This report provides an analysis of the Indian pharmaceutical company Cipla Ltd. Key highlights include: - For the annual period ending March 2012, Cipla reported a 17.03% increase in net profit and 22.24% increase in EBITDA compared to the previous year. - For the quarter ending September 2012, Cipla reported net profit growth of 500.01% and EBITDA growth of 741.09% over the same quarter of the previous year. - Cipla has a market capitalization of Rs. 31378.15 crores and the stock is currently trading at Rs. 390.80 per share.

1. Compnay Analysis Report
Cipla Ltd
Prepared and Edited By-
MY MONEY GURUKUL
Disclaimer
The information, opinions, estimates and forecasts contained in this document have been arrived at or obtained from public sources
believed to be reliable and in good faith which has not been independently verified and no warranty, express or implied, is made as
to their accuracy, completeness or correctness.

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Cipla Ltd
Table of Contains
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Cipla Ltd
Latest Results
Annual Quarterly TTM
Results
March ' 12 Growth September ' 12 Growth September ' 12 Growth
EBDITA 1677.17 22.24 741.09 741.09 2120.62 15.16
Reported Net Profit 1123.96 17.03 500.01 500.01 1462.42 15.03
Adjusted PAT 1106.46 10.79 500.01 500.01 1462.42 15.03
Compney at a Glance
Industry Pharmaceuticals Share Holding
General
Business Group Cipla Group Public
Promoter
7%
37%
Others
Face Vale 2.00 10%
Current Price 390.80
FII's
Market Cap(Rs. In Cr) 31378.15 21% BFI MF
7% 6%
ROE Analysis
Particulars March ' 08 March ' 09 March ' 09 March ' 11 March ' 12
Reported PAT / PBT 0.91 0.69 0.69 0.85 0.80
Adjusted PAT / PBT 0.82 0.89 0.89 0.83 0.79
PBT / PBIT 0.98 0.96 0.96 0.99 0.99
PBIT / Sales 0.19 0.23 0.23 0.18 0.20
Sales / Total Assets 0.73 0.76 0.76 0.65 0.78
Total Assets / Net Worth 1.53 1.58 1.58 1.47 1.19
Reported ROE 19% 18% 18% 14% 15%
Adjusted ROE 17% 24% 24% 14% 15%
2.00 20%
30%
ROE Factors ROE
1.50 15% Reported ROE
20%
1.00 10% Adjusted ROE
10%
0.50 5%
0.00 0% 0%
March ' 08
March ' 09
March ' 10
March ' 11
March ' 12
March ' 08 March ' 09 March ' 10 March ' 11 March ' 12
Reported ROE Reported PAT / PBT PBT / PBIT
PBIT / Sales Sales / Total Assets Total Assets / Net Worth
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Cipla Ltd
Income Statement
Particulars (Rs. In Cr) March ' 08 March ' 09 March ' 10 March ' 11 March ' 12
Operating Income 4203.29 5234.29 5234.29 6319.35 6977.5
Operating Expenses
Material Consumed 2121.11 2399.56 2399.56 2960.16 2915.19
Manufacturing Expenses 330.80 354.36 354.36 434.50 447.74
Personnel Expenses 255.45 271.33 271.33 464.20 644.79
Selling Expenses 284.63 375.59 375.59 385.53 464.87
Adminstrative Expenses 359.13 588.61 588.61 793.64 907.19
Expenses Capitalised 0.00 0.00 0.00 0.00 0.00
Total Operating Expenses 3351.12 3989.45 3989.45 5038.03 5379.78
Operating Profit 852.17 1244.84 1244.84 1281.32 1597.72
Other Income 64.91 90.05 90.05 90.67 79.45
EBDITA 917.08 1334.89 1334.89 1371.99 1677.17
Depreciation 130.68 151.79 151.79 228.86 261.08
Other Write offs 0.00 0.00 0.00 0.00 0.00
EBIT 786.40 1183.10 1183.10 1143.13 1416.09
EBT 768.35 1130.87 1130.87 1132.26 1403.96
