{"id":7787,"date":"2015-07-02T16:56:58","date_gmt":"2015-07-02T11:26:58","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=7787"},"modified":"2015-07-02T17:25:24","modified_gmt":"2015-07-02T11:55:24","slug":"sun-pharmaceuticals-industries-ltd","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/equities\/sun-pharmaceuticals-industries-ltd\/7787","title":{"rendered":"Sun Pharmaceuticals Industries Ltd."},"content":{"rendered":"<p style=\"text-align: justify;\">Sun Pharma enjoys the status of being the fifth largest pharma company in the world and the largest generic drug maker in India. With the market cap of more than `2 trillion, the company has presence spanning across 150 countries across branded and generic markets. Sun Pharma is having a strong product pipeline in the US market, with 159 products fillings awaiting USFDA approval. Overall, the company has filled for 1,598 patents, while revived patents approval of 951 till FY15. Ranbaxy acquisition marked the biggest takeover for Sun Pharma. In the near-term integration issues will surround the company to some extent. However, consistent outperformance in the domestic market with market share gains and high profitability reflect management\u2019s execution capability (and product selection skills).<\/p>\n<p><strong>Valuation and view<\/strong><\/p>\n<p style=\"text-align: justify;\">Ranbaxy acquisition marked the biggest takeover for Sun\u00a0Pharma. In the near-term integration issues will surround\u00a0the company to some extent. However, consistent\u00a0outperformance in the domestic market with market share\u00a0gains and high profitability reflect management\u2019s execution\u00a0capability (and product selection skills). Identification of\u00a0value-accretive assets and integrating them successfully has\u00a0been one of the cornerstones of the company\u2019s success. So\u00a0we believe that the company will be able to turnaround its\u00a0profitability in the future.<\/p>\n<div class=\"blog-highlight\" style=\"clear: both; background: #2baae2; border: none; width: 60%; text-align: center; box-shadow: 0 5px 5px rgba(0, 0, 0, 0.5);\"><a style=\"text-decoration: none;\" href=\"http:\/\/www.fundsindia.com\/content\/jsp\/LP\/equity\/equities1.do?ref=blog-button\" target=\"_blank\"> <span style=\"color: #fff; font-weight: bold;\">Open<\/span> <span style=\"color: #fff; font-weight: bold; text-decoration: none;\"> a FREE Account Now! <\/span><\/a><\/div>\n<p>At a current market price (CMP) of Rs 867, the stock trades at\u00a0a P\/E of 17.5x FY16E and 11.2x FY17E. We recommend \u2018BUY\u2019\u00a0with a target price of Rs 1,010, which implies potential upside\u00a0of ~17% to the CMP from long term perspective.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2015\/07\/Research-Report-Sun-Pharmaceuticals-Industries-Ltd.pdf\">Research Report Sun Pharmaceuticals Industries Ltd<\/a><\/p>\n<p style=\"text-align: justify;\"><i>Investments in equity shares, debentures, etc., are not obligations of, or guaranteed by Wealth India Financial Services Pvt. Ltd., and are subject to investment risks.\u00a0<a href=\"http:\/\/pages.fundsindia.com\/pages\/disclaimer-equities\/\">Click here<\/a>\u00a0to read our full disclaimer.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sun Pharma enjoys the status of being the fifth largest pharma company in the world and the largest generic drug maker in India. With the market cap of more than `2 trillion, the company has presence spanning across 150 countries across branded and generic markets. Sun Pharma is having a strong product pipeline in the [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sun Pharmaceuticals Industries Ltd.<\/title>\n<meta name=\"description\" content=\"Find the latest research report on Sun Pharmaceuticals Industries Ltd. On FundsIndia MarketPlace.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fundsindia.com\/blog\/equities\/sun-pharmaceuticals-industries-ltd\/7787\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sun Pharmaceuticals Industries Ltd.\" \/>\n<meta property=\"og:description\" content=\"Find the latest research report on Sun Pharmaceuticals Industries Ltd. 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