Shemaroo

By Research Desk
about 9 years ago
Shemaroo

 

This media content house is active in content acquisition, value addition to content and content distribution. It is engaged in the distribution of content for satellite channels, physical formats and digital technologies, such as Mobile, Internet, Internet Protocol television (IPTV) and Direct to home (DTH), among others.

The company posted a good set of numbers for Q4 and FY15. On a 64% (Y0Y) rise in consolidated net sales at Rs.87 crore for Q4Fy15, the company posted a net profit of Rs.13 crore, up 86%. Margins though showed some pressure due to costs, which rose 69%. EBITDA came in at Rs.27 crore, up 50% while margins fell from 33.96% to 31.03%. It ended FY15 with a consolidated net profit of Rs.41 crore, up 52%.

The company has gone public in Sept 2014 and had issued shares on the upper price range of Rs.170 and it got listed at Rs.180 but soon slumped down. The IPO was subscribed 7.26 times with qualified institutional buyers (QIBs) 5.7 times subscription. Retail individual investors subscribed 7.54 times while high net individuals subscribed 8.64 times. The company raised Rs.120 crore through the IPO and after spending on the IPO, it was left with Rs.109 crore of which it has till date utilized Rs.67 crore and balance Rs.41 crore is invested in mutual funds and others.

167.25 (-3.10)

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