Spice Communications (Delisted) share price
BSE: 532863
Spice Communications Limited · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Jul 2007
Last traded ₹56.75 on 10 Mar 2010
Delisted on 21 May 2010.
Last announcements
The company's own last announcements before its shares stopped trading, routine notices left out.
Mar 2010
3 Mar · Suspension of trading in equity shares
Members of the Exchange are hereby informed that the trading in equity shares of Spice Communications Limited shall be suspended w.e.f. March 11, 2010 (i.e. closing hours of trading on March 10, 2010) on account of Scheme of Amalgamation with Idea Cellular Limited.3 Mar · Corporate action
In connection with the Scheme of Amalgamation ('the Scheme') of Spice Communications Limited (hereinafter referred to as Spice) with Idea Cellular Limited (hereinafter referred to as Idea), sanctioned by the Hon'ble High Court of Delhi at New Delhi and the Hon'ble High Court of Gujarat at Ahmedabad, the Board of Directors of Idea have fixed March 12, 2010 as the 'Record Date' for the purpose of drawing up the list of shareholders of Spice to whom Equity Shares in Idea are to be issued and allotted pursuant to the said Scheme. The Court Orders have been filed in the respective offices of the Registrar of Companies and the Scheme became effective on March 01, 2010. Further, in accordance with the Scheme, the Equity Shareholders of Spice (Transferor Company) as on the Record Date would be issued and allotted Equity Shares in the ratio of 49 (Forty Nine) Equity Shares of Rs.10/- each fully paid-up of Idea (Transferee Company) for every 100 (One Hundred) Equity Shares of Rs.10/- each held in Spice. Further, Idea Cellular Limited has submitted to the Exchange note on the said Scheme of Amalgamation. The copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Feb 2010
10 Feb · Business
The Hon'ble High Court of Delhi at New Delhi and Hon'ble High Court of Gujarat at Ahmedabad have sanctioned the Scheme of Amalgamation of Spice Communications Limited with Idea Cellular Limited u/s 391 to 394 of the Companies Act, 195610 Feb · Business
Hon'ble High Court of Delhi at New Delhi and Hon'ble High Court of Gujarat at Ahmedabad have sanctioned the Scheme of Amalgamation of ....3 Feb · Spice Communications - Limited Review for the quarter ended Dec 31, 2009
Results for the quarter to Dec 2009
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
- RevenueRevenue from operations. Money earned from selling the company's goods and services in the period. Revenue from operations in the glossary
- ₹363 Cr+10.1% on a year ago · +6.4% on the quarter beforeChange on a year ago and on the quarter before. The change against the same quarter a year before: (this quarter's figure less that quarter's) divided by that quarter's, times 100. The change on the quarter before is the same sum against the quarter just before, taken as this quarter's results restate it where the company restated it: this quarter's year to date less this quarter. Left out where either figure is a loss, where the restatement covers two or more earlier quarters without saying which, or across a change of basis named under the table, on the lines it affects.
- Net profitNet profit. What is left of revenue and other income after every cost, interest and tax. Net profit in the glossary
- −₹67 Cr
- Earnings per shareEarnings per share. Profit belonging to shareholders divided by the number of shares, restated for later splits and bonuses so they do not break the line. Earnings per share in the glossary
- −₹0.98
- Net margin
- −18.5%
From revenue to net profit, ₹ crore
- Revenue363
- Finance costs−41
- Profit before tax−67
- Net profit−67
Spice Communications results by quarter
Standalone: the listed company alone, without its subsidiaries. Latest quarter to Dec 2009. Results for the quarter to Mar 2010 were due by 15 May 2010, 45 days after it ends. Every company's dates are on the results calendar.
