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HomeNewsBusinessStocksAccumulate Zydus Lifesciences; target of Rs 480: Prabhudas Lilladher

Accumulate Zydus Lifesciences; target of Rs 480: Prabhudas Lilladher

Prabhudas Lilladher recommended accumulate rating on Zydus Lifesciences with a target price of Rs 480 in its research report dated February 06, 2023.

February 08, 2023 / 18:42 IST
     
     
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    Prabhudas Lilladher's research report on Zydus Lifesciences

    Zydus Lifesciences (ZYDUSLIF) Q3 profitability ex of gRevlimid was strong (with EBIDTA growth of +25%), aided by higher US and domestic formulation sales. We believe that company’s steady domestic franchise, strong balance sheet and potential new launches in US will help negate pricing pressure and likely competition in some key products like gAsacol in US. Moreover, ZYDUSLIF has initiated cost efficiency programs and is also working on robust pipeline of complex products including injectables, transdermals, NCE, biosimilars and vaccines which are expected to materialize over next 2– 3 years. Our FY24/25E EPS stands unchanged.

    Outlook

    We maintain our ‘Accumulate’ rating with revised TP of Rs480 (Rs465 earlier), as we roll forward to Dec 2024E earnings.

    For all recommendations report, 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.

    Zydus Lifesciences - 06 -02 - 2023 - prabhu

    Broker Research
    first published: Feb 8, 2023 06:42 pm

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