An “Analyst Report on Cipla Ltd” that I worked on & presented as part of my Corporate valuation assignment on 9th December 2006.
Please feel free to go through, copy, edit, update and anything else you wish to do with it. For any kind of further details & discussions feel free to contact me*. I’ll share the Report that I worked on from which the presentation originated after which we could discuss further.
Eagerly awaiting all and any comments on it.
Cheers! 
*mailto:siddharthghaisas@gmail.com
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Mandar Marathe said,
14 December 2006 at 2:43 pm
Slide 3:
Using the CAPM model, i got the expected rate of return to be 13.32%
.08 + .76*(.07) = 0.1332
After looking at your FCF’s, I see that you have used an opportuity cost of capital as 11.5% to obtain the DCF’s
Explain to me how did you get this opportunity cost of capital?
Also the Risk free rate of 8% seems to be a bit high. Which treasury bills have you used to determine this rate?
The report was good and makes sense to someone doing an MBA