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Zee Entertainment Enterprises Ltd share price logo

Zee Entertainment Enterprises Ltd

(ZEEL)

₹124.851.02%

as on 04:01PM, 26 Dec 2024

Overview
News
Financials
Q2 2024 Results
Technicals

Zee Entertainment Enterprises Ltd Analyst Rating

based on 19 analysts

HOLD

45.00%

Buy

20.00%

Hold

35.00%

Sell

Based on 19 analysts offering long term price targets for Zee Entertainment Enterprises Ltd. An average target of ₹156.89

Source: S&P Global Market Intelligence

Zee Entertainment Enterprises Ltd Share analysis

Zee Entertainment Enterprises Ltd price forecast by 19 analysts

Upside of24.38%

High

₹200

Target

₹156.89

Low

₹118

Zee Entertainment Enterprises Ltd target price ₹156.89, a slight upside of 24.38% compared to current price of ₹124.85. According to 19 analysts rating.

Source: S&P Global Market Intelligence

Zee Entertainment Enterprises Ltd Performance

  • Day's Low

    Day's High

    ₹124.4
    Day's Price Range
    ₹126.87
  • 52 Week's Low

    52 Week's High

    ₹114.36
    52-Week Price Range
    ₹293.2
1 Month Return+ 4.61 %
3 Month Return-7.61 %
1 Year Return-52.29 %
Previous Close₹126.14
Open₹126.41
Volume39.11L
Upper Circuit-
Lower Circuit-
Market Cap₹12,115.99Cr

Zee Entertainment Enterprises Ltd Key Statistics

P/E Ratio30.4
PEG Ratio6.23
Market Cap₹12,115.99 Cr
P/B Ratio1.33
EPS1.47
Dividend Yield0.72
SectorEntertainment
ROE4.7

Zee Entertainment Enterprises Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
HOLD₹12,115.99 Cr-11.51%0.52₹141 Cr₹8,637 Cr
HOLD₹27,266.71 Cr11.08%0.50₹1,925 Cr₹4,282 Cr
BUY₹13,491.20 Cr-4.63%0.77-₹33 Cr₹6,107 Cr
NA₹11,329.07 Cr39.25%0.83-₹325 Cr₹9,297 Cr
NA₹7,760.91 Cr22.91%0.59₹127 Cr₹5,912 Cr

About Zee Entertainment Enterprises Ltd

Zee Entertainment Enterprises Ltd (ZEEL) is one of India's leading media and entertainment companies. It was incorporated in 1982 by Subhash Chandra and is headquartered in Mumbai.

ZEEL operates across multiple lines of business, including television broadcasting, film production and distribution, digital content, music, international business, and new media. The company's top products include Zee TV, Zee Cinema, Zee Studio, Zee Marathi, Zee Bangla, and Zee Telugu.

ZEE is also the home of some of India's most popular and beloved brands, such as Zee News, Zee Anmol, Zee Bollywood, and Zee Café. The company has produced some of the country's most successful films, including Dangal, Raazi, and Uri: The Surgical Strike. ZEEL has also ventured into international markets, making it one of India's most successful media and entertainment companies. It has launched channels in the Middle East, Africa, Europe, and the United States, and is also the parent company of Essel Group, which has interests in infrastructure, education, and technology.

Share Price: ₹124.85 per share as on 26 Dec, 2024 04:01 PM
Market Capitalisation: ₹12,115.99Cr as of today
Revenue: ₹2,000.70Cr as on September 2024 (Q3 24)
Net Profit: ₹209.40Cr as on September 2024 (Q3 24)
Listing date: 09 Feb, 1995
Chairperson Name: R Gopalan
OrganisationZee Entertainment Enterprises Ltd
Headquarters
IndustryEntertainment
E-voting on sharesClick here to vote

Key events for Zee Entertainment Enterprises Ltd

  • NFRA Penalizes Deloitte Over ZEEL Audit Misconduct - 24 Dec, 2024

    The National Financial Reporting Authority penalized Deloitte Haskins & Sells LLP for professional misconduct in auditing Zee Entertainment Enterprises Ltd, revealing unauthorized transactions and misappropriation of funds.
  • Zee Attempts to Revive Sony Merger Deal - 23 Dec, 2024

