About
Lupin Limited, together with its subsidiaries, operates as a pharmaceutical company in India, the United States, and internationally. The company operates in two segments: Pharmaceuticals and Others. It engages in the drug discovery, development, production, marketing, and sale of various branded and generic formulations, biosimilars, over-the-counter and specialty drugs, and active pharmaceutical ingredients (APIs). The company also offers formulations for use in the therapeutic areas of anti-tuberculosis, diabetes management, cardiovascular, chronic obstructive pulmonary diseases, asthma, women's health, and central nervous system areas, as well as pediatrics, gastrointestinal, anti-infective, and nonsteroidal anti-inflammatory drug therapies. In addition, it focuses on various therapeutic spectrum, including rheumatology, oncology, neuroscience, and renal therapies. Further, the company is involved in the provision of diagnostics services, and digital healthcare services; and neuro rehabilition business. It operates through network consists of labs and collection centers. The company was formerly known as Lupin Chemicals Limited and changed its name to Lupin Limited in 2001. Lupin Limited was founded in 1968 and is headquartered in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap96,348 Cr
P/E16.20
Div Yield0.85 %
Book Value₹491.00
52w High₹2,530.00
52w Low₹1,900.00
Face Value₹2.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8,277.00 | 7,475.00 | 7,168.00 | 7,048.00 | 6,268.00 | 5,667.00 | 5,768.00 | 5,673.00 | 5,600.00 | 4,961.00 | 5,197.00 | 5,039.00 | 4,814.00 |
| Expenses | 5,827.00 | 4,989.00 | 4,906.00 | 4,706.00 | 4,541.00 | 4,346.00 | 4,412.00 | 4,332.00 | 4,359.00 | 3,964.00 | 4,159.00 | 4,121.00 | 3,958.00 |
| Operating Profit | 2,450.00 | 2,486.00 | 2,262.00 | 2,341.00 | 1,727.00 | 1,321.00 | 1,356.00 | 1,340.00 | 1,241.00 | 997.00 | 1,038.00 | 918.00 | 856.00 |
| OPM % | 30.00 | 33.00 | 32.00 | 33.00 | 28.00 | 23.00 | 24.00 | 24.00 | 22.00 | 20.00 | 20.00 | 18.00 | 18.00 |
| Other Income | 130.00 | 9.00 | -312.00 | 90.00 | 79.00 | 57.00 | 54.00 | 42.00 | 68.00 | 29.00 | 29.00 | 40.00 | 23.00 |
| Depreciation | 453.00 | 447.00 | 313.00 | 317.00 | 299.00 | 393.00 | 271.00 | 257.00 | 248.00 | 457.00 | 257.00 | 248.00 | 235.00 |
| Interest | 110.00 | 120.00 | 115.00 | 108.00 | 92.00 | 89.00 | 67.00 | 71.00 | 68.00 | 71.00 | 74.00 | 81.00 | 86.00 |
| Profit before tax | 2,017.00 | 1,928.00 | 1,522.00 | 2,007.00 | 1,416.00 | 896.00 | 1,071.00 | 1,055.00 | 993.00 | 498.00 | 736.00 | 630.00 | 559.00 |
| Tax % | 30.00 | 24.00 | 22.00 | 26.00 | 14.00 | 13.00 | 20.00 | 19.00 | 19.00 | 26.00 | 16.00 | 21.00 | 19.00 |
| Net Profit | 1,417.00 | 1,469.00 | 1,181.00 | 1,485.00 | 1,221.00 | 782.00 | 859.00 | 859.00 | 806.00 | 368.00 | 619.00 | 495.00 | 453.00 |
| EPS in Rs | 30.95 | 31.94 | 25.73 | 32.36 | 26.69 | 16.92 | 18.74 | 18.69 | 17.58 | 7.89 | 13.47 | 10.76 | 9.94 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 27,958.00 | 22,708.00 | 20,011.00 | 16,642.00 | 16,405.00 | 15,163.00 | 15,375.00 | 14,665.00 | 15,797.00 | 17,367.00 | 14,256.00 | 12,770.00 |
| Expenses | 19,798.00 | 17,430.00 | 16,211.00 | 14,921.00 | 16,187.00 | 12,596.00 | 13,020.00 | 12,104.00 | 12,649.00 | 12,865.00 | 10,564.00 | 9,146.00 |
