Alembic Pharmaceuticals Ltd - Stock Valuation and Financial Performance

BSE: 533573 | NSE: APLLTD | Pharmaceuticals & Drugs | Small Cap

Alembic Pharma Share Price

965.05 5.00 0.52%
as on 18-May'24 12:50

DeciZen - make an informed investing decision on Alembic Pharma

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Semi Strong

Alembic Pharmaceuticals stock performance -

mw4me loader
P/E Ratio (CD):
30.64
Market Cap:
18,871 Cr.
52-wk low:
536.6
52-wk high:
1,093.1

Is Alembic Pharmaceuticals Ltd an attractive stock to invest in?

1. Is Alembic Pharmaceuticals Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Alembic Pharmaceuticals Ltd is a good quality company.

2. Is Alembic Pharmaceuticals Ltd undervalued or overvalued?

The key valuation ratios of Alembic Pharmaceuticals Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Alembic Pharmaceuticals Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Alembic Pharmaceuticals Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Alembic Pharma:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Alembic Pharmaceuticals Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 33.1%29.1%50.3%22.2%15.9%17.2%19.8%20.9%8.7%21.8%-
Value Creation
Index
1.51.22.70.60.20.30.50.6-0.40.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,8632,0563,1663,1353,1313,9354,6065,3935,3065,6536,229
Sales YoY Gr.-10.4%54%-1%-0.1%25.7%17.1%17.1%-1.6%6.5%-
Adj EPS 12.614.83821.620.730.245.255.324.858.531.3
YoY Gr.-17.9%156.6%-43.1%-4.3%46.2%49.6%22.6%-55.2%136.1%-
BVPS (₹) 35.846.984.7100.9117.8144.2170.8257.8266.5222.4245.1
Adj Net
Profit
2372797154073895698511,0884871,149616
Cash Flow from Ops. 2401729483293128124491,463552724-
Debt/CF from Ops. 0.51.50.10.32.31.43.90.31.10.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 13.1%12.5%7.1%6.5%
Adj EPS 18.7%23.1%9%136.1%
BVPS22.5%13.6%9.2%-16.6%
Share Price 14.2% 12.9% 0.8% 72.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
40.235.757.723.318.92328.726.39.523.913.4
Op. Profit
Mgn %
19.419.231.819.819.721.826.427.416.512.615
Net Profit
Mgn %
12.713.622.613.112.714.717.919.69.220.39.9
Debt to
Equity
0.20.30.10.10.30.40.50.10.10.20
Working Cap
Days
16318814615919418218618119218890
Cash Conv.
Cycle
39471626323869708810543

Recent Performance Summary

Sales growth is good in last 4 quarters at 10.45%

Return on Equity has declined versus last 3 years average to 13.40%

Sales growth has been subdued in last 3 years 7.07%

Net Profit has been subdued in last 3 years 9.00%

Latest Financials - Alembic Pharmaceuticals Ltd.

Standalone Consolidated
TTM EPS (₹) 33.9 31.3
TTM Sales (₹ Cr.) 5,874 6,229
BVPS (₹.) 249.7 245.1
Reserves (₹ Cr.) 4,870 4,779
P/BV 3.84 3.92
PE 28.31 30.64
From the Market
52 Week Low / High (₹) 536.60 / 1093.05
All Time Low / High (₹) 34.00 / 1150.00
Market Cap (₹ Cr.) 18,871
Equity (₹ Cr.) 39.3
Face Value (₹) 2
Industry PE 47.9

Management X-Ray of Alembic Pharma:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Alembic Pharma