Income Tax 136.93 124.50 124.50 191.00 297.50
Adjusted PAT 631.42 1006.37 1006.37 941.26 1106.46
Non Recurring Items 70.01 -229.56 -229.56 19.13 17.05
Other Non Cash adjustments 0.00 0.00 0.00 0.00 0.45
Reported Net Profit 701.43 776.81 776.81 960.39 1123.96
Equity Dividend 155.46 155.46 155.46 224.81 160.58
Preference Dividend 0.00 0.00 0.00 0.00 0.00
Dividend Tax 26.42 26.42 26.42 36.72 26.05
Retained Earnings 519.55 594.93 594.93 698.86 937.33
8000 30%
Operating Income & Growth Expenses break up-% of sales
Total Operating Expenses
7000
25%
6000
Depreciation 16%
20%
5000
4%
4000 15% Other Write offs
0%
3000
10% 4%
2000 Interest
5%
1000
Income Tax
0 0% 76%
March ' 08 March ' 09 March ' 10 March ' 11 March ' 12
Adjusted PAT
Operating Income Growth
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Cipla Ltd
2000 Net Profit & Growth(%)
Profit Levels 1200 50%
1000 40%
1500
30%
800
20%
1000 600
10%
400
0%
500
200 -10%
0
0 -20%
March ' 08 March ' 09 March ' 10 March ' 11 March ' 12 March ' March ' March ' March ' March '
Operating Profit EBDITA EBIT EBT Adjusted PAT 08 09 10 11 12
Reported Net Profit Growth
Balance Sheet
Particulars (Rs. In Cr) March ' 08 March ' 09 March ' 09 March ' 11 March ' 12
SOURCES OF FUNDS
Owner's Fund
Equity Share Capital 155.46 155.46 155.46 160.58 160.58
Share Application Money 0.00 0.00 0.00 0.00 0.00
Preference Share Capital 0.00 0.00 0.00 0.00 0.00
Reserves & Surplus 3591.39 4186.32 4186.32 6443.40 7380.73
Total Owners fund 3746.85 4341.78 4341.78 6603.98 7541.31
Loan Funds
Secured Loans 16.98 2.79 2.79 2.95 10.00
Unsecured Loans 563.55 937.45 937.45 438.44 2.20
Total Loan fund 580.53 940.24 940.24 441.39 12.20
Total 4327.38 5282.02 5282.02 7045.37 7553.51
USES OF FUNDS
Fixed Assets
Gross Block 2201.79 2693.29 2693.29 3929.00 4298.18
Less : Revaluation Reserve 8.97 8.97 8.97 8.97 8.97
Less : Accumulated Depreciation 540.43 700.80 700.80 1060.98 1295.52
Net Block 1652.39 1983.52 1983.52 2859.05 2993.69
Capital Work-in-progress 233.12 366.32 366.32 253.07 420.73
Investments 94.75 81.32 81.32 570.28 1035.15
Net Current Assets
Current Assets, Loans & Advances 3743.98 4419.57 4419.57 6022.56 4535.25
Less : Current Liabilities & Provisions 1396.86 1568.71 1568.71 2659.59 1431.31
Total Net Current Assets 2347.12 2850.86 2850.86 3362.97 3103.94
Miscellaneous expenses not written 0.00 0.00 0.00 0.00 0.00
Total 4327.38 5282.02 5282.02 7045.37 7553.51
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Cipla Ltd
Note : Balance Sheet
Book Value of Unquoted Investments 94.75 81.32 81.32 570.28 1034.79
Market Value of Quoted Investments 0.00 0.00 0.00 0.00 0
Contingent liabilities 1664.58 730.75 730.75 478.26 608.8
Number of Equity shares outstanding (in Lacs) 7772.91 7772.91 7772.91 8029.21 8029.21
Capital Structure Application of Capital
0%
6% 2012 Total Net
Current Net Block
Assets 40%
2011 41%
Capital Work-
Investments
in-progress
5% 14%
94%
100%
Total Owners fund Total Loan fund
Cash Flow Statement
Particulars (Rs. In Cr) March ' 08 March ' 09 March ' 10 March ' 11 March ' 12
Profit Before Tax 838.36 901.31 1324.99 1151.39 1421.46
Net CashFlow-Operating Activity 380.20 373.27 1041.68 987.49 1645.09
Net Cash Used In Investing Activity -687.25 -578.47 -562.23 -1136.26 -1046.78
