Tuesday, September 8, 2009

MARKSANS PHARMA HIGH DEBT LOW FACE VALUE

Sir cans marksans pharma good to invest for expecting profit. Ask by chiru tummalpali
1. Marksans pharma is a 1 rupees face value share not a 10 rupees face value share so low face value is reason for its low price if we converted it current price 6 as 10 rupees face value then it will be 60.
2. Book value of marksans pharma is 3.5 so share traded near about double of it book value.
3. this is a high debt company ,debt/equity ratio for marksans pharma is 2.47 and I think you knew our formula that we did not like any company which debt/equity ratio is more then 1.5
4. This is a loss making company net loss in June 09 quarter is -3.4 million.
5. Promoter holding in marksans pharma is 48.39 percent not very low.
6. share is not fundamentally sound and we did not like it
THIS IS AN OPINION OF MAHESH KAUSHIK ONLY NOT A PROFESSIONAL ADVICE PLEASE READ DISCLAIMER BEFORE TAKE ANY DECISION

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