Sales have grown from around Rs. 735 million to around Rs.5000 million from 2000 to 2008. Profits have grown from around Rs.52 million to around Rs.311 million from 2000 to 2008.
Ind Swift Ltd. has been earning a return of at least 15% on its net worth per year from 2000 to 2008. It has earnings per share of around Rs.9 in the last 12 months.
Ind Swift Ltd. has a cash and bank balance of around Rs.230 million. It has net current assets of around Rs.2000 million. It has investments of around Rs.283 million. It has a net worth of around Rs.1000 million. It has a market capitalization of around Rs.1000 million.
At a market price of around Rs.28 and earnings of around Rs.9 the initial rate of return is greater than 30 per cent ! The value of the company according to me should be around Rs.90.
Ind Swift Ltd. is a Pharmaceutical company and has a Debt Equity Ratio of 2.2. Competitors are Sun Pharma, Cipla, Ranbaxy Labs, Dr Reddys Labs and Glaxosmithkline.
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