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Last Updated: April 2, 2026, 2:34 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 506235 | NSE: ALEMBICLTD

Alembic Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹68.80Overvalued by 10.07%vs CMP ₹76.50

P/E (6.2) × ROE (13.7%) × BV (₹98.80) × DY (3.14%)

₹99.97Undervalued by 30.68%vs CMP ₹76.50
MoS: +23.5% (Adequate)Confidence: 48/100 (Moderate)Models: 5 Under, 1 Fair, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹73.9522%Fair (-3.3%)
Graham NumberEarnings₹166.0916%Under (+117.1%)
Earnings PowerEarnings₹84.8613%Under (+10.9%)
DCFCash Flow₹186.0013%Under (+143.1%)
Net Asset ValueAssets₹98.747%Under (+29.1%)
EV/EBITDAEnterprise₹48.579%Over (-36.5%)
Earnings YieldEarnings₹124.107%Under (+62.2%)
ROCE CapitalReturns₹6.127%Over (-92%)
Revenue MultipleRevenue₹12.975%Over (-83%)
Consensus (9 models)₹99.97100%Undervalued
Key Drivers: Wide model spread (₹6–₹186) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 7.5%

*Investments are subject to market risks

Investment Snapshot

70
Alembic Ltd scores 70/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health70/100 · Strong
ROCE 6.9% WeakROE 13.7% GoodD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 70.9% Stable
Earnings Quality75/100 · Strong
OPM expanding (25% → 39%) ImprovingWorking capital: 57 days (improving) Efficient
Quarterly Momentum78/100 · Strong
Revenue (4Q): +17% YoY GrowingProfit (4Q): +4% YoY PositiveOPM: 42.0% (up 5.0% YoY) Margin expansion
Industry Rank65/100 · Strong
P/E 6.2 vs industry 28.7 Cheaper than peersROCE 6.9% vs industry 12.3% Below peers3Y sales CAGR: 42% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Alembic Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
40/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 6.2 vs Ind 28.7 | ROCE 6.9% | ROE 13.7% | CFO/NP N/A
Balance Sheet Stress
0/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.00x | IntCov 0.0x | Current 1.72x | Borrow/Reserve 0.01x
Cash Flow Reliability
43/100
Mixed
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹311 Cr | CFO/NP N/A
Ownership Accumulation
-25
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -0.09 pp | DII 0.00 pp | Prom 0.00 pp
Business Momentum
+100
Stable
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +12.0% | Q NP +106.5% | Q OPM +3.0 pp
Derived FieldValueHow it is derived
Valuation Gap %+30.7%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.01xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-0.09 ppLatest FII% minus previous FII%
DII Change0.00 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-2,367Latest shareholder count minus previous count
Quarterly Sales Change+12.0%Latest quarter sales vs previous quarter sales
Quarterly Profit Change+106.5%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+3.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:34 am

Market Cap 1,964 Cr.
Current Price 76.5
Intrinsic Value₹99.97
High / Low 126/70.5
Stock P/E6.16
Book Value 98.8
Dividend Yield3.14 %
ROCE6.90 %
ROE13.7 %
Face Value 2.00
PEG Ratio0.82

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Alembic Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Alembic Ltd 1,964 Cr. 76.5 126/70.56.16 98.83.14 %6.90 %13.7 % 2.00
Arvind SmartSpaces Ltd 2,431 Cr. 529 757/48733.2 1301.13 %19.0 %18.8 % 10.0
Elpro International Ltd 1,489 Cr. 87.9 116/70.97.98 1190.80 %5.24 %3.14 % 1.00
EFC (I) Ltd 2,608 Cr. 190 374/17714.2 45.30.00 %21.4 %23.3 % 2.00
Kolte Patil Developers Ltd 2,640 Cr. 298 498/29262.3 1380.00 %10.9 %13.2 % 10.0
Industry Average14,426.24 Cr370.0328.73148.620.68%12.33%12.56%6.13

All Competitor Stocks of Alembic Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 37313737323949515358605056
Expenses 26202426222825303332333033
Operating Profit 11101311101224202026272023
OPM % 30%34%36%30%31%30%49%40%37%46%45%39%42%
Other Income 592-93482226643465
Interest 0000000011111
Depreciation 2222231233333
Profit before tax 6811312561124198227272085
Tax % 10%2%-55%14%8%9%12%10%6%5%12%10%10%
Net Profit 11546484491617256121656862128
EPS in Rs 4.491.781.881.733.532.392.812.174.712.552.672.405.00

