Why We’re Bullish on Everest Organics Share Price

Today we come with Everest Organics Share Price which has the ability to give manifold returns to its shareholders. After lots of analysis, our team has selected a few best returnable stocks. Everest Organics is one of them. The share comes only under BSE (Bombay Stock Exchange) as the symbol EVERESTO. We can give you 200% surety about the particular stock that can make your portfolio richer.

But the question is, why you should believe our option blindly? Of course, you should not. First, see the logic then believe and we are giving you the opportunity to self-analyze. Here, we will discuss the top 10 Reasons why Everest Organics Share price Can Double by 2020. To analyze a stock properly both Fundamental and Technical analyses are required. So, first, we will go for a fundamental analysis of Everest Organics.

The Share Price of Everest Organics

Firstly, let us have a look at the current price of Everest Organics. The stock has closed at Rs. 210 as of 23rd August 2019.

Fundamental Analysis of Everest Organics Share

Everest Organics Limited was incorporated in 1993 to carry on the business of manufacturing bulk drugs viz. Omeprazole, Ciprofloxacin, Dichloroflurobenzene, Benzimidazole, etc, mainly having its factory at Sadasivpet  Medak District Hyderabad. The construction activities of this company started in the year 1994 and the commercial production of the company started in 1996. During the Year 1995, Everest Organics Limited went into the public issue and the shares of the company have been Over-subscribed by 39.632 times. Everest Organics Limited is headed by Dr. S.K. Srihari Raju who is an NRI and also a Doctor by profession.

More About the Company

Everest Organics Limited’s Factory has a total area of 32 acres with 23 acres of green belt and 9 acres covered under buildings and roads. Moreover, a massive plantation of this company has been done in and around the process plants. There are a total of 2000 plants and 2036 trees in Everest Organics Limited factory premises. These trees and plants include different varieties like Subabul, Neem, Gulmohar, etc., which are beautiful lawns between the buildings that give a pleasant view for the unit that relieves the stress of the workers of this company.

Business Profile of the Company                

Everest Organics Limited is one of the Major Manufacturers and Exporters of Active Pharmaceutical Ingredients and its intermediates in India. This company is an ISO 9001-2008 certified company. Everest Organics Limited’s facilities also comply with GMP standards and are certified by the Drug Control Authority of the Government of Andhra Pradesh, India.

Product Details

This company’s products have been well-accepted in the Global Market. Everest Organics Limited also provide adequate technical and documentary support for their products. Everest Organics Limited’s products comply with various pharmacopeial standards like BP, USP, EP and IP Standards as desired by the customer.

Maintained Quality and Standard

This company also have their own in-house specifications. If required, they can provide Drug Master Files (DMF) and Common Technical Documents (CTD) for their products. Everest Organics Limited has also achieved a high degree of purity standards consistently for all their products.

Everest Organics Limited’s standard Packing is in 25kg HDPE Drums, Validity of their offer is normally one week from the date of mailing. Payment terms are also Negotiable and normal delivery terms are three to four weeks from the date of receipt of the confirmed order.

Name of the Products

The activities of the Company are executed by a team of professionals with expertise in the areas of production, planning, inventory, and quality control. Moreover, this team of Everest Organics Limited professionals brings in their experience and expertise developed in the pharmaceutical industry.

API’S

• PANTOPRAZOLE SODIUM SESQUIHYDRATE – USP/BP/EP/IP
• ESOMEPRAZOLE MAGNESIUM TRIHYDRATE – USP/BP/IP/EP
• ESOMEPRAZOLE MAGNESIUM TRIHYDRATE – USP/BP (Non-infringing route )
• OMEPRAZOLE POWDER – USP / BP/ EP/IP
• ESOMEPRAZOLE MAGNESIUM DIHYDRATE
• OMEPRAZOLE MAGNESIUM – IP/EP/USP
• ESOMEPRAZOLE SODIUM
• OMEPRAZOLE SODIUM – IP / EP
• PREGABALIN – IP
• FENOFIBRATE –USP/BP/EP