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1,8632,0563,1663,1353,1313,9354,6065,3935,3065,653
Operating Expenses 1,5061,6612,1612,5202,5163,0793,3923,9134,4324,945
Manufacturing Costs305307330354315358471491500561
Material Costs6276408248888869931,0391,2571,4461,709
Employee Cost 2473074735596237479061,0511,1331,169
Other Costs 3284085347206929819751,1141,3521,506
Operating Profit 3573951,0056156158561,2141,480874708
Operating Profit Margin (%) 19.2%19.2%31.7%19.6%19.7%21.8%26.4%27.4%16.5%12.5%
Other Income 4129335271487503
Interest 1045531827161850
Depreciation 40447283105115157183287275
Exceptional Items 000000-44000
Profit Before Tax 3113599365295417491,0001,368625355
Tax 757621612212015719925310413
Profit After Tax 2362837204074215938011,115521342
PAT Margin (%) 12.6%13.8%22.7%13.0%13.4%15.1%17.4%20.7%9.8%6.1%
Adjusted EPS (₹)12.515.038.221.421.931.044.058.326.517.4
Dividend Payout Ratio (%)24%23%10%19%18%18%23%24%38%46%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 6768851,5971,9022,2202,7193,2195,0675,2384,370
Share Capital 38383838383838393939
Reserves 6388471,5601,8652,1822,6813,1825,0285,1984,331
Minority Interest00000-1-29000
Debt78238114897089281,747200430636
Long Term Debt52190050049988720000
Short Term Debt25220114892084298610430636
Trade Payables288325566501759644626669706680
Others Liabilities 3314173493193766616281,026856378
Total Liabilities 1,3721,8652,6262,8114,0644,9526,1926,9617,2306,064

Fixed Assets

Gross Block6658611,0949501,2421,5232,1322,5452,8403,707
Accumulated Depreciation2683143861512493645817571,0421,308
Net Fixed Assets3975477087999931,1581,5521,7881,7982,398
CWIP 2183933961,0101,5511,8462,1832,304601
Investments 32535042491823611896
Inventories3113835706337349671,1881,4861,6101,475
Trade Receivables2733613503395264898653498071,046
Cash Equivalents 242745116090206811066982
Others Assets343462400434668532643814523364
Total Assets 1,3721,8652,6262,8114,0644,9526,1926,9617,2306,064

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 2401729483293128124491,463552724
PBT 3113599365295417491,0001,368625355
Adjustment 7045708387118278102418488
Changes in Working Capital -72-163139-166-181112-593238-367-58
Tax Paid -69-69-197-118-135-166-236-245-123-61
Cash Flow From Investing Activity -81-256-307-486-884-756-732-839-372-448
Capex -82-224-301-491-807-763-734-659-424-442
Net Investments 0-34-840-140-18648-7
Others 1221-77223751
Cash Flow From Financing Activity -15187-224-12950359155-597-217-262
Net Proceeds from Shares 000000073400
Net Proceeds from Borrowing -41-37-39-550000000
Interest Paid -11-5-5-5-26-70-111-73-52-50
Dividend Paid -55-65-79-90-91-91-3260-275-197
Others -45194-101-29120220592-1,259110-16
Net Cash Flow 83417-286-69115-12827-3714
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)39.9736.2458.0223.2520.422426.9726.9110.117.12
ROCE (%)43.5437.5465.8628.8722.1522.6623.326.2811.257.44
Asset Turnover Ratio1.491.281.411.150.910.870.830.820.750.85
PAT to CFO Conversion(x)1.020.611.320.810.741.370.561.311.062.12
Working Capital Days
Receivable Days49564140504754414060
Inventory Days5661557080798590106100
Payable Days154175197219259258223188174148

Alembic Pharmaceuticals Ltd Stock News

Alembic Pharmaceuticals Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Alembic Pharma on 18-May-2024 12:50 is ₹965.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 18-May-2024 12:50 the market cap of Alembic Pharma stood at ₹18,871.
The latest P/E ratio of Alembic Pharma as of 18-May-2024 12:50 is 28.31.
The latest P/B ratio of Alembic Pharma as of 18-May-2024 12:50 is 3.84.
The 52-week high of Alembic Pharma is ₹1,093.1 and the 52-week low is ₹536.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Alembic Pharma is ₹5,874 ( Cr.) .

