{"id":299956,"date":"2026-10-09T17:59:06","date_gmt":"2026-10-09T12:29:06","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=299956"},"modified":"2026-10-09T17:59:06","modified_gmt":"2026-10-09T12:29:06","slug":"lupin-share-price-target-2027","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/lupin-share-price-target-2027\/","title":{"rendered":"Lupin Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Lupin share price Rs 1,956.50 (9 October 2026). Base target Rs 2,331, bull Rs 2,792, downside risk Rs 1,554. PE 16.0. 52W range Rs 1,900.00 to Rs 2,529.50.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The Lupin share price target for 2027 is Rs 2,331, about 19.1% above the current price of Rs 1,956.50. The bull case is Rs 2,792, and the downside risk level, which is not a target, is Rs 1,554. The base case assumes earnings per share grow 20.0% a year, a cap applied because the FY24 to FY26 pace was 66.8%, with the stock holding its PE of 16.0. These are model-based estimates built from reported financials, not guaranteed outcomes.<\/p>\n<\/p><\/div>\n<p>Investors weighing a Lupin target price for 2027 should start with where the stock sits today. At Rs 1,956.50 on 9 October 2026, it is 22.7% below its 52-week high of Rs 2,529.50 and 3.0% above its 52-week low of Rs 1,900.00. That range spans 33% from low to high, so the entry point matters as much as the Lupin price forecast itself.<\/p>\n<p>This article builds the Lupin share price target from reported numbers only: four years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 2,331 base case and the Rs 2,792 bull case were reached, along with a downside risk level of Rs 1,554.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=lupin-share-price-target-2027\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/lupin-share-price-target-2027\/#Lupin_Stock_Analysis_Company_Overview_and_Key_Stats\" title=\"Lupin Stock Analysis: Company Overview and Key Stats\">Lupin Stock Analysis: Company Overview and Key Stats<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/lupin-share-price-target-2027\/#Why_Is_Lupin_Share_Price_Target_Set_at_Rs_2331_for_2027\" title=\"Why Is Lupin Share Price Target Set at Rs 2,331 for 2027?\">Why Is Lupin Share Price Target Set at Rs 2,331 for 2027?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/lupin-share-price-target-2027\/#Earnings_Growth_Behind_the_Lupin_Target_Price_Four_Years_of_Results\" title=\"Earnings Growth Behind the Lupin Target Price: Four Years of Results\">Earnings Growth Behind the Lupin Target Price: Four Years of Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/lupin-share-price-target-2027\/#Margins_and_the_Latest_Quarter\" title=\"Margins and the Latest Quarter\">Margins and the Latest Quarter<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/lupin-share-price-target-2027\/#Balance_Sheet_and_Cash_Flow\" title=\"Balance Sheet and Cash Flow\">Balance Sheet and Cash Flow<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/lupin-share-price-target-2027\/#Valuation_Check_for_the_Lupin_Stock_Target_PE_Price_to_Book_and_ROE\" title=\"Valuation Check for the Lupin Stock Target: PE, Price to Book and ROE\">Valuation Check for the Lupin Stock Target: PE, Price to Book and ROE<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/lupin-share-price-target-2027\/#Shareholding_Pattern_and_Institutional_Holding\" title=\"Shareholding Pattern and Institutional Holding\">Shareholding Pattern and Institutional Holding<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/lupin-share-price-target-2027\/#Lupin_Share_Price_Targets_for_the_Short_Term_and_12_Months\" title=\"Lupin Share Price Targets for the Short Term and 12 Months\">Lupin Share Price Targets for the Short Term and 12 Months<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/lupin-share-price-target-2027\/#Short_Term_Lupin_Stock_Target_Levels_Technical_Setup\" title=\"Short Term Lupin Stock Target Levels: Technical Setup\">Short Term Lupin Stock Target Levels: Technical Setup<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/lupin-share-price-target-2027\/#12_Month_Lupin_Target_Price_for_2027\" title=\"12 Month Lupin Target Price for 2027\">12 Month Lupin Target Price for 2027<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/lupin-share-price-target-2027\/#How_EPS_Growth_and_PE_Multiple_Change_the_Lupin_Target_Price\" title=\"How EPS