DEN Networks Limited is one of the largest national cable television companies in India established in 2007. DEN Networks is in the business of distribution of analog and digital cable television services.
ICRA has given 3/5 ratings to Den networks Limited, this means as per ICRA, company has Average fundamentals
Valuation comparison with competitors:
The IPO is priced at around 4.5 times its book value (based on post IPO networth), which compares favourably with Wire & Wireless (5x) and Dish TV (6x), its two key listed peers.
The company’s main strategy is to digitise its analogue subscribers. For this the company would be purchasing 7,17,500 set-top boxes. For the quarter ended June, the company reported revenues of Rs 99 crore from its cable business and a further Rs 109 crore came from its STAR-DEN operations during the same period.
