On 6 Nov 2026, Cipla was priced at ₹1,411.00, or 39.4× trailing earnings, against an industry P/E of 28.7×. Sales and net profit grew 7.2% and 11% a year over 3 years, with ROCE of 15% and ROE of 8.3%. It carries very little debt, and its dividend yield is 0.9%. It is a large-cap company with a market cap of ₹1.1 lakh crore, ranked 7th of 154 Drug Manufacturers (Specialty & Generic) companies by market cap; the shares fell 6.6% over the past year.
- ₹1,387.00
- ₹1,411.00
- ₹1,382.00
- ₹1,404.10
- 15.7 L
Health check
- ReturnsBehind
−6.6% over a year, better than 0 of 7 peers.
- Price tagPricier
P/E 39.4 vs industry 28.7.
- GrowthSlow
Sales +7.2%, profit +11.5% a year over 3 years.
- ProfitabilityAverage
ROCE 14.9% vs peer median 17.9%.
- Balance sheetFair
Practically debt-free, Piotroski 4 of 9.
- Red flags2 to check
Quarterly profit down 35.0% on a year ago.
Large cap
Market sensitivity
Key metrics
- Market cap
- ₹1.1L Cr
- Large cap
- P/E
- 39.4
- Industry 28.7
- Price to book
- 3.22
- Peers 5.97
- Dividend yield
- 0.92%
- ROE
- 8.3%
- Peers 14.7%
- ROCE
- 14.9%
- Peers 17.9%
- Debt to equity
- 0.02
- Debt ₹699 Cr
- EPS (TTM)
- ₹35.84
- Face value ₹2
- OPM (TTM)
- 17.3%
- Net margin 10.4%
- Sales growth
- −1.1%
- Latest quarter vs a year ago
- Profit growth
- −35.0%
- Latest quarter vs a year ago
- Price to sales
- 4.07
- EV/EBITDA 22.6
Strengths and risks
Strengths
- Practically debt-free.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly profit down 35.0% on a year ago.
- Quarterly sales down 1.1% on a year ago.
About Cipla
Cipla Limited, together with its subsidiaries, manufactures, develops, sells, and distributes pharmaceutical products in India, the United States, South Africa, and internationally. It offers generic and branded generic medicines, vaccines, active pharmaceutical ingredients, and formulations for various therapeutic areas, such as MI, angina, heart disease, pulmonary disease, kidney disorders, alzheimer's disease, hypertension, arrhythmia, lipid…
- Headquarters
- Mumbai
- Employees
- 31,369
- Sector
- Healthcare
- ISIN
- INE059A01026
- Website
- cipla.com
Price range
- Avg volume (3M)
- 10 L
- 1-year return
- minus 6.6%
- From 52-week high
- minus 8.4%
Analyst consensus
Next results expected around 21 Jan 2027
Peers · Drug Manufacturers - Specialty & Generic
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SUNPHARMASun Pharmaceutical Industries | 1,860.00 | plus 1.69% | 4,46,276 | 40.7 | 4.99 | 17.9% | 13.1% | 28.2% | 10.4% | 10.6% | 0.86% | plus 8.2% |
| DIVISLABDivi's Laboratories | 10,320.50 | plus 1.78% | 2,73,977 | 93.6 | 16.35 | 19.0% | 16.2% | 34.9% | 11.0% | 12.1% | 0.29% | plus 49.0% |
| TORNTPHARMTorrent Pharmaceuticals | 4,750.00 | plus 0.85% | 1,80,675 | 80.2 | 9.83 | 9.1% | 15.7% | 33.7% | 13.3% | 20.2% | 0.80% | plus 31.7% |
| LAURUSLABSLaurus Labs | 2,340.00 | minus 0.26% | 1,26,433 | 94.4 | 20.86 | 19.5% | 24.0% | 30.4% | 3.8% | 4.0% | 0.09% | plus 138.6% |
