Shares of Shemaroo Entertainment Limited are locked in the 10 percent upper circuit today at a price of Rs 143.05. In the last 5 trading sessions, the stock has gained around 17 percent ranging from Rs 122.35 to the current price level.
One of the prime reasons for the stock prices to surge is the recent announcement made by the company through a regulatory filing with the BSE. The filing is with regards to the Q4 as well as annual results for the financial year 2022-23. Details pertaining to the same are discussed later on in the report.
Shemaroo Entertainment Limited is an Entertainment company based in India that is engaged in the business of motion video, picture, and television program distribution. It distributes content for physical formats, satellite channels, and digital technologies such as Internet, Mobile, etc. The company performs all the business functions within the country.
Having a quick glance at the consolidated financials, the company, on a QoQ basis, has increased its operating revenues from Rs 150 crores in Q3 v/s Rs 165 crores in Q4. Moreover, the PAT numbers, during the same period, have improved from Rs 1 crore to Rs 5 crores exhibiting an increase of 400 percent.
On a yearly basis, the company has been able to maintain healthy growth in the above-discussed metrics with operating revenues moving from Rs 381 crores during FY21-22 to Rs 557 crores in FY22-23 and the PAT figures nearly doubled from Rs 5.07 crores to Rs 9.55 crores keeping the timeframe the same.
The debt-to-equity ratio of the company has reduced in recent financial years with the most recent shift being from 0.47 in FY20-21 to 0.44 in FY21-22.
As per the latest shareholding pattern data available for the March quarter, promoters of the company hold a 65.88 percent stake, and Foreign Institutional Investors (FIIs) hold a 0.18 percent stake in the company.
Written by Amit Madnani
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