MEDICAMEN BIOTECH - Small is Beautiful

Medicamen Biotech is a pharma company having two units located at Bhiwandi in Rajastan and Haridwar in Uttarakhand. Medicamens main strength is in antibiotic and anti bacterial segment.It manufactures and exports tablets, Capsules, Liquid Syrup and Dry Syrup for various applications.Its manufacturing units are approved by overseas authorities like National Drug Authorities- Kampala, Uganda,Food & Drug Board, Ghana. ,. Ministry of Health (NAFDAC), Nigeria,. Ministry of Health, Zimbabwe,. Brazilian Sanitary Vigilance Agency, Brazil,. Board of Drugs & Medical Appliances, Ministry of Health, Republic of Yemen,.Tanzania Food & Drugs Authority- Tanzania ,.Pharmacy, Medicines & Poison Board- Malawi,.Ministry of Health- Ivory Coast ,.Bureau of Food & Drugs- Philippines ,Cosmetics, Devices & Drugs Authority- Srilanka ,.Drugs Administration of Veitnam- Veitnam ,.Pharmacy & Posion Board- Zambia ..etc. Its concentration in less developed countries gives immense scope for growth. Company’s decision to moving into retail segment is started to paying off . For the nine month ended company posted a sale of 74 crore and NP of Rs.3 crore which is higher than the last fullyear sales figure of 86 crore sale and NP of 1.3 crore .Medicamen is expected to cross 100 crore sales in full year .On an equity base of 7.7 crore, company can post an EPS about Rs.6/- . At current market of Rs.25/- there is not much risk in this counter especially at a time promoters are acquiring shares from open market.