Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Buy Saberro Organics Gujarat Ltd

2 min read

Sabero Organics Gujarat Ltd
NSE Code: SABERORGAN
BSE Code: 524446
CMP: 16.85
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

17th September 2007: CMP 16.10

 
 



Company Background:

 

Sabero Organics Gujarat Limited ( SABERO) was established in the year 1991 to manufacture specialty chemicals and intermediates for the crop protection business. Sabero then forward integrated in 1997 into manufacturing crop protection chemicals. In order to have a diversified portfolio, Sabero chose one or two key products in each sector such as Acephate and Monocrotophos (Insecticides), Glyphosate (Herbicide) and Mancozeb (Fungicide). As the company was already manufacturing some of the intermediates for these products, it excelled in the technology for manufacturing organophosphorus and dithiocarbamate products.
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 made a substantial investment in data generation on products at various GLP laboratories both in India and Europe and has registered its products in various countries. Comprehensive registrations dossiers are available for all the company's core products. The Company currently has distributors in various countries and exports its products to over 50 countries covering Australia, Asia, Africa, Europe, Middle East and the Americas. In order to facilitate the registration of its products and provide better customer service, the company has recently set up subsidiaries in Australia, Argentina, Netherlands and Brazil.
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".

 

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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