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Last Updated on: 13 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Lupin Ltd

About the Company - Lupin Ltd

Lupin Ltd. is a Public Limited Listed company incorporated on 01/03/1983 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L24100MH1983PLC029442 and registration number is 029442. Currently Company is involved in the business activities of Manufacture of pharmaceuticals, medicinal chemical and botanical products. Company’s Total Operating Revenue is Rs. 11771.67 Cr. and Equity Capital is Rs. 90.90 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
PharmaceuticalsKalpataru Inspire, 3rd Floor, Mumbai Maharashtra 400055info@lupin.com
http://www.lupin.com
Management
NamePosition Held
Mrs. Manju D GuptaChairman
Mr. Nilesh D GuptaManaging Director
Mr. Ramesh SwaminathanExecutive Director & Global CFO
Ms. Vinita GuptaDirector & CEO
Mr. Jean-Luc BelingardIndependent Director
Mr. K B S AnandIndependent Director
Dr. Punita Kumar-SinhaIndependent Director
Mr. Mark D McDadeIndependent Director

Basic Stock Data of Lupin Ltd

Last Updated: June 12, 2024, 10:35 pm

Market Cap 73,173 Cr.
Current Price 1,606
High / Low1,728/810
Stock P/E38.2
Book Value 314
Dividend Yield0.25 %
ROCE15.9 %
ROE14.3 %
Face Value 2.00
PEG Ratio0.33

J B Chemicals & Pharmaceuticals Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales4,0173,7834,2704,0914,1613,8833,7444,1464,3224,4304,8145,0395,197
Expenses3,2393,0663,3055,4153,7913,6153,5123,6933,7903,8523,9584,1214,159
Operating Profit779717965-1,3243702682324535335788569181,038
OPM %19%19%23%-32%9%7%6%11%12%13%18%18%20%
Other Income2149287334166151837234029
Interest31323334334143558493868174
Depreciation244216209919203327193203220264235248257
Profit before tax525518750-2,205167-852210246258559630736
Tax %16%10%27%5%-229%-502%3,925%36%36%6%19%21%16%
Net Profit441464548-2,095549-512-87134158242453495619
EPS in Rs9.6610.1511.95-46.2112.01-11.40-1.962.853.375.199.9410.7613.47

Last Updated: May 14, 2024, 1:50 pm

Lupin Ltd Quarterly Chart

Lupin Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales7,0839,64111,28612,77014,25617,36715,79714,66515,37515,16316,40516,64219,480
Expenses5,6207,3568,2719,14610,56412,86512,64912,10413,02012,59616,18714,92116,090
Operating Profit1,4632,2843,0153,6243,6914,5023,1482,5612,3552,5672191,7213,390
OPM %21%24%27%28%26%26%20%17%15%17%1%10%17%
Other Income-313105235184106-1,31091-134138210151130
Interest3541271059153204302363141143274333
Depreciation2283322614354879121,0868469708871,6598811,004
Profit before tax1,1961,9252,8323,4153,3293,5435471,5038871,676-1,3727162,183
Tax %26%30%34%28%32%28%53%59%130%27%-10%38%
Net Profit8881,3401,8702,4442,2702,565258615-2701,228-1,5284301,810
EPS in Rs19.4329.3640.9653.4750.1756.635.5613.40-5.9526.81-33.629.4539.36
Dividend Payout %18%14%15%14%15%13%90%37%-101%24%-12%42%

Lupin Ltd Profit & Loss Yearly Chart

Lupin Ltd Growth

Compounded Sales Growth
10 Years:6%
5 Years:6%
3 Years:10%
TTM:20%
Compounded Profit Growth
10 Years:0%
5 Years:21%
3 Years:18%
TTM:367%
Stock Price CAGR
10 Years:5%
5 Years:18%
3 Years:10%
1 Year:100%
Return on Equity
10 Years:8%
5 Years:2%
3 Years:2%
Last Year:14%

