BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
Alkem Laboratories Ltd. has built a decent platform for growth in the U.S. with its diversified manufacturing base (six Food and Drug Administration approved facilities including two in the U.S.), pipeline of approximately 90 abbreviated new drug applications (ANDAs) (only 50% commercialized) and front-end presence.
U.S. business targets 12-15 filings and approximately 10 launches per annum. This is likely to lead to Ebitda margin improvement of 180 basis points over FY20-22E and move closer to aspirational target of 20% Ebitda margins.
Moderating capex, compliant facilities and improving profitability in the U.S. is expected to boost free cash flow/Ebitda conversion rate at approximately 70% by FY22E.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint 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 brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.