About Alembic Pharmaceuticals Ltd

The legacy of Alembic Pharmaceuticals Limited (APL) dates back to over 100 years. Established in 1907 with an objective to develop and revolutionize the Pharmaceutical and Drug industry in the Indian subcontinent, Alembic Pharmaceuticals Limited today is one of the leading pharmaceutical companies in India. The publicly listed entity that manufactures and markets generic pharmaceutical products across the globe has grown by leaps and bounds over the last century.

With an emphasis on innovation and technology, the company has established a state-of-the-art research facility - Alembic Research Centre (ARC)-including formulation research, and huge bioequivalence facility at Vadodara, Gujarat. Additionally, APL has recently invested in ultra-modern R&D center at Hyderabad.

Business area of the company

The company is principally engaged in the manufacturing and selling of Pharmaceuticals products i.e. Formulations and Active Pharmaceutical Ingredients. The company presents an extensive range of branded and generic formulations, in compliance with international and national regulations, that cater to diverse therapeutic segments.

Awards and recognition

  • Forbes India Awards Mr Pranav Amin and Mr. Shaunak Amin as ‘NextGen Entrepreneurs of the Year’
  • 1st Runner up Position in Job Safety Analysis(JSA) - at CII Industrial Safety Summit 2016
  • The company’s Commitment towards Risk Management honoured at Gujarat Seminar and Conclave on Risk Management.
  • The company’s MDs honoured with 'Transformational Leader Award'
  • The company won 'HR event of the Year' and 'Outstanding contribution to the cause of Education' at the 'Gujarat Best Employer Brand Awards 2017'
  • The company won 'HR event of the Year' at the 'Gujarat Best Employer Brand Awards 2017'

Milestones

  • 1907: Started manufacturing tinctures and alcohol at Vadodara.
  • 1940: Started manufacturing cough syrup, vitamins, tonics and sulphur drugs.
  • 1961: Lal bahadur Shastri inaugurates the Penicillin plant.
  • 1967: Bulk manufacturing of Vitamin B12.
  • 1971: Erythromycin manufactured for the first time in India.
  • 1972: Althrocin a brand of Erythromycin launched.
  • 1997: Althrocin becomes top selling brand in India.
  • 1999: Alembic starts production of synthetic organic API.
  • 2000: Gets ISO 14000 certification for its facilities at Vadodara.
  • 2001: Starts manufacturing of Cephalosporin C.
  • 2007: Acquisition of non - oncology business of Dabur Pharma Ltd.
  • 2009: Addressed chronic therapies through multiple marketing divisions.
  • 2010: ANDA’s total filed 38. DMF total filed to 53 and get approval for 15.
  • 2011: Pharmaceutical Business demerged from Alembic - APL Listed.
  • 2012: Launched Dermatology division in domestic market with 8 products.
  • 2013: Launched first NDA with a partner. Commenced filing in EU, Australia and Brazil.
  • 2014: Formed a JV in Algeria- Alembic MAMI SPA to explore African market.
  • 2015: Launched Aripiprazole on Day-1. Established the U. S front-end, transition to own marketing in the U.S.
  • 2016: Formed JV 60:40 with Orbicular - “Aleor Dermaceuitical Limited” for developing Dermatology Products for international markets.
  • 2017: Shri. Vijay Rupani - Hon’ble Chief Minister of Gujarat, inaugurates the manufacturing facility for Oncology medicines (oral solids and liquid injectable vials).
  • 2017: Acquired Orit Laboratories LLC, USA.
  • 2018: FDA approved Aleor’s dermatology facility.
  • 2018: Highest ever investment commitment across four new manufacturing facilities.
  • 2019: FDA approves Oncology oral solid facility.
  • 2019: Formed a JV, to enter China.
  • 2020: US front-end achieved milestone of $ 250 Mn Sales in 2019-20.
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