Zee Entertainment Enterprises Ltd (ZEEL)
₹136.69▲1.46%
Analyst Rating
based on 19 analysts
26.32%
Buy
31.58%
Hold
42.11%
Sell
Based on 19 analysts offering long term price targets for Zee Entertainment Enterprises Ltd. An average target of ₹171.21
Source: S&P Global Market Intelligence
Zee Entertainment Enterprises Ltd Share analysis
Source: S&P Global Market Intelligence
Performance
Day's Low
Day's High
₹135₹138.6552 Week's Low
52 Week's High
₹125.5₹299.7
| Returns % | |
| 1 Month Return | -10.86 % |
| 3 Month Return | -3.84 % |
| 1 Year Return | -39.25 % |
| Market Stats | |
| Previous Close | ₹134.72 |
| Open | ₹135.00 |
| Volume | 91.22L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹12,940.12Cr |
Key Statistics
| P/E Ratio | 92.27 |
| PEG Ratio | 148.83 |
| Market Cap | ₹12,940.12 Cr |
| P/B Ratio | 2.1 |
| EPS | 16.33 |
Peer Comparison
Mutual Fund Holdings
Company Information
ZEEL operates across multiple lines of business, including television broadcasting, film production and distribution, digital content, music, international business, and new media. The company's top products include Zee TV, Zee Cinema, Zee Studio, Zee Marathi, Zee Bangla, and Zee Telugu.
ZEE is also the home of some of India's most popular and beloved brands, such as Zee News, Zee Anmol, Zee Bollywood, and Zee Café. The company has produced some of the country's most successful films, including Dangal, Raazi, and Uri: The Surgical Strike. ZEEL has also ventured into international markets, making it one of India's most successful media and entertainment companies. It has launched channels in the Middle East, Africa, Europe, and the United States, and is also the parent company of Essel Group, which has interests in infrastructure, education, and technology.
Share Price: ₹136.69 per share as on 24 Jul, 2024 04:01 PM
Market Capitalisation: ₹12,940.12Cr as of today
Revenue: ₹2,169.92Cr as on March 2024 (Q1 24)
Net Profit: ₹13.35Cr as on March 2024 (Q1 24)
Listing date: 09 Feb, 1995
Chairperson Name: R Gopalan
| Organisation | Zee Entertainment Enterprises Ltd |
| Headquarters | |
| Industry | Entertainment |
| E-voting on shares | Click here to vote |
Key events for Zee Entertainment Enterprises Ltd
Zee Entertainment Enterprises Ltd. Stock Trades 2.18% Up - 24 Jul, 2024
Zee Entertainment Enterprises Ltd. stock traded 2.18% up at Rs 137.7, with a P/E ratio of 93.76 and EPS value of 1.47. The MACD signalled a bearish bias on the counter.
Zee Entertainment Launches FCCB Issue to Raise Funds - 18 Jul, 2024
Zee Entertainment Enterprises plans to raise $239 million through the issuance of foreign currency convertible bonds. The move has raised questions despite having cash reserves and low capex requirements. CLSA maintains a hold rating with a target price of Rs 150.
Zee Entertainment Launches FCCB Issue to Raise $239 Million - 17 Jul, 2024
Zee Entertainment Enterprises is set to raise $239 million through the issuance of Foreign Currency Convertible Bonds (FCCBs) with a tenor of 10 years and a coupon rate of 5%. The FCCBs will be issued to Resonance Opportunities Fund, St. Johns Wood Fund Ltd., and Ebisu Global Opportunities. If all FCCBs are converted into equity shares, 12.46 crore shares will be diluted at a face value of Rs 1 each, with a conversion price of Rs 160.2 per share.
Zee Entertainment Raises Funds Through FCCBs and Share Sale - 16 Jul, 2024
Zee Entertainment Enterprises has raised $239 million through foreign currency convertible bonds and received shareholder approval to raise up to Rs 2,000 crore through a share sale.
Zee Entertainment Shareholders Approve Rs 2,000 Crore Fundraise - 15 Jul, 2024
Shareholders of Zee Entertainment have approved a plan to raise up to Rs 2,000 crore through the issuance of securities. The funds will be raised in multiple tranches through private placements, QIPs, preferential issues or a combination of these avenues for potential expansion and growth initiatives. This fundraising effort follows the recent termination of a merger deal between Sony Corporation and Zee Entertainment.
