EROS INTERNATIONAL MEDIA - Details Analysis for Long Term Portfolio

EROS INTERNATIONAL MEDIA 
- Details Analysis for Long Term Portfolio
Sector: Services / Media | Industry: Recreational Services
Financial Data Source - https://www.valueresearchonline.com/

6M Average Volume: 521,040	P/B: 2.11	MARKET CAP: 3317.65
52-Week Range: 237.20 - 643.95	Dividend Yield: 0.00%	P/E: 12.54
TTM EPS:  28.31	Book Value:  168.11	Face Value:  10

About Company -

EROS MEDIA are part of the Eros International Group and the leading global company in the Indian film entertainment industry, and They co-produce, acquire and distribute Indian language films in multiple formats worldwide including; theatrical, television syndication & digital platforms.

EROS success is built on the relationships we have cultivated over the past 35 years with leading talent, production companies, exhibitors and other key participants in our industry. Leveraging these relationships, we have aggregated rights to over 1,100 films in our library, plus an additional 700 films for which we hold digital rights only.

The group has a distribution network that spans over 50 countries, with offices in India, UK, USA, Dubai, Australia, Fiji, Isle of Man and Singapore.

In 2006, Eros International Plc, the holding company of the Eros Group, became the first Indian media company to list on the Alternative Investment Market (AIM) of the London Stock Exchange

EROS distribution capabilities enable them to target a majority of the 1.2 billion people in India, our primary market for Hindi language films. We have distribution offices in Mumbai, Delhi, Punjab, Mysore and Chennai.

News & Upcoming Releases -

• Shares of Eros International Media have tanked 19% on 26 Oct 2015  due the news that “Eros International under Wells Fargo’s scanner, stock downgraded.”
  
  According to Economic Times reports, Eros International, a Bollywood film producer and distributor, has come under attack of a leading Wall Street bank, Wells Fargo
• Acquired 51% stake with effect from 2008 in TAMIL FILMS: AYNGARAN
• Ayngaran is an established player in Tamil content and distribution business
• Presence in other select regional language film markets
• Eros International & NextGen Films to co-produce psychological thriller PHOBIA featuring Radhika Apte
• Eros International to release Salim Ahamed’s upcoming Malayalam film Pathemari
• Eros International acquires Punjabi film – Diljit Dosanjh starrer Mukhtiar Chadha
• BAJIRAO MASTANI to be release on 18 Dec 2015 (Ranveer Singh, Deepika Padukone, Priyanka Chopra)
• SHIVAAY to be released on 22 Jan 2016 ( Ajay Devgan, Sayesha)
• SARKAR 3 - Upcoming Releases ( Amitabh Bachchan, Abhishek Bachchan)
• AAKHEN 2 - Upcoming Releases (Abhishek Bachchan)

Annual Ratios (%)
	1-Year	3-Years	5-Years
Growth
Revenue	25.25	14.62	17.27
Net Profit	27.80	18.32	24.49
EPS	23.01	18.34	18.36
Book Value	21.74	20.60	36.93
Average
Operating Margin	26.02	25.39	25.09
Net Margin	17.12	16.12	16.03
Return on Networth	18.46	17.77	19.89
Return on Investment	20.08	19.32	20.50

Interim Growth Ratios (%)
	QoQ	YoY	YTD
Quarterly
Revenue	5.22	95.65	5.22
Operating Profit	15.13	58.69	15.13
Net Profit	22.51	76.68	22.51
EPS	3.06	48.08	3.06
TTM
Revenue	16.25	38.86	16.25
Operating Profit	9.79	26.88	9.79
Net Profit	11.13	36.49	11.13
EPS	7.00	240.78	7.00

