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Lupin Ltd
NSE:LUPIN

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Lupin Ltd
NSE:LUPIN
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Price: 2 288.7 INR -0.98% Market Closed
Market Cap: ₹1T

P/S

4
Current
9%
More Expensive
vs 3-y average of 3.7

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
4
=
Market Cap
₹1T
/
Revenue
₹261.5B

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
4
=
Market Cap
₹1T
/
Revenue
₹261.5B

Valuation Scenarios

Lupin Ltd is trading above its 3-year average

If P/S returns to its 3-Year Average (3.7), the stock would be worth ₹2 103.81 (8% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-35%
Maximum Upside
No Upside Scenarios
Average Downside
18%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 4 ₹2 288.7
0%
3-Year Average 3.7 ₹2 103.81
-8%
5-Year Average 3.1 ₹1 757.39
-23%
Industry Average 3.8 ₹2 151.09
-6%
Country Average 2.6 ₹1 498.48
-35%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
₹1T
/
Jan 2026
₹261.5B
=
4
Current
₹1T
/
Mar 2026
₹279.9B
=
3.7
Forward
₹1T
/
Mar 2027
₹294.3B
=
3.6
Forward
₹1T
/
Mar 2028
₹307.9B
=
3.4
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
IN
Lupin Ltd
NSE:LUPIN
1.1T INR 4 22.5
US
Eli Lilly and Co
NYSE:LLY
804.2B USD 12.3 39
US
Johnson & Johnson
NYSE:JNJ
547.4B USD 5.7 26
CH
Roche Holding AG
SIX:ROG
248.4B CHF 4.2 20.1
UK
AstraZeneca PLC
LSE:AZN
212.4B GBP 4.9 28
US
Merck & Co Inc
NYSE:MRK
274.6B USD 4.2 15
CH
Novartis AG
SIX:NOVN
216.3B CHF 5 20.6
IE
Endo International PLC
LSE:0Y5F
244.4B USD 105.4 -83.6
DK
Novo Nordisk A/S
CSE:NOVO B
1.1T DKK 3.9 11.7
US
Pfizer Inc
NYSE:PFE
149.3B USD 2.4 19.2
US
Bristol-Myers Squibb Co
NYSE:BMY
115.9B USD 2.4 16.4
P/E Multiple
Earnings Growth PEG
IN
Lupin Ltd
NSE:LUPIN
Average P/E: 21.9
22.5
13%
1.7
US
Eli Lilly and Co
NYSE:LLY
39
32%
1.2
US
Johnson & Johnson
NYSE:JNJ
26
8%
3.3
CH
Roche Holding AG
SIX:ROG
20.1
14%
1.4
UK
AstraZeneca PLC
LSE:AZN
28
25%
1.1
US
Merck & Co Inc
NYSE:MRK
15
14%
1.1
CH
Novartis AG
SIX:NOVN
20.6
14%
1.5
IE
E
Endo International PLC
LSE:0Y5F
Negative Multiple: -83.6 N/A N/A
DK
Novo Nordisk A/S
CSE:NOVO B
11.7
0%
N/A
US
Pfizer Inc
NYSE:PFE
19.2
22%
0.9
US
Bristol-Myers Squibb Co
NYSE:BMY
16.4
16%
1

Market Distribution

In line with most companies in India
Percentile
65th
Based on 2 983 companies
65th percentile
4
Low
0 — 1.5
Typical Range
1.5 — 4.6
High
4.6 —
Distribution Statistics
India
Min 0
30th Percentile 1.5
Median 2.6
70th Percentile 4.6
Max 56 363.4

Lupin Ltd
Glance View

In the bustling landscape of the global pharmaceutical industry, Lupin Ltd. stands as a testament to the transformative power of innovation and strategic foresight. Founded in 1968 by Dr. Desh Bandhu Gupta, Lupin embarked on its journey with a clear vision: to deliver high-quality drugs at affordable prices. Over the years, it has adeptly navigated the complex world of pharmaceuticals to become a formidable player in the generics market. Its success is built on a robust portfolio that includes a diverse range of generic and branded formulations across many therapeutic segments such as cardiovascular, diabetology, asthma management, and anti-tuberculosis. The company prioritizes intensive research and development, paving the way for both the introduction of new generics and the development of advanced drug delivery systems. Such focus ensures Lupin maintains a competitive edge in both established markets like the United States and emerging markets across Asia and Africa. The company’s financial engine is powered largely by its extensive manufacturing and distribution capabilities, which are strategically positioned across the globe to maximize efficiency and meet demand. With state-of-the-art facilities in India supplemented by strategic acquisitions and partnerships overseas, Lupin produces a wide array of active pharmaceutical ingredients (APIs) and finished dosages, allowing it to capture value across different stages of the drug supply chain. This vertically integrated model not only enhances profit margins but also provides the agility to respond quickly to market shifts. Furthermore, Lupin's strategic emphasis on biosimilars and specialty drugs reinforces its commitment to innovation, unlocking new revenue streams amid growing global healthcare demands. As Lupin continues to expand its footprint, it remains anchored in its mission to improve healthcare outcomes, embodying a legacy where profitability harmoniously aligns with purpose.

LUPIN Intrinsic Value
1 805.65 INR
Overvaluation 21%
Intrinsic Value
Price ₹2 288.7
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