About Company:
Pressman Advertising Limited is India's only listed advertising agency with wide capabilities and a substantial reputation built over more than four decades. It provides advertising, media planning & buying, market research, public relations, design and digital services to hundreds of clients.
Pressman has an extensive network of offices in India. The offices are located in Mumbai, Kolkata, Delhi, Bangalore, Hyderabad, Chennai, Bhubaneswar, Nagpur, Siliguri and Patna.
Financial: Company has achieved turnover of approx. 38 crores in 2014 with Net profit of 6.52 crores Company has small equity base of 4.7 crores with very high promoter holding of above 75%.
Positives:
1. Only listed company in growing advertising and media which offers unlimited potential for growth
2. Company has some very reputed clients in banking, FMCG and others sectors
3. With expected growth in Indian Economy each company will increase there advertising budget which should help company to garner more business.
4. Enjoys very high margin of approx. 16-17%
5. Stock is available at very cheap levels at PE multiple of 12
6. Very high promoter holding reflects confidence of management in business
7. 100% Debt free company
8. 50% Dividend declared last year resulting in dividend yield of 3% at CMP of Rs34
A gem of company available at cheap levels must for long term investor in core portfolio a real multi bagger in making……….Buy at CMP for fantastic returns
Sir, what's your take on IDFC and Ashok Leyland at CMP? Thanks.
ReplyDeleteIDFC good stock already appreciated L&T finance can be better bet at CMP.
ReplyDeleteAshok Leyland : expensive at current level