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Goal Value
The Present Market Value (CMP) of Ajanta Pharma is Rs. 1934. Motilal Oswal has estimated a Goal Value for the inventory at Rs. 2500. The inventory is anticipated to supply a 29% upside, in 1 12 months.
| Inventory Outlook | |
|---|---|
| Present Market Value (CMP) | Rs. 1934 |
| Goal Value | Rs. 2500 |
| 1 12 months return | 29.00% |
Firm efficiency
AJP delivered 13% gross sales CAGR from Dec’18 to Dec’21, led by regular traction in current therapies and ramp-up in newly added therapies and the Commerce Generics phase. It delivered a gross sales progress of 23% YoY to Rs. 7.3b (30% of gross sales) in 9MFY22. The corporate is anticipated to drive 16% gross sales CAGR within the DF phase to Rs. 11b over FY22-24. AJP has garnered gross sales of Rs. 7b over the previous 12M from Rs. 40m in FY16, which is essentially led by launches and market share beneficial properties in current merchandise.
Feedback by Motilal Oswal
Sustaining purchase ranking Motilal Oswal said, “In comparison with a reasonable 5% YoY earnings progress anticipated in FY22, we anticipate AJP to ship 16% earnings CAGR over FY22-24, led by superior efficiency within the Branded Generics phase throughout Home Formulation, Asia, and Africa. We stay constructive on AJP on the again of a) its robust model franchise in DF/Asia/Africa, b) strong prospects for the US Generics phase, and c) superior profitability and return ratios. We’ve got minimize our FY23/FY24 earnings estimate by 4%/6% to think about a muted outlook for the institutional Anti-Malarial enterprise and non permanent slowdown in ANDA filings within the US market.”
In regards to the firm
Ajanta Pharma has remained a centered participant within the Branded Generics enterprise in Asia and Africa with ~40 product registrations over the previous 12 months. It already has a portfolio of ~200 merchandise for these markets and its front-end presence with 450/400 MRs in Africa/Asia. AJP delivered 53%/2% YoY gross sales progress in Africa/Asia over 9MFY22 on the again of 20-22 product launches and market share achieve in current merchandise. They serve a variety of therapeutic segments like Anti-Biotic, Anti-Malarial, Anti-Diabetic, Cardiology, Gynecology, Orthopedics, Pediatric, Respiratory & Normal Well being merchandise.
Disclaimer
The above inventory was picked from the brokerage report of Motilal Oswal. Investing in equities poses a danger of economic losses. Traders should subsequently train due warning. Greynium Info Applied sciences, the writer, and the brokerage home usually are not accountable for any losses brought on because of choices primarily based on the article.
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