Den Networks Share Price Target 2024, 2025, 2026, 2028, 2030, 2040 and 2050

In this article, we will discuss Den Networks Share Price Target 2024, 2025, 2026, 2028, 2030, 2040 and 2050 on the basis of growth pattern, technical indicators, market sentiment of last several years. Fundamental and technical analysis will also be analyzed for better understanding of the price prediction of the company. It is very important for a long term investor to have knowledge of all these parameters so that they can set their targets in the future and earn good profits.

What is Den Networks

Den Networks is a dynamic, mass media and entertainment company belonging to the communication services sector. It provides entertainment to its customers through cable T.V., OTT entertainment and broadband services. DEN has almost the largest subscriber base among cable players in India. It serves more than 13 million customers in about 433 cities in 13 states of India.

DEN is adopting new technologies to keep its customers connected, one of which is a strong fiber optic network. It has also invested in DOCSIS 3.0 technology for broadband services. It provides speed up to 100 Mbps to its customers, the main cities of which are Delhi-NCR, Jodhpur, Kanpur.

DEN has obtained All India ISP License. The services provided by the company to customers mainly include cable TV distribution, analog offerings and broadband. DEN is planning to launch a triple-play offering, which will provide combined services of voice, data and video to a single customer through this connection. The company has significantly increased its expansion in the cable and broadband business.

Den Networks Fundamental

Den Networks, listed on NSE and BSE, was established in 2007, its current Mkt Cap is ₹2,669Cr. DEN’s performance in this financial year was mixed with Net Sales being ₹2,669Cr, compared to last year it has shown a growth of only 0.67% in Net Sales. In this financial year the company has generated a profit of ₹175.66Cr which is 38.16% less than the previous financial year.

DEN’s ROE and ROCE, which reflect the company’s efficient use of capital and strong profitability, have values ​​of 6.42% and 7.30% respectively, which means the company has given very low return on equity this year.

DEN’s P/E Ratio (TTM) is 13.68 which shows that the company is earning good profits by investing less money and its P/B Ratio is below 1 which is a good ratio for investment.

Company Name	Den Networks Ltd.
Sector	Cable & D2H
Established	2007
Website	dennetworks.com
Listing At	NSE and BSE
Mkt Cap	₹2,669Cr.
ROE	6.42 %
ROCE	7.30 %
52 Week High	₹69.40
52 Week Low	₹32.95
P/E Ratio (TTM)	13.68
P/B Ratio	.67
Face Value	10
Book Value Per Share	71.68
EPS (TTM)	₹3.68
Dividend Yield	0.00
Net Sales	₹1,239.14Cr.
Sales Growth	.67%
Net Profit (Anual)	₹175.66Cr.
Profit Growth	-34%

Den Networks Share Price Target 2024 2025, 2026, 2028, 2030, 2040 And 2050

Den Networks Share Price Target 2024

Month	Minimum Target	Maximum Target
January	₹57	₹60
February	₹56.50	₹61.50
March	₹47	₹56
April	₹48	₹51
May	₹49.30	₹51.50
June	₹51	₹53.50
July	₹51.50	₹54.50
August	₹52.50	₹56.80
September	₹54	₹61
October	₹56.80	₹63
November	₹61.50	₹65
December	₹62	₹66.50

Den Networks Share Price Target 2025

Month	Minimum Target	Maximum Target
January	₹64	₹68
February	₹63	₹65
March	₹58	₹65.50
April	₹63.50	₹68
May	₹64	₹68.50
June	₹66	₹72
July	₹70	₹76
August	₹71	₹75
September	₹74	₹82
October	₹80	₹84.50
November	₹84	₹86
December	₹82	₹85

Den Networks Share Price Target 2026

Month	Minimum Target	Maximum Target
January	₹80	₹85.50
February	₹84	₹86
March	₹85	₹92.50
April	₹81	₹88
May	₹84.50	₹93
June	₹91	₹97
July	₹95.50	₹98.80
August	₹98	₹100.60
September	₹100	₹104
October	₹98.50	₹105
November	₹102	₹112
December	₹100.50	₹106

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Den Networks Share Price Target 2028

