Disclaimer: TV18 Broadcast's Analysis and recommendation is purely for knowledge purpose and not to consider as any financial advice. Data are collected from various sources and analysed.For testing accuracy paper trading can be done
CMP AS ON 05.05.2017
TV18 successfully completed the acquisition of ETV in this financial year and now houses a bouquet of 10 regional news channels. TV18 Broadcast Ltd is one of India’s popular television
broadcasting networks. It includes one of India’s leading news networks
comprising channels such as CNBC-TV18, CNBC Awaaz, CNBC-TV18 Prime HD,
CNN-News18, IBN7 and IBN-Lokmat (a Marathi regional news channel in partnership
with the Lokmat group) .TV18 and Viacom18 have also formed a strategic joint
venture called IndiaCast, a multi-platform content asset Monetization’ entity
mandated to drive domestic and international channels distribution, placement services
and content syndication for the bouquet of channels from TV18, Viacom18 and
other broadcasters.
CMP AS ON 05.05.2017
About the Company:
TV18 successfully completed the acquisition of ETV in this financial year and now houses a bouquet of 10 regional news channels. TV18 Broadcast Ltd is one of India’s popular television
broadcasting networks. It includes one of India’s leading news networks
comprising channels such as CNBC-TV18, CNBC Awaaz, CNBC-TV18 Prime HD,
CNN-News18, IBN7 and IBN-Lokmat (a Marathi regional news channel in partnership
with the Lokmat group) .TV18 and Viacom18 have also formed a strategic joint
venture called IndiaCast, a multi-platform content asset Monetization’ entity
mandated to drive domestic and international channels distribution, placement services
and content syndication for the bouquet of channels from TV18, Viacom18 and
other broadcasters.
Source: Network 18 Website
What's new for TV18 Broadcast?
- Both Quarterly and yearly increase in revenue but increased expense made income statement look bit soft.
- Reduced Investments in financial assets and used money to invest in assets and finance expenses.
- Revenue earned is Positive
- They introduced 10 new channels. 5 HD feeds of existing channels which is three regional and Vh1 and Comedy Central.TV 18 also deepened and widened presence in regional through Colors Super which has got launched and have introduced MTV Beats which is a 24x7 channel both in HD and SD.
- The latest mergers looks promising.
- Recovery shown in 4th quarter compared to 3rd quarter.
- Better doing channels like CNBC and News18
- Estd Rishtey Cineplex
- Expecting reduced expenses.
Shareholding pattern
Performance analysis
The Performance analysis base year is took as 2016. TV 18 has given lowest return while comparing the Nifty Media Index and giants like SUN Network and Zee Entertainment who are the major players in the sector, While analysing the performance the company is yet to show its true potential and by considering the latest announcements from board of TV 18 good return is expected from this stock. The Promoter stake is constant.
Key Financials
Market Cap -6848 Crore
EPS- 0.59
P/E- 67.71
P/B-1.84
Technical Analysis
The Technical analysis of TV18 is showing a immediate support at 38 levels and second support is at 35 levels. The stock is having resistance at 43 levels and if breaks it can climb up to 50. The Stock RSI is Positive and looks oversold. From Technical front bullish outlook is yet to come. Still downward is limited.
House View
The Positive trend in market and media industry is good for the stock. The business is expected to increase and financials will also pick up from next quarter.Increase in revenue and EPS are expected. Costs are expected to get reduced.
Support levels are 38 and 35. The stock is undervalued and expected to touch 43-45 in medium term and 50 by end of 2017
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