Buy Cipla, target price Rs 1140: Emkay Global

Emkay Global has buy call on Cipla with a target price of Rs 1140. The current market price of Cipla Ltd. is Rs 1046.2.
Time period given by analyst is one year when Cipla Ltd. price can reach defined target.

Cipla Ltd., incorporated in the year 1935, is a Large Cap company (having a market cap of Rs 84224.86 Crore) operating in Pharmaceuticals sector.


Cipla Ltd. key Products/Revenue Segments include Pharmaceuticals, Other Operating Revenue, Export Incentives, Royalty Income and Scrap for the year ending 31-Mar-2021.


Financials
For the quarter ended 31-12-2021, the company has reported a Consolidated Total Income of Rs 5570.15 Crore, down -.18 % from last quarter Total Income of Rs 5580.47 Crore and up 5.98 % from last year same quarter Total Income of Rs 5255.63 Crore. Company has reported net profit after tax of Rs 758.95 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 36.11 per cent stake in the company as of 31-Dec-2021, while FIIs owned 28.01 per cent, DIIs 17.86 per cent.