CiplaNSE: CIPLABSE: 500087Healthcare · Pharmaceuticals

₹1,473.206.80 (0.46%)

Mkt Cap: ₹1.19 L Cr.
P/E (TTM): 35.08
Open: ₹1,473.40
Day's Range: ₹1,462.30 – ₹1,478.80
52W Range: ₹1,165.70 – ₹1,673.00
Div Yield: 0.88%
EPS (TTM): ₹41.72
Book Value: ₹426.25

Cipla Financial Statements

Name: Cipla Financials — historical data
Creator: StockeZee

For Mar 2026, Cipla reported revenue of ₹28,163 crore and net profit of ₹3,879 crore. Return on equity stands at 11.60%. Profit & loss, balance sheet and cash flow across 9 reported years are below.

Updated 31 Jul 2026Source: NSE & BSE company filingsNifty 50 constituent

Latest year revenue: ₹28,163 Cr
EBITDA: ₹5,883 Cr
Operating margin: 20.89%
Profit after tax: ₹3,879 Cr
Net margin: 13.77%
EPS: ₹48.02
Latest year: Mar 2026
Years reported: 9

Cipla profit & loss

Reported annual performance for Cipla, oldest to newest. Figures in ₹ crore unless a row states otherwise.

Cipla annual profit and loss statement. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue from Operations	15,219	16,362	17,132	19,160	21,763	22,753	25,774	27,548	28,163
Sales Growth YoY %	—	7.51%	4.7%	11.84%	13.59%	4.55%	13.28%	6.88%	2.23%
Other Income	358	477	344	266	281	475	747	862	882
Total Income	15,577	16,839	17,476	19,426	22,044	23,229	26,521	28,409	29,045
Cost of Goods Sold (COGS)	5,438	5,784	5,991	7,352	8,496	8,252	8,820	8,929	9,549
Cost of Materials Consumed	4,497	4,285	4,377	4,886	5,533	5,520	5,221	5,410	5,842
Purchases of Stock-in-Trade	1,174	1,452	1,859	2,658	3,687	2,829	3,536	3,851	4,451
Changes in Inventories	-233	47	-245	-193	-725	-96	63	-332	-744
Gross Profit	9,781	10,578	11,141	11,808	13,268	14,501	16,955	18,619	18,613
Gross Margin %	64.27%	64.65%	65.03%	61.63%	60.96%	63.73%	65.78%	67.59%	66.09%
Total Operating Expenses	6,954	7,481	7,935	7,555	8,715	9,474	10,663	11,491	12,731
Employee Benefit Expense	2,690	2,857	3,027	3,252	3,530	3,830	4,310	4,833	5,366
Other Expenses	4,264	4,624	4,908	4,303	5,185	5,644	6,353	6,658	7,364
EBITDA	2,826	3,097	3,206	4,252	4,553	5,027	6,291	7,128	5,883
OPM %	18.57%	18.93%	18.71%	22.19%	20.92%	22.09%	24.41%	25.87%	20.89%
Total Non-Operating Expenses	1,360	1,495	1,372	1,228	976	1,099	946	1,169	989
Depreciation & Amortisation	1,323	1,326	1,175	1,068	1,052	1,172	1,051	1,107	1,211
Finance Costs	114	168	197	161	106	110	90	62	54
Exceptional Items (Before Tax)	-78	0	0	0	-182	-182	-195	0	-276
Profit Before Tax (PBT)	1,669	2,079	2,178	3,290	3,493	4,038	5,702	6,821	5,224
Tax Expense	250	570	631	889	934	1,203	1,547	1,530	1,354
Current Tax	561	748	683	1,053	1,137	1,265	1,697	1,708	1,441
Deferred Tax	-311	-178	-52	-164	-203	-62	-150	-179	-87
Effective Tax %	14.98%	27.39%	28.98%	27.01%	26.73%	29.79%	27.12%	22.43%	25.92%
Total Profit for Period	1,417	1,492	1,500	2,389	2,547	2,833	4,154	5,269	3,862
Less: Non-controlling Interests	6	-35	-47	-16	30	31	32	-3	-17
Net Profit (Owner's PAT)	1,411	1,528	1,547	2,405	2,517	2,802	4,122	5,273	3,879
Net Profit Margin %	9.27%	9.34%	9.03%	12.55%	11.56%	12.31%	15.99%	19.14%	13.77%
PAT Growth YoY %	—	8.31%	1.23%	55.5%	4.65%	11.33%	47.1%	27.93%	-26.43%
Earnings Per Share (EPS)	₹17.52	₹18.96	₹19.18	₹29.82	₹31.19	₹34.71	₹51.05	₹65.28	₹48.02
Diluted Shares Outstanding (Cr.)	81	81	81	81	81	81	81	81	81
Profit/Loss from Associates	-3	-17	-47	-13	-13	-3	-2	-22	-8
Other Comprehensive Income (Net of Tax)	394	-290	-129	161	384	138	-121	219	688
Expenses	13,907	14,760	15,298	16,136	18,551	19,190	20,819	21,589	23,821
Material Cost %	29.55%	26.19%	25.55%	25.5%	25.42%	24.26%	20.25%	19.64%	20.74%
Employee Cost %	17.68%	17.46%	17.67%	16.97%	16.22%	16.83%	16.72%	17.54%	19.05%
Other Cost %	28.02%	28.26%	28.65%	22.46%	23.82%	24.8%	24.65%	24.17%	26.15%
Interest Coverage (x)	13.16	10.51	10.29	19.82	32.92	35.19	58.3	97.1	85.9

