Shares of this advertising company hit a fresh 52-week high on September 14

5paisa Research Team 13th December 2022 - 01:00 pm

The has rallied 14.92% in a volatile market.

Praveg Communications (India) Limited is an advertising company with core competence in Exhibition and Event Management. The company is also engaged in providing services to the Hospitality sector, Publications and Real Estate marketing and has set up its branches nationally and internationally.

The company has received a Letter of Award (LoA) from the Varanasi Development Authority, Varanasi. The order is for the development of ‘Tent City’ at the Bank of River Ganges in Varanasi (Uttar Pradesh).

Highlights of the Quarter Ended on June 30, 2022:

Revenues from operations at Rs 2005.93 Lakhs, up by 20% QoQ and 448% YoY. The EBITDA grew 716% QoQ and 881% YoY. The industry-leading EBITDA Margin stood at 43.15%. For the quarter of April-June 2022, net profit was reported at Rs. 565 lakh as compared to Rs 39 lakh in the corresponding period last year, with 15 times rise in net profit on a year-on-year basis. The company’s revenue for the quarter ended in June 2022 jumped 6 times from Rs 363 lakh for the corresponding period last year to Rs 2005 lakh.

On the valuation front, the stock is trading at a PE multiple of 22.34x, as against the industry PE of 31.63x. The company has a market capitalisation of Rs 390.75 crore.

The BSE group 'X' stock of face value of Rs 10 has touched a 52-week high of Rs 253.65 on September 14, 2022, and a 52-week low of Rs 101.50 on November 22, 2021.

The stock has been gaining for the last 3 days and has given 26.64% returns in the period

Praveg Communications (India) is currently trading at Rs. 242.95, up by 31.55 points or 14.92% from its previous closing of Rs. 211.40 on the BSE.

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5paisa Research Team

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