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 1,085,750 - -
Change - -11.51% 66.28% -3.63% -15.1% 9.8% - -
Enterprise Value (EV) 1 810,334 716,397 1,154,239 1,084,736 901,599 979,677 954,306 937,914
Change - -11.59% 61.12% -6.02% -16.88% 8.66% -2.59% -1.72%
P/E 32.7x 26x 29.3x 22.1x 25.5x 26.2x 21.1x 18.6x
PBR 3.94x 3.11x 4.53x 3.73x 2.87x 2.89x 2.62x 2.37x
PEG - 2.3x 0.6x 0.8x -1x 3.73x 0.9x 1.4x
Capitalization / Revenue 3.77x 3.19x 4.69x 4.23x 3.51x 3.5x 3.13x 2.86x
EV / Revenue 3.72x 3.15x 4.48x 3.94x 3.2x 3.16x 2.75x 2.47x
EV / EBITDA 17.8x 14.3x 18.3x 15.2x 15.3x 16.4x 13x 11.3x
EV / EBIT 23.1x 18.6x 22x 18x 19.3x 21x 16x 13.7x
EV / FCF 29.1x 29.9x 38x 28.2x 38.5x 34.5x 26.5x 21.9x
FCF Yield 3.43% 3.35% 2.63% 3.54% 2.6% 2.89% 3.77% 4.56%
Dividend per Share 2 5 8.5 13 13 13 12.99 14.73 14.61
Rate of return 0.49% 0.94% 0.87% 0.9% 1.06% 0.97% 1.1% 1.09%
EPS 2 31.17 34.69 51.01 65.24 48 51.37 63.73 72.44
Distribution rate 16% 24.5% 25.5% 19.9% 27.1% 25.3% 23.1% 20.2%
Net sales 1 217,633 227,531 257,741 275,476 281,626 309,885 347,371 379,448
EBITDA 1 45,528 50,270 62,910 71,279 58,829 59,815 73,616 82,917
EBIT 1 35,008 38,549 52,400 60,210 46,719 46,616 59,588 68,666
Net income 1 25,168 28,019 41,216 52,725 38,792 41,355 51,424 58,494
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 1,344.00 1,344.00 1,344.00
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.($)
26.16x3.16x16.38x0.97% 11.28B
32.69x11.85x24.08x0.6% 1,025B
28.77x6.4x17.91x2.06% 623B
32.89x7.71x15.93x2.67% 459B
104.62x5.85x24.82x2.37% 355B
18.99x4.63x11.47x2.87% 336B
20.13x5.23x12.95x3.06% 270B
20.27x4.21x12x2.1% 247B
25.72x6.72x11.97x2.48% 220B
-44.61x6.5x25.4x2.23% 183B
Average 26.56x 6.23x 17.29x 2.14% 372.95B
Weighted average by Cap. 31.72x 7.63x 18.70x 1.94%

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