Is Morepen Laboratories a Multibagger Stock?

Morepen Laboratories 
BSE: 500288 | NSE: MOREPENLAB | ISIN: INE083A01026 | SECTOR: PHARMACEUTICALS

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About Morepen Laboratories

Morepen Laboratories is a small cap company in the Pharmaceuticals sector with current market capitalization of Rs 1,212.28 crore. Morepen Laboratories Ltd. was incorporated in the year 1984 and it went public in 1993. Morepen has a niche in the API business. Its cost reduction efforts coupled with continuous investment in R&D yielded rich dividend for the company as it attained a strong hold in the international markets, which eventually reflected positively on financial front in the current fiscal.  The company management includes Sushil Suri - Chairman & Managing Director, Arun Kumar Sinha - Whole Time Director, Manoj Joshi - Independent Director, Bhupender Raj Wadhwa - Independent Director, Sukhcharan Singh - Independent Director, Archana Bhargava - Additional Director.

Also read >>> How to Invest in Penny Stocks for Multibagger return?

Morepen Laboratories  Key ratios;

• MARKET CAP (RS CR) : 1,212.28
• P/E : 128.33
• BOOK VALUE (RS) : 4.30
• DIV (%) : 0.00%
• INDUSTRY P/E: 32.73
• EPS (TTM) : 0.21
• P/C : 25.42
• PRICE/BOOK : 6.27
• FACE VALUE (RS): 2.00

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Shareholding Pattern of Morepen Laboratories 

(in %)	Dec-15	Sep-15	Jun-15
Promoter	34.54	34.54	34.54
Public	65.46	65.46	65.46

Our Take;

• Morepen Lab has been a darling of multibagger seekers. It has delivered a multifold return of more than 2000% with its nice journey from Rs. 2.05 in August 2013 to Rs. 41.80 in December, 2015. So Morepen Lab is a perfect example of  Multibagger Stock.

• At CMP of Rs. 26 shares of Morepen Lab is trading at PE of 125+ so at present EPS the stock is overvalued. No fresh position is suggested until the company delivers good numbers in upcoming quarters.
• read also: Rakesh Jhunjhunwala’s Latest Holding and It's Performance

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