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Alembic Pharma

₹1002.8 -0.4 | 0%

Market Cap ₹19710 Cr.

Stock P/E 32.0

P/B 4.1

Current Price ₹1002.8

Book Value ₹ 245.1

Face Value 2

52W High ₹1093.1

Dividend Yield 1.1%

52W Low ₹ 536.6

Alembic Pharma Research see more...

Overview Inc. Year: 2010Industry: Pharmaceuticals & Drugs

Alembic Pharmaceuticals Ltd is a pharmaceutical organisation. The Company is engaged developing formulations and active pharmaceutical ingredients (API). The Company specializes in analgesic, cough anti-infective, and cold therapies. It additionally focuses on cures, including gastrointestinal, orthopedic, dermatology, cardiology, diabetes, gynecology, and ophthalmology. Its APIs consist of independent production blocks for Macrolides, non-steroidal anti-inflammatory pills (NSAIDs) and different capsules. The Company gives global and home formulations. Under home components, it offers Branded Formulations and Generic formulations. Its domestic formula include Revas H, Lactonic, Folinal, Gestofit, Roxid, Zofix, Althrocin, Tellzy AH, Glisen 1/2, Glimser 1/2, Veldrop, Azithral, Brinzemic and Neolap. Its usual formulations include Alcephin, Alcizon, Baciclox, Comeba, Furobid, Cetral, Ephedrex CD, Sicor, Worid, O Win Suspension, O win T, Silomag Gel, Pentab, Aginal AT and Pyremol.

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Alembic Pharma Share Price

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Alembic Pharma Quarterly Results

#(Fig in Cr.) Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Net Sales 1272 1416 1262 1475 1509 1406 1486 1595 1631 1517
Other Income 15 10 1 0 0 1 12 10 3 4
Total Income 1287 1426 1263 1475 1509 1407 1498 1605 1633 1521
Total Expenditure 1030 1256 1247 1242 1260 1194 1287 1387 1364 1257
Operating Profit 257 170 16 233 249 213 210 218 269 264
Interest 4 7 9 12 15 14 14 16 15 11
Depreciation 56 123 67 68 67 74 66 68 69 69
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 197 41 -60 153 168 125 130 135 185 183
Provision for Tax 29 7 -2 18 33 -36 9 -2 4 5
Profit After Tax 168 34 -59 135 136 161 121 137 181 179
Adjustments 4 -12 -7 -2 -14 -8 -0 -1 -0 -0
Profit After Adjustments 172 22 -66 133 122 153 121 137 180 178
Adjusted Earnings Per Share 8.7 1.1 -3.4 6.8 6.2 7.8 6.1 6.9 9.2 9.1

Alembic Pharma Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 1520 1863 2056 3166 3135 3131 3935 4606 5393 5306 5653 6229
Other Income 17 4 12 9 3 35 27 14 87 50 3 29
Total Income 1537 1868 2068 3175 3137 3166 3962 4620 5481 5356 5656 6257
Total Expenditure 1272 1506 1661 2161 2520 2516 3079 3392 3913 4432 4945 5295
Operating Profit 265 361 407 1014 617 650 883 1228 1568 925 711 961
Interest 24 10 4 5 5 3 18 27 16 18 50 56
Depreciation 35 40 44 72 83 105 115 157 183 287 275 272
Exceptional Income / Expenses 0 0 0 0 0 0 0 -44 0 0 0 0
Profit Before Tax 206 311 359 936 529 541 749 1000 1368 625 355 633
Provision for Tax 41 75 76 216 122 120 157 199 253 104 13 16
Profit After Tax 165 236 283 720 407 421 593 801 1115 521 342 618
Adjustments 0 0 0 0 -4 -8 -8 28 32 0 0 -1
Profit After Adjustments 165 236 283 720 403 413 584 829 1147 521 342 616
Adjusted Earnings Per Share 8.8 12.5 15 38.2 21.4 21.9 31 44 58.3 26.5 17.4 31.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 7% 7% 13% 14%
Operating Profit CAGR -23% -17% 2% 10%
PAT CAGR -34% -25% -4% 8%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 74% 1% 13% 14%
ROE Average 7% 15% 19% 28%
ROCE Average 7% 15% 18% 29%

Alembic Pharma Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 503 676 885 1597 1902 2220 2719 3219 5067 5238 4370
Minority's Interest 0 0 0 0 0 0 -1 -29 0 0 0
Borrowings 71 52 19 0 0 500 499 887 200 0 0
Other Non-Current Liabilities 33 42 54 84 94 76 71 160 161 162 52
Total Current Liabilities 529 603 908 944 814 1267 1664 1954 1533 1831 1641
Total Liabilities 1135 1372 1865 2626 2811 4064 4952 6192 6961 7230 6064
Fixed Assets 344 397 547 708 799 993 1158 1552 1788 1798 2398
Other Non-Current Assets 71 119 204 209 517 1123 1662 1974 2269 2458 751
Total Current Assets 719 857 1115 1708 1494 1948 2132 2665 2904 2975 2914
Total Assets 1135 1372 1865 2626 2811 4064 4952 6192 6961 7230 6064

