Company Valuation: Lupin Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 339,061 294,760 737,220 925,229 1,057,318 901,210 - -
Change - -13.07% 150.11% 25.5% 14.28% -14.76% - -
Enterprise Value (EV) 1 366,521 324,269 751,894 944,572 1,031,180 860,407 826,161 793,583
Change - -11.53% 131.87% 25.63% 9.17% -16.56% -3.98% -3.94%
P/E -22.2x 68.8x 38.6x 28.3x 19.9x 20.5x 19.2x 17.1x
PBR 2.79x 2.36x 5.16x 5.41x 4.71x 3.45x 3x 2.61x
PEG - -1x 0x 0.4x 0.3x -1.2x 2.91x 1.4x
Capitalization / Revenue 2.07x 1.77x 3.68x 4.07x 3.78x 2.98x 2.79x 2.58x
EV / Revenue 2.23x 1.95x 3.76x 4.16x 3.69x 2.84x 2.56x 2.27x
EV / EBITDA 16.9x 18.8x 19.8x 17.9x 12.6x 11.3x 10.5x 9.37x
EV / EBIT 72.3x 38.6x 28.9x 23x 15.2x 14.6x 13.6x 11.8x
EV / FCF -68.2x 81.6x 27.6x 71.7x 19.5x 25.9x 18.3x 15.9x
FCF Yield -1.47% 1.23% 3.62% 1.39% 5.12% 3.86% 5.45% 6.31%
Dividend per Share 2 4 4 8 12 18 12.72 12.84 13.52
Rate of return 0.54% 0.62% 0.49% 0.59% 0.78% 0.65% 0.65% 0.69%
EPS 2 -33.65 9.41 41.87 71.69 116.4 96.26 102.6 115.2
Distribution rate -11.9% 42.5% 19.1% 16.7% 15.5% 13.2% 12.5% 11.7%
Net sales 1 164,055 166,417 200,108 227,079 279,580 302,509 322,577 349,821
EBITDA 1 21,656 17,206 38,000 52,775 81,595 75,807 78,468 84,732
EBIT 1 5,069 8,399 26,032 41,083 67,840 58,893 60,802 67,377
Net income 1 -15,280 4,301 19,145 32,816 53,328 44,002 46,849 52,758
Net Debt 1 27,460 29,509 14,674 19,343 -26,138 -40,803 -75,049 -107,627
Reference price 2 746.05 647.85 1,617.85 2,026.50 2,312.70 1,971.00 1,971.00 1,971.00
Nbr of stocks (in thousands) 454,475 454,981 455,679 456,565 457,179 457,235 - -
Announcement Date 5/18/22 5/9/23 5/6/24 5/14/25 5/7/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.35x2.83x11.28x0.65% 9.43B
37.66x13.18x27.98x0.53% 1,143B
39.33x6.61x18.6x1.99% 647B
37.45x8.4x17.37x2.4% 506B
21.46x5.22x12.98x2.51% 384B
103.38x5.8x24.86x2.4% 350B
21.99x5.69x13.69x2.94% 293B
22.31x4.51x12.87x1.96% 265B
28.42x7.28x13.03x2.25% 242B
-45.78x7.1x27.53x2.07% 197B
Average 28.66x 6.66x 18.02x 1.97% 403.7B
Weighted average by Cap. 35.24x 8.34x 20.46x 1.8%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Lupin Limited

Historical PBR trend

Valuation ratios - PBR - Lupin Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Lupin Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Lupin Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - Lupin Limited
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