BSE: 533573 | NSE: APLLTD | Pharmaceuticals & Drugs | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Alembic Pharmaceuticals Ltd is a good quality company.
The key valuation ratios of Alembic Pharmaceuticals Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Alembic Pharmaceuticals Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 37.5% | 65.9% | 28.9% | 22.2% | 22.7% | 23.3% | 26.3% | 11.3% | 7.4% | 13.4% | - |
| Value Creation Index ⓘ | 1.8 | 3.9 | 1.1 | 0.6 | 0.7 | 0.7 | 1.0 | -0.2 | -0.5 | 0.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 2,056 | 3,166 | 3,135 | 3,131 | 3,935 | 4,606 | 5,393 | 5,306 | 5,653 | 6,229 | 6,357 |
| Sales YoY Gr. | - | 54% | -1% | -0.1% | 25.7% | 17.1% | 17.1% | -1.6% | 6.5% | 10.2% | - |
| Adj EPS ⓘ | 14.8 | 38 | 21.6 | 20.7 | 30.2 | 45.2 | 55.3 | 24.8 | 17.5 | 30.5 | 32.9 |
| YoY Gr. | - | 156.6% | -43.1% | -4.3% | 46.2% | 49.6% | 22.6% | -55.2% | -29.4% | 74.3% | - |
| BVPS (₹) ⓘ | 46.9 | 84.7 | 100.9 | 117.8 | 144.2 | 170.8 | 257.8 | 266.5 | 222.4 | 245.1 | 248.7 |
| Adj Net Profit ⓘ | 279 | 715 | 407 | 389 | 569 | 851 | 1,088 | 487 | 344 | 600 | 647 |
| Cash Flow from Ops. ⓘ | 172 | 948 | 329 | 312 | 812 | 449 | 1,463 | 552 | 724 | 803 | - |
| Debt/CF from Ops. ⓘ | 1.5 | 0.1 | 0.3 | 2.3 | 1.4 | 3.9 | 0.3 | 1.1 | 0.9 | 0.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 13.1% | 9.6% | 4.9% | 10.2% | ||||
| Adj EPS ⓘ | 8.4% | 0.2% | -18% | 74.3% | ||||
| BVPSⓘ | 20.2% | 11.2% | -1.7% | 10.2% | ||||
| Share Price | 9.1% | 13.7% | 10.8% | 39.7% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 35.7 | 57.7 | 23.3 | 18.9 | 23 | 28.7 | 26.3 | 9.5 | 7.2 | 13.1 | 13.3 |
| Op. Profit Mgn % ⓘ | 19.2 | 31.8 | 19.8 | 19.7 | 21.8 | 26.4 | 27.4 | 16.5 | 12.6 | 15 | 15.8 |
| Net Profit Mgn % ⓘ | 13.6 | 22.6 | 13.1 | 12.7 | 14.7 | 17.9 | 19.6 | 9.2 | 6.1 | 9.6 | 10.2 |
| Debt to Equity ⓘ | 0.3 | 0.1 | 0.1 | 0.3 | 0.4 | 0.5 | 0.1 | 0.1 | 0.2 | 0.1 | 0 |
| Working Cap Days ⓘ | 188 | 146 | 159 | 194 | 182 | 186 | 181 | 192 | 188 | 174 | 97 |
| Cash Conv. Cycle ⓘ | 47 | 16 | 26 | 32 | 38 | 69 | 70 | 88 | 105 | 102 | 46 |
Return on Equity has increased versus last 3 years average to 13.30%
Sales growth has been subdued in last 3 years 4.92%
Net Profit has been subdued in last 3 years -18.00%
Sales growth is not so good in last 4 quarters at 6.08%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 39.5 | 32.9 |
| TTM Sales (₹ Cr.) | 6,119 | 6,357 |
| BVPS (₹.) ⓘ | 256 | 248.7 |
| Reserves (₹ Cr.) ⓘ | 4,992 | 4,849 |
| P/BV ⓘ | 4.07 | 4.19 |
| PE ⓘ | 26.37 | 31.69 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 710.50 / 1296.15 |
| All Time Low / High (₹) | 34.00 / 1296.15 |
| Market Cap (₹ Cr.) | 20,494 |
| Equity (₹ Cr.) | 39.3 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 43 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,056 | 3,166 | 3,135 | 3,131 | 3,935 | 4,606 | 5,393 | 5,306 | 5,653 | 6,229 |
| Operating Expenses ⓘ | 1,661 | 2,161 | 2,520 | 2,516 | 3,079 | 3,392 | 3,913 | 4,432 | 4,945 | 5,296 |
| Manufacturing Costs | 307 | 330 | 354 | 315 | 358 | 471 | 491 | 500 | 561 | 561 |
