Buy Zee Entertainment Enterprises, target price Rs 300: JM Financial
Release of Thinuvu (Tamil), Mr Chaterjee Vs Norway and other regional releases during the quarter should help improve other sales & services revenue sequentially .
By ETMarkets.com | Updated:
Agencies
JM Financial has buy call on Zee Entertainment Enterprises with a target price of Rs 300. The current market price of Zee Entertainment Enterprises is Rs 204.95.
Zee Entertainment Enterprises, incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 19666.64 Crore) operating in Media & Entertainment sector.
Zee Entertainment Enterprises key Products/Revenue Segments include Income From Advertisement, Subscription Income, Theatrical Exhibition, Television Content, Transmission Revenue, Commission and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 2127.23 Crore, up 3.97 % from last quarter Total Income of Rs 2046.00 Crore and down -.15 % from last year same quarter Total Income of Rs 2130.44 Crore. Company has reported net profit after tax of Rs 24.54 Crore in latest quarter.
The company’s top management includes Dr.Subhash Chandra, Mr.R Gopalan, Mr.Punit Goenka, Mr.Piyush Pandey, Mr.Adesh Kumar Gupta, Mr.Alicia Yi, Mr.Sasha Mirchandani, Mr.Vivek Mehra. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-03-2023, the company has a total of 96 Crore shares outstanding.
Release of Thinuvu (Tamil), Mr Chaterjee Vs Norway and other regional releases during the quarter should help improve other sales & services revenue sequentially .
Promoter/FII Holdings
Promoters held 3.99 per cent stake in the company as of 31-Mar-2023, while FIIs owned 36.39 per cent, DIIs 38.03 per cent.
Zee Entertainment Enterprises, incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 19666.64 Crore) operating in Media & Entertainment sector.
Zee Entertainment Enterprises key Products/Revenue Segments include Income From Advertisement, Subscription Income, Theatrical Exhibition, Television Content, Transmission Revenue, Commission and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 2127.23 Crore, up 3.97 % from last quarter Total Income of Rs 2046.00 Crore and down -.15 % from last year same quarter Total Income of Rs 2130.44 Crore. Company has reported net profit after tax of Rs 24.54 Crore in latest quarter.
The company’s top management includes Dr.Subhash Chandra, Mr.R Gopalan, Mr.Punit Goenka, Mr.Piyush Pandey, Mr.Adesh Kumar Gupta, Mr.Alicia Yi, Mr.Sasha Mirchandani, Mr.Vivek Mehra. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-03-2023, the company has a total of 96 Crore shares outstanding.
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Investment RationaleRelease of Thinuvu (Tamil), Mr Chaterjee Vs Norway and other regional releases during the quarter should help improve other sales & services revenue sequentially .
Promoter/FII Holdings
Promoters held 3.99 per cent stake in the company as of 31-Mar-2023, while FIIs owned 36.39 per cent, DIIs 38.03 per cent.
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