| ZYDUSLIFEZydus Lifesciences | 1,197.90 | plus 0.41% | 1,19,491 | 28.6 | 4.29 | 19.0% | 14.7% | 26.2% | 16.5% | 37.0% | 0.08% | plus 22.8% |
| DRREDDYDr. Reddy's Laboratories | 1,373.00 | plus 0.51% | 1,14,462 | 40.9 | 2.96 | 14.2% | 7.3% | 15.9% | 11.0% | −1.7% | 0.58% | plus 13.8% |
| CIPLACipla | 1,411.00 | plus 0.49% | 1,13,993 | 39.4 | 3.22 | 14.9% | 8.3% | 17.3% | 7.2% | 11.5% | 0.92% | minus 6.6% |
| MANKINDMankind Pharma | 2,540.00 | plus 0.87% | 1,04,913 | 46.8 | 5.97 | 13.7% | 13.6% | 26.5% | 17.7% | 14.3% | 0.00% | plus 6.3% |
| Median of 7 peers | – | 0.85% | 1,26,433 | 46.8 | 5.97 | 17.9% | 14.7% | 28.2% | 11.0% | 12.1% | 0.29% | 22.8% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 6,837 | 6,963 | 6,464 | 7,077 | 7,368 | |
| 5,059 | 5,708 | 5,467 | 5,885 | 5,980 | |
| 1,778 | 1,255 | 997 | 1,192 | 1,388 | |
| 26.0% | 18.0% | 15.4% | 16.8% | 18.8% | |
| 259 | 206 | 148 | 211 | 151 | |
| 14.1 | 14 | 13.1 | 17 | 16.7 | |
| 253 | 278 | 383 | 304 | 345 | |
| – | −276 | −42 | – | – | |
| 1,770 | 893 | 707 | 1,082 | 1,177 | |
| 27.0% | 24.5% | 22.2% | 27.3% | 27.2% | |
| 1,298 | 676 | 555 | 789 | 878 | |
| 16.06 | 8.36 | 6.86 | 9.76 | 10.85 |
Profit & loss
- Sales CAGR 3Y
- +7.2%
- Profit CAGR 3Y
- +11.5%
- EPS CAGR 3Y
- +11.4%
- ROE
- 8.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 22,473 | 25,447 | 27,145 | 27,712 | |
| – | +13.2% | +6.7% | +2.1% | |
| 17,436 | 19,027 | 20,006 | 21,783 | |
| 5,037 | 6,420 | 7,140 | 5,929 | |
| 22.4% | 25.2% | 26.3% | 21.4% | |
| 77.7 | 383 | 292 | 326 | |
| 94.6 | 71.1 | 44 | 48.2 | |
| 1,019 | 1,051 | 995 | 1,084 | |
| 37.4 | 21.2 | 429 | 100 | |
| 4,038 | 5,702 | 6,821 | 5,224 | |
| 29.8% | 27.1% | 22.4% | 25.9% | |
| 2,802 | 4,122 | 5,273 | 3,879 | |
| – | +47.1% | +27.9% | minus 26.4% | |
| 34.69 | 51.01 | 65.24 | 48.00 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 161 | 161 | 162 | 162 | |
| 23,246 | 26,545 | 31,032 | 34,270 | |
| 803 | 559 | 438 | 614 | |
| 5,252 | 5,452 | 5,755 | 7,450 | |
| 29,463 | 32,718 | 37,387 | 42,496 | |
| 5,883 | 6,171 | 6,705 | 7,983 | |
| 892 | 1,102 | 1,443 | 1,943 | |
| 483 | 923 | 670 | 1,510 | |
| 6,263 | 7,779 | 10,609 | 10,028 | |
| 15,943 | 16,743 | 17,959 | 21,032 | |
| 29,463 | 32,718 | 37,387 | 42,496 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3,238 | 4,134 | 5,005 | 3,940 | |
| −2,389 | −2,988 | −3,691 | −2,326 | |
| −958 | −1,200 | −1,293 | −1,234 | |
| −109 | −54.6 | 21.1 | 380 | |
| −1,183 | −1,349 | −1,548 | −3,079 | |
| 2,055 | 2,785 | 3,457 | 861 | |
| −404 | −686 | −1,050 | −1,292 |
Shareholding pattern
- Promoters29.21%
- Public70.79%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 29.21% | 70.79% | 0.00 | |
| 30 Jun 2026 | 29.21% | 70.79% | 0.00 | |
| 31 Mar 2026 | 29.21% | 70.79% | 0.00 | |
| 31 Dec 2025 | 29.21% | 70.79% | 0.00 | |
| 30 Sep 2025 | 29.21% | 70.79% | – |
Major shareholders
Filings & events
News
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