Shilpa Medicare - Performance To Remain Steady With US FDA Resolution Key To Faster Growth: ICICI Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Shilpa Medicare Ltd.'s gross margins declined in Q1 FY23 due to pricing pressures in both active pharma ingredient and formulation segments. Company is proactively working on process changes, backward integration of intermediates and increasing scale of operations to improve cost efficiencies and enhance margin profile. In the API business, company intends to continue its focus on oncology molecules while reducing its dependence on niche non-onco molecules. Shilpa Medicare has set up a dedicated block (including research and development and production blocks). It intends to complete six molecules (two in FY23 and four in FY24) for the exhibit batches. Company is working on specialised polymers and believes there is enough opportunity to grow in the segment..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Shilpa Medicare - Performance To Remain Steady With US FDA Resolution Key To Faster Growth: ICICI Securities

Shilpa Medicare - Performance To Remain Steady With US FDA Resolution Key To Faster Growth: ICICI Securities

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