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126.6000 -1.87 (-1.46%)
NSE Apr 09, 2025 09:07 AM
Volume: 1
 

126.60
-1.46%
Prabhudas Lilladhar
FMCG is muted. While traditional radio business is under pressure, increasing share of fast growing non-FCT (~33% YoY growth in FY19) business will enable ENIL to register double digit top-line growth over the next 2 years. Nonetheless, we continue to remain apprehensive of renewed focus on non-FCT business due to its margin dilutive nature (~13% EBITDA margin in FY19). Low capex and minimal working capital needs are the only factors that give us comfort as risk of capital misallocation is minimal even if margins fail to meet expectations (aim is to increase non-FCT EBITDA...
Entertainment Network (India) Ltd. is trading below all available SMAs
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