Revenue and net profit by quarter, ₹ crore
- Revenue
- Net profit
- Loss
Peak revenue ₹363 Cr, quarter to Dec 2009; lowest ₹252 Cr, quarter to Sep 2007A loss in 9 of the 10 quarters shown
Operating and net margin by quarter, per cent
- Operating margin
- Net margin
| ₹ crore | Sep 2007 | Dec 2007 | Mar 2008 | Jun 2008 | Sep 2008 | Dec 2008 | Mar 2009 | Jun 2009 | Sep 2009 | Dec 2009 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 252 | 256 | 300 | 319 | 308 | 329 | 324 | 330 | 341 | 363 |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. Operating expenses in the glossary | – | – | – | – | – | – | – | – | – | – |
| Materials and goods boughtCost of materials and goods. Raw materials used and goods bought for resale in the period, adjusted for the change in stock held. Cost of materials and goods in the glossary | – | 1 | 1 | 1 | 2 | 2 | 2 | – | – | – |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. Other income in the glossary | 13 | 470 | 10 | 6 | 8 | 10 | 6 | 0 | 0 | – |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. Finance costs in the glossary | 31 | 58 | 55 | 64 | 57 | 89 | 72 | 43 | 43 | 41 |
| Profit before one-off items and taxProfit before one-off items and tax. Profit before tax as it would be without the one-off items below it, as the company states it. Profit before one-off items and tax in the glossary | – | – | – | – | – | −220 | −21 | −35 | −62 | −67 |
| One-off itemsExceptional items. Gains or losses the company reports separately because they are not expected to recur, such as selling a business or writing down an asset. Exceptional items in the glossary | −9 | – | – | −43 | 0 | −521 | 0 | – | – | – |
| Profit before tax | −5 | 407 | −36 | −136 | −87 | −740 | −20 | −35 | −62 | −67 |
| Tax | 0 | 7 | 0 | 0 | −6 | 0 | 0 | – | – | – |
| Tax rateEffective tax rate. Tax charged as a percentage of profit before tax. Effective tax rate in the glossary | – | 1.8% | – | – | – | – | – | – | – | – |
| Net profit | −6 | 400 | −37 | −136 | −81 | −741 | −21 | −35 | −62 | −67 |
| Net margin | −2.2% | 156.5% | −12.2% | −42.8% | −26.3% | −224.8% | −6.4% | −10.6% | −18.3% | −18.5% |
| Earnings per share | −₹0.09 | ₹6.49 | −₹0.53 | −₹1.98 | −₹1.17 | −₹10.73 | −₹0.30 | −₹0.51 | −₹0.91 | −₹0.98 |
Earnings per share in rupees, restated for later splits and bonuses.
1 year at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to December.
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
Operating and net margin, per cent
- Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. Operating margin in the glossary
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
Results for the year to Dec 2007
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue958
- Other income+516
- Finance costs−166
- Profit before tax388
- Tax−8.2
- Net profit380
Profit and loss
Standalone, ₹ crore, years to December. The last column is the twelve months to Dec 2009, the latest four quarters added.
| ₹ crore | Dec 2007 | Dec 2009Twelve months |
|---|---|---|
| Revenue from operations | 958 | 1,358 |
| – | – | |
| Materials and goods bought | 11 | – |
| Other income | 516 | – |
| Finance costs | 166 | 198 |
| Profit before one-off items and tax | – | −185 |
| Profit before tax | 388 | −185 |
| Tax | 8 | – |
| Net profit | 380 | −185 |
| Net margin | 39.7% | −13.6% |
Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the year to Dec 2007: the statement does not state its depreciation, which operating profit is worked out from, so operating profit is not given.
Accounting checks
Standalone, years to December. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Dec 2007 |
|---|---|
| Effective tax ratePublished threshold 17.16 per cent | 2.12 |
A threshold marked as ours has no published figure; it is the line we read the check against.
Recent sessions
The 10 trading days to 10 Mar 2010, as traded on BSE.
| Date | Open | High | Low | Close | Average price | Volume |
|---|---|---|---|---|---|---|
| 10 Mar 2010 | 57.10 | 58.10 | 56.15 | 56.75 | 57.14 | 88,191 |
| 9 Mar 2010 | 59.10 | 59.10 | 57.00 | 57.60 | 57.66 | 95,351 |
| 8 Mar 2010 | 60.00 | 60.95 | 58.05 | 58.55 | 59.16 | 1,18,391 |
| 5 Mar 2010 | 59.85 | 62.40 | 59.00 | 59.45 | 61.18 | 2,41,355 |
| 4 Mar 2010 | 59.00 | 60.45 | 58.00 | 59.25 | 59.46 | 1,06,158 |
| 3 Mar 2010 | 58.60 | 60.30 | 58.55 | 59.40 | 59.31 | 1,47,332 |
| 2 Mar 2010 | 58.10 | 59.95 | 58.00 | 58.30 | 58.75 | 64,960 |
| 26 Feb 2010 | 56.20 | 58.90 | 56.20 | 57.30 | 57.69 | 81,534 |
| 25 Feb 2010 | 56.95 | 57.30 | 55.50 | 56.65 | 56.39 | 42,459 |
| 24 Feb 2010 | 56.50 | 57.00 | 55.50 | 56.45 | 56.52 | 32,644 |
Prices in ₹ per share as traded, not adjusted.
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 9 Sep 2009 | Price move | – | Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for. |
| 26 May 2009 | Price move | – | Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for. |
| 12 Feb 2009 | Price move | – | Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for. |
| 2 Feb 2009 | Price move | – | Between two trading sessions the price moved by a fifth or more. The company made an announcement in time for trading that day or the trading day before. Not adjusted for. |
| 30 Jan 2009 | Price move | – | Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for. |
| 6 Oct 2008 | Price move | – | Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for. |
| 26 Jun 2008 | Price move | – | Between two trading sessions the price moved by a fifth or more. The company made an announcement in time for trading that day or the trading day before. Not adjusted for. |
Each event is noted and not adjusted for.
Company details
- BSE code
- 532863
- ISIN
- INE684H01018
- Website
- www.spiceindia.com
- Registered office
- 10th Floor, 1005-1006 Kailash Building, 26 Kasturba Ganndhi Marg, New Delhi 110001, Delhi
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments