Alembic Ltd
Alembic Limited is engaged in the businesses of Pharmaceuticals, Real Estate, and Power Assets. The company was started in 1907 as the flagship company of the Alembic Group. In 2010, the company demerged its core pharmaceutical business (formulations) into a wholly-owned subsidiary, Alembic Pharma Ltd and after the demerger, APL became the flagship company of the Alembic Group.
With its registered office in Vadodra, Alembic Ltd currently holds a 28.41% stake in Alembic Pharma Ltd and a 19.01% stake in another group entity Paushak Limited.[1]
- Market Cap ₹ 2,306 Cr.
- Current Price ₹ 90.0
- High / Low ₹ 122 / 70.5
- Stock P/E 7.27
- Book Value ₹ 95.2
- Dividend Yield 2.67 %
- ROCE 6.28 %
- ROE 13.3 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.94 times its book value
- Market value of investments Rs.5,490 Cr. is more than the Market Cap Rs.2,306 Cr.
- Company has been maintaining a healthy dividend payout of 20.7%
Cons
- Company has a low return on equity of 13.2% over last 3 years.
- Earnings include an other income of Rs.73.0 Cr.
- Working capital days have increased from 91.8 days to 141 days
* 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.
Peer comparison
Consumer Discretionary Realty Realty Residential, Commercial Projects
Part of BSE Consumer Discretionary BSE 1000
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 144 | 134 | 147 | 125 | 124 | 74 | 74 | 78 | 127 | 157 | 222 | 240 | |
| 134 | 128 | 140 | 114 | 106 | 71 | 62 | 64 | 87 | 101 | 128 | 150 | |
| Operating Profit | 10 | 6 | 7 | 11 | 18 | 3 | 11 | 14 | 40 | 57 | 94 | 90 |
| OPM % | 7% | 5% | 5% | 9% | 15% | 4% | 15% | 18% | 32% | 36% | 42% | 38% |
| 21 | 25 | 25 | 37 | 29 | 93 | 10 | 89 | 54 | 55 | 75 | 73 | |
| Interest | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 2 |
| Depreciation | 6 | 6 | 5 | 4 | 3 | 3 | 4 | 5 | 7 | 8 | 11 | 12 |
| Profit before tax | 23 | 25 | 27 | 44 | 45 | 93 | 17 | 98 | 87 | 103 | 156 | 149 |
| Tax % | -3% | 2% | -3% | 5% | 8% | 0% | 19% | 12% | 7% | 10% | 7% | 15% |
| 107 | 235 | 145 | 163 | 213 | 329 | 343 | 222 | 191 | 269 | 311 | 317 | |
| EPS in Rs | 3.99 | 8.78 | 5.45 | 6.10 | 8.30 | 12.82 | 13.35 | 8.65 | 7.42 | 10.46 | 12.10 | 12.36 |
| Dividend Payout % | 4% | 2% | 4% | 3% | 2% | 5% | 2% | 21% | 30% | 23% | 20% | 19% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 27% |
| 3 Years: | 24% |
| TTM: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | -1% |
| 3 Years: | 17% |
| TTM: | 3% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | -7% |
| 3 Years: | 6% |
| 1 Year: | -24% |
| Return on Equity | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 11% |
| 3 Years: | 13% |
| Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 53 | 53 | 53 | 53 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 |
| Reserves | 474 | 750 | 858 | 1,032 | 1,157 | 1,367 | 2,246 | 2,445 | 2,027 | 2,134 | 2,287 | 2,394 |
| 0 | 9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9 | 14 | 11 | |
| 91 | 64 | 81 | 73 | 57 | 53 | 112 | 135 | 127 | 134 | 150 | 134 | |
| Total Liabilities | 619 | 875 | 992 | 1,159 | 1,266 | 1,471 | 2,409 | 2,632 | 2,205 | 2,329 | 2,503 | 2,590 |
| 169 | 146 | 171 | 179 | 209 | 225 | 265 | 297 | 321 | 369 | 409 | 472 | |
| CWIP | 2 | 0 | 0 | 0 | 0 | 3 | 6 | 0 | 0 | 1 | 0 | 2 |
| Investments | 299 | 605 | 732 | 913 | 1,001 | 1,133 | 2,047 | 2,208 | 1,754 | 1,786 | 1,900 | 1,974 |
