Unichem Laboratories Ltd. (Unichem), incorporated in 1944 and HQ in Mumbai, is primarily engaged in manufacturing formulations and active pharmaceutical ingredients (APIs or bulk actives). Unichem specializes in therapeutic areas like gastroenterology, cardiology, diabetology, psychiatry, neurology, anti-bacterials, anti-infectives and pain management among others. Unichem is ranked 26th (Source: AWACS MAT Sept 2016) in the domestic formulations market and ranks among the top 18 companies in its representative markets. Domestic market accounts for ~56% of revenues while the acute:chronic:subchronic ratio is at 46:50:4. The company has created strong asset base over the years with decent capex by hurting its balance-sheet....