Through its another subsidiary Elysian Life Sciences (Mauritius) Limited,company started the cultivation of Artemisinin plant in Africa.Leaf of Artemisinin is the key raw material for one of its best selling anti-malerial human API’s ‘ Artemether’ . ‘Artemether’ is contributing almost 35 % of company’s revenue .Till now Artemisinin leaf is imported from China and Vietnam. So this backward integration will surely improve its margins going forward. These are some of the exciting facts about the company which will bring benefit in next few years .
Disc : I have vested interest in this stock ,hence my views may be biased