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Cipla Ltd
NSE:CIPLA

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Cipla Ltd
NSE:CIPLA
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Price: 1 238.2 INR 0.63% Market Closed
Market Cap: ₹1T

EV/EBITDA

13.9
Current
12%
Cheaper
vs 3-y median of 15.7

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
13.9
=
Enterprise Value
₹985.8B
/
EBITDA
₹64.7B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
13.9
=
Enterprise Value
₹985.8B
/
EBITDA
₹64.7B

Valuation Scenarios

Cipla Ltd is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (15.7), the stock would be worth ₹1 400.4 (13% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+53%
Average Upside
27%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 13.9 ₹1 238.2
0%
3-Year Average 15.7 ₹1 400.4
+13%
5-Year Average 16 ₹1 426.4
+15%
Industry Average 21.2 ₹1 888.72
+53%
Country Average 17.7 ₹1 576.24
+27%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
₹985.8B
/
Jan 2026
₹64.7B
=
13.9
Current
₹985.8B
/
Mar 2026
₹61.8B
=
15.9
Forward
₹985.8B
/
Mar 2027
₹65.4B
=
15.1
Forward
₹985.8B
/
Mar 2028
₹76.9B
=
12.8
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
IN
Cipla Ltd
NSE:CIPLA
994B INR 13.9 21.9
US
Eli Lilly and Co
NYSE:LLY
875.9B USD 28.7 42.4
US
Johnson & Johnson
NYSE:JNJ
563.9B USD 17.2 26.8
UK
AstraZeneca PLC
LSE:AZN
234.5B GBP 16.8 30.4
CH
Roche Holding AG
SIX:ROG
248.4B CHF 11.5 19.4
CH
Novartis AG
SIX:NOVN
225.3B CHF 12.6 20.3
US
Merck & Co Inc
NYSE:MRK
294.7B USD 10 16.1
IE
Endo International PLC
LSE:0Y5F
244.4B USD 386.8 -83.6
DK
Novo Nordisk A/S
CSE:NOVO B
1.1T DKK 8.3 11.3
US
Pfizer Inc
NYSE:PFE
156.7B USD 7.7 20.2
US
Bristol-Myers Squibb Co
NYSE:BMY
121.1B USD 7.2 17.2
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
IN
Cipla Ltd
NSE:CIPLA
Average EV/EBITDA: 47.3
13.9
2%
6.9
US
Eli Lilly and Co
NYSE:LLY
28.7
21%
1.4
US
Johnson & Johnson
NYSE:JNJ
17.2
8%
2.1
UK
AstraZeneca PLC
LSE:AZN
16.8
12%
1.4
CH
Roche Holding AG
SIX:ROG
11.5
6%
1.9
CH
Novartis AG
SIX:NOVN
12.6
5%
2.5
US
Merck & Co Inc
NYSE:MRK
10
4%
2.5
IE
E
Endo International PLC
LSE:0Y5F
386.8
N/A N/A
DK
Novo Nordisk A/S
CSE:NOVO B
8.3
2%
4.2
US
Pfizer Inc
NYSE:PFE
7.7
-8%
N/A
US
Bristol-Myers Squibb Co
NYSE:BMY
7.2
-10%
N/A
P/E Multiple
Earnings Growth PEG
IN
Cipla Ltd
NSE:CIPLA
Average P/E: 22.6
21.9
1%
21.9
US
Eli Lilly and Co
NYSE:LLY
42.4
32%
1.3
US
Johnson & Johnson
NYSE:JNJ
26.8
8%
3.4
UK
AstraZeneca PLC
LSE:AZN
30.4
25%
1.2
CH
Roche Holding AG
SIX:ROG
19.4
14%
1.4
CH
Novartis AG
SIX:NOVN
20.3
14%
1.5
US
Merck & Co Inc
NYSE:MRK
16.1
14%
1.2
IE
E
Endo International PLC
LSE:0Y5F
Negative Multiple: -83.6 N/A N/A
DK
Novo Nordisk A/S
CSE:NOVO B
11.3
0%
N/A
US
Pfizer Inc
NYSE:PFE
20.2
22%
0.9
US
Bristol-Myers Squibb Co
NYSE:BMY
17.2
16%
1.1

Market Distribution

In line with most companies in India
Percentile
38th
Based on 2 785 companies
38th percentile
13.9
Low
0.4 — 11.9
Typical Range
11.9 — 27.8
High
27.8 —
Distribution Statistics
India
Min 0.4
30th Percentile 11.9
Median 17.7
70th Percentile 27.8
Max 47 834.4

Cipla Ltd
Glance View

In the bustling heart of India's pharmaceutical landscape, Cipla Ltd. stands as a venerable name, tracing its roots back to 1935. Founded by Khwaja Abdul Hamied, Cipla embarked on a journey fueled by the vision of making healthcare accessible and affordable to the masses. Over decades, the company has morphed into a global pharmaceutical powerhouse, seamlessly integrating science and compassion. Cipla primarily operates through the production and sale of active pharmaceutical ingredients (APIs) and a wide array of generic medicines, catering to various therapeutic segments such as respiratory, anti-retroviral, urology, cardiology, and oncology. The company’s manufacturing prowess is underpinned by its state-of-the-art facilities, strategically located to serve markets across the globe, ensuring its competitive edge in quality and cost-efficiency. Cipla's revenue streams elegantly dance around its core philosophy—offering affordable medication without compromising quality. The company capitalizes on its robust R&D capabilities to develop and market generics that serve as cost-effective alternatives to patented medicines. Its business model thrives on the volume-driven sale of these generics, both in domestic and international markets. Additionally, Cipla reinforces its revenue through strategic partnerships and collaborations across the pharmaceutical value chain, and by out-licensing its products in various regions. By continually expanding its pipeline to include biosimilars and new drug delivery systems, Cipla not only strengthens its foothold in existing markets but also pioneers growth into new pharmaceutical frontiers.

CIPLA Intrinsic Value
1 110.28 INR
Overvaluation 10%
Intrinsic Value
Price ₹1 238.2
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