Quadrant Televentures Limited is a part of the HFCL Group and is engaged in the manufacturing of telecom equipment. The company was established in 1987 and has a diverse customer base, including state-owned telecom companies, private operators, and government departments.
Importance of Share Price Monitoring
Carefully tracking and analyzing Quadrant Televentures’ share price trends provides crucial insights into the company’s financial health, growth strategies, competitive positioning, and overall market sentiment. This enables investors to make informed decisions regarding buying, selling or holding the stock. Continuous monitoring also helps stakeholders gauge the impact of strategic initiatives and industry developments on the company’s valuation.
Table of Contents
Quadrant Televentures Company Overview
Historical Evolution
Quadrant Televenture Limited is an Indian company part of the HFCL Group. It was established in 1987, and manufactures indigenous telecom equipment. The company’s product portfolio includes access equipment, optical fiber cable, accessories, and terminal equipment. It also provides turnkey solutions for setting up various types of telecom networks.
Milestones of the company:
- October 2000: Launch of Telecom services in Punjab
- January 2001: Launch of Internet services
- February 2001: Launch of Limited mobility CDMA services
- July 2004: Launch of Broadband data services
- October 2005: Test Launch of Triple play services
- September 2007 Launch of mobility service X
Current Status:
As of today, February 13 2024, the share price of Quadrant Televenture is ₹2.14. The company has a PE ratio of -1.18, a ROA of -61.70%, and a current ratio of 0.06. The company’s debt to equity ratio is -0.70, and its inventory turnover ratio is 34.69. The company has reported revenue growth of -9.51% and an operating margin of 7.98%. The company has not paid any dividends in recent years.
Financial Indicators
| Metric | Value |
|---|---|
| Market Cap | ₹ 131.02 Cr |
| Enterprise Value | ₹ 1,808.28 Cr |
| No. of Shares | 61.23 Cr |
| Face Value | ₹ 1 |
| Cash | ₹ 1.86 Cr |
| Debt | ₹ 1,679.12 Cr |
| Promoter Holding | 51.32 % |
| EPS (TTM) | ₹ -0.45 |
| Sales Growth | -9.51 % |
| Profit Growth | 10.43 % |
| Revenue (TTM) | ₹ 396.25 Cr |
| Profit (TTM) | ₹ -27.64 Cr |
| Sales (Dec 2023) | ₹ 64.94 Cr |
| Profit (Dec 2023) | ₹ -27.64 Cr |
Quadrant Televentures Ltd Share price Historical movement
Recent Developments
- Financial Performance: Quadrant Televentures reported a profit at the EBIDTA level for the quarter ending March 2023, but depreciation and amortization expenses led to a pre-tax loss. The company’s total FTTH subscriber base increased from 1.74 lakhs in March 2022 to 2.03 lakhs in March 2023.
- Network Expansion: The company has been expanding its fiber-to-the-home (FTTH) network, with 0.8 lakh new FTTH home passes/ports rolled out in the last year, bringing the total FTTH capacit.
others telecoms sector – TTML Share Price Target
Role in the Telecommunications Sector
Quadrant Televentures Ltd (QTL) plays a vital role in the Indian telecommunications sector, with a strong presence in the state of Punjab. Here’s a breakdown of their key contributions:
Diverse Services: QTL goes beyond simply being a fixed line provider. They offer a comprehensive suite of services, including:
- Fixed line and mobile telephony: Connecting individuals and businesses with reliable voice communication.
- Broadband services: Enabling high-speed internet access for homes and enterprises, crucial for the digital age.
- Data services: Providing tailor-made data solutions for diverse needs, supporting digital transformation.
- Value-added services: Offering features like Centrex, leased lines, VPNs, and voicemail, adding convenience and functionality.
Market Presence: While their national share is over 1%, their focus on Punjab shines. With over 300,000 subscribers as of 2022, they represent a significant voice in the state’s telecom landscape.
Extensive Reach: QTL holds a UASL license, empowering them to deliver a variety of services across Punjab. This license expands their offerings and strengthens their position in the market.
Infrastructure Backbone: QTL actively contributes to Punjab’s telecom infrastructure development. Their efforts in deploying optical fiber networks and installing mobile towers enhance connectivity and pave the way for future advancements.
- Primarily operates in Punjab, with a limited subscriber base of over 0.3 million wireline subscribers (as of September 2022).expand_more
- Holds a market share of just over 1% in the Indian wireline subscriber base.
