Television Eighteen India (Delisted) share price
BSE: 532299
Television Eighteen India Ltd. · Face value ₹5 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Feb 2000
Last traded ₹62.05 on 20 Jun 2011
Delisted on 3 Aug 2011.
Last announcements
The company's own last announcements before its shares stopped trading, routine notices left out.
Jun 2011
15 Jun · Suspension of trading in equity shares
Members of the Exchange are hereby informed that the trading in equity shares of Television Eighteen India Limited shall be suspended w.e.f. June 21, 2011 (i.e. closing hours of trading on June 20, 2011) on account of Scheme of Arrangement between Television Eighteen India Limited, Web18 Software Services Limited, IBN18 Media & Software Limited, iNews.com Limited, Television Eighteen Commoditiescontrol.com Limited, RVT Investments Private Limited, Network18 India Holdings Private Limited, Care Websites Private Limited, ibn18 Broadcast Limited and Network18 Media & Investments Limited and their respective shareholders and creditors.13 Jun · Business
Hon'ble High Court of Judicature at Delhi, vide order dated April 26, 2011, certified copy of which was received by the Company on June 10, 2011 has sanctioned the Scheme of Arrangement between Television Eighteen India Limited, Web18 Software Services Limited, IBN18 Media & Software Limited, iNews.com Limited, Television Eighteen Commoditiescontrol.com Limited, RVT Investments Private Limited, Network18 India Holdings Private Limited, Care Websites Private Limited, ibn18 Broadcast Limited and Network18 Media & Investments Limited and their respective shareholders and creditors ('Scheme') pursuant to the provisions of section 391-394 of the Companies Act, 1956.The said Court Order has been duly filed with the Registrar of Companies, NCT of Delhi & Haryana on June 10, 2011, making this date as the 'Effective Date' for the Scheme of Arrangement. The Appointed Date under the Scheme is April 01, 2010.13 Jun · Network18 Group Completes Process of Re-organization
Results for the quarter to Dec 2010
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
- RevenueRevenue from operations. Money earned from selling the company's goods and services in the period. Revenue from operations in the glossary
- ₹79 Cr+13.5% on a year ago · +15.8% on the quarter beforeChange on a year ago and on the quarter before. The change against the same quarter a year before: (this quarter's figure less that quarter's) divided by that quarter's, times 100. The change on the quarter before is the same sum against the quarter just before, taken as this quarter's results restate it where the company restated it: this quarter's year to date less this quarter. Left out where either figure is a loss, where the restatement covers two or more earlier quarters without saying which, or across a change of basis named under the table, on the lines it affects.
- Operating profitOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. Operating profit before depreciation (EBITDA) in the glossary
- ₹23 Cr+163.4% on a year ago · +11.3% on the quarter before
- Net profitNet profit. What is left of revenue and other income after every cost, interest and tax. Net profit in the glossary
- ₹7.27 Cr−36.6% on the quarter before
- Operating margin
- 28.8%
- Net margin
- 9.2%
From revenue to net profit, ₹ crore
- Revenue79
- Operating expenses−56
- Operating profit23
- Depreciation−5.2
- Other income+14
- Finance costs−21
- Profit before tax10
- Tax−3.2
- Net profit7.3
Television Eighteen India results by quarter
Standalone: the listed company alone, without its subsidiaries. Latest quarter to Dec 2010. Results for the quarter to Mar 2011 were due by 30 May 2011, 60 days after it ends. Every company's dates are on the results calendar.