NetCash Used in Fin. Activity 254.84 178.92 -471.61 172.06 -627.23
Net Inc/Dec In Cash And Equivlnt -52.21 -26.28 7.84 23.29 -28.92
Cash And Equivalnt Begin of Year 131.49 79.28 53.00 60.84 83.98
Cash And Equivalnt End Of Year 79.28 53.00 60.84 84.13 55.06
Net Cash Flow Increase & Decrease in Cash (Rs in Cr)
172 -60 -40 -20 0 20 40
255 179
March ' 12
1,042 1,645
987
380 373
March ' 11
March ' 10
-562 -1,047
-687 -578 -1,136
March ' 09
-472 -627
March ' 08
Net CashFlow-Operating Activity Net Cash Used In Investing Activity
NetCash Used in Fin. Activity Net Inc/Dec In Cash And Equivlnt
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Cipla Ltd
Quarterly Result : Income Statement
Particulars (Rs. In Cr) September ' 11 December ' 11 December ' 11 June ' 12 September ' 12
Net sales 1731.83 1711.47 1711.47 1917.38 2145.87
Other Operating Income 46.19 46.53 46.53 40.81 45.97
Total Operating Income 1778.02 1758.00 1758.00 1958.19 2191.84
Increase/Decrease of stock 18.85 -31.26 -31.26 29.87 -50.89
Raw Materials Consumption 559.36 611.01 611.01 550.70 655.68
Other Purchases 133.44 135.53 135.53 151.85 183.81
Power and Fuel 0.00 0.00 0.00 0.00 0.00
Employees Cost 187.49 187.47 187.47 213.00 242.61
Total Operating Expenses 899.14 902.75 902.75 945.42 1031.21
Operating Profit 878.88 855.25 855.25 1012.77 1160.63
Other Income 24.31 30.16 30.16 53.06 64.14
R&D Expenses 0.00 0.00 0.00 0.00 0.00
Other Expenses 441.27 536.52 536.52 472.92 483.68
Total Other Expenses 441.27 536.52 536.52 472.92 483.68
EBITDA 461.92 348.89 348.89 592.91 741.09
Depreciation 65.62 75.74 75.74 72.82 73.96
Provision and contingencies 0.00 0.00 0.00 0.00 0.00
EBIT 396.30 273.15 273.15 520.09 667.13
Interest 2.38 3.24 3.24 1.09 5.36
EBT 393.92 269.91 269.91 519.00 661.77
Tax 84.95 0.00 0.00 118.24 161.76
PAT 308.97 269.91 269.91 400.76 500.01
Quarterly Profit Levels 2,500
Quarterly Net sales 2,146
2,000 1,917
1,732 1,711 1,711
1,500
1,000
500
September ' December ' 11 March ' 12 June ' 12 September ' 0
11 12 September ' 11 ecember ' 11
D December ' 11 June ' 12 September ' 12
EBITDA EBIT EBT Reported PAT
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Cipla Ltd
Growth Analysis : Income Statement
Particulars (%) March ' 09 March ' 10 March ' 11 March ' 12 Average Growth CAGR
Operating Income 24.53 7.10 7.10 10.41 11.86 10.67
Total Operating Expenses 19.05 5.90 5.90 6.78 11.57 9.93
Operating Profit 46.08 10.93 10.93 24.69 14.51 13.40
Other Income 38.73 4.62 4.62 -12.37 -1.28 4.13
EBDITA 45.56 10.51 10.51 22.24 13.46 12.83
Depreciation 16.15 8.87 8.87 14.08 20.57 14.85
EBIT 50.45 10.72 10.72 23.88 12.92 12.48
Interest 189.36 -45.82 -45.82 11.59 -4.07 -7.64
EBT 47.18 13.33 13.33 24.00 13.49 12.81
Adjusted PAT 59.38 3.15 3.15 17.55 10.79 11.87
Reported Net Profit 10.75 39.22 39.22 17.03 12.37 9.89
Equity Dividend 0.00 3.29 3.29 -28.57 1.23 0.65
Preference Dividend 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Tax 0.00 0.95 0.95 -29.06 -0.13 -0.28
Retained Earnings 14.51 50.31 50.31 34.12 18.61 12.53
70.00 Growth Factors(%) 16 5 Years CAGR(%)
60.00 14
50.00 12
40.00 10
30.00 8
20.00 6
10.00 4
0.00
2
0
-10.00
OperatingTotal Operating Expenses Profit
Income Operating EBT Retained Earnings
-20.00
