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Cipla Ltd (CIPLA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500087 NSE: CIPLA Pharmaceuticals & Drugs | Large Cap | Cipla Share Price

₹1,400.70 2.95 (0.21%)

As on 05-Jun'26 16:59

Cipla Ltd (CIPLA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500087 NSE: CIPLA Pharmaceuticals & Drugs | Large Cap | Cipla Share Price

₹1,400.70 2.95 (0.21%)

As on 05-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,12,910 Cr.
Current Price
₹1,400.7
52-Week Low / High
₹1,166 / 1,672
TTM EPS
₹48
TTM Sales
₹28,163 Cr.
Book Value per Share
₹425.5
P/E Ratio
29.11
In line with its 5-year historical median
Industry PE
46.5
Price to Book (P/B)
3.29
Lower than its 5-year historical median
Price to Sales (P/S)
4.01
Lower than its 5-year historical median
EV/EBITDA
16.54
Higher than its 5-year historical median
Dividend Yield
1.06%
Profitability Efficiency
Return on Equity (ROE)
11.83%
Underperforms industry median
Return on Capital Employed (ROCE)
16.00%
Underperforms industry median
Return on Assets (ROA)
9.88%
Operating Profit Margin
21%
Net Profit Margin
13.74%
Gross Profit Margin
17.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
2.23%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-17.41%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-26.86%
Asset Quality
Promoter Holding
29.21%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹34,208 Cr.
Equity
₹161.6 Cr.
Face Value
₹2
All Time Low / High
₹2.22 / 1702.00

Cipla stock performance

Key Ratios
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Check Before You Invest

Valuation

Fair

Price Trend

Strong
Q.1 Is Cipla Ltd a good quality company?
Cipla Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Cipla Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Cipla Ltd vs industry peers?
Cipla Ltd revenue CAGR is 9.97%, compared to the industry median CAGR of 9.92%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of Cipla Ltd?
Promoters hold 29.21% of the Cipla Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Cipla Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 10.7% based on the current price.

DeciZen - make an informed investing decision on Cipla

Decision Maker
Consolidated basis

1. Right Stock

10 Year X-ray Pro
Long Term Prospect

2. Right Price

3. Right Time

#Likely Future 5 Year CAGR.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Cipla Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 8.3%10.2%11.9%12.5%17.9%17.2%18.2%22.8%23.6%16%-
Value Creation
Index
-0.3-0.10.10.10.60.50.61.01.10.4-

Growth Parameters

Sales 14,39415,15616,36217,13219,16021,76322,75325,77427,54828,16328,163
Sales YoY Gr.-5.3%8%4.7%11.8%13.6%4.6%13.3%6.9%2.2%-
Adj EPS 11.416.516.417.129.13032.749.363.84748
YoY Gr.-45.1%-0.2%3.9%70.4%3.2%8.9%50.8%29.4%-26.3%-
BVPS (₹) 155.2175.9185.6194.9226.7257.8289.2329.7384.8425.5425.5
Adj Net
Profit
9141,3271,3251,3772,3472,4222,6383,9785,1503,7983,879
Cash Flow from Ops. 2,3821,4631,6913,0683,7553,3263,2384,1345,0053,940-
Debt/CF from Ops. 1.72.82.60.90.50.30.20.100.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 7.7%8%7.4%2.2%
Adj EPS 17.1%10.1%12.9%-26.3%
BVPS11.9%13.4%13.7%10.6%
Share Price 11.6% 8.2% 12.9% -6.9%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
7.69.99.1913.812.411.915.917.811.611.3
Op. Profit
Mgn %
17.618.718.918.722.220.721.924.425.92121.4
Net Profit
Mgn %
6.68.88812.211.311.715.618.813.513.8
Debt to
Equity
0.30.30.30.20.1000000
Working Cap
Days
200210151140134135146145155159159
Cash Conv.
Cycle
1061035953525652495458116

