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Last Updated on: 22 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Alembic Ltd

About the Company - Alembic Ltd

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. 75.97 Cr. and Equity Capital is Rs. 51.36 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
RealtyAlembic Road, Vadodra Gujarat 390003alembic.investors@alembic.co.in
http://www.alembiclimited.com
Management
NamePosition Held
Mr. Chirayu AminChairman
Mrs. Malika AminManaging Director & CEO
Mr. Udit AminDirector
Mr. Abhijit JoshiDirector
Mr. C P BuchIndependent Director
Mrs. Rati DesaiIndependent Director
Mr. Sameer KheraIndependent Director
Mr. Mayank AminIndependent Director

Basic Stock Data of Alembic Ltd

Last Updated: April 6, 2024, 9:23 am

Market Cap 2,463 Cr.
Current Price 95.9
High / Low108/59.2
Stock P/E9.67
Book Value 82.5
Dividend Yield2.24 %
ROCE4.18 %
ROE8.67 %
Face Value 2.00
PEG Ratio-1.38

Data Source: screener.in

Competitors of Alembic Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Cipla Ltd 1,19,606 Cr. 1,4821,519/92428.1 3310.57 %23.1 %17.0 % 2.00
Torrent Pharmaceuticals Ltd 90,149 Cr. 2,6642,783/1,68362.9 1980.83 %19.8 %20.0 % 5.00
Bafna Pharmaceuticals Ltd 209 Cr. 88.5126/75.918.6 34.80.00 %15.9 %16.4 % 10.0
Syncom Formulations (India) Ltd 1,241 Cr. 13.218.6/6.2352.5 3.050.00 %10.4 %8.72 % 1.00
Ami Organics Ltd 4,461 Cr. 1,2101,389/1,00474.9 1830.25 %16.0 %9.39 % 10.0
Industry Average43,133.20 Cr1,091.5447.40149.970.33%17.04%14.30%5.60

Alembic Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales14292120191822373137373239
Expenses11251717161517262024262228
Operating Profit4443435111013111012
OPM %27%14%20%15%19%16%25%30%34%36%30%31%30%
Other Income32281241592-93482
Interest0000000000000
Depreciation1111112222223
Profit before tax6558346468113125611
Tax %16%21%20%11%4%20%11%10%2%-55%14%8%9%
Net Profit867249120521-191154648449161
EPS in Rs3.332.801.914.682.020.04-0.724.491.781.881.733.532.39

Last Updated: May 6, 2024, 4:51 am

Alembic Ltd Quarterly Chart

Alembic Ltd Profit & Loss

Last Updated: May 2, 2024, 8:45 am

MonthMar 2008Mar 2009Mar 2010Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales9901,0991,121144134147125124747478127137
Expenses8761,0161,0181341281401141067162648792
Operating Profit1148310310671118311144045
OPM %12%8%9%7%5%5%9%15%4%15%18%32%33%
Other Income6771621252537299310895444
Interest3542321000000000
Depreciation3338436654334577
Profit before tax11494423252744459317988782
Tax %1%-19%10%-3%2%-3%5%8%0%19%12%7%
Net Profit1121140107235145163213329343222191229
EPS in Rs0.810.391.483.998.785.456.108.3012.8213.358.657.428.92
Dividend Payout %19%51%17%4%2%4%3%2%5%2%21%30%

Alembic Ltd Profit & Loss Yearly Chart

Alembic Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:5%
3 Years:29%
TTM:24%
Compounded Profit Growth
10 Years:%
5 Years:5%
3 Years:-7%
TTM:35%
Stock Price CAGR
10 Years:20%
5 Years:25%
3 Years:-8%
1 Year:51%
Return on Equity
10 Years:%
5 Years:14%
3 Years:10%
Last Year:13%

Last Updated: April 6, 2024, 9:23 am

Balance Sheet

MonthMar 2008Mar 2009Mar 2010Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital28272753535353515151515151
Reserves3143043114747508581,0321,1571,3672,2462,4452,0272,068
Borrowings4234754080900000005
Other Liabilities181209251916481735753112135127145
Total Liabilities9461,0159976198759921,1591,2661,4712,4092,6322,2052,270
Fixed Assets367405393169146171179209225265297321344
CWIP22742000036001
Investments14882996057329131,0011,1332,0472,2081,7541,749
Other Assets54359559114912489675511091127130176
Total Assets9461,0159976198759921,1591,2661,4712,4092,6322,2052,270

Alembic Ltd Reserves and Borrowings Chart

Alembic Ltd Cash Flow

MonthMar 2008Mar 2009Mar 2010Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 5412314922105224227-2-1839
Cash from Investing Activity -225-56-245-5-47-226857-35197
Cash from Financing Activity 39-70-118-25-5-5-3-89-6-15-6-46
Net Cash Flow-133-272-0-0-1157-52-5-0

Alembic Ltd Financial Efficiency Indicators

MonthMar 2008Mar 2009Mar 2010Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days8571631227654744044697167
Inventory Days1531581588806594382472894112,1122,885
Days Payable103112128200144128125202151693640
Cash Conversion Cycle135117938015913641951263051,4882,31667
Working Capital Days1251251082351723920132298223118
ROCE %7%10%4%4%4%4%7%1%4%4%

