Ipca is a fully-integrated Indian pharmaceutical company manufacturing over 350 formulations and 80 APIs for various therapeutic segments. Contribution from Global Fund tenders, new anti-malaria products (injection and dispersible tabs), strong API pricing/demand, Bayshore acquisition and likely pick-up in UK revenues are the key drivers.
Further the company has reduced its debt dependency to 0.2x from 0.4x in FY14. Cash flow is also steadily increasing. Hence Buy.
| CMP | NA |
|---|---|
| Target Price | NA |
| Investment Period | 12 Months |
The Government's fiscal deficit target for FY2024-25 is set at 5.1%, which was better than
The Government in line with their aim to reach a fiscal deficit level below 4.5% of the GD
The Government's fiscal deficit target for FY2024-25 is set at 5.1%, which was better than
The Government in line with their aim to reach a fiscal deficit level below 4.5% of the GD
We expect the Union Budget 2022-23 will focus on gradual fiscal consolidation though there
Post the Covid-19 pandemic there are expectations that the budget would contain measures t
Size of economic stimulus announced is below market expectations
 The Finance minister
Focus on agriculture and MSME sector along expected lines
 The Finance minister has an
Johnson Contls-Hitachi Air Conditioning India is engaged in the business of
 manufactu
The Government's fiscal deficit target for FY2024-25 is set at 5.1%, which was better than
The Government in line with their aim to reach a fiscal deficit level below 4.5% of the GD
The Government's fiscal deficit target for FY2024-25 is set at 5.1%, which was better than
The Government in line with their aim to reach a fiscal deficit level below 4.5% of the GD
We expect the Union Budget 2022-23 will focus on gradual fiscal consolidation though there
Post the Covid-19 pandemic there are expectations that the budget would contain measures t
Size of economic stimulus announced is below market expectations
 The Finance minister
Focus on agriculture and MSME sector along expected lines
 The Finance minister has an
Johnson Contls-Hitachi Air Conditioning India is engaged in the business of
 manufactu
The Government's fiscal deficit target for FY2024-25 is set at 5.1%, which was better than
The Government in line with their aim to reach a fiscal deficit level below 4.5% of the GD
The Government's fiscal deficit target for FY2024-25 is set at 5.1%, which was better than
The Government in line with their aim to reach a fiscal deficit level below 4.5% of the GD
We expect the Union Budget 2022-23 will focus on gradual fiscal consolidation though there
Post the Covid-19 pandemic there are expectations that the budget would contain measures t
Size of economic stimulus announced is below market expectations
 The Finance minister
Focus on agriculture and MSME sector along expected lines
 The Finance minister has an
Johnson Contls-Hitachi Air Conditioning India is engaged in the business of
 manufactu
