Date:23/03/2006 URL: http://www.thehindubusinessline.com/2006/03/23/stories/2006032302101500.htm

Back TTK Healthcare: Shines on value tag

TTK Healthcare has improved by 16.47 per cent in the last one week on slowly rising interest in the stock. Wednesday's turbulent session witnessed the counter finish in the green at Rs 84.50 after creating an all-time high at Rs 87.85. A section of value investors is known to be taking interest in this pharmaceutical-cum-FMCG stock (products include allopathic, herbal medi-care items, cosmetics, condoms, hair cream and shoe polish).

Analysts pointed out that the market cap of this debt-free company now is a little over its expected annual `05-06 net sales (9 month figure - Rs 143.33 crore), much lower than comparable players. Apart from an expectation of a robust performance-driven accelerated EPS growth (2006-07 expected EPS is Rs 12) in the coming years, valuation of its surplus land in Bangalore is attracting additional attention. According to market sources, the land, which is understood to be up for sale, may fetch Rs 40 crore.

Jayanta Mallick