| Material Costs | 640 | 824 | 888 | 886 | 993 | 1,039 | 1,257 | 1,446 | 1,709 | 1,715 |
| Employee Cost | 307 | 473 | 559 | 623 | 747 | 906 | 1,051 | 1,133 | 1,169 | 1,446 |
| Other Costs ⓘ | 408 | 534 | 720 | 692 | 981 | 975 | 1,114 | 1,352 | 1,506 | 1,574 |
| Operating Profit ⓘ | 395 | 1,005 | 615 | 615 | 856 | 1,214 | 1,480 | 874 | 708 | 933 |
| Operating Profit Margin (%) | 19.2% | 31.7% | 19.6% | 19.7% | 21.8% | 26.4% | 27.4% | 16.5% | 12.5% | 15.0% |
| Other Income ⓘ | 12 | 9 | 3 | 35 | 27 | 14 | 87 | 50 | 3 | 29 |
| Interest ⓘ | 4 | 5 | 5 | 3 | 18 | 27 | 16 | 18 | 50 | 56 |
| Depreciation ⓘ | 44 | 72 | 83 | 105 | 115 | 157 | 183 | 287 | 275 | 273 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | -44 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 359 | 936 | 529 | 541 | 749 | 1,000 | 1,368 | 625 | 355 | 632 |
| Tax ⓘ | 76 | 216 | 122 | 120 | 157 | 199 | 253 | 104 | 13 | 16 |
| Profit After Tax | 283 | 720 | 407 | 421 | 593 | 801 | 1,115 | 521 | 342 | 616 |
| PAT Margin (%) | 13.8% | 22.7% | 13.0% | 13.4% | 15.1% | 17.4% | 20.7% | 9.8% | 6.1% | 9.9% |
| Adjusted EPS (₹) | 15.0 | 38.2 | 21.4 | 21.9 | 31.0 | 44.0 | 58.3 | 26.5 | 17.4 | 31.3 |
| Dividend Payout Ratio (%) | 23% | 10% | 19% | 18% | 18% | 23% | 24% | 38% | 46% | 35% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 885 | 1,597 | 1,902 | 2,220 | 2,719 | 3,219 | 5,067 | 5,238 | 4,370 | 4,818 |
| Share Capital ⓘ | 38 | 38 | 38 | 38 | 38 | 38 | 39 | 39 | 39 | 39 |
| Reserves ⓘ | 847 | 1,560 | 1,865 | 2,182 | 2,681 | 3,182 | 5,028 | 5,198 | 4,331 | 4,779 |
| Minority Interest | 0 | 0 | 0 | 0 | -1 | -29 | 0 | 0 | 0 | 0 |
| Debt | 238 | 114 | 89 | 708 | 928 | 1,747 | 200 | 430 | 636 | 430 |
| Long Term Debt | 19 | 0 | 0 | 500 | 499 | 887 | 200 | 0 | 0 | 0 |
| Short Term Debt | 220 | 114 | 89 | 208 | 429 | 861 | 0 | 430 | 636 | 430 |
| Trade Payables | 325 | 566 | 501 | 759 | 644 | 626 | 669 | 706 | 680 | 736 |
| Others Liabilities ⓘ | 417 | 349 | 319 | 376 | 661 | 628 | 1,026 | 856 | 378 | 357 |
| Total Liabilities ⓘ | 1,865 | 2,626 | 2,811 | 4,064 | 4,952 | 6,192 | 6,961 | 7,230 | 6,064 | 6,341 |
Fixed Assets | ||||||||||
| Gross Block | 861 | 1,094 | 950 | 1,242 | 1,523 | 2,132 | 2,545 | 2,840 | 3,468 | 3,875 |
| Accumulated Depreciation | 314 | 386 | 151 | 249 | 364 | 581 | 757 | 1,042 | 1,069 | 1,329 |
| Net Fixed Assetsⓘ | 547 | 708 | 799 | 993 | 1,158 | 1,552 | 1,788 | 1,798 | 2,398 | 2,547 |
| CWIP ⓘ | 83 | 93 | 396 | 1,010 | 1,551 | 1,846 | 2,183 | 2,304 | 601 | 524 |
| Investmentsⓘ | 2 | 53 | 50 | 42 | 49 | 18 | 236 | 118 | 96 | 93 |
| Inventories | 383 | 570 | 633 | 734 | 967 | 1,188 | 1,486 | 1,610 | 1,475 | 1,644 |
| Trade Receivables | 361 | 350 | 339 | 526 | 489 | 865 | 349 | 807 | 1,046 | 1,025 |
| Cash Equivalents | 27 | 451 | 160 | 90 | 206 | 81 | 106 | 69 | 82 | 127 |
| Others Assetsⓘ | 462 | 400 | 434 | 668 | 532 | 643 | 814 | 523 | 364 | 382 |
| Total Assets ⓘ | 1,865 | 2,626 | 2,811 | 4,064 | 4,952 | 6,192 | 6,961 | 7,230 | 6,064 | 6,341 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 172 | 948 | 329 | 312 | 812 | 449 | 1,463 | 552 | 724 | 803 |
