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Alpa Laboratories Ltd (ALPA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532878 NSE: ALPA Pharmaceuticals & Drugs | Small Cap | Alpa Laboratories Share Price

₹60.50 -0.16 (-0.26%)

As on 23-Sep'26 11:36

Alpa Laboratories Ltd (ALPA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532878 NSE: ALPA Pharmaceuticals & Drugs | Small Cap | Alpa Laboratories Share Price

₹60.50 -0.16 (-0.26%)

As on 23-Sep'26 11:36

Key Metrics
Valuation Multiples
Market Cap
₹128 Cr.
Current Price
₹60.5
52-Week Low / High
₹46 / 100
TTM EPS
₹2.1
TTM Sales
₹111 Cr.
Book Value per Share
₹89
P/E Ratio
29.15
Higher than its 5-year historical median
Industry PE
54.8
Price to Book (P/B)
0.68
Lower than its 5-year historical median
Price to Sales (P/S)
1.15
Lower than its 5-year historical median
EV/EBITDA
15.00
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
12.06%
Outperforms industry median
Return on Capital Employed (ROCE)
15.76%
Outperforms industry median
Return on Assets (ROA)
9.63%
Operating Profit Margin
4.3%
Net Profit Margin
17.34%
Gross Profit Margin
24.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
3.41%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-41.43%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
16.21%
Asset Quality
Promoter Holding
57.19%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹166 Cr.
Equity
₹21 Cr.
Face Value
₹10
All Time Low / High
₹5.50 / 144.60

Alpa Laboratories stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Fair

Price Trend

Weak
Q.1 Is Alpa Laboratories Ltd a good quality company?
Alpa Laboratories Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Alpa Laboratories Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Alpa Laboratories Ltd vs industry peers?
Alpa Laboratories Ltd revenue CAGR is 5.52%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Alpa Laboratories Ltd?
Promoters hold 57.19% of the Alpa Laboratories Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Alpa Laboratories Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 5.6% based on the current price.

10 Year X-Ray :

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.
Alpa Laboratories Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 10.3%9.5%7%4.8%4.8%9.5%15.5%11.3%13.4%15%-
Value Creation
Index
-0.3-0.3-0.5-0.7-0.7-0.30.1-0.20.00.1-

Growth Parameters

Sales 53.563.462.3788697.611293109112111
Sales YoY Gr.-18.5%-1.8%25.2%10.2%13.5%15.1%-17.2%17%3.4%-
Adj EPS 3.53.32.212.32.63.74.27.79.12.1
YoY Gr.--5.7%-33.1%-55.9%135.7%10.8%43.8%15.2%82.3%17.5%-
BVPS (₹) 44.846.849.150.452.455.962.6697786.496
Adj Net
Profit
7.474.72.14.95.47.78.916.319.14
Cash Flow from Ops. -24.8-8.1-7.3-0.717.7-1.52.210.23.718.4-
Debt/CF from Ops. -1-1.3-0.8-2.50-0.12.70.31.40-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 8.6%5.5%0.1%3.4%
Adj EPS 11.1%31.5%35.1%17.5%
BVPS7.6%10.5%11.4%12.3%
Share Price 5.6% 3% -6.4% -36.3%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
8.27.34.624.54.76.26.510.611.12.3
Op. Profit
Mgn %
11.711.26.71.66.98.99.58.77.54.5-1
Net Profit
Mgn %
13.9117.52.75.75.56.99.615174
Debt to
Equity
0.30.10.10000000-
Working Cap
Days
403432356280238222224279241246331
Cash Conv.
Cycle
1461471481261068297154141140250

Valuation of Alpa Laboratories - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

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 (%)

Financials

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales54636378869811293109112
Operating Expenses + 47565977839010285101108
Manufacturing Costs3344456776
Material Costs28363649515970556870
Employee Cost 791012121212121314
Other Costs 98912161314111317
Operating Profit 67413811885
Operating Profit Margin (%) 11.7%11.2%6.2%1.5%3.9%7.9%9.5%8.7%7.5%4.2%
Other Income + 6555341191523
Exceptional Items 0-200000000
Interest 1211000000
Depreciation 1333312122
Profit Before Tax 1065331120162126
Tax 3322145346
Profit After Tax 73312714131720
PAT Margin (%) 12.8%4.0%4.5%1.3%2.2%7.4%12.6%13.5%15.4%17.3%
Adjusted EPS (₹)3.31.21.30.50.93.46.76.08.09.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 93959898100108122135152171
Share Capital 21212121212121212121
Reserves 727477777987101114131150
Debt +241161004140
Long Term Debt0010002100
Short Term Debt241051002040
Minority Interest0000000000
Trade Payables19141313142515151219
Others Liabilities 106486814171432
Total Liabilities 146125121121120140155167182223

