Alkem Laboratories Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2016 • Pharma Business: 100.0%
AI Sector View
AI GENERATEDHealthcare
This stance relies on proxies and positioning because no direct pharma-export or healthcare operating series exists in the dataset. The depreciated currency at 95.23 (Sep/26) can support export earnings, inflation at 4.45% (Jul/26) is manageable for a defensive sector, and consumer spending remains large at INR 44743 billion (Jun/26). Strong FPI inflow of INR 10620 crore over 3 months to 2026-08-31 from INR -11381 crore in the prior 3 months adds a real sector-specific tailwind, but confidence stays capped because the fundamental drivers are indirect proxies.
PROS
- Company has a healthy return on capital (ROCE) of 20.8%
- Company has consistently been profitable over the last 5 years
- Operating margins have improved to 13.3% from 10.2%
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 0.91x)
- Company has a consistent dividend-paying track record
- Company comfortably covers its interest (18.9x coverage)
CONS
- Promoter holding has decreased over last 2 years: -6.7pp
- Total debt has risen sharply - up 52.8% year on year
- Company has delivered a poor profit growth of 7.8% over past five years
- Recurring exceptional / one-off items are inflating headline profit
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SUNPHARMA | 1842.00 | 36.54 | 441957.50 | 0.87 | 2901.23 | 26.53 | 15299.88 | 10.98 | 19.11 | 28.81 |
| DIVISLAB | 9326.00 | 84.64 | 247576.00 | 0.32 | 902.00 | 65.50 | 3080.00 | 27.80 | 21.51 | 40.75 |
| TORNTPHARM | 4975.00 | 86.76 | 189233.01 | 0.76 | 566.00 | 3.28 | 4921.00 | 57.32 | 19.27 | 33.81 |
| ZYDUSLIFE | 1119.50 | 24.74 | 111670.55 | 0.09 | 990.20 | -34.90 | 8017.00 | 23.97 | 21.39 | 24.54 |
| CIPLA | 1365.00 | 32.72 | 110272.68 | 0.95 | 785.55 | -39.18 | 7119.28 | 4.13 | 16.00 | 16.73 |
| LAURUSLABS | 1970.35 | 97.37 | 106460.42 | 0.10 | 362.07 | 123.94 | 2026.31 | 29.10 | 18.20 | 31.50 |
| DRREDDY | 1161.00 | 30.07 | 96906.38 | 0.69 | 435.60 | -69.10 | 8099.80 | -5.21 | 13.75 | 10.63 |
| AUROPHARMA | 1675.45 | 25.97 | 96401.69 | 0.24 | 1032.03 | 25.22 | 9150.35 | 17.44 | 12.76 | 20.54 |
| LUPIN | 2096.00 | 17.34 | 95842.92 | 0.86 | 1416.98 | 16.01 | 8276.89 | 34.28 | 28.86 | 29.59 |
| MANKIND | 2277.00 | 46.04 | 94050.37 | 0.04 | 574.09 | 29.12 | 4030.59 | 12.89 | 13.24 | 26.30 |
| GLENMARK | 2416.90 | 37.94 | 68210.88 | 0.10 | 482.83 | 927.88 | 4018.48 | 31.35 | 20.35 | 20.03 |
| ALKEM | 5089.50 | 28.21 | 60852.61 | 1.04 | 520.98 | -22.00 | 3740.15 | 10.95 | 21.28 | 20.47 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,968 | 3,440 | 3,324 | 2,936 | 3,032 | 3,415 | 3,374 | 3,144 | 3,371 | 4,001 | 3,737 | 3,603 | 3,740 | |
| 2,579 | 2,693 | 2,616 | 2,534 | 2,423 | 2,662 | 2,615 | 2,752 | 2,632 | 3,080 | 2,909 | 3,086 | 3,121 | |
