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Wait for better entry point on Info Edge India Ltd

opagarwal's picture
Submitted by opagarwal on February 23, 2010 - 05:36

Info edge is the holding company of Naukri.com and other internet portals jeevansathi, shiksha , 99 acres and allcheckdeals . Company is valued at 2000 cr with sales of around 200 cr.

Company has 322 cr in bank deposits.

The price to earning is high at 42. Since there is no debt the stock is fully priced at current level. If the company can show improvement on jeevansathi and 99 acres portal , there is more potential.

The biggest source of revenue for these types of portals are on line ads. Unfortunately in India news papwers are still taking most of ad revenue and not much goes to online. Things may take longer.

I would prefer to go with someone like HT media, who has strong cash flow from print media and investing in online media.

I still like info edge as company but not willing to pay more than Rs 700 for this stock. Protecting bottom line is my first priority.


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