Ekta Kapoor needs no introduction! She is the soap operas queen of Indian cinema, producing various Indian film and television series. From Kyunki Saas Bhi Kabhi Bahu Thi to Naagin, Ekta Kapoor has given various bangers to the Indian audiences over the period. However, Ekta Kapoor-backed this one stock could not follow her footsteps. This stock has given zero returns in 12 months. Who? It is none other than her production house, Balaji Telefilms.
Balaji Telefilms Share Price:
This media and entertainment company is a penny stock with market cap of Rs 617.19 crore. On November 8th, after market hours, the stock ended at Rs 60.79 apiece, down by 1.94% on BSE. The stock has more than halved from its 52-week high of Rs 143.63 apiece, and is trading near its 52-week low of Rs 56.26 apiece.
Balaji Telefilms share ended the current weekly trading session in red with decline of 2.4%, while its monthly drop is about 4.20%. In six-months, the stock dipped by 15%. And year-to-date, the stock has plunged by 19.34% on BSE. In a year, the stock is down by 17.9% so far.
Balaji Telefilms Shareholders:
The famous Kapoor family is the largest shareholder of Balaji Telefilms. However, Ekta Kapoor holds the majority stake among her family. As of September 2024 quarter, Ekta's stake is about 1,84,33,254 equity shares of 18.16% in Balaji Telefilms under the promoter group category.
Her mother Shobha Kapoor is the second largest holder with 1,10,08,850 equity shares or 10.84%. However, her father and renowned Bollywood legend Jeetendra Kapoor and brother Tusshar Kapoor holds only 3.21% and 2% stake in the company.
Want to guess who is the largest public shareholder of the stock? It is the richest company of India, Reliance Industries. As of September 2024, Reliance holds 2,52,00,000 equity shares or 24.82% stake in the company.
Balaji Telefilms Fundamentals:
As per Trendlyne data, following are the key fundamentals of the stock:
- Annual Revenue rose 4.07%, in the last year to ₹631.11 Cr. Its sector's average revenue growth for the last fiscal year was 22.82%.
- Annual Net Profit rose 153.29% in the last year to ₹19.79 Cr. Its sector's average net profit growth for the last fiscal year was -93.87%.
- Debt to Equity Ratio of 0.18 is less than 1 and healthy. This implies that its assets are financed mainly through equity.
- Mutual Fund Holding remained the same in the last quarter at 0%.
- Interest Coverage Ratio is 4.92, higher than 1.5. This means that it is able to meet its interest payments comfortably with its earnings (EBIT).
- Promoter Share Holding stayed the same in the most recent quarter at 34.21%.
- Promoter Pledges are zero.
However, among the risks for the stock as per Trendlyne are:
- Stock Price fell 18.74% and underperformed its sector by 85.77% in the past year.
- Price to Earning Ratio is 72.29, higher than its sector PE ratio of 36.41.
- Return on Equity(ROE) for the last financial year was 4.58%, less than 10%, indicating an inefficient use of shareholder's capital to generate profit.
Going ahead, Balaji Telefilms board of directors are scheduled to meet on Thursday, November 14, 2024, to inter-alia, consider and approve Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2024, along with the Limited Review Report of the Auditors thereon.
Among corporate actions, Balaji Telefilms has a strong record of rewarding investors with dividend. Since September 2001, the company delivered up to 25 dividends. However, the last dividend payout was in August 2021 to the tune of Rs 0.20 per share. That means the company has not announced any dividends in 2022, 2023, and in 2024 so far.
Also, Balaji Telefilms has not paid any bonus issues. But has carried stock split in the ratio of 1:5, where the face value of Rs 10 was cut to Rs 2 in October 2002.
Balaji Telefilms Ltd. is one of the largest content production houses across India, South Asia, South East Asia and the Middle East delivering Hindi and regional content.
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