Last Updated: January 2, 2026, 1:34 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 18, 2026, 6:16 pm

MetricMar 2010Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,121144134147125124747478127157222240
Expenses 1,01813412814011410671626487101128143
Operating Profit 103106711183111440579498
OPM % 9%7%5%5%9%15%4%15%18%32%36%42%41%
Other Income 16212525372993108954557574
Interest 32100000000122
Depreciation 4366543345781112
Profit before tax 44232527444593179887103156157
Tax % 10%-3%2%-3%5%8%0%19%12%7%10%7%
Net Profit 40107235145163213329343222191269311319
EPS in Rs 1.483.998.785.456.108.3012.8213.358.657.4210.4612.1012.41
Dividend Payout % 17%4%2%4%3%2%5%2%21%30%23%20%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)119.63%-38.30%12.41%30.67%54.46%4.26%-35.28%-13.96%40.84%15.61%
Change in YoY Net Profit Growth (%)0.00%-157.92%50.71%18.26%23.79%-50.20%-39.53%21.31%54.80%-25.22%

Alembic Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2015-2016 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:4%
5 Years:25%
3 Years:42%
TTM:29%
Compounded Profit Growth
10 Years:11%
5 Years:-1%
3 Years:12%
TTM:13%
Stock Price CAGR
10 Years:13%
5 Years:2%
3 Years:13%
1 Year:-33%
Return on Equity
10 Years:15%
5 Years:12%
3 Years:12%
Last Year:14%

Last Updated: September 4, 2025, 10:45 pm

Balance Sheet

Last Updated: December 4, 2025, 12:55 am

MonthMar 2010Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 27535353535151515151515151
Reserves 3114747508581,0321,1571,3672,2462,4452,0272,1342,2872,484
Borrowings 40809000000091413
Other Liabilities 251916481735753112135127134150179
Total Liabilities 9976198759921,1591,2661,4712,4092,6322,2052,3292,5032,727
Fixed Assets 393169146171179209225265297321369409426
CWIP 4200003600100
Investments 82996057329131,0011,1332,0472,2081,7541,7861,9002,115
Other Assets 59114912489675511091127130173194185
Total Assets 9976198759921,1591,2661,4712,4092,6322,2052,3292,5032,727

Reserves and Borrowings Chart

Cash Flow

MonthMar 2010Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 14922105224227-2-18392386
Cash from Investing Activity + -245-5-47-226857-3519726-27
Cash from Financing Activity + -118-25-5-5-3-89-6-15-6-46-48-58
Net Cash Flow 72-0-0-1157-52-5-001
Free Cash Flow 12122113814-1-15-49-5114-3336
CFO/OP 149%222%172%771%245%145%246%0%-63%112%39%109%

Free Cash Flow

MonthMar 2010Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-305.0010.00-3.007.0011.0018.003.0011.0014.0040.0048.0080.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2010Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 6312276547440446971674649
Inventory Days 1588806594382472894112,1122,8853,694
Days Payable 1282001441281252021516936401,237
Cash Conversion Cycle 938015913641951263051,4882,316672,50249
Working Capital Days 10823517239201322972231187757
ROCE %10%4%4%4%4%7%1%4%4%5%7%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 70.88%70.88%70.88%70.88%70.88%70.88%70.88%70.88%70.88%70.88%70.88%70.88%
FIIs 0.70%0.72%0.85%0.89%1.07%1.42%1.97%1.78%1.65%1.50%1.38%1.29%
DIIs 3.94%3.93%3.40%0.04%0.04%0.04%0.08%0.06%0.05%0.05%0.05%0.05%
Public 24.48%24.46%24.87%28.17%28.02%27.66%27.07%27.27%27.41%27.57%27.68%27.78%
No. of Shareholders 82,33981,73282,94794,01299,13098,4781,02,2491,07,4231,06,7321,07,5101,06,4701,04,103

