NSE Code: SABERORGAN
BSE Code: 524446
Initial Target: 24 (Target Suggested on 20th August 2007)
Revised Target: 40 (Target Revised on 11th September 2007) in approx 2 – 4 months
Current Recommendation : BUY Scrip Performance:
20th August 2007 CMP 12
11th September 2007 CMP 18
Apart from sales of unbranded technical and formulations, the Company also established in 1997 its business of branded agrochemical formulations. It launched a full range of products, which included in addition to its own technical based product, other products such as Ethephon, Cypermethrin, Chlorpyriphos , Dichlorvos, Profenofos, Triazophos , Propiconazole, Hexconazole etc.
The company went public in the year 1994 through an IPO (Initial Public Offer), which was followed up by a Rights Issue in 1997, and is today a listed Company on the Bombay Stock Exchange and National Stock Exchange in India.
Sabero currently employs over 400 people with Competent managerial, technical, supervisory and administrative skills come together as one team: one force that transcend designations. Driven by a common commitment, we strive for excellence in its smallest details.
To keep motivational levels high and capabilities razor sharp, Sabero conducts regular seminars and refresher courses, both in-house and at various training schools. We are therefore, constantly in touch with latest developments around the world.
Sabero has an extensive manufacturing facility with state-of-the-art sophisticated equipments and PLC based process control with an asset base of over USD 25 million. The Company is a signatory to the Responsible Care Program and has extensive facilities for treatment of all wastes to meet statutory environmental standards.
Sabero has a state-of-the-art R & D center and pilot plant with sophisticated analytical equipment and well qualified dedicated research fellows and scientists for the continuous improvement of existing products and the development of new ones. The R & D facilities of the Company are approved by the Indian Regulatory agency called CSIR – Council of Scientific and Industrial Research. All the existing products manufactured by the Company have been developed by Sabero in its in-house R & D. Further developmental work is being done on new generics, which will be shortly going off patent, including insecticides, herbicides, fungicides and intermediates so that we are in a position to be a primary generic supplier. Sabero has succeeded due to a combination of factors. A winning formula that we call "The right chemistry at work".