Financials Sun TV Network Limited

Equities

SUNTV

INE424H01027

Broadcasting

Market Closed - NSE India S.E. Other stock markets 12:40:31 13/09/2024 BST			5-day change	1st Jan Change
825.25 ^INR	+2.01%		+3.06%	+15.87%

08-27	Sun TV Network Limited Receives Order from Office of the Deputy Commissioner of State Tax, ST-IV, Large Taxpayers Unit, Tamil Nadu	CI
08-26	Sun TTV v Network Limited Receives Order from Office of the Superintendent of Central Tax, Panjagutta CST Range, Ameerpet CST Division, Hyderabad, Telangana	CI

Projected Income Statement: Sun TV Network Limited

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	35,198	31,769	35,848	37,720	42,821	43,907	47,279	50,150
Change	-	-9.74%	12.84%	5.22%	13.52%	2.54%	7.68%	6.07%
EBITDA ¹	22,759	20,714	22,875	23,930	26,381	25,760	27,935	29,578
Change	-	-8.99%	10.43%	4.61%	10.24%	-2.35%	8.44%	5.88%
EBIT ¹	15,757	16,675	19,814	19,105	21,064	21,116	22,833	24,250
Change	-	5.82%	18.83%	-3.57%	10.25%	0.25%	8.13%	6.21%
Interest Paid ¹	-127.5	-268.6	-332.5	-94.2	-85.6	-86.29	-97.88	-91.14
Earnings before Tax (EBT) ¹	18,194	19,410	21,954	22,782	26,131	26,589	28,961	31,393
Change	-	6.68%	13.1%	3.77%	14.7%	1.75%	8.92%	8.4%
Net income ¹	13,852	15,250	16,418	17,064	19,251	19,857	21,554	22,936
Change	-	10.1%	7.66%	3.94%	12.81%	3.15%	8.55%	6.41%
Announcement Date	26/06/20	11/06/21	27/05/22	19/05/23	24/05/24	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2020 Q2	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	8,255	7,687	9,941	8,026	8,189	8,487	10,604	8,568	12,191	8,256	8,869	8,404	13,492	10,484	9,232	9,613	13,124	8,791	9,195	11,069	17,103	9,236	9,660	11,723
Change	-	-6.88%	29.33%	-19.27%	2.03%	3.64%	24.95%	-19.2%	42.28%	-32.28%	7.42%	-5.25%	60.55%	-22.29%	-11.95%	4.13%	36.53%	-39.14%	4.6%	20.39%	54.51%	-46%	4.59%	21.36%
EBITDA ¹	4,792	5,021	6,081	5,509	4,871	5,285	7,349	5,639	7,733	5,375	5,843	4,978	7,974	7,278	5,893	5,229	7,169	-	-	-	-	-	-	-
Change	-	4.77%	21.11%	-9.4%	-11.58%	8.5%	39.04%	-23.27%	37.14%	-30.49%	8.7%	-14.8%	60.19%	-8.73%	-19.03%	-11.27%	37.09%	-100%	-	-	-	-	-	-
EBIT ¹	-	4,053	5,339	4,648	4,491	4,882	5,768	4,943	5,608	4,574	4,707	4,233	7,079	5,091	4,740	4,148	6,056	4,131	4,487	5,087	8,877	4,358	4,692	5,366
Change	-	-	31.73%	-12.94%	-3.38%	8.69%	18.16%	-14.31%	13.45%	-18.42%	2.9%	-10.07%	67.24%	-28.09%	-6.89%	-12.49%	45.98%	-45.2%	8.61%	13.36%	74.51%	-50.91%	7.68%	14.35%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-16.8	-	-	-13.5	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	-	4,495	5,960	5,434	4,923	5,296	6,232	5,504	6,585	5,438	5,667	5,066	8,268	6,191	6,118	5,553	7,527	5,531	5,887	6,782	10,377	5,858	6,192	7,182
Change	-	-	32.58%	-8.83%	-9.41%	7.59%	17.66%	-11.68%	19.65%	-17.42%	4.21%	-10.6%	63.2%	-25.12%	-1.17%	-9.24%	35.54%	-42.45%	6.43%	15.21%	53%	-43.55%	5.71%	15.98%
Net income ¹	3,687	3,351	4,455	4,875	3,652	3,955	4,710	4,102	4,939	4,073	4,250	3,802	5,919	4,645	4,539	4,147	5,596	4,135	4,401	5,107	7,760	4,380	4,630	5,405
Change	-	-9.12%	32.96%	9.41%	-25.07%	8.28%	19.1%	-12.92%	20.41%	-17.53%	4.34%	-10.53%	55.68%	-21.52%	-2.3%	-8.62%	34.92%	-37.71%	6.44%	16.02%	51.97%	-43.56%	5.72%	16.73%
Announcement Date	12/11/19	12/11/20	08/02/21	11/06/21	13/08/21	05/11/21	10/02/22	27/05/22	12/08/22	11/11/22	03/02/23	19/05/23	11/08/23	10/11/23	14/02/24	24/05/24	09/08/24	-	-	-	-	-	-	-

