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Alpa Lab Overview

Alpha Laboratories Limited is a leading contract research organization in India. It was established in 1989 by Dr. R. K. Sharma, who is the founder and chairman. The company’s vision is to become a leader in the provision of analytical and environmental consultancy services nationally and attain a respectable status internationally, as a dependable partner in industrial development. It offers services such as environmental impact assessment, environmental audit, waste management, and training. The company has achieved several milestones...Read More

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Alpa Lab Key Financials

Market Cap ₹148 Cr.

Stock P/E 7.6

P/B 0.8

Current Price ₹70.1

Book Value ₹ 88

Face Value 10

52W High ₹118.8

Dividend Yield 0%

52W Low ₹ 46

Alpa Lab Share Price

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Volume
Price

Alpa Lab Quarterly Price

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Alpa Lab Peer Comparison

Alpa Lab Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 32 27 24 21 25 26 40 19 26 29
Other Income 3 4 4 5 7 9 2 12 3 1
Total Income 35 31 28 27 32 35 42 31 29 30
Total Expenditure 29 25 20 21 22 25 40 19 29 28
Operating Profit 6 6 7 6 10 10 3 12 1 2
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 1 1 1 1 1 1 1 1 1
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 6 5 7 5 10 9 2 12 0 2
Provision for Tax 0 1 3 0 2 0 4 0 0 -0
Profit After Tax 6 5 4 5 8 9 -2 12 0 2
Adjustments -0 -0 -0 -0 0 -0 0 0 0 0
Profit After Adjustments 6 5 4 5 8 9 -2 12 0 2
Adjusted Earnings Per Share 2.8 2.1 1.7 2.4 3.7 4.2 -1 5.6 0.1 0.9

Alpa Lab Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 57 54 63 63 78 86 98 112 93 109 112 114
Other Income 3 6 5 5 5 3 4 11 9 15 23 18
Total Income 61 59 69 68 83 89 102 123 102 124 136 132
Total Expenditure 55 47 56 59 77 83 90 102 85 101 108 116
Operating Profit 6 12 12 9 6 6 12 21 17 23 28 18
Interest 2 1 2 1 1 0 0 0 0 0 0 0
Depreciation 6 1 3 3 3 3 1 2 1 2 2 4
Exceptional Income / Expenses -1 0 -2 0 0 0 0 0 0 0 0 0
Profit Before Tax -3 10 6 5 3 3 11 20 16 21 26 16
Provision for Tax -1 3 3 2 2 1 4 5 3 4 6 4
Profit After Tax -1 7 3 3 1 2 7 14 13 17 20 12
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -1 7 3 3 1 2 7 14 13 17 20 12
Adjusted Earnings Per Share -0.7 3.3 1.2 1.3 0.5 0.9 3.4 6.7 6 8 9.3 5.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 3% 0% 5% 7%
Operating Profit CAGR 22% 10% 36% 17%
PAT CAGR 18% 13% 58% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -30% 4% 4% 8%
ROE Average 12% 11% 11% 6%
ROCE Average 16% 14% 14% 9%

Alpa Lab Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 87 93 95 98 98 100 108 122 135 152 171
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 1 0 0 0 2 1 0 0
Other Non-Current Liabilities 0 1 -0 -1 -0 -1 0 3 2 2 4
Total Current Liabilities 41 52 30 23 22 21 33 29 30 28 47
Total Liabilities 128 146 125 121 121 120 140 155 167 182 223
Fixed Assets 5 15 11 10 8 6 7 9 7 11 21
Other Non-Current Assets 11 13 9 13 19 19 12 8 11 10 9
Total Current Assets 113 119 105 98 94 95 121 138 149 161 192
Total Assets 128 146 125 121 121 120 140 155 167 182 223

Alpa Lab Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 10 53 37 37 21 1 6 2 2 10 3
Cash Flow from Operating Activities -2 -22 17 -13 -1 18 -2 10 9 4 18
Cash Flow from Investing Activities 37 -8 -2 -11 -15 -11 6 -16 2 -13 -12
Cash Flow from Financing Activities 7 -6 -15 9 -5 -1 0 5 -4 3 -5
Net Cash Inflow / Outflow 42 -35 0 -15 -20 5 4 -0 7 -7 1
Closing Cash & Cash Equivalent 53 17 37 21 1 6 11 2 9 3 4