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales14,39415,15616,36217,13219,16021,76322,75325,77427,54828,163
Operating Expenses + 11,91912,32913,26513,95114,91117,25117,76319,48320,42522,280
Manufacturing Costs1,4451,5191,6201,6991,5151,7841,9442,1442,2912,591
Material Costs5,3175,4385,7845,9917,3528,4968,2528,8208,9299,549
Employee Cost 2,6342,6902,8573,0273,2523,5303,8304,3104,8335,366
Other Costs 2,5232,6813,0043,2332,7933,4423,7374,2094,3724,773
Operating Profit 2,4762,8263,0973,1814,2494,5124,9906,2917,1235,883
Operating Profit Margin (%) 17.2%18.6%18.9%18.6%22.2%20.7%21.9%24.4%25.9%20.9%
Other Income + 229358477369270322512747867882
Exceptional Items 0-78000-182-182-1950-276
Interest 159114168197161106110906254
Depreciation 1,3231,3231,3261,1751,0681,0521,1721,0511,1071,211
Profit Before Tax 1,2221,6692,0792,1783,2903,4934,0385,7026,8215,224
Tax 1802505706318899341,2031,5471,5301,354
Profit After Tax 1,0421,4191,5101,5472,4012,5592,8354,1555,2913,870
PAT Margin (%) 7.2%9.4%9.2%9.0%12.5%11.8%12.5%16.1%19.2%13.7%
Adjusted EPS (₹)12.517.519.019.229.831.234.751.165.348.0
Dividend Payout Ratio (%)16%17.10%15.80%20.90%16.80%16%24.50%25.50%24.50%27.10%

Valuation of Cipla - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 12,48214,16314,95515,71018,28420,79823,34626,62031,07934,369
Share Capital 161161161161161161161161162162
Reserves 12,32114,00214,79415,54918,12320,63623,18526,45830,91834,208
Debt +4,1134,0984,3162,8161,53781018824792258
Long Term Debt3,6453,6623,8302,3691,2034160012117
Short Term Debt46743648644733539318824780141
Minority Interest438352332294259276306969688
Trade Payables1,5712,1191,9482,2822,0672,5082,5352,4742,8373,230
Others Liabilities 2,2651,9402,2102,3202,6892,2612,6332,6932,6373,649
Total Liabilities 20,86922,67323,76223,42324,83726,65229,00732,13036,74241,595

Fixed Assets

Net Fixed Assets +9,7439,9499,5579,6049,4309,6589,2109,5879,94812,482
Gross Block11,35312,96013,79014,91415,64716,96817,20518,16119,65623,825
Accumulated Depreciation1,6103,0114,2345,3096,2177,3117,9958,5739,70811,343
CWIP 1,6839816768259697661,0931,1531,5662,042
Investments 9731,2592,5541,4712,7102,5513,6625,4497,9338,223
Inventories3,4854,0453,9654,3784,6695,3505,1565,2385,6426,597
Trade Receivables2,5633,1024,1513,8913,4463,4244,0574,7715,5065,620
Cash Equivalents 6249666191,0041,4011,9281,5658758001,307
Others Assets 1,7972,3712,2412,2502,2122,9754,2635,0575,3475,324
Total Assets 20,86922,67323,76223,42324,83726,65229,00732,13036,74241,595

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 2,3821,4631,6913,0683,7553,3263,2384,1345,0053,940
PBT 1,2221,6692,0792,1783,2903,6754,2215,8976,8215,224
Adjustment 1,3741,2941,2691,3661,131967878641518528
Changes in Working Capital 235-778-1064373372-177-559-806-665-225
Tax Paid -450-722-593-848-1,037-1,140-1,302-1,597-1,668-1,586
Cash Flow From Investing Activity + -1,310-854-1,669104-2,387-1,872-2,389-2,988-3,691-2,326
Capex -1,098-739-504-986-791-681-1,134-1,315-1,504-2,986
Net Investments -64-282-1,0641,029-1,675153-913-1,473-2,25654
Others -148167-1016180-1,343-341-20068606
Cash Flow From Financing Activity + -1,326-385-349-2,949-1,240-1,600-958-1,200-1,293-1,234
Net Proceeds from Shares 12000000000
Net Proceeds from Borrowing 3,420-3-58-1,736-951-1,041-4401293
Interest Paid -159-118-159-164-121-76-65-65-36-37
Dividend Paid -161-161-242-5640-403-404-686-1,050-1,292
Others -4,438-104109-485-168-80-446-449-2193
Net Cash Flow -254223-326224129-146-109-5521380

