Biocon - Channel Breakout - Long term investing idea

May 15

Biocon

PE = 32 less than Industry PE
PBV also less than Industry PBV
PEG = 2.4
Low ROE, ROCE
Good sales and profit growth in last 5 years.
Last 1 year sales and profit growth are excellent - 48% sales growth, 83% profit growth
Stable promoter holding

May 25

Trade active

Less than ideal quarterly results

Mar 2024
BIOCON
QOQ
👉Revenue drops -0.94% to 3917cr
👉Profit drops -70.39% to 223cr
👉EPS drops -79.45% to 1.13
👉EBITDA rose 1.11% to 913
👉EBITDA Margin drops 0.00% BPS to 23%
YOY
👉Revenue rose 3.79% from 3774cr
👉Profit drops -46.14% from 414cr
👉EPS drops -56.70% from 2.61
👉EBITDA drops -4.60% from 957
👉EBITDA Margin drops -2.00% BPS from 25%
Fundamentals
👉Stock Price is 269.7( as of 3/31/2024)
👉Stock PE is 31.65
👉Stock EPS is 8.52
👉Dividend Announced of Rs.0.5
Growth
👉2 Year Revenue CAGR is 34.28%
👉2 Year Profit CAGR is 29.67%
👉2 Year EPS CAGR is 25.61%
👉2 Year Price CAGR is -11.18%"

However at end of year, compared to last year. company has increased revenue nearly by a quarter and profits have nearly doubled. Margins remain mostly same and promoter holding is stable. Continue to stay invested

Jun 10

Trade active

Biocon, Break out from channel. Keep invested

Jun 12

Note

Biocon 340+
Stay invested for larger returns

Jul 3

Trade active

Biocon 360+

Sep 5

Trade active

Biocon 394 !!!!!