FUNDA CALL - SURYA PHARMACEUTICALS
Surya Pharmaceutical (BSE: 532516 NSE: SURYAPHARM ISIN: INE249G01012)
THE STOCK IS RULING AT 145.50. WE HIGHLY RECOMMEND THE STOCK AT CURRENT LEVEL AND ALSO WITH EVERY DIP. THE TGT LIES BETWEEN 225 - 290 AT THE END OF MARCH 08.
THE GROWTH STORY
The Chandigarh based Surya Pharmaceutical Limited is a government recognized Export-House with a focus on manufacturers and exporters of bulk semi-synthetic penicillin antibiotics. The company carries its manufacturing through four State-of-the-art manufacturing units, Three for Active Pharmaceutical Ingredients and One for Formulations, with a capacity of around 2000 Metric Tonnes of API's, 600 million capsules and 600 million tablets per annum with specialization in betalactums, cephalosporins and non-sedative antihistamines. Surya Pharmaceuticals is one amongst the top 5 producers of India in these segments and one among the top 50 Pharmaceutical companies of India. The customer base of the company is spread out to more than 70 countries around the globe with more than 500 customers contributing to annual business of almost US$ 50 million.With special emphasis of Research & Development activities at a dedicated well equipped R&D centre at Panchkula near Chandigarh, steered by highly qualified scientists from the industry, the company assures the qualities of quick time to market, quality optimization & cost effectiveness in product delevery.In a short span of just 13 years, the company continued to maintain an upward, growing and successful track record and has well positioned in domestic as well as international market.
FINANCIAL STORY
SEP 06 TO SEP 07 - SALES TURNOVER VARIATION IS 80%. SALES INCREASE FROM 123.85 TO 221.70. OPERATING PROFIT JUMP FROM 24.72 TO 39.34..NET PROFIT STANDS AT 21.98 AGAINST THE 11.66. EPS ALMOST DOUBLE JUMP FROM 8.06 TO 15.19. CURRENT P/E IS 5. WHICH IS VERY LOW......
WE EXPECT 25 EPS AT THE END OF MARCH 08. AT THE CURRENT P/E IT SHOULD QUOTE AT 225 MINIMUM AT MARCH 08. ON THE UPPER SIDE IT SHOULD REACH AS HIGH AS 290. IN MARCH 08
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