Company Valuation: Dr. Reddy's Laboratories Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 749,317 714,500 767,655 1,024,969 953,168 1,012,067 - -
Change - -4.65% 7.44% 33.52% -7.01% 6.18% - -
Enterprise Value (EV) 1 745,052 703,980 719,330 960,383 928,633 979,861 950,230 923,435
Change - -5.51% 2.18% 33.51% -3.31% 5.52% -3.02% -2.82%
P/E ratio 39.2x 30.4x 17.1x 18.4x 16.9x 19.4x 21.9x 19.1x
PBR 4.29x 3.76x 3.33x 3.63x 2.86x 2.71x 2.46x 2.24x
PEG - 1.3x 0.2x 0.8x 13.12x -2.54x -1.9x 1.3x
Capitalization / Revenue 3.95x 3.33x 3.11x 3.67x 2.93x 2.96x 2.9x 2.65x
EV / Revenue 3.93x 3.28x 2.92x 3.44x 2.85x 2.86x 2.72x 2.42x
EV / EBITDA 15.7x 13.7x 11.1x 12.1x 10.8x 11.9x 12.5x 10.8x
EV / EBIT 23.3x 20.5x 13.8x 14.8x 13.4x 15.4x 17x 14x
EV / FCF 28.7x 52.3x 15.1x 33.1x 49.1x 23x 20.9x 21.3x
FCF Yield 3.48% 1.91% 6.61% 3.02% 2.04% 4.35% 4.79% 4.69%
Dividend per Share 2 5 6 8 8 8 9.018 8.903 9.662
Rate of return 0.55% 0.7% 0.87% 0.65% 0.7% 0.74% 0.73% 0.79%
EPS 2 23.03 28.34 54.18 66.92 67.78 62.6 55.45 63.79
Distribution rate 21.7% 21.2% 14.8% 12% 11.8% 14.4% 16.1% 15.1%
Net sales 1 189,722 214,391 246,697 279,164 325,535 342,228 349,339 381,562
EBITDA 1 47,480 51,400 64,559 79,481 86,236 82,060 76,162 85,459
EBIT 1 31,977 34,277 52,057 64,781 69,178 63,467 55,790 65,845
Net income 1 19,149 23,568 45,073 55,779 56,544 51,833 46,481 53,753
Net Debt 1 -4,265 -10,520 -48,325 -64,586 -24,535 -32,206 -61,837 -88,633
Reference price 2 903.12 861.08 924.30 1,231.03 1,144.05 1,215.65 1,215.65 1,215.65
Nbr of stocks (in thousands) 829,699 829,771 830,526 832,611 833,152 832,532 - -
Announcement Date 5/14/21 5/19/22 5/10/23 5/7/24 5/9/25 - - -
1INR in Million2INR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.32x2.85x11.88x0.75% 11.16B
46.47x15.39x34.15x0.55% 952B
19.66x5.52x15.38x2.53% 492B
74.58x7.29x17.31x2.97% 389B
19.48x4.96x12.35x2.9% 363B
28.79x5.41x16.04x1.69% 296B
14.2x4.62x9.95x2.93% 274B
19.94x5.27x12.38x2.87% 273B
16.55x5.85x12.09x3.05% 264B
25.78x6.06x10.38x2.93% 176B
Average 28.48x 6.32x 15.19x 2.32% 349.03B
Weighted average by Cap. 33.51x 8.29x 19.28x 2.12%
See all sector valuations

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

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