Equity / Stocks - Hindustan Media Ventures in MARKETS - CMP: 139
Hindustan Media Ventures Ltd. is a publishing company. The Company publishes the "Hindustan" Hindi newspaper which covers news ...
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11-15-2011 04:41 PM
Hindustan Media Ventures
CMP: 139
Hindustan Media Ventures Ltd. is a publishing company. The Company publishes the "Hindustan" Hindi newspaper which covers news across the entire spectrum of international, national and local news relating to politics, business, entertainment, sports and other general interests.
Hindustan Media Ventures is a budding mid-cap company well on its way to become a strong mid-cap stock. Its currently trading at a fair P/E of 15 with decent dividend yields below 1% in the last 12 months. Minimal liabilities with Cash flow being re-invested for growth. Revenues have grown from 162 Crores in FY10 to 520 Crores in FY11 since its IPO. Profits have grown from 14 Crores in FY10 to 54 Crores in FY11. NPM has risen from less than 9% to over 10% in just a year. Buy and hold for long term gains.
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