Alkem Laboratories Ltd
Alkem Laboratories is engaged in pharmaceutical business with global operations. The Company is engaged in the development, manufacture and sale of pharmaceutical and nutraceutical products.(Source : 202003-01 Annual Report Page No:107)
- Market Cap ₹ 74,026 Cr.
- Current Price ₹ 6,191
- High / Low ₹ 6,440 / 3,510
- Stock P/E 34.5
- Book Value ₹ 862
- Dividend Yield 0.65 %
- ROCE 19.7 %
- ROE 19.6 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 37.4%
Cons
- Stock is trading at 7.18 times its book value
- Promoter holding has decreased over last quarter: -0.36%
- The company has delivered a poor sales growth of 11.5% over past five years.
- Tax rate seems low
* 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
Sector: Pharmaceuticals Industry: Pharmaceuticals - Indian - Bulk Drugs & Formln
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,485 | 3,113 | 3,674 | 4,905 | 5,688 | 6,401 | 7,357 | 8,344 | 8,865 | 10,634 | 11,599 | 12,668 | 12,732 | |
2,123 | 2,700 | 3,248 | 4,038 | 4,687 | 5,392 | 6,237 | 6,868 | 6,920 | 8,580 | 9,977 | 10,419 | 10,267 | |
Operating Profit | 362 | 413 | 427 | 866 | 1,001 | 1,009 | 1,120 | 1,476 | 1,945 | 2,054 | 1,622 | 2,249 | 2,465 |
OPM % | 15% | 13% | 12% | 18% | 18% | 16% | 15% | 18% | 22% | 19% | 14% | 18% | 19% |
167 | 162 | 176 | 227 | 110 | 115 | 82 | 102 | 230 | 146 | 101 | 186 | 244 | |
Interest | 88 | 93 | 81 | 71 | 45 | 55 | 55 | 65 | 59 | 52 | 107 | 112 | 112 |
Depreciation | 40 | 52 | 71 | 93 | 101 | 143 | 193 | 253 | 275 | 304 | 310 | 299 | 307 |
Profit before tax | 402 | 430 | 451 | 928 | 965 | 926 | 955 | 1,260 | 1,842 | 1,844 | 1,305 | 2,023 | 2,290 |
Tax % | 4% | -1% | 13% | 19% | 6% | 31% | 19% | 9% | 12% | 9% | 23% | 10% | |
384 | 435 | 392 | 752 | 905 | 638 | 774 | 1,149 | 1,618 | 1,680 | 1,007 | 1,811 | 2,074 | |
EPS in Rs | 321.01 | 364.10 | 32.75 | 62.02 | 74.61 | 52.77 | 63.61 | 94.26 | 132.57 | 137.63 | 82.31 | 150.19 | 171.81 |
Dividend Payout % | 6% | 5% | 12% | 20% | 20% | 25% | 25% | 27% | 23% | 25% | 61% | 27% |
Compounded Sales Growth | |
---|---|
10 Years: | 15% |
5 Years: | 11% |
3 Years: | 13% |
TTM: | 6% |
Compounded Profit Growth | |
---|---|
10 Years: | 16% |
5 Years: | 20% |
3 Years: | 7% |
TTM: | 83% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 26% |
3 Years: | 16% |
1 Year: | 71% |
Return on Equity | |
---|---|
10 Years: | 18% |
5 Years: | 19% |
3 Years: | 17% |
Last Year: | 20% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 12 | 12 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 |
Reserves | 2,160 | 2,567 | 2,975 | 3,668 | 4,444 | 4,840 | 5,415 | 6,137 | 7,353 | 8,614 | 9,021 | 10,288 |
1,552 | 1,128 | 1,306 | 658 | 659 | 998 | 944 | 1,616 | 1,792 | 2,668 | 1,397 | 1,418 | |
547 | 604 | 986 | 1,184 | 1,440 | 1,803 | 1,824 | 2,169 | 2,351 | 2,763 | 3,315 | 3,844 | |
Total Liabilities | 4,271 | 4,311 | 5,291 | 5,534 | 6,568 | 7,664 | 8,208 | 9,946 | 11,519 | 14,069 | 13,757 | 15,575 |
1,072 | 1,170 | 1,374 | 1,450 | 1,797 | 2,284 | 2,530 | 2,908 | 2,793 | 2,902 | 2,683 | 2,873 | |
CWIP | 0 | 0 | 111 | 172 | 299 | 381 | 493 | 363 | 393 | 339 | 323 | 159 |
Investments | 478 | 588 | 481 | 509 | 553 | 444 | 324 | 261 | 333 | 371 | 622 | 484 |
2,721 | 2,553 | 3,325 | 3,403 | 3,918 | 4,555 | 4,861 | 6,413 | 8,000 | 10,457 | 10,129 | 12,060 | |
Total Assets | 4,271 | 4,311 | 5,291 | 5,534 | 6,568 | 7,664 | 8,208 | 9,946 | 11,519 | 14,069 | 13,757 | 15,575 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
78 | 290 | 325 | 726 | 471 | 266 | 780 | 585 | 1,265 | 1,111 | 1,682 | 1,948 | |
-403 | 353 | -235 | 205 | -294 | -351 | -318 | -737 | -995 | -1,433 | 120 | -1,011 | |
356 | -600 | -52 | -927 | -138 | 85 | -379 | 79 | -272 | 380 | -1,761 | -1,145 | |
Net Cash Flow | 31 | 44 | 39 | 3 | 40 | 0 | 82 | -73 | -2 | 58 | 42 | -207 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 47 | 43 | 52 | 42 | 46 | 62 | 62 | 72 | 66 | 65 | 67 | 65 |
Inventory Days | 191 | 163 | 169 | 169 | 198 | 221 | 186 | 198 | 241 | 262 | 194 | 197 |
Days Payable | 99 | 81 | 101 | 108 | 122 | 147 | 119 | 104 | 112 | 102 | 87 | 129 |
Cash Conversion Cycle | 139 | 126 | 121 | 103 | 122 | 135 | 129 | 167 | 196 | 225 | 174 | 132 |
Working Capital Days | 96 | 74 | 60 | 48 | 65 | 84 | 88 | 109 | 117 | 120 | 107 | 169 |
ROCE % | 15% | 14% | 12% | 23% | 21% | 17% | 16% | 18% | 22% | 18% | 14% | 20% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
1d - Alkem signs licensing agreement for SON-080 drug in India.
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Announcement under Regulation 30 (LODR)-Change in Management
2d - Appointment of Mr. Ashish Kumar Suresh as senior management.
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Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
4 Oct - Voting results of Postal Ballot approved by shareholders.
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Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
4 Oct - Voting results of Postal Ballot approved by members.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
27 Sep - Alkem denies claims of non-standard quality for Pan-D, Clavam 625.
Annual reports
Concalls
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Leading Pharmaceutical company[1] Alkem is the fifth largest player in domestic formulation market with a market share of 3.9% as on March 31, 2022.
It has established its leadership position in acute therapy, with a strong market position in anti-infective, gastrointestinal, pain management, vitamins, minerals, and nutrient segments.