| Operating Profit | 389 | 747 | 708 | 402 | 609 | 753 | 759 | 391 | 739 | 921 | 828 | 517 | 619 |
| OPM % | 13.11% | 21.71% | 21.29% | 13.69% | 20.08% | 22.05% | 22.51% | 12.45% | 21.92% | 23.01% | 22.16% | 14.36% | 16.56% |
| 66 | 6 | 42 | 76 | 120 | 134 | 93 | 146 | 149 | 104 | 90 | 65 | 153 | |
| Interest | 30 | 30 | 25 | 27 | 29 | 28 | 36 | 28 | 30 | 35 | 42 | 54 | 47 |
| Depreciation | 72 | 74 | 70 | 83 | 80 | 79 | 85 | 112 | 88 | 94 | 95 | 106 | 100 |
| Profit before Tax | 353 | 648 | 655 | 367 | 619 | 780 | 731 | 396 | 771 | 896 | 781 | 423 | 771 |
| Tax % | 18.43% | 5.12% | 7.73% | 17.11% | 11.16% | 10.04% | 12.35% | 18.50% | 13.32% | 12.97% | 16.34% | 40.48% | 32.47% |
| Net Profit | 0 | 0 | 0 | 0 | 550 | 702 | 641 | 322 | 668 | 779 | 653 | 251 | 521 |
| 23.98 | 51.90 | 49.76 | 24.55 | 45.60 | 57.60 | 52.34 | 25.57 | 55.56 | 63.99 | 53.19 | 19.77 | 43.49 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 5,688 | 6,392 | 7,357 | 8,344 | 8,865 | 10,634 | 11,599 | 12,668 | 12,965 | 14,712 | 15,081 | |
| 4,689 | 5,383 | 6,242 | 6,871 | 6,923 | 8,581 | 9,990 | 10,422 | 10,452 | 11,718 | 12,196 | |
| Operating Profit | 999 | 1,009 | 1,115 | 1,473 | 1,942 | 2,053 | 1,609 | 2,245 | 2,512 | 2,994 | 2,885 |
| OPM % | 17.56% | 15.78% | 15.15% | 17.66% | 21.91% | 19.30% | 13.88% | 17.73% | 19.38% | 20.35% | 19.13% |
| 112 | 115 | 88 | 104 | 233 | 148 | 113 | 189 | 494 | 419 | 412 | |
| Interest | 45 | 55 | 55 | 65 | 59 | 52 | 107 | 112 | 122 | 161 | 178 |
| Depreciation | 101 | 143 | 193 | 253 | 275 | 304 | 310 | 299 | 357 | 382 | 395 |
| Profit before Tax | 965 | 926 | 955 | 1,260 | 1,842 | 1,844 | 1,305 | 2,023 | 2,527 | 2,871 | 2,871 |
| Tax % | 6.22% | 31.05% | 18.96% | 8.77% | 12.18% | 8.89% | 22.84% | 10.46% | 12.31% | 18.03% | 23.18% |
| Net Profit | 905 | 638 | 774 | 1,149 | 1,618 | 1,680 | 1,007 | 1,811 | 2,216 | 2,353 | 2,206 |
| EPS | 74.61 | 52.77 | 63.61 | 94.26 | 132.57 | 137.63 | 82.31 | 150.21 | 181.14 | 192.54 | — |
| Dividend Payout % | 20.10% | 24.63% | 25.15% | 26.52% | 22.63% | 24.70% | 60.74% | 26.63% | 24.84% | 27.53% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 12%
- 5 Years:
- 11%
- 3 Years:
- 8%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 12%
- 5 Years:
- 8%
- 3 Years:
- 33%
STOCK PRICE CAGR
- 10 Years:
- 12%
- 5 Years:
- 6%
- 3 Years:
- 12%
- 1 Year:
- -6%
RETURN ON EQUITY
- 10 Years:
- 18%
- 5 Years:
- 18%
- 3 Years:
- 19%
- Last Year:
- 18%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 |
| Minority Interest | 115 | 122 | 133 | 148 | 181 | 209 | 390 | 402 | 449 | 529 |
| 4,443 | 4,839 | 5,414 | 6,135 | 7,352 | 8,613 | 9,021 | 10,269 | 11,925 | 13,761 | |
| 671 | 1,012 | 957 | 1,711 | 1,742 | 2,654 | 1,552 | 1,739 | 1,687 | 2,380 | |
| Trade Payables | 741 | 961 | 962 | 954 | 1,069 | 1,173 | 1,165 | 1,748 | 1,937 | 2,244 |
