TickerSutra

NSE: CIPLA · BSE: 500087 · ISIN INE059A01026

Cipla Limited stock analysis

Cipla Limited ranks #2195 in the TickerSutra evidence-ranked universe with a score of 48/100 and 95% data confidence. The latest captured fundamentals show ROCE of 15.5%, quarterly sales growth of 2.3% and quarterly profit growth of -39.2%.
Complete evidence gate pass governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE48/100

Avoid / exit review

#2195 of 5,430 ranked equities
Market capitalisation₹1,11,727.48cr
ROCE15.5%
Quarterly sales growth2.3%
Quarterly profit growth-39.2%
P/E ratio31.2×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • Low debt/equity of 0.02×
  • CWIP indicates an active capacity pipeline
  • No promoter shares are reported as pledged

Risks and constraints

  • Operating margin has compressed materially

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹21,763cr₹4,553cr₹2,547cr21.0%
2023₹22,753cr₹5,027cr₹2,833cr22.0%
2024₹25,774cr₹6,291cr₹4,154cr24.0%
2025₹27,548cr₹7,128cr₹5,269cr26.0%
2026₹28,163cr₹5,883cr₹3,862cr21.0%
TTM₹28,324cr₹5,297cr₹3,356cr19.0%
Debt / equity0.02×
CFO / EBITDA0.67×
Operating margin19.0%
Free cash flow₹928cr
Sales CAGR · 3Y7.4%
Profit CAGR · 3Y10.9%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

0 positive catalysts0 negative catalysts6 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Regulatory updatesModerate severity · 3 mentions
Constructive

One key highlight for the quarter was the successful launch of generic Ventolin in the U.S. following regulatory approval, which was received last quarter. We have commenced commercial shipments with volumes expected to increase as the supply scales up.

Regulatory approvalModerate severity · 3 mentions
Positive catalyst

One key highlight for the quarter was the successful launch of generic Ventolin in the U.S. following regulatory approval, which was received last quarter. We have commenced commercial shipments with volumes expected to increase as the supply scales up.

Margin expansionLow severity · 1 mention
Positive catalyst

So, it will get substituted as the new pipeline kicks in with good healthy high margins. Ashish Adukia: And our EBITDA margin guidance is also predicated on the launches and the margin improvement. One question is on Ventolin, as well as one peptide product that you classify as a large product.

Margin guidanceLow severity · 2 mentions
Watch

So, it will get substituted as the new pipeline kicks in with good healthy high margins. Ashish Adukia: And our EBITDA margin guidance is also predicated on the launches and the margin improvement. One question is on Ventolin, as well as one peptide product that you classify as a large product.

Regulatory observationLow severity · 1 mention
Watch

And subsequently, it was classified as VAI. FDA concluded a routine GMP inspection at Invagen facility in New York, which included with one Form 483 observation, which we are committed to addressing within the stipulated time line. We are also expecting the reinspection of our Indore facil ity to take place anytime soon.

Delay in approvalLow severity · 1 mention
Watch

Achin Gupta: No, we said we can launch as soon as we get approve. So, I think because we've not disclosed the name of the product, etc., we can't get into that exact detail, but we are awaiting approval. And as soon as we get approval, we are ready to launch.

Niche productsLow severity · 1 mention
Watch

We continue to look at M&A opportunities both for U.S. for certain differentiated products, but also Europe to develop some of this deep market. So, we've been fairly conservative on our approach on these acquisitions.

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

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