Growth and PE Multiple Change the Lupin Target Price\">How EPS Growth and PE Multiple Change the Lupin Target Price<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/lupin-share-price-target-2027\/#Bull_Case_and_Downside_Risk_for_Lupin_Stock_Target_in_2027\" title=\"Bull Case and Downside Risk for Lupin Stock Target in 2027\">Bull Case and Downside Risk for Lupin Stock Target in 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/lupin-share-price-target-2027\/#Bull_Case_Rs_2792\" title=\"Bull Case Rs 2,792\">Bull Case Rs 2,792<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/lupin-share-price-target-2027\/#Downside_Risk_Level_Rs_1554\" title=\"Downside Risk Level Rs 1,554\">Downside Risk Level Rs 1,554<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/lupin-share-price-target-2027\/#Key_Risks_to_the_Lupin_Target_Price_for_2027\" title=\"Key Risks to the Lupin Target Price for 2027\">Key Risks to the Lupin Target Price for 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/lupin-share-price-target-2027\/#Growth_Slowdown_Risk_for_the_Lupin_Price_Target\" title=\"Growth Slowdown Risk for the Lupin Price Target\">Growth Slowdown Risk for the Lupin Price Target<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/lupin-share-price-target-2027\/#Liquidity_and_Size_Risk\" title=\"Liquidity and Size Risk\">Liquidity and Size Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/lupin-share-price-target-2027\/#Valuation_and_Margin_Risk\" title=\"Valuation and Margin Risk\">Valuation and Margin Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/lupin-share-price-target-2027\/#Market_and_Technical_Risk\" title=\"Market and Technical Risk\">Market and Technical Risk<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/lupin-share-price-target-2027\/#How_to_Invest_in_Lupin\" title=\"How to Invest in Lupin\">How to Invest in Lupin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/lupin-share-price-target-2027\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/lupin-share-price-target-2027\/#FAQs_on_Lupin_Share_Price_Target_2027\" title=\"FAQs on Lupin Share Price Target 2027\">FAQs on Lupin Share Price Target 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/univest.in\/blogs-2\/lupin-share-price-target-2027\/#What_is_the_Lupin_share_price_target_for_2027\" title=\"What is the Lupin share price target for 2027?\">What is the Lupin share price target for 2027?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/univest.in\/blogs-2\/lupin-share-price-target-2027\/#What_is_the_Lupin_share_price_today\" title=\"What is the Lupin share price today?\">What is the Lupin share price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/univest.in\/blogs-2\/lupin-share-price-target-2027\/#Is_Lupin_a_buy_or_sell_at_the_current_price\" title=\"Is Lupin a buy or sell at the current price?\">Is Lupin a buy or sell at the current price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/univest.in\/blogs-2\/lupin-share-price-target-2027\/#What_are_the_bull_case_target_and_downside_risk_level_for_Lupin_shares\" title=\"What are the bull case target and downside risk level for Lupin shares?\">What are the bull case target and downside risk level for Lupin shares?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/univest.in\/blogs-2\/lupin-share-price-target-2027\/#What_are_the_main_risks_to_the_Lupin_price_target\" title=\"What are the main risks to the Lupin price target?\">What are the main risks to the Lupin price target?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/univest.in\/blogs-2\/lupin-share-price-target-2027\/#What_is_the_PE_ratio_of_Lupin_and_how_does_it_compare_with_the_industry\" title=\"What is the PE ratio of Lupin and how does it compare with the industry?\">What is the PE ratio of Lupin and how does it compare with the industry?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/univest.in\/blogs-2\/lupin-share-price-target-2027\/#Who_owns_Lupin_and_what_is_the_promoter_holding\" title=\"Who owns Lupin, and what is the promoter holding?\">Who owns Lupin, and what is the promoter holding?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/univest.in\/blogs-2\/lupin-share-price-target-2027\/#What_were_Lupins_latest_quarterly_results\" title=\"What were Lupin&#8217;s latest quarterly results?\">What were Lupin&#8217;s latest quarterly results?