Last Updated: June 10, 2024, 4:43 pm

Lupin Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital89909090909090909191919191
Reserves3,9245,1156,8428,78411,07313,40713,48713,65212,44613,71212,06212,37413,148
Borrowings1,6391,1646545377,1787,9667,1438,4966,3055,1294,1584,5423,785
Other Liabilities2,2832,4752,5503,6423,9574,7495,3005,4235,9684,4985,3405,7946,420
Total Liabilities7,9358,84310,13513,05422,29826,21226,02027,66124,81023,43021,65122,80023,444
Fixed Assets2,7503,0003,3564,3688,71711,03310,36211,0877,9387,8817,3828,3559,246
CWIP4443113045762,7022,1332,5981,6409401,0661,1461,238676
Investments321781,658162,1362622,2952,3742,455900517164
Other Assets4,7395,5306,2976,45110,86210,91012,79812,63913,55712,02812,22412,69013,359
Total Assets7,9358,84310,13513,05422,29826,21226,02027,66124,81023,43021,65122,80023,444

Lupin Ltd Reserves and Borrowings Chart

Lupin Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 5601,2512,0042,733-3824,1141,7511,6661,4691,8223671,897
Cash from Investing Activity -720-522-851-1,034-6,769-2,527470-3,2821,107-1,2401,292-1,287
Cash from Financing Activity 109-663-857-1975,836433-1,492744-891-1,885-1,572-337
Net Cash Flow-51662961,502-1,3152,019729-8721,685-1,30387273

J B Chemicals & Pharmaceuticals Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days92838076116911201281291089598
Inventory Days243200204220276266253283232279261242
Days Payable193159152172168189178184162137129136
Cash Conversion Cycle141125131124225167195227199249227204
Working Capital Days9692946714711213715492151135127
ROCE %24%33%41%40%24%19%10%10%9%9%-7%6%

Lupin Ltd Financial Efficiency Indicators Chart

Lupin Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters46.88%46.86%46.84%46.83%46.81%46.78%47.10%47.11%47.10%47.08%47.07%47.06%
FIIs18.97%17.87%18.60%15.66%15.28%14.65%14.27%13.81%13.98%13.32%13.93%14.99%
DIIs21.08%22.30%21.81%24.47%24.83%26.91%26.89%27.63%29.39%28.92%29.08%29.14%
Government0.29%0.29%0.28%0.28%0.28%0.29%0.29%0.00%0.00%0.28%0.28%0.28%
Public12.79%12.69%12.47%12.76%12.79%11.37%11.45%11.45%9.51%10.39%9.62%8.52%
No. of Shareholders2,99,6202,93,7823,02,2923,61,2883,61,8623,78,5473,82,8283,78,0113,60,6773,48,1493,22,6782,89,074

Lupin Ltd Shareholding Pattern Chart

No. of Lupin Ltd Shareholders

Lupin Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Balanced Advantage Fund - Regular Plan5,852,1651.03660.214,055,5852024-06-1144.3%
ICICI Prudential Bluechip Fund5,051,5561.38569.894,055,5852024-06-1124.56%
ICICI Prudential Value Discovery Fund4,451,8181.55502.234,055,5852024-06-119.77%
HDFC Flexi Cap Fund - Regular Plan4,250,0001.22479.464,055,5852024-06-114.79%
Mirae Asset Emerging Bluechip Fund4,055,5851.63457.534,055,5852024-06-110%
HDFC Top 100 Fund - Regular Plan3,369,0131.47380.084,055,5852024-06-11-16.93%
Mirae Asset Midcap Fund2,934,0862.81331.014,055,5852024-06-11-27.65%
SBI Long Term Equity Fund2,687,8871.92303.234,055,5852024-06-11-33.72%
ICICI Prudential Multi Asset Fund2,004,2920.91226.114,055,5852024-06-11-50.58%
ICICI Prudential Large & Mid Cap Fund1,584,8502.02178.794,055,5852024-06-11-60.92%

