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SUN TV NETWORK LTD SUN TV NETWORK IS ENGAGED IN PRODUCING AND BROADCASTING SATELLITE TELEVISION AND RADIO SOFTWARE PROGRAMMING IN THE REGIONAL LANGUAGES OF SOUTH INDIA.
History & Major Events Sun TV is the flagship channel of Sun TV Network which started on the Tamil New Year, 14 April 1993. It started off with a four and a half hour programming per day on a time sharing agreement with ATN. However, in January 1997 it became 24 hours programming channel. Sun TV was listed on the Bombay Stock Exchange on 24 April 2006 upon raising $133 million. It is the most viewed Tamil television channel in the world with syndicated broadcasts in several countries such as the United States, United Arab Emirates, Singa pore, Malaysia, Sri Lanka, Australia, Canada, South Africa, Qatar, Hong Kong, Europe (United Kingdom, France, Germany, Italy, Denmark, Austria, Switzerland, Netherlands and Ireland) and other countries. And it is now expanding its market to North India also, and will be launching 11 new channels including the network's first Marathi language channel. After this, Sun Group will have a total of 43 TV channels. Sun Pictures gave blockbuster movies as a subsidiary of Sun Network like Sarkar,Beast,Jailer in recent times.
Major Ratio's HIGH/LOW ₹688/394 Market cap ₹26551 Cr. CURRENT PRICE ₹674 ROE 19.2% ROCE 25.5% PE 14.3 DEBT TO EQUITY 0.01 EPS ₹47.2 SHAREHOLDING PATTERN Promoters -- Foreign Institutions +0.78 -1.23 Retail Mutual Funds +0.68 -0.23 Other Domestic Institutions
Sun Tv is now expanding its market to North India also, and will be launching 11 new channels including the network's first Marathi language channel. After this, Sun Group will have a total of 43 TV channels. Sun Pictures gave blockbuster movies as a subsidiary of Sun Network like Sarkar,Beast,Jailer in recent times.
PEER COMPARISON YoY Growth Sector PE : 32.02 (The stock PE is 14.3 which according to the sectorial PE is QUITE LOW.) (Tips Industry showed a Year on Year Growth of 90.44%)
Pros Company has reduced debt. Company is almost debt free. Company has been maintaining a healthy dividend payout of 26.9% Fundamental Analysis Cos The company has delivered a poor sales growth of 4.95% over past five years.
Buy & Hold at CMP My View on Particular Stock The stock has already set up for a breakout. Buy Sun Tv Network shares at current market price for a target of Rs 800 and an extended target of Rs 1000 with a stop loss of Rs 630 in the next 2-3 Years.