Den Networks Ltd Q2 FY19 Share Price & Earnings Call Analysis

Financials of Den Networks Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Den Networks Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +283273277273258248249261248241241251241
Expenses +249244235233218221221233220222223238225
Operating Profit34294240402728272819181315
OPM %12%11%15%15%16%11%11%10%11%8%7%5%6%
Other Income +27505251575569556771525855
Interest1111111101000
Depreciation29282928282627262624232321
Profit before tax31506462695569556965464849
Tax %-304%15%29%23%-12%22%25%24%13%17%24%16%26%
Net Profit +126424648774352426054354036
EPS in Rs2.800.890.960.991.660.951.090.841.301.140.740.800.80

Financials of Den Networks Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +1,1309481,1571,2851,2061,2911,3071,2261,1301,0811,005974
Expenses +1,0371,1239811,0071,0291,0791,0581,024979927893906
Operating Profit93-17617627817721225020215215411368
OPM %8%-19%15%22%15%16%19%16%13%14%11%7%
Other Income +88511030-165176190120112206244233
Interest827965665932301322
Depreciation18620627624924224725114811911310691
Profit before tax-88-409-155-7-288110186174143245249208
Tax %38%5%21%139%4%47%-2%2%-65%13%21%20%
Net Profit +-122-431-188-17-30159189171236213197166
EPS in Rs-8.08-24.21-10.74-1.76-5.811.474.153.695.094.504.193.47
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Financials of Den Networks Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital178178194195477477477477477477477477
Reserves1,5327926205912,0692,1262,2982,4762,7312,9433,1433,308
Borrowings +9988545055304822130028262320
Other Liabilities +6491,1071,0881,041927872678554524481500478
Total Liabilities3,3572,9312,4072,3573,9553,6883,4523,5073,7593,9274,1424,283
Fixed Assets +1,4251,4741,2991,186935763609557562515463404
CWIP1101294550192137212918148
Investments1451091011272,139702,1401,9131,4261,7091,516210
Other Assets +1,6761,2199629948622,8346661,0161,7411,6852,1493,661
Total Assets3,3572,9312,4072,3573,9553,6883,4523,5073,7593,9274,1424,283

Financials of Den Networks Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +618202185422682181291398418-17
Cash from Investing Activity +-481862-80-2,047429-361-258-54-66-2224
Cash from Financing Activity +-109-161-277-411,933-68813496-115-7-7-3
Net Cash Flow-9633-7464-729-9-33-3011-114
Free Cash Flow-243-3713930-54195109274130-22-57
CFO/OP145%-35%132%66%43%126%62%59%69%59%44%102%

Financials of Den Networks Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days12910174866838262128375540
Inventory Days
Days Payable
Cash Conversion Cycle12910174866838262128375540
Working Capital Days-194-277-167-99-125-155-86-78-82-69-66-6
ROCE %-1%-12%-4%4%-1%4%2%2%3%2%5%6%