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Dr. Reddy's Laboratories Limited DRREDDY.NS

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

Dr. Reddy's Laboratories Limited statistics & valuation

Market cap₹999.6B
P / E23.3×
P / S3.0×
P / B2.7×
P / FCF54.5×
Net margin12.8%
FCF margin5.5%
Net debt₹62.0B
Enterprise value USD$11.1B
Earnings yield EBIT/EV4.7%
Return on capital12.2%
Graham number -39.7%₹723.67

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 (₹723.67); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
18.30% 19.90% 17.40% 12.80% 2023202420252026
Gross margin (%)
56.70% 58.60% 58.50% 52.80% 2023202420252026
Operating margin (%)
24.00% 23.40% 22.10% 14.90% 2023202420252026
Return on equity (%)
19.50% 19.80% 17.00% 11.40% 2023202420252026
Shares outstanding
833.0M 833.0M 833.0M 833.0M 2023202420252026
Net debt (₹)
₹7.69B ₹12.91B ₹32.11B ₹61.97B 2023202420252026
Share buybacks (₹)
₹0 ₹0 ₹1.39B ₹0 2023202420252026
Return on assets (%)
14.00% 14.40% 11.50% 7.40% 2023202420252026
Free cash flow margin (%)
16.30% 6.40% 3.70% 5.50% 2023202420252026
Debt / equity (×)
0.06× 0.07× 0.14× 0.21× 2023202420252026
EPS (₹)
₹54.17 ₹66.92 ₹67.78 ₹51.42 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

Dr. Reddy's Laboratories Limited trades at about 23.3× earnings — above its 10-year norm (10-year range 17.5×–25.7×, median 18.5×).

17.5× 25.7×

Shaded band = 10-year range (17.5×–25.7×); dot = today's 23.3×.

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 margin52.8%58.5%58.6%56.7%
Operating margin14.9%22.1%23.4%24.0%
Net margin12.8%17.4%19.9%18.3%
FCF margin5.5%3.7%6.4%16.3%
Return on assets7.4%11.5%14.4%14.0%
Return on equity11.4%17.0%19.8%19.5%
Debt / equity0.03×0.01×0.01×
Current ratio1.801.922.582.38

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