Reliance Broadcast Network Limited
( Stock Price INR 31 as on 19th May 2013, NSE at 6050 )
Let’s analyze this company as per the below mentioned basic parameters of investing.
- Promoters Stake : Promoter stake as on 31st March 2013 is 70.29 % whereas promoter stake as on 31st March 2012 was 65.37 %. Promoter’s group increased it’s stake by 5% in a creeping manner over a period of one year. This is a positive sign.
- Pledged Promoter Stake : Number of Shares pledged Zero.
- EPS and PE Ratio :
- EPS as follows
- June 2012 -2.5
- Sept 2012 -1.22
- Dec 2012 +0.05
- March 2013 +0.36
- PE Ratio is not relevant here as company had –ive EPS in the previous Quarter
Note : Company made lot of business investments in the past and these investments have now started showing up in terms of profits.
- PEG Ratio : Companies revenue is expected to grow at a good rate in near future due to digitization reforms in India. Following is the recent announcement from the company to respective stock exchange.
Book Value of Share : - As on 31st March 2012 Book Value is INR 27.2, hence trading close to its book value.
Conclusion : RBN seems to be a good pick at current price and will give handsome return in coming years. RBN Delisted at INR 70
