Zee Media Corporation Ltd

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NSEBSE

13.60-0.20 (-1.45%)

03:49 PM,1st Mar 2024

13.62-0.13 (-0.95%)

04:01 PM,1st Mar 2024

BSE : 532794

NSE : ZEEMEDIA

Sector : Media

ISIN Code : INE966H01019

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Last Updated: Mar 01 2024 | 04:01 PM IST

Market Cap (₹ Cr)

850

Turnover (₹ Cr)

0.79

Volume (Shares)

5814774

Face Value

1

52-WK High

18.30

52-WK High Date

12 Dec 2023

52-WK Low

7.35

52-WK Low Date

30 May 2023

All Time High

93.24

All Time High Date

01 Jan 2008

All Time Low

2.85

All Time Low Date

25 Mar 2020

Zee Media Corporation Ltd

Zee Media Corporation Limited (Formerly known Zee News Ltd) was incorporated in August 27 1999. The Company is one of India's leading media and entertainment companies with strong presence in the news and regional entertainment genres. The company is the part of Essel group. The company is engaged mainly in the business of broadcasting of news current affairs and regional entertainment satellite television channels uplinked from India. The company has one subsidiary namely Zee Akaash News Pvt Ltd.The Company has a wide portfolio of 19 News Channels comprising of 16 TV News channels (1 Global 4 National and 11 Regional channels) 3 digital-only News channels and more than 30 digital brandsThe channels operated by Zee News Ltd are Zee News Zee Business Zee 24 Taas Zee Punjabi Zee Marathi Zee Bangla Zee Gujarati Zee Telugu and Zee Kannada. In addition Zee Akaash News Private Ltd a company in which the company has a 60% stake operates 24 Ghanta a 24X7 Bengali news channel. The company's news gathering capabilities are significantly enhanced by their KU Band network and strong relationships with international news agencies.The company is having an arrangement with Zee Turner Ltd to distribute their pay channels bouquet in India and neighboring countries. Zee Turner was also assigned to distribute the company's bouquet of pay channels on DTH platforms as well. The company also has an arrangement with Dish TV India Ltd for up-linking of their channels through their teleport. Dish TV is having a license for up-linking of TV channels from the competent Government authority. The company in 2003 created history by becoming the 24-hour Hindi current affairs and news channel in the country. In November 2004 the company launched The Zee Business channel. The name of the company was changed to Zee News Ltd on May 27 2004 after obtaining a fresh Certificate of Incorporation from the Registrar of Companies Mumbai. In March 31 2006 the news business undertaking of Zee Entertainment Enterprises Ltd consisting of news and regional language channels namely Zee News Zee Business Zee Bangla Zee Punjabi Zee Marathi Zee Telugu and Zee Kannada was demerged and vested to Zee News Ltd. As per the Scheme of Arrangement the company allotted 45.21 equity shares of Re 1/- each fully paid-up for every 100 equity shares of Re 1/- each held in Zee Entertainment Enterprises Ltd.During the year 2006-07 the company acquired 570000 equity shares of Rs 10/- each of in their subsidiary company Zee Akaash News Pvt Ltd at a price of Rs 114/- per share. The company launched Zee Kannada which established itself steadily in Karnataka. In February 2007 the company launched India's first Marathi news channel Zee 24 Taas.During the year 2007-08 the company launched their first franchise channel in Chattisgarh by the name of Zee 24 Ghante Chattisgarh.In 2007 Zee Entertainment Enterprises Limited (ZEEL) transferred its regional entertainment channels to the Company w.e.f. October 2005 by way of Demerger Scheme and got listed at Bombay Stock Exchange National Stock Exchange & Calcutta Stock Exchange in January 2007. In August 2008 the company launched Marathi movie channel namely Zee Talkies and in October 2008 they launched entertainment channel in Tamil called Zee Tamil. The company entered into strategic partnership with Sky B (Bangla) Pvt Ltd a company which owns Akash Bangla a 24 hours regional infotainment channel in Bengali and acquired 26% stake in that company.Zee Tamil was launched on October 12 2008. Again Zee 24 Gantalu and Zee News Uttar Pradesh were launched in April 2009. 24-hour Telugu News channel Zee 24 Gantalu was launched on April 2 2009 and 24-hour UP News channel Zee News Uttar Pradesh was launched on April 5 2009. Amongst the newly launched news channels Zee News UP has often emerged as the market leader in terms of share and time spent.The year 2010-11 marked first full year of operations of the Company as a pure news broadcasting entity after the Regional General Entertainment Channel business undertaking was demerged to Zee Entertainment Enterprises Limited through the Scheme of Arrangement for Demerger which became effective from March 29 2010. In terms of the said Scheme the Company was allotted equity shares of Zee Entertainment Enterprises Limited on April 20 2010 in the ratio of 4 equity shares of Re. 1 each of Zee Entertainment Enterprises Limited against 19 equity shares of Re. 1 each held in the Company.In FY 2011-12 the Company became India's largest news network to reach over 100 million viewers across regions and languages. It launched Hindi news and