Torrent Pharma - Focus On Branded Generics, Profitability: HDFC Securities

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..HDFC Securities Institutional Equities.In its FY24 annual report, Torrent Pharmaceutical Ltd. has highlighted strategic themes that align with its short, medium and long-term goals: improving market share in core markets (India, Brazil, Germany, and the U.S.);investing in growth engines (capabilities in emerging markets);operational excellence (cost competitiveness);engaged and empowered stakeholders (productivity, innovation); deploying digital technologies (data analytics, emerging technologies); andtaking responsible actions (carbon emissions and water management). .Torrent Pharma will continue to focus on branded generic business growth (~74% of sales), new launches, improvement of field force productivity, scaleup of consumer healthcare business, cost competitiveness in generics (U.S. and Germany), and deleveraging the balance sheet, backed by strong cash generation (net debt/ Ebitda improved to ~0.9 times in FY24, from ~1.6 times in FY23 and ~2.3 times in FY20). We tweak our FY25/26E earnings per share and introduce FY27E EPS. We roll forward target price of Rs 3,010, based on a 38 times Q1 FY27E EPS (versus Rs 2,940 at 38 times FY26E), implying 22 times Q1 FY27E enterprise value/Ebitda. Maintain Add..Click on the attachment to read the full report:.Galaxy Surfactant - Growth, Quality; Maintain Buy With A Target Price Of Rs 3,465: HDFC Securities.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Torrent Pharma - Focus On Branded Generics, Profitability: HDFC Securities

Its two plants Dahej and Bileshwarpura (oral onco) received the U.S. FDA clearance, and it expects launch momentum to start from Q1 FY25

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Torrent Pharma - Focus On Branded Generics, Profitability: HDFC Securities

Its two plants Dahej and Bileshwarpura (oral onco) received the U.S. FDA clearance, and it expects launch momentum to start from Q1 FY25

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