sun tv network
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Sun TV Network
Ashish Popat - 39Aparna Sawant - 28
Tosha Desai - 07Darshan Utekar - 23
Aniruddha Rangnekar - 45
Business Model
• De-risked business model
• Radio Business
• IPL: Brand leverage yet to be seen in revenue growth
Tamil Nadu Karnataka Kerala Andhra Pradesh
Sun Channels Viewer-ship per-centages
70 39 26 39
5
25
45
65
Sun Channels Viewership percentages
Sources of Revenues• Digitization-led subscription
• Wide Array of Channels1. Sun TV2. Gemini TV3. Udaya TV4. Surya TV
• Advertisements
• Sale of Movies
31-Mar-14 31-Mar-13 31-Mar-12 31-Mar-11 31-Mar-10
Share capital 1970.4 1970.4 1970.4 1970.4 1970.4
Reserves and surplus
28983.9 25883.9 23149.2 20566.4 16885.4
5000.00
15000.00
25000.00
35000.00
Shareholder's FundsA
mou
nt in
mill
ions
31-Mar-10 31-Mar-11 31-Mar-12 31-Mar-13 31-Mar-14
Gross Profit 13301.2 18761.2 17138.4 17385.7 19227.6
Less : Cost of Goods Sold 1227.2 1373.4 1333.3 1844.3 3008.6
Sales 14528.4 20134.6 18471.7 19230 22236.2
2500.00
7500.00
12500.00
17500.00
22500.00
27500.00
32500.00
37500.00
42500.00
47500.00
Profit and loss statement analysis
31-Mar-10 31-Mar-11 31-Mar-12 31-Mar-13 31-Mar-14
PBT 7999.6 11438.5 10145 10347.4 11134.3
Less : Tax 2990.5 3831 3316.7 3305.9 3682.1
PAT 5199 7697.6 6929.1 7095.6 7480.1
2500.00
7500.00
12500.00
17500.00
22500.00
PAT and TAX RATEAm
ount
in m
illio
ns
3/31/2011 3/31/2012 3/31/2013 3/31/2014
SGA 0.246593663796707
0.00412391872862616
0.0999699489131523
0.253832377136266
Gross Profit
0.410489279162782
-0.08649766539
45374
0.0144295850254399
0.105943390257511
COGS 0.119132985658409
-0.02919761176
64192
0.383259581489537
0.631296426828607
Sales 0.38587869276727
-0.08258917485
32376
0.0410519876351392
0.156328653146126
-10.00%
10.00%
30.00%
50.00%
70.00%
90.00%
110.00%
P&L Statement 1Pe
rcen
tage
3/31/2011 3/31/2012 3/31/2013 3/31/2014
Other Inc 0.393419170243205
0.63347022587269
-0.09226901319
92457
0.199418363107603
INT EXP -0.54453441295
5466
1.58666666666667
-0.16151202749
1409
-0.05532786885
24589
EBIT 0.425287356321839
-0.14272826681
2466
0.0283172295034919
0.0661766986076224
Depre & Amm
0.497179894674519
-0.01431961037
33922
-0.06725368469
95228
0.082742851968397
EBITDA 0.446436756320701
-0.10362769827
4879
-0.00368367094
424993
0.0713697716337625
5%25%45%65%85%
P&L Statement 2Pe
rcen
tage
3/31/2011 3/31/2012 3/31/2013 3/31/2014
PAT after MI
0.480592421619542
-0.09983631261
69192
0.0240290946876223
0.0541885111900331
MI -0.69603524229
0749
-0.59782608695
6522
-2.10810810810
811
2.58130081300813
Profit from asso-ciates
3.20481927710843
1.25214899713467
0.00127226463104346
0.473951715374841
PAT Be-fore MI
0.518735900660797
-0.10242523825
1725
0.0312229984037029
0.0583256408435702
Tax 0.281056679485036
-0.13424693291
5688
-0.00325624868
091778
0.113796545570041
PBT 0.42988399419971
-0.11308300913
5813
0.0199507146377529
0.0760480893751088
5%25%45%65%85%
P&L Statement 3P
erce
nta
ge
Total0
2000
4000
6000
8000
10000
12000
14000
16000
1800015469.8
83529725.4
8851.6
CFFO
2011 2012 2013 2014
2011 2012 2013 2014
-5000
-4000
-3000
-2000
-1000
0
1000
CFFI
Total
2011 2012 2013 2014
-4500
-4400
-4300
-4200
-4100
-4000
-3900
-3800
-3700
-3600
-3920.8
-4434.4 -4456-4432.7
CFFF
Total
31 March 2010 31 March 2011 31 March 2012 31 March 2013 31 March 2014
91.55 93.18 92.78 90.41 86.47
75.08 78.37 76.57 73.28 67.89
53.00 54.50 50.93 50.31 46.39
55.06 56.81 54.92 53.81 50.07
35.79 38.23 37.51 36.90 33.64
37.38 33.49 32.69 31.95 33.07
Margins
Gross Profit Margin EBITDA Margin EBIT MarginPBT Margin PAT Margin Tax Rate
2011 2012 2013 2014
Current Ratio
2.80711748696896
4.2654182601433 4.35412888826894
5.65645362996117
Quick Ra-tio
2.80386549195074
4.26317640335839
4.35238526991212
5.65457776607648
Cash Ratio 1.81412888048342
2.02558354213372
2.31761751987725
3.56743237017047
1.00
3.00
5.00
7.00
9.00
11.00
13.00
15.00
Liquidity Ratio
20112012
20132014
0.06
0.05
0.02
0.02
0.00
0.00
0.00
0.00
487.
73
161.
64
198.
24
223.
74
Solvency Ratio
Debt to Equity RatioDebt to Assets RatioInterest Coverage Ratio
20112012
20132014
0.00
100.00
200.00
300.00
400.00
500.00
600.00
Activity Ratio
Recieveable Turnover RatioInvestory Turnover RatioPayable Turnover Ra-tioTotal Asset Turnover Ratio