Zee Entertainment Board Meeting for Fundraising Proposals Boosts Shares - 12 Jul, 2024
Zee Entertainment Enterprises Ltd. sees a 7% increase in share price as the company schedules a board meeting to discuss fundraising options, including private placements and Qualified Institutional Placements (QIP). The announcement outlines plans for issuing securities in multiple tranches to enhance strategic flexibility and support future growth opportunities in the media industry.
Zee Entertainment Enterprises to Consider Fundraising - 11 Jul, 2024
The board of Zee Entertainment Enterprises will meet on July 16 to consider and approve raising funds through the issuance of equity shares or other securities. The stock closed 0.59% higher at Rs 147.18 apiece.
Muted Quarter for Media Majors in Broadcasting and Movie Exhibition Space - 04 Jul, 2024
Listed media majors, including Zee Entertainment Enterprises (ZEEL), had a muted quarter due to lack of big-budget releases, cricket-heavy calendar, and elections impacting movie footfalls and advertising.
Zee Music's Chief Business Officer Resigns - 03 Jul, 2024
Anurag Bedi has resigned from his position as Chief Business Officer of Zee Music. Effective July 2, Umesh Bansal will take on the additional responsibility of leading the music business.
ZEE Stock Trades Up Amid Positive Profitability Estimates - 02 Jul, 2024
Zee Entertainment Enterprises Ltd. stock trades up amid ICICI Securities' positive profitability estimates for Q1FY25, projecting a 10.6% YoY increase in consolidated revenue.
ZEE Entertainment Aligns Movie and Music Businesses for Growth - 01 Jul, 2024
ZEE Entertainment has given Umesh Bansal, chief business officer of the movie business, additional responsibility for the music business to align with its resource optimization strategy. The company aims to derive synergistic benefits between the businesses to enhance profitability levels.
Kotak Mutual Fund Sells 0.5% Stake in Zee Entertainment Enterprises - 27 Jun, 2024
Kotak Mutual Fund has sold 51.30 lakh shares of Zee Entertainment Enterprises for Rs 79 crore through an open market transaction, reducing its stake by 0.5%. The buyers' details are unknown. On Thursday, the stock fell 2.96% to settle at Rs 151 apiece on the NSE.
Zee Allowed to Withdraw Merger Application, Bombay HC Directs Essel Group Chairman to Furnish Documents - 26 Jun, 2024
The National Company Law Tribunal has allowed Zee Entertainment Enterprises to withdraw its merger application with Culver Max Entertainment Pvt. Meanwhile, the Bombay High Court has directed Essel Group Chairman Subhash Chandra to provide documents and information related to an alleged fund diversion case involving Zee.
ZEE Seeks Termination Fee From Sony After Merger Deal Falls Through - 25 Jun, 2024
ZEE Entertainment Enterprises is seeking a $90 million termination fee from Sony after the latter called off their $10 billion merger deal. ZEE has withdrawn its implementation application for the merger with Culver Max Entertainment and Bangla Entertainment, allowing it to pursue growth opportunities and aggressively pursue all claims against Sony in ongoing arbitration proceedings.
