Teledata Informatics

- The company has an NCA of 30.43 and is available for 22 rupees. Would you go for it?

- The company is virtually debt free. Would you go for it?

- It has an additional investment of 14.05 rupees per share. Would you now go for it?

- The company has 19.80 rupees per share in cash. How about now?

- Profits are 20.70 rupees per share. Now?

- It's at it's 52 week low of 22 rupees. The 52 week high was 62 rupees.

Would I buy? I wouldn't. Being "suspicious", I found out that the promoter stake is only 7% in the company. Secondly, the company has been pointed out by it's auditors on more than one occassion on the irregularities in accounting (irregularities is my euphymism for misleading practices). Thirdly, look at the tax charge. It's 0.04% of the PAT. I compared it with Infosys which pays 14.5% tax charge. A zero tax charge is impossible.

I would put the management of the company under the highly questionable banner and wouldn't recommend a buy or hold.