| -123 | 53 | 10 | 41 | 43 | 85 | 302 | -122 | -69 | 116 | |
| Total Liabilities | 5,872 | 7,010 | 7,501 | 9,013 | 10,411 | 12,760 | 12,454 | 14,060 | 15,953 | 19,054 |
| 1,797 | 2,284 | 2,530 | 2,908 | 2,793 | 2,902 | 2,683 | 2,873 | 2,852 | 3,871 | |
| Capital Work in Progress | 299 | 381 | 493 | 363 | 393 | 339 | 310 | 148 | 477 | 138 |
| 553 | 444 | 324 | 261 | 333 | 371 | 622 | 484 | 1,846 | 1,869 | |
| 1,206 | 1,442 | 1,500 | 1,819 | 2,312 | 3,006 | 2,608 | 2,661 | 2,922 | 3,333 | |
| 12 | 10 | 14 | 15 | 17 | 16 | 24 | 2,253 | 2,466 | 2,979 | |
| Cash & Bank | 399 | 577 | 662 | 1,092 | 1,990 | 2,579 | 2,617 | 1,579 | 1,563 | 1,733 |
| 1,605 | 1,873 | 1,978 | 2,554 | 2,572 | 3,547 | 3,591 | 4,062 | 3,827 | 5,131 | |
| Total Assets | 5,872 | 7,010 | 7,501 | 9,013 | 10,411 | 12,760 | 12,454 | 14,060 | 15,953 | 19,054 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 735 | 469 | 1,031 | 868 | 1,666 | 1,508 | 1,956 | 1,948 | 1,913 | 1,963 | |
| Cash from Investing | -286 | -357 | -316 | -741 | -999 | -1,435 | 113 | -1,008 | -1,299 | -1,667 |
| Cash from Financing | -138 | 85 | -379 | 79 | -272 | 380 | -1,761 | -1,145 | -811 | -503 |
| 47 | -7 | 84 | -77 | -5 | 55 | 35 | -205 | -197 | -208 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-08 - Alkem Laboratories Limited has informed the Exchange regarding a press release dated September 08, 2026, titled "Press Release Alkem Laboratories Limited launches Renocia Exo , India s first patented Ginsenoside Exosome-based hair growth serum".
2026-08-27 - Alkem Laboratories Limited has informed the Exchange about Intimation under Regulation 30 and 44(3) of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015 ( SEBI LODR Regulations ) - Outcome of the 52nd Annual General Meeting of the Company and Disclosure of voting results thereat.
2026-08-20 - Alkem Laboratories Limited has informed the Exchange about Q1 FY2027 - Earnings Conference Call Transcript
2026-08-17 - Alkem Laboratories Limited has informed the Exchange regarding Proceedings of the meeting of the equity shareholders of the Company and Scrutinizer s Report on e-voting (remote e-voting and e-voting at the Meeting)
2026-08-15 - Alkem Laboratories Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-14 - Alkem Laboratories Limited has informed the Exchange about Link of Recording
2026-08-14 - Alkem Laboratories Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
2026-08-14 - Alkem Laboratories Limited has informed the Exchange about Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended ( SEBI LODR Regulations ).
2026-08-14 - Alkem Laboratories Limited has informed the Exchange about Investor Presentation
News
Recent coverage and analyst commentary for ALKEM
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