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Lincoln Pharmaceuticals Limited (531633) Fair Value & Analysis

Healthcare · IN · Market cap ₹4.4B

LP Lincoln Pharmaceuticals Limited 531633 · BSE
Price₹612.85
Fair Value₹600.51
Upside-2.0%
Quality60/100
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Healthy Growth
Solidly profitable · 13.8% net margin
Low debt
1.31% dividend yield
Moderate moat 63/100
Evidence: High Range ₹382.30 – ₹897.50 Share as image

Fair value as of: Aug 18, 2026

From 26 valuation models · updated today

A solid business, currently priced close to our fair value.

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What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (₹382.30 to ₹897.50) leaves room in how you read the outcome.
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Analysis

Lincoln Pharmaceuticals Limited (531633) currently trades at ₹612.85, while our model-based Fair Value estimate is ₹600.51, implying the stock looks roughly 2.0% fairly valued today. The Quality Score stands at 60/100 (solid quality), in the Healthcare 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).

Over the trailing twelve months, Lincoln Pharmaceuticals Limited generated revenue of ₹4.1B at a net margin of 13.8%. Revenue grew 11.9% year over year. It earns a return on equity of 17.3%. The stock trades on a trailing P/E of 8.2 (as of Aug 18, 2026). Fundamentals as of Aug 18, 2026

Our scenario range runs from ₹382.30 (bear case) to ₹897.50 (bull case); at ₹612.85, 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 20% below its 52-week high and 39% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -38% fair-value upside, at -2%, 531633 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 ₹429.73 ₹673.40 ₹1,042 80
Residual Income ₹307.25 ₹367.05 ₹831.19 76
Rev-Margin DCF ₹409.38 ₹664.81 ₹972.01 74
All 26 models by family
DCF Models
FCF DCF ₹427.52 ₹680.88 ₹1,071 38
Owner Earnings ₹440.11 ₹701.13 ₹1,103 31
5Y Revenue Exit ₹409.38 ₹666.81 ₹1,002 39
5Y EBITDA Exit ₹468.27 ₹780.97 ₹1,155 41
5Y P/E Exit ₹553.63 ₹946.44 ₹1,373 38
10Y Revenue Exit ₹399.52 ₹636.38 ₹968.97 36
10Y EBITDA Exit ₹449.01 ₹715.38 ₹1,087 37
10Y P/E Exit ₹502.98 ₹829.89 ₹1,255 35
Earnings-Based
Graham-Dodd ₹279.98 ₹1,027 ₹1,386 54
Lynch FV ₹244.98 ₹349.97 ₹454.96 50
PEG = 1.0 ₹244.98 ₹349.97 ₹454.96 46
EPV ₹342.19 ₹394.49 ₹439.61 59
Dividend Discount
Gordon GGM ₹15.83 ₹31.55 ₹47.77 70
DDM Multi-Stage ₹15.83 ₹27.26 ₹33.30 61
Multiples
P/E Multiple ₹679.36 ₹905.81 ₹1,132 63
P/S Multiple ₹524.96 ₹699.94 ₹874.93 58
P/B Multiple ₹524.96 ₹699.94 ₹874.93 55
EV/EBIT ₹576.01 ₹764.35 ₹952.69 53
EV/EBITDA ₹544.02 ₹721.70 ₹899.37 54
EV/Revenue ₹414.26 ₹587.09 ₹759.92 43
Asset-Based
NCAV (Graham) ₹167.92 ₹225.01 ₹335.83 50
Growth DCF
Growth DCF ₹429.73 ₹673.40 ₹1,042 80
Rev-Margin DCF ₹409.38 ₹664.81 ₹972.01 74
Economic Profit
Residual Income ₹307.25 ₹367.05 ₹831.19 76
ROIC Compounder ₹344.51 ₹436.72 ₹561.15 72
Growth Earnings
Growth-Adj P/E ₹473.13 ₹675.90 ₹878.67 68

Widest divergence: DCF Models (₹701.13) versus Dividend Discount (₹27.26). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹4.1B
Revenue growth (YoY) +11.9%
Net margin 13.8%
Return on equity 17.3%
P/E ratio 8.2 as of Aug 18, 2026
Operating margin 16.3%
More key figures
EPS (TTM) ₹28.01
Dividend yield 1.3%
EPS growth (YoY) +10.6%

Figures from reported company fundamentals · as of Aug 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 59 · Market factors (momentum, volatility) 56

Profitability 60
Margins and returns on capital today
Quality Growth 38
Are margins and returns improving?
Cashflow 58
Earnings quality: real cash, not paper profit
Fin. Strength 65
Balance sheet, leverage, solvency risk
Investment 48
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
52W Momentum 45
Distance to the 52-week high (market factor)
Net Issuance 82
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

Lincoln Pharmaceuticals Limited manufactures and sells pharmaceutical products in India and internationally. It offers products in the areas of anti-infective, respiratory system, gynecology, cardio and CNS, anti-bacterial, ant-diabetic, anti-malaria, and others areas. The company also trades in pharmaceutical products.