Revenue and net profit by quarter, ₹ crore
- Revenue
- Net profit
- Loss
Peak revenue ₹112 Cr, quarter to Mar 2008; lowest ₹58 Cr, quarter to Jun 2009A loss in 3 of the 10 quarters with results on record
Operating and net margin by quarter, per cent
- Operating margin
- Net margin
| ₹ crore | Sep 2007 | Dec 2007 | Mar 2008 | Jun 2008 | Sep 2008 | Dec 2008 | Mar 2009 | Jun 2009 | Sep 2009 | Dec 2009 | Mar 2010 | Jun 2010 | Sep 2010 | Dec 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 65 | 86 | 112 | 90 | 79 | 64 | – | 58 | 64 | 69 | – | 65 | 68 | 79 |
| Operating expensesOperating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. Operating expenses in the glossary | 40 | – | – | – | – | – | – | 55 | 63 | 61 | – | 49 | 48 | 56 |
| Operating profit before depreciation | 25 | – | – | – | – | – | – | 3 | 1 | 9 | – | 16 | 20 | 23 |
| Operating margin | 38.6% | – | – | – | – | – | – | 5.3% | 1.1% | 12.4% | – | 24.9% | 30.0% | 28.8% |
| Depreciation and amortisationDepreciation and amortisation. The part of the cost of plant, buildings and other long-lived assets charged against each year they are used. Depreciation and amortisation in the glossary | 4 | – | – | – | – | – | – | 5 | 5 | 4 | – | 4 | 4 | 5 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. Other income in the glossary | 0 | – | – | – | – | 35 | – | 9 | 10 | 12 | – | 23 | 25 | 14 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. Finance costs in the glossary | 4 | 13 | – | 21 | 8 | 32 | – | 28 | 29 | 28 | – | 23 | 21 | 21 |
| Profit before one-off items and taxProfit before one-off items and tax. Profit before tax as it would be without the one-off items below it, as the company states it. Profit before one-off items and tax in the glossary | – | – | – | – | – | 6 | – | −21 | −23 | −12 | – | 13 | 21 | 10 |
| One-off itemsExceptional items. Gains or losses the company reports separately because they are not expected to recur, such as selling a business or writing down an asset. Exceptional items in the glossary | – | – | – | −6 | −3 | 1 | – | – | −1 | – | – | – | – | – |
| Profit before tax | 17 | 14 | 25 | 5 | 3 | 7 | – | −21 | −24 | −12 | – | 13 | 21 | 10 |
| Tax | 2 | 3 | 6 | 1 | 2 | −2 | – | 1 | 3 | 1 | – | 2 | 9 | 3 |
| Tax rateEffective tax rate. Tax charged as a percentage of profit before tax. Effective tax rate in the glossary | 14.2% | 23.0% | 25.4% | 28.0% | 65.0% | −33.5% | – | – | – | – | – | 15.4% | 44.5% | 30.3% |
| Net profit | 9 | 11 | 19 | 3 | 1 | 10 | – | −22 | −26 | −13 | – | 11 | 11 | 7 |
| Net margin | 13.6% | 12.8% | 17.0% | 3.8% | 1.5% | 15.0% | – | −38.5% | −41.2% | −18.2% | – | 16.7% | 16.9% | 9.2% |
| Earnings per shareEarnings per share. Profit belonging to shareholders divided by the number of shares, restated for later splits and bonuses so they do not break the line. Earnings per share in the glossary | – | – | – | – | ₹0.10 | – | – | −₹1.87 | −₹2.19 | −₹1.02 | – | ₹0.59 | ₹0.63 | – |
| Diluted earnings per shareDiluted earnings per share. Earnings per share counting the shares that options, warrants and convertible bonds already granted would add, on today's share count after splits and bonuses. Diluted earnings per share in the glossary | – | – | – | – | – | – | – | −₹1.87 | −₹2.19 | −₹1.02 | – | ₹0.59 | ₹0.62 | – |
Earnings per share in rupees, restated for later splits and bonuses. No results on record for the quarters to Mar 2009 and Mar 2010.
4 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
- Loss
Peak revenue ₹327 Cr, year to Mar 2008; lowest ₹277 Cr, year to Mar 2010Back to profit in the year to Mar 2011, ₹45 Cr
Operating and net margin, per cent
- Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. Operating margin in the glossary
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
Results for the year to Mar 2011
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue308
- Operating expenses−220
- Operating profit87
- Depreciation−16
- Other income+77
- Finance costs−84
- Profit before tax65
- Tax−20
- Net profit45
Profit and loss
Standalone, ₹ crore, years to March.
| ₹ crore | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 |
|---|---|---|---|---|
| Revenue from operations | 327 | 319 | 277 | 308 |
| Operating expenses | – | 288 | 241 | 220 |
| Operating profit before depreciation | – | 31 | 36 | 87 |
| Operating margin | – | 9.8% | 13.0% | 28.3% |
| Depreciation and amortisation | – | 19 | 17 | 16 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. Operating profit after depreciation (EBIT) in the glossary | – | 12 | 19 | 71 |
| Other income | – | 101 | 63 | 77 |
| Finance costs | 47 | 109 | 109 | 84 |
| Profit before one-off items and tax | – | 4 | −27 | 65 |
| One-off items | −6 | 1 | 0 | – |
| Profit before tax | 48 | 5 | −27 | 65 |
| Tax | 17 | −15 | 5 | 20 |
| Net profit | 30 | 20 | −32 | 45 |
| Net margin | 9.3% | 6.2% | −11.7% | 14.7% |
Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the year to Mar 2008: the statement does not state its depreciation, which operating profit is worked out from, so operating profit is not given.