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Lupin_Stock_Analysis_Company_Overview_and_Key_Stats\"><\/span><strong>Lupin Stock Analysis: Company Overview and Key Stats<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Lupin (NSE: LUPIN) has a market capitalisation of Rs 88,806 crore. In FY26 it reported revenue of Rs 29,039 crore and net profit of Rs 5,355 crore. The table collects the figures the Lupin share price target is built on.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Metric<\/th>\n<th>Value<\/th>\n<\/tr>\n<tr>\n<td>Company<\/td>\n<td><a href=\"https:\/\/univest.in\/stocks\/lupin\/lupin-ltd-share-price-today\">Lupin<\/a><\/td>\n<\/tr>\n<tr>\n<td>NSE Ticker<\/td>\n<td>LUPIN<\/td>\n<\/tr>\n<tr>\n<td>CMP (9 October 2026)<\/td>\n<td>Rs 1,956.50<\/td>\n<\/tr>\n<tr>\n<td>52-Week High<\/td>\n<td>Rs 2,529.50<\/td>\n<\/tr>\n<tr>\n<td>52-Week Low<\/td>\n<td>Rs 1,900.00<\/td>\n<\/tr>\n<tr>\n<td>Market Cap<\/td>\n<td>Rs 88,806 crore<\/td>\n<\/tr>\n<tr>\n<td>PE Ratio (TTM)<\/td>\n<td>16.00<\/td>\n<\/tr>\n<tr>\n<td>Industry PE<\/td>\n<td>37.59<\/td>\n<\/tr>\n<tr>\n<td>Price to Book<\/td>\n<td>3.96<\/td>\n<\/tr>\n<tr>\n<td>Return on Equity<\/td>\n<td>23.76%<\/td>\n<\/tr>\n<tr>\n<td>Debt to Equity<\/td>\n<td>0.29<\/td>\n<\/tr>\n<tr>\n<td>EPS (TTM)<\/td>\n<td>Rs 121.39<\/td>\n<\/tr>\n<tr>\n<td>Dividend Yield<\/td>\n<td>0.93%<\/td>\n<\/tr>\n<tr>\n<td>12-Month Base Target<\/td>\n<td>Rs 2,331<\/td>\n<\/tr>\n<tr>\n<td>Bull Case<\/td>\n<td>Rs 2,792<\/td>\n<\/tr>\n<tr>\n<td>Downside Risk Level (not a target)<\/td>\n<td>Rs 1,554<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Why_Is_Lupin_Share_Price_Target_Set_at_Rs_2331_for_2027\"><\/span><strong>Why Is Lupin Share Price Target Set at Rs 2,331 for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The base-case Lupin stock target of Rs 2,331 applies a PE multiple of 16.00 to a forward EPS estimate of Rs 145.67. That EPS assumes 20.0% yearly growth, the pace from FY24 to FY26, and puts the target 19.1% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Earnings_Growth_Behind_the_Lupin_Target_Price_Four_Years_of_Results\"><\/span><strong>Earnings Growth Behind the Lupin Target Price: Four Years of Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Lupin grew revenue from Rs 16,793 crore in FY23 to Rs 29,039 crore in FY26, a compound annual growth rate of 20.0%. Net profit grew faster, from Rs 447.69 crore to Rs 5,355 crore (128.7% a year), which shows margin gains did part of the work and not just higher sales.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Financial Year<\/th>\n<th>Revenue (Rs Cr)<\/th>\n<th>Net Profit (Rs Cr)<\/th>\n<th>EPS (Rs)<\/th>\n<th>Dividend per Share (Rs)<\/th>\n<\/tr>\n<tr>\n<td>FY23<\/td>\n<td>16,792.57<\/td>\n<td>447.69<\/td>\n<td>9.41<\/td>\n<td>4.00<\/td>\n<\/tr>\n<tr>\n<td>FY24<\/td>\n<td>20,141.50<\/td>\n<td>1,935.57<\/td>\n<td>41.87<\/td>\n<td>8.00<\/td>\n<\/tr>\n<tr>\n<td>FY25<\/td>\n<td>22,909.51<\/td>\n<td>3,306.26<\/td>\n<td>71.69<\/td>\n<td>12.00<\/td>\n<\/tr>\n<tr>\n<td>FY26<\/td>\n<td>29,038.95<\/td>\n<td>5,355.47<\/td>\n<td>116.44<\/td>\n<td>18.00<\/td>\n<\/tr>\n<\/table>\n<p>FY26 revenue growth was 26.8%, faster than the three-year average of 20.0%, and net profit moved up 62.0%. EPS rose from Rs 41.87 in FY24 to Rs 116.44 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Margins_and_the_Latest_Quarter\"><\/span><strong>Margins and the Latest Quarter<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Lupin converted 18.4% of FY26 revenue into net profit, against 14.4% in FY25, within a four-year range of 2.7% to 18.4%. EBITDA margin was 29.9% in FY26 versus 23.9% in FY25.<\/p>\n<p>In the June 2026 quarter, revenue was Rs 8,407 crore, up 32.5% from the same quarter a year earlier, while net profit of Rs 1,417 crore was up 16.0%. EBITDA came in at Rs 2,580 crore, up 42.8% year on year. The next quarterly result is the first test of whether the earnings assumption holds.