infotainment channel for Central India - Zee Madhya Pradesh and Chhattisgarh taking its bouquet of channels to eight - two national and six regional in 2012. The Company was renamed from Zee News Limited to Zee Media Corporation Limited with effect from July 6 2013. In 2013-14 the Company acquired 37.87% equity stake in Maurya TV Private Limited which runs Maurya TV a news and entertainment channel for the region of Bihar/Jharkhand. Additionally resulting the amalgamation of Essel Publishers Pvt Ltd with the Company it expanded into print news media segment through subsidiaries Diligent Media Corporation Limited (DMCL) which publishes DNA newspaper in cities of Mumbai Bengaluru and Pune and Pri Media Services Pvt Ltd which is engaged in printing inter-alia of DNA newspaper.In addition to launching new channels the Company in 2013-14 also restaged Zee News Zee 24 Taas 24 Ghanta Zee Punjab Haryana Himachal (erstwhile Zee Punjabi) and Zee Sangam (erstwhile Zee Uttar Pradesh Uttarakhand) to keep up with the ever changing viewing patterns. Of these Zee Marudhara and Zee Kalinga follow a new content format named Terrestrial Entertainment Network (TEN).During the year 2014-15 the Print Media Business comprising of printing and publication of English newspaper `DNA' housed in 3 subsidiaries viz. Mediavest India Pvt. Ltd Diligent Media Corporation Ltd and Pri-Media Services Pvt. Ltd were vested with the Company with effect from April 1 2014 by way of Scheme of Amalgamation and additionally resulting the acquisition of balance equity stake from existing shareholders Maurya TV Pvt Ltd an associate entity till March 31 2014 became a wholly owned subsidiary of the Company with effect from December 12 2014 and consequently the Broadcasting Business of `Maurya TV' a regional channel targeting Bihar and Jharkhand came under the Company's fold.In 2016-17 WION (World Is One News) India's 1st Global English News Channel was commercially launched by the network in December 2016 and expended its International presence with several bureaus in Asia the USA and the UK. The channel made a mark with its in-depth coverage of world events such as the elections in the US and war against terrorism in Iraq and of human interest stories arising out of India and abroad. The channel also launched several premium programmes such as Tech-it-Out (Technology show) WION Pitstop (Auto show) and Gravitas (Daily primetime show). WION's flagship property World Is One - Global Leadership Series included exclusive interactions with global leaders such as Bashar Al Assad (President Syria) Recep Tayyip Erdagon (President Turkey) Pervez Musharraf (Former President Pakistan) and Hamid Karzai (Former President Afghanistan) on issues impacting their respective countries as well as their relationships with India.In 2016-17 the restructuring of Print Media business through a Scheme of Arrangement and Amalgamation inter alia for (a) Demerger of Print Media undertaking of the Company into Diligent Media Corporation Ltd (DMCL) a step-down wholly owned subsidiary; (b) consolidation of the Print Media business by merger of two other Print Media subsidiaries of the Company viz. Mediavest India Pvt Ltd and Pri-Media Services Pvt Ltd into DMCL; and (c) merger of Maurya TV Pvt Ltd a wholly owned subsidiary with the Company with effect from Appointed Date of April 1 2017. To facilitate the said Scheme certain restructuring of the Non-equity investments of the Company in Print-Media subsidiaries were carried out consequent to which as at March 31 2017 ther Company holds 100% equity stake in 2 print media subsidiaries viz. Mediavest India Pvt Ltd and Pri-Media Services Pvt Ltd and 100% of the paid-up Preference Share Capital of nominal value of Rs 4362.66 Million in DMCL. Under the said Scheme of Arrangement and Amalgamation the consideration payable by DMCL for vesting of Print Media Undertaking was discharged by issuance of Equity Shares to the Shareholders of the Company in the ratio of 1 Equity Share of DMCL for every 4 Equity Shares held in the Company. Upon the Scheme becoming effective and after allotment of Equity Shares by DMCL to the Shareholders of the Company the equity shares got listed on BSE and NSE.In 2018-19 the Company acquired balance 40% equity stake in Zee Akaash News Private Limited (ZANPL) from M/s. Sky B (Bangla) Private Limited and consequent to such acquisition ZANPL became wholly owned subsidiary with effect from June 1 2018; and it sold 100% equity stake in Ez-Mall Online Limited and resulting to this it ceased to be Subsidiary on and from June 30 2018.A Wholly Owned Subsidiary in the name of `Rapidcube Technologies Private Limited' got incorporated on October 29 2020. Two new TV news channels viz. Hindi news and Bengali news were launched during 2020. Further in 2021 the Digital Publishing Business Division of the Company was transferred to Rapidcube on May 4 2021 and the said transfer was effective from April 1 2021. In terms of the said Transfer the Board of Directors of Rapidcube on May 4 2021 allotted 233216754 fully paid up Equity shares of Rs 10/- each to the Company through the Business Transfer Agreement.Zee Delhi NCR Haryana (Zee DNH) was launched during FY 2023 with relevant news content for the markets.

