Ahlcon Parenterals (India) Ltd is a New Delhi
based manufacturer of Pharmaceutical Intravenous
Fluids and Opthalmics Eye/Ear Drops. Company has
an installed capacity of 32 million bottles per
annum for LVP (Large Volume Parenterals), 144 million
units for SVP and 60 million vials of Eye drops
and Injections. Company is in the process of adding
more capacity for both of these products.
Various government initiatives and increasing awareness
of general public assures sustained growth in Health
care sector.Last year company performed exceedingly
well and management is expressing confidence about
the days ahead..Company is also planning to diversify
into CRAM (Contract Research and manufacturing )segment.
Another company from the same group is Ahluwalia Contracts.
For the FY 2010 company posted a turnover around Rs.50 Cr
and a net profit of Rs.7 crore and an EPS of Rs.9/-
Company also declared a dividend of 15 % .
At CMP of Rs 64/- ,one may BUY for decent
appreciation in medium term.