Alembic Pharmaceuticals
Alembic Pharmaceuticals
HealthcareKey Fundamentals
SmallcapPharmaceuticalsHealthcareTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company has been maintaining a healthy dividend payout of 35.7%
Weaknesses
5- Stock is trading at 2.81 times its book value
- The company has delivered a poor sales growth of 6.37% over past five years.
- Tax rate seems low
- Company has a low return on equity of 12.7% over last 3 years.
- Company might be capitalizing the interest cost
Growth Rate
AI Analysis — Bull vs Bear
Alembic Pharmaceuticals trades at a market cap of ₹15,755 Cr with a P/E of 23.3x and a dividend yield of 1.47%. TTM sales growth has accelerated to 14% and TTM profit growth stands at 26%, though the 5-year compounded profit CAGR remains negative at -9% and the stock has returned just 1% CAGR over 5 years, reflecting a mixed operating trajectory.
- TTM revenue growth has accelerated to 14%, well above the 5-year compounded sales CAGR of 6%, signaling improving top-line momentum
- TTM profit growth of 26% indicates a sharp earnings recovery and improving operating leverage
- 3-year compounded profit CAGR of 28% shows a sustained earnings rebound from the trough seen in prior years
- Consistent dividend payout ratio of 35.7% with a current yield of 1.47%, providing tangible shareholder returns
- 10-year compounded sales CAGR of 9% demonstrates a reasonable long-term revenue track record for a mid-cap pharma company
- 10-year ROE of 16% suggests the business has historically been capable of generating above-average returns on equity
- P/E of 23.3x is not excessive for a pharma company showing 26% TTM profit growth, implying the PEG ratio is below 1x on trailing numbers
- 5-year compounded profit CAGR is -9%, indicating that despite the recent recovery, earnings over a medium-term horizon have actually contracted
- 5-year compounded sales growth of only 6.37% is weak for a mid-cap pharma company operating in a high-growth domestic market
- Stock has delivered only 1% CAGR over 5 years and -14% over the last 1 year, significantly underperforming broader indices
- 3-year ROE of 12.7% is below the 15% threshold typically expected for quality compounders, and has declined from the 10-year average of 16%
- P/B of 2.83x is elevated relative to the current ROE of around 13%, suggesting the stock is not priced cheaply on an asset basis
- 10-year compounded profit CAGR of 0% means the company has generated no net earnings growth over a full decade
- Potential capitalization of interest costs may be flattering reported profitability, masking true operating expenses
- Apparently low tax rate raises questions about earnings quality and sustainability of reported net profit margins
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Investor meetings scheduled Sep 1-2 Aug 27
Alembic Pharma scheduled one-to-one meetings with Dolat Capital, HSBC, and BOB Capital Markets on September 1-2, 2026. No unpublished price-sensitive information will be shared.
- New Company Secretary appointed Aug 20
Chirag Shukla appointed as Company Secretary and Compliance Officer effective August 20, 2026, bringing over 19 years of corporate secretarial and legal experience.
TL;DR: Recent news flow for Alembic Pharmaceuticals is limited and entirely routine, covering a standard investor meeting schedule and a compliance officer appointment. There are no material headwinds or positive catalysts in the current batch. The lack of negative news is reassuring, but investors should watch for updates from the Sep 1-2 analyst meetings for any forward-looking guidance.
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,486 | 1,595 | 1,631 | 1,517 | 1,562 | 1,648 | 1,693 | 1,770 | 1,711 | 1,910 | 1,876 | 1,848 | 2,150 |
| Expenses | 1,287 | 1,387 | 1,364 | 1,257 | 1,325 | 1,409 | 1,433 | 1,498 | 1,430 | 1,594 | 1,585 | 1,620 | 1,818 |
| Operating Profit | 199 | 208 | 266 | 260 | 237 | 239 | 260 | 271 | 281 | 316 | 292 | 228 | 332 |
| OPM % | 13% | 13% | 16% | 17% | 15% | 15% | 15% | 15% | 16% | 17% | 16% | 12% | 15% |
| Other Income | 12 | 10 | 3 | 4 | 2 | 30 | 10 | 14 | 6 | 8 | -27 | 2 | 15 |
| Interest | 14 | 16 | 15 | 11 | 13 | 19 | 22 | 25 | 24 | 24 | 23 | 23 | 28 |
| Depreciation | 66 | 68 | 69 | 69 | 69 | 71 | 70 | 69 | 74 | 76 | 80 | 89 | 98 |
| PBT | 130 | 135 | 185 | 183 | 157 | 180 | 178 | 192 | 190 | 224 | 162 | 119 | 222 |
| Tax % | 7% | -1% | 2% | 3% | 14% | 15% | 23% | 18% | 19% | 18% | 18% | -70% | 22% |
| Net Profit | 121 | 137 | 180 | 178 | 135 | 153 | 138 | 157 | 154 | 184 | 132 | 202 | 172 |
| EPS in Rs | 6.14 | 6.95 | 9.18 | 9.07 | 6.85 | 7.8 | 7.04 | 7.98 | 7.85 | 9.4 | 6.76 | 10.31 | 8.8 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,056 | 3,166 | 3,105 | 3,131 | 3,935 | 4,606 | 5,393 | 5,306 | 5,653 | 6,229 | 6,672 | 7,345 | 7,784 |
| Expenses | 1,653 | 2,159 | 2,490 | 2,488 | 3,061 | 3,383 | 3,913 | 4,432 | 4,970 | 5,296 | 5,664 | 6,224 | 6,617 |
| Operating Profit | 403 | 1,007 | 615 | 643 | 874 | 1,223 | 1,480 | 874 | 682 | 932 | 1,008 | 1,121 | 1,167 |
| OPM % | 20% | 32% | 20% | 21% | 22% | 27% | 27% | 16% | 12% | 15% | 15% | 15% | 15% |
| Other Income | 4 | 7 | 2 | 7 | 9 | -39 | 87 | 56 | -2 | 28 | 56 | -14 | -1 |
| Interest | 4 | 5 | 5 | 3 | 18 | 27 | 16 | 18 | 50 | 56 | 79 | 94 | 98 |
| Depreciation | 44 | 72 | 83 | 105 | 115 | 157 | 183 | 287 | 275 | 273 | 279 | 319 | 342 |
| PBT | 359 | 936 | 529 | 541 | 749 | 1,000 | 1,368 | 625 | 355 | 632 | 707 | 694 | 726 |
| Tax % | 21% | 23% | 23% | 22% | 21% | 20% | 19% | 17% | 4% | 3% | 18% | 3% | — |
| Net Profit | 283 | 720 | 403 | 413 | 583 | 801 | 1,146 | 521 | 342 | 616 | 582 | 671 | 690 |
| EPS in Rs | 15.01 | 38.2 | 21.39 | 21.89 | 31 | 43.97 | 58.33 | 26.5 | 17.4 | 31.33 | 29.68 | 34.33 | 35.27 |
| Div. Payout % | 23% | 9% | 19% | 18% | 18% | 23% | 24% | 38% | 46% | 35% | 37% | 35% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 38 | 38 | 38 | 38 | 38 | 38 | 39 | 39 | 39 | 39 | 39 | 39 |
| Reserves | 847 | 1,560 | 1,865 | 2,182 | 2,681 | 3,182 | 5,028 | 5,198 | 4,331 | 4,779 | 5,152 | 5,636 |
| Borrowings | 264 | 114 | 89 | 708 | 1,128 | 1,747 | 584 | 717 | 722 | 513 | 1,258 | 1,430 |
| Other Liabilities | 493 | 718 | 698 | 1,013 | 931 | 1,022 | 1,058 | 1,167 | 1,090 | 1,114 | 1,325 | 1,658 |
| Total Liabilities | 1,641 | 2,429 | 2,689 | 3,941 | 4,778 | 5,989 | 6,709 | 7,122 | 6,183 | 6,446 | 7,773 | 8,763 |
| Fixed Assets | 547 | 708 | 799 | 993 | 1,158 | 1,552 | 1,788 | 1,798 | 2,398 | 2,547 | 2,524 | 3,081 |
| CWIP | 83 | 93 | 396 | 1,010 | 1,551 | 1,846 | 2,183 | 2,304 | 601 | 524 | 837 | 683 |
| Investments | 2 | 87 | 50 | 42 | 49 | 18 | 236 | 118 | 96 | 93 | 127 | 141 |
| Other Assets | 1,009 | 1,541 | 1,444 | 1,896 | 2,019 | 2,573 | 2,502 | 2,902 | 3,087 | 3,281 | 4,285 | 4,858 |
| Total Assets | 1,641 | 2,429 | 2,689 | 3,941 | 4,778 | 5,989 | 6,709 | 7,122 | 6,183 | 6,446 | 7,773 | 8,763 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 172 | 948 | 329 | 312 | 812 | 449 | 1,463 | 552 | 724 | 803 | 88 | 783 |
| Investing | -256 | -307 | -486 | -884 | -756 | -731 | -840 | -372 | -448 | -321 | -568 | -506 |
| Financing | 87 | -224 | -129 | 503 | 59 | 155 | -597 | -217 | -262 | -438 | 444 | -164 |
| Net Cash Flow | 3 | 417 | -286 | -69 | 115 | -127 | 26 | -37 | 14 | 45 | -37 | 113 |
| Free Cash Flow | -52 | 647 | 348 | -495 | 49 | -285 | 804 | 128 | 282 | 487 | -466 | 290 |
| CFO/OP | 60 | 114 | 73 | 70 | 112 | 56 | 115 | 77 | 115 | 88 | 16 | 79 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 64 | 40 | 40 | 61 | 45 | 69 | 24 | 56 | 68 | 60 | 77 | 73 |
| Inventory Days | 196 | 266 | 269 | 302 | 356 | 417 | 431 | 406 | 315 | 350 | 466 | 462 |
| Days Payable | 166 | 264 | 213 | 313 | 237 | 220 | 194 | 178 | 145 | 157 | 179 | 154 |
| Cash Conversion Cycle | 94 | 42 | 96 | 51 | 164 | 266 | 261 | 283 | 237 | 253 | 363 | 381 |
| Working Capital Days | 32 | 36 | 61 | 69 | 24 | 50 | 73 | 74 | 77 | 88 | 87 | 87 |
| ROCE % | 38% | 66% | 29% | 22% | 23% | 24% | 26% | 11% | 7% | 13% | 13% | 13% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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68 extracted metrics + investor summaries across FY11–FY27.
Documents
Frequently Asked Questions about Alembic Pharmaceuticals
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Company Information
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.
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