Intermediates

1. 2-MERCAPTO-5-METHOXY BENZIMIDAZOLE (Omeprazole-Benzimidazole)
2. 2-CHLORO-METHYL-3,5-DIMETHYL-4-METHOXY PYRIDINE HCL (Omeprazole Chloro Compound)
3. 5-METHOXY-2-[[(3,5-DIMETHYL-4-METHOXY-2-PYRIDINYL)METHL]THIO]-1H BENZIMIDAZOLE (omeprazole sulfide)
4. 2-HYDROXY METHYL-3,5-DIMETHYL-4-METHOXY PYRIDINE (Omeprazole Intermediate)
5. 2-CHLOROMETHYL 3,4-DIMETHOXY PYRIDINE HYDROCHLORIDE(Pantoprazole Chloro Compound)
6. 5-DIFLOURO METHOXY[[[3,4-DIMETHOXY-2-PYRIDINYL]METHYL]THIO]-1H-BEZIMIDAZOLE(pantoprazole sulfide)
7. 2-MERCAPTO-5-DIFLOURO METHOXY BENZIMIDAZOLE (Pantoprazole Benzimidazole)
8. 2-CHLORO METHYL-4-(3-METHOXY PROPOXY)-3-METHYL PYRIDINE HYDROCHLORIDE(Rabeprazole Chloro compound)
9. 2-[[[3-METHYL-4-(3-METHOXYPROPOXY)-2-PYRIDYL]METHYL]THIO]-1H-BENZIMIDAZOLE; 2-{[4-(3-METHOXYPROPOXY)-3-METHYLPYRIDINE-2-YL]-METHYTHIO}-1H-BENZIMIDAZOLE (Rabeprazole Sulphide)
10. AMMONIUM SULPHATE
11. TRISODIUM ORTHOPHOSPHATE (TSP)
12. SODIUM NITRITE
13. DISODIUM ORTHO PHOSPHATE
14. DI AMMONIUM PHOSPHATE

Under Development

• SITAGLIPTIN
• VILDAGLIPTIN
• ILAPRAZOLE
• 5-(1-H-PRRROL-1-YL)-1H-BENZIMIDAZOLE-2-THIOL(Ilaprazole Benzimidazole)
• NITRO LANSOPRAZOLE (NON-INFRINGING)
• ESOMEPRAZOLE MAGNESIUM DIHYDRATE
• N-(5-AMINO-2-methyl phenyl)-4-(3-PYRIDYL)-2-PYRIMIDINEAMINE (Imatinib Intermediate)
• LANSO CHLORO COMPOUND
• LANSO SULPHIDE

Board of Directors

• Dr SK Srihari Raju is the Managing Director of this company.
• Mr K Ramakrishnam Raju is the Chairman (Ind. Director) of this company.
• Mr SK Hari Krishna is the Whole Time Director of this company.
• Mr V Swaminathan is the Independent Director of this company.
• Dr K Easwer Reddy is the Non-Executive Director of this company.
• Mr Raju S Kakarlapudi is also the Non-Executive Director of this company.
• Mr  A Parvatisem is the Technical Director of this company.
• Mr Sreeramakrishna Grandhi is the Independent Director of this company.
• Dr SK Sirisha is the Non-Executive Director of this company.

Location

Corporate Office

Plot No.127 & 128, 1st Floor, Amar Co-op Society, Opposite Madhapur Police Station Road, Near Durgam Cheruvu, Madhapur, Hyderabad – 500 033, India.

Website: www.everestorganicsltd.com

Tel:  +91-40-23115956, Fax:  +91-40-23115954, E-Mail: [email protected]

Factory

Aroor Village, Sadasivpet Mandal (which is earlier known as Medak District), Telangana – 502 291, India.

Tel:  +91-8455-250113, Fax:  +91-8455-250114, E-Mail: [email protected]

Financial Report

Everest Organics Limited’s key Products or Revenue Segments include Omeprazole which contributed Rs. 31.58 Crore to Sales Value which is 28.15% of Total Sales.

