Inhouse Productions appears to be in the business of producing films/television (tv) programs and providing outsourcing services for the medical industry. The company reported declining and marginal operating profits on declining revenues in the last five years – reporting 27lacs of operating profits on revenues of about 8cr. Its debt load appears to be effectively backed by its net current assets. Although healthcare revenues and profits are substantially higher than the tv segment, curiously enough, management have devoted all their attention to discussing the tv segment and have scarcely mentioned healthcare. Even more intriguingly, management have not mentioned the name of a single film or tv program in their lengthy discussion of the business and its prospects, casting severe doubt on the legitimacy of the whole operation. Scanning through the balance sheet, the company has 2cr of investments in miscellaneous unquoted companies in leasing/finance, websites, and
An Individual Investor's Perspectives On The Indian Financial Markets