āagman

Not investment advice. Data and computed figures, for information only.

Cipla Ltd

NSE: CIPLAF&O
₹1,325.10
−₹2.90 (−0.22%)
NSE · 16 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹1,05,104 Cr
CMP
₹1,325.10
52-wk High / Low
₹1,673 / 1,166
P/E
29.4
P/B
3.1
Book Value
₹426.0
Div Yield
1.00%
ROCE
15.0%
ROE
11.6%
Face Value
₹2
D/E
0.02

Price−15.3% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 16 Oct 2026
How we compute these
Piotroski F-Score
4
/ 9
4 of 9 F-score tests passed
Graham Number
₹678
√(22.5 × EPS × book value per share)
ROIC
9.9%
vs 11.2% sector median
Cash flow to profit
1.02
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−881
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
8.2%
ROE × earnings retention ratio
ROE stability
2.2
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −2.35DII +2.64
Latest quarter vs the previous one
Cash-accrual divergence
−0.2%
of assets
Low = accruals track cash flow
Strengths
+Borrowings are down 88.2% since FY2016 (5202 to 614)
+Annualised volatility of 20.8% is in the low band (≤25%)
+PE of 29.4x is below the sector median of 45.9x
Watch-outs
−Latest ROCE of 15% trails the sector median of 17%
−Price trades below its 200-day moving average (1.0x)
−Promoter holding fell by 4.3pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales6,3296,6786,6046,1636,6947,0517,0736,7306,9577,5897,0746,5417,119
Expenses4,8354,9444,8564,8474,9785,1655,0845,1925,1795,6955,8195,5865,927
Operating Profit1,4941,7341,7481,3161,7161,8861,9891,5381,7781,8951,2559551,192
OPM %23.6%26.0%26.5%21.4%25.6%26.7%28.1%22.9%25.6%25.0%17.7%14.6%16.7%
Other Income136176−10249160191222289259269−70148211
Interest16263018181515141413141317
Depreciation239290233288247272280309253297278383304
Profit before tax1,3751,5941,4741,2591,6111,7891,9161,5041,7701,8548937071,082
Net Profit9981,1551,0689321,1751,3051,5751,2141,2921,353674543786
EPS (₹)12.3314.0113.0811.6314.5816.1319.4515.1316.0616.738.376.879.77

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales11,34513,79014,39415,15616,36217,13219,16021,76322,75325,77427,54828,16328,324
Expenses9,18311,31011,89812,32913,26513,92614,90717,21117,72619,48320,42022,28023,027
Operating Profit2,1632,4802,4962,8263,0973,2064,2524,5535,0276,2917,1285,8835,297
OPM %19.1%18.0%17.3%18.6%18.9%18.7%22.2%20.9%22.1%24.4%25.9%20.9%18.7%
Other Income16420820828047734426699293552862606558
Interest16820715911416819716110611090625457
Depreciation5057541,3231,3231,3261,1751,0681,0521,1721,0511,1071,2111,262
Profit before tax1,6541,7271,2221,6692,0792,1783,2903,4934,0385,7026,8215,2244,536
Net Profit1,2291,3831,0351,4171,4921,5002,3892,5472,8334,1545,2693,8623,356
EPS (₹)14.7116.9312.5117.5218.9619.1829.8231.1934.7151.0565.2848.0241.74

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital161161161161161161161161161161162162—
Reserves10,64111,35612,38314,06814,85115,60218,16520,68023,24626,54531,03234,270—
Borrowings1,7035,2024,1134,0984,3162,8162,0141,056803559438614—
Other Liabilities3,1664,3314,2134,3464,4334,8434,5144,9605,0895,2675,7027,297—
Total Liabilities15,67021,04920,86922,67323,76223,42324,85526,85729,30032,53337,33442,343—
Fixed Assets6,8309,3689,4929,9509,6089,6839,5169,6839,1609,60710,00612,434—
CWIP5812,0611,6839816768259697661,0931,1531,5662,042—
Investments6407599731,2592,5541,4712,7102,5513,6625,4497,9338,223—
Other Assets7,6208,8628,72110,48310,92311,44411,66113,85715,38416,32317,82819,643—
Total Assets15,67021,04920,86922,67323,76223,42324,85526,85729,30032,53337,33442,343—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1,5631,1731,7412,3821,4631,6913,0683,7553,3263,2384,1345,0053,940
Cash from Investing Activity−1,265−950−4,533−1,304−834−1,688114−2,374−1,858−2,376−2,982−3,682−2,234
Cash from Financing Activity−2661653,104−1,326−385−349−2,949−1,240−1,600−958−1,200−1,293−1,234
Net Cash Flow33388312−248243−345234141−132−97−4930473

