Siti Networks Ltd
About
SITI Networks Limited, or SITI Cable Network Limited, has diverse interests spanning media, entertainment, education, packaging, technology, infrastructure, and precious metals. It wholly owned Zee Telefilms Limited till 2006, when it was demerged and transferred to WindWorld India Limited (WWIL). SITI Networks is one of the largest Multi System Operators (MSO) in India, with a network of 33,000 km of optical fibre and coaxial cables reaching approximately 580 locations. SITI’s Digital TV product range includes digital and analogue cable television, local television channels, and broadband services. Its video-on-demand (VOD), pay-per-view, and over-the-top (OTT), set top box (STB), and electronic programming guide (EPG) services are available to more than 55 million customers.
Featured In Fortune India Ranking
Financial Data 2023
Financial Data
| PARAMETERS | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 1380 -5.5% | 1461 -6.1% | 1556 -4.3% | 1626 10.3% | 1474 3.4% | 1426 16.8% | 1221 4.4% | 1169 24.8% | 937 31.9% | 710 46.9% | 484 32.8% | 364 15.0% | 317 12.8% | 281 -9.6% | 311 - |
| Net Operating Income (INR Cr) | 1345 -6.95% | 1446 -5.93% | 1537 -4.44% | 1608 11.53% | 1442 2.25% | 1410 18.03% | 1195 4.27% | 1146 26.50% | 906 29.93% | 697 48.46% | 470 36.99% | 343 12.05% | 306 12.22% | 273 -11.55% | 308 13.74% |
| Profit (INR Cr) | -280 - | -252 - | -240 - | -202 - | -266 - | -194 - | -189 - | -47 - | -109 - | -94 - | -64 - | -91 - | -62 - | -176 - | -96 - |
| Assets (INR Cr) | 268 -58.4% | 643 -31.0% | 932 -32.6% | 1381 -26.2% | 1871 -16.2% | 2233 -4.1% | 2327 12.0% | 2078 20.2% | 1729 19.9% | 1442 53.0% | 943 149.3% | 378 1.4% | 373 16.4% | 320 34.8% | 238 - |
| Net Worth (INR Cr) | -776 -56.3% | -497 -103.0% | -245 - | -5 -102.4% | 198 -42.3% | 343 -36.2% | 537 -5.9% | 571 212.2% | 183 61.4% | 113 271.7% | -66 20.2% | -83 -1090.2% | 8 105.1% | -164 16.7% | -197 -94.6% |
| Employee Cost (INR Cr) | 67 -3.5% | 70 0.1% | 70 -7.3% | 75 -7.6% | 81 -10.1% | 90 8.6% | 83 32.0% | 63 21.8% | 52 35.6% | 38 19.6% | 32 17.9% | 27 10.6% | 25 -3.0% | 25 -16.2% | 30 - |
| Interest Cost (INR Cr) | 115 | 120 | 126 | 158 | 171 | 140 | 127 | 140 | 121 | 119 | 86 | 57 | 57 | 67 | 60 |
| Cash & Bank Balance (INR Cr) | 183 | 93 | 115 | 178 | 78 | 126 | 171 | 375 | 434 | 353 | 129 | 148 | 100 | 40 | 20 |
| Total Debt (INR Cr) | 919 | 983 | 1018 | 1179 | 1454 | 1448 | 1371 | 1135 | 1395 | 1262 | 909 | 448 | 349 | 476 | 426 |
Key Financial Ratios
| PARAMETERS | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Profit As % Of Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Profit As % Of Networth | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Cost to EBITDA % | 104.2% | 68.0% | 59.4% | 60.2% | 68.5% | 47.9% | 69.8% | 56.9% | 88.0% | 105.5% | 119.3% | - | 1701.8% | - | - |
| Debt to Equity Ratio | - | - | - | - | 7.34 | 4.22 | 2.55 | 1.99 | 7.62 | 11.14 | - | - | 41.81 | - | - |
| RONW | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| ROCE | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |