Shares of this entertainment company surged by 5 per cent; do you own it?

The stock opened at Rs 38.75 and reached a high of Rs 39.90, up by 5 per cent.

Shares of Eros International Media Limited opened at Rs 38.75 and reached a high of Rs 39.90 on the BSE. The company's 52-week high and low are Rs 47 and Rs 17.2, respectively. The company's market capitalization is Rs 381 crore.

Eros International Media Limited, founded in 1994, is a global participant in the Indian media and entertainment industry, specialising in film production, exploitation, and distribution. It uses a vertically integrated studio strategy to control the content, distribution, and exploitation across many mediums globally, including cinema, digital, home entertainment, and television syndication.

The company presently has the rights to approximately 3,000 films, including modern and vintage works from a variety of genres, budgets, and languages. Eros Now (OTT Platform) owns the rights to around 12,000 films in Hindi and regional languages, with approximately 5,000 films controlled in perpetuity, from Eros' internal collection as well as third-party aggregated content.

Its revenue is distributed geographically as follows: India: 30 per cent, with the United Arab Emirates accounting for 57 per cent and 13 per cent for the rest of the world.

The top line in Q1FY23 is Rs 37 crore, an increase of 86 per cent year on year. The company reported a net loss of Rs 26 crore in the June quarter of FY22. The company generated Rs 87 crore in cash from activities in FY22. Over the last five years, the company's sales growth has been -23.2 per cent, and its return on equity has been -0.35 per cent. The balance sheet shows contingent liabilities of Rs 566 crore, and the promoters have pledged 38.5 per cent of their stake. Other income of Rs 102 crore is included in the company's earnings, and it has a high debtors' period of 624 days.