Result Analysis: Country Club India Ltd

Country Club India Ltd came out with good set of numbers for the Q3FY13 both on Q-o-Q and sequential basis. The total income of the company for Q3FY13 came out to be Rs.93.65 Cr as against Rs.85.01 Cr in the same period previous  year, a jump of around 10%, Q-o-Q. The net profit of the company for Q3FY12 came out to be Rs.13.20 Cr as against Rs.13.04 Cr in the same period previous  year and Rs.10.78 Cr speaking sequentially. The EPS of the company remained flat during both Q3FY12 and Q3FY11. The income from operations include Guest Accomodation, Restaurant, Banquet sales of Rs.6.77 Cr, while the subscription from the members and others is Rs.52.38 lakhs. Therefore, still the subscription is a major revenue generator for the company. Hence, we can say the company has a steady business model. You can study the results at: CLICK HERE.

New Year (2012) Celebration by Country CLub (I) Ltd in Style
For more photos on New Year Celebrations: CLICK HERE

The stock has already reacted to the good news and is about to break out of the current trend, as per charts, which is given, here.  The season of the company has started. 
Another interesting development is that more than 80% of the shares traded yesterday, in the BSE was delivery based, which implies that people are entering the counter. The company has huge properties all over India and also in overseas and there is no question of going bust at this point of time. 

Country Club India Ltd is India's biggest chain of Family Clubs recognized by the Limca Book of World Records. With 51 of its own clubs, it's truly a pioneer in family clubbing. It offers state of the art facilities in all the clubs for a heightened pleasure. Set to sprawling green environments, it offers swimming pools, indoor games, health clubs, well serviced rooms and professionally trained manpower to meet every need of yours. The clubs are equipped to deal with your banquets and business needs. Also, weekend activities, competitions and contest help engage and build a clubbing community.
A unique benefit to members joining The Country Club is the facility of transferability of membership from one city to another, paying the differential membership fee, in case the membership fee at the city to which transfer is sought is higher.
With a Book value of Rs.77 and P/E of only 6.55, the stock at the current price of Rs.8.85 is a steal, for the investors. A reasonable P/E of 20 can take the scrip to around Rs.25-26 in the coming days.