NSEI:DEN

Stock Analysis Report

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Executive Summary

DEN Networks Limited, a mass media and entertainment company, distributes television channels through digital cable distribution network in India and internationally. More Details


Snowflake Analysis

Flawless balance sheet and fair value.


Similar Companies

Share Price & News

How has DEN Networks's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: DEN is more volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: DEN's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of Indian stocks.


Market Performance


7 Day Return

-0.7%

DEN

0.6%

IN Media

2.1%

IN Market


1 Year Return

75.7%

DEN

-13.4%

IN Media

7.0%

IN Market

Return vs Industry: DEN exceeded the Indian Media industry which returned -13.8% over the past year.

Return vs Market: DEN exceeded the Indian Market which returned 7% over the past year.


Shareholder returns

DENIndustryMarket
7 Day-0.7%0.6%2.1%
30 Day-6.1%1.2%9.1%
90 Day-12.5%-8.6%9.3%
1 Year75.7%75.7%-12.0%-13.4%9.0%7.0%
3 Year-29.9%-29.9%-60.0%-61.5%6.7%1.5%
5 Year-33.3%-33.3%-47.6%-50.0%53.5%42.0%

Long-Term Price Volatility Vs. Market

How volatile is DEN Networks's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is DEN Networks undervalued compared to its fair value and its price relative to the market?

33.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DEN (₹69.85) is trading below our estimate of fair value (₹104.31)

Significantly Below Fair Value: DEN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: DEN is poor value based on its PE Ratio (23.8x) compared to the IN Media industry average (13.6x).

PE vs Market: DEN is poor value based on its PE Ratio (23.8x) compared to the Indian market (17.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate DEN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: DEN is good value based on its PB Ratio (1.2x) compared to the IN Media industry average (1.3x).


Next Steps

Future Growth

How is DEN Networks forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

31.1%

Forecasted Media industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as DEN Networks has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has DEN Networks performed over the past 5 years?

35.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DEN has high quality earnings.

Growing Profit Margin: DEN became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: DEN has become profitable over the past 5 years, growing earnings by 35.9% per year.

Accelerating Growth: DEN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: DEN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Media industry (-24.3%).


Return on Equity

High ROE: DEN's Return on Equity (4.7%) is considered low.


Next Steps

Financial Health

How is DEN Networks's financial position?


Financial Position Analysis

Short Term Liabilities: DEN's short term assets (₹25.4B) exceed its short term liabilities (₹5.7B).

Long Term Liabilities: DEN's short term assets (₹25.4B) exceed its long term liabilities (₹1.7B).


Debt to Equity History and Analysis

Debt Level: DEN's debt to equity ratio (0%) is considered satisfactory.

Reducing Debt: DEN's debt to equity ratio has reduced from 65.9% to 0% over the past 5 years.

Debt Coverage: DEN's debt is well covered by operating cash flow (1029500%).

Interest Coverage: DEN earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is DEN Networks's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate DEN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate DEN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if DEN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if DEN's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of DEN's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.3yrs

Average management tenure


CEO

Shailender Sharma (59 yo)

4.33yrs

Tenure

₹52,500,000

Compensation

Mr. Shailender Nath Sharma has been the Chief Executive Officer of DEN Networks Limited since July 19, 2016. Mr. Sharma served as the Chief Executive Officer of Reliance Jio Infocomm Limited until July 5, ...


CEO Compensation Analysis

Compensation vs Market: Shailender's total compensation ($USD711.54K) is above average for companies of similar size in the Indian market ($USD354.15K).

Compensation vs Earnings: Shailender's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Sameer Manchanda
Chairman & MD10.17yrs₹32.54m3.69%
₹ 1.2b
Shailender Sharma
Chief Executive Officer4.33yrs₹52.50m0.13%
₹ 42.1m
Satyendra Jindal
Chief Financial Officer1.58yrs₹6.63mno data
Jatin Mahajan
Compliance Officer & Company Secretaryno data₹3.97mno data
Mohammad Azhar
Chief Operating Officer9.08yrs₹8.40mno data
Sanjay Jain
Group Chief Technology Officer5.5yrsno datano data
Rajiv Tiwari
General Manager of Legalno datano datano data
Niti Gupta
General Manager of Human Resourcesno datano datano data
Sunil Punj
Senior Vice President of Operationsno data₹8.00mno data
Amrendra Kumar
Head of ITno datano datano data
Amit Rohatgi
Head of Billing & Collectionno datano datano data
Vikas Bali
President of Digital Services & Corporate Strategy12.83yrs₹11.00mno data

7.3yrs

Average Tenure

51yo

Average Age

Experienced Management: DEN's management team is seasoned and experienced (7.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Sameer Manchanda
Chairman & MD10.17yrs₹32.54m3.69%
₹ 1.2b
Atul Sharma
Non-Executive Independent Director11.33yrs₹70.00kno data
Ajaya Chand
Non-Executive Independent Director12.17yrs₹430.00k0.013%
₹ 4.5m
Geeta Fulwadaya
Non-Executive Director1.67yrs₹300.00kno data
Archana Hingorani
Non-Executive Nominee Director3yrs₹280.00kno data
Saurabh Sancheti
Non-Executive Director1.67yrs₹340.00kno data
Anuj Jain
Non-Executive Director1.67yrs₹200.00kno data
Rajendra Hingwala
Independent Non-Executive Director0.92yr₹110.00kno data

2.3yrs

Average Tenure

55yo

Average Age

Experienced Board: DEN's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

DEN Networks Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: DEN Networks Limited
  • Ticker: DEN
  • Exchange: NSEI
  • Founded: 2007
  • Industry: Cable and Satellite
  • Sector: Media
  • Market Cap: ₹33.501b
  • Shares outstanding: 477.22m
  • Website: https://www.dennetworks.com

Location

  • DEN Networks Limited
  • Unit No.116, C Wing, Bldg. No. 2
  • 1st Floor
  • Mumbai
  • Maharashtra
  • 400079
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DENNSEI (National Stock Exchange of India)YesEquity SharesININRNov 2009
533137BSE (Mumbai Stock Exchange)YesEquity SharesININRNov 2009

Biography

DEN Networks Limited, a mass media and entertainment company, distributes television channels through digital cable distribution network in India and internationally. The company also offers cable TV, over...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 12:15
End of Day Share Price2020/11/26 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.