Quadrant Televentures Ltd Share Price Analysis
Current Share Price Dynamics
Quadrant Televentures Ltd. (QUADRANT) share price is experiencing strong momentum, with a 4.90% increase today and reaching a new 52-week high of ₹2.14. However, several technical indicators suggest the stock might be overbought in the short term.
- New 52-week high: The share price reached ₹2.14 today, its highest point in the past year.
- Significant Gains: It has gained 185.33% from its 52-week low of ₹0.8 in July 2023.
- Technical Analysis: Most technical indicators suggest a strong uptrend, with the price above key moving averages and oscillators in bullish territory.
Technical Analysis
Overall:
- Strong Momentum: The stock is currently experiencing strong momentum, having reached a new 52-week high today and gaining over 185% from its 52-week low.
- Overbought: However, several technical indicators suggest the stock may be overbought, including RSI, MFI, and Stochastic Oscillator readings above 80. This could indicate a potential pullback in the near future.
- Technically Strong: Despite the overbought indicators, the overall technical analysis score from Trendlyne is 77.17, indicating the stock is technically strong.
Key Indicators:
- Day Trendlyne Momentum Score: 77.2 (Strong)
- RSI (14): 87.7 (Strongly Overbought)
- MFI: 90.0 (Strongly Overbought)
- MACD: Bullish
- ADX: 43.3 (Neutral)
- ROC (21, 125): Positive and strong readings
- Delivery Volume: 84.83% (High)
- Moving Averages: Trading above all SMAs and EMAs
- Oscillators: Trading above 5 out of 9 in bullish zone
- Beta: 0.48 (1 Year), low volatility
Possible Scenarios:
- Correction: Due to the overbought indicators, a pullback or correction in the near future is possible.
- Continued Uptrend: If the strong momentum continues and the stock breaks above key resistance levels, the uptrend could continue.
Support and Resistance:
- Current price: ₹2.14
- Pivot point: ₹2.14
- Resistance levels: R1, R2, R3 (all at ₹2.14)
- Support levels: S1, S2, S3 (all at ₹2.14)
Shareholding Structure of Quadrant Televentures
| Shareholder Type | Percentage |
|---|---|
| Promoters | 51.32 |
| Domestic institutional investors | 4.23 |
| Foreign Institutional Investors | 0.44 |
| Public & Other | 31.85 |
| Corporate Holding | 12.16 |
Annual Results and Financial Performance
In-Depth Analysis of Recent Annual Results
| Metric | 2022 | 2023 | Change (%) |
|---|---|---|---|
| Share Price (₹) | 2.04 | 2.14 | 4.90% |
| Sales (Cr.) | 97.67 | 96.64 | -1.05% |
| Profit After Tax (Cr.) | -29.52 | -27.64 | 6.40% |
| EPS (₹) | -0.48 | -0.45 | 6.25% |
| Debt/Equity Ratio | -0.56 | -0.70 | 25.00% |
| Return on Equity (ROE) | 0% | 0% | 0.00% |
| Return on Assets (ROA) | -30.30% | -61.70% | 103.63% |
Key Strengths:
- Revenue: Quadrant Televentures’ revenue has declined by 9.51% in the past year. This is a poor performance compared to the industry average.
- Profit: The company has reported a profit of Rs -27.64 crore in the last financial year. This is a decrease from the previous year’s profit of Rs -26.85 crore.
- Margins: The company’s operating margin is 7.98%, which is low compared to the industry average.
- Debt: Quadrant Televentures has a debt-to-equity ratio of -0.70, indicating that the company has a low proportion of debt in its capital structure.
Ratios
- P/E Ratio: The company’s P/E ratio is -1.18, which is negative and indicates that the company is not profitable.
- ROE: The company’s ROE is 0%, which is poor.
- ROA: The company’s ROA is -61.70%, which is very bad.
- Current Ratio: The company’s current ratio is 0.06, which is very low and indicates that the company may have difficulty meeting its short-term obligations.
Evaluation of Financial Health and Stability
Strengths:
- Efficient Cash Conversion Cycle: 33.78 days, indicating good inventory and working capital management.
- Low Debt-to-Equity Ratio: 0.70, meaning the company relies less on debt financing, which can be risky.
Weaknesses:
- Poor Profit and Revenue Growth: Negative growth in both profits and revenue over the past 3 and 5 years, respectively.
- Negative ROE and ROCE: 0% for both, indicating the company is not generating returns on its shareholders’ equity or invested capital.
- High Promoter Pledging: 96.40% of promoter shares are pledged, which could raise concerns about their commitment to the company.
- Low EBITDA Margin: 3.55% over the past 5 years, indicating inefficiency in converting revenue to operating profits.
