Laurus Labs - Multiple Levers To Aid Growth Over Next Three Years: Motilal Oswal
Metformin pills move through a sorting machine at a Laurus Labs Ltd. pharmaceutical plant in Visakhapatnam, Andhra Pradesh, India. (Photographer: Sara Hylton/Bloomberg)

Laurus Labs - Multiple Levers To Aid Growth Over Next Three Years: Motilal Oswal

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Motilal Oswal Report

Laurus Labs Ltd. delivered in line performance in Q4 FY21, with highest ever quarterly sales/Ebitda/profit after tax.

Its capacity expansion program for formulation/ active pharmaceutical ingredient remains on track.

The company continues to make steady progress on building capability as well as capacity in the synthesis/biologics segment, which are additional growth levers for the next four to five years.

We raise our FY22E/FY23E earnings per share estimate by 6%, factoring in:

  1. benefit from debottlenecking exercise in finished dosage form,
  2. capacity build-up in the non-anti-retroviral segment,
  3. better prospects in the synthesis segment, and
  4. scale-up in the enzymes/biologics segment.

Click on the attachment to read the full report:

Motilal Oswal Laurus Labs Q4FY21 Result Review.pdf

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