Entertainment Network (India) Ltd. News and Updates

Name: Latest research reports of Entertainment Network (India) Ltd. authored by Prabhudas Lilladhar and published by - Trendlyne research reports.
Item: Entertainment Network (India) Ltd.
Rating: 3
Author: Prabhudas Lilladhar

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Entertainment Network (India) Ltd.

10 Mar 2022, 02:13PM

161.73

0.52%

Entertainment Network soars 14%, nears 52-week high on improved earnings

Business Standard

Thus far in March, the stock has outperformed the market by surging 21% after CRISIL Ratings reaffirmed its ratings on the bank facilities

Entertainment Network (India) Ltd. is trading above all available SMAs

Entertainment Network (India) Ltd.

15 Feb 2022

161.73

0.52%

Hold Entertainment Network (India); target of Rs 201: Prabhudas Lilladher

Moneycontrol

Prabhudas Lilladher recommended hold rating on Entertainment Network (India) with a target price of Rs 201 in its research report February 10, 2022.

Entertainment Network (India) Ltd. is trading above all available SMAs

Entertainment Network (India) Ltd.

10 Feb 2022, 12:00AM

161.73

0.52%

ENTERTAINMENT NETWOR

Hold: Entertainment Network (Ind...

Target

Prabhudas Lilladhar

Unlikely to achieve revenue guidance of Rs4bn in FY22. which are at ~33% discount to pre-COVID levels may take time to recover. in legacy/batch-1/batch-2 stations stood at 99.4%/40.5%/30.9% respectively) which is encouraging. While there are headwinds in radio segment as price recovery is a long drawn process, management sounded upbeat on the core...

Entertainment Network (India) Ltd. is trading above all available SMAs

Entertainment Network (India) Ltd.

28 Oct 2021

161.73

0.52%

Entertainment Network

Hold: Entertainment Network (Ind...

Target

ICICI Securities Limited

About the stock: Entertainment Network India (ENIL), a subsidiary of Bennett, Coleman & Company Ltd (BCCL), operates Radio Mirchi which has 73 stations across 63 cities with more than 63 million listeners. Mirchi has been ranked No.1 in all Indian Readership Survey (IRS) surveys...

Entertainment Network (India) Ltd. is trading above all available SMAs

Entertainment Network (India) Ltd.

27 Oct 2021

161.73

0.52%

Q2FY22 Result Update - In an evolution stage - HOLD

Hold: Entertainment Network (Ind...

Target

Prabhudas Lilladhar

At the network level, volume was up by 61% while pricing was down by 5%. ~37% discount to pre-COVID levels may take 2-3 years to recover. However, utilization in top-8 markets is at ~79%) which is encouraging. While there are headwinds in radio segment as price recovery is a long drawn process, management sounded upbeat on the core solutions & digital business which...

Entertainment Network (India) Ltd. is trading above all available SMAs

Entertainment Network (India) Ltd.

17 Aug 2021

161.73

0.52%

Q1FY22 Result Update - Core solutions & digital business under lens - HOLD

Hold: Entertainment Network (Ind...

Target

Prabhudas Lilladhar

At the network level, volume was up by 60% while pricing dropped by 5%. ENIL's operational performance (EBITDA loss of Rs187mn) was marred by 2nd wave as recovery process was delayed since radio is an AND medium of advertising. Further, ad-volumes in high yield markets are still at sub-optimal levels which can prolong the recovery. While there are headwinds in radio segment as price recovery is a long drawn process, management sounded upbeat on the core solutions & digital business which is expected to form...

Entertainment Network (India) Ltd. is trading above all available SMAs

Entertainment Network (India) Ltd.

21 Jun 2021

161.73

0.52%

Hold Entertainment Network India; target of Rs 180: ICICI Direct

Moneycontrol

ICICI Direct recommended hold rating on Entertainment Network India with a target price of Rs 180 in its research report dated June 17, 2021.

Entertainment Network (India) Ltd. is trading above all available SMAs

Entertainment Network (India) Ltd.

17 Jun 2021

161.73

0.52%

Q4FY21 Result Update - Impairment provisioning mars profits - Downgrade to 'HOLD"

Hold: Entertainment Network (Ind...

Target

Prabhudas Lilladhar

ENIL's bottom-line performance was impacted by an impairment provisioning of Rs975mn as future cash flows of 8 frequencies are likely to be lower than internal hurdle rate amid COVID induced stress. Given the onset of 2nd wave, we believe the recovery process will be delayed as radio is an AND medium of advertising prompting us to cut our FY22E/FY23E EBITDA estimates by...

Entertainment Network (India) Ltd. is trading above all available SMAs

Entertainment Network (India) Ltd.

17 Jun 2021

161.73

0.52%

Entertainment Network

Hold: Entertainment Network (Ind...

Target

ICICI Securities Limited

The radio business continued to report revenue de-growth in Q4FY21 due to pressure on realisation front. We note that ENIL's core radio revenue decline of 27.4% during Q4FY21 was much steep compared to MBL. The company indicated that pricing has started improving gradually as price increase for the quarter was 5% YoY, albeit significantly lower than its peak. We expect pricing recovery to be gradual in nature. Accordingly, we revise our estimates and expect radio revenues CAGR of 45% YoY in FY21-23E on...