Stocks To Watach – Jupiter Bioscience

Jupiter Bioscience (Rs. 87.00) (Code : 524826) :-

Co. raised Rs 100 cr via GDR route and accordingly allotted 11,30,000 GDR’s to be converted into 1.13 cr equity shares at the rate of around Rs 86 per share. It is further contemplating to make preferential allotment of convertible warrants to promoters and associates. Company’s product portfolio further includes specialty and fine chemicals, drug intermediates, bulk drugs and nutraceuticals. With expertise on multiple technology platforms and processes based on advanced organic chemistry, chiral chemistry, peptide chemistry and biotechnology the company is geared to provide solutions for the global pharmaceutical and the biotechnology industry. To increase its global presence, company took over a high end GMP approved manufacturing facility of Merck, located in Switzerland during 2008. Moreover since last couple of years company is engaged in setting up a 5500 sq ft cGMP manufacturing facility in Maryland, US to cater the USA, Canada and European markets. For FY10, on a standalone basis it recorded 30% growth in sales to Rs 184 cr but profit after tax remained flat Rs 31 cr posting an EPS of Rs 20.50 on current equity of Rs 16.10 cr. On a consolidated basis its sales as well PAT stood at Rs 232 cr and Rs 40 cr posting an EPS of Rs 25 on current equity. Hold on to your positions.

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