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Does Advanta India deserves a position in 2013 portfolio?

mahesh's picture
Submitted by mahesh on August 25, 2009 - 03:53

Agriculture stocks has great future . Advanta india is one of few India companies with good R&D in seeds. Seed business has been mostly dominated by multinationals like Syngenta and Monsanto.


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Submitted by mahesh on August 26, 2009 - 00:29. #

Advanta Netherlands India was acquired by United Phosphorus, an Indian agrochemical company with a group turnover of over Rs 2500 crore. It was established as ITC Zeneca with the prime objective of conducting research, development, production and marketing of superior high yielding hybrid seeds .

United pho. listed this company in India came with ipo and priced stock above Rs 600.

Advanta market cap is 895 Cr based on cmp of Rs 530. Net profit last quarter was around 8 Cr. That gives it a p/e of more than 75.
Looking at cash flow , net cash flow from operation was 17 cr.

 

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