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Balance_Sheet_and_Cash_Flow\"><\/span><strong>Balance Sheet and Cash Flow<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Debt to equity stands at 0.29, and shareholders&#8217; equity grew from Rs 12,543 crore in FY23 to Rs 22,513 crore in FY26. Operating cash flow in FY26 was Rs 7,334 crore against capital expenditure of Rs 2,055 crore, leaving free cash flow of Rs 5,280 crore, or 5.9% of the current market capitalisation. In FY25 free cash flow was Rs 1,318 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Valuation_Check_for_the_Lupin_Stock_Target_PE_Price_to_Book_and_ROE\"><\/span><strong>Valuation Check for the Lupin Stock Target: PE, Price to Book and ROE<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At a PE of 16.00 against an industry PE of 37.59, Lupin trades at a discount to its industry. Price to book is 3.96 on a book value of Rs 490.90 per share, and return on equity is 23.76%. A PE of 16.00 equals an earnings yield of 6.2%, and the FY26 dividend of Rs 18.00 per share gives a yield of 0.93%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Shareholding_Pattern_and_Institutional_Holding\"><\/span><strong>Shareholding Pattern and Institutional Holding<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Promoters held 46.85% of Lupin in June 2026, and promoter holding has stayed near 46.85% since June 2025. Foreign institutional investors (FII) held 22.42% and domestic institutions (DII) held 24.65%, which puts total institutional holding at 47.07%. FII holding rose from 21.25% in June 2025 to 22.42% in June 2026. Public shareholders own the remaining 6.08%. A meaningful institutional holding adds a layer of research coverage and trading depth.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Lupin_Share_Price_Targets_for_the_Short_Term_and_12_Months\"><\/span><strong>Lupin Share Price Targets for the Short Term and 12 Months<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Short_Term_Lupin_Stock_Target_Levels_Technical_Setup\"><\/span><strong>Short Term Lupin Stock Target Levels: Technical Setup<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At Rs 1,956.50 on 9 October 2026, Lupin trades below its 50-day simple moving average of Rs 2,166.12 and below its 200-day exponential moving average of Rs 2,211.72. The 14-day RSI reads 29.5, which is oversold territory, and the MACD line sits below its signal line. The nearest resistance level is Rs 2,166.12 (50-day simple moving average) and the nearest support is Rs 1,900.00 (52-week low). A sustained move above Rs 2,166.12 would improve the short-term setup, while a close below Rs 1,900.00 would shift attention to the next support.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_Month_Lupin_Target_Price_for_2027\"><\/span><strong>12 Month Lupin Target Price for 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The 12-month target for Lupin is Rs 2,331: forward EPS of Rs 145.67 at a PE of 16.00. That is 19.1% above Rs 1,956.50. It would still leave the stock 7.8% below its 52-week high of Rs 2,529.50.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_EPS_Growth_and_PE_Multiple_Change_the_Lupin_Target_Price\"><\/span><strong>How EPS Growth and PE Multiple Change the Lupin Target Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>EPS Growth<\/th>\n<th>PE 12.80<\/th>\n<th>PE 16.00<\/th>\n<th>PE 18.40<\/th>\n<\/tr>\n<tr>\n<td>0.0% (EPS Rs 121.39)<\/td>\n<td>Rs 1,554<\/td>\n<td>Rs 1,942<\/td>\n<td>Rs 2,234<\/td>\n<\/tr>\n<tr>\n<td>20.0% (EPS Rs 145.67)<\/td>\n<td>Rs 1,865<\/td>\n<td>Rs 2,331<\/td>\n<td>Rs 2,680<\/td>\n<\/tr>\n<tr>\n<td>25.0% (EPS Rs 151.74)<\/td>\n<td>Rs 1,942<\/td>\n<td>Rs 2,428<\/td>\n<td>Rs 2,792<\/td>\n<\/tr>\n<\/table>\n<p>Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Lupin price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bull_Case_and_Downside_Risk_for_Lupin_Stock_Target_in_2027\"><\/span><strong>Bull Case and Downside Risk for Lupin Stock Target in 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Bull_Case_Rs_2792\"><\/span><strong>Bull Case Rs 2,792<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The bull case Lupin price target needs EPS growth of 25.0%, which lifts forward EPS to Rs 151.74, and a PE multiple that rises 15% to 18.40. That gives Rs 2,792, 42.7% above the current price and above the 52-week high of Rs 2,529.50, so the stock would have to set a fresh 52-week high.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Downside_Risk_Level_Rs_1554\"><\/span><strong>Downside Risk Level Rs 1,554<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The downside risk level is not a target. It assumes EPS stays flat at Rs 121.39 and the PE falls 20% to 12.80. That gives Rs 1,554, 20.6% below the current price and below the 52-week low of Rs 1,900.00.