Pritish Nandy Communications Limited

( Market price INR 9.5 as On 11th Oct 2013, NSE at 6096 )

1.       Promoter stake :

a.       37.91% of share held by promoters as on 30^th June 2013 .

b.      Additional 5 lac shares added by promoter group in the month of Oct raising the promoter stake to 41%.

2.       Promoters Pledge share:

a.       None of the promoter’s shares are either pledged or otherwise encumbered.

3.       EPS and PE Ratio

a.       EPS

                                                               i.      Year Ended 31^st March 2013 : - 3.74 ( Negative)

                                                             ii.      Quarter ended June 2013  :  +.30 ( Positive)

Note: Company is going to release a big budget movie in the month of Feb on Valentine day (Shaadi ke Side Effects) starring Farhan Akhtar and Vidya Balan. This gives us a transparency into the future earning which may lead to improved EPS.

4.       PEG Ratio : Following will have an impact on Price Earning Growth ratio

a.       Apart from Shaadi Ke Side Effects, two more small budget movies are pending release probably next year.

b.      Company also has 100% subsidiary which is into wellness industry, PNC Wellness Limited.

                                                               i.      Moksh and Moksh zip are two brands of PNC Wellness Limited.

                                                             ii.      Both brands intend to grow into retail chain of high quality wellness facilities cornering all ends of the wellness market.

                                                            iii.      Moksh has won several awards in the past like Best Holistic Centre in Mumbai Award from BIG Brands Research in 2013

5.       Book Value of Share

a.       As on 31^st March 2013 Book Value is INR 56

b.      Current market value of share is INR 9.5

c.       Company trading at almost 17% of its book value

Conclusion : PNC at current price is a good investment to make keeping in mind holding period of 9 months to 1 year.

Status of previous Analysis

·         Reliance Broadcast Network Limited

o   Market price as on blog date (27^th June 2013) INR 31

o   Market price as on 11^th Oct 2013 is INR 52.50

o   Appreciation of INR 21.50 (Return of 70%)

o   Company Delisted at INR 70 in the month of March 2014, appreciation of 125% from the date of the blog i.e. 9 months.

·         Phillips Carbon Black Limited

o   Market price as on blog date (25^th Aug 2013) INR 36

o   Market price as on 30^th April 2014 is INR 61

o   Appreciation of INR 25.00 (Return of 70% in 7 months)