Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Research

| More

Shemaroo Entertainment Ltd - Q2 FY2018 Result Update Rating - NEUTRAL - Arihant Capital Markets

Posted On: 2017-12-18 04:19:36

The company has shown growth in performance for the quarter with revenue increasing at 12.7% YoY and 23.8% sequentially on standalone front. On consolidated front the revenue grew by 18% YoY.

Revenue from digital media continued the upward curve with 42% growth rate when compared to corresponding quarter of previous year. Share of new media to revenue grew to 25% vs 21% in corresponding quarter of previous year.

Traditional media grew by 13.2% YoY for the quarter under review and sequentially the revenue growth grew by 35.7%. Share in revenue for traditional media stood at 75% vs 79% YoY and 72% sequentially.

Operating margins for the company stood steady owing to the higher expenditure. EBITDA margin declined to 25% for the quarter under review against 29.8% in the corresponding quarter of the previous year & 33.5% sequentially.

Profitability for the company deteriorated on standalone basis in comparison of both YoY and sequential basis. Net profit for the quarter under review came in at Rs 14.7 cr vs Rs 16.8 cr in the corresponding quarter of the previous year and Rs.16.9 cr on sequential basis.

On consolidated front revenue for the quarter came in at Rs. 134 crore, registering 18.3% YoY growth and net profit grew by 23.8% YoY to Rs 19 cr.

Some highlights for quarter:

1. Company licensed and monetized the live feed of Lalbaugcha Raja on Mobile, DTH & Internet platforms.
2. Company signed a content deal with Etisalat.
3. Crossed 2 Bn cumulative views on their YouTube channel 'ShemarooENT'.
4. Crossed 5 Mn subscribers on their YouTube channel 'FilmiGaane'.

Valuation:

The company has positive outlook towards growth in media sector and plans to expand in digital media business. At CMP of Rs 403 company trades at a P/E multiple of 12.6(x) its FY 19 estimates. We have valued the stock at its FY 19E forward P/E of 13(x) and arrived at a fair value of Rs 417 per share. We have "NEUTRAL" rating on the company.

Shares of Shemaroo Entertainment Ltd was last trading in BSE at Rs.408.9 as compared to the previous close of Rs. 405.75. The total number of shares traded during the day was 8195 in over 291 trades.

The stock hit an intraday high of Rs. 413.5 and intraday low of 401.7. The net turnover during the day was Rs. 3354374.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com


Disclaimer:The article above is a gist / extract of the original report prepared by the research firm / brokerage firm. This article is not to be considered as an offer to sell or a solicitation to buy any securities. This article is meant for general information only. www.equitybulls.com, its employees or owners or the research firms, its employees or owners won't be responsible for any liability that may arise from information, errors or omissions in these articles. www.equitybulls.com or its employees or owners / the research firms or its employees or clients or owners may from time to time hold positions in securities referred in this article. For detailed research reports, please contact the concerned research firm directly.





Other Headlines:

Result Update: Vascon Engineers Ltd - BUY - TP Rs.48 - Kotak

Result Update: Voltamp Ltd - BUY - TP Rs.1320 - Kotak

Result Update: Bodal Chemicals Ltd - REDUCE - TP Rs.130 - Kotak

Result Update: MIRC Electronics Ltd - ACCUMULATE - TP Rs.32 - Kotak

Result Update: Shankara Building Products Ltd - BUY - TP Rs.2017 - Kotak

Result Update: Dilip Buildcon Ltd - BUY - TP Rs.1276 - Kotak

Result Update: Zensar Technologies Ltd - ACCUMULATE - TP Rs.1373 - Kotak

Result Update: The India Cements Ltd - REDUCE - TP Rs.112 - Kotak

Result Update: Nagarjuna Construction Co Ltd - BUY - TP Rs.151 - Kotak

Result Update: Berger Paints Ltd - SELL - TP Rs.305 - Kotak

Result Update: Allcargo Logistics Ltd - BUY - TP Rs.145 - Kotak

Result Update: Aksharchem (India) Ltd - REDUCE - TP Rs.533 - Kotak

Result Update: AIA Engineering Ltd - SELL - TP Rs.1700 - Kotak

Result Update: Cummins India Ltd - BUY - TP Rs.785 - Kotak

Result Update: Dollar Industries Ltd - BUY - TP Rs.427 - Kotak

Result Update: KNR Constructions Ltd - BUY - TP Rs.283 - Kotak

Result Update: Finolex Industries Ltd - ACCUMULATE - TP Rs.671 - Kotak

Result Update: MOIL Ltd - BUY - TP Rs.260 - Kotak

Result Update: VRL Logistics Ltd - BUY - TP Rs.395 - Kotak

Result Update: Voltas Ltd - ACCUMULATE - TP Rs.658 - Kotak

Result Update: Va Tech Wabag Ltd - BUY - TP Rs.476 - Kotak

Result Update: Mahindra Holiday Resorts India Ltd - BUY - TP Rs.390 - Kotak

Result Update: Sterling Tools Ltd - ACCUMULATE - TP Rs.418 - Kotak

Result Update: MRPL - BUY - TP Rs.106 - Kotak

Result Update: Indraprastha Gas Ltd - SELL - TP Rs.257 - Kotak

Result Update: Engineers India Ltd - BUY - TP Rs.187 - Kotak

Initiating Coverage: Amber Enterprises - BUY - TP Rs.1145 - Kotak

Karia Can Company Ltd Q1FY19 net profit slips to Rs. 1.88 crore

Result Update: Bajaj Electricals Ltd - SELL - TP Rs.545 - Kotak

Result Update: Gabriel India Ltd - BUY - TP Rs.185 - Kotak

Result Update: Blue Star Ltd - ACCUMULATE - TP Rs.743 - Kotak

Result Update: The Phoenix Mills Ltd - ACCUMULATE - TP Rs.707 - Kotak

Result Update: NMDC Ltd - BUY - TP Rs.125 - Kotak

Result Update: National Aluminium Company Ltd - BUY - TP Rs.100 - Kotak

Result Update: PNC Infratech Ltd - BUY - TP Rs.219 - Kotak

Result Update: Insecticides India Ltd - BUY - TP Rs.892 - Kotak

Result Update: Mirza International Ltd - BUY - TP Rs.120 - Kotak

Wonderla Holidays Ltd - Kotak

Result Update: Greenply Industries Ltd - BUY - TP Rs.286 - Kotak

Result Update: Praj Industries Ltd - ACCUMULATE - TP Rs.89 - Kotak

Cholamandalam Investment & Finance Co. Ltd - Outperformer - Centrum

Initial Public Offer: CreditAccess Grameen Ltd - NOT RATED - Kotak

Result Update: Adani Ports and SEZ - BUY - TP Rs.485 - Kotak

Result Update: Carborundum Universal Limited - BUY - TP Rs.420 - Kotak

Result Update: Arvind Ltd - BUY - TP Rs.500 - Kotak

Result Update: Indocount Industries Limited - BUY - TP Rs.103 - Kotak

Result Update: Mahindra & Mahindra Ltd - ACCUMULATE - TP Rs.984 - Kotak

Initiating Coverage: Essel Propack Ltd - BUY - TP Rs.140 - Kotak

Sector Update: Natural Gas Sector - Kotak

Analyst Meet Update: Hero MotoCorp Ltd - ACCUMULATE - TP Rs.3473 - Kotak





Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2018