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Scenario<\/th>\n<th>EPS Growth<\/th>\n<th>PE Multiple<\/th>\n<th>Price (Rs)<\/th>\n<th>Change vs CMP<\/th>\n<\/tr>\n<tr>\n<td>Bull Case<\/td>\n<td>25.0%<\/td>\n<td>18.40<\/td>\n<td>Rs 2,792<\/td>\n<td>+42.7%<\/td>\n<\/tr>\n<tr>\n<td>Base Case<\/td>\n<td>20.0%<\/td>\n<td>16.00<\/td>\n<td>Rs 2,331<\/td>\n<td>+19.1%<\/td>\n<\/tr>\n<tr>\n<td>Downside Risk<\/td>\n<td>0.0%<\/td>\n<td>12.80<\/td>\n<td>Rs 1,554<\/td>\n<td>-20.6%<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_the_Lupin_Target_Price_for_2027\"><\/span><strong>Key Risks to the Lupin Target Price for 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Growth_Slowdown_Risk_for_the_Lupin_Price_Target\"><\/span><strong>Growth Slowdown Risk for the Lupin Price Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Revenue in the June 2026 quarter was up 32.5% year on year, and FY26 revenue growth was 26.8%. If growth slows from here, the EPS estimate behind the Lupin stock target will need revising.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Liquidity_and_Size_Risk\"><\/span><strong>Liquidity and Size Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Lupin has a market capitalisation of Rs 88,806 crore. Institutional holding is 47.07%, and promoters hold 46.85%. A company of this size trades with deep liquidity, so entry and exit are rarely a problem, and the larger risk is paying too much for slow earnings growth.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Valuation_and_Margin_Risk\"><\/span><strong>Valuation and Margin Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Net margin was 18.4% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 16.00 versus an industry PE of 37.59, a de-rating toward the downside-risk PE of 12.80 would cut the price even if earnings hold.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Market_and_Technical_Risk\"><\/span><strong>Market and Technical Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The stock trades 22.7% below its 52-week high, with an RSI of 29.5 and a MACD reading below its signal line. Broader market weakness can override company fundamentals in the short term.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Invest_in_Lupin\"><\/span><strong>How to Invest in Lupin<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Start with the live price and volume. Any Lupin share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 1,956.50 price before acting on any level.<\/p>\n<p>Next, review the fundamentals yourself. The Univest Screener lets you check Lupin&#8217;s PE, ROE, debt and shareholding in one place.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check Lupin fundamentals on the Univest Screener<\/strong><\/a><\/p>\n<p>Then compare the three Lupin target price scenarios with your own view. If you expect EPS growth below 20.0%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.<\/p>\n<p>Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.<\/p>\n<p>Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Lupin live price and get daily stock recommendations.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Lupin share price target for 2027 is Rs 2,331 in the base case, with Rs 2,792 as the bull case. The support for that view is arithmetic you can check: EPS grew 66.8% a year over FY24 to FY26, and the stock trades at a PE of 16.00. The risks are equally concrete, including a stock that sits 22.7% below its 52-week high and a downside scenario that cuts the price 21% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Lupin_Share_Price_Target_2027\"><\/span><strong>FAQs on Lupin Share Price Target 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Lupin_share_price_target_for_2027\"><\/span><strong>What is the Lupin share price target for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The base-case Lupin share price target for 2027 is Rs 2,331, with Rs 2,792 as the bull case. The downside risk level, which is not a target, is Rs 1,554. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Lupin_share_price_today\"><\/span><strong>What is the Lupin share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of 9 October 2026, 3:30 PM IST, Lupin trades at Rs 1,956.50, up 1.01% on the day. The 52-week range is Rs 1,900.00 to Rs 2,529.50.