Equity Watch

VISU INTERNATIONAL:Pomoters increase their stake at 70% premium to market price

Visu International ,a pioneer in the field of Global Education was started in 1983 by Mr. C.C. Reddy an NRI from US.To date it has 73 offices worldwide and has placed more than 75000 students in Universities abroad.Its corporate office is in Hyderabad and International office in New Jersey US.It offers the following services:    

  • Councelling
  • Coaching for TOEFEL , GRE , GMAT , SAT  in India .About 30000 students per year are getting coaching in various centres within India.
  • Application Processing for admission abroad
  •  e- application status
  • Visa guidance
  • Post Visa services
  • Bank Loan guidance
  • Traval Assistance
Scrip Code : 590038    Company Name : Visu International Ltd
Type UnAudited UnAudited UnAudited
Date Begin 01 Apr 06 01 Apr 05 01 Apr 04
Date End 31 Mar 07 31 Mar 06 31 Mar 05
Description Value(Rs. million)
Net Sales 941.19 715.33 219.05
Other Income 4.74 0.36
Total Income 945.92 715.69 219.05
Expenditure -770.21 -618.6 -181.68
Operating Profit 175.71 97.09 37.37
Interest -8.16 -5.07 -5.45
Gross Profit 167.55 92.02 31.92
Depreciation -12.41 -9.78 -6.36
Profit before Tax 155.14 82.25 25.57
Tax -13.11 -10.71 -8.73
Profit after Tax 142.03 71.54 16.84
Net Profit 142.03 71.54 16.84
Equity Capital 353.3 135.8 100.8
EPS 4.02 5.27 1.67
Nos. of Shares – Non Promoters 32801996 12551996 3751996
Percent of Shares – Non Promoters 92.84 92.43 37.22
Result Type A A A
  Notes Notes Notes       

Financials downloaded fro BSEINDIA

Company has raised funds to the tune of US $ 20 million through GDR and FCCB

On 31st March 2008, the promoters have increased their stake in the Company by issue of 3 million shares at Rs.17.5 per share or at 70% premium to the market price. With this allotment  promoters contribution to the equity will increase to 15%  from the present 7%. Company is re-organising its various other businesses of Films, Publishing, Communication etc. which augurs well for its future prospects.

Buy in the co’s scrip is rcommended at CMP of Rs.11, with 2 years HOLD.

This report has been prepared solely for information purposes and the information contained herein may not be deemed to be an investment advice. Such information is impersonal and not tailored to the investment needs of any specific person. The information contained herein is not a complete analysis of every material fact representing any company, industry or security. The views expressed may change. While the information contained herein has been obtained from sources believed to be reliable, no responsibility (or liability) is accepted for the accuracy of its contents. Investors are advised to satisfy themselves before making any investments and should consult with and rely upon their own advisors whether and how to use such information in making any investment decision. Neither the author nor his firm accepts any liability arising out of use of the above information

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One thought on “VISU INTERNATIONAL:Pomoters increase their stake at 70% premium to market price

  1. Gaurav says:

    hi sir ,nice to have your recommendations …waiting for a new recommendation for a long time ..hope to read something from you soon

    Like

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