Scripscan:Bal Pharma Ltd
cmp:21
Code:524824
Story:Bal Pharma is a leading Indian Pharmaceutical Company specializing in Prescription drugs, Generics, OTC products, Intravenous Infusion and Bulk Actives with almost 19 years of experience behind it.Successful operations in Domestic and various International markets, backed by strengths in Research and strong Infrastructure frame work have accelerated Bal pharma’s growth from oblivience to reach a turnover of USD 25 million today. Buoyed by the past, the group has put in motion a fast track growth target and has set its sight on sales in excess of USD 150million by 2012.Its branded formulations business division is focussing much on marketing Cardiac and Diabetic products by introducing 6 more new products and strengthening the sales manpower by another 25%.The performance of the division is being escalated to further heights by increasing market share in Northern India. The new Formulation Plant with the state of art designed facility for regulated market is complete in the Excise Free Zone of Uttaranchal. The trial runs are going on and commercial production is expected shortly.The company has also acquired 10 acres of land in SEZ Pharma Zone in Hassan, Karnataka to increase its bulk drug manufacturing capacity. The project is expected to complete by the year 2010.All thesedevelopments are expected to catapult the company in the big league.The company has also entered the Japanese market and thats expected to account for about 15 per cent of the company's revenues in the next two years.Bal Pharma forayed into herbal products six years ago and currently has number of products in the segment, with most of the products contract manufactured.The ayurvedic products division too is expected to contribute about Rs 10 crore to company turnover by 2010.The company has been paying dividends for last year with present year been no exception as it rewarded the shareholders with a 7.5%dividend.At 20 odd rs it worthbuying.
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Friday, August 14, 2009
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