Visit Note by IndiaNivesh
We recently interacted with Granules India (GIL) management to understand the current business and outlook over next two‐three years. GIL is in the process of creating additional levers for growth in terms of increase in presence in regulated market, own ANDA filing, higher forward integration and enhanced synergy benefit from acquired entities. At CMP of Rs114, the stock is trading at 19.9x
FY16E EPS of Rs5.7 (Bloomberg consensus EPS) and 15.3x FY17E EPS of Rs7.4…
Granules India – Building additional levers for higher earnings growth …
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