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LAURUSLABS Consensus Forecast

No. of reports in last year
No. of analysts
Average Consensus Forecast
Consensus Potential

LAURUSLABS Price Target Potential

HDFC Securities471-16.16%

LAURUSLABS Targets in FrontPage Forums

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Long term LAURUSLABS rating by FrontPage users
5/5 (3 Ratings)

2 LAURUSLABS share price target reports by brokerages below. See what is analyst's view on LAURUSLABS share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
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LAURUSLABS Share Price Target

LAURUSLABS Share Price Target - Broker Reports - 2019

Price @ Call: 319.09
Target: 471
We maintain a BUY on Laurus despite poor operational performance in 1QFY20. After adjusting for lack of scale up in ARV APIs and buoyancy in formulation segment, we have cut our FY20/21E numbers by 5-8% to arrive at a TP of Rs 470/sh (18x FY21E EPS).Laurus is sitting on ~40% underutilized gross block (~Rs 0.9bn) spread across formulations, CRAMS and API segments. With a sharp jump witnessed in formulations and higher visibility of CRAMS orders for FY20, we are confident that the operating/ financial leverage story will unfold from FY20. Assuming formulations revenues/ EBITDA at US$ 85/ 25mn in FY21E, earnings are likely to grow 2.5x over FY19-21E. With all four ARV formulation approvals (TLD, TLE 400, TLE 600, TEE) in place by 1HFY21, addressing >US$ 1.2bn opportunity, the estimates could be breached easily. Maintain BUY.
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Price @ Call: 347.45
Target: 515
Laurus has a high visibility on the offtake in formulations to continue over FY20 with orders in hand for third-party contracts in EU, 3 approvals in the US, and supplies to GF. It expects approvals for TLE/TEE in CY19. With 8-10 yearly ANDA filings, Laurus is likely to achieve a similar no. of approvals, which will boost US revenues. On the margins front, ramp up in formulations will drive gross margin and oplev. We expect a 14/38/63% revenue/EBITDA/PAT CAGR over FY19-21E (low base). Maintain BUY with a TP of Rs 515 (18x FY21E EPS).
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Price @ Call: 346.52
Target: 430
We expect strong volume growth in oncology and other API segments, given the ongoing supply issues in the API industry. We also expect continued growth in other segments, particularly synthesis, which should grow at 25% CAGR from FY19-21. We continue to see value in the stock, with the recent ARV formulation supplies to Global Fund and strong ramp-up in synthesis providing visibility on growth, given pressures in EFV API. BUY; fair value Rs.430, based on ~15X FY21E EPS.
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Price @ Call: 397.85
Target: 470
We maintain our earnings estimates for FY20/21E. We remain positive on LAURUS as we expect 55% earnings CAGR over FY19-21, backed by incremental formulation business, addition of new molecules in the API category, and strong momentum in the synthesis segment. We continue to value LAURUS at 18x 12M forward earnings to arrive at price target of INR470 (unchanged). Re-iterate BUY.
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Price @ Call: 388.2
Target: 417
India imports around 60% of Active Pharmaceutical Ingredients - raw materials required to make finished drugs from China on volume basis. This is despite the cost of manufacturing of APIs being similar in India as well as China. It is estimated that around US$ 40bn worth of drugs in the US and US$ 25bn worth of drugs in Europe will be going off patent (series of patent expirations of important prescription drugs) in the coming years. Thus, we feel that the factors augur well for players like Hikal, Laurus labs, Granules, Dishman Carbogen (DCAL) etc. We have recommended buy on Hikal and Laurus labs with TP of Rs 218 and Rs 478 over the next 4 quarters, respectively.
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Price @ Call: 404.5
Target: 470
There has been a sharp deceleration in Laurus’ earnings trajectory over FY16-19E (11% compounded decline), led by increased competition in the Hep-C business, incremental overhead costs associated with the formulation business, raw material price hike due to stringent pollution norms in China and moderate growth in the ARV-API business. We expect earnings growth to revive over FY19-21 with contracts in place for formulations and addition of new molecules for the API business. We expect 69% earnings CAGR over FY19-21E to INR2.6b. We value Laurus at 18x 12M forward earnings (to factor in forward integration and strong growth in earnings) and arrive at a target price of INR470. We resume a Buy rating on the stock.
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Price @ Call: 407.96
Target: 535
Overall, we estimate 12/42/88% rev/EBITDA/earnings CAGR over FY19-21E. The stock is currently trading at attractive valuations of 22.6/13.5x FY20/21E EPS. We maintain BUY with a TP of Rs 535 (18x FY21E EPS). Refer our Jan-19 IC note for further details.
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Price @ Call: 351.2
Target: 480
Price @ Call: 373.91
Target: 480

LAURUSLABS Share Price Target - Broker Reports - 2018

Price @ Call: 469
Target: 552
Price @ Call: 485.8
Target: 586
Price @ Call: 533.7
Target: 613
Price @ Call: 515.54
Target: 613
Price @ Call: 538.09
Target: 651

LAURUSLABS Share Price Target - Broker Reports - 2017

Price @ Call: 521.5
Target: 633
Price @ Call: 526
Target: 570
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  • LAURUSLABS Share Price Target Today- Technical Pivot Points (Classic)

    Upside Target 3573.93
    Upside Target 2561.97
    Upside Target 1554.53
    Downside Target 1535.13
    Downside Target 2523.17
    Downside Target 3515.73
  • LAURUSLABS Share Price Target weekly- Technical Pivot Points (Classic)

    Upside Target 3576.57
    Upside Target 2557.28
    Upside Target 1543.67
    Downside Target 1510.77
    Downside Target 2491.48
    Downside Target 3477.87
  • LAURUSLABS Share Price Target monthly- Technical Pivot Points (Classic)

    Upside Target 3711.17
    Upside Target 2649.48
    Upside Target 1584.47
    Downside Target 1457.77
    Downside Target 2396.08
    Downside Target 3331.07
  • LAURUSLABS Share Price Target today- Technical Pivot Points (Fibonacci)

    Upside Target 3561.97
    Upside Target 2554.56
    Upside Target 1549.98
    Downside Target 1535.16
    Downside Target 2530.58
    Downside Target 3523.17
  • LAURUSLABS Share Price Target weekly- Technical Pivot Points (Fibonacci)

    Upside Target 3557.28
    Upside Target 2544.72
    Upside Target 1536.95
    Downside Target 1511.82
    Downside Target 2504.05
    Downside Target 3491.48
  • LAURUSLABS Share Price Target monthly- Technical Pivot Points (Fibonacci)

    Upside Target 3649.48
    Upside Target 2601.08
    Upside Target 1571.18
    Downside Target 1474.38
    Downside Target 2444.48
    Downside Target 3396.08
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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