¹INR in Million

Estimates

Forecast Balance Sheet: Sun TV Network Limited

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-28,632	-37,361	-34,534	-37,010	-51,046	-74,934	-85,924	-103,161
Change	-	-230.49%	-192.43%	-207.17%	-237.92%	-246.8%	-214.67%	-220.06%
Announcement Date	26/06/20	11/06/21	27/05/22	19/05/23	24/05/24	-	-	-

¹INR in Million

Estimates

Cash Flow Forecast: Sun TV Network Limited

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	6,594	2,340	11,300	5,699	5,112	5,587	5,981	6,356
Change	-	-64.52%	382.96%	-49.56%	-10.31%	9.3%	7.04%	6.27%
Free Cash Flow (FCF) ¹	9,962	12,302	5,036	15,256	16,601	14,066	16,332	18,271
Change	-	23.5%	-59.06%	202.91%	8.82%	-15.27%	16.11%	11.87%
Announcement Date	26/06/20	11/06/21	27/05/22	19/05/23	24/05/24	-	-	-

¹INR in Million

Estimates

Forecast Financial Ratios: Sun TV Network Limited

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	64.66%	65.2%	63.81%	63.44%	61.61%	58.67%	59.08%	58.98%
EBIT Margin (%)	44.77%	52.49%	55.27%	50.65%	49.19%	48.09%	48.29%	48.36%
EBT Margin (%)	51.69%	61.1%	61.24%	60.4%	61.02%	60.56%	61.26%	62.6%
Net margin (%)	39.35%	48%	45.8%	45.24%	44.96%	45.22%	45.59%	45.74%
FCF margin (%)	28.3%	38.72%	14.05%	40.44%	38.77%	32.04%	34.54%	36.43%
FCF / Net Income (%)	71.92%	80.67%	30.68%	89.4%	86.24%	70.84%	75.77%	79.66%
Profitability
ROA	21.8%	21.1%	19.49%	17.92%	17.85%	14.27%	13.8%	13.2%
ROE	24.62%	23.87%	21.59%	19.58%	19.44%	17.73%	17.34%	17.25%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	18.73%	7.37%	31.52%	15.11%	11.94%	12.73%	12.65%	12.67%
CAPEX / EBITDA (%)	28.97%	11.3%	49.4%	23.82%	19.38%	21.69%	21.41%	21.49%
CAPEX / FCF (%)	66.2%	19.02%	224.38%	37.36%	30.79%	39.72%	36.62%	34.79%
Items per share
Cash flow per share ¹	42.03	37.15	41.45	53.19	55.1	56.85	63.89	68.36
Change	-	-11.6%	11.58%	28.3%	3.6%	3.19%	12.38%	6.99%
Dividend per Share ¹	25	5	13.75	15	16.75	19.54	22.58	23.21
Change	-	-80%	175%	9.09%	11.67%	16.66%	15.56%	2.8%
Book Value Per Share ¹	145.3	179	206.9	235.3	267.4	301.1	334.9	368.5
Change	-	23.23%	15.61%	13.69%	13.64%	12.62%	11.24%	10.03%
EPS ¹	35.16	38.7	41.66	43.31	48.86	50.37	54.67	58.18
Change	-	10.07%	7.65%	3.96%	12.81%	3.08%	8.54%	6.43%
Nbr of stocks (in thousands)	394,085	394,085	394,085	394,085	394,085	394,085	394,085	394,085
Announcement Date	26/06/20	11/06/21	27/05/22	19/05/23	24/05/24	-	-	-