    Zee Entertainment shares rose 3% as the company seeks to revive a terminated merger deal with Sony. Discussions have resumed amid ongoing legal disputes, with both parties evaluating proposals. A successful merger could enhance Zee's market position significantly.
  • Zee Entertainment Partners with Airtel for Enhanced User Experience - 20 Dec, 2024

    Zee Entertainment Enterprises Ltd has collaborated with Airtel to integrate ZEE5 for Airtel Broadband users, aiming to provide a seamless and personalized entertainment experience across various genres and formats.
  • Sony Group Explores Growth After Zee Merger Failure - 17 Dec, 2024

    Sony Pictures Networks India (SPNI), part of the Sony Group, announced a $1.575 billion investment despite the failed merger with Zee Entertainment. The company remains open to exploring alternative growth strategies.
  • Zee5 Appoints New VP for SVOD Marketing - 14 Dec, 2024

    ZEE5 has appointed Adhishree Murdia as VP of SVOD Marketing for India and Global. With over 19 years of experience, she aims to enhance brand building and revenue maximization.
  • Zee Entertainment Faces Share Price Decline Amid Merger Issues - 12 Dec, 2024

    Zee Entertainment's share price dropped nearly 50% in 2024 due to the cancellation of its $10 billion merger with Sony. The company incurred significant costs of ₹432 crore in merger expenses and ₹331 crore in impairment charges. Despite a 70% YoY increase in Q2FY25 net profit to ₹209 crore, revenue fell 18% YoY to ₹2,001 crore.
  • Shareholder Opposition to Punit Goenka's Reappointment - 10 Dec, 2024

    Punit Goenka's reappointment as managing director of Zee Entertainment Enterprises has faced significant opposition from public shareholders, reflecting growing concerns over director appointments and remuneration in promoter-led companies.
  • CLSA Maintains Outperform Rating on Zee Entertainment - 05 Dec, 2024

    CLSA has an Outperform rating on Zee Entertainment with a target price of Rs 170, indicating a 21% upside. Despite an 8% decline in advertising revenue, Zee's subscription growth rose by 11% YoY, driven by NTO 3.0 and the success of ZEE5. The company's diversified revenue streams position it well for recovery as ad spending improves.
  • Zee Entertainment Shares Slide Amidst Monthly Gains - 04 Dec, 2024

    Zee Entertainment Enterprises Ltd shares fell 0.54% to Rs 137.35, despite a 14.08% increase over the past month. The BSE Teck index is down 0.26%, while Zee's trading volume is below average. The stock reached a record high of Rs 299.5 on December 12, 2023, and a 52-week low of Rs 114.4 on November 13, 2024.
  • Zee Shareholders Reject Goenka's Reappointment Amid Concerns - 30 Nov, 2024

    At the AGM, 88% of retail investors opposed Punit Goenka's reappointment as director, reflecting dissatisfaction with leadership and governance issues, including a failed merger with Sony.
  • Zee Entertainment Faces Leadership Challenge at AGM - 29 Nov, 2024

    Zee Entertainment shareholders rejected CEO Punit Goenka's reappointment, leading to a 5% rise in shares. Retail investors played a crucial role in this decision, reflecting dissatisfaction with past management decisions.
  • Punit Goenka's Directorship Rejected by Shareholders - 28 Nov, 2024

    Zee Entertainment shareholders voted against Punit Goenka's reappointment as director, marking a significant change in the company's leadership structure. Goenka remains CEO, focusing on operational responsibilities and growth strategies.
  • Zee Entertainment Loses Arbitration Against RailTel - 27 Nov, 2024

    Zee Entertainment and its subsidiary Margo Networks lost arbitration claims against RailTel Corporation over the wrongful termination of a contract, totaling a dispute of Rs 170 crore. The tribunal's decision may lead Zee to appeal the ruling.
  • Zee Entertainment Loses Arbitration Against RailTel - 26 Nov, 2024

    Zee Entertainment Enterprises Ltd and its subsidiary Margo Networks faced a setback as the Arbitral Tribunal rejected their claims against RailTel regarding wrongful termination of a contract. The company is considering appealing the decision.