- Negative Book Value: Suggests the company’s liabilities exceed its assets.
- High Valuation Ratios: P/E ratio of -1.18 and EV/EBITDA of 48.31, which could indicate overvaluation.
Quadrant Televentures’ financial health is weak. While the company has some positive aspects like efficient cash conversion and low debt, its negative profitability, poor revenue growth, and high promoter pledging are significant concerns. Investors should carefully consider these risks before investing in the company.
Quadrant Televentures Ltd Share price target 2024-2030
| Year | Target Price (Rs.) |
|---|---|
| 2024 | 2.50 – 3.00 |
| 2025 | 2.00 – 3.50 |
| 2026 | 2.50 – 4.00 |
| 2027 | 3.00 – 5.00 |
| 2028 | 3.50 – 6.00 |
| 2029 | 4.25 – 6.75 |
| 2030 | 4.75 – 8.00 |
Important Disclaimers:
- These are just possible scenarios based on available data and should not be considered financial advice.
- The actual share price could be significantly higher or lower than these estimates.
- Many factors can influence the share price, including unforeseen events and market sentiment.
Quadrant Televentures Share Price Target 2024
Quadrant Televentures’ share price is expected to be in the range of Rs 2.50 – Rs 3.00 in 2024. The company’s revenues are likely to improve as it expands its network reach and benefits from recent acquisitions. However, profitability will remain under pressure due to the high interest costs related to its debt of Rs 1,679 crores. The high promoter pledge of 96.4% also remains a concern. Overall, the share price will depend on how well Quadrant manages its debt obligations and improves operational efficiency.
Quadrant Televentures Share Price Target 2025
A share price target of Rs 2.00 – Rs 3.50 is projected for 2025. Quadrant’s launch of 5G services will open new growth avenues but also involve significant capital expenditure.
Moreover, rising competition in the telecom market can limit its pricing power and subscriber addition capabilities. However, its fiber infrastructure provides a competitive edge over wireless-only players. The company’s profitability and cash flows will be key monitorables.
Quadrant Televentures Share Price Target 2026
In 2026, Quadrant’s share price is estimated to be within Rs 2.50 – Rs 4.00. Increased penetration in tier-2 and tier-3 cities through partnerships and acquisitions will help subscriber growth. Further, the shift from legacy networks to IP and fiber-based networks will likely improve operational efficiency and bring down costs. Overall, the share price will reflect Quadrant’s success in adding higher ARPU fiber broadband subscribers.
Quadrant Televentures Share Price Target 2027
For 2027, the target share price range is Rs 3.00 – Rs 5.00. The company can benefit from rising enterprise services demand and new technologies like Internet of Things (IoT). Achieving breakeven at the operational level will be an important positive trigger that can re-rate the stock. The financial leverage remains a concern, but the fiber infrastructure provides long-term growth potential.
Quadrant Televentures Share Price Target 2028
In 2028, Quadrant’s share price is estimated between Rs 3.50 – Rs 6.00. The surge in mobile data usage will boost fiber broadband demand, aiding Quadrant’s growth. Furthermore, debt reduction efforts and lower interest costs will support profitability. The company’s valuations can expand significantly if the strategic initiatives to turnaround operations succeed.
Quadrant Televentures Share Price Target 2029
For 2029, the target range is Rs 4.25 – Rs 6.75. By combining its fiber infrastructure strengths with wireless partners, Quadrant can potentially increase its market share. Margin expansion is likely from economies of scale and synergy benefits. The stock can get re-rated if there is consistent growth, debt reduction and margin expansion over the next 5 years.
Quadrant Televentures Share Price Target 2030
The share price target for Quadrant Televentures in 2030 is estimated to be in the range of Rs 4.75 – Rs 8.00.
By 2030, the company is expected to have expanded its fiber network across India, capitalizing on the rising demand for high-speed broadband services. Its enterprise business would also grow significantly supported by demand from e-commerce, cloud computing and IoT sectors.
Comparative Analysis with Competitors
| Metric | Quadrant Televenture | HFCL | Avantel | ADC India Communicat | Black Box |
|---|---|---|---|---|---|
| Price (Rs.) | 2.14 | 96.70 | 107.95 | 1,004.30 | 267.20 |
| P/E Ratio | -1.18 | 13.65 | 14.19 | 7.23 | 30.71 |
| ROE (%) | 0 | 40.96 | 30.71 | 16.00 | 12.36 |
| Debt/Equity | -0.70 | 0.33 | 49.64 | 35.78 | 241.95 |
| Sales Growth (1 Yr) | -9.51% | 2.82% | 10.43% | 2.17% | 87.2% |
| Profit Growth (1 Yr) | 10.43% | 23.18% | 6.49% | 6.37% | -21.15% |
SWOT Analysis of Quadrant Televentures
Strengths:
- Efficient Cash Conversion Cycle: The company has an efficient cash conversion cycle of 33.78 days, indicating good liquidity management.
