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 11,61,698 - -
Change - -11.51% 66.28% -3.63% -15.1% 17.48% - -
Enterprise Value (EV) 1 8,10,334 7,16,397 11,54,239 10,84,736 9,01,599 10,62,946 10,36,666 10,19,599
Change - -11.59% 61.12% -6.02% -16.88% 17.9% -2.47% -1.65%
P/E 32.7x 26x 29.3x 22.1x 25.5x 27.7x 22.6x 20x
PBR 3.94x 3.11x 4.53x 3.73x 2.87x 3.09x 2.8x 2.53x
PEG - 2.3x 0.6x 0.8x -1x 3.32x 1x 1.6x
Capitalization / Revenue 3.77x 3.19x 4.69x 4.23x 3.51x 3.74x 3.35x 3.07x
EV / Revenue 3.72x 3.15x 4.48x 3.94x 3.2x 3.42x 2.99x 2.69x
EV / EBITDA 17.8x 14.3x 18.3x 15.2x 15.3x 17.5x 14x 12.3x
EV / EBIT 23.1x 18.6x 22x 18x 19.3x 22.2x 17.3x 15x
EV / FCF 29.1x 29.9x 38x 28.2x 38.5x 35.3x 28.7x 27.2x
FCF Yield 3.43% 3.35% 2.63% 3.54% 2.6% 2.83% 3.49% 3.68%
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% 0.85% 0.96% 0.92%
EPS 2 31.17 34.69 51.01 65.24 48 52.01 63.64 71.8
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 3,10,682 3,46,683 3,78,696
EBITDA 1 45,528 50,270 62,910 71,279 58,829 60,717 73,901 82,827
EBIT 1 35,008 38,549 52,400 60,210 46,719 47,873 60,040 67,998
Net income 1 25,168 28,019 41,216 52,725 38,792 42,007 51,552 57,741
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 1,438.10 1,438.10 1,438.10
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.($)
27.43x3.39x17.35x0.86% 1.2TCr
35.08x6.63x22.91x0.83% 4.82TCr
18.22x2.05x9.67x1.33% 3.55TCr
26.82x3.95x16.1x0.59% 1.18TCr
19.4x3.39x12.19x3.43% 915.43Cr
8.31x1.95x5.11x5.22% 691.24Cr
16.03x2.05x6.91x3.26% 694.92Cr
34.93x3.98x16.96x0.23% 678.52Cr
40.8x7.82x28.99x0.97% 446.43Cr
Average 25.23x 3.91x 15.13x 1.86% 1.57TCr
Weighted average by Cap. 26.44x 4.23x 16.12x 1.41%

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