Failed to connect to MySQL: No route to host Buy Aurobindo Pharma; target of Rs 917: Khambatta Securities - Moneycontrol.com
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney Tech Control
Moneycontrol

Home » News » Recommendations

Feb 15, 2017, 04.11 PM | Source: Moneycontrol.com

Buy Aurobindo Pharma; target of Rs 917: Khambatta Securities

Khambatta Securities is bullish on Aurobindo Pharma has recommended buy rating on the stock with a target price of Rs 917 in its research report dated February 13, 2017.

Like this story, share it with millions of investors on M3

Buy Aurobindo Pharma; target of Rs 917: Khambatta Securities

Khambatta Securities is bullish on Aurobindo Pharma has recommended buy rating on the stock with a target price of Rs 917 in its research report dated February 13, 2017.

Post Your Comments

Share Cancel

(more)

, Khambatta Securities |


Khambatta Securities' research report on Aurobindo Pharma

Aurobindo’s revenues grew 12.6% y-o-y and 3.4% q-o-q to Rs 39,141 mn in 3Q FY17 marginally above our expectations. Revenue was driven by 12.0% y-o-y growth in US formulations and 10.3% growth in Europe formulations business while ARVs grew 12.0% y-o-y during the quarter. API sales grew 11.6% y-o-y during the quarter.

Outlook

We assume a target EV/EBITDA multiple of 13x for FY 2018 EBITDA, to arrive at a target price of Rs 919 per share. Aurobindo’s DCF valuation is Rs 914 per share. Consequently, using a weighted average methodology we arrive at a share price of Rs 917, generating a 38.8% upside potential in the medium term.

For all recommendations, click here

Disclaimer:
The views and investment tips expressed by investment experts/broking houses/rating agencies 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.

To read the full report click here

Buy, Hold, Sell ? Hear it first on M3
Buy Aurobindo Pharma; target of Rs 917: Khambatta Securities

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login