Country Condo's
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Forensics
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Country Condo's Limited informed exchanges on July 2 that its board will meet on July 9 to consider a preferential issue of equity shares to non-promoters for up to ₹30 crore. The proposed fundraising is nearly as large as the company's entire ₹37 crore market capitalisation, meaning existing shareholders could face significant dilution. Vice-chairman and director Y. Siddharth Reddy and vice-chairman and CEO D. Krishna Kumar Raju will be authorised to lead the issue and appoint intermediaries. No further details on pricing or the prospective investors were disclosed, and the board may address other matters at the Hyderabad meeting.
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Country Condo's Limited informed exchanges on July 2 that its board will meet on July 9 to consider a preferential issue of equity shares to non-promoters for up to ₹30 crore. The proposed fundraising is nearly as large as the company's entire ₹37 crore market capitalisation, meaning existing shareholders could face significant dilution. Vice-chairman and director Y. Siddharth Reddy and vice-chairman and CEO D. Krishna Kumar Raju will be authorised to lead the issue and appoint intermediaries. No further details on pricing or the prospective investors were disclosed, and the board may address other matters at the Hyderabad meeting.
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July 2 (Reuters) - Country Condo's Ltd COCO.NS:
COUNTRY CONDO'S - TO CONSIDER PREFERENTIAL ISSUE OF EQUITY SHARES UP TO 300 MILLION RUPEES TO NON-PROMOTERS
Source text: ID:nBSE5TxHz8
Further company coverage: COCO.NS
(([email protected];;))
July 2 (Reuters) - Country Condo's Ltd COCO.NS:
COUNTRY CONDO'S - TO CONSIDER PREFERENTIAL ISSUE OF EQUITY SHARES UP TO 300 MILLION RUPEES TO NON-PROMOTERS
Source text: ID:nBSE5TxHz8
Further company coverage: COCO.NS
(([email protected];;))
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What does Country Condo's do?
Country CondoS Ltd initially focused on pharmaceuticals and formulations but later expanded into real estate and hospitality services.
Who are the competitors of Country Condo's?
Country Condo's major competitors are Ansal Buildwell, Ansal Propert.&Infra, BDR Buildcon, Rodium Realty, Victoria Mills, Skyline Millars, Vivid Mercantile. Market Cap of Country Condo's is ₹57 Crs. While the median market cap of its peers are ₹57 Crs.
Is Country Condo's financially stable compared to its competitors?
Country Condo's seems to be less financially stable compared to its competitors. Altman Z score of Country Condo's is 3.45 and is ranked 5 out of its 8 competitors.
Does Country Condo's pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Country Condo's latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Country Condo's allocated its funds?
Companies resources are allocated to majorly unproductive assets like Inventory
How strong is Country Condo's balance sheet?
Balance sheet of Country Condo's is strong. But short term working capital might become an issue for this company.
Is the profitablity of Country Condo's improving?
No, profit is decreasing. The profit of Country Condo's is ₹0.59 Crs for TTM, ₹0.6 Crs for Mar 2025 and ₹1.61 Crs for Mar 2024.
Is the debt of Country Condo's increasing or decreasing?
The net debt of Country Condo's is decreasing. Latest net debt of Country Condo's is -₹0.79 Crs as of Mar-26. This is less than Mar-25 when it was -₹0.69 Crs.
Is Country Condo's stock expensive?
Yes, Country Condo's is expensive. Latest PE of Country Condo's is 95.99, while 3 year average PE is 49.56. Also latest EV/EBITDA of Country Condo's is 55.54 while 3yr average is 33.56.
Has the share price of Country Condo's grown faster than its competition?
Country Condo's has given lower returns compared to its competitors. Country Condo's has grown at ~8.31% over the last 7yrs while peers have grown at a median rate of 12.82%
Is the promoter bullish about Country Condo's?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Country Condo's is 53.86% and last quarter promoter holding is 53.86%.
Are mutual funds buying/selling Country Condo's?
There is Insufficient data to gauge this.