Alpa Lab Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -0.66 3.25 1.2 1.33 0.48 0.88 3.44 6.7 5.98 7.97 9.27
CEPS(Rs) 2.22 3.65 2.52 2.79 1.96 2.38 4.03 7.48 6.61 8.9 10.32
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 41.14 44.39 45.02 46.36 46.81 47.7 51.16 57.86 63.96 72.2 81.48
Core EBITDA Margin(%) 4.42 10.88 11.2 6.25 1.47 3.9 7.89 9.5 8.69 7.45 4.23
EBIT Margin(%) -1.63 19.43 11.58 9.09 4.26 3.61 11.14 17.62 17.34 19.35 23.03
Pre Tax Margin(%) -4.39 16.92 8.89 7.38 3.53 3.38 11.06 17.42 17.09 19.02 22.82
PAT Margin (%) -2.26 11.9 3.97 4.47 1.3 2.16 7.43 12.55 13.54 15.43 17.34
Cash Profit Margin (%) 7.55 13.34 8.36 9.35 5.3 5.84 8.69 14.03 14.97 17.23 19.3
ROA(%) -1.1 4.99 1.86 2.29 0.84 1.54 5.56 9.53 7.8 9.6 9.63
ROE(%) -1.6 7.61 2.68 2.92 1.03 1.86 6.97 12.29 9.82 11.71 12.06
ROCE(%) -0.89 9.61 6.59 5.47 3.26 3.09 10.42 16.81 12.19 14.31 15.76
Receivable days 131.56 186.53 182.65 160.24 131.09 115.88 112.28 119.43 166.43 147.5 142.78
Inventory Days 60.59 71.4 80.64 77.71 64.97 56.45 54.46 52.06 55.18 44.15 50.81
Payable days 99.32 181.02 163.6 137.04 98.9 96.23 117.94 103.71 99.58 71.98 79.22
PER(x) 0 11.74 33.72 29.16 55.12 16.01 10.5 10.38 8.99 10.46 11.23
Price/Book(x) 0.27 0.86 0.9 0.84 0.57 0.3 0.71 1.2 0.84 1.16 1.28
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) -0.35 1.27 0.93 1.06 0.72 0.28 0.67 1.34 1.15 1.65 1.93
EV/Core EBITDA(x) -3.28 5.66 4.82 7.57 8.77 3.81 5.44 7.02 6.11 7.79 7.72
Net Sales Growth(%) 1.21 -6.63 18.4 -0.95 24.09 10.23 13.48 15.08 -17.2 16.98 3.41
EBIT Growth(%) 64.32 1207.95 -34.3 -22.27 -41.79 -6.66 250.05 82.07 -18.54 30.58 23.09
PAT Growth(%) 72.89 589.81 -63.18 11.34 -63.96 83.2 291.02 94.45 -10.71 33.33 16.25
EPS Growth(%) 72.89 589.82 -63.18 11.34 -63.96 83.22 291 94.45 -10.71 33.33 16.25
Debt/Equity(x) 0.33 0.26 0.11 0.06 0.02 0 0 0.05 0.02 0.03 0
Current Ratio(x) 2.73 2.27 3.52 4.18 4.22 4.59 3.73 4.79 5.03 5.74 4.12
Quick Ratio(x) 2.55 1.98 3.08 3.6 3.59 3.99 3.22 4.25 4.61 5.25 3.74
Interest Cover(x) -0.59 7.73 4.3 5.33 5.85 15.82 139.47 90.32 72.07 58.58 111.73
Total Debt/Mcap(x) 1.23 0.3 0.13 0.07 0.03 0.01 0 0.04 0.02 0.03 0

Alpa Lab Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 57.29 57.29 57.29 57.29 57.29 57.29 57.29 57.29 57.29 57.19
FII 0.95 0.5 0.36 0.74 0.35 0.4 0.36 0.35 0.36 0.38
DII 0 0 0 0 0 0 0 0 0 0
Public 41.75 42.2 42.35 41.96 42.35 42.31 42.34 42.35 42.35 42.43
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Alpa Lab News

Alpa Lab Pros & Cons

Pros

  • Stock is trading at 0.8 times its book value
  • Company has delivered good profit growth of 58% CAGR over last 5 years
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 11% over the last 3 years.
  • Debtor days have increased from 71.98 to 79.22days.
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