Alkem Laboratories Ltd

About [ edit ]

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 35,787 Cr.
  • Current Price 2,993
  • High / Low 3,152 / 2,222
  • Stock P/E 23.3
  • Book Value 585
  • Dividend Yield 0.84 %
  • ROCE 18.6 %
  • ROE 19.4 %
  • Face Value 2.00

Pros

  • Company has been maintaining a healthy dividend payout of 25.43%

Cons

  • Promoter holding has decreased over last quarter: -2.27%
  • Tax rate seems low
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
1,492 1,659 1,919 1,926 1,853 1,850 2,264 2,182 2,049 2,003 2,363 2,318
1,389 1,455 1,555 1,613 1,619 1,585 1,811 1,729 1,746 1,470 1,762 1,789
Operating Profit 103 204 364 314 234 264 453 453 303 533 600 529
OPM % 7% 12% 19% 16% 13% 14% 20% 21% 15% 27% 25% 23%
Other Income 29 27 25 8 29 17 31 28 27 44 36 96
Interest 10 16 16 15 7 16 18 17 14 17 18 13
Depreciation 40 42 46 48 57 56 56 59 81 67 70 69
Profit before tax 81 172 326 258 199 210 410 405 235 493 548 543
Tax % 18% 20% 20% 20% 14% 11% 7% 4% 19% 14% 12% 15%
Net Profit 67 136 254 203 167 185 371 382 189 422 472 451
EPS in Rs 5.61 11.39 21.28 16.94 14.00 15.51 31.02 31.95 15.79 35.30 39.48 37.72

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
1,687 2,011 2,485 3,113 3,674 4,905 5,688 6,401 7,357 8,344 8,733
1,400 1,636 2,123 2,700 3,253 4,038 4,687 5,392 6,237 6,871 6,768
Operating Profit 287 375 362 413 422 866 1,001 1,009 1,120 1,473 1,966
OPM % 17% 19% 15% 13% 11% 18% 18% 16% 15% 18% 23%
Other Income 113 145 167 162 181 227 110 115 82 104 203
Interest 41 58 88 93 81 71 45 55 55 65 62
Depreciation 27 29 40 52 71 93 101 143 193 253 287
Profit before tax 331 433 402 430 451 928 965 926 955 1,260 1,819
Tax % 11% 6% 4% -1% 13% 19% 6% 31% 19% 9%
Net Profit 296 407 384 435 392 742 892 631 761 1,127 1,534
EPS in Rs 247.21 340.02 321.01 364.10 32.75 62.02 74.61 52.77 63.61 94.26 128.29
Dividend Payout % 6% 6% 6% 5% 12% 20% 20% 25% 25% 27%
Compounded Sales Growth
10 Years:%
5 Years:18%
3 Years:14%
TTM:7%
Compounded Profit Growth
10 Years:%
5 Years:25%
3 Years:8%
TTM:39%
Stock Price CAGR
10 Years:%
5 Years:20%
3 Years:14%
1 Year:21%
Return on Equity
10 Years:%
5 Years:18%
3 Years:16%
Last Year:19%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
12 12 12 12 24 24 24 24 24 24 24
Reserves 1,416 1,802 2,160 2,567 2,975 3,668 4,444 4,840 5,415 6,137 6,973
Borrowings 909 1,007 1,552 1,128 1,306 658 659 998 944 1,701 1,418
514 644 547 604 986 1,184 1,440 1,803 1,824 2,082 2,126
Total Liabilities 2,852 3,466 4,271 4,311 5,291 5,534 6,568 7,664 8,208 9,943 10,541
693 919 1,072 1,170 1,374 1,450 1,797 2,284 2,530 2,908 2,830
CWIP 0 0 0 0 111 172 299 381 493 363 364
Investments 54 323 478 588 481 509 553 444 324 261 274
2,105 2,224 2,721 2,553 3,325 3,403 3,918 4,555 4,861 6,411 7,073
Total Assets 2,852 3,466 4,271 4,311 5,291 5,534 6,568 7,664 8,208 9,943 10,541

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
148 159 78 290 325 726 471 266 780 585
-823 -246 -403 353 -235 205 -294 -351 -318 -737
779 -11 356 -600 -52 -927 -138 85 -379 79
Net Cash Flow 104 -98 31 44 39 3 40 0 82 -73

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 19% 15% 14% 12% 23% 21% 18% 17% 19%
Debtor Days 37 45 47 43 52 42 46 62 62 72
Inventory Turnover 2.78 2.36 2.46 2.48 2.40 2.18 1.88 2.08 2.09

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
65.92 65.92 65.98 66.02 66.03 66.04 66.04 65.88 62.43 62.43 62.43 60.16
2.79 2.61 2.47 2.44 2.38 2.50 2.71 3.64 3.49 3.92 4.08 4.42
3.91 3.72 5.11 5.11 6.04 11.33 11.74 11.53 12.03 12.89 12.96 13.20
0.09 0.12 0.15 0.24 0.27 0.27 0.27 0.24 0.24 0.00 0.00 0.00
27.28 27.63 26.30 26.20 25.28 19.87 19.24 18.70 21.80 20.76 20.53 22.22

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