Den Networks Ltd.

Financial

	Den Networks	GTPL Hathway	Dish TV India
Operational Metrics
Broadband
No Of Broadband Subscribers	1.16 Lakh	10.45 Lakh	n/a
Average Revenue Per User (ARPU) - Broadband	562.0 Rs	465.0 Rs	n/a
Cable TV
No Of Cable TV Subscribers	70.0 Lakh	96.0 Lakh	n/a
Average Revenue Per User (ARPU) - Cable TV	82.0 Rs	310.63 Rs	n/a
Financials
5 yr Average ROE	5.93 %	14.19 %	0.55 %
5yr average Equity Multiplier	1.22	2.54	1.41
5yr Average Asset Turnover Ratio	0.33	1.07	0.53
5yr Avg Net Profit Margin	15.25 %	5.35 %	-65.61 %
Price to Book	0.43	1.03	0.0
P/E	13.36	25.02	0.0
5yr Avg Cash Conversion Cycle	33.08 Days	-5766.52 Days	-9885.16 Days
Inventory Days	0.0	3.26 Days	2.2 Days
Days Receivable	33.08 Days	41.43 Days	15.55 Days
Days Payable	2556.13 Days	2496.32 Days	3961.29 Days
5yr Average Interest Coverage Ratio	177.73	12.97	-3.21
5yr Avg ROCE	5.81 %	23.46 %	-73.53 %
5yr Avg Operating Profit Margin	9.59 %	18.85 %	52.19 %
5 yr average Debt to Equity	0.02	0.19	0.21
5yr CAGR Net Profit	25.13 %	6.59 %	3.71 %
5yr Average Return on Assets	4.99 %	5.7 %	-37.77 %
Shareholdings
Promoter Holding	74.9 %	75.0 %	4.04 %
Share Pledged by Promoters	0.0	0.0	11.68 %
Change in Promoter Holding (3 Yrs)	0.0	0.0	-1.89 %
Change in Mutual Fund Holding (3 Yrs)	0.0	-0.36 %	-1.59 %

Business

	Den Networks	GTPL Hathway	Dish TV India
Product Wise Break-Up	Product Wise Break-Up Cables 95.86 Broadband 4.14 0 Advertisement income 0 DTH- Infra Support Service 0 DTH- Lease Rentals 0 DTH- Subscription revenue 0	-	Product Wise Break-Up Cables 0 Bandwidth charges 30.88 DTH- Lease Rentals 0 DTH- Infra Support Service 0 Advertisement 0.67 Broadband 0 Digital TV 66.27 Others 2.18
Location Wise Break-Up	Location Wise Break-Up India 100.0 Rest of the World 0	Location Wise Break-Up India 100.0 Rest of the World 0	Location Wise Break-Up India 100.0 Rest of the World 0
Operating Profit Break-Up	Operating Profit Break-Up Cable 100.0 Broadband 0 EPC Projects 0 Internet 0 Cable Television 0	Operating Profit Break-Up Cable Television 0 Cable 0 Internet 70.63 Broadband 0 EPC 29.37	-
Capex	Capex Cable 94.0 Broadband 6.0	-	-
Services Break-UP	Services Break-UP Placement income 53.23 Subscription revenue 43.15 Activation income 1.21 Internet revenue 0 Feeder charges income 0 Activation Charges 0 Placement / Carriage Income 0 0 Subscription Income 0 Others 2.41	Services Break-UP 0 Subscription revenue 0 Subscription revenue 37.37 Feeder charges income 0 Internet revenue 0 Placement income 0 Placement income 54.56 Activation income 0.27 Activation income 0 Others 7.8	-
Asset Break-Up	Asset Break-Up Cable 96.12 Broadband 3.88 Cable television 0 Internet 0 EPC Projects 0	Asset Break-Up Cable 0 Internet 28.19 Cable television 69.47 Broadband 0 EPC 2.34	-