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Surya Pharma.

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NSEBSE

1.250.00 (0.00%)

5th Aug 2014

7.51000.00 (0.00%)

2nd Jul 2007

BSE : 532516

NSE : SURYAPHARM

Sector :

ISIN Code :

  • NSE
  • BSE
  • 1D
  • 5D
  • 1M
  • 6M
  • 1Y
  • 2Y
  • 5Y
  • MAX

Last Updated: Jul 02 2007 | 12:00 AM IST

Market Cap (₹ Cr)

NaN

Turnover (₹ Cr)

NaN

Volume (Shares)

88135

52-WK High

1.25

52-WK High Date

28 Sep 2023

52-WK Low

0.00

52-WK Low Date

28 Sep 2023

All Time High

All Time High Date

28 Sep 2023

All Time Low

All Time Low Date

28 Sep 2023

Surya Pharma.

Surya Pharmaceuticals (Surya) is a Chandigarh-based pharmaceutical company with four manufacturing facilities spread across three states of Himachal Pradesh Haryana and Punjab. The company produces semi synthetic penicillin based products first generation cephalosporins anti histamines drug intermediaries and formulations. Surya can be considered predominantly a bulk drug or Active Pharmaceutical Ingredient (API) manufacturer as formulations constituted less than 4% of revenues in FY 2002-03 while the balance was contributed by API intermediaries and others. Surya Pharmaceuticals is relatively a very small player in the current context. Nevertheless it has found a space in both domestic and overseas market. In the domestic market it has opted to become preferred supplier of APIs to domestic pharma majors. In the overseas market it has been focussing on Far East Middle East and South Asia. Overall it plans to focus equally on domestic and export market. The company has offered 30 lakh equity shares of Rs 10 each at a premium of Rs 35 each aggregating Rs 13.50 crore. The issue proceeds will be utilised predominantly to augment working capital requirements at Rs 10.47 crore Plant and machinery for R & D amounting to Rs 2.33 crore and for preliminary and public issue expenses of Rs 0.70 crore. Rajeev Goal who is currently the company's Managing Director has promoted the company. The core promoters hold 36.41% stake in the company which will come down to 25.98% post issue. The promoters friends and associates hold 63.58% stake in the company which will come down to 45.34% post issue. Over the past three yeas the company's plant has been operating around 60% capacity utilisation due to paucity of working capital. Of the proposed issue proceeds of Rs 13.50 crore (including premium) nearly 78% amounting to Rs 10.48 crore is towards augmenting working capital. On successful completion of the issue the company is hopeful of scaling up the capacity utilisation of bulk drugs intermediates as well as formulations to 85% in 2003-04 90% in 2004-05 and to 95% in 2005-06. The company is presently fetching significant revenues from products like Ampicillin Amoxicillin which have very low margins but have significant growth potential in terms of volume. While the company will optimally capitalise on the growth potential and scale up volumes to improve capacity utilisation and profitability it has also planned to move up the value chain. The company's strategy to move up the value chain is multifold. It plans to (a) Increasing the share of higher margin compounds like Cephalexin Cefadroxyl Loratadine Dicloxacillin etc (b) develop new molecules in other therapeutic areas like anti-ulcerants anti-diabetes (c) Progressively shift to third generation penicillin based cephalosporins like cefixime cefuroxime cefdinir cefporgyl etc which are already ready for commercial launch (d) Increase the share of regulated markets in the export revenues. Currently the company is focussed on manufacture of tablets and capsules for Pencilling G based products wherein it has strong presence in API segment. Given the current relatively low level of activity the company is supplying the formulations on loan license basis to Indswift. This ensures that the company does not end up spending huge amounts on promotion distribution etc which may not be justified for current volumes. Further the company plans to expand its formulation business through tie-ups with few other major pharma companies. The company has been funding its expansion projects predominantly through debt augmented by internal accruals. As a result its interest and finance costs as a percentage of year-end debt were very high at 22% in 2001-02 17.3% in 2002-03 and 19.0% in the six months ended Sept'03. Given the low interest regime prevailing in the country and the availability of the funds from the current IPO its interest costs can come down significantly thereby powering the bottomline.

Surya Pharma. - Key Fundamentals

PARAMETER VALUES
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)

Research Reports

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Stock Strength

Year Low/High

0.00

0.00

All time Low/High

0.15

36.00

Share Price Returns

Period BSENSE SENSEXNIFTY
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This stock has been delisted. Data presented here are the latest available.

Bulk/ Block

ALL
NSE
BSE
ALL
BUY
SELL
DateClient NameExchangeTransactionQuantityPrice
21-01-2015GAJANAN ENTERPRISESBSEBUY20.24
21-01-2015GAJANAN ENTERPRISESBSESELL15220000.24
08-01-2015IFCI LIMITEDBSESELL13012000.17
07-01-2015IFCI LIMITEDBSESELL11250000.17
04-11-2010RAJYOG SHARE AND STOCK BROKERSBSEBUY73583343.22
04-11-2010RAJYOG SHARE AND STOCK BROKERSBSESELL76583342.49
28-10-2010RAJYOG SHARE AND STOCK BROKERSBSEBUY164197341.95
28-10-2010RAJYOG SHARE AND STOCK BROKERSBSESELL137175342.89
27-10-2010RAJYOG SHARE AND STOCK BROKERSBSESELL128077334.22
27-10-2010RAJYOG SHARE AND STOCK BROKERSBSEBUY128077335.69

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This stock has been delisted. Data presented here are the latest available.
This stock has been delisted. Data presented here are the latest available.

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Company Info

Company Information

Executive Director : Alka Goyal

Chairman & Managing Director : Rajiv Goyal

Additional Director : Jasvinder Singh