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Gujarat Themis Biosyn Ltd.

BSE: 506879 Sector: Health care
NSE: GUJTHEMIS ISIN Code: INE942C01029
BSE LIVE 14:04 | 18 Oct 44.00 1.90
(4.51%)
OPEN

40.50

HIGH

45.10

LOW

40.50

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 40.50
PREVIOUS CLOSE 42.10
VOLUME 4051
52-Week high 64.50
52-Week low 40.00
P/E 15.83
Mkt Cap.(Rs cr) 64
Buy Price 43.40
Buy Qty 1.00
Sell Price 44.00
Sell Qty 603.00
OPEN 40.50
CLOSE 42.10
VOLUME 4051
52-Week high 64.50
52-Week low 40.00
P/E 15.83
Mkt Cap.(Rs cr) 64
Buy Price 43.40
Buy Qty 1.00
Sell Price 44.00
Sell Qty 603.00

Gujarat Themis Biosyn Ltd. (GUJTHEMIS) - Company History

Promoted by Kantilal Shah and the Gujarat Industrial Investment Corporation, Gujarat Themis Biosyn (GTBL) was incorporated in Dec.'81 as a public limited company. Initially manufacturing the antibiotic, erythromycin, GTBL obtained licences to manufacture bulk drugs like rifampicin, cephalexin, griseofulvin and their formulations in 1990. However, problems relating to purity levels, yield and imports put the company in the red and it became a BIFR case in 1990. Subsequently, it was taken over by a group consisting of Lyka Labs, Themis Chemicals, Kopran and Cadila. Also, Yuhan Corporation, South Korea, brought in technology and finance for running GTBL. During 1995-96 the paid-up share capital increased from Rs 11.25 crores to Rs 11.60 crores after allotment of 350,000 Equity shares of Rs 10 each at a premium of Rs 20 per share to the financial institutions by way of conversion of fund interst term loan. During the year installed capacity of rifamysin-S was increased to 90 mtpa and expansion of rifampicin was achieved to the maximum capacity of 120 mtpa. It also commenced operations of its new pharmaceutical division and launched a wide range of anti-tuberculosis products and other antibiotics. The company is constantly identifying new areas for diversification and also capacity expansion of exisiting product in order to further reduction in cost of production and increase in turnover.