Ratios
Standalone, years to March.
| Ratio | Mar 2009 | Mar 2010 | Mar 2011 |
|---|---|---|---|
| Revenue growthRevenue growth. This year's revenue less last year's, divided by last year's, times 100; blank where last year's is not above nought. Revenue growth in the glossary | −2.4% | −13.1% | 11.0% |
| Operating profit growthOperating profit growth. This year's operating profit before depreciation less last year's, divided by last year's, times 100; blank where last year's is not above nought. Operating profit growth in the glossary | – | 15.4% | 141.3% |
| Net profit growthNet profit growth. This year's net profit less last year's, divided by last year's, times 100; blank where last year's is not above nought. Net profit growth in the glossary | −35.0% | – | – |
| Earnings per share growthEarnings per share growth. This year's earnings per share less last year's, on the same share count, divided by last year's, times 100; blank where last year's is not above nought. Earnings per share growth in the glossary | −38.0% | – | – |
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. Interest cover in the glossary | 0.1 | 0.2 | 0.8 |
Growth and returns over 3, 5 and 10 years
Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2011.
| Measure | 5 years | 3 years |
|---|---|---|
| Revenue growth, yearly rateRevenue growth, yearly rate. 3 years: Revenue in the latest year ÷ revenue in the year three years before, to the power of one third, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 5 years: Revenue in the latest year ÷ revenue in the year five years before, to the power of one fifth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 10 years: Revenue in the latest year ÷ revenue in the year ten years before, to the power of one tenth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. | – | −2.0% |
| Profit growth, yearly rateProfit growth, yearly rate. 3 years: Profit to the company's own shareholders in the latest year ÷ profit to the company's own shareholders in the year three years before, to the power of one third, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 5 years: Profit to the company's own shareholders in the latest year ÷ profit to the company's own shareholders in the year five years before, to the power of one fifth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 10 years: Profit to the company's own shareholders in the latest year ÷ profit to the company's own shareholders in the year ten years before, to the power of one tenth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. | – | 14.1% |
| Operating margin, averageOperating margin, average. 3 years: The plain average of the yearly operating profit margin over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly operating profit margin over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly operating profit margin over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | – | 17.1% |
| Net margin, averageNet margin, average. 3 years: The plain average of the yearly net profit margin over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly net profit margin over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly net profit margin over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | 4.6% | 3.1% |
| Interest cover, averageInterest cover, average. 3 years: The plain average of the yearly interest cover over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly interest cover over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly interest cover over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | – | 0.4 |
Accounting checks
Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Mar 2009 | Mar 2010 | Mar 2011 |
|---|---|---|---|
| Effective tax ratePublished threshold 17.16 per cent | −311.24 | – | 30.16 |
A threshold marked as ours has no published figure; it is the line we read the check against.
Where the return came from
Yearly rates to Mar 2011, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +2.7% | – | – | 0.0% |
| 3 years | −41.9% | −0.8% | −41.4% | 0.0% |
Longer windows are left empty: a corporate action or price step on 2007-10-17 that cannot be sized sits inside this window. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record. Earnings growth over 3 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count. Earnings growth over 3 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2008.
Recent sessions
The 10 trading days to 20 Jun 2011, as traded on BSE.
| Date | Open | High | Low | Close | Average price | Volume |
|---|---|---|---|---|---|---|
| 20 Jun 2011 | 67.55 | 68.00 | 61.25 | 62.05 | 62.76 | 3,02,418 |
| 17 Jun 2011 | 69.95 | 69.95 | 67.85 | 68.45 | 68.84 | 5,46,441 |
| 16 Jun 2011 | 70.30 | 70.60 | 68.35 | 69.15 | 69.30 | 5,36,973 |
| 15 Jun 2011 | 71.00 | 71.70 | 70.20 | 70.70 | 70.90 | 4,40,789 |
| 14 Jun 2011 | 71.65 | 72.20 | 68.55 | 70.65 | 70.86 | 3,24,003 |
| 13 Jun 2011 | 71.15 | 72.60 | 70.20 | 71.15 | 71.28 | 1,53,726 |
| 10 Jun 2011 | 72.00 | 72.70 | 70.35 | 71.15 | 71.55 | 3,92,036 |
| 9 Jun 2011 | 72.20 | 72.95 | 71.55 | 72.00 | 72.25 | 2,74,283 |
| 8 Jun 2011 | 73.35 | 73.75 | 72.25 | 72.50 | 72.99 | 2,23,728 |
| 7 Jun 2011 | 73.50 | 73.70 | 72.25 | 73.10 | 73.03 | 4,04,881 |
Prices in ₹ per share as traded, not adjusted.
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 19 May 2009 | Price move | – | Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for. |
| 17 Oct 2007 | Price move | – | Between two trading sessions the price fell 47% or more, or rose 90% or more. No corporate action is on record. Earlier prices are not shown. |
Where an event has no factor that can be worked out, the chart leaves out the closes before it. Any other event is noted and not adjusted for.
Company details
- BSE code
- 532299
- ISIN
- INE889A01026
- Former symbols
- TV-18
- Website
- www.tv18online.com
- Registered office
- 503, 504 & 507, 5th Floor, Mercantile House, 15, Kasturba Gandhi Marg, New Delhi 110001, Delhi
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments