your comment on my Multibagger idea

I hold some shares of Celestial Bio labs and i beleive it can be a multibagger.At Current Market valuatiin of Rs.30 crore i feel market ignored this gems.They have so many good products and company will launch atleast 2new product launch every year
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So please post your Comments on CELESTIAL BIO LABS
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Whether u beleive ut as multibagger or not and do u feel it as risky
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Promoters are increasing stake at 38% but in my view it is very less, increasing of stake is the only positive stock trading at a pe of 28 ehich is very high for a microcap company.

 

CELESSTIAL LAB (CMP : 16.60 )
EPS is 0.49
PE Ratio of this company is 31 , Very high price
Last 5 years net profit growth Come down ....

In Ayrvedic Products Division there is a high competition in market ....

 

As per the annual report 2013-14, company doesn't have any export earnings and they got WHO certifications for certain products and planning to export those to African and some Asian nations , planned to introduce one product every year out of their own research ... But latest annual report s not available ... I don't know why the company s trading at such a higher pe ... Even more than torrent pharma, 4 times than tata motors

 

Thank you verymuch for yoyr views
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Yes PE Is high.when i have seen their website some what confidense that they are commited to increase sales..And They are in process of launching of Herbal Bio vita drink globally which is simular to Yakult.
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Thanks for your views.Holding little qty now will be adding more after results.

 

it has number of good products in its cart if theyvare able to market its products in large scale may outperform
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I decide to add further only after looking at coming quarter results

 

Fundamentally weak .Hence not likely to give multibagger returns, as it presenly appears.Aurvedic pharma prducts do not have much crediblity among allopathic doctors as their actions are not supported by clinical trials, a mandatory requirement.

 

Dear Ganesh Babu ,

First i want to appreciate your effort to identify Multibagger stock ...
face value of this stock is Rs.10 and it is Rs.16.60 very nice selection , but it is not sufficient

dont buy at this movement ...please observe quarterly results and if their is a significant change,
do according to your investment plan ......