| Operating Profit | 8,160.00 | 5,278.00 | 3,800.00 | 1,721.00 | 219.00 | 2,567.00 | 2,355.00 | 2,561.00 | 3,148.00 | 4,502.00 | 3,691.00 | 3,624.00 |
| OPM % | 29.00 | 23.00 | 19.00 | 10.00 | 1.30 | 17.00 | 15.00 | 17.00 | 20.00 | 26.00 | 26.00 | 28.00 |
| Other Income | 523.00 | 202.00 | 131.00 | 151.00 | 210.00 | 138.00 | -134.00 | 91.00 | -1,310.00 | 106.00 | 184.00 | 235.00 |
| Interest | 434.00 | 295.00 | 312.00 | 274.00 | 143.00 | 141.00 | 363.00 | 302.00 | 204.00 | 153.00 | 59.00 | 10.00 |
| Depreciation | 1,376.00 | 1,169.00 | 1,197.00 | 881.00 | 1,659.00 | 887.00 | 970.00 | 846.00 | 1,086.00 | 912.00 | 487.00 | 435.00 |
| Profit before tax | 6,873.00 | 4,015.00 | 2,422.00 | 716.00 | -1,372.00 | 1,676.00 | 887.00 | 1,503.00 | 547.00 | 3,543.00 | 3,329.00 | 3,415.00 |
| Tax % | 22.00 | 18.00 | 20.00 | 38.00 | 10.00 | 27.00 | 130.00 | 59.00 | 53.00 | 28.00 | 32.00 | 28.00 |
| Net Profit | 5,355.00 | 3,306.00 | 1,936.00 | 448.00 | -1,528.00 | 1,228.00 | -270.00 | 615.00 | 258.00 | 2,565.00 | 2,270.00 | 2,444.00 |
| EPS in Rs | 116.65 | 71.88 | 42.01 | 9.45 | -33.62 | 26.81 | -5.95 | 13.40 | 5.56 | 56.63 | 50.17 | 53.47 |
| Dividend Payout % | 15.00 | 17.00 | 19.00 | 42.00 | -12.00 | 24.00 | -101.00 | 37.00 | 90.00 | 13.00 | 15.00 | 14.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 91.00 | 91.00 | 91.00 | 91.00 | 91.00 | 91.00 | 91.00 | 90.00 | 90.00 | 90.00 | 90.00 | 90.00 |
| Reserves | 22,357.00 | 17,112.00 | 14,199.00 | 12,374.00 | 12,062.00 | 13,712.00 | 12,446.00 | 13,652.00 | 13,487.00 | 13,407.00 | 11,073.00 | 8,784.00 |
| Borrowings | 6,616.00 | 5,448.00 | 2,922.00 | 4,542.00 | 4,158.00 | 4,783.00 | 6,305.00 | 8,496.00 | 7,143.00 | 7,966.00 | 7,178.00 | 537.00 |
| Other Liabilities | 9,082.00 | 6,327.00 | 6,539.00 | 5,794.00 | 5,340.00 | 4,844.00 | 5,968.00 | 5,423.00 | 5,300.00 | 4,749.00 | 3,957.00 | 3,642.00 |
| Total Liabilities | 38,146.00 | 28,978.00 | 23,751.00 | 22,800.00 | 21,651.00 | 23,430.00 | 24,810.00 | 27,661.00 | 26,020.00 | 26,212.00 | 22,298.00 | 13,054.00 |
| Fixed Assets | 10,994.00 | 9,719.00 | 8,878.00 | 8,355.00 | 7,382.00 | 7,881.00 | 7,938.00 | 11,087.00 | 10,362.00 | 11,033.00 | 8,717.00 | 4,368.00 |
| CWIP | 1,016.00 | 517.00 | 773.00 | 1,238.00 | 1,146.00 | 1,066.00 | 940.00 | 1,640.00 | 2,598.00 | 2,133.00 | 2,702.00 | 576.00 |
| Investments | 3,670.00 | 1,146.00 | 1,075.00 | 517.00 | 900.00 | 2,455.00 | 2,374.00 | 2,295.00 | 262.00 | 2,136.00 | 16.00 | 1,658.00 |
| Other Assets | 22,466.00 | 17,596.00 | 13,026.00 | 12,690.00 | 12,224.00 | 12,028.00 | 13,557.00 | 12,639.00 | 12,798.00 | 10,910.00 | 10,862.00 | 6,451.00 |
| Total Assets | 38,146.00 | 28,978.00 | 23,751.00 | 22,800.00 | 21,651.00 | 23,430.00 | 24,810.00 | 27,661.00 | 26,020.00 | 26,212.00 | 22,298.00 | 13,054.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 7,334.00 | 3,000.00 | 3,648.00 | 1,897.00 | 367.00 | 1,822.00 | 1,469.00 | 1,666.00 | 1,751.00 | 4,114.00 | -382.00 | 2,733.00 |
| Cash from Investing Activity | -3,865.00 | -4,172.00 | -1,712.00 | -1,287.00 | 1,292.00 | -1,240.00 | 1,107.00 | -3,282.00 | 470.00 | -2,527.00 | -6,769.00 | -1,034.00 |
| Cash from Financing Activity | -846.00 | 1,732.00 | -2,184.00 | -337.00 | -1,572.00 | -1,885.00 | -891.00 | 744.00 | -1,492.00 | 433.00 | 5,836.00 | -197.00 |
| Net Cash Flow | 2,624.00 | 560.00 | -248.00 | 273.00 | 87.00 | -1,303.00 | 1,685.00 | -872.00 | 729.00 | 2,019.00 | -1,315.00 | 1,502.00 |
