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Geojit has buy call on Zee Entertainment Enterprises with a target price of Rs 325. The current market price of Zee Entertainment Enterprises Ltd. is Rs 269.85 Time period given by analyst is year when Zee Entertainment Enterprises Ltd. price can reach defined target.
Zee Entertainment Enterprises Ltd., incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 26270.10 Crore) operating in Media & Entertainment sector.
Zee Entertainment Enterprises Ltd. key Products/Revenue Segments include Income From Advertisement, Subscription Income, Television Content, Transmission Revenue, Other Operating Revenue and Commission for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 2130.44 Crore, up 5.97 % from last quarter Total Income of Rs 2010.47 Crore and down -22.72 % from last year same quarter Total Income of Rs 2756.93 Crore. Company reported net profit after tax of Rs 298.91 Crore in latest quarter.
Investment Rationale
In the short term there is risk associated with corona virus cases, however given its large portfolio, strong pipeline, synergies from the merger, and significant growth in the digital platform business, it reiterates BUY rating on the stock with a revised target price of Rs. 325 based on 18.0x FY24E adj. EPS.
Promoter/FII Holdings
Promoters held 3.99 per cent stake in the company as of 31-Dec-2021, while FIIs owned 52.21 per cent, DIIs 20.86 per cent.
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