Ankur Drugs, target of Rs 389: Prabhudas Lilladher

Published on Tue, Apr 22, 2008 at 15:20 |  Source : Moneycontrol.com

Updated at Tue, Apr 22, 2008 at 15:28  

2790 Investors following Ankur Drugs. Share this News with them.
0
0
Share on Tumblr

RELATED NEWS

Prabhudas Lilladher has maintained its buy rating on Ankur Drugs & Pharma with a price target of Rs 389 in its April 17, 2008 research report. "Ankur Drugs & Pharma's (ADPL) Q4FY08 results were above our expectations. On consolidated basis, net sales grew by 80% YoY from Rs 1.15 billion to Rs 2.08 billion (we expected Rs 1.86 bilion), mainly due to the new manufacturing facility at Baddi going on-stream during Q3FY08. The company's EBIDTA margin improved by 170bps from 14.9% to 16.6% YoY (we expected 16.5%), mainly due to decline in material cost. Personnel expenses declined by 40bps from 1.9% to 1.5% of net sales due to high sales growth and high level of automation in the new facility. The company's net profit grew by 119% YoY from Rs 91 million to Rs 200 million (we expected Rs 161 million). We reiterate BUY rating on the stock with a price target of Rs389 (7x FY10 earnings) over the next 12 months, which is an upside of 61.1% over the current price," says Lilladher's research report.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
 
For further details click on attachment.......

  

Trending News

Business News

Indian PC market growth sluggish in Q1; Lenovo tops the list
Coal India Q4 net falls 5%; maintains target for FY13 "Coal India Q4 net falls 5%; maintains target for FY13"

Class 12 results to count; IITs, NITs to have one JEE

Birla Corp Says Chanderia Mining Ops Stopped Following HC Order

The latest earning numbers FIRST on CNBC-TV18
Videos

May 28 2012, 21:07

Steady market: Experts tell you what to buy or sell now?

- in Market Edge

May 28 2012, 10:38

Buy Bajaj Auto, Hero MotoCorp on dips: Mehraboon Irani

- in MARKET OUTLOOK

Interviews

May 28 2012, 20:00 | Source: CNBC-TV18

All asset classes to rally if Germany gives in: Uday Kotak  

May 28 2012, 19:45 | Source: CNBC-TV18

Will meet targets, customers to pay import cost: Coal India  

Subscribe to

Moneycontrol Newsletters

Moneycontrol.com offers you a choice of various sectoral and other newsletters for FREE!