Lupin Ltd ROCE Trend

Lupin Ltd EPS Trend

Lupin Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)42.059.46-33.6526.84-5.95
Diluted EPS (Rs.)41.879.41-33.6526.72-5.95
Cash EPS (Rs.)68.7429.203.2846.5915.38
Book Value[Excl.RevalReserv]/Share (Rs.)315.41275.67268.91305.45277.73
Book Value[Incl.RevalReserv]/Share (Rs.)315.41275.67268.91305.45277.73
Revenue From Operations / Share (Rs.)439.12365.75360.96334.21339.40
PBDIT / Share (Rs.)86.2641.139.4459.5862.66
PBIT / Share (Rs.)59.9921.78-27.0640.0241.24
PBT / Share (Rs.)53.1515.75-30.2036.9216.63
Net Profit / Share (Rs.)42.479.84-33.2227.04-6.04
NP After MI And SOA / Share (Rs.)42.019.45-33.6226.81-5.95
PBDIT Margin (%)19.6411.242.6117.8218.46
PBIT Margin (%)13.665.95-7.4911.9712.15
PBT Margin (%)12.104.30-8.3611.044.89
Net Profit Margin (%)9.672.69-9.208.08-1.78
NP After MI And SOA Margin (%)9.562.58-9.318.02-1.75
Return on Networth / Equity (%)13.393.45-12.578.81-2.14
Return on Capital Employeed (%)17.647.23-9.0711.9611.85
Return On Assets (%)7.971.87-7.005.15-1.07
Long Term Debt / Equity (X)0.000.000.010.000.14
Total Debt / Equity (X)0.180.340.310.220.34
Asset Turnover Ratio (%)0.850.500.510.470.45
Current Ratio (X)1.581.341.511.661.67
Quick Ratio (X)0.990.850.941.171.30
Inventory Turnover Ratio (X)0.870.820.770.880.87
Dividend Payout Ratio (NP) (%)0.0042.28-19.3122.34-84.00
Dividend Payout Ratio (CP) (%)0.0013.87225.8212.9232.29
Earning Retention Ratio (%)0.0057.72119.3177.66184.00
Cash Earning Retention Ratio (%)0.0086.13-125.8287.0867.71
Interest Coverage Ratio (X)12.616.823.0019.227.82
Interest Coverage Ratio (Post Tax) (X)7.212.63-9.579.721.96
Enterprise Value (Cr.)75275.9532506.4236722.7147698.5728589.60
EV / Net Operating Revenue (X)3.761.952.243.151.86
EV / EBITDA (X)19.1517.3785.6217.6510.07
MarketCap / Net Operating Revenue (X)3.681.772.073.051.74
Retention Ratios (%)0.0057.71119.3177.65184.00
Price / BV (X)5.162.362.793.362.13
Price / Net Operating Revenue (X)3.681.772.073.051.74
EarningsYield0.020.01-0.040.02-0.01

Lupin Ltd Profitability Ratios (%)

Lupin Ltd Liquidity Ratios

Lupin Ltd Liquidity Ratios (%)

Lupin Ltd Interest Coverage Ratios (%)

Lupin Ltd Valuation Ratios

Fair Value

Fair Value: 1,719.54

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 7.07% compared to the current price 1606

Intrinsic Value: 3,702.95

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 130.57% compared to the current price ₹1606

Last 5 Year EPS CAGR: 115.35%

*Investments are subject to market risks

Strength and Weakness of Lupin Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 18.17%, which is a positive sign.
  2. The company has higher reserves (10,771.23 cr) compared to borrowings (4,515.08 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (13.85 cr) and profit (166.62 cr) over the years.
  1. The stock has a high average Working Capital Days of 117.00, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 184.50, which may not be favorable.

FAQ

What is the latest fair value of Lupin Ltd?

The latest fair value of Lupin Ltd is ₹1719.54.

What is the Market Cap of Lupin Ltd?

The Market Cap of Lupin Ltd is 73,173 Cr..

What is the current Stock Price of Lupin Ltd as on 13 June 2024?

The current stock price of Lupin Ltd as on 13 June 2024 is ₹1,606.

What is the High / Low of Lupin Ltd stocks in FY 2024?

In FY 2024, the High / Low of Lupin Ltd stocks is 1,728/810.

What is the Stock P/E of Lupin Ltd?

The Stock P/E of Lupin Ltd is 38.2.

What is the Book Value of Lupin Ltd?

The Book Value of Lupin Ltd is 314.

What is the Dividend Yield of Lupin Ltd?

The Dividend Yield of Lupin Ltd is 0.25 %.

What is the ROCE of Lupin Ltd?

The ROCE of Lupin Ltd is 15.9 %.

What is the ROE of Lupin Ltd?

The ROE of Lupin Ltd is 14.3 %.

What is the Face Value of Lupin Ltd?

The Face Value of Lupin Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Lupin Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE