Centenial Surgical Suture Ltd:Buy/sell/growth prospects and recommendation,news and results,target and analysis,view and outlook,multibagger

Scripscan:Centenial Surgical Suture Ltd
cmp:18
Code:531380

Story:Centenial Surgical Suture is in the business of producing all types of surgical sutures used as medical devices in hospitals – it holds body tissues together after an injury or surgery. It is based out of Thane, Maharashtra.Centenial Surgical Suture net profit declined 29.41% to Rs 0.60 crore in the quarter ended March 2012 as against Rs 0.85 crore during the previous quarter ended March 2011. Sales rose 6.28% to Rs 13.87 crore in the quarter ended March 2012 as against Rs 13.05 crore during the previous quarter ended March 2011.For the Unaudited full year,net profit declined 25.48% to Rs 1.55 crore in the year ended March 2012 as against Rs 2.08 crore during the previous year ended March 2011. Sales rose 4.90% to Rs 52.71 crore in the year ended March 2012 as against Rs 50.25 crore during the previous year ended March 2011. It maintains a debt/equity ratio of just under .86, which appears conservative for this type of essential business.This business is subject to risks of lack of funding (probably due to small size), unrestricted imports, increased competition, changes in the regulatory framework (incl Food & Drug Administration rules) etc.There's potential too,if it could capitalize,can touch huge levels.
Source:Aneesh Itty and myself