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 1,149,571 - -
Change - -11.51% 66.28% -3.63% -15.1% 16.25% - -
Enterprise Value (EV) 1 810,334 716,397 1,154,239 1,084,736 901,599 1,043,497 1,018,127 1,001,735
Change - -11.59% 61.12% -6.02% -16.88% 15.74% -2.43% -1.61%
P/E 32.7x 26x 29.3x 22.1x 25.5x 27.7x 22.3x 19.8x
PBR 3.94x 3.11x 4.53x 3.73x 2.87x 3.06x 2.77x 2.51x
PEG - 2.3x 0.6x 0.8x -1x 3.94x 0.9x 1.5x
Capitalization / Revenue 3.77x 3.19x 4.69x 4.23x 3.51x 3.71x 3.31x 3.03x
EV / Revenue 3.72x 3.15x 4.48x 3.94x 3.2x 3.37x 2.93x 2.64x
EV / EBITDA 17.8x 14.3x 18.3x 15.2x 15.3x 17.4x 13.8x 12.1x
EV / EBIT 23.1x 18.6x 22x 18x 19.3x 22.4x 17.1x 14.7x
EV / FCF 29.1x 29.9x 38x 28.2x 38.5x 36.8x 28.2x 25.1x
FCF Yield 3.43% 3.35% 2.63% 3.54% 2.6% 2.72% 3.54% 3.98%
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% 0.91% 1.04% 1%
EPS 2 31.17 34.69 51.01 65.24 48 51.37 63.72 72.01
Distribution rate 16% 24.5% 25.5% 19.9% 27.1% 25.3% 23.1% 19.8%
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 46,616 59,576 68,357
Net income 1 25,168 28,019 41,216 52,725 38,792 41,355 51,415 58,114
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 1,423.00 1,423.00 1,423.00
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.($)
27.43x3.33x17.26x0.92% 11.96B
36.62x6.9x23.9x0.86% 50.05B
17.64x2.21x9.97x1.47% 40.29B
27.84x3.97x16.46x0.58% 12.17B
18.95x3.37x11.73x3.81% 9.25B
9.61x2.22x5.73x4.5% 7.62B
30.16x3.95x18.37x0.15% 7.36B
15.8x2.07x6.71x3.19% 7.21B
35.85x7.01x25.56x0.93% 4.73B
Average 24.44x 3.89x 15.08x 1.82% 16.74B
Weighted average by Cap. 26.32x 4.30x 16.34x 1.45%

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