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Lupin_a_buy_or_sell_at_the_current_price\"><\/span><strong>Is Lupin a buy or sell at the current price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The data is mixed rather than one-sided: EPS has grown 66.8% a year over FY24 to FY26, but the stock is 22.7% below its 52-week high. Whether Lupin fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_bull_case_target_and_downside_risk_level_for_Lupin_shares\"><\/span><strong>What are the bull case target and downside risk level for Lupin shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The bull case target is Rs 2,792, which assumes 25.0% EPS growth and a PE of 18.40. The downside risk level is Rs 1,554, which assumes flat EPS and a PE of 12.80. It marks a risk, not a target.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_main_risks_to_the_Lupin_price_target\"><\/span><strong>What are the main risks to the Lupin price target?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are slower revenue growth, a small market capitalisation of Rs 88,806 crore, a PE de-rating and short-term weakness in the broader market. Each is covered in the risk section above.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PE_ratio_of_Lupin_and_how_does_it_compare_with_the_industry\"><\/span><strong>What is the PE ratio of Lupin and how does it compare with the industry?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The PE ratio of Lupin is 16.00 against an industry PE of 37.59. Price to book is 3.96 and return on equity is 23.76%. The base case in the Lupin price target holds this PE constant.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_owns_Lupin_and_what_is_the_promoter_holding\"><\/span><strong>Who owns Lupin, and what is the promoter holding?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Promoters held 46.85% of Lupin in June 2026. FII held 22.42%, DII held 24.65% and the public held 6.08%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_Lupins_latest_quarterly_results\"><\/span><strong>What were Lupin&#8217;s latest quarterly results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> In the June 2026 quarter, Lupin reported revenue of Rs 8,407 crore (up 32.5% year on year) and net profit of Rs 1,417 crore (up 16.0%).<\/p>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the Lupin share price target for 2027?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The base-case Lupin share price target for 2027 is Rs 2,331, with Rs 2,792 as the bull case. The downside risk level, which is not a target, is Rs 1,554. 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FII held 22.42%, DII held 24.65% and the public held 6.08%.\"}},{\"@type\":\"Question\",\"name\":\"What were Lupin's latest quarterly results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"In the June 2026 quarter, Lupin reported revenue of Rs 8,407 crore (up 32.5% year on year) and net profit of Rs 1,417 crore (up 16.0%).\"}}]}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lupin share price target 2027: base Rs 2,331, bull Rs 2,792, downside risk level Rs 1,554, built from reported earnings, valuation and shareholding data.<\/p>\n","protected":false},"author":34,"featured_media":299955,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[1019],"class_list":["post-299956","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-stock-market"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["299955"],"rank_math_title":["Lupin Share Price Target 2027: Base and Bull Case"],"rank_math_description":["The Lupin share price target for 2027 is Rs 2,331 against a price of Rs 1,956.50. See the bull case, downside risk, earnings trend, valuation and key risks. October 2026."],"rank_math_focus_keyword":["Lupin share price target | Density Target: 1.2 to 1.5%"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/lupin-share-price-target-2027-base-and-bull-targets-built-on-fy26-earnings.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/299956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=299956"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/299956\/revisions"}],"predecessor-version":[{"id":299957,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/299956\/revisions\/299957"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/299955"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=299956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=299956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=299956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}