Agree with this - this is definitely available far lower than intrinsic value
500-600 Cr of Cash and equivalents, no debt, ability to churn out 150-200 cr of OCF, fairly non-scammy promoter with wilingness to return cash to shareholders if need be and the the television medium is even more future-proof than newspapers + election year tailwind
Their digital strategy also seems to be better than their newspaper counterparts. Maybe the only thing to worry about is their over-reliance on Aaj Tak for their revenuesâŚbut stil compelling buy for the next year at the very least
Discl: Invested & Biased. All posts here are for informational/educational purposes only