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)8.7210.6510.3710.0914.1313.112.8516.6318.3411.83
ROCE (%)8.2810.211.9412.5317.8517.2418.1922.7723.6416
Asset Turnover Ratio0.70.71.031.151.171.151.111.161.081
PAT to CFO Conversion(x)2.291.031.121.981.561.31.140.990.951.02
Working Capital Days
Receivable Days61.4067.9055.4054.1047.4042.2044.1045.5050.6052.10
Inventory Days9190.3061.1056.1058.5061.506253.6053.6057.30
Payable Days104.60123.80128.30128.8010898.30111.50103.60108.60116

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Cipla Ltd FAQs

The current trading price of Cipla on 05-Jun-2026 16:59 is ₹1,400.7.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Jun-2026 the market cap of Cipla stood at ₹1,12,910.3 Cr

The latest P/E ratio of Cipla as of 04-Jun-2026 is 32.12.

The latest P/B ratio of Cipla as of 04-Jun-2026 is 3.31.

The 52-week high of Cipla is ₹1,672.2 and the 52-week low is ₹1,165.6.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Cipla is ₹18,980 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Cipla Ltd is a good quality company.

The key valuation ratios of Cipla Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Cipla Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Cipla Ltd

Cipla Limited is a global pharmaceutical company focused on responsible and sustainable growth of complex generics and deepening portfolio in home markets of India, South Africa and North America, as well as key regulated and emerging markets. Equity Shares of the Company are listed on Bombay Stock Exchange Limited and National Stock Exchange of India Limited.

Business area of the company

The company is in the business of manufacturing, developing, and marketing wide range of branded and generic formulations and Active Pharmaceutical Ingredients (APIs). The company has its wide network of manufacturing, trading and other incidental operations in India and International markets.

Products

  • Generics and branded generics
  • Specialty
  • Consumer health

Awards:

2013:

  • Ernst & Young awarded Dr. Y K Hamied with the Lifetime Achievement Award of the year 2013
  • Dr. Hamied honoured with the Greatest Global Indian Living Legend Award by NDTV
  • Viragaonagar unit won the Excellence Award in Environment Health & Safety (EHS)
  • Bagged the prestigious LegalEra Award for the Best Pharmaceutical in-house Legal team.

2014

  • Cipla won the Global L&D Team of the Year Award
  • Brand, Azee bagged the Marketing Excellence Award in 2014
  • Won the 'Silver' award from Pharmexcil for Outstanding Performance in the export of Pharmaceuticals
  • Network 18 and Infosys awarded Cipla for innovation on HIV/AIDS drugs

2015:

  • Won the Award for Excellence in Rural Reach at India Pharma Awards
  • Accredited to be in Top 10 of Hot 50 Brands in Mumbai, under ‘Large Organization Category’ at the Mumbai Brand Summit
  • Won the Social Contributors Award at the Annual Pitch Top 50 Brands Awards organized by Dainik Bhaskar
  • Best Company Award to focus in Overall Nursing Home Development at the first ever CIMS Healthcare Excellence Awards
  • ABP News honored Dr. Y.K. Hamied with the ‘Lifetime Achievement Award’ at the Brand Excellence Awards 2015

2016:

  • The Indian Manufacturers’ Association (IDMA) honoured Dr. Hamied with IDMA Lifetime Achievement Award for his outstanding contribution to the Indian pharmaceutical industry.
  • Moroccan Society of ENT honoured Cipla Morocco team for contribution to the education of the physics.
  • Dr. Y.K. Hamied was honoured with the Lifetime Achievement Award at the Forbes India Leadership Awards 2016.
  • Won two awards for Supplier Relationship Management and People Management at the CPO Awards 2016
  • Received an award for Acnedep Gel packaging at the 'India Packaging Awards' 2016
  • Won the ABP News Healthcare Leadership Award for excellence in managing Primary Care Practitioners

2017:

  • Digital team bagged two of the most prestigious awards of the digital world - Digital Pioneer of the year 2017 and Best company for leveraging technology in mobile application.
  • ActivKids Immuno Boosters won the Emerging Nutrition Brand of the Year awarded by CIMS.
  • Cipla Health won a place in the Economic Times Best Asian Healthcare Brands 2017

2018:

