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Jul 5, 2010

Sun TV Network Ltd - 532733

 

 

Name of Company

Sun TV Network Ltd

BSE Code

532733

NSE Code

ICICI Code

Established

My Take

Like

Headquarters

Promoters

Story

Has regional TV channels in south India.

Sector

Sub-sector

Website

http://www.sunnetwork.in/

Positives

77% promoter holding. 17K Cr market cap for a 567 Cr profit – this is such a great cost – but higher valuations are fine as this is a very profitable company. Dividend declared for FY10 is at Rs. 6 = 1.3% dividend yield, not the regular yield but this company is a regular dividend payer – can expect 0.5% yield. 1800 Cr reserves for a 1400 Cr revenue in FY10. Average NPM's are at 40%. Lowest was at 39.71%. Even better news is its zero debt operation.

Negatives

Very near 52 week high – can buy at lower levels.

Peers

News

Price @ blogged

430 (5-Jul-10)

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