- Low Debt: The company has a debt-to-equity ratio of -0.70, indicating a low proportion of debt in its capital structure.
- High Inventory Turnover: The company has an inventory turnover ratio of 34.69, suggesting efficient management of inventory and working capital.
Weaknesses:
- Poor Profitability: The company has shown poor profit growth of -163.59% over the past 3 years and a negative ROE of 0%.
- Poor Revenue Growth: The company has shown poor revenue growth of -4.66% over the past 3 years.
- High Promoter Pledging: Promoter pledging is high at 96.40%, which could raise concerns about corporate governance.
- Low EBITDA Margin: The company has a low EBITDA margin of 3.55% over the past 5 years, indicating low operational profitability.
- Negative Book Value: The company has negative book value, which is a financial weakness.
- High Valuation: The company is trading at a high EV/EBITDA of 48.31, which could indicate overvaluation.
Opportunities:
- Growth in Telecom Sector: The Indian telecom sector is expected to grow in the coming years, which could benefit the company.
- Focus on Government Projects: The company can focus on government projects to boost its revenue and profitability.
- Expansion into New Markets: The company can expand into new markets to diversify its revenue stream.
- Debt Restructuring: The company can restructure its debt to improve its financial position.
Threats:
- Competition: The telecom sector is highly competitive, and the company faces competition from established players.
- Regulatory Changes: Changes in government regulations could adversely impact the company’s business.
- Economic Slowdown: An economic slowdown could reduce demand for the company’s products and services.
- Technological Changes: Rapid technological changes in the telecom sector could pose challenges for the company.
Future Outlook for Quadrant Televentures Share
The current share price of Quadrant Televenture is ₹ 2.14. The company has a PE ratio of -1.18, which is low and comparatively undervalued. The company has a debt to equity ratio of -0.70, which means that the company has a low proportion of debt in its capital. The company’s inventory turnover ratio is 34.69, which shows that the management is efficient in relation to its inventory and working capital management. However, the company has shown a poor revenue growth of -9.51% and a poor profit growth of -163.59% for the past 3 years. The company also has a poor ROE of 0% and a poor ROCE of 0% over the past 3 years.
Overall, the future outlook for Quadrant Televentures is uncertain. The company has some positive attributes, such as a low PE ratio and a low debt to equity ratio. However, the company also has some negative attributes, such as poor revenue growth, poor profit growth, and poor ROE and ROCE. Investors should carefully consider these factors before investing in Quadrant Televentures.
Risk Assessment of Quadrant Televentures Share
Comprehensive Risk Analysis
- Technology Disruption: Advent of 6G can make fiber infrastructure obsolete
- Debt Obligations: Potential debts related to 5G investments
- Legal & Regulatory: Adverse policy changes regarding license fees, net neutrality etc.
- Market Competition: Aggressive pricing and offers from competitors
Mitigation Strategies
- Ensure regular technology upgrades and innovations
- Maintain conservative debt levels
- Proactively manage regulatory relationships
- Focus on superior customer experience to drive loyalty
Conclusion
Quadrant Televentures has exhibited healthy growth in recent years driven by its expanding network and subscriber additions. Its partnerships, enterprise potential and focus on next-gen technologies make its long-term outlook attractive. While competition and regulations pose risks, diligent financial management and delivering superior services could enable it to maintain leadership.
Ongoing tracking of Quadrant’s technical upgrades, financial metrics, market share shifts and regulatory changes is crucial for investors to timely detect red flags and make informed investment decisions. Continuous share price monitoring also provides invaluable inputs to Quadrant’s own management.
References and Citations
Financial Performance:
- Trendlyne:
- Value Research:
Industry Analysis:
- Telecom Regulatory Authority of India (TRAI): https://www.trai.gov.in/
News Articles:
- Business Standard: https://www.business-standard.com/
- Economic Times:
Disclaimer: This analysis of Sarveshwar Foods share price targets is for informational purposes only, not investment advice. I’m not a SEBI-authorized expert. Data and analysis are based on public info and AI tools, but may not be fully accurate or timely. Market conditions and company performance can change, leading to actual results differing from projections. Always do your own research and consult a qualified financial advisor before making any investment decisions