Month	Minimum Target	Maximum Target
January	₹186	₹192
February	₹190	₹199.60
March	₹192	₹198
April	₹196	₹200.20
May	₹191.50	₹198
June	₹197.60	₹204
July	₹201	₹212
August	₹210	₹222
September	₹208	₹215.50
October	₹215	₹227
November	₹225	₹234
December	₹223	₹228

Den Networks Share Price Target 2030

Month	Minimum Target	Maximum Target
January	₹421	₹424.50
February	₹424	₹432
March	₹430	₹445
April	₹440	₹451
May	₹450	₹462
June	₹455	₹461
July	₹448	₹454
August	₹447	₹455
September	₹454	₹465
October	₹465	₹479
November	₹471	₹484
December	₹468	₹475

Den Networks Share Price Target 2040

Month	Minimum Target	Maximum Target
January	₹911	₹922
February	₹914	₹925
March	₹918	₹942
April	₹940	₹962
May	₹945	₹960
June	₹932	₹946
July	₹945	₹964
August	₹955	₹972
September	₹970	₹989
October	₹984	₹1003
November	₹1000	₹1027
December	₹1025	₹1042

Den Networks Share Price Target 2050

Month	Minimum Target	Maximum Target
January	₹1522	₹1532
February	₹1512	₹1530
March	₹1515	₹1531
April	₹1530	₹1552
May	₹1542	₹1555
June	₹1550	₹1582
July	₹1580	₹1598
August	₹1592	₹1602
September	₹1600	₹1614
October	₹1594	₹1603
November	₹1602	₹1624
December	₹1621	₹1644

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Den Networks Listing Date

DEN was successfully listed on the Indian markets NSE and BSE on 24-Nov-2009 at ₹195.54 per share. Today on July 7, 2024, the price of one share is ₹ 55.60.

Den Networks Share Price History

Den Networks company was founded by Sameer Manchanda in 2007, whose headquarters is in Mumbai. At the time of listing in 2009, its per share price was Rs 195.54. Today on July 7, 2024, its share price is Rs 55.60. In these 17 years, its share price has declined by 72.56%.

In the last one year, DEN shares have seen a growth of 56.85% and in the last one month and one week, a growth of 15.43% and 3.40% has been seen respectively.

Since the listing, till now the company has traded at maximum at Rs 254.40 and minimum at Rs 25.20. On the basis of this data, it can be expected that its graph will remain uptrend in future and will give good returns to investors.

Den Networks Share Price Growth Chart

To better understand the growth of Den Networks, it is very important to analyze its Share Price Growth Chart. The chart shows that its share price has increased for the first one year, but after that there has been a decline in its share price. The fluctuations in its share price continued for a few days but since 2015, there has been a continuous decline in its share price. The company has been generating good growth for the last one year from which it can be expected that this stock can give good returns to the investors in future.

Den Networks Profit/Loss – Last 5 Years Report

Den Networks Income Report

PROFIT & LOSS ACCOUNT OF DEN NETWORKS (in Rs. Cr.)	MAR 24	MAR 23	MAR 22	MAR 21	MAR 20
	12 mths	12 mths	12 mths	12 mths	12 mths
INCOME
Revenue From Operations [Gross]	1,034.76	1,090.25	1,133.43	1,236.29	1,177.07
Revenue From Operations [Net]	1,034.76	1,090.25	1,133.43	1,236.29	1,177.07
Total Operating Revenues	1,034.76	1,109.87	1,153.76	1,240.25	1,195.48
Other Income	204.38	121.02	121.70	190.28	187.77
Total Revenue	1,239.14	1,230.89	1,275.47	1,430.53	1,383.25

Den Networks Expenses

EXPENSES	MAR 24	MAR 23	MAR 22	MAR 21	MAR 20
	12 mths	12 mths	12 mths	12mths	12 mths
Purchase Of Stock-In Trade	12.94	0.00	0.00	0.00	0.00
Operating And Direct Expenses	0.00	761.98	769.39	776.69	762.25
Changes In Inventories Of FG,WIP And Stock-In Trade	0.00	0.00	0.00	0.00	0.00
Employee Benefit Expenses	62.93	63.20	62.34	59.83	59.74
Finance Costs	2.48	1.38	0.93	3.27	31.03
Depreciation And Amortisation Expenses	72.79	76.96	89.73	158.73	166.39
Other Expenses	881.46	155.71	163.54	185.50	239.96
Total Expenses	1,032.60	1,059.22	1,085.93	1,184.01	1,259.37

