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HomeSTOCKS140% Increase In Profit; Company Announced Q3 Result; ₹200 Only Share Price

140% Increase In Profit; Company Announced Q3 Result; ₹200 Only Share Price

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Zee Entertainment Enterprises Limited (NSE: ZEEL) Q3 Result: Television broadcaster Zee Entertainment has presented the results of its third quarter for fiscal year 2023-24. 

In this time the company recorded an improvement of 140 percent on its net income. 

In addition, the company earned Rs 58.5 crore during the third quarter which was 24.32 crore in the previous quarter in the previous fiscal year.

An Increase In Income

Zee has reported an increase of 15 percent in revenue to 223 crores during the 3rd quarter of the financial year 2024 as compared with around 194 crores for the quarter that ended in FY2023. 

Due to the absence of a merger agreement with Sony, Zee is facing lots of pressure.

Ad Revenue

The company earned profits of Rs 122.96 crore in its second quarter for fiscal year 2023-24. 

In this scenario, there was an increase of 52 percent in the profit of the company each quarter. 

In this regard, Zee has raked in a revenue of 1027.4 crore which is 3.3 percent less than the 1063.4 crore for the same time frame a year earlier.

Subscription Revenue

In addition, it was noted that subscription revenue grew by 3 percent over the year, from 894.4 crore to 921.3 crore. 

The company said that the current state of advertising was partly compensated by a growth in revenue from subscriptions. 

The company said that the decline in revenue from advertising was by macroeconomic headwinds as well as the slowing of consumption.

Stock Decline

In addition, rising stock was observed on the 14th of February, 2024. The shares in Zee Entertainment closed at Rs 200 which is up by Rs 6.02% on the NSE. 

In the past month, there was an enormous drop in the share price and the price of shares has dropped by 17.63 percent. 

Over six months, the price dropped by more than 27.54 percent.

About Zee Entertainment Enterprises Limited 

ZEE Entertainment Enterprises was established in 1982 to specialize in TV Programming and Broadcasting services.

Their flagship channel Zee TV is one of India’s leading entertainment channels with an unparalleled Hindi language presence.

The Company has strengthened its portfolio by launching new channels like Khana Khazana – India’s first 24-hour food channel – and Ten Cricket – an exclusive cricket channel, to broaden its audience base without being limited by one language or genre alone.

This has allowed them to expand beyond relying on viewership alone as viewers tune in without getting bogged down with one particular language or genre for viewership share.

ZEE also expanded its regional movie business with the launch of Zee Anmol Cinema – an integrated movies vertical that produces, markets, and distributes films in Marathi, Tamil, Telugu, and Kannada.

They quickly established themselves as one of the strongest players in these markets by pairing powerful performers with concept-driven movies.

Fundamental Analysis of Zee Entertainment Enterprises Limited

Market Cap₹ 19,230 Cr.
Current Price₹ 200
52-wk High₹ 299.70
52-wk Low₹ 152.50
Stock P/E88.1
Book Value₹ 112
Dividend0.00 %
ROCE7.94 %
ROE0.35 %
Face Value₹ 1.00
P/B Value1.81
OPM9.94 %
EPS₹ -0.71
Debt₹ 252 Cr.
Debt to Equity0.02

Zee Entertainment Enterprises Limited (ZEEL) Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹174₹245
2025₹264₹295
2026₹341₹384
2027₹415₹480
2028₹530₹549
2029₹600₹622
2030₹700₹734
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Zee Entertainment Enterprises Limited Shareholding Pattern

Promoters Holding
Dec 20223.99%
Mar 20233.99%
June 20233.99%
Sept 20233.99%
Dec 20233.99%
FII Holding
Dec 202237.33%
Mar 202336.39%
June 202333.40%
Sept 202335.00%
Dec 202328.19%
DII Holding
Dec 202237.33%
Mar 202338.03%
June 202340.62%
Sept 202342.07%
Dec 202343.42%
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Govt. Holding
Dec 20220.15%
Mar 20230.15%
June 20230.15%
Sept 20230.15%
Dec 20230.15%
Public Holding
Dec 202221.20%
Mar 202321.43%
June 202321.85%
Sept 202318.80%
Dec 202324.24%

Zee Entertainment Enterprises Limited Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 7,934 Cr
2020₹ 8,130 Cr
2021₹ 7,730 Cr
2022₹ 8,186 Cr
2023₹ 8,579 Cr
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Last 5 Years’ Net Profit:

2019₹ 1,567 Cr
2020₹ 525Cr
2021₹ 793 Cr
2022₹ 956 Cr
2023₹ -68 Cr

Last 5 Years’ Debt-To-Equity Ratio:

20190
20200.01
20210
20220
20230

Last 10 Years’ Profit Growth:

10 Years:-25%
5 Years:-52%
3 Years:-61%
Current Year:-71%

Last 10 years’ Return on Equity (ROE):

10 Years:13%
5 Years:9%
3 Years:6%
Last Year:0%

Sales Growth Over 10 Years:

10 Years:8%
5 Years:4%
3 Years:0%
Current Year:3%

Conclusion

This article is a complete guide about Zee Entertainment Enterprises Limited Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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