Cipla revenue and profit trend

Reported annual revenue and net profit, oldest to newest. Two panels because the two measures live on different scales — one shared axis would distort both.

Cipla balance sheet

Assets, liabilities and shareholders' equity as reported, in Schedule III order. Figures in ₹ crore unless a row states otherwise.

Cipla annual balance sheet with assets, liabilities and equity. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Equity	15,344	16,057	18,586	21,117	23,714	26,802	31,289	34,520
Equity Share Capital	161	161	161	161	161	161	162	162
Reserves & Surplus	14,851	15,602	18,165	20,680	23,246	26,545	31,032	34,270
Equity Method Investments	234	235	228	46	91	130	140	112
Total Equity	15,344	16,057	18,586	21,117	23,714	26,802	31,289	34,520
Non-Current Liabilities	4,848	3,212	1,975	1,071	640	670	614	962
Long-term Borrowings	3,830	2,369	1,203	416	—	—	12	117
Deferred Tax Liabilities	425	365	297	244	163	185	54	153
Non-Current Provisions	121	133	116	100	102	129	149	158
Other Non-Current Liabilities	83	67	64	51	52	62	57	49
Non-Current Financial Liabilities	4,218	2,646	1,498	675	323	293	355	602
Current Liabilities	3,772	4,393	4,591	4,913	5,033	5,246	5,484	7,014
Short-term Borrowings	486	447	335	408	520	247	80	141
Trade Payables	1,948	2,282	2,067	2,508	2,457	2,474	2,837	3,230
Current Financial Liabilities	2,833	3,259	3,136	3,360	3,446	3,300	3,398	4,448
Other Current Financial Liabilities	398	530	734	444	468	579	480	1,078
Other Current Liabilities	143	176	359	311	284	312	293	301
Current Provisions	737	948	1,078	1,221	1,287	1,612	1,717	2,259
Liabilities Held for Sale	—	—	0	0	76	—	—	—
Current Tax Liabilities	59	9	18	21	17	22	77	5
Total Liabilities	8,619	7,605	6,566	5,984	5,750	5,915	6,098	7,976
Total Non-Current Assets	11,537	11,956	11,942	12,374	12,188	13,276	14,099	18,349
Property, Plant & Equipment (PPE)	5,114	5,128	4,956	5,164	4,991	5,069	5,262	6,040
Capital Work-in-Progress	331	421	571	383	689	864	1,213	1,586
Intangible Assets	1,563	1,497	1,430	1,320	1,126	1,313	1,363	2,640
Investment Property	62	124	122	61	60	114	111	—
Non-Current Investments	194	220	195	310	482	512	499	432
Loans – Non-Current	49	52	53	0	—	17	33	3
Other Non-Current Assets	480	660	624	219	806	761	925	1,231
Non-Current Financial Assets	336	314	291	1,211	581	1,038	815	1,629
Net Fixed Assets	7,008	7,046	6,957	6,867	6,806	7,246	7,838	10,266
Total Current Assets	12,425	11,704	13,181	14,711	16,805	19,392	23,249	24,146
Inventories	3,965	4,378	4,669	5,350	5,156	5,238	5,642	6,597
Trade Receivables	4,151	3,891	3,446	3,424	4,057	4,771	5,506	5,620
Cash & Cash Equivalents	508	742	793	678	628	640	589	1,018
Current Investments	2,126	1,017	2,286	2,195	3,090	4,807	7,293	7,679
Loans – Current	6	6	3	4	8	0	16	23
Current Financial Assets	7,399	6,440	7,618	8,450	10,800	13,254	16,552	16,090
Other Current Assets	1,060	887	894	911	849	900	1,055	1,459
Other Current Financial Assets	498	522	482	898	2,081	2,802	2,937	1,460
Assets Held for Sale	2	2	28	17	470	49	40	1
Net Working Capital	8,653	7,311	8,590	9,798	11,772	14,147	17,765	17,132
Additional Asset Fields	533	534	574	725	762	684	741	989
Def Tax Assets	201	240	315	449	457	588	645	901
Non Controlling Int	332	294	259	276	306	96	96	88
Total Assets	23,963	23,663	25,152	27,101	29,463	32,718	37,387	42,496
Total Borrowings	4,316	2,816	1,537	824	520	247	92	258
Net Debt	3,808	2,074	744	146	-107	-393	-497	-760
Debt to Equity (x)	0.28	0.18	0.08	0.04	0.02	0.01	0	0.01
Current Ratio (x)	3.29	2.66	2.87	2.99	3.34	3.7	4.24	3.44