Fixed Assets

Net Fixed Assets +151110867971121
Gross Block35363839403134334051
Accumulated Depreciation20252831342325262831
CWIP 0000120000
Investments 121331495751757898118
Inventories15131414131715131418
Trade Receivables34292630253538474147
Cash Equivalents 37372116112922
Others Assets 34221920131816141617
Total Assets 146125121121120140155167182223
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -2217-13-118-2109418
PBT 1065331120162126
Adjustment -011161-8-2-9-16
Changes in Working Capital -2814-16-210-101-1-412
Tax Paid -3-3-2-2-1-3-3-4-4-4
Cash Flow From Investing Activity + -8-2-11-15-116-162-13-12
Capex -11-3-2-1-3-3-2-1-6-11
Net Investments -2-3-14-12-128-19-0-10-3
Others 544-2316332
Cash Flow From Financing Activity + -6-159-5-105-43-5
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 000-0-0-06-4-10
Interest Paid -1-2-1-1-0-0-0-0-0-0
Dividend Paid 0000000000
Others -4-1410-4-100-04-5
Net Cash Flow -350-15-2054-07-71
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)7.612.682.921.031.866.9712.299.8211.7112.06
ROCE (%)9.616.595.473.263.0910.4216.8112.1914.3115.76
Asset Turnover Ratio0.420.470.510.650.710.750.760.580.620.56
PAT to CFO Conversion(x)-3.145.67-4.33-19-0.290.710.690.240.9
Working Capital Days
Receivable Days186.50182.70160.20131.10115.90112.30119.40166.40147.50142.80
Inventory Days71.4080.6077.706556.5054.5052.1055.2044.2050.80
Payable Days181163.6013798.9096.20117.90103.7099.607279.20

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Alpa Laboratories Ltd FAQs

The current trading price of Alpa Laboratories on 23-Sep-2026 11:36 is ₹60.50.

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 22-Sep-2026 the market cap of Alpa Laboratories stood at ₹127.6 Cr

The latest P/E ratio of Alpa Laboratories as of 22-Sep-2026 is 29.19.

The latest P/B ratio of Alpa Laboratories as of 22-Sep-2026 is 0.63.

The 52-week high of Alpa Laboratories is ₹99.75 and the 52-week low is ₹46.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Alpa Laboratories is ₹111 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Alpa Laboratories Ltd is a average quality company.

The key valuation ratios of Alpa Laboratories Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Alpa Laboratories Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Alpa Laboratories Ltd

Incorporated as Alpa Laboratories Private Limited on March 18, 1988 under the Companies Act, 1956 and converted to public limited company on September 3, 1998 with the name of Alpa Laboratories Limited. The company has been listed on the Bombay Stock Exchange and the National Stock Exchange since August 6, 2007.

Alpa Laboratories Limited is a WHO-GMP and ISO 9001:2000 certified company located at Pigdamber, about 15 kilometers from the city of Indore in Central India. The company has been manufacturing Pharmaceutical Finished Dosage Forms since 1967. With its focus on quality, the company has earned tremendous faith and confidence of its associates.

The manufacturing facility is less than 20 kilometers from the center of the city of Indore in Central India and is spread over 1.20 acres. The facility has dedicated manufacturing areas for different Finished Dosage Forms (FDFs) including liquid injections, dry injections, tablets, capsules, eye drops, ear drops, ointments, creams and gels. The production areas are designed to maximize output quality and quantity with minimal down time.

The facility is WHO-GMP certified and all manufacturing areas are supplied with independent air supply systems for individual department. The independent supply systems are fed with separate air handling units to avoid cross contamination. Pressure gradients are maintained and monitored and the required air quality of class 100, 1000, 10,000 and class 100,000 is maintained.

Business area of the company

The company manufactures a wide range of products under its own brand and for a number of other reputed Indian and multinational companies. The product range includes a wide variety of ethical, generic and over the counter (OTC) drugs in various Finished Dosage Forms for both human and veterinary use.

Products

Capsules: Equipment used for the production of hard-gelatin capsules are automatic filling machine, feeder, sorter, inspection machine and polishing machine. The filled capsules are packed in high speed automatic strip and blister packing machines suitable for various sizes. The company has the ability to produce both powder filled and granule filled capsules.

Creams, Gels & Ointments: The semi-automatic machines perform the entire process of filling, sealing & crimping of the tubes in various tube sizes of Creams, Gels, Ointments, Sterile Ophthalmic Ointments and Sterile intra-mammary infusions.

Ear & Eye Drops: This department houses sophisticated machines such as automatic sealing, capping, labeling, carton forming and wrapping machines.

Injections: The parenteral is produced in a sterile area and fed to the automatic machines for ampule or vial filling, rubber bunging and cap sealing. A similar process is used for dry powder injections.

Tablets: Rapid Mixer Granulator and Fluid Bed Dryer are used to produce the material for compression in various shapes which is carried out at various multi-station, single and double rotary tablet compression machines. There are coating machines for various types of coating of the tablets. A similar process is used for boluses.

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