ASTEC LIFE SCIENCE - Patience will Pay

Astec Lifescience is promoted by Mr Ashok

Hiremath and Dr.P L Tiwari. Ashok is the

brother of Jay Hiremath , the main promoter

of  another listed company HIKAL Ltd.In the

early stages, Ashok was also a

joint promoter of Hikal but later he came

out of Hikal and promoted this company.Astec is

a producer of active ingredients such as

Hexaconazole, Propiconazole, Metalaxyl,

Tebuconazole and Dicap which are used

for manufacturing fungicides and anti-fungal

drugs.Company’s major customers

includes Syngenta ,Indofil ..etc.Last year

company came out with an IPO to fund its

expansion plan .This expansion

will be completed in 2010-11 and capacity will

be expanded to 4000 tons.At present ,company is

running in existing full capacity. Agrochemical

industry is expected to perform well in future and

company is alls set to tap the opportunities in export

market for selling its products

after the expansion. Investors with patience

can buy at CMP of 57/- for a 100% return in two

year time frame.