Den Networks Profit/Loss

The company’s revenue has remained almost constant for the last 3 years. The company had generated the highest revenue of Rs 1,430.53 crore in the financial year 2021, which was the highest revenue as per the data till date. The total revenue of the company in the financial year 2024 is Rs 1,239.14 crore and the total expenses are Rs 1,032.60 crore. DEN has generated a profit of Rs 175.66 crore in this financial year. It had generated the highest profit of Rs 245.90 crore in the financial year 2021.

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Profit/Loss	MAR 24	MAR 23	MAR 22	MAR 21	MAR 20
	12 mths	12 mths	12 mths	12 mths	12 mths
Profit/Loss Before Exceptional, ExtraOrdinary Items And Tax	206.54	171.67	189.54	246.52	123.89
Profit/Loss Before Tax	206.54	171.67	189.54	246.52	123.89
Profit/Loss After Tax And Before ExtraOrdinary Items	175.66	283.31	189.54	245.90	86.30
Profit/Loss From Continuing Operations	175.66	283.31	189.54	245.90	86.30
Profit/Loss For The Period	175.66	283.31	189.54	245.90	86.30

Other Additional Information

EARNINGS PER SHARE	MAR 24	MAR 23	MAR 22	MAR 21	MAR 20
	12 mths	12 mths	12 mths	12 mths	12 mths
Basic EPS (Rs.)	3.68	5.94	3.98	5.16	1.81
Diluted EPS (Rs.)	3.68	5.94	3.98	5.16	1.81

Den Networks Balance Sheet – Last 5 Years Report:

Den Networks Equities And Liabilities

EQUITIES AND LIABILITIES	MAR 24	MAR 23	MAR 22	MAR 21	MAR 20
	12 mths	12 mths	12 mths	12 mths	12 mths
SHAREHOLDER’S FUNDS
Equity Share Capital	476.77	476.77	476.77	476.77	476.77
Total Share Capital	476.77	476.77	476.77	476.77	476.77
Reserves and Surplus	3,136.05	2,960.31	2,664.24	2,469.39	2,242.46
Total Reserves and Surplus	3,136.05	2,960.31	2,664.24	2,469.39	2,242.46
Total Shareholders Funds	3,612.81	3,437.08	3,141.00	2,946.15	2,719.23
NON-CURRENT LIABILITIES
Long Term Borrowings	0.00	0.00	0.00	0.00	0.00
Deferred Tax Liabilities [Net]	0.00	0.00	0.00	0.00	0.00
Other Long Term Liabilities	35.41	48.97	47.99	86.52	160.81
Long Term Provisions	8.89	9.61	10.79	9.09	8.53
Total Non-Current Liabilities	44.29	58.58	58.78	95.61	169.34
CURRENT LIABILITIES
Short Term Borrowings	0.00	0.00	0.00	0.00	213.35
Trade Payables	324.26	317.75	299.48	417.66	424.12
Other Current Liabilities	114.34	130.07	133.85	154.44	165.10
Short Term Provisions	3.49	2.16	1.69	1.55	1.11
Total Current Liabilities	442.09	449.98	435.01	573.64	803.67
Total Capital And Liabilities	4,099.19	3,945.64	3,634.79	3,615.41	3,692.24

