{"id":8682,"date":"2016-02-12T16:21:32","date_gmt":"2016-02-12T10:51:32","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=8682"},"modified":"2016-02-17T14:06:17","modified_gmt":"2016-02-17T08:36:17","slug":"natco-pharma-ltd","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/equities\/natco-pharma-ltd\/8682","title":{"rendered":"Natco Pharma Ltd."},"content":{"rendered":"<p style=\"text-align: justify;\">Natco Pharma Ltd. is a vertically integrated pharmaceutical company with\u00a0focus on niche therapeutic areas and complex products in Finished Dosage\u00a0Formulations (FDF) and Active Pharmaceutical Ingredients (APIs). Natco has six\u00a0manufacturing facilities spread across India with dedicated modern research\u00a0laboratories and capabilities in new drug development. The Company is a\u00a0leading player in India\u2019s generic oncology space.<\/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\/registration\/login.jsp?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><strong style=\"line-height: 1.5em;\">Valuation and View<\/strong><\/p>\n<p style=\"text-align: justify;\">We expect Natco\u2019s revenue and adj. PAT to grow at a CAGR of\u00a037.7% &amp; 51.6% respectively over FY15-18E. We further expect improvement in\u00a0operating margins by 880bps to 34.7% on account of key launches (more than\u00a050% of the filings in the pipeline are Para IV and FTF opportunities) in FY17E\u00a0and increased revenues from oncology and gSovaldi sales in domestic market.\u00a0Hence, we initiate Natco with BUY rating with a TP of Rs. 599 at 20x FY18E\u00a0earnings.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2016\/02\/Research-Report-Natco-pharma-Ltd..pdf\">Research Report Natco pharma 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>Natco Pharma Ltd. is a vertically integrated pharmaceutical company with\u00a0focus on niche therapeutic areas and complex products in Finished Dosage\u00a0Formulations (FDF) and Active Pharmaceutical Ingredients (APIs). Natco has six\u00a0manufacturing facilities spread across India with dedicated modern research\u00a0laboratories and capabilities in new drug development. The Company is a\u00a0leading player in India\u2019s generic oncology space. Open a [&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>Natco Pharma Ltd.<\/title>\n<meta name=\"description\" content=\"Find the latest research report on Natco Pharma 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\/natco-pharma-ltd\/8682\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Natco Pharma Ltd.\" \/>\n<meta property=\"og:description\" content=\"Find the latest research report on Natco Pharma Ltd. 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