Everest Organics reports standalone net loss of Rs 1.34 crore in the September 2021 quarter

Everest Organics has informed the exchanges that they will be making the API for the generic version of Merck's anti Covid-19 drug molnupiravir. The company has joined hands with Divi's Labs for making this API. Here we speak with Srikakarlapudi Sirisha, CEO of Everest Organics, and Vishal Manchanda of Nirmal Bang Institutional Equities, who explain how big is the opportunity for molnupiravir from an API perspective.

#CNBCTV18 #BusinessNews #ShareMarketToday #Nifty #Sensex #SrikakarlapudiSirisha #VishalManchanda #EverestOrganics #MolnupiravirAPI

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Everest Organics Develops Molnupiravir API, Here We Discuss This Opp | Halftime Report | CNBC-TV18

Merck has separately entered into voluntary licensing agreements with at least eight Indian generic drugmakers for molnupiravir, to turn the country into a manufacturing hub for the drug.

COVID-19: Everest Organics starts making ingredient for Merck’s molnupiravir drug

The Indian bulk drugs manufacturer joins Divi’s Laboratories Ltd as an API maker for Merck’s experimental oral drug

India’s Everest Organics starts making ingredient for Merck’s Covid pill

The Indian bulk drugs manufacturer joins Divi’s Laboratories Ltd as an API maker for Merck’s experimental oral drug. Merck has separately entered into voluntary licensing agreements with at least eight Indian generic drugmakers for molnupiravir, with an aim to turn the country into a manufacturing h…

India’s Everest Organics starts making ingredient for Merck’s COVID-19 pill

‘Molnupiravir’ is an API that reduces the risk of hospitalization and death by around 50% for patients with mild or moderate cases of Covid.

Everest Organics ends 15% higher on development of Molnupiravir, a new API to treat Covid-19

Everest Organics standalone net profit declines 40.50% in the June 2021 quarter

The Company is in full compliance with all the pollutions norms and is confident that it would be revoked permanently.

Everest Organics receives extension of revocation of factory closure order; Stock sheds 2%

Company has recommended a dividend @ 10% apart from interim dividend of 5% declared and paid, hence total dividend for FY21 is 15%.

Everest Organics Q4FY21 PAT declines to Rs2cr

Everest Organics standalone net profit declines 44.44% in the March 2021 quarter

Posaconazole is a triazole antifungal agent indicated for treating mucormycosis patients popularly known as Black Fungus in post Covid complications.

Everest Organics launches Posaconazole API to treat ‘Black Fungus’; Stock hits new all-time high

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Not a good time to consider, stock is in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Everest Organics Limited is a pharmaceutical company engaged in the business of bulk drugs, intermediates and active pharmaceutical ingredients (APIs).