Den Networks Assets

ASSETS	MAR 24	MAR 23	MAR 22	MAR 21	MAR 20
	12 mths	12 mths	12 mths	12 mths	12 mths
NON-CURRENT ASSETS
Tangible Assets	268.12	269.57	243.39	256.69	363.76
Intangible Assets	0.00	5.85	5.58	2.00	2.50
Capital Work-In-Progress	0.00	25.25	17.73	30.55	10.65
Other Assets	0.00	0.00	0.00	0.00	0.00
Fixed Assets	268.12	300.66	266.69	289.23	376.91
Non-Current Investments	630.77	628.99	582.45	556.23	537.36
Deferred Tax Assets [Net]	85.96	111.47	0.00	0.00	0.00
Long Term Loans And Advances	0.00	0.00	0.00	1.09	1.43
Other Non-Current Assets	50.98	64.55	86.18	87.53	146.20
Total Non-Current Assets	1,035.82	1,105.66	935.32	934.08	1,061.90
CURRENT ASSETS
Current Investments	1,609.75	1,317.23	1,841.18	2,071.31	3.87
Inventories	0.00	0.00	0.00	0.00	0.00
Trade Receivables	155.62	185.45	179.38	277.76	316.53
Cash And Cash Equivalents	1,224.67	1,268.75	627.74	255.60	2,255.14
Short Term Loans And Advances	0.00	0.00	0.00	40.34	24.16
OtherCurrentAssets	73.33	68.55	51.17	36.31	30.63
Total Current Assets	3,063.37	2,839.98	2,699.47	2,681.33	2,630.34
Total Assets	4,099.19	3,945.64	3,634.79	3,615.41	3,692.24

Other Additional Information

OTHER ADDITIONAL INFORMATION	MAR 24	MAR 23	MAR 22	MAR 21	MAR 20
	12 mths	12 mths	12 mths	12 mths	12 mths
CONTINGENT LIABILITIES, COMMITMENTS
Contingent Liabilities	0.00	152.31	111.87	92.47	156.73
BONUS DETAILS
Bonus Equity Share Capital	—	72.48	72.48	72.48	72.48
NON-CURRENT INVESTMENTS
Non-Current Investments Quoted Market Value	—	—	—	—	—
Non-Current Investments Unquoted Book Value	—	628.99	582.45	556.23	537.36
CURRENT INVESTMENTS
Current Investments Quoted Market Value	—	—	—	—	—
Current Investments Unquoted Book Value	—	1,068.50	1,841.18	2,071.31	3.87

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Den Networks Consolidated Quarterly Report

	Mar 24	Dec 23	Sep 23	Jun 23
Sales +	₹279.62Cr.	₹316.13Cr.	₹322.81Cr.	₹320.58Cr.
Expenses +	₹245.76Cr.	₹261.68Cr.	₹259.76Cr.	₹265.41Cr.
EBITDA	₹51.89Cr.	₹73.02Cr.	₹82.07Cr.	₹74.83Cr.
EBIT	₹34.50Cr.	₹55.02Cr.	₹63.65Cr.	₹55.87Cr.
Net Profit	₹41.63Cr.	₹ 41.00 Cr.	₹45.25 Cr.	₹47.78 Cr.
Profit Before Tax	₹33.85 Cr.	₹55.02 Cr.	₹63.65 Cr.	₹55.87 Cr.
Operating Profit Margin	23.15%	27.38%	30.07%	27.61%
Net Profit Margin	18.57%	15.37%	16.58%	17.63%
Earning Per Share	₹0.87	₹0.86	₹0.95	₹1.00
Depreciation	28	28	29	28
Dividends Per Share	0.00	0.00	0.00	0.00

How to Buy Den Networks Share

To buy and sell shares of any company, it is necessary to have a demat account. These demat accounts are registered on the Indian markets NSE and BSE, due to which there is no possibility of any kind of fraud. Names of some popular Indian brokers are mentioned below –

• Zerodha
• Groww
• Angel One
• Upstox

Den Networks Shareholding Pattern

Promoter	74.90%
Other Domestic Institutions	0.14%
Retail and Others	23.81%
Foreign Institutions	1.11%
Mutual funds	.04%
Total	100.00%

Den Networks Latest News

1. Den Networks has made 8.8% less sales in this financial year (March 2024) compared to the previous financial year. It has made total sales of Rs 258.02 crore in the financial year March 2024.

2. Den Networks’s EPS was Rs 1.66 in March 2024 and Rs 2.80 in the last financial year March 2023, this year its EPS has decreased by Rs 1.14.