• Consolidated

	TTM	Mar-15	Mar-14	Mar-13	Mar-12	Mar-11	Mar-10
Income Statement							R Cr
Operating Revenue	1,652.16	1,421.17	1,134.66	1,067.95	943.88	706.97	640.88
Other Income	26.29	21.23	10.04	17.64	27.12	12.10	16.34
Total Income	1,678.45	1,442.40	1,144.70	1,085.59	971.00	719.07	657.22
Total Expenditure	1,273.93	1,072.59	834.91	841.68	730.95	550.38	527.85
Operating Profit	404.52	369.81	309.79	243.91	240.05	168.69	129.38
Interest	37.49	39.77	37.80	20.46	21.80	12.99	12.74
PBDT	367.03	330.04	271.99	223.45	218.25	155.70	116.64
Depreciation	6.63	6.89	5.02	6.45	6.00	3.82	4.39
PBT & Exceptional Items	360.40	323.15	266.97	217.00	212.25	151.88	112.24
Exceptional Items	-	-	-	-	-	-	-
Profit before Tax	360.40	323.15	266.97	217.00	212.25	151.88	112.24
Provision for Tax	85.91	76.15	73.70	61.19	63.14	33.67	29.63
Profit after Tax	274.49	247.00	193.27	155.81	149.11	118.21	82.62
Minority Interest	-9.92	0.06	6.42	-1.28	-1.27	-0.98	-0.50
Share of Associate	-	-	-	-	-	-	-
Consolidated Profit	264.57	247.06	199.69	154.53	147.84	117.23	82.11
Liabilities							R Cr
Share Capital	92.50	92.50	91.97	91.92	91.74	91.41	71.41
Total Reserves	1,389.71	1,380.21	1,110.81	890.68	740.97	573.53	164.80
Shareholder's Funds	1,482.21	1,482.21	1,208.62	986.49	834.61	670.48	237.54
Minority Interest	1.20	1.20	1.27	7.69	6.41	5.14	4.17
Total Debt	95.33	491.46	433.23	403.23	448.14	275.01	217.83
Other Non Current Liabilities	3.22	-135.93	-127.06	-112.02	-224.39	-176.24	49.81
Current Liabilities	1,429.69	1,429.69	677.37	517.42	626.95	590.92	495.92
Total Liabilities	1,581.96	1,581.96	1,310.87	1,131.92	962.54	706.65	459.54
Assets							R Cr
Net Block	1,214.13	1,214.13	1,040.83	792.27	528.78	331.99	271.97
Non Current Investments	-	-	8.00	8.00	8.00	8.00	8.00
Other Non-Current Assets	1,159.98	1,159.98	731.50	524.35	470.99	476.25	0.28
Current Investments	-	-	-	0.20	43.50	147.47	-
Cash and Bank	169.68	169.68	154.36	172.50	300.36	143.54	107.24
Other Current Assets	724.84	724.84	258.74	305.49	340.09	258.06	617.77
Net Current	-535.17	-535.17	-264.27	-39.23	57.00	-41.85	229.09
Total Assets	1,581.96	3,268.63	2,193.43	1,802.81	1,691.72	1,365.31	1,005.26
Cash Flow							R Cr
From Operations	-	933.34	871.71	647.92	405.64	426.70	329.72
From Investing Activities	-	-1,078.74	-785.77	-673.65	-682.21	-543.10	-256.41
From Finance Activities	-	32.77	6.80	-63.64	159.40	333.35	-2.18
Net Inflow/Outflow	-	-112.63	92.74	-89.37	-117.17	216.95	71.13
Key Ratios
Adjusted EPS (Rs)	28.31	26.71	21.71	16.81	16.12	12.82	11.50
Adjusted Book Value (Rs)	168.11	159.21	130.78	106.90	90.77	72.74	33.08
Dividend per Share (Rs)	-	0.00	0.00	1.50	0.00	0.00	0.00
Cash Flow per Share (Rs)	-	100.90	94.78	70.49	44.22	46.68	46.17
Debt to Equity	0.06	0.33	0.36	0.41	0.54	0.41	0.92
Current Ratio	0.63	0.63	0.61	0.92	1.09	0.93	1.46
ROCE (%)	-	20.08	20.11	17.77	21.01	23.54	30.29
RONW (%)	20.40	18.46	17.69	17.17	19.91	26.24	41.91
Operating Margin (%)	24.48	26.02	27.30	22.84	25.43	23.86	20.19
Net Margin (%)	16.35	17.12	16.88	14.35	15.36	16.44	12.57
Revenue Growth (%)	38.86	25.25	6.25	13.14	33.51	10.31	2.29
Net Profit Growth (%)	36.49	27.80	24.04	4.49	26.14	43.08	10.57
EPS Growth (%)	240.78	23.01	29.15	4.32	25.66	11.52	12.01
Book Value Growth (%)	-	22.44	22.41	18.00	25.23	181.51	49.42
Market Cues
Close Price (Rs)	371.40	401.00	169.20	172.85	180.35	136.45	-
High Price (Rs)	643.95	484.00	194.90	230.05	276.95	213.95	-
Low Price (Rs)	237.20	158.00	106.75	153.00	136.60	124.30	-
Market Cap (Rs Cr)	3,317.65	3,709.71	1,546.94	1,591.14	1,661.87	1,269.68	0.00
Price / Earnings	12.54	15.02	7.75	10.30	11.24	10.83	0.00
Price / Book Value	2.11	2.52	1.29	1.62	2.00	1.91	0.00
Dividend Yield (%)	0.00	0.00	0.00	0.87	0.00	0.00	-

TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

• Standalone

	TTM	Mar-15	Mar-14	Mar-13	Mar-12	Mar-11	Mar-10
Income Statement							R Cr
Operating Revenue	1,126.22	1,071.70	857.12	925.31	802.00	477.66	534.57
Other Income	21.62	20.38	7.23	19.14	26.99	11.87	17.43
Total Income	1,147.84	1,092.08	864.35	944.45	828.99	489.53	551.99
Total Expenditure	921.89	847.78	636.68	739.12	631.75	373.32	458.77
Operating Profit	225.95	244.30	227.67	205.33	197.24	116.21	93.22
Interest	37.53	39.81	37.77	20.62	20.43	12.05	10.92
PBDT	188.42	204.49	189.90	184.71	176.81	104.16	82.30
Depreciation	6.39	6.62	4.76	5.69	4.23	1.70	2.00
PBT & Exceptional Items	182.03	197.87	185.14	179.02	172.58	102.46	80.30
Exceptional Items	-	-	-	-	-	-	-
Profit before Tax	182.03	197.87	185.14	179.02	172.58	102.46	80.30
Provision for Tax	73.49	73.68	71.47	61.93	62.79	32.90	28.74
Profit after Tax	108.54	124.19	113.67	117.09	109.79	69.56	51.56
Liabilities							R Cr
Share Capital	92.50	92.50	91.97	91.92	91.74	91.41	71.41
Total Reserves	936.95	927.45	795.20	680.30	576.18	460.94	90.78
Shareholder's Funds	1,029.45	1,029.45	893.01	776.11	669.82	557.89	163.53
Total Debt	95.33	471.71	433.64	403.12	365.87	170.01	169.34
Other Non Current Liabilities	3.14	-118.72	-128.40	-115.14	-148.05	-77.32	48.53
Current Liabilities	742.62	742.62	479.32	414.10	508.91	457.16	343.53
Total Liabilities	1,127.92	1,127.92	993.06	908.46	783.97	582.21	332.87
Assets							R Cr
Net Block	864.71	864.71	714.11	609.66	434.79	256.26	202.89
Non Current Investments	20.43	20.43	20.42	20.41	20.41	20.41	20.41
Other Non-Current Assets	918.12	918.12	573.41	478.67	436.61	471.93	0.28
Current Investments	-	-	-	0.20	43.50	147.47	-
Cash and Bank	38.54	38.54	151.45	170.44	298.96	93.59	100.62
Other Current Assets	283.26	283.26	218.18	198.81	162.28	118.08	400.74
Net Current	-420.82	-420.82	-109.69	-44.65	-4.17	-98.02	157.82
Total Assets	1,127.92	2,125.06	1,677.57	1,478.19	1,396.55	1,107.74	724.93
Cash Flow							R Cr
From Operations	-	762.62	544.59	415.57	353.60	286.01	242.60
From Investing Activities	-	-890.70	-460.27	-524.49	-593.62	-435.36	-216.09
From Finance Activities	-	13.28	6.77	18.75	183.50	313.91	41.64
Net Inflow/Outflow	-	-114.80	91.09	-90.17	-56.52	164.56	68.16
Key Ratios
Adjusted EPS (Rs)	11.61	13.43	12.36	12.74	11.97	7.61	7.22
Adjusted Book Value (Rs)	113.83	110.26	96.46	84.01	72.81	60.43	22.71
Dividend per Share (Rs)	-	0.00	0.00	1.50	0.00	0.00	0.00
Cash Flow per Share (Rs)	-	82.45	59.21	45.21	38.54	31.29	33.97
Debt to Equity	0.09	0.46	0.49	0.52	0.55	0.31	1.04
Current Ratio	0.43	0.43	0.77	0.89	0.99	0.79	1.46
ROCE (%)	-	16.81	17.79	18.03	21.89	21.59	32.26
RONW (%)	11.29	13.02	13.70	16.26	17.99	19.47	37.80
Operating Margin (%)	20.06	22.80	26.56	22.19	24.59	24.33	17.44
Net Margin (%)	9.46	11.37	13.15	12.40	13.24	14.21	9.34
Revenue Growth (%)	22.84	25.04	-7.37	15.38	67.90	-10.65	11.65
Net Profit Growth (%)	-7.81	9.25	-2.92	6.65	57.83	34.91	7.64
EPS Growth (%)	83.09	8.63	-2.97	6.44	57.27	5.39	7.63
Book Value Growth (%)	-	14.97	14.89	15.62	20.92	240.56	46.61
Market Cues
Close Price (Rs)	371.40	401.00	169.20	172.85	180.35	136.45	-
High Price (Rs)	643.95	484.00	194.90	230.05	276.95	213.95	-
Low Price (Rs)	237.20	158.00	106.75	153.00	136.60	124.30	-
Market Cap (Rs Cr)	3,317.65	3,709.71	1,546.94	1,591.14	1,661.87	1,269.68	0.00
Price / Earnings	30.57	29.87	13.61	13.59	15.14	18.25	0.00
Price / Book Value	3.12	3.64	1.74	2.06	2.49	2.30	0.00
Dividend Yield (%)	0.00	0.00	0.00	0.87	0.00	0.00	-

TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Technical Analysis - 


Monthly Chart -

 
Weekly Chart -

Daily Chart -