  • India Packaging Awards for Excellence in Enhanced User Experience for Mesalo Foam packaging
  • Silver Plasticon Award 2018 for Excellence and Innovation in flexible packaging for Acnedap Plus
  • SCMPro Logistics and Supply Chain Awards for 'Excellence in Pharma Supply Chain Management, Procurement Transformation of the Year' and 'Best Sourcing Analytics'.
  • Global Logistics Excellence Award for 'Best Digital Transformation in Pharma' in the Supply Chain Practitioners category
  • Breathefree website bags DMA Asia Echo Award (Silver) for Best Digital Destination and Leader Certificate in Pharma & Healthcare category
  • India Pharma Awards for Breathefree - 'Best Patient Outreach Programme of the Year', Digital Innovation
  • Indian Digital Awards (IDA) for Excellence in Digital Publishing
  • ABP News Healthcare Leadership Award for Excellence in Improving Awareness, Detection of Health Issues and Adherence to Treatment Regimen in the Emerging Markets

2019:

  • Cipla receives the 18th ICSI (Institute of Company Secretaries of India) National Award for Excellence in Corporate Governance in January 2019.
  • Highly Commended - 'Best Working Capital Management Solution Award' at the Adam Smith Awards Asia 2019
  • 'Innovation in Generics' Award for Sereflo at the UK Pharmacy Business Awards 2019
  • ‘Indo-American Corporate Excellence Award' for Excellence in Manufacturing (Category II) by the Indo-American Chamber of Commerce
  • Most Outstanding Company in India - Healthcare category at the Asiamoney Asia’s Outstanding Companies Poll 2019

2020:

  • Cipla Sri Lanka is Great Place to Work Certified
  • Cipla is Great Place to Work Certified
  • ‘Digital Supply Chain Enterprise Award’ at the 9th edition of the Manufacturing Supply Chain Awards 2020
  • Golden Peacock Award for CSR 2019 in recognition of Cipla Foundation's significant contribution towards social change
  • What’s Up Cipla bags the 'Best Small Idea, Big Impact Communication of the Year' at the Corp Comm & PR Excellence Awards 2020
  • The Institute of Chartered Accountants of India Award for Excellence in Financial Reporting 2018-19 under the category of companies publishing integrated annual report

Milestones

  • 1935: Operations commence from a rented bungalow at 289, Bellasis Road, Bombay Central.
  • 1939: Mahatma Gandhi visits Cipla, inspiring the Founder Dr K A Hamied to produce vital and life-saving medicines for India.
  • 1947: Cipla celebrates India attaining Independence with a flag hoisting ceremony at Bombay Central Headquarters.
  • 1970: Cipla becomes one of the pioneers to manufacture APIs (active pharmaceutical ingredients).
  • 1977: Inauguration of the Cipla Research and Production Complex in Bangalore by Mrs. Luba K Hamied.
  • 1997: Cipla Palliative Care and Training Centre is set up in Pune to provide free holistic care to terminally-ill cancer patients and their families.
  • 2001: Cipla ushers in a new paradigm in antiretroviral therapy (ART) by offering the triple ARV FDC at USD 1-a-day, thus opening the floodgates for affordability and accessibility in HIV/AIDS treatment.
  • 2013: Cipla acquires 100% of share capital of Cipla Medpro (South Africa).
  • 2016: Cipla strengthens its presence in the US market with the acquisition of InvaGen Pharmaceuticals Inc. and Exelan Pharmaceuticals Inc. thus expanding its reach in the US market, with a balanced portfolio.
  • 2017: Cipla launches Synchrobreathe, a state of-the-art innovative breath-actuated inhaler, helping millions with Obstructive Airway Diseases such as asthma.
  • 2019: Cipla enters digital therapeutics by partnering with Wellthy Therapeutics in India and Brandmed in South Africa to bring together behavioural science, real world clinical evidence and artificial intelligence to provide real time monitoring, coaching and advice to patients.
  • 2020: Cipla leads the fight against COVID-19 through a spectrum of vital drugs that show potency against the virus. With unmatched portfolio of drugs and devices and leadership across India and key emerging markets, Cipla launches global lung leadership aspiration - Breathe. Think Cipla. In the US, the approval for generic AIbuterol MDI and successful Phase-3 completion of clinical study for generic Advair Diskus furthers this ambition.
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