Caplin Point Laboratories Q3 Review - In-Line; Outlook Positive Amid Expansion Plans: ICICI Direct

Caplin Point Laboratories Q3 Review - In-Line; Outlook Positive Amid Expansion Plans: ICICI Direct

Scientist at Caplin Point Laboratory Ltd.'s manufacturing facility. (Source: Company website)

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ICICI Direct Report

Caplin Point Laboratories Ltd.'s revenues grew 18.9% YoY to Rs 326.2 crore mainly on the back of the company’s unique end to end business model in Latin America.

Ebitda margins were steady YoY at 31% while Ebitda grew 20.3% YoY to Rs 101 crore. Adjusted profit after tax grew 16.3% YoY to Rs 75 crore.

Caplin’s core business in Latin America and Africa delivered strong growth amid challenging landscape in logistics while Caplin Steriles nine months-FY22 sales has overtaken FY21 revenues and has set a target of $100 million by CY26 in U.S.

The company is undergoing a capex journey of Rs 430-450 crore to expand existing capacities, widen its product portfolio and backward integrate majority of the products.

Caplin plans to enter more regulated markets such as Canada, Australia, China, Russia/Commonwealth of Independent States as well as enter the bigger LatAm markets of Mexico and Brazil in the near to medium term horizon.

Click on the attachment to read the full report:

ICICI Direct Caplin Point Q3FY22 Result Update.pdf
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