06th Mar 2009

INVESTMENT IDEA Nifty

IDEA Rs.
Mix: 31.03.08 (In %) Rev. PBIT Price:
% fall
High/ Low 114.00
Avg Trading BSE
Volume

PARTICULARS 31/03/2008 FV No. of Sh. Sh.Hold. 30.09.08 %

Rs.(In crores) (In crores) Promoters
Equity- Latest 3100.09 10.00 310.01 FII
Reserves (exc Rev. Reserve)- Latest 7736.65 Ind Inst & MF
Shareholders Funds 10836.74 ADR/ GDR
Book Value (Rs. Per share) 34.96 Others
Dividend % 0 VALUATION ON PRICE FALLS
Market Price (Rs. Per share) 44.95 45 40 35
Dividend Yield (%) 0.00 0.00 0.00 0.00
Market Price/ B V 1.29 1.29 1.14 1.00
Loans-31.03.08 6515.41
Market Cap 13934.90 13950.41 12400.36 10850.32
EV 20450 20466 18916 17366
EBITDA - Q1-3 2009 Annualised 2699.43
EV/ EBITDA 7.58 7.58 7.01 6.43

Running Year 31/03/2008 30/06/2008 30/09/2008 30/09/2008

12 Months Q1 Q2 H1
Cons. Cons. Cons. Cons.
Net Sales 4472.66
Other Income 9.06
EBITDA 1327.13
PAT - Excl Ext.Ord.Exp/Inc./Frx Loss 407.16
EPS - (Annualised) 0.00 0.00 0.00 2.63
PE #DIV/0! #DIV/0! #DIV/0! 17.11
Extra Ord. Gain/ (Loss) (net of tax)
*PAT is excluding Deferred Tax

Remarks -

Peerset Comparision Mkt Price PE EV EV/EBIDTA

Reliance Communication 227.2 7.70 74326 8.40
Bharti Tele 715.5 15.65 145418 9.28
IDEA 52.65
Reports recommended - (Last 6 months coverage)
Report by Date Buy/ Recom. TARGET
Sell Price Price

Recommendation

FRONTLINE CAPITAL SERVICES LIMITED

Corporate Office Regd. Office
B-22, Sector -4 , Noida, U.P M-6, GK-II, New Delhi
PHONE : 0120- 4250810 - 14 PHONE : 011-29216309,29212610
Email:fcsl@fsltechnologies.com Website: www.fcslindia.com

Disclaimer: This document has been prepared by FRONTLINE CAPITAL SERVICES LIMITED (FRONTLINE), for the use by the reipient only and not for circulation. The
information and opinions contained in the document have been complied from sources believed to be reliable. FRONTLINE does not warrant its accuracy, completeness and
correctness. This document is not, and should not be construed as, an offer to sell or solicitation to buy any securities. This document may not be reproduced, distributed or published,
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interest in the securities or maket recommended above.
 2590
45
44.95
60.57
34.00
NSE

Sh.Hold. 30.09.08 %

PRICE FALLS
30
0.00
0.86
9300.27
15816

5.86

31/12/2008
Q3
Cons.
2728.56
2.49
697.44
219.45
2.83
15.87

Mkt Cap
48504
135816
 TARGET
Period

ITED

6309,29212610

reipient only and not for circulation. The

nt its accuracy, completeness and
ot be reproduced, distributed or published,
endent family members may have an