S.No. Name CMP Rs. No. Eq. Shares Cr.

Market Cap
1 Mankind pharma 1,765 4006.00 7070590.00
2 Cipla Ltd. 1164.30 8072.00 9398229.60
3 torrent pharmaceuticals ltd. 1870.00 3371.71 6305099.57
Debt Rs.Cr. Cash End Rs.Cr. EV Sales Rs.Cr. EBITDA NP 12M Rs.Cr.
158721.00 13413.33 7215897.67 812715.00 1845971.43 124825.80
295838.00 2948.00 9691119.60 1579060.00 406347.00 251347.00
641597.00 6221.00 6940475.57 777708.00 254704.00 105139.00
 Muskan namrata
Group yamini purohit
ishan aggarwal pgfc2227 sharma thakur rishu garg
members pgfc2261
pgfc2235 pgfc2236 pgsf2245

Amount in lakhs.
Comparable Company Valuation

Market Data

Shares
Company Ticker Share Price Outstanding Equity Value

Mankind pharma 1765.00 4006.00 7070590.00

Cipla Ltd. 1164.30 8072.00 9398229.60
torrent pharmaceuticals ltd. 1870.00 3371.71 6305099.57

High

75th Percentile
Average
Median

25th Percentile
Low

Cipla Comparable Valuation

Implied Enterprise Value

Net Debt
Implied Market Value
Shares Outstanding

Implied Value per Share

Market Data Financials

Enterprise
Net Debt Value Revenue EBITDA Net Income

145307.67 7215897.67 812715.00 1845971.43 124825.80

292890.00 9691119.60 1579060.00 406347.00 251347.00
635376.00 6940475.57 777708.00 254704.00 105139.00
 Valuation

EV/Revenue EV/EBITDA P/E

8.88 3.91 56.64

6.14 23.85 37.39
8.92 27.25 59.97

8.92 27.25 59.97

8.9015122969 25.549275406 58.306419082

7.98 18.34 51.33
8.88 23.85 56.64

7.5080133287 13.879183308 47.017555926

6.14 3.91 37.39

EV/Revenue EV/EBITDA P/E

7,215,898 172,094,607 7,215,898

145307.67 145307.67 145307.67
7,070,590 171,949,300 7,070,590
4006.00 4006.00 4006.00

1765.00 42922.94 1765.00

OVERVALUED UNDERVALUED OVERVALUED