Look at this - http://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/cipla/C
As you can see from the link above CIPLA's PE is 44.18 times, usually denoted as 44.18x. It suggests that the price at which Cipla is trading is 44.18 times its EPS.
Cipla's EPS is 15.02, hence the price should be 44.18 times 15.02 = 663, which is the price it is tarding at in the market.
Times refers to a 'multiple'.
FY16 times indicates a multiple based on financial year 2015-16.