Stocktoria

Lupin Limited LUPIN.NS

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

Lupin Limited statistics & valuation

Market cap₹1.02T
P / E19.2×
P / S3.7×
P / B4.6×
P / FCF19.4×
Dividend yield0.54%
Net margin19.4%
Return on equity23.8%
FCF margin19.2%
Net debt₹24.5B
Enterprise value USD$11.0B
Earnings yield EBIT/EV6.5%
Return on capital26.5%
Graham number -49.3%₹1,134.13

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 (₹1,134.13); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
2.60% 9.70% 14.80% 19.40% 2023202420252026
Gross margin (%)
55.30% 63.60% 66.40% 70.50% 2023202420252026
Operating margin (%)
5.50% 14.20% 19.60% 24.80% 2023202420252026
Return on equity (%)
3.50% 13.40% 19.10% 23.80% 2023202420252026
Shares outstanding
457.2M 457.2M 457.2M 457.2M 2023202420252026
Net debt (₹)
₹33.10B ₹19.38B ₹39.04B ₹24.48B 2023202420252026
Share buybacks (₹)
₹0 ₹670.7M 2023202420252026
Return on assets (%)
1.90% 8.00% 11.20% 13.90% 2023202420252026
Free cash flow margin (%)
2.40% 13.80% 5.90% 19.20% 2023202420252026
Debt / equity (×)
0.36× 0.20× 0.32× 0.29× 2023202420252026
EPS (₹)
₹9.41 ₹41.87 ₹71.69 ₹116.44 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

Lupin Limited trades at about 19.2× earnings — below its 10-year norm (10-year range 19.8×–75.4×, median 39.3×).

19.2× 75.4×

Shaded band = 10-year range (19.8×–75.4×); dot = today's 19.2×.

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 margin70.5%66.4%63.6%55.3%
Operating margin24.8%19.6%14.2%5.5%
Net margin19.4%14.8%9.7%2.6%
FCF margin19.2%5.9%13.8%2.4%
Return on assets13.9%11.2%8.0%1.9%
Return on equity23.8%19.1%13.4%3.5%
Debt / equity0.07×0.10×0.00×0.00×
Current ratio1.901.871.581.34

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