| Free Cash Flow | 5,527.00 | 1,347.00 | 2,732.00 | 436.00 | -531.00 | 1,150.00 | 798.00 | 706.00 | 261.00 | 1,513.00 | -6,164.00 | 1,865.00 |
| CFO/OP % | 105.00 | 74.00 | 105.00 | 124.00 | 146.00 | 99.00 | 84.00 | 102.00 | 73.00 | 117.00 | 21.00 | 101.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 86.00 | 88.00 | 86.00 | 98.00 | 95.00 | 108.00 | 129.00 | 128.00 | 120.00 | 91.00 | 116.00 | 76.00 |
| Inventory Days | 303.00 | 292.00 | 272.00 | 242.00 | 261.00 | 279.00 | 232.00 | 283.00 | 253.00 | 266.00 | 276.00 | 220.00 |
| Days Payable | 208.00 | 158.00 | 163.00 | 136.00 | 129.00 | 137.00 | 162.00 | 184.00 | 178.00 | 189.00 | 168.00 | 172.00 |
| Cash Conversion Cycle | 181.00 | 223.00 | 195.00 | 204.00 | 227.00 | 249.00 | 199.00 | 227.00 | 195.00 | 167.00 | 225.00 | 124.00 |
| Working Capital Days | 28.00 | 58.00 | 53.00 | 32.00 | 45.00 | 34.00 | 33.00 | 115.00 | 126.00 | 63.00 | 102.00 | 56.00 |
| ROCE % | 30.00 | 21.00 | 16.00 | 6.00 | -7.00 | 9.00 | 9.00 | 10.00 | 10.00 | 19.00 | 24.00 | 40.00 |
Corporate Actions
31 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 17 Jul 2026 | 17 Jul 2026 | — | 18.00 | |
| Dividend | 25 Jul 2025 | 25 Jul 2025 | — | 12.00 | |
| Dividend | 16 Jul 2024 | 16 Jul 2024 | — | 8.00 | |
| Dividend | 14 Jul 2023 | 14 Jul 2023 | — | 4.00 | |
| Dividend | 14 Jul 2022 | 15 Jul 2022 | — | 4.00 | |
| Dividend | 27 Jul 2021 | 28 Jul 2021 | — | 6.50 | |
| Dividend | 03 Aug 2020 | — | — | 6.00 | |
| Dividend | 29 Jul 2019 | — | — | 5.00 | |
| Dividend | 30 Jul 2018 | — | — | 5.00 | |
| Dividend | 24 Jul 2017 | — | — | 7.50 | |
| Dividend | 25 Jul 2016 | — | — | 7.50 | |
| Dividend | 14 Jul 2015 | — | — | 7.50 | |
| Dividend | 21 Jul 2014 | — | — | 3.00 | |
| Dividend | 13 Feb 2014 | 14 Feb 2014 | — | 3.00 | |
| Dividend | 29 Jul 2013 | — | — | 4.00 | |
| Dividend | 13 Jul 2012 | — | — | 3.20 | |
| Dividend | 18 Jul 2011 | — | — | 3.00 | |
| Split | 27 Aug 2010 | 30 Aug 2010 | 10:2 | — | |
| Dividend | 19 Jul 2010 | — | — | 13.50 | |
| Dividend | 20 Jul 2009 | — | — | 12.50 | |
| Other | 20 Jul 2009 | — | — | — | Agm/Div-Rs.12.50 Pr Share |
| Dividend | 11 Jul 2008 | — | — | 10.00 | NSE/BSE dividend mismatch: NSE=1.0; BSE=10.0 |
| Dividend | 11 Jul 2008 | — | — | 1.00 | NSE/BSE dividend mismatch: NSE=1.0; BSE=10.0 |
| Dividend | 10 Jul 2007 | — | — | 5.00 | NSE/BSE dividend mismatch: NSE=1.0; BSE=5.0 |
| Dividend | 10 Jul 2007 | — | — | 1.00 | NSE/BSE dividend mismatch: NSE=1.0; BSE=5.0 |
| Bonus | 11 Aug 2006 | 14 Aug 2006 | 1:1 | — | |
| Dividend | 07 Jul 2006 | — | — | 1.30 | |
| Dividend | 15 Jul 2005 | — | — | 1.30 | |
| Dividend | 24 Jan 2002 | 07 Feb 2002 | — | 2.50 | |
| Dividend | 29 Aug 2001 | — | — | 3.50 | |
| Other | 16 Jul 2001 | 30 Jul 2001 | — | — | Reduction of Capital |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update8 Jul from icra
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Rating update9 Oct 2025 from icra
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Rating update30 Jun 2025 from icra
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Rating update25 Apr 2024 from icra
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Rating update23 Feb 2023 from icra
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Rating update10 Nov 2021 from icra
Conference Calls
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