Shareholding Pattern Chart

No. of Shareholders

Alembic Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Small Cap Fund 10,000,000 0.39 81.3510,000,0002025-04-22 14:12:250%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 12.1010.467.428.6513.35
Diluted EPS (Rs.) 12.1010.467.428.6513.35
Cash EPS (Rs.) 6.043.923.403.550.69
Book Value[Excl.RevalReserv]/Share (Rs.) 91.0785.1180.9397.2389.45
Book Value[Incl.RevalReserv]/Share (Rs.) 91.0785.1180.9397.2389.45
Revenue From Operations / Share (Rs.) 8.646.134.963.052.86
PBDIT / Share (Rs.) 6.574.354.074.020.83
PBIT / Share (Rs.) 6.154.043.813.830.67
PBT / Share (Rs.) 6.064.003.383.810.66
Net Profit / Share (Rs.) 5.633.623.143.360.53
NP After MI And SOA / Share (Rs.) 12.1010.467.428.6513.35
PBDIT Margin (%) 75.9870.8882.20131.8229.03
PBIT Margin (%) 71.1965.9076.91125.6023.67
PBT Margin (%) 70.0865.2068.21125.1023.18
Net Profit Margin (%) 65.1558.9663.35110.1918.82
NP After MI And SOA Margin (%) 140.01170.56149.83283.89466.35
Return on Networth / Equity (%) 13.2812.299.178.8914.92
Return on Capital Employeed (%) 6.604.634.613.830.74
Return On Assets (%) 12.4111.538.648.4314.23
Total Debt / Equity (X) 0.010.000.000.000.00
Asset Turnover Ratio (%) 0.090.060.050.040.06
Current Ratio (X) 1.851.522.052.121.72
Quick Ratio (X) 0.950.490.990.830.80
Inventory Turnover Ratio (X) 2.310.090.070.120.26
Dividend Payout Ratio (NP) (%) 19.8321.0324.242.314.49
Dividend Payout Ratio (CP) (%) 19.1820.4323.412.264.44
Earning Retention Ratio (%) 80.1778.9775.7697.6995.51
Cash Earning Retention Ratio (%) 80.8279.5776.5997.7495.56
Interest Coverage Ratio (X) 68.23100.70224.79265.0058.96
Interest Coverage Ratio (Post Tax) (X) 59.5184.77197.06222.5239.24
Enterprise Value (Cr.) 2539.122154.921520.561855.972634.71
EV / Net Operating Revenue (X) 11.4413.6811.9523.7335.84
EV / EBITDA (X) 15.0619.3014.5418.00123.44
MarketCap / Net Operating Revenue (X) 11.4013.6411.9723.7535.92
Retention Ratios (%) 80.1678.9675.7597.6895.50
Price / BV (X) 1.080.980.730.741.15
Price / Net Operating Revenue (X) 11.4013.6411.9723.7535.93
EarningsYield 0.120.120.120.110.12

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Alembic Ltd. is a Public Limited Listed company incorporated on 30/07/1907 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L26100GJ1907PLC000033 and registration number is 000033. Currently Company is involved in the business activities of Real estate activities with own or leased property. Company's Total Operating Revenue is Rs. 214.36 Cr. and Equity Capital is Rs. 51.36 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
RealtyAlembic Road, Vadodra Gujarat 390003Contact not found
Management
NamePosition Held
Mr. Chirayu AminChairman
Mrs. Malika AminManaging Director & CEO
Mrs. Rati DesaiIndependent Director
Mr. Mayurdhvaj JadejaIndependent Director
Mr. Sanjeev ShahIndependent Director
Dr. Girish HirodeIndependent Director
Mr. Udit AminDirector
Mr. Jain ParkashDirector

FAQ

What is the intrinsic value of Alembic Ltd and is it undervalued?

As of 05 April 2026, Alembic Ltd's intrinsic value is ₹99.97, which is 30.68% higher than the current market price of ₹76.50, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (13.7 %), book value (₹98.8), dividend yield (3.14 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Alembic Ltd?

Alembic Ltd is trading at ₹76.50 as of 05 April 2026, with a FY2026-2027 high of ₹126 and low of ₹70.5. The stock is currently near its 52-week low. Market cap stands at ₹1,964 Cr..

How does Alembic Ltd's P/E ratio compare to its industry?

Alembic Ltd has a P/E ratio of 6.16, which is below the industry average of 28.73. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Alembic Ltd financially healthy?

Key indicators for Alembic Ltd: ROCE of 6.90 % is on the lower side compared to the industry average of 12.33%. Dividend yield is 3.14 %.

Is Alembic Ltd profitable and how is the profit trend?

Alembic Ltd reported a net profit of ₹311 Cr in Mar 2025 on revenue of ₹222 Cr. Compared to ₹222 Cr in Mar 2022, the net profit shows an improving trend.

Does Alembic Ltd pay dividends?

Alembic Ltd has a dividend yield of 3.14 % at the current price of ₹76.50. This is a relatively attractive yield for income-seeking investors.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Alembic Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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