
9th June 2010, 07:19 PM
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Sachin Asher
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Join Date: Sep 2006
Location: Vadodara
Posts: 8,621
Rep Power: 383
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Edelweiss' book value figure is higher because it is the consolidated book value.
One needs the balance sheet to calculate the book value.
Are balance sheet details available on the NSE?
I downloaded the annual report for S. Kumars Nationwide.
As per the annual report, networth of the company at the end of FY 2009 was 912.6095 crore.
Number of equity shares outstanding at the end of the year = 22,33,91,438 (NSE figure).
That is 22.34 crore shares.
Dividing the networth by number of shares outstanding gives a figure of nearly 41.
However, S Kumars has a complex equity structure.
It has outstanding warrants, preference shares and stock options.
I will have to look at the details before I can tell how ICICI and Moneycontrol have arrived at the book value figure of 36.50.
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