Cipla cash flow statement

Cash generated and used across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.

Cipla annual cash flow statement across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Net Cash from Operating Activities	3,326	3,238	4,134	5,005	3,940
Profit Before Tax	3,493	4,038	5,702	6,821	5,224
Depreciation & Amortisation	1,052	1,172	1,051	1,107	1,253
Finance Costs	106	110	90	62	54
Working Capital Changes	-218	-559	-806	-665	-225
Tax Paid	-1,140	-1,302	-1,597	-1,668	-1,586
Net Cash from Investing Activities	-1,872	-2,389	-2,988	-3,691	-2,326
Purchase of PPE	-544	-841	-1,098	-1,162	-1,599
Sale of Fixed Assets	35	48	28	16	50
Interest Received	47	114	208	260	223
Net Cash from Financing Activities	-1,600	-958	-1,200	-1,293	-1,234
Proceeds from Borrowings	35	0	0	12	188
Repayment of Borrowings	-1,041	-352	-300	-98	0
Interest Paid	-76	-65	-65	-36	-37
Dividend Paid	-403	-404	-686	-1,050	-1,292
Buyback / Redemption of Shares	0	0	0	0	0
Lease Liabilities Paid	-92	-134	-77	-80	-108
Net Change in Cash	-132	-97	-49	30	473
Effect of Foreign Exchange Changes	13	12	6	9	93
Free Cash Flow	2,782	2,397	3,036	3,843	2,341
CFO / PBT (x)	0.95	0.8	0.73	0.73	0.75

Cipla key ratios

Valuation, profitability, return, leverage and per-share measures computed from reported statements — not from adjusted or normalised earnings.

Cipla trades at a P/E of 35.08× against a sector median of 42.68× — a 18% discount. Sector comparisons can mislead for conglomerates with mixed business lines.

Cipla valuation, profitability, return and leverage ratios
Ratio	Category	Value
P/E (TTM)	Valuation	35.08
Forward P/E	Valuation	23.07
P/B	Valuation	3.43
PEG (TTM)	Valuation	1.09
EV / EBITDA (TTM)	Valuation	17.07
P/S (TTM)	Valuation	4.22
Operating margin	Profitability	20.9%
Net margin (TTM)	Profitability	13.96%
Return on equity	Return ratios	11.6%
Return on capital employed	Return ratios	15.5%
Return on assets	Return ratios	7.58%
Debt to equity	Leverage & liquidity	0.02
Beta	Leverage & liquidity	0.55
EPS (TTM)	Per share	₹41.72
Book value	Per share	₹426.25
Revenue / share (TTM)	Per share	₹332.51
Cash flow / share	Per share	₹48.77
Dividend yield	Shareholder returns	0.88%
Dividend payout (TTM)	Shareholder returns	33.35%

How this is calculated

Statements are as filed with the exchanges. Consolidated figures are shown where reported. Figures are in rupees crore unless the table states otherwise. Ratios are computed from the same reported statements, not from adjusted or normalised earnings.

Index membership reflects the Nifty 100 as published by NSE Indices, effective 2026-03-30.

Cipla: frequently asked questions

What is Cipla's annual revenue?

Cipla reported revenue of ₹28,163 crore in Mar 2026, up 2.2% on the previous financial year.

Is Cipla profitable?

Cipla reported a net profit of ₹3,879 crore in Mar 2026, down 26.4% on the previous financial year.

What is Cipla's EPS?

Cipla reported earnings per share of ₹48.02 for Mar 2026.

What is Cipla's operating margin?

Cipla's operating margin for Mar 2026 was 20.89%.

What is Cipla's return on equity?

Cipla's return on equity stands at 11.60%. ROE measures profit generated per rupee of shareholder equity.

How many years of Cipla financials are shown?

9 reported financial years are tabulated on this page, the most recent being Mar 2026.

Are these figures consolidated or standalone?

Consolidated figures are shown wherever the company reports them, and standalone otherwise. The basis in use is labelled on the statement table.

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Disclaimer

The data, ratios and commentary about Cipla Ltd (CIPLA) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.