Strides Pharma Science Ltd., incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 4743.50 Crore) operating in Pharmaceuticals sector.
Financials
For the quarter ended 30-06-2020, the company has reported a Consolidated sales of Rs 781.80 Crore, up 26.37 % from last quarter Sales of Rs 618.64 Crore and up 14.00 % from last year same quarter Sales of Rs 685.80 Crore Company has reported net profit after tax of Rs 122.80 Crore in latest quarter.
Investment Rationale
The brokerage expects a strong 72% earnings CAGR over FY20–22, led by a 23% sales CAGR in Other Regulated and a 52% sales CAGR in Emerging Markets, supported by 140bp margin expansion.
Promoter/FII Holdings
Promoters held 29.7 per cent stake in the company as of June 30, 2020, while FIIs held 26.8 per cent, DIIs 19.4 per cent and public and others 24.1 per cent.
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