New Delhi, January 15: Martin & Harris Laboratories, the pharmaceutical arm of Apeejay Group, has announced its results for the financial year ended on 31 March, 2021.
In the financial year 2020-21, Martin & Harris Laboratories clocked a profit after tax (PAT) of Rs 177 crore, a rise of 138.96% against a net profit of Rs 70 crore in the financial year 2019-20.
In the last seven years, the revenue of the company has grown at a CAGR of 30% and from Rs 67 crore to 336 crore, whereas PAT has surged at a CAGR of 61% to Rs 177 crore.
The total income for the FY 2020-21 includes Rs 138 crore from pharma business and Rs 196 crore from investment business. Earnings per share (EPS) of the company zoomed to 443 in FY21 against an EPS of 180 in FY20.
In FY21, Delite Infrastructure an investment arm of Martin and Harris Laboratory has generated EBIT of 160 Crores on capital of 400 Crores, which is 40% return on capital. And, though period and portfolio is large, if we benchmark this with Warren Buffet’s investment company Berkshire Hathaway, same has generated 20% CAGR return in the last 40 years. This shows that investment arm of Martin and Harris Laboratory is generating handsome return to shareholders.
Martin & Harris Laboratories have a couple of manufacturing facilities in Roorkee (Uttarakhand) and Una (Himachal Pradesh) wherein they manufacture some famous medicines like Drotin Plus, Amclox, Venusmin and Tamsin etc which are having high demand in the market. The company is constantly taking steps to modernize and expand its manufacturing units to meet international standards.
Apeejay Group was established in 1910 by Shri Pyare Lal Ji, which today has an annual turnover of more than Rs 2,500 Cr. From starting its journey in Jalandhar to manufacture steel goods for the domestic agriculture industry, today Apeejay Group has ventured into hotels, real estates, constructions, shipping and pharmaceuticals. Later on the legacy of Shri Pyare Lal was being carried out by his sons Surrendra and Stya. And, accordingly, the group was divided into two parts i.e. Apeejay Surrendra and Apeejay Stya Group.
Today, Apeejay Stya Group manages Martin and Harris Laboratory i.e. Pharma Business along with Apeejay Education Society and the Apeejay Stya Universities. Dr Stya Paul’s legacy of excellence is being carried forward by his daughter and only child, Mrs Sushma Paul Berlia, Chairman of the Apeejay Education Society.
Apeejay Surrendra Group business activities are presently oversee by his son and daughters i.e. Priya, Priti and Karan Paul.
Valuation
In the pre IPO market, the shares of Martin & Harris Laboratories are trading at Rs 2900-3000 apiece. With an average EPS of Rs 270 for the last three years, it commands a price to earnings (P/E) ratio little more than 10.75 to 11.11x.
On a standalone basis, the company’s pharma arm generated a net profit of Rs 40 crore in FY 2020-21 with an average EPS of Rs 102 for the last three years, it is trading at a P/E ratio of 28x. Nifty Pharma index is trading at a P/E ratio of 33x, there is ample upside left in the company.
cheap canadian pharmacy cialis
buy generic sildenafil kamagra
prednisone 20mg no prescription
buy viagra south africa online
buy zithromax online mastercard
how long to get zithromax out of system
brand cialis online pharmacy
nystatin and diflucan combined
where to buy amoxicillin 500mg without prescription
can you get high off amoxicillin
are clarithromycin and azithromycin the same
cialis 36 hour
refill albuterol
buy generic advair from canada
fluconazole one dose
buy ivermectin for humans australia
zithromax 1 gram oral packet
generic propecia online amex
azithromycin for covid
can you get addicted to lasix
cytotec price in sa
buy cialis for daily use
tadalis sx soft
how to get cialis discount
where to buy cialis for women
tadalafil brand name india
tadalafil generic online
cialis online 40 mg
india tadalafil capsule cheap
ラブドール ぽっちゃり JY人形からの巨大なおっぱいと太ったお尻を持つ素晴らしい新しい162cmのボディ！
I?¦ve read some good stuff here. Definitely price bookmarking for revisiting. I surprise how a lot attempt you place to make such a excellent informative website.
You are a very capable individual!
I really appreciate this post. I have been looking everywhere for this! Thank goodness I found it on Bing. You have made my day! Thanks again
sex doll WMdoll 166cm C cup sex doll audit (Hard skin) How Do Sex Dolls Improve Your Exhausted Life? How Do Sex Dolls Improve Your Exhausted Life? Beautiful advanced dream of sex dolls with AI
Would love to incessantly get updated great blog! .
Some really interesting details you have written.Aided me a lot, just what I was searching for : D.
It’s a pity you don’t have a donate button! I’d most certainly donate to this brilliant blog! I guess for now i’ll settle for bookmarking and adding your RSS feed to my Google account. I look forward to fresh updates and will talk about this blog with my Facebook group. Chat soon!
I went over this site and I conceive you have a lot of wonderful information, saved to my bookmarks (:.
Hello, Neat post. There’s an issue with your web site in internet explorer, may check this?K IE still is the marketplace chief and a large part of other people will omit your excellent writing due to this problem.
What i don’t understood is actually how you’re no longer actually a lot more neatly-favored than you might be now. You’re so intelligent. You recognize therefore considerably relating to this matter, produced me personally consider it from a lot of various angles. Its like men and women aren’t interested until it is one thing to accomplish with Woman gaga! Your personal stuffs great. At all times deal with it up!
fat sex doll Are Robots the Response to the Long-Existing Issue of Slavery?
Can I just say what a aid to find somebody who really is aware of what theyre talking about on the internet. You definitely know easy methods to deliver a problem to light and make it important. Extra folks have to learn this and perceive this aspect of the story. I cant believe youre not more common since you undoubtedly have the gift.
I must show my appreciation to this writer just for bailing me out of this challenge. After surfing throughout the the net and coming across things which are not pleasant, I figured my life was well over. Being alive without the strategies to the problems you have solved through your site is a crucial case, as well as those which could have adversely affected my entire career if I hadn’t come across your website. Your own personal competence and kindness in maneuvering every part was vital. I am not sure what I would have done if I hadn’t discovered such a thing like this. I’m able to at this time look ahead to my future. Thanks very much for the professional and amazing help. I won’t be reluctant to recommend your web page to anyone who should get assistance on this area.
I conceive you have noted some very interesting points, thanks for the post.
Respect to article author, some excellent information .
I haven’t checked in here for some time because I thought it was getting boring, but the last several posts are great quality so I guess I’ll add you back to my everyday bloglist. You deserve it my friend 🙂
I would like to thank you for the efforts you have put in writing this site. I am hoping the same high-grade blog post from you in the upcoming also. In fact your creative writing abilities has encouraged me to get my own blog now. Really the blogging is spreading its wings rapidly. Your write up is a good example of it.
Very excellent information can be found on web site.
リアルドール
Does your site have a contact page? I’m having trouble locating it but, I’d like to shoot you an email. I’ve got some creative ideas for your blog you might be interested in hearing. Either way, great website and I look forward to seeing it develop over time.
whoah this weblog is great i really like studying your articles. Stay up the good work! You already know, lots of persons are hunting round for this information, you can aid them greatly.
I¦ve been exploring for a little for any high quality articles or blog posts on this kind of space . Exploring in Yahoo I finally stumbled upon this web site. Reading this info So i¦m satisfied to exhibit that I have a very just right uncanny feeling I came upon exactly what I needed. I so much unquestionably will make certain to don¦t overlook this site and give it a glance on a continuing basis.
You made various fine points there. I did a search on the subject and found mainly persons will go along with with your blog.