SUN TV NETWORK LTD
Sun TV Network was established in 1985 as Sumangali Publications Private Limited and was later renamed as Sun TV Network Limited. Sun TV, the flagship channel of the company, was started in 1993. STNL is primarily involved in television broadcasting. Besides, it produces/distributes movies under the banner Sun Pictures.
Key Business
- Television Broadcasters
- Airing FM Radio Stations
- IPL Franchisee Of Sunrisers Hyderabad
- Sun NXt OTT
Shareholding Pattern
- PUBLIC
- PROMOTER
Financial Summary
| Particulars | March 2024 | March 2023 | March 2022 |
| Sales | 4,282 | 3,772 | 3,585 |
| Sales Growth % | 13.52% | 5.22% | 12.84% |
| Expenses | 1,644 | 1,379 | 1,306 |
| Operating Profit | 2,638 | 2,393 | 2,279 |
| OPM % | 62% | 63% | 64% |
| Profit after tax | 1,926 | 1,707 | 1,642 |
| EPS in Rs | 48.85 | 43.30 | 41.66 |
Synopsis of Financials
- The Total Income for the year ended March 31, 2023 at Rs. 4,023.40 crore as against Rs. 3,749.64 crore during the previous year ended March 31, 2022.
- The sustained growth and consistent higher margins are reflective of the Company’s continued dominance in broadcasting business in the Southern states and increase in digital business over last year.
- Profit Before Tax was at Rs. 2,238.12 crore as against Rs. 2,193.14 crore in the previous year. Profit After Tax was at Rs. 1,674.53 crore as against Rs. 1,644.80 crore in the previous year. Total Comprehensive income was at Rs. 1,676.06 crore as against Rs. 1,646.09 crore in the previous year.
Final Outlook
By looking at the analysis of the company investors who are looking for a strong company which is good in its fundamentals and expects a good dividend payout then this company is good and after some dip this stock could be bought as it is now a great company with a market cap very huge from its peers and P/E also is very great among its peers so while going through the details i would be considering this stock for investment.
BUY/Hold For Long Term Will be good
SUN-TV-NETWORK-LTD