Granules India is currently trading at Rs. 114.80, up by 2.55 points or 2.27% from its previous closing of Rs. 112.25 on the BSE.
The scrip opened at Rs. 112.05 and has touched a high and low of Rs. 117.00 and Rs. 111.80 respectively. So far 14,568 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 234.50 on 11-Sep-2012 and a 52 week low of Rs. 85.65 on 15-May-2012.
Last one week high and low of the scrip stood at Rs. 116.00 and Rs. 100.25 respectively. The current market cap of the company is Rs. 231 crore.
The promoters holding in the company stood at 44.44%, while Institutions and Non-Institutions held 1.57% and 53.89% respectively.
Granules India has completed the expansion at its Gagillapur facility in Andhra Pradesh. The company has commenced operations of the new capacity and expects to scale up operations over the next several months. Due to the delay in the scale-up of the new capacity, margins slipped since the company incurred costs to run the new facility without a concurrent increase in production. The company expects margins to increase since production is increasing at the facility.
The company’s consolidated net sales for fiscal year ended March 31, 2013 increased 17% to Rs 764 crore, while consolidated net profit increased 9% to Rs 33 crore.
Granules India is a fast growing pharmaceutical manufacturing company with world class facilities and is committed to manufacturing excellence, quality and customer service. The Company produces Finished Dosages (FDs), Pharmaceutical Formulation Intermediates (PFIs) and Active Pharmaceutical Ingredients (APIs) for quality conscious customers in the regulated and semi-regulated markets.
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