Astec Lifescience’s (Rs.66.00) (Code : 533138) :- Co. core business is to manufacture wide range of active ingredients, intermediates and formulations which are sold to crop protection formulators. Besides it also produces intermediates for pharmaceutical industry. Apart from catering to Indian market company derives almost 35% of its total revenue from exports to Europe, South East Asia, USA & Middle East countries. It boasts of having almost 46 product registration in over 20 countries. Presently, company is in the process of enhancing the production capacity from 2800 MTPA to 3950 MTPA by setting up a new 100% EOU unit at Mahad, Maharashtra. The plant is estimated to begin operation by Dec’10. To maintain its growth momentum company is focusing on exports and CRAMS business. Meanwhile, along with a team of European scientists it has even floated a company called ‘Astec Europe’ in Belgium with an objective to participate in the European generics market. For FY10 its sales as well as PAT grew by healthy 30% to Rs 113 cr and Rs 14 cr respectively thereby posting an EPS of Rs 8 on equity of Rs. 16.90 cr. At current market cap of Rs 100 cr company is trading reasonably cheap and can be accumulated at declines for long term
gains.

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