X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Mukta Arts: 'Yaadein' propels net - Views on News from Equitymaster
 
 
  • PRINT
  • E-MAIL
  • FEEDBACK
  • A  A  A
  • Jan 31, 2001

    Mukta Arts: 'Yaadein' propels net

    Mukta Arts has declared a post tax profit of Rs 21 m on a turnover of Rs 43 m for the quarter ended December 2000. For the full year ended December 2000, the company's net profit amounts to Rs 70 m on a turnover of Rs 100 m. (The company has not given out the figures for the corresponding quarter of last year since the listing requirements were not applicable.) The growth in profits in the current year (operating margins are 70% plus) are on the back of the sale of music rights of 'Yaadein' in the current year. The movie is slated for release only in May 2001. Hence the costs of production have still to be written off.

    (Rs m) 4QFY01 12m FY01
    Sales 43 100
    Other Income 8 24
    Expenditure 13 27
    Operating Profit (EBDIT) 30 72
    Operating Profit Margin (%) 69.6% 72.6%
    Interest 0 1
    Depreciation 5 14
    Profit before Tax 32 82
    Other Adjustments    
    Tax 12 12
    Profit after Tax/(Loss) 21 70
    Net profit margin (%) 48.0% 70.7%
    Earnings per share*   6.4

    The company's contract for the sale of satellite rights of 8 movies to Windmill Holding Ltd. (a Mauritius based affiliate of B4U) has however fallen through. The company has already received an advance of US$ 250,000 (Rs 12 m) against the contracted amount of US$ 3 m (Rs 146 m) .

    The revenue growth in the coming year is to be led by release of three movies 'Rahul' 'Yaadein' and 'Badhai Ho Badhai', all three of which are slated to be released in the current year. Since the costs of production will also accrue in the current year, Mukta's operating margins can be expected to settle down to around 25% in the current year.

    The stock currently quotes at a price of Rs 212 which implies an earnings multple of 33 times FY01 earnings.

     

     

    Equitymaster requests your view! Post a comment on "Mukta Arts: 'Yaadein' propels net ". Click here!

      
     

    More Views on News

    Zee Ent: GST Short term Negative but Long term Positive (Quarterly Results Update - Detailed)

    Aug 14, 2017

    The management believes that GST will aid the advertising spends in the long-run.

    GTPL Hathway Ltd. (IPO)

    Jun 21, 2017

    Should one subscribe to the IPO of GTPL Hathway Ltd?

    S Chand and Company Ltd. (IPO)

    Apr 26, 2017

    Should you subscribe to the IPO of S Chand and Company Limited?

    More Views on News

    Most Popular

    This Small Cap Can Drive Chinese Players Out of India (and Make a Fortune in the Process)(The 5 Minute Wrapup)

    Aug 17, 2017

    A small-cap Indian company with high-return potential and blue-chip-like stability is set to supplant the Chinese players in this niche segment.

    Dear PM Modi, India is Already Land of Self-Employed, and It Ain't Working(Vivek Kaul's Diary)

    Aug 21, 2017

    Most Indians who cannot find jobs, look at becoming self-employed.

    It's the Best Time to Buy IT Stocks(Daily Profit Hunter)

    Aug 16, 2017

    The IT Sector could be in an uptrend till February 2019. Are you prepared to ride the trend?

    Think Twice Before You Keep Money In A Savings Bank Account(Outside View)

    Aug 22, 2017

    Post demonetisation, a cut in bank savings deposits rates was in the offing.

    5 Steps To Become Financially Independent(Outside View)

    Aug 16, 2017

    Ensure your financial Independence, and pledge to start the journey towards financial freedom today!

    More
    Copyright © Equitymaster Agora Research Private Limited. All rights reserved.
    Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

    LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA or Canada, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.

    SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

    Equitymaster Agora Research Private Limited. 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
    Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407
     

    Become A Smarter Investor In
    Just 5 Minutes

    Multibagger Stocks Guide 2017
    Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
    We will never sell or rent your email id.
    Please read our Terms

    MUKTA ARTS SHARE PRICE


    Aug 24, 2017 03:08 PM

    TRACK MUKTA ARTS

    • Track your investment in MUKTA ARTS with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
    • Add To MyStocks

    MARKET STATS