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Siti Networks
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Wire and Wireless India Ltd is one of the largest Multi System Operator (MSO) in the country. The company is one of the group companies of Essel Group. The Company, along with its subsidiaries, is engaged in distribution of television channels through analogue and digital cable distribution network, primary Internet and allied services. Its subsidiary companies include Indian Cable Net Company Limited, Central Bombay Cable Network Limited, Siticable Broadband South Limited, and Wire and Wireless Tisai Satellite Pvt. Ltd.
The company aims at providing quality services to their subscribers. The primary business activities of the company are Cable Subscription, Bandwidth Charges, Advertisement and Leasing out infrastructure. The company operates from 7 regional offices, 69 analog headends and 7 digital headends and they deliver approximately 200 analog channels on the existing network. They provide cable TV on analog frequency in 43 cities and their network reached to approximately 6.7 million cable homes.
Wire and Wireless India Ltd was established on March 24, 2006. The company was formed as a part of the whole de-merger of Zee Entertainment Enterprises Ltd, in which all the cable TV distribution business within Zee Entertainment Enterprises Ltd and Siticable Networks Ltd (Siticable) was transferred to the company with effect from. March 31, 2006.
Consequent upon de-merger of cable business undertaking of Siti Cable Network Ltd into the company, the subsidiaries of Siti Cable Network Ltd, namely Central Bombay Cable Network Pvt Ltd, Siticable Broadband South Pvt Ltd and Indian Cable Net Company Ltd became subsidiaries of the company. In this Central Bombay Cable Network Pvt Ltd and Siticable Broadband South Pvt Ltd are wholly owned subsidiary and in Indian Cable Net Company Ltd, the company holds 67.99% along with Central Bombay Cable Network Pvt Ltd.
During the year 2006-07, the company launched packages such as GalaxZee Bonanza, GalaxZee Premium etc and Digital Cable Entertainment in order to provide better services to high end commercially important customers. Also, they implemented Conditional Access System (CAS) in Mumbai, Delhi and Kolkata as per directives of Telecom Regulatory Authority of India. They launched Internet over Cable services in Bangalore during the year.
The company set up a joint venture company, namely Wire and Wireless Tisai Satellite Pvt Ltd along with Tisai group at Kalyan in Maharashtra on June 1, 2006 for providing cable services in that area. The company holds 51% equity stake comprising of 5,100 equity shares of Rs 10/- each in Wire and Wireless Tisai Satellite Pvt Ltd. In April 2008, Central Bombay Cable Network Ltd a subsidiary of the company acquired 66% holding in Master Channel Community Network Pvt Ltd.
Siti Networks share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Siti Networks indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Siti Networks is valued compared to its competitors.
Siti Networks PE ratio helps investors understand what is the market value of each stock compared to Siti Networks 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Siti Networks evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Siti Networks generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Siti Networks in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Siti Networks shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Siti Networks compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Siti Networks over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Siti Networks helps investors get an insight into when they can enter or exit the stock. Key components of Siti Networks Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Siti Networks shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Siti Networks ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Siti Networks provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Siti Networks highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Siti Networks .
The balance sheet presents a snapshot of Siti Networks ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.