Alembic Pharmaceuticals Ltd

Alembic Pharma Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Alembic Pharmaceuticals Ltd

₹ 767 2.11%
05 Dec 10:12 a.m.
alembic-india.com BSE: 533573 NSE : APLLTD
About

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

Leading Pharma company[1] Alembic is among the top 25 players in domestic formulations market. The company has a portfolio of about 200 formulation brands, of which three are among the top 300 domestic formulation brands in India. It has a share of 1.5% in the domestic market.

Website BSE NSE
  • Market Cap ₹ 15,076 Cr.
  • Current Price ₹ 767
  • High / Low ₹ 839 / 462
  • Stock P/E 28.3
  • Book Value ₹ 227
  • Dividend Yield 1.04 %
  • ROCE 7.40 %
  • ROE 7.20 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 35.9%

Cons

  • Stock is trading at 3.30 times its book value
  • Tax rate seems low
  • Debtor days have increased from 48.9 to 67.6 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

Sector: Pharmaceuticals Industry: Pharmaceuticals - Indian - Bulk Drugs & Formln

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
1,457 1,314 1,280 1,326 1,292 1,272 1,416 1,262 1,475 1,509 1,406 1,486 1,595
1,014 949 960 1,090 1,054 1,030 1,268 1,255 1,244 1,274 1,203 1,287 1,387
Operating Profit 443 365 320 236 239 242 148 7 231 235 204 199 208
OPM % 30% 28% 25% 18% 18% 19% 10% 1% 16% 16% 14% 13% 13%
3 3 25 2 21 19 10 1 0 0 1 12 10
Interest 4 2 3 2 5 4 7 9 12 15 14 14 16
Depreciation 44 47 51 53 55 56 123 67 68 67 74 66 68
Profit before tax 398 318 292 183 200 201 29 -67 151 154 116 130 135
Tax % 18% 19% 19% 19% 20% 14% 24% 2% 12% 21% -31% 7% -1%
325 286 242 158 164 172 22 -66 133 122 153 121 137
EPS in Rs 16.96 14.88 12.75 8.37 8.34 8.74 1.12 -3.35 6.78 6.20 7.76 6.14 6.95
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,465 1,520 1,863 2,056 3,166 3,105 3,131 3,935 4,606 5,393 5,306 5,653 5,997
1,246 1,268 1,506 1,653 2,159 2,490 2,488 3,061 3,383 3,913 4,432 4,970 5,151
Operating Profit 219 252 358 403 1,007 615 643 874 1,223 1,480 874 682 845
OPM % 15% 17% 19% 20% 32% 20% 21% 22% 27% 27% 16% 12% 14%
13 4 4 4 7 2 7 9 -39 87 56 -2 23
Interest 38 15 10 4 5 5 3 18 27 16 18 50 59
Depreciation 34 35 40 44 72 83 105 115 157 183 287 275 274
Profit before tax 161 206 311 359 936 529 541 749 1,000 1,368 625 355 535
Tax % 19% 20% 24% 21% 23% 23% 22% 21% 20% 19% 17% 4%
130 165 236 283 720 403 413 583 801 1,146 521 342 532
EPS in Rs 6.90 8.77 12.49 15.01 38.20 21.39 21.89 31.00 43.97 58.33 26.50 17.40 27.05
Dividend Payout % 20% 29% 24% 23% 9% 19% 18% 18% 23% 24% 38% 46%
Compounded Sales Growth
10 Years: 14%
5 Years: 13%
3 Years: 7%
TTM: 11%
Compounded Profit Growth
10 Years: 8%
5 Years: -3%
3 Years: -25%
TTM: 104%
Stock Price CAGR
10 Years: 14%
5 Years: 4%
3 Years: -9%
1 Year: 26%
Return on Equity
10 Years: 21%
5 Years: 18%
3 Years: 14%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 38 38 38 38 38 38 38 38 38 39 39 39 39
Reserves 357 465 638 847 1,560 1,865 2,182 2,681 3,182 5,028 5,198 4,331 4,431
353 187 109 264 114 89 708 1,128 1,747 584 717 722 869
304 358 432 493 718 698 1,013 931 1,022 1,058 1,167 1,090 1,116
Total Liabilities 1,052 1,048 1,217 1,641 2,429 2,689 3,941 4,778 5,989 6,709 7,122 6,183 6,455
268 344 397 547 708 799 993 1,158 1,552 1,788 1,798 2,398 2,603
CWIP 58 32 21 83 93 396 1,010 1,551 1,846 2,183 2,304 601 478
Investments 3 3 3 2 87 50 42 49 18 236 118 96 98
723 668 796 1,009 1,541 1,444 1,896 2,019 2,573 2,502 2,902 3,087 3,277
Total Assets 1,052 1,048 1,217 1,641 2,429 2,689 3,941 4,778 5,989 6,709 7,122 6,183 6,455

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
142 265 240 172 948 329 312 812 449 1,463 552 724
-56 -67 -81 -256 -307 -486 -884 -756 -731 -840 -372 -448
-45 -229 -151 87 -224 -129 503 59 155 -597 -217 -262
Net Cash Flow 41 -31 8 3 417 -286 -69 115 -127 26 -37 14

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 50 56 54 64 40 40 61 45 69 24 56 68
Inventory Days 133 143 159 196 266 269 302 356 417 431 406 315
Days Payable 108 129 148 166 264 213 313 237 220 194 178 145
Cash Conversion Cycle 75 70 65 94 42 96 51 164 266 261 283 237
Working Capital Days 61 59 50 71 49 72 93 64 118 94 118 119
ROCE % 30% 31% 44% 38% 66% 29% 22% 23% 24% 26% 11% 7%

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
69.78% 69.48% 69.48% 69.48% 69.48% 69.61% 69.61% 69.61% 69.61% 69.61% 69.61% 69.61%
6.96% 6.56% 6.41% 5.52% 5.89% 6.02% 5.94% 5.32% 4.99% 4.55% 4.34% 4.51%
10.14% 10.97% 11.25% 11.42% 11.61% 11.74% 12.15% 12.55% 12.76% 13.32% 13.65% 14.22%
13.12% 12.99% 12.86% 13.58% 13.03% 12.63% 12.30% 12.52% 12.64% 12.53% 12.39% 11.67%
No. of Shareholders 91,11799,8091,01,6861,23,0591,10,0381,06,4371,01,4571,03,8111,01,86499,52297,60789,552

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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