| PBT ⓘ | 359 | 936 | 529 | 541 | 749 | 1,000 | 1,368 | 625 | 355 | 632 |
| Adjustment ⓘ | 45 | 70 | 83 | 87 | 118 | 278 | 102 | 418 | 488 | 287 |
| Changes in Working Capital ⓘ | -163 | 139 | -166 | -181 | 112 | -593 | 238 | -367 | -58 | -96 |
| Tax Paid ⓘ | -69 | -197 | -118 | -135 | -166 | -236 | -245 | -123 | -61 | -20 |
| Cash Flow From Investing Activity ⓘ | -256 | -307 | -486 | -884 | -756 | -732 | -839 | -372 | -448 | -321 |
| Capex | -224 | -301 | -491 | -807 | -763 | -734 | -659 | -424 | -442 | -316 |
| Net Investments | -34 | -8 | 4 | 0 | -14 | 0 | -186 | 48 | -7 | -8 |
| Others ⓘ | 2 | 2 | 1 | -77 | 22 | 3 | 7 | 5 | 1 | 4 |
| Cash Flow From Financing Activityⓘ | 87 | -224 | -129 | 503 | 59 | 155 | -597 | -217 | -262 | -438 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 734 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -37 | -39 | -5 | 500 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -5 | -5 | -5 | -26 | -70 | -111 | -73 | -52 | -50 | -49 |
| Dividend Paid ⓘ | -65 | -79 | -90 | -91 | -91 | -326 | 0 | -275 | -197 | -157 |
| Others ⓘ | 194 | -101 | -29 | 120 | 220 | 592 | -1,259 | 110 | -16 | -231 |
| Net Cash Flow ⓘ | 3 | 417 | -286 | -69 | 115 | -128 | 27 | -37 | 14 | 45 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 36.24 | 58.02 | 23.25 | 20.42 | 24 | 26.97 | 26.91 | 10.11 | 7.12 | 13.4 |
| ROCE (%) | 37.54 | 65.86 | 28.87 | 22.15 | 22.66 | 23.3 | 26.28 | 11.25 | 7.44 | 13.42 |
| Asset Turnover Ratio | 1.28 | 1.41 | 1.15 | 0.91 | 0.87 | 0.83 | 0.82 | 0.75 | 0.85 | 1 |
| PAT to CFO Conversion(x) | 0.61 | 1.32 | 0.81 | 0.74 | 1.37 | 0.56 | 1.31 | 1.06 | 2.12 | 1.3 | Working Capital Days |
| Receivable Days | 56 | 41 | 40 | 50 | 47 | 54 | 41 | 40 | 60 | 61 |
| Inventory Days | 61 | 55 | 70 | 80 | 79 | 85 | 90 | 106 | 100 | 91 |
| Payable Days | 175 | 197 | 219 | 259 | 258 | 223 | 188 | 174 | 148 | 151 |
The legacy of Alembic Pharmaceuticals Limited (APL) dates back to over 100 years. Established in 1907 with an objective to develop and revolutionize the Pharmaceutical and Drug industry in the Indian subcontinent, Alembic Pharmaceuticals Limited today is one of the leading pharmaceutical companies in India. The publicly listed entity that manufactures and markets generic pharmaceutical products across the globe has grown by leaps and bounds over the last century.
With an emphasis on innovation and technology, the company has established a state-of-the-art research facility - Alembic Research Centre (ARC)-including formulation research, and huge bioequivalence facility at Vadodara, Gujarat. Additionally, APL has recently invested in ultra-modern R&D center at Hyderabad.
Business area of the company
The company is principally engaged in the manufacturing and selling of Pharmaceuticals products i.e. Formulations and Active Pharmaceutical Ingredients. The company presents an extensive range of branded and generic formulations, in compliance with international and national regulations, that cater to diverse therapeutic segments.
Awards and recognition
Milestones
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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