LUPINHealthcare

Lupin Limited

Pharmaceuticals · ISIN INE326A01037 · BSE 500257 · NSE EQ · FV ₹2
Last price
₹2,098
+2.60%today
What this company does

Lupin Limited operates in Pharmaceuticals, part of the Healthcare sector. It booked ₹8,277 cr of revenue in its latest quarter (Q1 FY27) and kept 17.1% of sales as profit. It is the 9th largest of 9 Pharmaceuticals companies we track, by market value.

77out of 100
Equitytale Health Score
Solid

Healthier than 77% of companies in Healthcare, on all six measures of filed financials. Each measure is ranked against the 81–150 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
35

At close. Not part of the score.

Profitability & returns86

How much profit it earns on the money it employs

Balance sheet52

How much it owes, and whether earnings cover the interest

Cash quality70

Whether reported profit actually arrives as cash

Growth & consistency88

Whether sales and profit have grown, and how steadily

Valuation77

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 17% net margin
Sales up 32% vs last year
Profit up 16% vs last year
Promoters hold 47%
No promoter shares pledged
Strong 25% return on equity
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in LUPIN?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹2,098 +2.60%
latest close · 2026-09-17
1-year return
+123.8%
52-wk low ₹58352-wk high ₹2,524
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio16.9Average
LowAverageHigh
P/B ratio4.27High
Below bookModerateHigh
EV / EBITDA9.5Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity25.2%Strong
WeakFairStrong ▸15%
Return on capital33.1%Strong
WeakFairStrong
Net margin17.1%Strong
ThinDecentStrong
EBITDA margin31.2%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.26Comfortable
LowModerateHigh ▸1
Interest cover19.4×Strong
RiskyOkayStrong ▸5×
Current ratio1.90Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹95,936 cr
Book value
₹491
EPS
₹30.95
latest quarter
Net debt
₹1,742 cr
owes more than its cash
Enterprise value
₹97,678 cr
EBITDA
₹10,319 cr
annualised
EBIT
₹8,508 cr
annualised
Operating margin
25.7%
Return on assets
14.8%
Earnings yield
5.90%
P/S
2.90
Sales / share
₹724.1
Tax rate
29.8%
Face value
₹2
Shares
45.7 cr
Working capital
₹11,376 cr
Current assets
₹24,027 cr
Current liabilities
₹12,651 cr
Delivery %
57.1%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹698₹1,034, midpoint ₹866

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹8,277 cr
Other Income₹130 cr
Total Income₹8,407 cr
Cost of Materials₹1,312 cr
Purchases of Stock-in-Trade₹842 cr
Inventory Change (±)₹-65 cr
Employee Benefit Expense₹1,383 cr
Finance Costs₹110 cr
Depreciation & Amortisation₹453 cr
Other Expenses₹2,355 cr
Total Expenses₹6,390 cr
Profit before Tax₹2,017 cr
Tax Expense₹600 cr
Share of JV / Associates₹-2 L
Net Profit₹1,417 cr
Net margin on total income16.9%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹2,089 cr24.9%
Employee benefit expense₹1,383 cr16.5%
Finance costs₹110 cr1.3%
Depreciation & amortisation₹453 cr5.4%
Other expenses₹2,355 cr28.0%
Tax expense₹600 cr7.1%
Profit for the period₹1,417 cr16.9%
Total income ₹8,407 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue7,168 cr7,475 cr8,277 cr
Total income7,282 cr7,615 cr8,407 cr
Expenses5,334 cr5,556 cr6,390 cr
Profit before tax1,522 cr1,928 cr2,017 cr
Tax342 cr459 cr600 cr
Net profit (owners' share)1,176 cr1,460 cr1,415 cr
Net margin (owners' share, on revenue)16.4%19.5%17.1%
EPS (₹)25.7431.9630.95
YoY (latest quarter): total income +32.5% · net profit +16.1%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹38,365 cr
Shareholder equity
₹22,448 cr
parent shareholders
Total debt
₹5,910 cr
Cash
₹4,168 cr
Cash flow · H1 FY26
Operating
₹2,789 cr
Investing
₹-2,728 cr
Financing
₹-277 cr
Peer comparison
Pharmaceuticals · by market value
CompanyPriceMarket capP/E
Sun Pharmaceutical Industries Limited₹1,867₹4.48 L cr38.6
Divi's Laboratories Limited₹9,323₹2.47 L cr68.7
Torrent Pharmaceuticals Limited₹4,875₹1.65 L cr82.0
Zydus Lifesciences Limited₹1,135₹1.13 L cr30.4
Cipla Limited₹1,376₹1.11 L cr35.2
Laurus Labs Limited₹1,948₹1.05 L cr71.5
Dr. Reddy's Laboratories Limited₹1,175₹98,113 cr55.1
Aurobindo Pharma Limited₹1,690₹97,243 cr23.7
Lupin Limitedthis company₹2,098₹95,936 cr16.9
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.86%
trailing 12 months
Dividend / share (TTM)
₹18
Last dividend
₹18
ex 17 Jul 2026
ActionDetailEx-date
Dividend₹18 / share17 Jul 2026
Dividend₹12 / share25 Jul 2025
Dividend₹8 / share16 Jul 2024
Dividend₹4 / share14 Jul 2023
Dividend₹4 / share14 Jul 2022
Dividend₹6.5 / share27 Jul 2021
Who owns it · 2026-06-30
No pledge
Promoter
46.9%
FII / Foreign
22.4%
DII / Domestic
24.6%
Retail / others
6.1%
Promoter stake down 0.2% over the last 12 quarters.
Smart-money activity
Insider trades
SoldDr. Kamal K Sharma · Employees/Designated Employees15,000 · ₹1.5 cr6 Sep 21
BoughtVeda Nilesh Gupta · Promoters2,6503 Sep 21
SoldMR. NILESH D. GUPTA · Promoters5,3003 Sep 21
Bulk / block deals
short · NSE515 Sep 26
short · NSE4526 Aug 26
short · NSE85025 Aug 26
Stake changes
SoldLife Insurance Corporation of India→ 2.54% · 92.47 L6 Dec 24
SoldICICI Prudential Mutual Fund→ 3.06% · 91.18 L1 Aug 24
BoughtLUPIN INVESTMENTS PRIVATE LIMITED · promoter→ 45.28% · 1.63 L27 May 22
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 13 Feb 2026
See the official result
1
To approve appointment of Mr. Anand Kripalu (DIN: 00118324) as an Independent Director of the Company.
Backed by 93% of shareholders other than promotersneeded 75%
18.34 cr votes for, 1.43 cr against · 7% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 12 named members
owning 46.9% between them · as of 2026-06-30
Lupin Investments Private Limited45.31%
Manju D Gupta0.85%
Nilesh Gupta0.20%
Anuja Gupta0.16%
D B Gupta HUF (Nilesh Deshbandhu Gupta, Karta of HUF)0.14%
Vinita Gupta0.07%
Richa Gupta0.05%
Kavita Gupta0.04%
Business done with them
FY2026 · 1 of the group
The company paid ₹249 cr to companies in the promoter group last year — about 0.9% of its ₹27,958 cr revenue.
LUPIN INVESTMENTS PRIVATE LIMITED
Other payments to them · Dividend Paid, Expenses incurred on our behalf & others reimbursements
also owns 45.31% of the company
₹249 cr
company paid

The company also transacted with 1 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.