Skip to content

    Rubicon Research Limited

    US-focused specialty pharma making complex generics, nasal-spray drug-devices and branded CNS drugs.

    Healthcare
    Healthcare
    View RUBICON earnings calls
    ₹1,439.6
    +13.65% from avg

    Overview

    Price

    ₹1,439.6

    Market Cap

    ₹25.8k Cr

    Sector

    Healthcare

    Healthcare

    Rank

    2

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital555515151517
    Reserves3353693002813705266321.3k
    Borrowings3093175320425418568311
    Other Liabilities607179144300493567727
    Total Liabilities4305385607501.1k1.5k1.8k2.3k
    AssetsFixed Assets157188193199307327501532
    CWIP263251073440
    Investments19140000027
    Other Assets2523303645267931.1k1.2k1.7k
    Total Assets4305385607501.1k1.5k1.8k2.3k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating562-63-7521159205
    Cash from Investing-84-46-46-32-68-65-410
    Cash from Financing80526312344-40283
    SummaryCapital Expenditure
    Free Cash Flow-54-10-117-119-3591-24
    FCF Margin

    Valuation

    Assumptions

    Current — RUBICON
    Price
    ₹1,520
    EPS (TTM)
    ₹15.19
    PE (TTM)
    100.1
    Profit growth

    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 (51.9×) and current (100.1×) 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
    ₹1,520
    vs
    Fair value · 15% return
    ₹547
    64%Overvalued

    At 10% growth and a 52× exit, ₹1520 only delivers your return if you pay ₹547. The price is currently baking in 32% growth.

    EPS grows 10%/yr for 5 years, then fades to 6% over 2, exits at 52×.

    YearGrowthEPS (₹)
    FY2710.0%16.71
    FY2810.0%18.38
    FY2910.0%20.22
    FY3010.0%22.24
    FY3110.0%24.46
    FY328.0% ·fade26.42
    FY336.0% ·fade28.01

    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.

    Learn to analyse Rubicon Research Limited

    Guides on how to read this kind of business and the numbers that matter.