{"id":12538,"date":"2017-11-23T13:08:22","date_gmt":"2017-11-23T07:38:22","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=12538"},"modified":"2017-11-23T13:08:22","modified_gmt":"2017-11-23T07:38:22","slug":"cipla-ltd-2","status":"publish","type":"post","link":"https:\/\/fundsindia.com\/blog\/equities\/cipla-ltd-2\/12538","title":{"rendered":"Cipla Ltd."},"content":{"rendered":"<p><strong>Ramp up in US sales and robust India business to drive growth ahead <\/strong><\/p>\n<p style=\"text-align: justify;\">Cipla is a leading global pharmaceutical company with 1,500 plus products across various therapeutic categories. It has presence in over 80 countries.<\/p>\n<p style=\"text-align: justify;\"><strong>Outlook and Valuation:<\/strong>\u00a0 We believe key product approvals in the US along with the company&#8217;s target to launch a niche product every quarter over the next two years will give a strong boost to the US business going ahead. Moreover, steady India business and strong grwoth in SAGA business &amp; RoW markets will drive revenue growth further. Hence, we expect revenue\/Adj. PAT CAGR of 13%\/39% over FY17-20E. Hence, we recommend \u2018BUY\u2019 rating on the stock with a target price (TP) of Rs 677 based on 20.3x FY20E EPS.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2017\/11\/Research-Report-Cipla-Ltd.pdf\">Research Report &#8211; 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","protected":false},"excerpt":{"rendered":"<p>Ramp up in US sales and robust India business to drive growth ahead Cipla is a leading global pharmaceutical company with 1,500 plus products across various therapeutic categories. It has presence in over 80 countries. Outlook and Valuation:\u00a0 We believe key product approvals in the US along with the company&#8217;s target to launch a niche [&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-2\/12538\" \/>\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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