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Lupin Limited (500257) Fair Value & Analysis

Other · IN · Market cap ₹946B

LL Lupin Limited 500257 · BSE
Price₹2,235
Fair Value₹1,983
Upside-11.3%
Quality70/100
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Healthy Growth
Thin margins · 0.0% net margin
Low debt · generates free cash flow
0.62% dividend yield
Evidence: High Range ₹1,267 – ₹2,506 Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated yesterday

Share price −9.7% over the past month.

A solid business, but screening 11% overvalued on our models.

What matters now

  • A fairly wide model range (₹1,267 to ₹2,506) leaves room in how you read the outcome.
  • Our model range runs from ₹1,267 (bear) to ₹2,506 (bull), base ₹1,983. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 70/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

₹2,476 ₹577.99 Fair Value ₹1,983 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹577.99 – ₹2,476 · fair‑value band ₹1,267 – ₹2,506 · the ₹2,235 price screens above the ₹1,983 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Lupin Limited (500257) currently trades at ₹2,235, while our model-based Fair Value estimate is ₹1,983, implying the stock looks roughly 11.3% overvalued today. The Quality Score stands at 70/100 (solid quality), in the Other sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Net debt stands at ₹17.4B. The stock trades on a trailing P/E of 28.3 (as of Jul 4, 2026). Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹1,267 (bear case) to ₹2,506 (bull case); at ₹2,235, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 10% below its 52-week high and 22% above its 52-week low. For context, the median of 10 Other peers we cover trades at -52% fair-value upside, at -11%, 500257 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹1,743 ₹3,038 ₹5,340 80
Residual Income ₹886.94 ₹1,192 ₹6,614 76
Rev-Margin DCF ₹1,052 ₹1,629 ₹2,363 74
All 24 models by family
DCF Models
FCF DCF ₹1,742 ₹3,107 ₹5,541 38
Owner Earnings ₹1,543 ₹2,746 ₹4,891 31
5Y Revenue Exit ₹1,052 ₹1,626 ₹2,373 39
5Y EBITDA Exit ₹2,406 ₹4,372 ₹6,829 41
5Y P/E Exit ₹1,613 ₹2,763 ₹4,058 38
10Y Revenue Exit ₹1,241 ₹1,863 ₹2,754 36
10Y EBITDA Exit ₹2,177 ₹3,903 ₹6,513 37
10Y P/E Exit ₹1,643 ₹2,708 ₹4,175 35
Earnings-Based
Graham-Dodd ₹866.51 ₹3,795 ₹5,193 54
Lynch FV ₹979.41 ₹1,399 ₹1,819 50
PEG = 1.0 ₹979.41 ₹1,399 ₹1,819 46
EPV ₹2,832 ₹3,321 ₹3,756 59
Multiples
P/E Multiple ₹1,625 ₹2,166 ₹2,708 63
P/S Multiple ₹738.91 ₹985.22 ₹1,232 58
P/B Multiple ₹1,207 ₹1,609 ₹2,011 55
EV/EBIT ₹3,744 ₹4,972 ₹6,200 53
EV/EBITDA ₹2,938 ₹3,897 ₹4,856 54
EV/Revenue ₹749.97 ₹1,046 ₹1,341 43
Asset-Based
NCAV (Graham) ₹268.20 ₹359.39 ₹536.40 50
Growth DCF
Growth DCF ₹1,743 ₹3,038 ₹5,340 80
Rev-Margin DCF ₹1,052 ₹1,629 ₹2,363 74
Economic Profit
Residual Income ₹886.94 ₹1,192 ₹6,614 76
ROIC Compounder ₹3,048 ₹3,848 ₹4,768 72
Growth Earnings
Growth-Adj P/E ₹1,445 ₹2,064 ₹2,683 68

Widest divergence: DCF Models (₹2,746) versus Asset-Based (₹359.39). Highest evidence: Growth DCF (80).

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Key figures & financial health

Return on equity 2,452%
Free cash flow ₹52.8B FY2025
P/E ratio 28.3 as of Jul 4, 2026
EPS (TTM) ₹94.43
Dividend yield 0.6%
Net debt ₹17.4B FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 70/100

Of which business quality 72 · Market factors (momentum, volatility) 61

Profitability 78
Margins and returns on capital today
Quality Growth 77
Are margins and returns improving?
Cashflow 73
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 25
Disciplined investing over empire-building
Low Volatility 83
Calm price path (market factor)
Momentum 48
Price trend over the last 3–12 months (market factor)
52W Momentum 56
Distance to the 52-week high (market factor)
Net Issuance 80
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Lupin Limited, a pharmaceutical company, develops, produces, and markets a range of branded and generic formulations, biotechnology products, and active pharmaceutical ingredients (APIs) worldwide.

Full company description

Lupin Limited, a pharmaceutical company, develops, produces, and markets a range of branded and generic formulations, biotechnology products, and active pharmaceutical ingredients (APIs) worldwide. It offers formulations for use in the therapeutic areas of cardiovascular, diabetology, asthama, pediatrics, central nervous system (CNS), gastro-intestinal, anti-infectives, nonsteroidal anti inflammatory drug therapy, anti-TB, and cephalosporins. The company also develops drug delivery technologies; and offers biosimilars for various therapies, such as oncology, anti-inflammatory, anti-virals, rheumatoid arthritis, endocrinology, diabetes, ophthalmology, and women?s health. In addition, it engages in the novel drug discovery and development programs for use in the treatment of CNS disorders, oncology, immunology, pain, and metabolic disorders. The company was formerly known as Lupin Chemicals Limited and changed its name to Lupin Limited in 2001 as a result of its amalgamation with Lupin Laboratories Limited. Lupin Limited was founded in 1968 and is based in Mumbai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Lupin Limited reported revenue of ₹275B in FY2025 versus ₹164B in FY2021, a compound +13.8%/yr. Reported net income was ₹53.3B in FY2025.

Growth Quality 92/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
₹275B
Latest YoY
+21.0%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+18.2%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+12.6%
Avg. growth/yr (10Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.8%
Revenue +13.8%/yr
FY21 ₹164B
FY22 ₹166B
FY23 ₹200B
FY24 ₹227B
FY25 ₹275B
Net income
FY21 −₹15.3B
FY22 ₹4.3B
FY23 ₹19.1B
FY24 ₹32.8B
FY25 ₹53.3B

500257 screens 11% overvalued. Compare with Federal Home Loan Mortgage Corporation →

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Cite: Fair Value Calculator (2026). "Lupin Limited Fair Value". https://www.fairvalue-calculator.com/stock/500257

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

Is Lupin Limited (500257) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹1,983 versus a price of ₹2,235, about −11% (overvalued).
What is the fair value of 500257?
Our model-based fair value for Lupin Limited is ₹1,983 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹2,235.
What is the quality score of 500257?
Lupin Limited has a Quality Score of 70/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the net profit margin of 500257?
The net profit margin of Lupin Limited is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
Does Lupin Limited pay a dividend?
Lupin Limited currently shows a dividend yield of about 0.62% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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