Zee Demands ₹750 Crore from Sony for Calling Off $10 Billion Merger
Do you hold shares of this entertainment firm that recently had a 5% increase in value?
The share price rose from its opening price of Rs 38.75 to a peak of Rs 40, a gain of 5%.
On the BSE, Eros International Media Limited shares opened at Rs 38.75 and reached a high of Rs 39.90. The 52-week high and low for the company are Rs 47 and Rs 17.2, respectively. The market valuation of the company is Rs 381 crore.
Eros International Media Limited, established in 1994, is a global player in the Indian media and entertainment industries, specialising in film production, exploitation, and distribution. It employs a vertically integrated studio model to manage content, distribution, and exploitation across a wide range of mediums around the world, including cinema, digital, home entertainment, and television syndication.
Currently, the firm owns the rights to around 3,000 films, including both new and older works from a wide range of genres, budgets, and languages. Eros Now (OTT Platform) has the rights to over 12,000 Hindi and regional language films, with roughly 5,000 films held in perpetuity from Eros' internal collection and third-party aggregated material.
Its revenue is allocated as follows geographically: India accounts for 30%, with the United Arab Emirates accounting for 57% and the rest of the globe accounting for 13%.
The top line in Q1FY23 is Rs 37 crore, an 86% rise year on year. In the June quarter of FY22, the company reported a net loss of Rs 26 crore. In FY22, the company generated Rs 87 crore in cash from operations. The company's sales growth over the last five years has been -23.2%, and its return on equity has been -0.35%. The balance sheet reveals Rs 566 crore in contingent liabilities, and the promoters have pledged 38.5% of their stake. The company's earnings include other income of Rs 102 crore, and it has a long debtors' period of 624 days.
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Tanushree Jaiswal
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