NSEI:SANDESH

Stock Analysis Report

Executive Summary

The Sandesh Limited engages in editing, printing, and publishing newspapers and periodicals in India.


Snowflake Analysis

Flawless balance sheet average dividend payer.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: SANDESH has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-2.3%

SANDESH

3.7%

IN Media

-1.1%

IN Market


1 Year Return

-14.2%

SANDESH

-27.4%

IN Media

7.3%

IN Market

Return vs Industry: SANDESH exceeded the Indian Media industry which returned -35% over the past year.

Return vs Market: SANDESH underperformed the Indian Market which returned 6.7% over the past year.


Shareholder returns

SANDESHIndustryMarket
7 Day-2.3%3.7%-1.1%
30 Day9.2%6.6%1.5%
90 Day6.8%8.8%5.1%
1 Year-13.5%-14.2%-26.3%-27.4%9.3%7.3%
3 Year-26.0%-27.2%-41.1%-43.0%28.9%22.0%
5 Year21.4%17.7%-34.9%-37.8%33.1%21.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

7.06x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SANDESH (₹632.35) is trading above our estimate of fair value (₹186.23)

Significantly Below Fair Value: SANDESH is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SANDESH is good value based on its PE Ratio (7.2x) compared to the Media industry average (12.2x).

PE vs Market: SANDESH is good value based on its PE Ratio (7.2x) compared to the Indian market (13.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SANDESH is good value based on its PB Ratio (0.6x) compared to the IN Media industry average (1.2x).


Next Steps

Future Growth

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

18.7%

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 Sandesh 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 Sandesh performed over the past 5 years?

3.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SANDESH has high quality earnings.

Growing Profit Margin: SANDESH's current net profit margins (16.7%) are lower than last year (17.8%).


Past Earnings Growth Analysis

Earnings Trend: SANDESH's earnings have grown by 3% per year over the past 5 years.

Accelerating Growth: SANDESH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SANDESH had negative earnings growth (-8.7%) over the past year, making it difficult to compare to the Media industry average (14.9%).


Return on Equity

High ROE: SANDESH's Return on Equity (8.8%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Sandesh's financial position?


Financial Position Analysis

Short Term Liabilities: SANDESH's short term assets (₹4.4B) exceed its short term liabilities (₹484.7M).

Long Term Liabilities: SANDESH's short term assets (₹4.4B) exceed its long term liabilities (₹95.9M).


Debt to Equity History and Analysis

Debt Level: SANDESH's debt to equity ratio (0.05%) is considered satisfactory.

Reducing Debt: SANDESH's debt to equity ratio has reduced from 5% to 0.05% over the past 5 years.

Debt Coverage: SANDESH's debt is well covered by operating cash flow (9846.9%).

Interest Coverage: SANDESH's interest payments on its debt are well covered by EBIT (232.8x coverage).


Balance Sheet

Inventory Level: SANDESH has a low level of unsold assets or inventory.

Debt Coverage by Assets: SANDESH's debt is covered by short term assets (assets are 1177x debt).


Next Steps

Dividend

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

0.80%

Current Dividend Yield


Dividend Yield vs Market

company0.8%marketbottom25%0.6%markettop25%2.3%industryaverage2.5%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: SANDESH's dividend (0.79%) is higher than the bottom 25% of dividend payers in the Indian market (0.56%).

High Dividend: SANDESH's dividend (0.79%) is low compared to the top 25% of dividend payers in the Indian market (2.31%).


Stability and Growth of Payments

Stable Dividend: SANDESH's dividends per share have been stable in the past 10 years.

Growing Dividend: SANDESH's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (5.6%), SANDESH's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Sandesh's salary, the management and board of directors tenure and is there insider trading?

14.1yrs

Average board tenure


CEO

Falgunbhai Patel (63yo)

42yrs

Tenure

₹44,250,000

Compensation

Mr. Falgunbhai Chimanbhai Patel, B.Com, M.B.A. (USA), serves as Chairman of The Sandesh Limited and has been its Managing Director since 1978. Mr. Chimanbhai has been an Executive Director of The Sandesh L ...


CEO Compensation Analysis

Compensation vs Market: Falgunbhai's total compensation ($USD624.44K) is above average for companies of similar size in the Indian market ($USD50.75K).

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


Board Age and Tenure

14.1yrs

Average Tenure

66yo

Average Age

Experienced Board: SANDESH's board of directors are seasoned and experienced ( 14.1 years average tenure).


Insider Trading

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.


Management Team

  • Parthivbhai Patel (37yo)

    MD & Executive Director

    • Tenure: 17.8yrs
    • Compensation: ₹44.25m
  • Falgunbhai Patel (63yo)

    Chairman & MD

    • Tenure: 42yrs
    • Compensation: ₹44.25m
  • Dhaval Pandya

    Compliance Officer & Company Secretary

    • Sanjay Tandon

      Chief Financial Officer

      • Yogesh Chandulal Jani (69yo)

        Whole Time Director

        • Tenure: 4.4yrs
        • Compensation: ₹860.00k

      Board Members

      • Mukesh Patel (65yo)

        Non-Executive Independent Director

        • Tenure: 14.8yrs
      • Parthivbhai Patel (37yo)

        MD & Executive Director

        • Tenure: 17.8yrs
        • Compensation: ₹44.25m
      • Pannaben Patel (67yo)

        Non-Executive Director

        • Tenure: 9.3yrs
      • Sudhirbhai Nanavati (72yo)

        Non-Executive Independent Director

        • Tenure: 19yrs
        • Compensation: ₹10.00k
      • Falgunbhai Patel (63yo)

        Chairman & MD

        • Tenure: 42yrs
        • Compensation: ₹44.25m
      • Shreyasbhai Pandya (67yo)

        Non-Executive Independent Director

        • Tenure: 14.1yrs
      • Sandeepbhai Singhi (53yo)

        Non-Executive Independent Director

        • Tenure: 7.2yrs
        • Compensation: ₹10.00k
      • Yogesh Chandulal Jani (69yo)

        Whole Time Director

        • Tenure: 4.4yrs
        • Compensation: ₹860.00k

      Company Information

      The Sandesh Limited's company bio, employee growth, exchange listings and data sources


      Key Information

      • Name: The Sandesh Limited
      • Ticker: SANDESH
      • Exchange: NSEI
      • Founded: 1923
      • Industry: Publishing
      • Sector: Media
      • Market Cap: ₹5.079b
      • Shares outstanding: 7.57m
      • Website: https://sandesh.com

      Number of Employees


      Location

      • The Sandesh Limited
      • Sandesh Bhavan
      • Lad Society Road
      • Ahmedabad
      • Gujarat
      • 380054
      • India

      Listings

      TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
      526725BSE (Mumbai Stock Exchange)YesEquity SharesININRNov 2002
      SANDESHNSEI (National Stock Exchange of India)YesEquity SharesININRNov 2002

      Biography

      The Sandesh Limited engages in editing, printing, and publishing newspapers and periodicals in India. It publishes SANDESH, a premier Gujarati daily newspaper; Stree, a magazine; Sandesh Pratyaksha Panchang, a periodical; and Agro Sandesh, a weekly newspaper for the rural community of Gujarat covering the farming, dairy, and co-operative sectors. The company also operates Sandesh News, a Gujarati news channel; Spotlight, an out of home media solution; and a Gujarati news app. In addition, it is involved in the real estate business. The company was founded in 1923 and is based in Ahmedabad, India. 


      Company Analysis and Financial Data Status

      All financial data provided by Standard & Poor's Capital IQ.
      DataLast Updated (UTC time)
      Company Analysis2020/01/23 12:52
      End of Day Share Price2020/01/23 00:00
      Earnings2019/09/30
      Annual Earnings2019/03/31


      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.