Monday, November 29, 2010

Caplin Point Laboratories Ltd

Bse Code: 524742, CMP 19.5 rs, Book Value-15rs approx,

Target --30-35 rs in 1 year. ......IPO came in 1994 at 50 rs per share.

Dividend: 1 rs per share (record date 22nd December)

Website: http://caplinpoint.net/

Company Background---Caplin Point Laboratories Ltd is a public listed company. The genesis of Caplin Point took place in the year 1990 as a Private Limited company mainly to manufacture a wide range of Ointments, Creams and other External application preparations in addition to the regular segments of pharmaceutical formulations.

In 1994, Caplin Point got converted to a Limited Company and approached the public. It will not be out of place to mention here that the public issue was successfully over subscribed 117 times which is a record in the pharmaceutical industry as of date. The entire proceeds of the public issue were deployed in the manufacturing facility and got translated into a beautiful state-of-the-art factory.

May (India) Laboratories Pvt. Ltd., Chennai, has merged with Caplin Point Laboratories Limited during the year 2006 after the completion of all the necessary statutory requirements. (taken from website)

Promoter Holding--Promoter holding is 63.66% in the company and promoter have increased 10% stake in last 6-8 months. Which shows promoter confidence in the company. Hence investor with long term view can surely buy this.

Results--Company has posted very stunning results for Sep'10, as profit increase 1000% over last qtr. Also company declared 10% dividend on face value of 10 rs i.e 1 rs dividend per share, meaning 5% dividend field if one buy on price of 20rs. Dividend date is 22nd December.

Technical View/Charts---The main point to note here is this is a low volume counter and hence usually move in upper or lower circuits. As mentioned above demat shares are also very less, as compared to total shares hence short term investors/traders should not enter into the counter.

If any more details needed, please mail us at multibaggerpicks.info@gmail.com

Sanket Mehta
multibaggerpicks.info@gmail.com
www.multibaggerpicks.info
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Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that I consider reliable. I,however,do not vouch for the accuracy or the completeness thereof.This material is for personal information and am not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.The stock price projections shown are not necessarily indicative of future price performance.The information herein, together with all estimates and forecasts, can change without notice.