Breaking Down the Sales Report

Esomeprazole of this company contributed Rs. 20.67 Crore to Sales Value which is 18.42 % of Total Sales. Pantoprazole of Everest Organics Limited contributed Rs. 17.08 Crore to a Sales Value of 15.22 % of Total Sales. Chlorinated Compounds contributed Rs. 16.13 Crore to Sales Value (14.37 % of Total Sales), Others contributed Rs. 16.04 Crore to Sales Value (14.29 % of Total Sales), Benzimidazole which contributed Rs. 4.70 Crore to Sales Value (4.18 % of Total Sales), Sulphide which contributed Rs 2.55 Crore to Sales Value (2.26 % of Total Sales), Tetralone which contributed Rs. 2.07 Crore to Sales Value (1.84 % of Total Sales), Ammonium Sulphate which contributed Rs. 1.37 Crore to Sales Value (1.22 % of Total Sales)for the year ending 31^st March 2018.

Quarterly Report

For the quarter ended 30^th June 2019, the company has reported Standalone sales of Rs. 41.24 Crore, down -20.82 % from last quarter’s Sales of Rs. 52.09 Crore and up 52.50 % from last year’s same quarter Sales of Rs. 27.05 Crore Company has reported a net profit after tax of Rs. 3.24 Crore in the latest quarter.

Technical Analysis of Everest Organics Share Price

Now, let’s get into the technical analysis part of Everest Organics. Nowadays, the analytical part becomes more effective due to the usage effect of technical analysis. Here, through the chart, prediction becomes more accurate. The part has two sections, technical charts, and scanning results.

Technical Analysis through Chart

In this section, the Everest Organics share price is explained with a Candlestick chart, MACD oscillator, and Volume. So, let’s begin.

The above weekly chart is taken from the Zerodha Kite web charting platform. Here, I’ve added Volume and MACD indicators on the Candlestick pattern. It shows recently after breaking the previous range it is moving towards the upward direction. The last weekly candle was a big bullish candle with a long upper tail (Opening price 172.00, Closing price 208.25, The highest price it goes to 236.40 and the lowest 154.25. As of 23rd August, the closing price was Rs.210.

Now, see the volume section. It is quite clear that buyers’ interest in a particular stock is growing up gradually. If we talk about the MACD oscillator, due to the overall bearish market we can notice a short time dip there. But now it seems like the MACD line is about to cross the signal line soon. The overall picture of the chart reflects a positive vibe regarding the share.

Fundamental Scan Result of Everest Organics Share Price

Here, I present our scanning analysis of the company on the Market Smith website.

As you can see that the scan result of the stock is pretty good. EPS (earnings per share) strength, Price Strength, and Group Rank are carrying GREAT rank. Buyers’ Demand is also good enough. The graph shows the future of the company’s share is on the POSITIVE side.

General Review

As now the market is weak, we advise not to purchase the stock in bulk. Go through a slow purchasing pattern. First, decide the capital or money, you want to invest in it. Then according to it, get the stock in your portfolio by repetitive buying strategy. Hold the stock for 2 to 5 years to get maximum benefit or return from it. Double to 5 times return is possible in this stock.

10 Reasons Why Everest Organics Share Price Can Double by Next Year?

1. The fundamental strength of the stock is quite good. The company’s EPS (earnings per share), sales return (annual and quarter), and background history all are pretty strong.
2. If we talk about technical analysis, the candlestick pattern of the share shows a bullish reflection and buyers’ demands are also in the high range.
3. The scanning result of the share is also GREAT.
4. As all the results are POSITIVE, it is advised to buy and hold the share for the Mid to Long Term to get maximum return from it.
5. The company has an efficient and well-managed board of directors.
6. Their innovative strategies are helping to grow the sale return.
7. The previous history of the company was strong enough, During the Year 1995, Everest Organics Limited went into the public issue and the shares of the company have been Over-subscribed by 39.632 times.
8. For the quarter ended 30^th June 2019, the company has reported Standalone sales of Rs. 41.24 Crore, up 52.50 % from last year’s same quarter Sales of Rs. 27.05 Crore.
9. Recent Standalone Book Value is 32.47, Price/BV is 6.41, and P/E (Price to Earnings) is 16.78. These fundamental numbers are eye-catching.
10. As per the report of June 19, the company has 73.28 promoters holding and it reflects the eagerness of promoters investment in the company’s shares.

Conclusion

So, these are the Top 10 Reasons Why this stock can Double by next year. I’ve already mentioned that after proper research, our team has selected a few high-return stocks. In this article, we’ve covered one stock. Soon, we will come with another High Return Stock. So, keep following and mention your comments in the box below.