Full company description

Lincoln Pharmaceuticals Limited manufactures and sells pharmaceutical products in India and internationally. It offers products in the areas of anti-infective, respiratory system, gynecology, cardio and CNS, anti-bacterial, ant-diabetic, anti-malaria, and others areas. The company also trades in pharmaceutical products. Lincoln Pharmaceuticals Limited was founded in 1979 and is based in Ahmedabad, India.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Lincoln Pharmaceuticals Limited reported revenue of ₹6.2B in FY2025 versus ₹4.2B in FY2021, a compound +10.1%/yr. Reported net income was ₹823M in FY2025, compounding +7.3%/yr from FY2021.

Growth Quality 91/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
₹6.2B
Latest YoY
+7.4%
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.
+9.7%
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.
+10.0%
Avg. growth/yr (11Y) 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.
+10.4%
Revenue +10.1%/yr
FY21 ₹4.2B
FY22 ₹4.7B
FY23 ₹5.1B
FY24 ₹5.8B
FY25 ₹6.2B
Net income +7.3%/yr
FY21 ₹622M
FY22 ₹694M
FY23 ₹729M
FY24 ₹933M
FY25 ₹823M

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Cite: Fair Value Calculator (2026). "Lincoln Pharmaceuticals Limited Fair Value". https://www.fairvalue-calculator.com/stock/531633

Peer Group

Health Care · 2250 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Drug Manufacturers - Major” was too small, so the broader sector is used.)

Quality Score 60 · Above median
Fair Value upside −2% · Above median
Return on equity (TTM) 17% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 16% · Above median
Revenue growth 12% · Above median
Dividend yield (TTM) 1.3% · Below median

Valuation Multiples vs Health Care median · lower = cheaper

P/E (TTM) 8.2× · Cheaper than 75% of peers
P/B 0.66× · Cheaper than 75% of peers
P/S (TTM) 1.09× · Cheaper than median
EV/EBITDA 5.7× · Cheaper than 75% of peers

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.

Similar stocks

10 more Drug Manufacturers - Major stocks, each showing price versus our Fair Value estimate (as of Aug 18, 2026).

Stock Price Fair Value vs Fair Value
AstraZeneca Pharma India Limited 506820 ₹7,754 ₹810.13 -90%
Granules India Limited 532482 ₹861.80 ₹420.24 -51%
FDC Limited 531599 ₹354.40 ₹255.06 -28%
Marksans Pharma Limited 524404 ₹331.65 ₹151.74 -54%
Bliss GVS Pharma Limited 506197 ₹524.05 ₹104.64 -80%
Albert David Limited 524075 ₹808.85 ₹500.79 -38%
Syncom Formulations (India) Limited 524470 ₹15.88 ₹10.20 -36%
Wanbury Limited 524212 ₹250.55 ₹226.69 -10%
Makers Laboratories Limited 506919 ₹153.20 ₹105.20 -31%
Syschem (India) Limited 531173 ₹30.91 ₹7.53 -76%

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Frequently asked questions

Is Lincoln Pharmaceuticals Limited (531633) overvalued or undervalued?
As of Aug 18, 2026, our model estimates a fair value of ₹600.51 versus a price of ₹612.85, about −2% (fairly valued).
What is the fair value of 531633?
Our model-based fair value for Lincoln Pharmaceuticals Limited is ₹600.51 (as of Aug 18, 2026), built from audited fundamentals. The current price is ₹612.85.
What is the quality score of 531633?
Lincoln Pharmaceuticals Limited has a Quality Score of 60/100. 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 revenue of Lincoln Pharmaceuticals Limited (531633)?
Lincoln Pharmaceuticals Limited reported trailing-twelve-month revenue of about ₹4.1B (latest available figure, as of Aug 18, 2026).
What is the net profit margin of 531633?
The net profit margin of Lincoln Pharmaceuticals Limited is about 13.8%, meaning it keeps roughly 13.8% of revenue as net income. Based on the latest reported figures.
Does Lincoln Pharmaceuticals Limited pay a dividend?
Lincoln Pharmaceuticals Limited currently shows a dividend yield of about 1.31% relative to its recent price (as of Aug 18, 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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