{"id":11362,"date":"2017-05-20T12:41:22","date_gmt":"2017-05-20T07:11:22","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=11362"},"modified":"2017-05-20T12:41:22","modified_gmt":"2017-05-20T07:11:22","slug":"cipla-ltd","status":"publish","type":"post","link":"https:\/\/fundsindia.com\/blog\/equities\/cipla-ltd\/11362","title":{"rendered":"Cipla Ltd."},"content":{"rendered":"<p><strong>Strong Inhalation portfolio to drive growth\u2026 <\/strong><\/p>\n<p>Cipla is one of the largest producers of pMDIs (Metered Dose Inhalers) in the world with more than 65 different inhaled devices. Cipla derives 54% of its revenue from exports and 39% from domestic business.<\/p>\n<p><strong>Valuations:<\/strong><\/p>\n<p style=\"text-align: justify;\">We expect Cipla\u2019s revenue and PAT to grow at a moderate CAGR of 13% and 14.5%, respectively over FY16-19E on account of key inhalation launches and scale up of US revenue from InvaGen acquisition. Hence, we recommend BUY rating on the stock with a TP of Rs633 at 22.5x FY19E earnings in-line with the peers.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2017\/05\/Research-Report-Cipla-Ltd.pdf\">Research Report Cipla Ltd<\/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<p style=\"text-align: justify;\">\n","protected":false},"excerpt":{"rendered":"<p>Strong Inhalation portfolio to drive growth\u2026 Cipla is one of the largest producers of pMDIs (Metered Dose Inhalers) in the world with more than 65 different inhaled devices. Cipla derives 54% of its revenue from exports and 39% from domestic business. Valuations: We expect Cipla\u2019s revenue and PAT to grow at a moderate CAGR of [&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>Cipla Ltd.<\/title>\n<meta name=\"description\" content=\"Find the latest research report on Cipla Ltd. On FundsIndia Marketplace\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fundsindia.com\/blog\/equities\/cipla-ltd\/11362\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cipla Ltd.\" \/>\n<meta property=\"og:description\" content=\"Find the latest research report on Cipla Ltd. 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