Total Operating Expenses EBDITA EBT Adjusted PAT
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Cipla Ltd
Comparative Analysis : Income Statement
Particulars (%) March ' 08 March ' 09 March ' 10 March ' 11 March ' 12
Operating Income 100.00 100.00 100.00 100.00 100.00
Total Operating Expenses 79.73 76.22 76.22 79.72 77.10
Operating Profit 20.27 23.78 23.78 20.28 22.90
Other Income 1.54 1.72 1.72 1.43 1.14
EBDITA 21.82 25.50 25.50 21.71 24.04
Depreciation 3.11 2.90 2.90 3.62 3.74
Other Write offs 0.00 0.00 0.00 0.00 0.00
EBIT 18.71 22.60 22.60 18.09 20.30
Interest 0.43 1.00 1.00 0.17 0.17
EBT 18.28 21.61 21.61 17.92 20.12
Income Tax 3.26 2.38 2.38 3.02 4.26
Adjusted PAT 15.02 19.23 19.23 14.89 15.86
Reported Net Profit 16.69 14.84 14.84 15.20 16.11
Comparative Analysis : Balance Sheet
Particulars (%) March ' 08 March ' 09 March ' 09 March ' 11 March ' 12
SOURCES OF FUNDS
Equity Share Capital 3.59 2.94 2.72 2.28 2.13
Share Application Money 0.00 0.00 0.00 0.00 0.00
Preference Share Capital 0.00 0.00 0.00 0.00 0.00
Reserves & Surplus 82.99 79.26 97.20 91.46 97.71
Total Owners fund 86.58 82.20 99.91 93.74 99.84
Secured Loans 0.39 0.05 0.01 0.04 0.13
Unsecured Loans 13.02 17.75 0.08 6.22 0.03
Total Loan fund 13.42 17.80 0.09 6.26 0.16
Total 100.00 100.00 100.00 100.00 100.00
USES OF FUNDS
Fixed Assets
Gross Block 50.88 50.99 48.99 55.77 56.90
Less : Revaluation Reserve 0.21 0.17 0.15 0.13 0.12
Less : Accumulated Depreciation 12.49 13.27 14.96 15.06 17.15
Net Block 38.18 37.55 33.88 40.58 39.63
Capital Work-in-progress 5.39 6.94 11.58 3.59 5.57
Investments 2.19 1.54 4.49 8.09 13.70
Net Current Assets
Current Assets, Loans & Advances 86.52 83.67 92.78 85.48 60.04
Less : Current Liabilities & Provisions 32.28 29.70 42.72 37.75 18.95
Total Net Current Assets 54.24 53.97 50.06 47.73 41.09
Miscellaneous expenses not written 0.00 0.00 0.00 0.00 0.00
Total 100.00 100.00 100.00 100.00 100.00
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Cipla Ltd
Index Analysis : Income Statement
Particulars (%) March ' 08 March ' 09 March ' 10 March ' 11 March ' 12
Operating Income 100.00 124.53 133.36 150.34 166.00
Total Operating Expenses 100.00 119.05 126.07 150.34 160.54
Operating Profit 100.00 146.08 162.05 150.36 187.49
Other Income 100.00 138.73 145.14 139.69 122.40
EBDITA 100.00 145.56 160.85 149.60 182.88
Depreciation 100.00 116.15 126.45 175.13 199.79
Other Write offs 0.00 0.00 0.00 0.00 0.00
EBIT 100.00 150.45 166.57 145.36 180.07
Interest 100.00 289.36 156.79 60.22 67.20
EBT 100.00 147.18 166.80 147.36 182.72
Income Tax 100.00 90.92 177.83 139.49 217.26
Adjusted PAT 100.00 159.38 164.41 149.07 175.23
Reported Net Profit 100.00 110.75 154.18 136.92 160.24
Index Analysis : Balance Sheet
Particulars (%) March ' 08 March ' 09 March ' 09 March ' 11 March ' 12
SOURCES OF FUNDS
Equity Share Capital 100.00 100.00 103.29 103.29 103.29
Share Application Money 0.00 0.00 0.00 0.00 0.00
Preference Share Capital 0.00 0.00 0.00 0.00 0.00
Reserves & Surplus 100.00 116.57 159.95 179.41 205.51
Total Owners fund 100.00 115.88 157.60 176.25 201.27
Secured Loans 100.00 16.43 2.41 17.37 58.89
Unsecured Loans 100.00 166.35 0.83 77.80 0.39
Total Loan fund 100.00 161.96 0.87 76.03 2.10
Total 100.00 122.06 136.58 162.81 174.55
