Company Valuation: Cipla Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 8,21,377 7,26,839 12,08,588 11,64,745 9,88,887 11,56,609 - -
Change - -11.51% 66.28% -3.63% -15.1% 16.96% - -
Enterprise Value (EV) 1 8,10,334 7,16,397 11,54,239 10,84,736 9,01,599 10,57,857 10,31,577 10,14,510
Change - -11.59% 61.12% -6.02% -16.88% 17.33% -2.48% -1.65%
P/E 32.7x 26x 29.3x 22.1x 25.5x 27.5x 22.5x 19.9x
PBR 3.94x 3.11x 4.53x 3.73x 2.87x 3.07x 2.78x 2.52x
PEG - 2.3x 0.6x 0.8x -1x 3.32x 1x 1.5x
Capitalization / Revenue 3.77x 3.19x 4.69x 4.23x 3.51x 3.72x 3.34x 3.05x
EV / Revenue 3.72x 3.15x 4.48x 3.94x 3.2x 3.41x 2.98x 2.68x
EV / EBITDA 17.8x 14.3x 18.3x 15.2x 15.3x 17.4x 14x 12.2x
EV / EBIT 23.1x 18.6x 22x 18x 19.3x 22.1x 17.2x 14.9x
EV / FCF 29.1x 29.9x 38x 28.2x 38.5x 35.2x 28.5x 26.9x
FCF Yield 3.43% 3.35% 2.63% 3.54% 2.6% 2.84% 3.51% 3.72%
Dividend per Share 2 5 8.5 13 13 13 12.26 13.85 13.23
Rate of return 0.49% 0.94% 0.87% 0.9% 1.06% 0.86% 0.97% 0.92%
EPS 2 31.17 34.69 51.01 65.24 48 51.98 63.61 71.82
Distribution rate 16% 24.5% 25.5% 19.9% 27.1% 23.6% 21.8% 18.4%
Net sales 1 2,17,633 2,27,531 2,57,741 2,75,476 2,81,626 3,10,627 3,46,668 3,78,797
EBITDA 1 45,528 50,270 62,910 71,279 58,829 60,688 73,873 82,849
EBIT 1 35,008 38,549 52,400 60,210 46,719 47,839 60,004 68,021
Net income 1 25,168 28,019 41,216 52,725 38,792 41,980 51,523 57,759
Net Debt 1 -11,043 -10,443 -54,350 -80,010 -87,289 -98,752 -1,25,032 -1,42,099
Reference price 2 1,018.05 900.50 1,496.95 1,442.20 1,224.20 1,431.80 1,431.80 1,431.80
Nbr of stocks (in thousands) 8,06,814 8,07,151 8,07,367 8,07,617 8,07,783 8,07,801 - -
Announcement Date 10/05/22 12/05/23 10/05/24 13/05/25 13/05/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
27.93x3.46x17.7x0.86% 1.24TCr
39.26x7.45x25.41x0.79% 4.81TCr
19.14x2.16x10.2x1.26% 3.74TCr
25.29x4.38x16.3x0.7% 1.21TCr
19.82x3.42x12.44x3.44% 914.06Cr
8.58x2.02x5.3x5.05% 721.44Cr
16.42x2.11x7.11x3.19% 713.58Cr
34.38x3.92x16.67x0.23% 673.45Cr
39.53x7.57x28.06x1% 436.15Cr
Average 25.59x 4.05x 15.47x 1.84% 1.61TCr
Weighted average by Cap. 27.81x 4.53x 17.00x 1.39%

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