| 149 | 124 | 89 | 67 | 55 | 110 | 91 | 127 | 130 | 173 | 194 | 142 | |
| Total Assets | 619 | 875 | 992 | 1,159 | 1,266 | 1,471 | 2,409 | 2,632 | 2,205 | 2,329 | 2,503 | 2,590 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 22 | 10 | 52 | 24 | 22 | 7 | -2 | -18 | 39 | 23 | 86 | 120 | |
| 5 | -5 | -47 | -22 | 68 | 57 | -35 | 19 | 7 | 26 | -27 | -54 | |
| -25 | -5 | -5 | -3 | -89 | -6 | -15 | -6 | -46 | -48 | -58 | -68 | |
| Net Cash Flow | 2 | -0 | -0 | -1 | 1 | 57 | -52 | -5 | -0 | 0 | 1 | -1 |
| Free Cash Flow | 22 | 11 | 38 | 14 | -1 | -15 | -49 | -51 | 14 | -33 | 36 | 43 |
| CFO/OP | 222% | 172% | 771% | 245% | 145% | 246% | 0% | -63% | 112% | 39% | 109% | 154% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 122 | 76 | 54 | 74 | 40 | 44 | 69 | 71 | 67 | 46 | 49 | 49 |
| Inventory Days | 880 | 659 | 438 | 247 | 289 | 411 | 2,112 | 2,885 | 3,694 | 249 | ||
| Days Payable | 200 | 144 | 128 | 125 | 202 | 151 | 693 | 640 | 1,237 | 114 | ||
| Cash Conversion Cycle | 801 | 591 | 364 | 195 | 126 | 305 | 1,488 | 2,316 | 67 | 2,502 | 49 | 184 |
| Working Capital Days | 235 | 172 | 39 | 20 | 13 | 22 | 97 | 223 | 118 | 77 | 57 | 141 |
| ROCE % | 4% | 4% | 4% | 4% | 7% | 1% | 4% | 4% | 5% | 7% | 6% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2020 | Mar 2021 | Sep 2022 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Stake in Alembic Pharmaceuticals Limited % ・Standalone data |
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| Co-generation power installed capacity MW ・Standalone data |
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| Wind power installed capacity MW ・Standalone data |
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| Permanent workforce count ・Standalone data |
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| Real estate project bookings % ・Standalone data |
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| R&D Expenditure (Percentage of Turnover) % ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
25m - Regulation 74(5) certificate for quarter ended 30 June 2026 received from MUFG Intime.
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Business Responsibility and Sustainability Reporting (BRSR)
3h - Alembic Ltd submitted FY2025-26 Business Responsibility and Sustainability Report on 10 July 2026.
- Intimation Of Record Date For Payment Of Dividend On Equity Shares For The Financial Year Ended 31St March, 2026 3h
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Reg. 34 (1) Annual Report.
4h - Alembic Ltd submitted 119th Annual Report; AGM on 11 Aug 2026, record date 4 Aug 2026.
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Notice Of 119Th Annual General Meeting Of The Company To Be Held On 11Th August, 2026
4h - Alembic Limited schedules 119th AGM on 11 August 2026; proposes dividend, director reappointment, and commission approval.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
from bse
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from nse
Business Segments
A) Real Estate (~80% in FY24 vs 59% in FY22): [1] [2] The company is involved in the construction of residential & commercial real estate projects. It also leases commercial properties. [3] Real Estate business experienced strong growth between FY23-FY24 bolstered by strong demand and higher property prices. [4]