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Siti Networks Overview

Siti Networks Ltd. formerly known as Wire and Wireless (India) Limited, is a significant player in the Indian media and entertainment industry. Established in June 1994, the company has been at the forefront of providing digital cable television services across India. Headquartered in Noida, Uttar Pradesh, Siti Networks has expanded its reach to become one of the country’s largest multi-system operators (MSO). The company was initially part of the Zee Group under the flagship of Zee Entertainment Enterprises Limited and was known for pio...Read More

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Siti Networks Key Financials

Market Cap ₹31 Cr.

Stock P/E -0.2

P/B -0

Current Price ₹0.4

Book Value ₹ -13.9

Face Value 1

52W High ₹0.6

Dividend Yield 0%

52W Low ₹ 0.4

Siti Networks Share Price

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Volume
Price

Siti Networks Quarterly Price

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Siti Networks Quarterly Results

#(Fig in Cr.) Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Sep 2025
Net Sales 338 322 312 323 283 308 303 279 289 296
Other Income 13 2 3 4 7 4 6 5 18 6
Total Income 350 324 316 326 290 313 308 285 307 302
Total Expenditure 304 321 306 310 340 301 303 293 297 299
Operating Profit 46 3 10 16 -50 11 5 -8 10 3
Interest 28 27 25 24 -6 24 24 24 24 25
Depreciation 112 74 70 63 26 34 33 31 27 21
Exceptional Income / Expenses -8 0 0 0 70 0 0 0 0 0
Profit Before Tax -102 -98 -85 -71 0 -47 -52 -64 -42 -43
Provision for Tax -1 -1 -1 2 -9 0 2 3 3 0
Profit After Tax -101 -97 -84 -73 10 -48 -54 -67 -45 -43
Adjustments 24 9 5 18 10 1 4 5 -6 4
Profit After Adjustments -77 -88 -79 -55 20 -47 -51 -62 -51 -39
Adjusted Earnings Per Share -0.9 -1 -0.9 -0.6 0.2 -0.5 -0.6 -0.7 -0.6 -0.5

Siti Networks Profit & Loss

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Net Sales 697 906 1146 1195 1410 1442 1608 1537 1446 1345 1291 1167
Other Income 17 31 23 26 16 32 17 17 15 35 29 35
Total Income 714 937 1169 1221 1426 1474 1625 1554 1461 1380 1320 1202
Total Expenditure 589 769 900 992 1102 1119 1296 1295 1260 1226 1262 1192
Operating Profit 126 168 269 229 325 356 329 260 201 154 58 10
Interest 119 121 140 127 140 171 158 126 120 115 82 97
Depreciation 84 133 165 241 326 365 346 349 331 344 258 112
Exceptional Income / Expenses 0 0 0 -20 -16 -74 -50 -30 -9 -8 70 0
Profit Before Tax -77 -85 -36 -160 -158 -254 -225 -245 -259 -314 -212 -201
Provision for Tax 6 17 5 19 12 10 -10 -2 2 1 -7 8
Profit After Tax -83 -102 -41 -179 -169 -264 -215 -244 -261 -315 -205 -209
Adjustments -11 -7 -6 -9 -25 -2 13 4 9 35 21 7
Profit After Adjustments -94 -109 -47 -189 -194 -266 -202 -240 -252 -280 -184 -203
Adjusted Earnings Per Share -1.8 -1.6 -0.6 -2.2 -2.2 -3.1 -2.3 -2.7 -2.9 -3.2 -2.1 -2.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -4% -6% -2% 6%
Operating Profit CAGR -62% -39% -30% -7%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -29% -28% -15% -37%
ROE Average 0% 0% -47% -66%
ROCE Average 0% -29% -21% -9%

Siti Networks Balance Sheet

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Shareholder's Funds 113 183 571 537 343 198 -5 -245 -497 -776 -959
Minority's Interest 26 68 78 92 116 105 93 91 82 47 26
Borrowings 1048 938 798 1038 597 742 423 214 90 13 13
Other Non-Current Liabilities 43 94 295 339 337 134 114 57 56 47 35
Total Current Liabilities 592 954 1188 1133 1696 1634 1750 1729 1904 2047 2164
Total Liabilities 1823 2236 2931 3139 3089 2813 2374 1847 1636 1379 1279
Fixed Assets 768 895 1389 1711 1964 1696 1442 1171 937 663 446
Other Non-Current Assets 277 298 624 573 319 239 193 175 201 168 170
Total Current Assets 773 1038 918 855 807 878 740 501 498 548 664
Total Assets 1823 2236 2931 3139 3089 2813 2374 1847 1636 1379 1279

