Abbott India Limited (ABBOTINDIA.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+179.8%

₹72,121.70

vs ₹25,780.00 price

Levered DCF

₹69,403.37

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

22.4

Safe zone

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	35.48×	45.55×	48.68×	49.38×	47.1×	46.1×	55.37×	34.43×
P/B	11.53×	15.22×	15.81×	14.7×	13.34×	12.24×	13.5×	7.72×
P/S	7.95×	10.06×	10×	8.77×	7.66×	7.39×	8.03×	4.22×
EV / EBITDA	24.37×	32.52×	34.25×	34.39×	32.31×	31.7×	37.74×	21.4×
Gross margin	36.2%	45.2%	44.7%	44.2%	45.7%	44.3%	60.4%	59.1%
Operating margin	26.5%	25.7%	24.0%	21.5%	20.9%	20.2%	17.2%	16.1%
Net margin	22.4%	22.1%	20.5%	17.8%	16.3%	16.0%	14.5%	12.3%
Current ratio	2.55×	3.39×	2.42×	2.51×	3.2×	3.41×	3.6×	3.22×
Debt / equity	0.04×	0.05×	0.02×	0.04×	0.05×	0.06×	0.07×	0×
Interest coverage	97.31×	231.64×	112.89×	71.75×	53.71×	47.71×	82.67×	262.98×
Dividend yield	1.8%	1.4%	1.2%	1.2%	1.6%	1.7%	0.5%	0.8%
Payout ratio	65.0%	61.6%	57.5%	61.5%	73.2%	76.9%	28.1%	26.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	32.5%	33.4%	32.5%	29.8%	28.3%	26.5%	24.4%	22.4%
Return on invested capital	27.0%	27.1%	26.8%	25.2%	24.8%	22.6%	19.4%	18.3%
Return on assets	23.9%	23.9%	23.1%	20.8%	18.9%	18.0%	16.7%	15.3%
Free cash flow yield	3.0%	1.5%	2.0%	1.8%	2.4%	2.2%	1.9%	3.1%
Earnings yield	2.8%	2.2%	2.1%	2.0%	2.1%	2.2%	1.8%	2.9%
Enterprise value	₹529.9B	₹640.6B	₹582.7B	₹467.6B	₹376.4B	₹317.7B	₹328.6B	₹153.7B
Net debt / EBITDA	-0.96×	-0.18×	-0.12×	-0.09×	0.02×	-0.07×	0.03×	-0.19×
Cash conversion cycle (days)	6	22	-19	-1	1	23	9	28