Hester Biosciences - Growing Steadily


(Abhishek Basumallick) #103

(Ayush Mittal) #104

Average set of results:

Though the topline hasn’t increased much but good to see continued improvement in bottom line. The stock looks very expensive on valuations but few interesting things:

  1. Dividend doubled to Rs 10 per share vs Rs 5.3 per share last year.
  2. Co has finalized the details of Africa venture and its a big capex of about 120-125 Cr and they would be getting grant of about 25 Cr+ from Bill Gates foundation and close to 80 Cr as loan from Bill Gates foundation. This should make the project very attractive.