USES OF FUNDS
Fixed Assets
Gross Block 100.00 122.32 131.50 178.45 195.21
Less : Revaluation Reserve 100.00 100.00 100.00 100.00 100.00
Less : Accumulated Depreciation 100.00 129.67 163.62 196.32 239.72
Net Block 100.00 120.04 121.17 173.03 181.17
Capital Work-in-progress 100.00 157.14 293.51 108.56 180.48
Investments 100.00 85.83 279.79 601.88 1092.51
Net Current Assets
Current Assets, Loans & Advances 100.00 118.04 146.46 160.86 121.13
Less : Current Liabilities & Provisions 100.00 112.30 180.75 190.40 102.47
Total Net Current Assets 100.00 121.46 126.05 143.28 132.24
Miscellaneous expenses not written 0.00 0.00 0.00 0.00 0.00
Total 100.00 122.06 136.58 162.81 174.55
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Cipla Ltd
Ratio Analysis : Yearly
Particulars (%) March ' 08 March ' 09 March ' 10 March ' 11 March ' 12
PER SHARE RATIOS
Adjusted E P S (Rs.) 8.12 12.95 12.93 11.72 13.78
Adjusted Cash EPS (Rs.) 9.8 14.9 14.99 14.57 17.03
Reported EPS (Rs.) 9.02 9.99 13.47 11.96 14
Reported Cash EPS (Rs.) 10.71 11.95 15.53 14.81 17.25
Operating Profit Per Share (Rs.) 10.96 16.02 17.2 15.96 19.9
Book Value(Excl Rev Res)Per Share(Rs) 48.2 55.86 73.55 82.25 93.93
Book Value (Incl Rev Res)Per Share(Rs) 48.32 55.97 73.66 82.36 94.04
Net Operating Income Per Share(Rs) 54.08 67.34 69.82 78.7 86.9
Free Reserves Per Share (Rs.) 46.2 53.86 71.54 80.25 91.92
PROFITABILITY RATIOS
Operating Margin (%) 20.27 23.78 24.63 20.27 22.89
Gross Profit Margin (%) 17.16 20.88 21.68 16.65 19.15
Net Profit Margin (%) 16.43 14.58 18.97 14.98 15.92
Adjusted Cash Margin (%) 17.85 21.75 21.11 18.25 19.37
Adjusted Return On Net Worth (%) 16.85 23.17 17.57 14.25 14.67
Reported Return On Net Worth (%) 18.72 17.89 18.31 14.54 14.9
Return On long Term Funds (%) 18.24 26.79 22.16 17.29 18.77
LEVERAGE RATIOS
Long Term Debt / Equity 0.15 0.01 0 0 0
Total Debt/Equity 0.15 0.21 0 0.06 0
Owners fund as % of total Source 86.58 82.19 99.91 93.73 99.83
Fixed Assets Turnover Ratio 1.91 1.94 1.94 1.61 0.95
LIQUIDITY RATIOS
Current Ratio 2.68 2.82 2.17 2.26 3.17
Current Ratio (Inc. ST Loans) 2.62 1.81 2.17 1.94 3.12
Quick Ratio 1.88 1.93 1.57 1.56 1.89
Inventory Turnover Ratio 3.83 3.79 4.18 3.73 3.88
PAYOUT RATIOS
Dividend payout Ratio (Net Profit) 25.92 23.41 17.31 27.23 16.6
Dividend payout Ratio (Cash Profit) 21.85 19.58 15.01 21.99 13.47
Earning Retention Ratio 71.2 81.93 81.97 72.22 83.14
Cash Earnings Retention Ratio 76.14 84.3 84.44 77.65 86.36
COVERAGE RATIOS
Adjusted Cash Flow Time Total Debt 0.76 0.81 0 0.37 0.01
Financial Charges Coverage Ratio 50.81 25.56 52.13 126.2 138.27
Fin. Charges Cov.Ratio (Post Tax) 47.1 18.78 45.05 110.4 115.18
COMPONENT RATIOS
Material Cost Component(% earnings) 51.44 48.01 47.94 48.83 41.61
Selling Cost Component 6.77 7.17 5.82 6.1 6.66
Long term assets / Total Assets 0.34 0.35 0.34 0.37 0.49
Bonus Component In Equity Capital(%) 97.55 97.55 94.44 94.44 94.44
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Cipla Ltd
Per Share Ratio Profit Margin
March ' 08 March ' 09 March ' 10 March ' 11 March ' 12
Net Operating Income Per Share(Rs) March ' 08 March ' 09 March ' 10 March ' 11 March ' 12
Adjusted E P S (Rs.) Net Profit Margin (%) Operating Margin (%)
Adjusted Cash EPS (Rs.)
