Alembic Ltd
Alembic Limited is engaged in the businesses of Pharmaceuticals, Real Estate, and Power Assets. The company was started in 1907 as the flagship company of the Alembic Group. In 2010, the company demerged its core pharmaceutical business (formulations) into a wholly-owned subsidiary, Alembic Pharma Ltd and after the demerger, APL became the flagship company of the Alembic Group.
With its registered office in Vadodra, Alembic Ltd currently holds a 28.41% stake in Alembic Pharma Ltd and a 19.01% stake in another group entity Paushak Limited.[1]
- Market Cap ₹ 3,633 Cr.
- Current Price ₹ 142
- High / Low ₹ 156 / 74.2
- Stock P/E 13.6
- Book Value ₹ 85.1
- Dividend Yield 1.70 %
- ROCE 4.81 %
- ROE 12.6 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 24.5%
- Debtor days have improved from 61.4 to 45.8 days.
- Company's working capital requirements have reduced from 141 days to 81.2 days
Cons
- Tax rate seems low
- Company has a low return on equity of 10.0% over last 3 years.
- Earnings include an other income of Rs.54.8 Cr.
* 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: Realty Industry: Construction
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,099 | 1,121 | 144 | 134 | 147 | 125 | 124 | 74 | 74 | 78 | 127 | 157 | |
1,016 | 1,018 | 134 | 128 | 140 | 114 | 106 | 71 | 62 | 64 | 87 | 101 | |
Operating Profit | 83 | 103 | 10 | 6 | 7 | 11 | 18 | 3 | 11 | 14 | 40 | 57 |
OPM % | 8% | 9% | 7% | 5% | 5% | 9% | 15% | 4% | 15% | 18% | 32% | 36% |
7 | 16 | 21 | 25 | 25 | 37 | 29 | 93 | 10 | 89 | 54 | 55 | |
Interest | 42 | 32 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
Depreciation | 38 | 43 | 6 | 6 | 5 | 4 | 3 | 3 | 4 | 5 | 7 | 8 |
Profit before tax | 9 | 44 | 23 | 25 | 27 | 44 | 45 | 93 | 17 | 98 | 87 | 103 |
Tax % | -19% | 10% | -3% | 2% | -3% | 5% | 8% | 0% | 19% | 12% | 7% | 10% |
11 | 40 | 107 | 235 | 145 | 163 | 213 | 329 | 343 | 222 | 191 | 269 | |
EPS in Rs | 0.39 | 1.48 | 3.99 | 8.78 | 5.45 | 6.10 | 8.30 | 12.82 | 13.35 | 8.65 | 7.42 | 10.46 |
Dividend Payout % | 51% | 17% | 4% | 2% | 4% | 3% | 2% | 5% | 2% | 21% | 30% | 23% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 5% |
3 Years: | 29% |
TTM: | 24% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 5% |
3 Years: | -8% |
TTM: | 35% |
Stock Price CAGR | |
---|---|
10 Years: | 21% |
5 Years: | 32% |
3 Years: | 3% |
1 Year: | 81% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 14% |
3 Years: | 10% |
Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 27 | 27 | 53 | 53 | 53 | 53 | 51 | 51 | 51 | 51 | 51 | 51 |
Reserves | 304 | 311 | 474 | 750 | 858 | 1,032 | 1,157 | 1,367 | 2,246 | 2,445 | 2,027 | 2,134 |
475 | 408 | 0 | 9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9 | |
209 | 251 | 91 | 64 | 81 | 73 | 57 | 53 | 112 | 135 | 127 | 134 | |
Total Liabilities | 1,015 | 997 | 619 | 875 | 992 | 1,159 | 1,266 | 1,471 | 2,409 | 2,632 | 2,205 | 2,329 |
405 | 393 | 169 | 146 | 171 | 179 | 209 | 225 | 265 | 297 | 321 | 369 | |
CWIP | 7 | 4 | 2 | 0 | 0 | 0 | 0 | 3 | 6 | 0 | 0 | 1 |
Investments | 8 | 8 | 299 | 605 | 732 | 913 | 1,001 | 1,133 | 2,047 | 2,208 | 1,754 | 1,786 |
595 | 591 | 149 | 124 | 89 | 67 | 55 | 110 | 91 | 127 | 130 | 173 | |
Total Assets | 1,015 | 997 | 619 | 875 | 992 | 1,159 | 1,266 | 1,471 | 2,409 | 2,632 | 2,205 | 2,329 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
123 | 149 | 22 | 10 | 52 | 24 | 22 | 7 | -2 | -18 | 39 | 23 | |
-56 | -24 | 5 | -5 | -47 | -22 | 68 | 57 | -35 | 19 | 7 | 26 | |
-70 | -118 | -25 | -5 | -5 | -3 | -89 | -6 | -15 | -6 | -46 | -48 | |
Net Cash Flow | -2 | 7 | 2 | -0 | -0 | -1 | 1 | 57 | -52 | -5 | -0 | 0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 71 | 63 | 122 | 76 | 54 | 74 | 40 | 44 | 69 | 71 | 67 | 46 |
Inventory Days | 158 | 158 | 880 | 659 | 438 | 247 | 289 | 411 | 2,112 | 2,885 | 3,694 | |
Days Payable | 112 | 128 | 200 | 144 | 128 | 125 | 202 | 151 | 693 | 640 | 1,237 | |
Cash Conversion Cycle | 117 | 93 | 801 | 591 | 364 | 195 | 126 | 305 | 1,488 | 2,316 | 67 | 2,502 |
Working Capital Days | 125 | 108 | 235 | 172 | 39 | 20 | 13 | 22 | 98 | 223 | 118 | 81 |
ROCE % | 7% | 10% | 4% | 4% | 4% | 4% | 7% | 1% | 4% | 4% | 5% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 18 Jul
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Announcement under Regulation 30 (LODR)-Newspaper Publication
12 Jul - Closed herewith c copy of the notice published in Indian Express (English edition) and Financial Express (Gujarati Edition - Vernacular Language) on 12th July, 2024 …
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 11 Jul
- Intimation Of Record Date For Payment Of Dividend On Equity Shares For The Financial Year Ended 31St March, 2024 11 Jul
- Business Responsibility and Sustainability Reporting (BRSR) 11 Jul
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Business Portfolio:
A) Pharmaceuticals:
The company deals in the bulk drugs manufacturing and marketing of APIs like Estolate, Biphenyl Valine Oxalate, Venlafaxine, etc. AL is also engaged in R&D activity. [1]