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Pressman Advertising - the first BSE/NSE Listed ad agency

Published on Saturday, October 26, 2013 by Dilip Davda | Modified on Wednesday, July 22, 2015

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Pressman Advertising - the first BSE/NSE Listed ad agency

Pressman Advertising Ltd. (PAL) is now listed on the National Stock Exchange and Bombay Stock Exchange (NSE: PRESSMN, BSE: 509077) and has thus claimed the distinction of being India's first and only listed advertising agency. PAL was founded by late H.C. Suchanti and is best known in the industry for its pioneering role in corporate and financial communication. It is an ISO 9001:2008 certified agency offering a comprehensive range of services in advertising, public relations, graphic design and digital communications. Headquartered in Kolkata, the company also has office in Mumbai, Delhi, Bangalore, Chennai, Hyderabad, Bhubaneswar, Nagpur, Siliguri, Guwahati and Patna. In addition, the agency has representatives in 25 cities across India. Pressman Advertising is part of ECCO International Communications Network, one of the world's leading independent PR networks with a presence in about 50 countries in North America, Europe and Asia.

The listing that happened post reverse merger with Nucent Estates Ltd. will give the agency a stronger brand equity and corporate houses, banks and mutual funds as well as public sector and government companies that form the nucleus of Pressman's client base will have a greater sense of confidence in the agency. It will give Pressman an entirely new identity as the only listed advertising agency in the country. It will also open up new opportunities for strategic alliances as well as acquisitions, as Pressman gears up to enter the next level of growth. Pressman Advertising is a debt-free agency with strong fundamentals. As on 31st March, 2013, its Reserves and Surplus stood at Rs.13.47 million on an Equity Share Capital of Rs.4.70 crore. For the year ended 31st March 2013, Pressman posted a Net Profit of Rs.6.29 crore and paid a dividend of 40%. In the first quarter ended 30th June 2013, the Company reported a Net Profit of Rs.2.02 crore. The promoter HOLDING OF nearly 56% equity in the merged entity at the time of listing now stands at 74.94%.

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About Author

DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published here. Any reader taking decisions based on any information published here does so entirely at own risk. Investors should bear in mind that any investment in stock markets are subject to unpredictable market related risks. Above information is based on RHP and other documents available as of date coupled with market perception. Author has no plans to invest in this offer.

(SEBI registered Research Analyst-Mumbai).


About Dilip Davda

Dilip Davda, a freelance journalist

Dilip Davda is veteran journalist associated with stock market since 1978. He is contributing to print and electronic media on stock markets/insurance/finance since 1985.

Dilip Davda is a leading reviewer of public issues and NCDs in the primary stock market in India. The knowledge he gained over 3 decades while working in the stock market and a strong relationship with popular lead managers makes his reviews unique. His detail fundamental and financial analysis of companies coming up with IPO helps investors in the primary stock market. Dilip Davda has a special interest in analyzing the SME companies and writing reviews about their public issues. His reviews are regularly published online and in news papers.

Email: dilip_davda@rediffmail.com


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