Macmillan India Ltd. is now solely into publishing services, which is a 100% export oriented activity. The company demerged its domestic publishing division last year w.e.f. 16 October 2008.
The company has successfully established itself as a reliable and efficient service provider for a broad range of publishing activities. As such, it stands to gain from the current economic downturn in its two key markets, the USA and Europe, as existing and new clients look for a trusted offshore partner to help them outsource and thereby economise. In addition, development of new services, notably e-learning, and high end design and new markets the non-publishing sector gives it a balanced spread of business activities to weather any adverse effect that the worldwide recession may bring.
A Time Communications Publication 12
It is a zero debt company and is expected to do well over the long run.
The book value of the share is Rs.61.5 and the stock is trading around the same level.
Investors with a long-term view can add this stock as the downside is limited. A closing above Rs.74 can give a good upmove.

I have been holding this share from 2003 with huge losses. It never participated in the great Indian Bull rally and to top it all the company demerged a company by dubious means. Is this company really interested in shareholder value. I doubt it.

I also held this share because Ramesh Damani was very bullish on this. From 450 in 2002 it is now 70 something.I agree with you company treats shareholders like dirt. Surely they treated their big client like dirt also. They lost one big order 2 years back which effected their bottom line. The only silver lining to this share is that Ramesh Damani still holds it and now has a sizeable share in it.