Hi
For information of all the borderers i am posting complete financial analysis of teledata for last 5 querters with this post (i hope it copies well)
Teledata Informatics Ltd
Dec 2005 Mar 2006 Jun 2006 Sep 2006 Dec 2006 Mar 2007
(Rs. Crore) 3 mths 3 mths 3 mths 3 mths 3 mths 3 mths
Income 147.5 212.6 153.7 267.1 310.6 363.8
Net sales 143.9 208.6 148.6 265.2 310.1 353.6
Other income 3.6 4.0 5.1 1.9 0.5 10.2
Non-recurring inc.0.0 0.0 0.0 0.0 0.0 0.0
Expenditure 97.2 127.3 97.6 176.9 210.1 212.8
Consp. of raw mat.0.0 0.0 0.0 0.0 0.0 0.0
Change in stock 0.0 0.0 0.0 0.0 0.0 0.0
Personnel cost 3.3 1.8 2.1 2.6 2.5 10.0
Other expenses 93.9 125.5 2.7 174.3 207.6 202.8
Non-recurring exp.0.0 0.0 0.0 0.0 0.0 0.0
PBDIT 50.2 85.0 56.1 90.2 100.5 151.0
Interest 0.4 0.8 1.1 0.5 1.6 11.2
PBDT 49.9 84.2 55.0 89.6 98.8 139.8
Depreciation 15.4 41.4 16.7 16.7 16.7 16.7
PBT 34.4 42.7 38.3 73.0 82.1 123.1
Tax 0.0 0.2 0.1 0.1 0.1 0.1
Deferred tax 0.0 0.3 0.0 0.0 0.0 0.0
PAT 34.4 42.5 38.2 72.9 82.0 123.0
Annualised PAT 131.9 123.4 146.3 188.0 235.7 316.2
Growth (%)
Sales 215.06 95.23 43.23 142.54 115.50 69.54
Total expenses 336.25 185.85 41.59 163.79 116.07 67.22
PBDIT 114.43 36.26 56.79 101.59 99.96 77.67
Interest 14.71 125.00 289.29 67.74 323.08 1276.54
PBDT 115.89 35.74 54.96 101.82 98.21 66.14
PAT 121.16 20.22 23.24 134.04 138.53 189.44
Adjusted EPS 15.03 8.01 9.50 10.95 13.73 18.42
Profitability (%)
PBDIT / sales 34.91 40.74 37.75 34.00 32.39 42.69
PBDT / sales 34.64 40.35 37.02 33.81 31.86 39.54
PBT / sales 23.91 20.48 25.80 27.52 26.48 34.82
PAT / sales 23.90 20.38 25.73 27.48 26.45 34.79
Capital 87.77 153.97 153.97 171.67 171.71 171.67
EPS (Quarterly) 3.92 4.40 2.48 4.52 4.78 7.17
Price 24.75 18.30 12.16 13.84 25.20 57.85
P/E (Annualised) 1.65 2.28 1.28 1.26 1.84 3.14
It is clear from these figures that fundamentals of this company look greate. This coupled with its demerger news explains the upward movement seen in this scripe. However this scripe traditionally been a traders scripe. The management is also known to be not sound on corporate governance.
But then recent acquisition of esys and other acquisition looking in pipeline, it seems that management definately has money and is ready to spend it also. Then this demerger although is an attempt to increase promoters stake, but recent buying from some mutual funds and FIIs increasing stake hints that company has good future (lets hope that these are not speculating). If one goes by this, the picture looks rosy and looking at daily volumes and a circuit of 5 percent, one can expect this current movementom in stock might take it to Rs 120 or so pre demerger. And here is my bet enter this scripe early and get out of it pre demerger making handsome profits.
PS. I hold good amount of Teledata at a much favourable price and have already made good profits. I have been traking this stock from 2005 when it was 200+. i have seen it go to Rs 9 and rise to todays high of 83.