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %19.015.013.07.09.011.012.017.017.018.023.023.015.0
ROE %————————————11.6
EPS (₹)17.2914.7116.9312.5117.5218.9619.1829.8231.1934.7151.0565.2848.02
Book Value (₹)————————————426.0
Face Value (₹)————————————2
P/E————————————29.4
Div Yield %————————————1.00
NPM %13.810.79.97.19.28.98.612.311.712.315.818.513.4
OPM %21.019.018.017.019.019.019.022.021.022.024.026.021.0
D/E0.120.160.450.330.290.290.180.110.050.030.020.010.02
P/B————————————3.1

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+7.0%
5 years+8.0%
3 years+7.0%
TTM+2.0%
Compounded profit growth
10 years+11.0%
5 years+10.0%
3 years+10.0%
TTM−34.0%
Stock price CAGR
10 years+8.0%
5 years+7.0%
3 years+4.0%
Last year−17.0%
Return on equity
10 years13.0%
5 years14.0%
3 years15.0%
Last year12.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters37.48%37.48%37.21%36.70%36.68%36.73%33.63%33.55%33.46%29.20%29.22%29.22%
FIIs20.20%20.20%24.18%26.63%17.98%23.26%26.65%27.42%25.82%26.28%22.55%20.20%
DIIs15.85%15.85%13.92%14.18%22.63%17.17%21.99%21.83%24.15%27.89%31.71%34.35%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.21%0.21%0.26%0.27%0.28%
Public26.47%26.47%24.69%22.49%22.71%22.84%17.73%16.99%16.36%16.36%16.26%15.93%
No. of shareholders2,20,7592,20,7592,01,0962,13,1392,42,9103,64,7964,18,5844,75,2934,36,1545,43,4205,84,2175,78,679
Change since Jun 2023 (pp)
Promoters −8.26FIIs +0.00DIIs +18.50Public −10.54

Documents

As of 11 Oct 2026
Announcements
Board Meeting Intimation for The Quarter And Half Year Ended 30Th September, 2026 Under SEBI (LODR) Regulations, 2015Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSAnnouncement under Regulation 30 (LODR)-Change in ManagementIntimation Under Regulation 30 Read With Schedule III Of The SEBI (LODR) Regulations, 2015Announcement under Regulation 30 (LODR)-Press Release / Media Release
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Jul 2026TranscriptJul 2026PPTJul 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingJan 2026TranscriptJan 2026PPTJan 2026RecordingNov 2025TranscriptNov 2025PPTNov 2025RecordingJul 2025TranscriptJul 2025PPTJul 2025Recording

Corporate actions

As of 5 Jun 2026
5 Jun 2026DIVIDENDDividend - Rs 13 Per Share—
27 Jun 2025DIVIDENDDividend - Rs 13 Per Share/Special Dividend - Rs 3 Per Share—
2 Aug 2024DIVIDENDDividend - Rs 13 Per Share—
21 Jul 2023DIVIDENDDividend - Rs 8.50 Per Share—
8 Aug 2022DIVIDENDDividend - Rs 5 Per Share—
9 Aug 2021DIVIDEND Annual General Meeting/Dividend - Rs 5 Per Share—
19 Mar 2020DIVIDEND Interim Dividend - Rs 3 Per Share Special Dividend - Re 1 Per Share—
31 Jul 2019DIVIDEND Annual General Meeting/Dividend - Rs 3 Per Share—
13 Aug 2018DIVIDEND Annual General Meeting/Dividend- Rs 3 Per Share—
26 Jul 2017DIVIDEND Annual General Meeting/Dividend - Rs 2/- Per Share—
12 Sep 2016DIVIDEND Annual General Meeting/Dividend Rs 2/- Per Share—
11 Aug 2015DIVIDENDAnnual General Meeting/Dividend - Rs 2/- Per Share—
6 Aug 2014DIVIDENDAnnual General Meeting/Dividend Rs 2/- Per Equity Share—
6 Aug 2013DIVIDENDAnnual General Meeting/Dividend Rs 2/- Per Equity Share—
1 Aug 2012DIVIDENDAnnual General Meeting And Dividend - Rs.2/- Per Share—
9 Aug 2011DIVIDENDAnnual General Meeting And Dividend Rs.2/- Per Share—
3 Sep 2010DIVIDENDSpecial Interim Dividend Re.0.80 Per Share—
23 Jul 2010DIVIDENDAnnual General Meeting And Dividend Rs.2/- Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman