Alivus Life Sciences Ltd
Glenmark Life Sciences, a subsidiary of Nirma Limited, a diversified conglomerate with interest in consumer products, cement, chemicals and pharmaceuticals. It is a leading developer and manufacturer of select, high-value, non-commoditized, active pharmaceutical ingredients (APIs) in chronic therapeutic areas. The company further operates in Contract Development and manufacturing operations to offer services to specialty Pharmaceutical companies.
- Market Cap ₹ 13,762 Cr.
- Current Price ₹ 1,121
- High / Low ₹ 1,225 / 819
- Stock P/E 24.5
- Book Value ₹ 246
- Dividend Yield 0.45 %
- ROCE 24.9 %
- ROE 18.7 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 60.5%
Cons
- The company has delivered a poor sales growth of 9.20% 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.
Peer comparison
Healthcare Healthcare Pharmaceuticals & Biotechnology Pharmaceuticals
Part of BSE Healthcare Nifty Microcap 250 Nifty Total Market BSE 1000
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 886 | 1,537 | 1,885 | 2,123 | 2,161 | 2,283 | 2,387 | 2,512 | |
| 0 | 638 | 1,064 | 1,294 | 1,506 | 1,518 | 1,608 | 1,702 | 1,731 | |
| Operating Profit | -0 | 248 | 473 | 592 | 617 | 643 | 675 | 684 | 781 |
| OPM % | -4% | 28% | 31% | 31% | 29% | 30% | 30% | 29% | 31% |
| 0 | -0 | 11 | 0 | 14 | 28 | 11 | 33 | 22 | |
| Interest | 0 | 1 | 34 | 88 | 28 | 1 | 2 | 2 | 5 |
| Depreciation | 0 | 19 | 29 | 33 | 38 | 42 | 53 | 61 | 71 |
| Profit before tax | -0 | 228 | 421 | 471 | 565 | 629 | 631 | 654 | 727 |
| Tax % | 4,200% | 14% | 26% | 25% | 26% | 26% | 25% | 26% | |
| -0 | 196 | 313 | 352 | 419 | 467 | 471 | 486 | 544 | |
| EPS in Rs | -430.00 | 997.86 | 1,597.37 | 358.74 | 34.17 | 38.11 | 38.43 | 39.63 | 44.34 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 61% | 110% | 59% | 13% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 9% |
| 3 Years: | 4% |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 9% |
| 3 Years: | 5% |
| TTM: | 27% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 29% |
| 1 Year: | 1% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 21% |
| Last Year: | 19% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 2 | 2 | 2 | 25 | 25 | 25 | 25 | 25 |
| Reserves | -1 | 86 | 400 | 751 | 2,030 | 2,114 | 2,308 | 2,793 | 2,991 |
| 0 | 0 | 0 | 0 | 3 | 19 | 17 | 57 | 60 | |
| 1 | 1,387 | 1,324 | 1,244 | 414 | 545 | 501 | 537 | 563 | |
| Total Liabilities | 0 | 1,475 | 1,726 | 1,997 | 2,471 | 2,702 | 2,850 | 3,411 | 3,638 |
| 0 | 456 | 546 | 573 | 595 | 781 | 805 | 955 | 969 | |
| CWIP | 0 | 80 | 11 | 14 | 92 | 62 | 106 | 102 | 173 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 478 | 634 |
| 0 | 939 | 1,169 | 1,410 | 1,784 | 1,860 | 1,939 | 1,877 | 1,863 | |
| Total Assets | 0 | 1,475 | 1,726 | 1,997 | 2,471 | 2,702 | 2,850 | 3,411 | 3,638 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| -0 | 10 | 195 | 388 | 598 | 306 | 414 | 392 | |
| 0 | -9 | -51 | -69 | -122 | -147 | -116 | -616 | |
| 0 | 1 | -137 | -214 | -79 | -388 | -279 | -6 | |
| Net Cash Flow | 0 | 2 | 8 | 106 | 397 | -228 | 18 | -230 |
| Free Cash Flow | -0 | 1 | 144 | 322 | 466 | 143 | 285 | 226 |
| CFO/OP | 4,800% | 14% | 61% | 84% | 119% | 71% | 85% | 81% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 44 | 185 | 152 | 120 | 116 | 136 | 122 | 148 |
| Inventory Days | 162 | 441 | 227 | 214 | 185 | 224 | 251 | 237 |
| Days Payable | 41 | 201 | 111 | 92 | 110 | 158 | 139 | 137 |
| Cash Conversion Cycle | 165 | 424 | 268 | 241 | 190 | 202 | 235 | 248 |
| Working Capital Days | -2,059 | -186 | -37 | 12 | 149 | 176 | 188 | 201 |
| ROCE % | 529% | 186% | 97% | 42% | 30% | 28% | 25% |
Insights
In beta| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| R&D Expenditure as percentage of Sales % |
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| Number of Unique Molecules in API Portfolio Count |
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| Total Installed Reactor Capacity KL |
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| Capacity Utilization % |
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| R&D Expenditure (Percentage of Turnover) % |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Alivus Life Sciences schedules Q4 FY26 and FY26 earnings call on May 15, 2026, 8:30–9:30 a.m. IST.
- Closure of Trading Window 1d
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Board Meeting Intimation for Considering And Approving Audited Financial Results Of The Company For The Quarter And Year Ended 31St March, 2026 And To Consider And Recommend Dividend, If Any, On Equity Shares For The Year Ended March 31, 2026.
2d - Board meets May 14, 2026 to approve FY26 audited results and consider dividend; trading window closes Apr 1-May 16.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
2d - Submitted Annual Secretarial Compliance Report for FY2025-26 under SEBI Regulation 24A.
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
29 Apr - Alivus Life Sciences confirms it is not a Large Corporate under SEBI circular, April 29, 2026.
Annual reports
Concalls
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Jan 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT
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May 2025Transcript PPT
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Jan 2025Transcript PPT REC
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Oct 2024Transcript PPT REC
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Aug 2024Transcript PPT REC
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May 2024Transcript PPT
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Mar 2024TranscriptAI SummaryPPT
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Jan 2024Transcript PPT
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Oct 2023Transcript PPT
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Jul 2023Transcript PPT REC
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022TranscriptAI SummaryPPT
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Nov 2022Transcript PPT
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Oct 2022TranscriptAI SummaryPPT
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Aug 2022TranscriptAI SummaryPPT
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Apr 2022TranscriptAI SummaryPPT
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Feb 2022TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
History
Before 2019 API business was an integral part of Glenmark Pharma (GPL). It was separated from GPL into GLS through a Business Transfer Agreement in Jan 2019, and GLS was subsequently listed on NSE & BSE in FY22. [1]