Zee Entertainment Q4 Review - Healthy Free Cash Flow In FY21; Upbeat Outlook, Persistency Key: Dolat Capital

Zee Entertainment channels. (Source: BloombergQuint).

Zee Entertainment Q4 Review - Healthy Free Cash Flow In FY21; Upbeat Outlook, Persistency Key: Dolat Capital

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Dolat Capital Report

Zee Entertainment Enterprises Ltd.’s Q4 FY21 was in-line.

The company ended FY21 with a healthy free cash flow of Rs 13.7 billion before redeemable preference shares pay-out. This has been a key concern area.

The company’s free cash flow generation had been muted for several years (FY18 to FY20, Rs 3 billion).

Zee management’s commentary on multiple aspects was encouraging.

The management seems to be taking cognizance of investor concerns and business investments are happening in the core broadcast and digital with Sugar Box being virtually out.

Click on the attachment to read the full report:

Dolat Capital Zee Q4FY21 Result Update.pdf

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