Cipla
- Market cap
- ₹ 1,08,011 Cr.
- P/E
- 30.2x
- P/B
- 3.12x
- 52-week range
- 1,165.7 – 1,593.3
- ROE
- 12%
- ROCE
- 15%
- Dividend yield
- 1%
- Debt / equity
- 0.02
- Sector
- Pharmaceuticals & Biotechnology
- Industry
- Pharmaceuticals
- Listed on
- NSE, BSE
About
Cipla Limited is an India-based global pharmaceutical company. The Company is engaged in manufacturing, developing and marketing a wide range of branded and generic formulations and Active Pharmaceutical Ingredients (APIs). The Company operates through two segments: Pharmaceuticals and New ventures. The Pharmaceuticals segment is engaged in developing, manufacturing, selling, and distributing generic or branded generic medicines, as well as Active Pharmaceutical Ingredients (API). The New ventures segment includes the operations of the Company, a consumer healthcare, Biosimilars and specialty business. Its product portfolio spans complex generics, as well as drugs in the respiratory, anti-retroviral, urology, cardiology, anti-infective and central nervous system (CNS). Its geographical segments include India, the United States, South Africa, and the Rest of the World. It has its network of manufacturing, trading and other incidental operations in India and International markets.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Pharmaceuticals: 221 companies →Cipla against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)30.2 against a typical 33.2: cheaper than most peers (1st = cheapest).103rd of 220
- Sales growth+2.3% against a typical +15.6% from a year earlier.144th of 197
- Profit growth−39.2% against a typical +18.9% from a year earlier.126th of 160
- Share price, 3 months−8.4% against a typical −2%.132nd of 200
- Size₹ 1,08,010.7 Cr. market value against a typical ₹ 507.7 Cr. (1st = largest).4th of 199
Latest announcements
Exchange filings and their impact on the company.
- Q2 FY27 results filed; run-rate points to flat sales with continued margin and profit pressure.
Cipla's board on 27 October 2026 approved unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026, with auditors giving an unmodified limited review conclusion. The filing also repeats the long-running NPPA pricing dispute disclosure of Rs 2,011 crore (principal Rs 863 crore plus interest) with no provision, and notes a small ESOP allotment to 80.79 crore shares. With sales running around Rs 7,100 crore per quarter, the results point to broadly flat revenue with profitability still below the FY25 peak.
- Cipla's US InvaGen plant cleared routine FDA inspection with zero observations.
Cipla said the US FDA inspected its wholly-owned InvaGen Pharmaceuticals facility in Hauppauge, New York from 19 to 22 October 2026. The inspection was a routine cGMP inspection and concluded with zero Form 483 observations. This confirms compliance at the US site and supports uninterrupted supply and future approvals from the facility.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Highest safety
Rated AAA by 2 agencies- All agencies agree and none has raised a warning.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE AAA / CARE A1+ | Stable | 10 Sep 2026 |
| India Ratings | IND AAA | Stable | 19 Dec 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 10 Sep 2026 | Reaffirmed | CARE AAA / CARE A1+ | — | CARE | ₹ 2,238 Cr. | |
| 19 Dec 2025 | Reaffirmed | IND AAA | — | India Ratings | ₹ 1,000 Cr. | |
| 26 Aug 2025 | Reaffirmed | CARE AAA / CARE A1+ | — | CARE | ₹ 2,268 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 27 Oct 2026 | Financial Results | Cipla limited has informed the Exchange about Board Meeting to be held on 27th October, 2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the quarter and half-year ended 30th September, 2026. |
| 23 Jul 2026 | Financial Results | To consider and approve the unaudited standalone and consolidated financial results of the Company for the quarter ended 30th June, 2026.In terms of the Company's Code of Conduct for prevention of Insider Trading, the 'Trading window' for dealing in the securities of the Company will be closed from Wednesday, 1st July, 2026 till Saturday, 25th July, 2026 (both days inclusive) for the purpose of financial results. |
| 13 May 2026 | Financial Results/Dividend/Other business matters | To consider and approve the financial results for the period ended March 31, 2026, dividend and other business matters |
| 23 Jan 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 30 Oct 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 25 Jul 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6,678 | 6,604 | 6,163 | 6,694 | 7,051 | 7,073 | 6,730 | 6,957 | 7,589 | 7,074 | 6,541 | 7,119 |
| Expenses | 4,944 | 4,856 | 4,847 | 4,978 | 5,165 | 5,084 | 5,192 | 5,179 | 5,695 | 5,819 | 5,586 | 5,927 |
| Operating Profit | 1,734 | 1,748 | 1,316 | 1,716 | 1,886 | 1,989 | 1,538 | 1,778 | 1,895 | 1,255 | 955 | 1,192 |
| OPM % | 26% | 26% | 21% | 26% | 27% | 28% | 23% | 26% | 25% | 18% | 15% | 17% |
| Other Income | 176 | −10 | 249 | 160 | 191 | 222 | 289 | 259 | 269 | −70 | 148 | 211 |
| Interest | 26 | 30 | 18 | 18 | 15 | 15 | 14 | 14 | 13 | 14 | 13 | 17 |
| Depreciation | 290 | 233 | 288 | 247 | 272 | 280 | 309 | 253 | 297 | 278 | 383 | 304 |
| Profit before tax | 1,594 | 1,474 | 1,259 | 1,611 | 1,789 | 1,916 | 1,504 | 1,770 | 1,854 | 893 | 707 | 1,082 |
| Tax % | 28% | 28% | 26% | 27% | 27% | 17% | 19% | 27% | 27% | 24% | 22% | 27% |
| Net Profit | 1,155 | 1,068 | 932 | 1,175 | 1,305 | 1,575 | 1,214 | 1,292 | 1,353 | 674 | 543 | 786 |
| EPS in Rs | 14.01 | 13.08 | 11.63 | 14.58 | 16.13 | 19.45 | 15.13 | 16.06 | 16.73 | 8.37 | 6.87 | 9.77 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 7%
- 5 Years
- 8%
- 3 Years
- 7%
- TTM
- 2%
- 10 Years
- 11%
- 5 Years
- 10%
- 3 Years
- 10%
- TTM
- −34%
- 10 Years
- 10%
- 5 Years
- 10%
- 3 Years
- 5%
- TTM
- —
- 10 Years
- 13%
- 5 Years
- 14%
- 3 Years
- 15%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Cipla | ₹ 1,365.60 | ₹ 1,08,011 Cr. | 30.2x | 3.1x | 12% | — |
| Sun Pharmaceutical Industries | ₹ 1,743.00 | ₹ 4,18,194 Cr. | 38.4x | 5.6x | 14.2% | 19.1% |
| Divi's Laboratories | ₹ 8,984.00 | ₹ 2,38,497 Cr. | 73.3x | 11.5x | 16.2% | 24.3% |
| Torrent Pharmaceuticals | ₹ 4,482.00 | ₹ 1,70,475 Cr. | 72.7x | 19.2x | 27.1% | 15.3% |
| Zydus Lifesciences | ₹ 1,127.85 | ₹ 1,12,503 Cr. | 21.2x | 4.2x | 19.7% | 18.5% |
| Lupin | ₹ 1,925.00 | ₹ 89,812 Cr. | 19.1x | 5x | 26.9% | 19.2% |
Management
- Achin Gupta
- Global Chief Executive Officer, Managing Director, Executive Director
- Ashish Adukia
- Global Chief Financial Officer
- Rajendra Kumar Chopra
- Compliance Officer, Company Secretary
Prices are delayed and for information only. Nothing on this page is investment advice.