The 5-year analysis of Gayatri Bio Organics Ltd's performance infers:
We analysed the performance of Gayatri Bio Organics Ltd share prices over the last 10 years. Here is what we found out:
Gayatri BioOrganics, previously known as Gayatri Starchkem, was established in 1993. It is one of the largest manufacturing units of starch, liquid glucose, sorbitol and allied products in south India with a wide distribution network across the country.
The company is located at Nandi kandi village in Medak District of Andhra Pradesh, 65 km from Read More
The company is located at Nandi kandi village in Medak District of Andhra Pradesh, 65 km from Hyderabad. The plant's current capacity is 8,550 mtpa. In 1998, Gayatri BioOrganics chose to integrate backwards and started 150 mtpd of maize crushing plant.
Gayatri BioOrganics expanded its capacities of sorbitol from 8,550 tpa to 17,000 tpa and maize crushing from 54,000 mtpa to 1,80,000 mtpa. The company is planning to set up a co-gen power plant having a capacity of 6MW for inhouse use.
It came out with a public issue in April 1994 to part-finance the project to manufacture 8,550 tpa of sorbitol.
The company formed a new alliance with Fursa Alternative Strategies, which had acquired 42.63% equity in Gayatri Bio-organics for Rs 18.5 crore.
In 1998-99, Gayatri BioOrganics was awarded the ISO 9002 Certificate for Sorbitol division. The company is also in process of implementing ISO 9002 standards for its starch division.
Additional Rs 35 crore will be invested in Gayatri BioOrganics for the expansion and modernization of the existing production facilities and to add new product lines.