June | ₹525 |
| July | ₹546 |
| August | ₹568 |
| September | ₹591 |
| October | ₹603 |
| November | ₹615 |
| December | ₹627 |
| Month | Target |
| January | ₹640 |
| February | ₹653 |
| March | ₹666 |
| April | ₹644 |
| May | ₹623 |
| June | ₹602 |
| July | ₹626 |
| August | ₹651 |
| September | ₹677 |
| October | ₹691 |
| November | ₹705 |
| December | ₹719 |
| Month | Target |
| January | ₹733 |
| February | ₹748 |
| March | ₹763 |
| April | ₹738 |
| May | ₹713 |
| June | ₹689 |
| July | ₹717 |
| August | ₹746 |
| September | ₹776 |
| October | ₹792 |
| November | ₹808 |
| December | ₹824 |
| Month | Target |
| January | ₹840 |
| February | ₹857 |
| March | ₹874 |
| April | ₹845 |
| May | ₹817 |
| June | ₹790 |
| July | ₹822 |
| August | ₹855 |
| September | ₹889 |
| October | ₹907 |
| November | ₹925 |
| December | ₹944 |
Official Website – zeeentertainment.com