Alembic Pharma Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 47 16 24 23 439 153 84 199 72 98 61
Cash Flow from Operating Activities 265 240 172 948 329 312 812 449 1463 552 724
Cash Flow from Investing Activities -67 -81 -256 -307 -486 -884 -756 -732 -839 -372 -448
Cash Flow from Financing Activities -229 -151 87 -224 -129 503 59 155 -597 -217 -262
Net Cash Inflow / Outflow -31 8 3 417 -286 -69 115 -128 27 -37 14
Closing Cash & Cash Equivalent 16 24 27 439 153 84 199 72 98 61 75

Alembic Pharma Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 8.77 12.49 15.01 38.2 21.39 21.89 31 43.97 58.33 26.5 17.4
CEPS(Rs) 10.62 14.64 17.35 42.03 25.99 27.92 37.55 50.82 66.05 41.09 31.41
DPS(Rs) 2.5 3 3.5 4 4 4 5.5 10 14 10 8
Book NAV/Share(Rs) 26.68 35.84 46.93 84.74 100.92 117.78 144.24 170.79 257.8 266.47 222.36
Core EBITDA Margin(%) 16.26 19.08 19.08 31.75 19.61 19.65 21.75 26.36 27.44 16.48 12.53
EBIT Margin(%) 15.06 17.16 17.52 29.74 17.05 17.4 19.51 22.3 25.66 12.12 7.16
Pre Tax Margin(%) 13.5 16.6 17.34 29.57 16.88 17.29 19.04 21.71 25.37 11.79 6.27
PAT Margin (%) 10.81 12.59 13.65 22.74 12.98 13.44 15.06 17.38 20.67 9.82 6.05
Cash Profit Margin (%) 13.09 14.75 15.79 25.02 15.63 16.81 17.99 20.8 24.07 15.22 10.92
ROA(%) 14.79 18.79 17.47 32.07 14.97 12.25 13.15 14.37 16.95 7.34 5.15
ROE(%) 36.81 39.97 36.24 58.02 23.25 20.42 24 26.97 26.91 10.11 7.12
ROCE(%) 32.05 43.54 37.54 65.86 28.87 22.15 22.66 23.3 26.28 11.25 7.44
Receivable days 51.58 49.38 55.91 41.02 40.13 50.43 47.09 53.64 41.06 39.75 59.84
Inventory Days 62.73 56.34 61.11 54.91 70.01 79.67 78.91 85.38 90.48 106.49 99.6
Payable days 134.46 153.8 174.95 197.26 219.27 259.49 258.05 223.04 187.92 173.51 148.05
PER(x) 11.88 22.72 30.2 15.72 29.16 25.12 17.11 12.14 16.55 27.97 28.5
Price/Book(x) 3.9 7.92 9.66 7.09 6.18 4.67 3.68 3.12 3.74 2.78 2.23
Dividend Yield(%) 2.4 1.06 0.77 0.67 0.64 0.73 1.04 1.87 1.45 1.35 1.61
EV/Net Sales(x) 1.4 2.92 4.27 3.47 3.73 3.51 2.78 2.55 3.59 2.85 1.82
EV/Core EBITDA(x) 8.04 15.04 21.56 10.83 18.93 16.89 12.37 9.55 12.35 16.37 14.49
Net Sales Growth(%) 3.75 22.55 10.35 53.98 -0.99 -0.12 25.68 17.06 17.1 -1.62 6.54
EBIT Growth(%) 16.02 39.37 13.04 159.47 -43.25 1.94 40.95 33.77 34.77 -53.53 -37.06
PAT Growth(%) 26.99 42.51 20.05 154.68 -43.49 3.44 40.78 35.11 39.23 -53.27 -34.35
EPS Growth(%) 26.99 42.51 20.13 154.52 -44.01 2.35 41.62 41.83 32.66 -54.56 -34.35
Debt/Equity(x) 0.37 0.16 0.3 0.07 0.05 0.32 0.42 0.54 0.1 0.12 0.15
Current Ratio(x) 1.36 1.42 1.23 1.81 1.84 1.54 1.28 1.36 1.89 1.63 1.78
Quick Ratio(x) 0.86 0.91 0.81 1.24 1.06 0.96 0.7 0.76 0.93 0.75 0.88
Interest Cover(x) 9.6 30.87 95.3 173.4 102.16 160.2 41.7 37.81 86.4 36.27 8.07
Total Debt/Mcap(x) 0.1 0.02 0.03 0.01 0.01 0.07 0.11 0.17 0.03 0.04 0.07

Alembic Pharma Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 69.48 69.61 69.61 69.61 69.61 69.61 69.61 69.61 69.61 69.61
FII 5.89 6.02 5.94 5.32 4.99 4.55 4.34 4.5 4.52 4.46
DII 11.6 11.74 12.15 12.54 12.76 13.31 13.64 14.22 14.5 15.39
Public 13.03 12.63 12.3 12.53 12.65 12.53 12.4 11.67 11.37 10.54
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Debtor days have improved from 173.51 to 148.05days.
  • Company is almost debt free.

Cons

  • Stock is trading at 4.1 times its book value.
  • The company has delivered a poor profit growth of -4% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Alembic Pharma News

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