Albert David Ltd. could be an interesting idea with decent potential for growth. Results for June Qtr. came in yesterday, with perhaps an all time high top line of 93.19 crs with its gross & operating margins intact. The results seem to be not so good, due to M to M losses (other income) due to fall in market value of investments as on June 30th.
The pharma Co. which is being run by a professional CEO, is sitting on substantial liquid investments in equities/ mutual funds. If it can continue on its growth path, then future expansions can easily be funded. This would improve the return ratios dramatically as investments in mutual funds dampen return ratios.
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