Table of Contents
Before we discuss on our topic that Is it good to buy zee entertainment share we will first see the overall history of Zee entertainment share and company.
Company Profile (Zee Entertainment Enterprises Ltd)
- Founded in 1982, headquartered in Mumbai, India
- Operator of numerous domestic and international television networks spanning multiple categories, including General Entertainment Channels, Regional Channels, English Language Films, Kids Programming, Devotional Content, etc
- Owns digital assets, particularly the popular streaming platform ZEE5
- Produces and markets feature films under brands like Zee Studios and Zee Plex
- Also involved in publishing music via Zee Music CO
Market Capitalization
According to the latest report found, ZEEL holds second position in terms of market capitalization ranking within the Media & Entertainment sector in India, valued at ₹18,297.89 crores. This might imply significant influence in the segment despite lacking absolute numbers representing market dominance.
Below are some key indicators to help us answers Is it good to buy zee entertainment share
- Performance : Over the last five years revenue growth is 2.62% which is lower that industry growth which is around 8.16% also its Market has been also decrease to 39.71% from 51.63%.
- Debt to equity ration: Over the last 5 years, debt to equity ratio has been 3.01%, vs industry avg of 11.07% which is good sign for this company.
- Higher than industry Current Ratio: Over the last 5 years, current ratio has been has also higher that industry growth 414.96%, vs industry avg of 280.8%.
- Cash Flow : For the Year ended Mar ‘2023 cash flow is negative 138.60 cr. (In simple words, negative cash flow means more cash going out of the business than cash earning.
- Price to Earning Ration : PE ration for the company is 387.12. In straightforward words Cost to Profit Proportion or Cost to Income Numerous is the proportion of offer cost of a stock to its income per share (EPS). Price-earning relationship is one of the most well known valuation metric of stocks. It provides indication whether a stock at its current market price is expensive or cheap. Generally experts suggest that good PE ration is between 25 to 30. In Zee enetertainment share case it is showing 387.12
- Price to Book value ration : Price to Boo k value ratio is calculation by divided market price of the share with its book value. Investors may consider such stocks as potential bargains. P/B > 1: A P/B Proportion more noteworthy than 1 method the stock is exchanging over its book esteem, which could infer overvaluation. Financial backers ought to practice alert as this would show a possibly overrated stock. Financial investor ought to practice alert as this would show a possibly overrated stock. PB ration for Zee entertainment is 1.73.
- Promoter holding: Promoter holding in the company is 3.99 % which is constant from last 6 months. However retail holding has been increase by 1.37% from last three months and foreign institution holding has been decrease by 6.80% which is again not a good sign.
- Dividen Yield : Dividend yield ratio is 2.08 % which is good for the investor. In the easiest type of computation, you can take how much profit per offer and gap it with the market esteem per offer to get the dividend yield.
Last dividend was distributed in 15 sep’22 for Rs. 3.
Above figures source is tickertape.com please refer below link
https://www.tickertape.in/stocks/zee-entertainment-enterprises-ZEE
Summary of Analysis for our topic Is it good to buy zee entertainment share
Is it good to buy zee entertainment share can be decided after conducting carefully research on above factors and analyze the company’s fundamentals, valuation, and risks before making a decision about purchasing ZEEL stocks. Additionally, keeping track of the latest developments in the media and entertainment sectors would be beneficial when evaluating potential investments.
Good to go