Fundamental Result Update

Sanofi India Q2CY19 Result Update



We believe the insulin led products (Lantus/Toujeo) are expected to deliver the earnings for SIL over FY19-FY21e. Robust OTC products, marketing presence in India coupled with focus on and strong presence in the fastest growing segments make SIL amongst the best MNC pharma companies in India. However, a recovery in margins led by price hikes in key brands remains key to SIL’s bottom-line. At current levels, the stock is trading at rich valuations of 27.3x CY20E thus offers limited margin of safety. We have valued the stock at PE of 25x (27x earlier) to its CY20E EPS of 220, with a target price of Rs 5500 (vs Rs 5946 earlier). We have a REDUCE rating (vs HOLD earlier) on the stock with a downside of 8%


Tags: FundamentalResult Update


Search Reports

SEARCH

Reports

Daily Market Update...

Nifty opened higher traded...

Read More

Daily Market Update...

In coming trading session if...

Read More

Daily Market Update...

In coming trading session if...

Read More

Daily Market Update...

In coming trading session if...

Read More

Daily Market Update...

Nifty opened higher but was...

Read More

AxisCades Engg....

AXISCADES Engineering...

Read More

TCS Q2FY20 Result Update

TCS came out with poor set of...

Read More

INDUSIND BANK Q2FY20...

IndusInd Bank reported muted...

Read More

INFOSYS Q2FY20 Result...

Infosys reported good set of...

Read More

DMART

SHORT TERM TRADING CALL: BUY...

Read More

Subscribe to newsletter

Request a call back

DISCLAIMER: Investment in markets is subject to market risk, the views and investment tips expressed by our research entity on arihantcapital.com are product of their own. Whilst meticulous care has been taken to ensure that the facts stated are accurate and opinions given are fair and reasonable, neither the analyst nor any employee of our company is in any way is responsible for its contents and nor is its accuracy or completeness guaranteed. ArihantCapital.com offers the views and opinions for assistance only and these are not intended and must not be alone taken as the basis for an investment decision. We advise the users to check with certified experts before taking any investment decisions. The investments discussed in this material may not be suitable for all investors. The recipient alone shall be fully responsible/are liable for any decision taken on the basis of this material.