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    Dr. Reddy's Laboratories Limited

    Global pharma company making generics, biosimilars, APIs and OTC/consumer health products across 88 countries.

    Healthcare
    Healthcare
    View DRREDDY earnings calls
    ₹1,211.2
    -6.62% from avg

    Overview

    Price

    ₹1,211.2

    Market Cap

    ₹1.0L Cr

    Sector

    Healthcare

    Healthcare

    Rank

    5

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital8383838383838484
    Reserves15.5k17.6k19.1k23.2k28.2k33.5k35.9k37.8k
    Borrowings2.2k3.0k3.4k1.3k2.0k4.7k5.9k7.7k
    Other Liabilities5.4k5.9k7.1k7.6k8.5k9.8k12.5k11.0k
    Total Liabilities23.2k26.6k29.7k32.2k38.8k48.0k54.4k56.6k
    AssetsFixed Assets6.8k8.2k8.1k9.2k10.4k18.2k20.6k22.1k
    CWIP1.5k1.6k1.3k1.0k1.4k2.5k2.0k1.5k
    Investments2.7k2.2k2.6k5.0k4.9k4.1k4.7k5.3k
    Other Assets12.2k14.6k17.7k17.0k22.0k23.3k27.1k27.8k
    Total Assets23.2k26.6k29.7k32.2k38.8k48.0k54.4k56.6k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating2.9k3.0k3.6k2.8k5.9k4.5k4.6k5.7k
    Cash from Investing-769-495-2.3k-2.6k-4.1k-4.0k-5.8k-6.4k
    Cash from Financing-2.1k-2.5k-30-242-2.7k-3761.9k829
    SummaryCapital Expenditure
    Free Cash Flow2.2k2.4k2.3k1.2k4.0k1.9k1.3k2.0k
    FCF Margin

    Valuation

    Assumptions

    Current — DRREDDY
    Price
    ₹1,211
    EPS (TTM)
    ₹50.28
    PE (TTM)
    24.1
    Profit growth
    2.3%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (18.9×) and current (24.1×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹1,211
    vs
    Fair value · 15% return
    ₹444
    63%Overvalued

    At 2.3% growth and a 19× exit, ₹1211 only delivers your return if you pay ₹444. The price is currently baking in 23% growth.

    EPS grows 2.3%/yr for 5 years, then fades to 6% over 2, exits at 19×.

    YearGrowthEPS (₹)
    FY272.3%51.44
    FY282.3%52.62
    FY292.3%53.83
    FY302.3%55.07
    FY312.3%56.33
    FY324.1% ·fade58.67
    FY336.0% ·fade62.19

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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