Company: Piramal
ISIN INE140A01024 | A0DQEJ
Business: An Indian mainly pharmaceutical company that before the 1980s was a textile company. They stand on four pillars today: Piramal Enterprises with (piramal healthcare, piramal life sciences, piramal capital, and the decision resources group), Piramal Glass (creating all kind of good looking glass containers for perfumes etc.), Piramal Realty (they have started to step into real estate) anf finally Piramal Foundation (social project to improve life in India).
Active: Their self developed pharmaceuticals are being sold in over 100 countries which gives them world wide presence.
P/E: -26.8
Comment: Approximately once per year I go to India for business and I was just not invited for going there in March. This caused me to take a look at some of the companies in Indian and from the screener Piramal looked very interesting. The result was not as interesting though.... The common shares have no voting power and the voting power shares seem to be held very tightly by the Piramal family. I almost get the feeling that when they get bored they start to invest in new things and maybe one should look more upon the Piramal Group as an investment company than anything else.
