859.7000 -3.45 (-0.40%)
NSE Aug 14, 2025 15:31 PM
Volume: 2.9M
 

logo
Laurus Labs Ltd.
15 Jul 2019, 05:23PM
859.70
-0.40%
HDFC Securities
Maintain BUY with a TP of Rs 515 (18x FY21E EPS). For Laurus Labs, FY19 was a landmark year in which it finally commenced ARV formulations (TLD) supplies to the Global Fund (GF) and has started to reap from the Rs 6-7bn investments made over the years for this segment. The company also turned around its EBITDA margin from 15% in 1QFY19 to 17% in 4QFY19 after facing severe price hikes (~60%) in a key raw material for the ARV API EMT, and partially overcoming it by way of backward integration and alternate sourcing. Overall, it achieved 11% YoY revenue growth, while APAT declined 32% driven by a 450bps contraction in EBITDA margin.
Laurus Labs Ltd. is trading above all available SMAs
More from Laurus Labs Ltd.
Recommended