Shemaroo Entertainment Ltd. share price target

Incorporated in 1962, Shemaroo Entertainment Ltd, a content aggregator, is an established Film Entertainment "Content House" in India. The content Library of the company consists of more than 3500 titles spanning Hindi films and titles in various other regional languages like Marathi, Gujarati, etc. as well as non-film...

Growth momentum led by new media; upgrade to Buy SHEM reported a healthy Q1FY19 with revenue growth of 19% YoY to ` 1234 (DCMe: `1219). EBITDA margin declined 70bps YoY to 31.5% due to higher operating expenditure. Traditional media segment grew 12.5% YoY on account of low base of DeMo. New media segment grew 36.3% YoY on back of expansion towards digital reach. We expect a minor convergence in the margins due to investment in digital, weak revenue growth in the YouTube segment and higher expenditure towards manpower. We upgrade the stock...

Traditional media growth rate fell by 18% YoY for the quarter under review and sequentially the revenue growth fell by 22%. Share in revenue for traditional media stood at 73.8% vs. 83% YoY and 79.1% sequentially. Operating margins for the company fell owing to the degrowth in traditional media. EBITDA margin declined to 31.9% for the quarter under review against 34.9% in the corresponding quarter of the previous year. However margins improved from 27.6% sequentially. Profitability for the company deteriorated in comparison of both YoY and...

Shemaroo Entertainment Ltd. (SEL) is one of the largest content aggregators with a library of ~3400 titles and is also engaged in the business of production and co-production. SEL acquires content from various production houses and monetizes it across various media platforms. With the promising growth estimated across internet platforms and smart phone...

Shemaroo Entertainment (Shemaroo) is India's leading media content house since 1962 with activities such as content acquisition and distribution on various platforms. The company has developed to become a formidable content aggregator in India,...