The shares of one of the leading research and development-driven manufacturers of specialty chemicals, held by ace investor Ashish Kacholia jumped 5 percent after big firms like Goldman Sachs, Morgan Stanley Asia Singapore Pte, and ICICI Prudential bought a stake in the company.
At 11:28 a.m the shares of AMI Organics Limited were trading at Rs. 1191.65, up 4.52 percent from its previous day’s close price of Rs. 1,140.10 and its market capitalization is Rs. 4,396 Crores.
Ace Investor Ashish Kacholia holds a 2.11 percent stake consisting of 7,76,474 equity shares in the company. He took a fresh entry into the company in September 2021 by acquiring a 1.35 percent stake.
As per the data available on NSE Bulk deals, On December 21, 2023, Goldman Sachs, Morgan Stanley Asia Singapore Pte, and ICICI Prudential Mutual fund bought 2,42,000 shares, 8,07,500 shares, and 5,00,000 shares of the company respectively at an average price of Rs. 1,030.
AMI Organics (AMI) is one of the leading research and development-driven manufacturers of specialty chemicals, focused on the development and manufacturing of advanced pharmaceutical intermediates for regulated and generic active pharmaceutical ingredients, New Chemical Entities, and key starting materials for agrochemical and fine chemicals.
It has 3 manufacturing facilities, 1 R&D Center along with a presence in over 50 countries. Some of its strong and long-term customers include Cipla, Sun Pharmaceuticals, Dr. Reddy’s, Lupin, Laurus Labs, and many more well-known companies. 520+ products
In FY23 it generated 84 percent of its revenue from the sale of Pharma intermediaries and 16 percent from Speciality chemicals. It generated 54 of its revenue from exports and 46 percent from domestic business.
The company’s revenue from operations grew 18.57 percent from Rs. 520.13 Crores in FY22 to Rs. 616.73 Crores in FY23, accompanied by increasing profits of Rs. 71.95 Crores to Rs. 83.29 Crores.
It has reported a return on equity (ROE) of 14.92 percent and a return on capital employed (ROCE) of 20.45 percent, it is making good returns on its equity and capital employed.
Written by: Bharath K.S
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