Company Valuation: Lupin Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 463,185 339,061 294,760 737,220 925,229 1,037,011 - -
Change - -26.8% -13.07% 150.11% 25.5% 12.08% - -
Enterprise Value (EV) 1 476,416 366,521 324,269 751,894 944,572 1,031,180 994,476 960,632
Change - -23.07% -11.53% 131.87% 25.63% 9.17% -2.86% -3.4%
P/E ratio 38.2x -22.2x 68.8x 38.6x 28.3x 19.9x 22.5x 22.1x
PBR 3.36x 2.79x 2.36x 5.16x 5.41x 4.71x 3.95x 3.43x
PEG - 0x -1x 0x 0.4x 0.3x -3.01x 11.41x
Capitalization / Revenue 3.05x 2.07x 1.77x 3.68x 4.07x 3.78x 3.5x 3.32x
EV / Revenue 3.14x 2.23x 1.95x 3.76x 4.16x 3.69x 3.35x 3.08x
EV / EBITDA 18.6x 16.9x 18.8x 19.8x 17.9x 12.6x 13.1x 12.6x
EV / EBIT 28.4x 72.3x 38.6x 28.9x 23x 15.2x 16.4x 16x
EV / FCF 41.6x -68.2x 81.6x 27.6x 71.7x 19.5x 27.8x 21x
FCF Yield 2.4% -1.47% 1.23% 3.62% 1.39% 5.12% 3.6% 4.75%
Dividend per Share 2 6.5 4 4 8 12 18 13.06 12.51
Rate of return 0.64% 0.54% 0.62% 0.49% 0.59% 0.78% 0.58% 0.55%
EPS 2 26.72 -33.65 9.41 41.87 71.69 116.4 100.7 102.6
Distribution rate 24.3% -11.9% 42.5% 19.1% 16.7% 15.5% 13% 12.2%
Net sales 1 151,630 164,055 166,417 200,108 227,079 279,580 296,474 312,225
EBITDA 1 25,669 21,656 17,206 38,000 52,775 81,595 75,810 76,425
EBIT 1 16,795 5,069 8,399 26,032 41,083 67,840 60,498 60,198
Net income 1 12,165 -15,280 4,301 19,145 32,816 53,328 45,983 46,864
Net Debt 1 13,231 27,460 29,509 14,674 19,343 -26,138 -42,535 -76,379
Reference price 2 1,020.95 746.05 647.85 1,617.85 2,026.50 2,268.10 2,268.10 2,268.10
Nbr of stocks (in thousands) 453,680 454,475 454,981 455,679 456,565 457,216 - -
Announcement Date 12/05/21 18/05/22 09/05/23 06/05/24 14/05/25 07/05/26 - -
1INR in Million2INR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.85x3.77x13.3x0.59% 10.88B
33.11x12.04x24.78x0.6% 1,009B
24.88x5.74x15.6x2.29% 560B
27.82x6.77x13.84x3.02% 401B
17.55x4.34x10.65x3.07% 328B
53.89x5.01x20.35x2.77% 298B
23.42x4.85x13.81x1.8% 288B
20.62x5.32x12.95x3.06% 272B
12.56x4.71x9.62x4% 194B
22.73x6.08x10.62x2.89% 189B
Average 25.74x 5.86x 14.55x 2.41% 355.05B
Weighted average by Cap. 28.06x 7.31x 17.00x 2.14%

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. Equities
  3. 500257 Stock
  4. Valuation Lupin Limited