Alembic Ltd Financial Efficiency Indicators Chart

Alembic Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters70.41%70.88%70.88%70.88%70.88%70.88%70.88%70.88%70.88%70.88%70.88%70.88%
FIIs1.75%1.60%1.30%1.23%1.19%1.12%1.08%0.83%0.82%0.70%0.72%0.85%
DIIs3.95%4.34%4.75%4.89%5.17%4.69%4.29%4.12%3.94%3.94%3.93%3.40%
Public23.88%23.18%23.07%23.00%22.76%23.31%23.75%24.16%24.34%24.48%24.46%24.87%
No. of Shareholders66,33267,23877,20180,56178,38180,13583,00683,61283,63082,33981,73282,947

Alembic Ltd Shareholding Pattern Chart

No. of Alembic Ltd Shareholders

Alembic Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
SBI Small Cap Fund100000000.3981.35

Alembic Ltd ROCE Trend

Alembic Ltd EPS Trend

Alembic Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)7.428.6513.3512.828.26
Diluted EPS (Rs.)7.428.6513.3512.828.26
Cash EPS (Rs.)3.403.550.693.751.70
Book Value[Excl.RevalReserv]/Share (Rs.)80.9397.2389.4555.2247.06
Book Value[Incl.RevalReserv]/Share (Rs.)80.9397.2389.4555.2247.06
Revenue From Operations / Share (Rs.)4.963.052.862.884.82
PBDIT / Share (Rs.)4.074.020.833.771.85
PBIT / Share (Rs.)3.813.830.673.641.75
PBT / Share (Rs.)3.383.810.663.631.74
Net Profit / Share (Rs.)3.143.360.533.621.60
NP After MI And SOA / Share (Rs.)7.428.6513.3512.828.30
PBDIT Margin (%)82.20131.8229.03130.7738.38
PBIT Margin (%)76.91125.6023.67126.4136.25
PBT Margin (%)68.21125.1023.18126.0236.08
Net Profit Margin (%)63.35110.1918.82125.8433.18
NP After MI And SOA Margin (%)149.83283.89466.35445.19172.12
Return on Networth / Equity (%)9.178.8914.9223.2017.63
Return on Capital Employeed (%)4.613.830.746.553.68
Return On Assets (%)8.648.4314.2322.3716.83
Asset Turnover Ratio (%)0.060.040.060.080.15
Current Ratio (X)2.052.121.723.562.02
Quick Ratio (X)0.990.830.802.781.30
Inventory Turnover Ratio (X)0.070.120.260.691.33
Dividend Payout Ratio (NP) (%)24.242.314.491.882.90
Dividend Payout Ratio (CP) (%)23.412.264.441.862.86
Earning Retention Ratio (%)75.7697.6995.5198.1297.10
Cash Earning Retention Ratio (%)76.5997.7495.5698.1497.14
Interest Coverage Ratio (X)224.79265.0058.96335.70219.79
Interest Coverage Ratio (Post Tax) (X)197.06222.5239.24324.04191.02
Enterprise Value (Cr.)1520.561855.972634.71857.861082.90
EV / Net Operating Revenue (X)11.9523.7335.8411.608.75
EV / EBITDA (X)14.5418.00123.448.8722.79
MarketCap / Net Operating Revenue (X)11.9723.7535.9212.408.76
Retention Ratios (%)75.7597.6895.5098.1197.09
Price / BV (X)0.730.741.150.640.89
Price / Net Operating Revenue (X)11.9723.7535.9312.408.76
EarningsYield0.120.110.120.350.19

Alembic Ltd Profitability Ratios (%)

Alembic Ltd Liquidity Ratios

Alembic Ltd Liquidity Ratios (%)

Alembic Ltd Interest Coverage Ratios (%)

Alembic Ltd Valuation Ratios

Fair Value

Fair Value: ₹70.72

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Overvalued: 26.26% compared to the current price ₹95.9

Intrinsic Value: ₹65.77

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 31.42% compared to the current price ₹95.9

Last 5 Year EPS CAGR: -7.00%

*Investments are subject to market risks

Strength and Weakness of Alembic Ltd Stock

StrengthWeakness
  1. The company has higher reserves (1,181.00 cr) compared to borrowings (101.54 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (165.85 cr) and profit (54.46 cr) over the years.
  1. The stock has a low average ROCE of 4.08%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 108.17, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 233.08, which may not be favorable.

FAQ

What is the latest fair value of Alembic Ltd?

The latest fair value of Alembic Ltd is 70.72.

What is the Market Cap of Alembic Ltd?

The Market Cap of Alembic Ltd is 2,463 Cr..

What is the current Stock Price of Alembic Ltd as on 17 April 2024?

The current stock price of Alembic Ltd as on 17 April 2024 is 95.9.

What is the High / Low of Alembic Ltd stocks in FY 2024?

In FY 2024, the High / Low of Alembic Ltd stocks is ₹108/59.2.

What is the Stock P/E of Alembic Ltd?

The Stock P/E of Alembic Ltd is 9.67.

What is the Book Value of Alembic Ltd?

The Book Value of Alembic Ltd is 82.5.

What is the Dividend Yield of Alembic Ltd?

The Dividend Yield of Alembic Ltd is 2.24 %.

What is the ROCE of Alembic Ltd?

The ROCE of Alembic Ltd is 4.18 %.

What is the ROE of Alembic Ltd?

The ROE of Alembic Ltd is 8.67 %.

What is the Face Value of Alembic Ltd?

The Face Value of Alembic Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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