Insights on Zee Entertainment Enterprises Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 54.59% to 58.30% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 3 quarters, 13.35 Cr → 209.4 Cr (in ₹), with an average increase of 66.2% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Sun TV Network Ltd has given -2.7% return, outperforming this stock by 49.6%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 3.99% of holdings in Sep 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Sun TV Network Ltd has given 41.5% return, outperforming this stock by 101.8%

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 3 quarters, 2.18K Cr → 2.04K Cr (in ₹), with an average decrease of 3.3% per quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 year, ZEEL stock has moved down by -52.3%

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 15.72% to 12.39% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 18.91% to 18.52% in Sep 2024 quarter

News

Top Stock Picks for 2025: Insights from Analysts

JM Financials third bullish pick is Zee Entertainment on which it has set a price target of ₹200, representing a 41% upside from the December 10 market price. This ₹12,116 crore market cap stock has a 36% market share in the Indian television market. Zee overcame its insolvency issues after entering into a merger deal with Sony Pictures. However, the merger fell through, pulling Zees share price down 55% this year. JM Financial expects Zee to put behind the merger-related settlements and one-off expenses and move to better profits ahead. It estimates the companys revenue to grow at a 5.6% CAGR and improve its EBITDA margin from 10.5% to 18% between FY24 and FY26. Zee stock is trading at a PE ratio of 28.4x, closer to its 5-year PE median of 26.5x. However, the PE ratio is 13x considering the FY26 EPS estimate.26 Dec, 2024 10:39 AM

Zee Entertainment Faces NFRA Penalties for Deloitte's Audit Failures

The National Financial Reporting Authority (NFRA) has imposed a Rs 2 crore fine on Deloitte for failing to comply with auditing standards during its tenure as the statutory auditor for Zee Entertainment Enterprises Ltd (Zee) in the financial years 2018-19 and 2019-20. The investigation revealed gross negligence, including violations of the Companies Act related to related-party transactions. The order cited serious issues, including unauthorized guarantees and securities, premature closure of fixed deposits, and the misappropriation of Zee funds to settle loans for promoter group companies, actions allegedly carried out with the knowledge of Zee's Chairman and management.25 Dec, 2024 02:34 PM

NFRA Fines Zee Entertainment Auditors for Audit Norm Violations

The National Financial Reporting Authority (NFRA) has imposed a penalty of ₹2 crore on Deloitte for failing to adhere to auditing standards in its role as the statutory auditor of Zee Entertainment Enterprises Ltd (Zee). The fine pertains to the lapses in auditing for 2018-19 and 2019-20 financial years. The regulator had suo motu examined the audit file for the statutory audit of Zee for the given periods to assess whether the auditor committed any professional misconduct. After the examination, the regulator found that Deloitte had been grossly negligent in its audit of Zee's financial statements, citing multiple violations of the Companies Act concerning related party transactions. The firm was also accused of not exercising professional scepticism, due diligence, and failing to challenge management's assertions. Deloitte also failed to adequately evaluate reports of suspected fraud. The regulator's order highlighted the unauthorised guarantees and securities, premature closure of fixed deposits by the bank, and the unauthorised use of Zee funds to settle loans of promoter group companies, all of which were done with the knowledge of the group's Chairman and Zee management.25 Dec, 2024 12:47 PM
View More

Zee Entertainment Enterprises Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹2,437.80Cr (-)₹2,045.77Cr (↓16.08%)₹2,169.92Cr (↑6.07%)₹2,130.50Cr (↓1.82%)₹2,000.70Cr (↓6.09%)
Net Income₹123.00Cr (-)₹58.54Cr (↓52.41%)₹13.35Cr (↓77.20%)₹118.10Cr (↑784.64%)₹209.40Cr (↑77.31%)
Net Profit Margin5.05% (-)2.86% (↓43.37%)0.62% (↓78.32%)5.54% (↑793.55%)10.47% (↑88.99%)
Value in ₹ crore
Details2021202220232024
Total Assets₹11,282.80Cr (-)₹12,058.90Cr (↑6.88%)₹12,632.60Cr (↑4.76%)₹12,536.90Cr (↓0.76%)
Total Liabilities₹2,535.10Cr (-)₹2,211.20Cr (↓12.78%)₹2,921.30Cr (↑32.11%)₹2,530.60Cr (↓13.37%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹307.10Cr (-)₹1,101.50Cr (↑258.68%)₹285.90Cr (↓74.04%)₹177.80Cr (↓37.81%)₹675.10Cr (↑279.70%)