Zee Media Corporation Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

850

EPS - TTM (₹) [S]

0.00

P/E Ratio (X) [S]

1.65

Face Value (₹) 1
Latest Dividend (%)15.00
Latest Dividend Date 28 Jul 2016
Dividend Yield (%) -
Book Value Share (₹) [S]8.22
P/B Ratio (₹) [S]1.65
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Mahindra Manulife Mid Cap Fund (G) 0.89 359454 0.21
Mahindra Manulife Mid Cap Fund (IDCW) 0.89 359454 0.21
Mahindra Manulife Mid Cap Fund - Direct (G) 0.89 359454 0.21
Mahindra Manulife Mid Cap Fund - Direct (IDCW) 0.89 359454 0.21

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

13.50

14.10

Week Low/High

13.25

15.00

Month Low/High

13.25

17.00

Year Low/High

7.35

18.00

All time Low/High

2.89

93.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-9.75%-9.63%0.820.57%
1 Month-8.05%-8.11%2.932.96%
3 Month-10.70%-10.53%9.2810.22%
6 Month13.90%13.81%12.7814.94%
1 Year54.72%51.96%24.1328.01%
3 Year118.30%119.35%47.9351.33%

Company Info

Company Information

Company Sec. & Compli. Officer : Pushpal Sanghavi

Independent Director : Raj Kumar Gupta

Independent Director : Amitabh Kumar

Independent Director : Swetha Gopalan

Director : Surender Singh

Director (Finance) : DINESH KUMAR GARG

Chairman & Independent Directo : Susanta Kumar Panda

Director : PURUSHOTTAM VAISHNAVA

Registered Office: 14th Floor A Wing Marathon Fut, NM Joshi Marg Lower Parel,Mumbai,Maharashtra-400013 Ph: 91-022-24831234

Email:complianceofficer@zee.esselgroup.com

URL:http://www.zeemedia.in