3. Den Networks founder Manchanda and his wife Kavita Manchanda signed an agreement with DLF on December 16, 2019 to purchase a 10,813 sq ft apartment in “The Camellias”. He bought this property for Rs 37.83 crore, the final payment of which was made in 2021. The conveyance deed was executed on 19 March 2024, with Den Networks paying stamp duty of Rs 2.27 crore.

Strengths

• Strong Momentum: The company is currently trading above short, medium and long term moving averages which can be a strong signal for investing.
• Growth in Net Profit with increasing Profit Margin (QoQ): According to the consolidated quarterly data of DEN, its net profit has increased by Rs 77 crore by March 2024 and Operating Profit Margin has increased by 16%. Which is Rs 29 crore more than the NET Profit of the last quarter (DEC 2023) and 1% more than OPM. This means that the company is generating high revenue, which can increase the business of the company.
• Company with No Debt: DEN currently does not have any outstanding or borrowing which means the company may be financially strong and low risk. If there is any economic recession in future, the company can deal with it.
• Increasing profits every quarter for the past 3 quarters: Consolidated Figures of DEN is giving continuous profits for the last 3 quarters, the value of which is Rs 46, 48 and 77 crore respectively; Which indicates its strong business model.
• Net Cash Flow: Net Cash Flow of the company between financial years 2023 and 24 is Rs 30 and Rs 10 crore respectively. It is capable of continuously generating Net Cash through its innovative technologies.
• Book Value: DEN’s book value per share in the financial year 2023 is Rs 72.09 and in 2024 it is Rs 75.78. Its current market value per share is Rs 55.10. It has been improving its Book Value per share for the last 2 years.

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Risks

• Degrowth in Profit: The company had made a Net Profit of ₹ 283 crore in the financial year 2023, whereas in the financial year 2024 it generated a Net Profit of only ₹ 175 crore. In this financial year the company has been able to generate 38.16% less profit as compared to the previous financial year.
• Operating Revenue: DEN has generated 6.77% less operating revenue in the 2024 financial year as compared to the 2023 financial year, due to which it may see a slowdown in its revenue.
• Fall in Quarterly Revenue and EBITDA: DEN’s Quarterly Revenue for MAR 2024, DEC 2023 and SEP 2023 is ₹279.62Cr, ₹316.13Cr and ₹322.81Cr respectively and EBIDTA is ₹51.89Cr, ₹73.02Cr and ₹82.07Cr respectively which is continuously falling. Therefore, it can be risky from investment point of view.

Den Networks Points to Consider Before Investing

1. Price: The company’s stock is just 19.55% away from its 52 week high zone.

2. Most return in July: The company’s stock has given positive returns to investors 9 times in the last 15 years in the month of July.

3. Mutual Fund and Promoters Holding: Mutual funds have increased their holdings from 0.03% to 0.04% in the March 2024 quarter and Promoters Holding remains unchanged at 74.90%.

4. FII/FPI investors increased: In the March 2024 quarter, the number of FII/FPI investors has increased from 36 to 39 and their holding has also increased from 0.98% to 1.11%.

Competitors of Den Networks

1. Hathway Cable
2. Dish TV
3. GTPL Hathway
4. Sun TV Network
5. TV Today Network
6. NDTV
7. DB Corp

Den Networks Share Price Target: Expert Opinion

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Conclusion

The company’s performance has been mixed in this financial year, but after analyzing the financial ratios and fundamentals, its stock price is expected to increase. But due to continuous decline in its revenue in the last 2 years, there has also been a decline in profit growth. There has been a decline in stock earnings this year as compared to last year, while there has been an improvement in its book value. Considering all these mixed reactions and challenges to its financial performance, DEN Network investors will need to keep a close eye on its future strategies and market conditions.

Investing in this stock can be a potential opportunity for investors, but before investing, you should understand the fundamental risks associated with this stock and be cautious in your investment decisions.

Disclaimer – Please note that we are not SEBI-registered advisors. Our post is for educational purposes only. Therefore, before investing in any share, take advice from a SEBI certified expert. If you invest, you yourself will be responsible for your profit and loss, not us.

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Den Networks Share Price Target 2024, to 2050

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