Siti Networks Cash Flow

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Opening Cash & Cash Equivalents 126 352 430 368 171 94 72 176 111 62 103
Cash Flow from Operating Activities 164 122 390 137 341 437 504 299 184 181 281
Cash Flow from Investing Activities -461 -293 -636 -624 -387 -185 -42 -139 -182 -64 -163
Cash Flow from Financing Activities 523 249 184 290 -32 -274 -358 -225 -51 -76 -149
Net Cash Inflow / Outflow 225 78 -62 -197 -77 -22 104 -64 -50 41 -31
Closing Cash & Cash Equivalent 352 430 368 171 94 72 176 111 62 103 72

Siti Networks Ratios

# Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Earnings Per Share (Rs) -1.81 -1.61 -0.6 -2.16 -2.22 -3.05 -2.32 -2.75 -2.89 -3.21 -2.11
CEPS(Rs) 0.01 0.46 1.57 0.71 1.8 1.16 1.5 1.21 0.8 0.33 0.6
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) -2.15 2.62 6.52 6.09 3.88 2.22 -0.1 -2.85 -5.74 -8.9 -11
Core EBITDA Margin(%) 15.59 15.16 21.46 16.97 21.88 22.44 19.39 15.76 12.87 8.87 2.29
EBIT Margin(%) 6.05 3.94 9.05 -2.74 -1.28 -5.78 -4.18 -7.75 -9.59 -14.78 -10.09
Pre Tax Margin(%) -11.03 -9.41 -3.16 -13.4 -11.17 -17.62 -13.98 -15.97 -17.91 -23.36 -16.41
PAT Margin (%) -11.95 -11.25 -3.59 -15.02 -12 -18.32 -13.38 -15.85 -18.05 -23.45 -15.88
Cash Profit Margin (%) 0.06 3.41 10.85 5.17 11.12 6.99 8.12 6.86 4.82 2.15 4.07
ROA(%) -5.52 -5.02 -1.59 -5.91 -5.44 -8.95 -8.29 -11.54 -14.99 -20.93 -15.43
ROE(%) 0 -313.04 -11.82 -34.19 -38.92 -99.21 -232.98 0 0 0 0
ROCE(%) 3.82 2.42 6.33 -1.81 -0.97 -4.84 -4.76 -12.25 -22.06 -63.6 0
Receivable days 76.47 105.5 93.59 95.07 94.71 96.77 78.99 63.3 61.63 68.77 73.07
Inventory Days 4.61 4.77 4.11 3.22 3.08 2.07 0.36 0.41 0.54 0.56 0.54
Payable days 0 0 2824.8 8306.5 0 0 0 0 0 0 0
PER(x) 0 0 0 0 0 0 0 0 0 0 0
Price/Book(x) -9.61 14.22 5.39 6.24 3.86 2.25 -5.29 -0.3 -0.5 -0.13 -0.06
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 2.85 3.84 3.1 3.78 1.86 1.26 0.65 0.64 0.79 0.62 0.48
EV/Core EBITDA(x) 15.78 20.67 13.21 19.74 8.1 5.09 3.19 3.76 5.66 5.42 10.76
Net Sales Growth(%) 48.46 29.93 26.5 4.26 18.03 2.25 11.53 -4.44 -5.93 -6.95 -4.03
EBIT Growth(%) 40.04 -15.44 190.94 -131.54 45.02 -363.48 19.37 -77.22 -16.32 -43.48 34.51
PAT Growth(%) -36.91 -22.25 59.68 -336.74 5.64 -56 18.55 -13.21 -7.15 -20.87 34.99
EPS Growth(%) -27.49 10.87 62.94 -262.31 -2.83 -37.31 24.01 -18.46 -5.31 -10.95 34.3
Debt/Equity(x) -11.26 7.86 2.19 2.58 4.27 7.5 -131.03 -4.08 -1.96 -1.18 -0.8
Current Ratio(x) 1.3 1.09 0.77 0.75 0.48 0.54 0.42 0.29 0.26 0.27 0.31
Quick Ratio(x) 1.31 1.11 0.85 0.79 0.47 0.54 0.43 0.29 0.26 0.27 0.31
Interest Cover(x) 0.35 0.3 0.74 -0.26 -0.13 -0.49 -0.43 -0.94 -1.15 -1.72 -1.6
Total Debt/Mcap(x) 1.17 0.55 0.41 0.41 1.11 3.33 24.58 13.39 3.95 9.06 13.61

Siti Networks Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 6.1 6.1 6.1 6.1 6.1 6.1 6.1 6.1 6.1 6.1
FII 2.05 2.05 2.05 2.05 2.05 2.05 2.05 2.05 2.05 2.05
DII 2.43 2.43 2.43 2.43 2.43 2.43 2.43 2.43 2.43 2.43
Public 89.42 89.42 89.42 89.42 89.42 89.42 89.42 89.42 89.42 89.42
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Siti Networks News

Siti Networks Pros & Cons

Pros

  • Stock is trading at -0 times its book value
  • Company is almost debt free.

Cons

  • Promoter holding is low: 6.1%.
  • Company has a low return on equity of 0% over the last 3 years.
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