Dividend Per Share Adjusted Return On Net Worth (%) Return On long Term Funds (%)
Book Value (Incl Rev Res)Per Share(Rs)
Liquidity Ratio Quarterly Profit Margin
March ' 08 March ' 09 March ' 10 March ' 11 March ' 12 September ' 11 December ' 11 March ' 12 June ' 12 September ' 12
Current Ratio Quick Ratio Operating Profit Margin EBIT Margin
PAT Margin EBITDA Margin
Ratio Analysis : Quarterly
Particulars (%) September ' 11 December ' 11 March ' 12 June ' 12 September ' 12
PER SHARE RATIOS
Operating Income Per Share(Rs.) 22.14 21.90 23.24 24.39 27.30
Operating Profit Per Share(Rs.) 10.95 10.65 11.35 12.61 14.46
Adjusted EPS(Rs.) 3.85 3.36 3.63 4.99 6.23
PROFITABILITY RATIOS
Operating Profit Margin 49.43 48.65 48.84 51.72 52.95
EBITDA Margin 25.98 19.85 23.46 30.28 33.81
EBIT Margin 22.29 15.54 19.69 26.56 30.44
PAT Margin 17.38 15.35 15.64 20.47 22.81
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Cipla Ltd
TTM Analysis
Particulars (Rs in Cr) June ' 12 % of Sales September ' 12 % of Sales Growth(%)
Net sales 7174.73 97.49 7588.77 97.62 5.77
Other Operating Income 185.05 2.51 184.83 2.38 -0.12
Total Operating Income 7359.78 100.00 7773.60 100.00 5.62
Increase/Decrease of stock 49.36 0.67 -20.38 -0.26 -141.29
Raw Materials Consumption 2344.22 31.85 2440.54 31.40 4.11
Other Purchases 538.25 7.31 588.62 7.57 9.36
Power and Fuel 0.00 0.00 0.00 0.00 NA
Employees Cost 769.98 10.46 825.10 10.61 7.16
Total Operating Expenses 3701.81 50.30 3833.88 49.32 3.57
Operating Profit 3657.97 49.70 3939.72 50.68 7.70
Other Income 146.48 1.99 186.31 2.40 27.19
R&D Expenses 0.00 0.00 0.00 0.00 NA
Other Expenses 1963.00 26.67 2005.41 25.80 2.16
Total Other Expenses 1963.00 26.67 2005.41 25.80 2.16
EBITDA 1841.45 25.02 2120.62 27.28 15.16
Depreciation 284.64 3.87 292.98 3.77 2.93
Provision and contingencies 0.00 0.00 0.00 0.00 NA
EBIT 1556.81 21.15 1827.64 23.51 17.40
Interest 8.96 0.12 11.94 0.15 33.26
EBT 1547.85 21.03 1815.70 23.36 17.30
Tax 276.47 3.76 353.28 4.54 27.78
PAT 1271.38 17.27 1462.42 18.81 15.03
Exceptional Item -72.72 -0.99 -72.72 -0.94 0.00
Extra Ordinary Item 0.00 0.00 0.00 0.00 NA
Prior Year Adjustment 0.00 0.00 0.00 0.00 NA
Reported PAT 1271.38 17.27 1462.42 18.81 15.03
TTM SPS 89.36 94.52 5.77
TTM EPS 15.83 18.21 15.03
17.40 17.30
TTM EPS & SPS TTM Growth (%)
15.16 15.03
94.52 7.70
89.36
5.62
15.83 18.21
Total Operating EBITDA EBIT EBT PAT
June ' 12 September ' 12 Operating Profit
Income
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14. Company Analysis Report Write Us: info@moneygurukul.com
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Cipla Ltd
Technical Indicators
Price 390.80 AS On: 27/11/2012
EMA(13) 381.72 ADX 19.00
EMA(26) 374.36 DX 11.00
EMA(50) 362.81 +DI 25.00
EMA(200) 334.98 -DI 20.00
RSI(14) 33.00 %K(Fast) 66.96
MACD 7.36 %K(Slow) 30.41
William(%R) -33.04 %d(Slow) 32.96
Price Chart
450 12000000
400
10000000
350
300 8000000
250
6000000
200
150 4000000
100
2000000
50
0 0
29-Jun 10-Sep 23-Nov
Total Traded Quantity Close Price EMA(200) EMA(50)
20.00
15.00
10.00
5.00
0.00
-5.00
MACD Signal line
100
80
60
40
20
0
RSI(14)
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explicitwritten permission. For more information write to us: info@mymoneygurukul.com. 14