Centenial Surgical Suture is in the business of producing all types of surgical sutures used as medical devices in hospitals – it holds body tissues together after an injury or surgery. It is based out of Thane, Maharashtra. The company reported operating profits of nearly 2 crores in the last 12 months on revenues of around 13 crores. It maintains a debt/equity ratio of just under 1:1, which appears conservative for this type of essential business. This business is subject to risks of lack of funding (probably due to small size), unrestricted imports, increased competition, changes in the regulatory framework (incl Food & Drug Administration rules) etc.
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