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JHS Svendgaard Laboratories Limited

JHS Svendgaard Laboratories Limited is an India-based company engaged in manufacturing and selling of oral care products. The Company manufactures toothbrushes, toothpastes, denture tablets, mouthwashes and laundry products. The Company's segments include fast moving consumer goods, personal care products-marketing and distribution, and dental care clinics.

 The Company focuses on exporting, importing, trading, buying and selling of oral care/hygiene products. The Company's products include toothbrushes, toothpaste, whitening gel, whitening mouth rinse and denture cleaning effervescent tablet. It operates under Dr, Gold brand, which provides range of products, such as Dr. Gold hanger pack, budget, flexy fresh, deluxe, premium, tongue cleaner and junior. Its subsidiaries include Jones H. Smith, FZE. and JHS Svendgaard Dental Care Limited.

Tano Capital LLC’s Mauritius fund, Tano Mauritius India FVCI, has picked up 14.66% stake in BSE listed JHS Svendgaard Laboratories Ltd through preferential allotment, the company informed the stock exchanges.
With the stake, that is tad below 15% that triggers open offer by the acquirer, the California based private equity firm will get a board seat. “Board of Directors of the Company have decided to do a preferential allotment of 25,00,000 equity shares to Tano Mauritius India FVCI at a price of Rs97.75,” the company said.
With a turnover of Rs3130.13 lakhs for the quarter ended 31 December 2010, the company made a net profit of Rs331.88 lakhs, up by 138% over same period last year.

We maintain buy @CMP 74.3 and the target 0f 100+ over the period of 3-6 months.