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 1,161,688 - -
Change - -11.51% 66.28% -3.63% -15.1% 17.47% - -
Enterprise Value (EV) 1 810,334 716,397 1,154,239 1,084,736 901,599 1,055,615 1,030,244 1,013,852
Change - -11.59% 61.12% -6.02% -16.88% 17.08% -2.4% -1.59%
P/E 32.7x 26x 29.3x 22.1x 25.5x 28x 22.6x 20x
PBR 3.94x 3.11x 4.53x 3.73x 2.87x 3.09x 2.8x 2.54x
PEG - 2.3x 0.6x 0.8x -1x 3.99x 0.9x 1.6x
Capitalization / Revenue 3.77x 3.19x 4.69x 4.23x 3.51x 3.75x 3.34x 3.06x
EV / Revenue 3.72x 3.15x 4.48x 3.94x 3.2x 3.41x 2.97x 2.67x
EV / EBITDA 17.8x 14.3x 18.3x 15.2x 15.3x 17.6x 14x 12.3x
EV / EBIT 23.1x 18.6x 22x 18x 19.3x 22.6x 17.3x 14.9x
EV / FCF 29.1x 29.9x 38x 28.2x 38.5x 37.2x 28x 24.3x
FCF Yield 3.43% 3.35% 2.63% 3.54% 2.6% 2.69% 3.58% 4.11%
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% 0.9% 1.02% 0.99%
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 1 217,633 227,531 257,741 275,476 281,626 309,885 347,303 379,577
EBITDA 1 45,528 50,270 62,910 71,279 58,829 59,815 73,606 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 41,358 51,415 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 1,438.00 1,438.00 1,438.00
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.($)
27.99x3.41x17.65x0.9% 12.14B
35.13x6.59x22.83x0.9% 47.74B
19.22x2.3x10.4x1.35% 41.7B
26.56x3.8x15.76x0.61% 11.55B
18.7x3.32x11.56x3.86% 9.18B
9.03x2.08x5.42x4.46% 7.54B
16.16x2.11x6.87x3.16% 7.35B
28.37x3.7x17.22x0.16% 6.88B
36.42x7.12x25.97x0.91% 4.78B
Average 24.18x 3.83x 14.85x 1.81% 16.54B
Weighted average by Cap. 25.88x 4.14x 15.85x 1.44%

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