Company Valuation: Cipla Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 821,377 726,839 1,208,588 1,164,745 988,887 1,182,531 - -
Change - -11.51% 66.28% -3.63% -15.1% 19.58% - -
Enterprise Value (EV) 1 810,334 716,397 1,154,239 1,084,736 901,599 1,076,457 1,051,087 1,034,695
Change - -11.59% 61.12% -6.02% -16.88% 19.39% -2.36% -1.56%
P/E 32.7x 26x 29.3x 22.1x 25.5x 28.5x 23x 20.4x
PBR 3.94x 3.11x 4.53x 3.73x 2.87x 3.15x 2.85x 2.58x
PEG - 2.3x 0.6x 0.8x -1x 4.06x 1x 1.6x
Capitalization / Revenue 3.77x 3.19x 4.69x 4.23x 3.51x 3.82x 3.4x 3.12x
EV / Revenue 3.72x 3.15x 4.48x 3.94x 3.2x 3.47x 3.03x 2.73x
EV / EBITDA 17.8x 14.3x 18.3x 15.2x 15.3x 18x 14.3x 12.5x
EV / EBIT 23.1x 18.6x 22x 18x 19.3x 23.1x 17.6x 15.2x
EV / FCF 29.1x 29.9x 38x 28.2x 38.5x 38x 28.5x 24.8x
FCF Yield 3.43% 3.35% 2.63% 3.54% 2.6% 2.63% 3.5% 4.03%
Dividend per Share 2 5 8.5 13 13 13 12.99 14.73 14.28
Rate of return 0.49% 0.94% 0.87% 0.9% 1.06% 0.89% 1.01% 0.98%
EPS 2 31.17 34.69 51.01 65.24 48 51.37 63.72 71.84
Distribution rate 16% 24.5% 25.5% 19.9% 27.1% 25.3% 23.1% 19.9%
Net sales 1 217,633 227,531 257,741 275,476 281,626 309,889 347,298 379,577
EBITDA 1 45,528 50,270 62,910 71,279 58,829 59,803 73,604 82,600
EBIT 1 35,008 38,549 52,400 60,210 46,719 46,645 59,576 68,102
Net income 1 25,168 28,019 41,216 52,725 38,792 41,350 51,420 57,963
Net Debt 1 -11,043 -10,443 -54,350 -80,010 -87,289 -106,073 -131,444 -147,836
Reference price 2 1,018.05 900.50 1,496.95 1,442.20 1,224.20 1,463.80 1,463.80 1,463.80
Nbr of stocks (in thousands) 806,814 807,151 807,367 807,617 807,783 807,850 - -
Announcement Date 5/10/22 5/12/23 5/10/24 5/13/25 5/13/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
28.49x3.47x18x0.89% 12.43B
35.76x6.74x23.33x0.88% 49.03B
20.02x2.36x10.74x1.29% 42.33B
26.41x3.9x15.87x0.6% 11.68B
19.07x3.33x11.97x3.49% 9.12B
8.6x2.03x5.32x5.04% 7.15B
15.67x2.02x6.32x3.29% 7.09B
34.6x3.94x16.78x0.23% 6.76B
41.61x7.97x29.57x0.95% 4.58B
Average 25.58x 3.97x 15.32x 1.85% 16.68B
Weighted average by Cap. 26.87x 4.27x 16.31x 1.42%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. CIPLA Stock
  4. Valuation Cipla Limited