Vivimed Lab
CMP Rs. 167.00
BSE Code : 532660
Co. is a speciality chemical manufacturer catering to segments including oral care, sun care, skin care, hair care, natural extracts, eservatives, anti microbial, anti oxidants, anti-aging molecule etc. Infact it is world’s 2nd largest manufacturer of Triclosan – an antibacterial used for oral care and one of the top three ompaniesfor Avis – a chemical which improves UV absorbing ability of Sunscreen. Lately to increase its global presence, it had decided to acquire Har-met International Inc a small importer of pharmaceutical & cosmetic product, based in USA. Organically as well company has been expanding its capacity and has chalked out Greenfield expansion plan in Uttaranchal and Hyderabad. Presently it boasts of having five manufacturing facilities spread across Karnataka, Andhra Pradesh & Uttaranchal. In Aug 2009, company completed the buy back of US$ 12.50 million FCCB and issued 5.6 lac equity shares for the balance US$ 2.50 million FCCB @ Rs 185 per share leading to equity dilution to Rs 10 cr. For FY10 on a consolidated basis it may report a topline of Rs 350 cr and bottomline of Rs 30 cr i.e. EPS of Rs 30 on current equity of Rs 10 cr. Scrip may shoot up to Rs 200 in short term.
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