Insights on Zee Entertainment Enterprises Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTRetail Holding Up
Retail Investor have increased holdings from 41.27% to 54.59% in Jun 2024 quarter
- POSITIVE IMPACT
Revenue Rich
Revenue is up for the last 2 quarters, 2.07K Cr → 2.18K Cr (in ₹), with an average increase of 4.9% per quarter
NO EFFECTAgainst Peers
In the last 3 years, Network 18 Media & Investments Ltd has given 71.8% return, outperforming this stock by 106.4%
- NO EFFECT
Against Peers
In the last 1 year, Network 18 Media & Investments Ltd has given 46.6% return, outperforming this stock by 85.9%
- NO EFFECT
Promoter Holding Unchanged
Promoters holdings remained unchanged at 3.99% of holdings in Jun 2024 quarter
NEGATIVE IMPACTPrice Dip
In the last 1 year, ZEEL stock has moved down by -39.3%
- NEGATIVE IMPACT
Profit Down
Netprofit is down for the last 3 quarters, 122.96 Cr → 13.35 Cr (in ₹), with an average decrease of 64.8% per quarter
- NEGATIVE IMPACT
MF Holding Down
Mutual Funds have decreased holdings from 28.46% to 15.72% in Jun 2024 quarter
- NEGATIVE IMPACT
FII Holding Down
Foreign Institutions have decreased holdings from 19.18% to 18.91% in Jun 2024 quarter
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24 Jul, 2024 04:30 PMCompany Financials
| Q'1 24 | Q/Q Change | |
|---|---|---|
Revenue | ₹2,169.92Cr | ↑6.07% |
Net Income | ₹13.35Cr | ↓77.20% |
Net Profit Margin | 0.62% | ↓78.32% |
| 2023 | Y/Y Change | |
|---|---|---|
Revenue | ₹8,087.90Cr | ↓1.19% |
Net Income | ₹47.80Cr | ↓95.00% |
Net Profit Margin | 0.59% | ↓94.95% |
| 2023 | Y/Y Change | |
|---|---|---|
Total Assets | ₹12,632.60Cr | ↑4.76% |
Total Liabilities | ₹2,921.30Cr | ↑32.11% |
| 2023 | Y/Y Change | |
|---|---|---|
Operating Cash Flow | ₹177.80Cr | ↓37.81% |
Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 3.99% | 0.00 | |
| Foreign Institutions | 18.91% | ||
| Mutual Funds | 15.72% | ||
| Retail Investors | 54.59% | 32.27 | |
| Others | 6.8% |
Key Indicators
Zee Entertainment Enterprises Ltd Valuation
Zee Entertainment Enterprises Ltd in the last 5 years
Lowest (-409.30x)
January 4, 2024
Industry (53.49x)
July 23, 2024
Today (92.27x)
July 23, 2024
Highest (799.82x)
September 7, 2020
Earnings and Dividends
Zee Entertainment Enterprises Ltd Earnings Results
Zee Entertainment Enterprises Ltd’s net profit jumped 106.81% since last year same period to ₹13.35Cr in the Q4 2023-2024. On a quarterly growth basis, Zee Entertainment Enterprises Ltd has generated -77.2% fall in its net profits since last 3-months.
Read More about Earnings ResultsZee Entertainment Enterprises Ltd Dividends May,2022
In the quarter ending March 2022, Zee Entertainment Enterprises Ltd has declared dividend of ₹3 - translating a dividend yield of 2.23%.
Read More about Dividends
Technicals Summary
Bearish
Neutral
Bullish
Zee Entertainment Enterprises Ltd is currently in a Bearish trading position according to technical analysis indicators.
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Zee Entertainment Enterprises Ltd (ZEEL) share price today is ₹136.69
Zee Entertainment Enterprises Ltd is listed on NSE
Zee Entertainment Enterprises Ltd is listed on BSE
- Today’s highest price of Zee Entertainment Enterprises Ltd is ₹138.65.
- Today’s lowest price of Zee Entertainment Enterprises Ltd is ₹135.
PE Ratio of Zee Entertainment Enterprises Ltd is 92.27
PE ratio = Zee Entertainment Enterprises Ltd Market price per share / Zee Entertainment Enterprises Ltd Earnings per share
Today’s traded volume of Zee Entertainment Enterprises Ltd(ZEEL) is 91.22L.
Today’s market capitalisation of Zee Entertainment Enterprises Ltd(ZEEL) is ₹12940.12Cr.
| Zee Entertainment Enterprises Ltd(ZEEL | Price |
|---|---|
52 Week High | ₹299.7 |
52 Week Low | ₹125.5 |
Zee Entertainment Enterprises Ltd(ZEEL) share price is ₹136.69. It is down -54.39% from its 52 Week High price of ₹299.7
Zee Entertainment Enterprises Ltd(ZEEL) share price is ₹136.69. It is up 8.92% from its 52 Week Low price of ₹125.5
| Zee Entertainment Enterprises Ltd(ZEEL | Returns |
|---|---|
1 Day Returns | 1.97% |
1 Month Returns | -10.86% |
3 Month Returns | -3.84% |
1 Year Returns | -39.25% |