Equity Valuation
QUADRANT TELEVENTURES LTD.
EQUITY RESEARCH REPORT
August 25, 2013
Results Review
Quadrant Televentures Ltd.
Share Data
Market Cap
Price
BSE Sensex
SELL
The company provides landline, internet, leased line and mobile
Reuters
Bloomberg
Avg. Volume (30 Days)
52-Week High/Low
Shares Outstanding
Rs 1,52.45 cr.
Rs. 2.47
18,519.44
(+1.13%)
QUAD.BO
QDTV:IN
42,985
Rs. 4.98/2.16
61.226 cr.
telephony (GSM and CDMA) services in the Punjab telecom circle.
It was formerly part of the Himachal Futuristics Communications group, named HFCL Infotel and promoted by Anant Nahata. It started as a provider of landline services under the brand name
‘Connect’ in 2000. It launched CDMA services in 2007 and GSM operations in Punjab in 2010. The HFCL group held 36% in a joint-
Valuation Ratios
(Consolidated)
EPS
+/EV / Sales (X)
EV / EBITDA (X)
2013E
2013A
Negative
Negative
1.69
-15.41
Negative
Negative
-
venture with the Videocon group under the name Datacom – this company had licenses in all circles except Punjab. As part of
Videocon’s buyout of HFCL’s stake in Datacom (now Videocon
Telecommunications) in August 2009, the ownership of HFCL
Shareholding
Pattern
Foreign
Institutions
Govt. Holding
Non Promoter
Corp. Hold.
Promoters
Public & Others
Totals
Shares
421041.00
183357252
0
(%)
0.07
29.95
0
77517080
326705000
24259895
612260268
12.66
53.36
3.97
100
Infotel was also transferred to the Videocon group at no additional consideration because the debt of HFCL was absorbed by the
Videocon group. Post the change of management, the company is now named Quadrant Televentures.
Recent Developments:
Videocon invests in 2G spectrum, signals intent to stay in the
Index Comparison
mobile services industry.
With accumulated losses of Rs. 16,284.1 mn and negative net worth of Rs. (7913) mn as of 30 September 2012, the company’s continuity in operations depends
EQUITY RESEARCH REPORT
August 25, 2013
Results Review
Quadrant Televentures Ltd.
Share Data
Market Cap
Price
BSE Sensex
SELL
The company provides landline, internet, leased line and mobile
Reuters
Bloomberg
Avg. Volume (30 Days)
52-Week High/Low
Shares Outstanding
Rs 1,52.45 cr.
Rs. 2.47
18,519.44
(+1.13%)
QUAD.BO
QDTV:IN
42,985
Rs. 4.98/2.16
61.226 cr.
telephony (GSM and CDMA) services in the Punjab telecom circle.
It was formerly part of the Himachal Futuristics Communications group, named HFCL Infotel and promoted by Anant Nahata. It started as a provider of landline services under the brand name
‘Connect’ in 2000. It launched CDMA services in 2007 and GSM operations in Punjab in 2010. The HFCL group held 36% in a joint-
Valuation Ratios
(Consolidated)
EPS
+/EV / Sales (X)
EV / EBITDA (X)
2013E
2013A
Negative
Negative
1.69
-15.41
Negative
Negative
-
venture with the Videocon group under the name Datacom – this company had licenses in all circles except Punjab. As part of
Videocon’s buyout of HFCL’s stake in Datacom (now Videocon
Telecommunications) in August 2009, the ownership of HFCL
Shareholding
Pattern
Foreign
Institutions
Govt. Holding
Non Promoter
Corp. Hold.
Promoters
Public & Others
Totals
Shares
421041.00
183357252
0
(%)
0.07
29.95
0
77517080
326705000
24259895
612260268
12.66
53.36
3.97
100
Infotel was also transferred to the Videocon group at no additional consideration because the debt of HFCL was absorbed by the
Videocon group. Post the change of management, the company is now named Quadrant Televentures.
Recent Developments:
Videocon invests in 2G spectrum, signals intent to stay in the
Index Comparison
mobile services industry.
With accumulated losses of Rs. 16,284.1 mn and negative net worth of Rs. (7913) mn as of 30 September 2012, the company’s continuity in operations depends