Ajanta gets approval for 5mg/10mg gNamenda (Memantine Hydrochloride)
Source: http://www.accessdata.fda.gov/scripts/cder/ob/docs/obdetail.cfm?Appl_No=206528&TABLE1=OB_Rx

The patent of Namenda (Memantine Hydrochloride), owned by Forest Lab (wholly-owned subsidiary of Actavis), expired in April 2015. According to IMS Health, the Namenda tablets brand had U.S. sales of approximately USD 1.4 billion MAT for the TTM ending in May 2015.

Forest, Teva, Mylan, Sun, Lupin, Auro, DRL, Wockhardt, Torrent, Alembic, Ajanta, Jubilant, Amneal, MacLeods, Puracap, Unichem and Upsher have gNamenda approval.

There has been a spurt in stock price recently. Any news?

Any further inputs? Seems to be all the negatives disappeared and stock hitting upper circuit for last 3 days. How to approach this stock now.

Now if we assume what management says is all correct, what is the best price to enter again?

My calculation shows with EPS of around 15Rs now, and no further dilution of shares in future and if we keep conservative projection of 15% growth, the stock is at 50% discount at this value.

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@DEEPAK_AGARWAL,
It may not a matter of concern at this stage considering the below fact.

The price realization from 2/4 wheeler vehicle is less than 1000rs.
TACL currently gets 700rs as their products price for every 4 wheeler sold by their customer. This 700 is very small compared with car price, hence squeezing of margins by car manufacturers is not a big question at this juncture.

Hi,

I am new to value investing.

I have been observing Emmbi industries for the last 2 yrears.

Emmbi Industries Limited is an India company, which is involved in manufacturing and trading of plastics products. The company has a market cap of INR1.45 billion. The Firm makes and trades high-density polyethylene and polypropylene -woven polymer products and raffia products. It has a P/E ratio of 17.5 . It makes and sells flexible intermediate bulk containers (FIBC) and woven sacks, and various woven polymer products, such as container liners, protective irrigation system, canal liners, flexi tanks and car covers.

Below are some of my observations :

Sales growth for last 5 years : 17%

NP growth for last 5 years >= 14 %

Tax payout for last 5 years >= 16 %

ROCE AND ROE increased for 9.xx to 12.xx and 11.xx resp.
NPM % has been consistent at 3.xx % . [ which looks decent for a commodity business]

Debt to Equity ratio at 1.2 looks decent after a decent amt pumped towards capex. during the last 5 yrs.

Current P/E :17.3

With my limited knowledge, the business looks good and headed north [ at 15 - 20 % cagr] in the near future unless the management does something terribly stupid.

Mgmt:

Looks decent till date.
Noting terrible reported till date about management.
The company is run by makrand [ iit - mit] and rinku appalwar [ husband and wife ]
1st generation entrepreneurs.

Anyone else also invested EMMBI ?
Pls add on whatever information that you can get.

http://www.wovensackindia.com/

Disc: Invested from RS. 8 and adding via Stock SIP.