Daily BriefsIndia

Daily Brief India: Marksans Pharma and more

In today’s briefing:

  • Marksans Pharma- Forensic Analysis


Marksans Pharma- Forensic Analysis

By Nitin Mangal

  • Marksans Pharma (MRKS IN) has done well in recent years, growing at 15.2% on a 5Y CAGR.  
  • The company has a good balance sheet, strong cash generation and also witnessed a recent uptick on the margins side. UK business especially has been the cash cow.
  • However, there are few impairment indicators; few subsidiaries are not audited while bad debts have appeared in the books lately. Company also has few disclosure issues.

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