Index Inclusions

S&P BSE 250 SmallCap

₹7,049.73

-0.05 (-3.4%)

BSE Tech

₹19,608.11

0.05 (10.55%)

BSE Mid-Cap

₹46,364.51

0.11 (50.49%)

Nifty Small 100

₹18,728.65

-0.02 (-4%)

BSE 500

₹35,265.03

0.12 (42.38%)

S&P BSE 400 MidSmallCap

₹12,120.29

0.05 (5.7%)

Nifty Smallcap 50

₹8,929.15

-0.06 (-4.95%)

Nifty Media

₹1,846.75

-1.46 (-27.4%)

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

Nifty Smallcap 250

₹17,667.45

-0.03 (-5%)

Nifty MidSmallcap 400

₹19,916.55

0.04 (7.65%)

Nifty 500

₹22,430.35

0.12 (27.65%)

Zee Entertainment Enterprises Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
3.99%
0.00
Foreign Institutions
18.52%
-2.05
Mutual Funds
12.39%
-21.18
Retail Investors
58.3%
6.80
Others
6.8%
0.08

Zee Entertainment Enterprises Ltd Key Indicators

Details20202021202220232024
Book Value Per Share (₹)97.33105.04113.04111.57113.14
Details20202021202220232024
Earning Per Share (₹)5.468.259.950.51.47
Details20202021202220232024
Return On Equity %12.2213.6914.43.84.7
Details20202021202220232024
Return On Assets %4.927.0980.381.13

Zee Entertainment Enterprises Ltd Valuation

Zee Entertainment Enterprises Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-409.30x)

January 4, 2024

Today (30.40x)

December 24, 2024

Industry (110.22x)

December 24, 2024

Highest (799.82x)

September 7, 2020

LowHigh

Zee Entertainment Enterprises Ltd Earnings and Dividends

  • Zee Entertainment Enterprises Ltd Earnings Results

    Zee Entertainment Enterprises Ltd’s net profit jumped 70.24% since last year same period to ₹209.40Cr in the Q2 2024-2025. On a quarterly growth basis, Zee Entertainment Enterprises Ltd has generated 77.31% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • Zee Entertainment Enterprises Ltd Dividends May,2024

    In the quarter ending March 2024, Zee Entertainment Enterprises Ltd has declared dividend of ₹1 - translating a dividend yield of 0.79%.

    Read More about Dividends

Zee Entertainment Enterprises Ltd Technicals Summary

Bearish

Neutral

Bullish

Bearish

Zee Entertainment Enterprises Ltd is currently in a Bearish trading position according to technical analysis indicators.

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Zee Entertainment Enterprises Ltd (ZEEL) share price today is ₹124.85

Zee Entertainment Enterprises Ltd is listed on NSE

Zee Entertainment Enterprises Ltd is listed on BSE

  • Today’s highest price of Zee Entertainment Enterprises Ltd is ₹126.87.
  • Today’s lowest price of Zee Entertainment Enterprises Ltd is ₹124.4.

PE Ratio of Zee Entertainment Enterprises Ltd is 30.4

PE ratio = Zee Entertainment Enterprises Ltd Market price per share / Zee Entertainment Enterprises Ltd Earnings per share

Today’s traded volume of Zee Entertainment Enterprises Ltd(ZEEL) is 39.11L.

Today’s market capitalisation of Zee Entertainment Enterprises Ltd(ZEEL) is ₹12115.99Cr.

Zee Entertainment Enterprises Ltd(ZEELPrice
52 Week High
₹293.2
52 Week Low
₹114.36

Zee Entertainment Enterprises Ltd(ZEEL) share price is ₹124.85. It is down -57.42% from its 52 Week High price of ₹293.2

Zee Entertainment Enterprises Ltd(ZEEL) share price is ₹124.85. It is up 9.17% from its 52 Week Low price of ₹114.36

Zee Entertainment Enterprises Ltd(ZEELReturns
1 Day Returns
-1.29%
1 Month Returns
4.61%
3 Month Returns
-7.61%
1 Year Returns
-52.29%