Alembic Pharmaceuticals Ltd

About [ edit ]

Alembic Pharmaceuticals is in the business of development, manufacturing, and marketing of Pharmaceuticals products i.e. Formulations and Active Pharmaceutical Ingredients.
The company has 3 R&D and 5 manufacturing facilities.

Key Points [ edit ]
  • Market Cap 19,753 Cr.
  • Current Price 1,005
  • High / Low 1,150 / 614
  • Stock P/E 15.6
  • Book Value 241
  • Dividend Yield 0.70 %
  • ROCE 27.3 %
  • ROE 32.2 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 27.78% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.67%
  • Company has been maintaining a healthy dividend payout of 18.09%

Cons

  • Promoter holding has decreased over last 3 years: -3.45%
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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
838 811 1,095 905 849 897 1,135 1,052 1,049 1,258 1,400 1,236
631 640 746 700 696 672 774 731 752 835 944 864
Operating Profit 207 172 349 205 153 225 361 321 296 423 456 372
OPM % 25% 21% 32% 23% 18% 25% 32% 31% 28% 34% 33% 30%
Other Income 0 0 2 3 1 3 0 0 121 0 3 3
Interest 1 1 5 5 4 5 7 7 7 6 2 2
Depreciation 28 25 26 27 27 32 33 34 36 36 37 38
Profit before tax 179 145 320 177 122 191 322 280 374 382 420 334
Tax % 19% 22% 22% 22% 12% 19% 17% 17% 16% 16% 17% 17%
Net Profit 144 114 251 139 108 155 269 231 314 319 348 277
EPS in Rs 7.65 6.05 13.32 7.35 5.71 8.23 14.25 12.26 16.67 16.90 17.72 14.11

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
1,165 1,374 1,493 1,844 2,019 3,009 2,986 2,945 3,660 4,133 4,943
1,009 1,166 1,249 1,485 1,611 2,026 2,353 2,313 2,782 2,931 3,395
Operating Profit 156 209 244 359 408 983 633 633 879 1,201 1,548
OPM % 13% 15% 16% 19% 20% 33% 21% 21% 24% 29% 31%
Other Income 4 13 13 4 3 7 3 7 6 126 127
Interest 28 38 24 10 3 4 3 2 15 25 18
Depreciation 30 34 35 40 44 72 83 102 106 136 147
Profit before tax 102 150 198 312 363 914 550 535 765 1,167 1,510
Tax % 20% 20% 21% 24% 21% 24% 22% 21% 20% 17%
Net Profit 82 121 157 238 287 699 431 422 611 969 1,259
EPS in Rs 6.39 8.35 12.64 15.20 37.06 22.84 22.38 32.42 51.42 65.40
Dividend Payout % 7% 22% 30% 24% 23% 11% 18% 18% 17% 19%
Compounded Sales Growth
10 Years:%
5 Years:15%
3 Years:11%
TTM:26%
Compounded Profit Growth
10 Years:%
5 Years:28%
3 Years:31%
TTM:66%
Stock Price CAGR
10 Years:%
5 Years:10%
3 Years:26%
1 Year:58%
Return on Equity
10 Years:%
5 Years:30%
3 Years:27%
Last Year:32%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
38 38 38 38 38 38 38 38 38 38 39
Reserves 239 323 422 592 796 1,493 1,830 2,157 2,675 3,308 4,701
Borrowings 328 353 187 109 194 0 8 622 1,059 1,687 600
238 277 352 423 484 651 634 862 777 846 1,096
Total Liabilities 816 991 999 1,162 1,511 2,182 2,509 3,678 4,549 5,879 6,437
272 268 344 397 489 697 799 918 1,085 1,276 1,260
CWIP 26 58 32 21 83 92 348 741 1,107 1,570 1,825
Investments 3 3 3 33 33 37 103 299 506 833 898
514 661 619 711 906 1,355 1,259 1,720 1,850 2,199 2,454
Total Assets 816 991 999 1,162 1,511 2,182 2,509 3,678 4,549 5,879 6,437

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
105 125 274 263 180 848 327 305 809 540
-57 -56 -67 -111 -199 -292 -511 -794 -754 -822
-47 -45 -229 -151 18 -276 -96 498 80 166
Net Cash Flow 1 24 -21 1 -1 280 -280 9 135 -116

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 28% 33% 47% 41% 72% 32% 23% 24% 27%
Debtor Days 63 50 57 52 61 45 57 77 54 69
Inventory Turnover 2.77 2.60 2.58 2.19 1.90 1.72 1.55 1.39 1.16

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
72.96 72.96 72.96 72.97 72.97 72.97 72.97 72.97 72.97 69.77 69.78 69.48
8.73 9.32 9.37 9.50 9.56 9.55 9.23 8.29 7.30 7.03 6.96 6.56
5.57 5.56 5.68 5.48 5.41 6.42 6.73 6.86 7.10 9.43 10.14 10.97
12.74 12.16 11.99 12.05 12.06 11.06 11.07 11.88 12.63 13.76 13.12 12.99

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