{"id":7682,"date":"2015-06-18T16:38:47","date_gmt":"2015-06-18T11:08:47","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=7682"},"modified":"2015-07-02T17:24:33","modified_gmt":"2015-07-02T11:54:33","slug":"torrent-pharmaceuticals-ltd","status":"publish","type":"post","link":"https:\/\/fundsindia.com\/blog\/equities\/torrent-pharmaceuticals-ltd\/7682","title":{"rendered":"Torrent Pharmaceuticals Ltd."},"content":{"rendered":"<p style=\"text-align: justify;\">Established in 1959, Torrent Pharmaceuticals Ltd (Torrent Pharama), with an annual turnover of over `4,700 crore is the flagship company of the Torrent Group. Torrent Pharma ranked 15th (by turnover) in the domestic formulations market with six of its brands among the top 300 brands in India. The company is a leading player in the key chronic segments such as cardiovascular (CVS) and central nervous systems (CNS) in India. The company\u2019s international presence spanning over 40 countries with over 1,200 product registrations. The company has three manufacturing facilities at Indrad (Gujarat), Baddi (Himachal Pradesh) and Sikkim. The company\u2019s new facility is taking shape at Dahej SEZ in Western India, which will cater to the international markets.<\/p>\n<p><strong>Valuation and view<\/strong><\/p>\n<p>With new product launches and improved productivity, better growth traction in Brazil coupled with recovery in domestic formulations business beginning H1FY16E, the company sees increase in volume. We believe that strong product pipeline and growing domestic as well as international business make the company an attractive investment opportunity for the long-term investors. Further, the company\u2019s acquisition of Elder\u2019s domestic formulation business to add more brands to its existing portfolio, which is turn, would further enhance its growth visibility.<\/p>\n<div class=\"blog-highlight\" style=\"clear: both; background: #2baae2; border: none; width: 60%; text-align: center; box-shadow: 0 5px 5px rgba(0, 0, 0, 0.5);\"><a style=\"text-decoration: none;\" href=\"http:\/\/www.fundsindia.com\/content\/jsp\/LP\/equity\/equities1.do?ref=blog-button\" target=\"_blank\"> <span style=\"color: #fff; font-weight: bold;\">Open<\/span> <span style=\"color: #fff; font-weight: bold; text-decoration: none;\"> a FREE Account Now! <\/span><\/a><\/div>\n<p>At a current market price (CMP) of Rs 1,297, the stock trades at an EV\/EBITDA of 18x FY16E and 14.4x FY17E. We recommend \u2018BUY\u2019 with a target price of Rs 1,504, which implies potential upside of ~16% to the CMP from long term perspective.<\/p>\n<p><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2015\/06\/Research-Report-Torrent-Pharmaceuticals-Ltd.pdf\">Research Report Torrent Pharmaceuticals Ltd<\/a><\/p>\n<p><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>Established in 1959, Torrent Pharmaceuticals Ltd (Torrent Pharama), with an annual turnover of over `4,700 crore is the flagship company of the Torrent Group. Torrent Pharma ranked 15th (by turnover) in the domestic formulations market with six of its brands among the top 300 brands in India. The company is a leading player in 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>Torrent Pharmaceuticals Ltd.<\/title>\n<meta name=\"description\" content=\"Find the latest research report on Torrent Pharmaceuticals Ltd. 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