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Saral Gyan - 15% @ 90 Days - Jan 2015

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15% @ 90 Days

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Saral Gyan - 15% @ 90 Days - Jan 2015

  1. 1. BUY TO SELL STOCKS FOR SHORT TERM GAINS 11th JANUARY 2015 INDOCO REMEDIES LTD BUY POTENTIAL UPSIDE: 17.8% CURRENT MARKET PRICE: 326.95 TARGET PRICE: 385.00 BSE Code 532612 Market Cap (Millions) 30128.56 NSE Code INDOCO P/E 40.11 Book Value 53.80 EPS 8.15 Face Value 2 Dividend Yield % 0.43 STOCK RECOMMENDATION
  2. 2. 15% @ 90 DAYS – JANUARY 2015 - 2 - SARAL GYAN CAPITAL SERVICES Comparative Chart (Last 1 Year) Returns: Indoco Remedies & Nifty: Nifty: 32% Indoco Remedies: 155% Stock Resistance and Support: 1st Resistance – 345 1st Support – 315 2nd Resistance – 370 2nd Support – 290
  3. 3. 15% @ 90 DAYS – JANUARY 2015 - 3 - SARAL GYAN CAPITAL SERVICES Financials at a Glance: Quarterly Results of Indoco Remedies Ltd (Rs. In Millions) Particulars Sep 2014 Jun 2014 Mar 2014 Dec 2013 Audited / UnAudited UnAudited UnAudited UnAudited UnAudited Net Sales 2284.30 1986.30 1836.20 1878.10 Total Expenditure 1798.00 1620.60 1507.60 1579.60 PBIDT (Excl OI) 486.30 365.70 328.60 298.50 Other Income 5.60 6.20 10.20 1.10 Operating Profit 491.90 371.90 338.80 299.60 Interest 26.80 27.30 34.50 38.60 Exceptional Items 0 0 0 0 PBDT 465.10 344.60 304.30 261.00 Depreciation 131.50 94.70 78.50 80.20 Profit Before Tax 333.60 249.90 225.80 180.80 Tax 109.50 49.50 40.30 39.60 Provisions and contingencies 0 0 0 0 Profit After Tax 224.10 200.40 185.50 141.20 Extraordinary Items 0 0 0 0 Prior Period Expenses 0 0 0 0 Other Adjustments 0 0 0 0 Net Profit 224.10 200.40 185.50 141.20 Equity Capital 184.30 184.30 184.30 184.30 Face Value (IN RS) 2 2 2 2 Reserves Calculated EPS 2.43 2.17 2.01 1.53 Calculated EPS (Annualised) 9.73 8.70 8.05 6.13 No of Public Share Holdings 37552721.00 37601399.00 37601399.00 37578444.00 % of Public Share Holdings 40.75 40.80 40.80 40.78
  4. 4. 15% @ 90 DAYS – JANUARY 2015 - 4 - SARAL GYAN CAPITAL SERVICES Basis of Recommendation: i) Technical Analysis Disclaimer: Important Notice: Saral Gyan Capital Services is an Independent Equity Research Company. © SARAL GYAN CAPITAL SERVICES This Service is provided on an "As Is" basis by saral gyan capital services. Saral gyan capital services and its affiliates disclaim any warranty of any kind, imputed by the laws of any jurisdiction, whether express or implied, as to any matter whatsoever relating to the Service, including without limitation the implied warranties of merchantability, fitness for a particular purpose. Neither saral gyan capital services nor its affiliates will be responsible for any loss or liability incurred to the user as a consequence of his or any other person on his behalf taking any investment decisions based on the above recommendation. Use of the Service is at any persons, including a Customer's, own risk. The investments discussed or recommended through this service may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advisors as they believe necessary. Information herein is believed to be reliable but saral gyan capital services and its affiliates do not warrant its completeness or accuracy. The service should not be construed to be an advertisement for solicitation for buying or selling of any securities.

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