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Cipla Limited CIPLA.NS

IN · National Stock Exchange of India · XNSE · stock · Healthcare · website

Cipla Limited statistics & valuation

Market cap₹1.17T
P / E30.2×
P / S4.2×
P / B3.4×
P / FCF136.1×
Net margin14.0%
FCF margin3.1%
Net cash₹4.0B
Enterprise value USD$12.3B
Earnings yield EBIT/EV4.2%
Return on capital13.7%
Graham number -53.2%₹678.46

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (₹678.46); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
12.50% 16.20% 19.40% 14.00% 2023202420252026
Gross margin (%)
60.10% 62.30% 64.00% 62.30% 2023202420252026
Operating margin (%)
17.90% 21.10% 22.60% 17.50% 2023202420252026
Return on equity (%)
12.00% 15.40% 16.90% 11.30% 2023202420252026
Shares outstanding
807.9M 807.9M 807.9M 807.9M 2023202420252026
Net debt (₹)
₹1.75B -₹806.6M -₹1.50B -₹4.04B 2023202420252026
Share buybacks (₹)
2023202420252026
Return on assets (%)
9.50% 12.60% 14.10% 9.10% 2023202420252026
Free cash flow margin (%)
9.10% 10.90% 12.70% 3.10% 2023202420252026
Debt / equity (×)
0.03× 0.02× 0.01× 0.02× 2023202420252026
EPS (₹)
₹34.69 ₹51.01 ₹65.24 ₹48.00 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Cipla Limited trades at about 30.2× earnings — above its 10-year norm (10-year range 23.8×–27.4×, median 27.3×).

23.8× 30.2×

Shaded band = 10-year range (23.8×–27.4×); dot = today's 30.2×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin62.3%64.0%62.3%60.1%
Operating margin17.5%22.6%21.1%17.9%
Net margin14.0%19.4%16.2%12.5%
FCF margin3.1%12.7%10.9%9.1%
Return on assets9.1%14.1%12.6%9.5%
Return on equity11.3%16.9%15.4%12.0%
Debt / equity0.00×0.00×0.00×0.00×
Current ratio3.444.253.713.38

Computed from company filings · IN · as of 2026-03-31. Figures in INR. Facts plus Stocktoria's own computed scores — not investment advice.