Vivimed Labs Limited (VIVIMEDLAB), is an integrated pharma player having a strong presence across the value chain by leveraging its proven expertise in the realm of chemistry. It has a wide portfolio in API, Branded generics and is a a world leader in the development of innovative photochromic dyes. The Company has 11 manufacturing plants (eight domestic and three overseas) across three continents. The pharmaceutical segment contributes 72% to the total sales while the remaining 28% is contributed by the speciality chemical segment. The company has entered into a 50:50 joint collaboration with Strides Shashun to develop and commercialize various ANDA in the US which will give a boost to the company's topline. This JV has a potential to garner revenues of INR 5000 Mn over FY18E-FY21E.Going forward, the company plans to increase its ANDA filings and CRAMS business along with optimum utilization of installed capacity which will help to scale-up the business. Going forward, we believe that increasing demand of low cost drugs will...