{"id":10835,"date":"2017-03-13T13:56:08","date_gmt":"2017-03-13T08:26:08","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=10835"},"modified":"2017-03-13T13:56:08","modified_gmt":"2017-03-13T08:26:08","slug":"cadila-healthcare-ltd","status":"publish","type":"post","link":"https:\/\/fundsindia.com\/blog\/equities\/cadila-healthcare-ltd\/10835","title":{"rendered":"Cadila Healthcare Ltd."},"content":{"rendered":"<p><strong>US business to get booster dose after Moraiya facility received clearance<\/strong><\/p>\n<p style=\"text-align: justify;\">Cadila Healthcare (Cadila) is one of India\u2019s leading pharmaceutical company and\u00a0is vertically integrated with presence across the value chain. It manufactures\u00a0finished dosage forms, active pharmaceutical ingredients, animal healthcare\u00a0products and wellness products.<\/p>\n<p><strong>View &amp; Valuvation<\/strong><\/p>\n<p style=\"text-align: justify;\">With its key plant \u2018Moraiya\u2019 receiving no observations from the USFDA,\u00a0we factor in faster product approvals as all the key oral solids, transdermal &amp; nasal\u00a0products are from this facility. Further, EBITDA margins are expected to expand by\u00a070bps over FY16-19E on account of a) exclusivity (up to 180 days) on certain\u00a0product launches and b) shifting of business mix towards high-margin specialty\u00a0products. We expect revenue\/PAT to grow at a CAGR of 11.5%\/14.4% over FY16-\u00a019E. Hence, we initiate Cadila with a BUY rating with a TP of Rs.491 based on 22x\u00a0FY19E EPS.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2017\/03\/Research-Report-Cadila-Healthcare-Limited.pdf\">Research Report Cadila Healthcare Limited<\/a><\/p>\n<p style=\"text-align: justify;\"><i>Investments in equity shares, debentures, etc., are not obligations of, or guaranteed by Wealth India Financial Services Pvt. Ltd., and are subject to investment risks.\u00a0<a href=\"http:\/\/pages.fundsindia.com\/pages\/disclaimer-equities\/\">Click here<\/a>\u00a0to read our full disclaimer.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>US business to get booster dose after Moraiya facility received clearance Cadila Healthcare (Cadila) is one of India\u2019s leading pharmaceutical company and\u00a0is vertically integrated with presence across the value chain. It manufactures\u00a0finished dosage forms, active pharmaceutical ingredients, animal healthcare\u00a0products and wellness products. View &amp; Valuvation With its key plant \u2018Moraiya\u2019 receiving no observations from the [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cadila Healthcare Ltd.<\/title>\n<meta name=\"description\" content=\"Find the latest research report on Cadila Healthcare Ltd.. 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