Ajanta Pharma is a speciality pharmaceutical formulation company having branded generic business in India and emerging markets, generic business in US and institution business in Africa. Company is able to grow from revenue and profit of 75 cr and 2 cr during 2002 to today around 2000 cr and 500 cr respectively. A Cagr growth of around 23% during the last 2 decades. Investment of 1 lakh is already 50 lakh plus during the same time. Since the last 4 years Pharma was not in growth & hence the effect was seen in Ajanta Pharma also. Have always out Performed Indian Pharma Market.
Current Year revenue and Profit has grown by 9% and 29% respectively which were very good. Yes, It’s a Debt free company & enjoying the best margin in Pharma around 19%. Many people from You are holding it since 30 during 2011. New Buying again has been recommended at 810 Last year & the target should be 2050 in this year. Yes and can hold for long term wealth creation. New Buying again can be done during any fall near 1220 (Upgraded from 1050-810) with the same target in short term and on long term can expect a multi year rally. 71% holding is with Promoters which is a strong sign whereas 9% with different Mutual Fund companies and 10% with FPI. Only 7% with Indian retail investors.