Alkem Laboratories Ltd.
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ABOUT
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 is almost debt free
- Operating margins have improved to 24.4% from 17.3%
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.00x)
- Company comfortably covers its interest (45.0x coverage)
- Company has a consistent dividend-paying track record
- Company generates healthy free cash flow
CONS
- Promoter holding has decreased over last 2 years: -6.7pp
- Total debt has risen sharply - up 45.3% year on year
- Company has delivered a poor profit growth of 5.3% over past five years
- Recurring exceptional / one-off items are inflating headline profit
- Company has delivered a poor sales growth of 6.0% over past five years
- Effective tax rate is unusually low at 13.4% - earnings may be flattered
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SUNPHARMA | 1868.50 | 37.06 | 448315.74 | 0.86 | 2901.23 | 26.53 | 15299.88 | 10.98 | 19.11 | 28.81 |
| DIVISLAB | 9482.75 | 86.06 | 251737.22 | 0.32 | 902.00 | 65.50 | 3080.00 | 27.80 | 21.51 | 40.75 |
| TORNTPHARM | 4931.90 | 86.01 | 187593.62 | 0.77 | 566.00 | 3.28 | 4921.00 | 57.32 | 19.27 | 33.81 |
| ZYDUSLIFE | 1129.00 | 24.95 | 112618.18 | 0.09 | 990.20 | -34.90 | 8017.00 | 23.97 | 21.39 | 24.54 |
| CIPLA | 1368.00 | 32.79 | 110515.04 | 0.95 | 785.55 | -39.18 | 7119.28 | 4.13 | 16.00 | 16.73 |
| LAURUSLABS | 1933.25 | 95.54 | 104455.86 | 0.10 | 362.07 | 123.94 | 2026.31 | 29.10 | 18.20 | 31.50 |
| AUROPHARMA | 1690.00 | 26.19 | 97238.86 | 0.24 | 1032.03 | 25.22 | 9150.35 | 17.44 | 12.76 | 20.54 |
| LUPIN | 2092.00 | 17.30 | 95660.02 | 0.86 | 1416.98 | 16.01 | 8276.89 | 34.28 | 28.86 | 29.59 |
| DRREDDY | 1143.20 | 29.61 | 95420.61 | 0.70 | 435.60 | -69.10 | 8099.80 | -5.21 | 13.75 | 10.63 |
| MANKIND | 2266.00 | 45.82 | 93596.02 | 0.04 | 574.09 | 29.12 | 4030.59 | 12.89 | 13.24 | 26.30 |
| GLENMARK | 2439.55 | 38.29 | 68850.12 | 0.10 | 482.83 | 927.88 | 4018.48 | 31.35 | 20.35 | 20.03 |
| ALKEM | 5140.00 | 28.48 | 61456.41 | 1.03 | 520.98 | -22.00 | 3740.15 | 10.95 | 21.28 | 20.47 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,253 | 2,635 | 2,009 | 1,868 | 2,127 | 2,355 | 2,287 | 2,045 | 2,372 | 2,542 | 2,491 | 2,258 | 2,668 | |
| 1,919 | 1,980 | 1,517 | 1,560 | 1,566 | 1,714 | 1,629 | 1,748 | 1,752 | 1,771 | 1,802 | 1,914 | 2,006 | |
| Operating Profit | 334 | 655 | 492 | 309 | 561 | 640 | 658 | 297 | 620 | 771 | 689 | 344 | 662 |
| OPM % | 14.81% | 24.85% | 24.51% | 16.52% | 26.39% | 27.19% | 28.77% | 14.51% | 26.16% | 30.32% | 27.67% | 15.23% | 24.81% |
| 65 | 62 | 44 | 71 | 106 | 120 | 169 | 112 | 131 | 101 | 93 | 86 | 137 | |
| Interest | 21 | 19 | 21 | 20 | 21 | 17 | 21 | 17 | 13 | 13 | 16 | 16 | 18 |
| Depreciation | 58 | 59 | 57 | 68 | 63 | 61 | 68 | 92 | 59 | 59 | 61 | 78 | 57 |
| Profit before Tax | 319 | 639 | 459 | 292 | 583 | 682 | 738 | 300 | 680 | 801 | 706 | 336 | 798 |
| Tax % | 14.89% | -1.22% | 0.84% | 10.31% | 6.44% | 5.89% | 8.42% | 24.66% | 8.45% | 9.62% | 11.90% | 35.42% | 28.61% |
| Net Profit | 271 | 647 | 455 | 262 | 546 | 642 | 676 | 226 | 622 | 724 | 622 | 217 | 570 |
| 22.70 | 54.07 | 38.08 | 21.89 | 45.64 | 53.68 | 56.56 | 18.89 | 52.04 | 60.53 | 52.03 | 18.16 | 47.67 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 4,548 | 5,281 | 5,714 | 6,677 | 7,220 | 8,830 | 9,055 | 7,964 | 8,813 | 9,664 | 9,959 | |
| 3,670 | 4,308 | 4,668 | 5,209 | 5,271 | 7,019 | 7,678 | 6,293 | 6,657 | 7,250 | 7,494 | |
| Operating Profit | 878 | 973 | 1,046 | 1,468 | 1,949 | 1,810 | 1,377 | 1,671 | 2,156 | 2,414 | 2,466 |
| OPM % | 19.30% | 18.43% | 18.30% | 21.98% | 26.99% | 20.50% | 15.21% | 20.98% | 24.46% | 24.98% | 24.76% |
| 117 | 101 | 68 | 96 | 177 | 200 | 266 | 242 | 507 | 422 | 418 | |
| Interest | 24 | 32 | 28 | 39 | 43 | 38 | 86 | 80 | 76 | 57 | 62 |
| Depreciation | 76 | 108 | 141 | 187 | 199 | 219 | 230 | 239 | 284 | 257 | 255 |
| Profit before Tax | 894 | 934 | 944 | 1,338 | 1,884 | 1,753 | 1,327 | 1,594 | 2,304 | 2,523 | 2,641 |
| Tax % | 1.26% | 23.38% | 15.27% | 5.50% | 10.57% | 12.10% | 14.51% | 2.11% | 9.28% | 13.38% | 19.25% |
| Net Profit | 883 | 716 | 800 | 1,264 | 1,685 | 1,541 | 1,134 | 1,561 | 2,090 | 2,185 | 2,133 |
| EPS | 73.86 | 59.87 | 66.90 | 105.75 | 140.93 | 128.90 | 94.88 | 130.53 | 174.80 | 182.78 | — |
| Dividend Payout % | 20.30% | 21.71% | 23.91% | 23.64% | 21.28% | 26.37% | 52.69% | 30.64% | 25.74% | 29.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 10%
- 5 Years:
- 6%
- 3 Years:
- 2%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 13%
- 5 Years:
- 6%
- 3 Years:
- 26%
STOCK PRICE CAGR
- 10 Years:
- 12%
- 5 Years:
- 6%
- 3 Years:
- 12%
- 1 Year:
- -3%
RETURN ON EQUITY
- 10 Years:
- 18%
- 5 Years:
- 16%
- 3 Years:
- 17%
- Last Year:
- 17%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 |
| 4,369 | 4,861 | 5,441 | 6,257 | 7,602 | 8,720 | 9,326 | 10,531 | 12,298 | 13,975 | |
| 380 | 557 | 512 | 1,266 | 1,379 | 2,290 | 1,178 | 1,088 | 521 | 717 | |
| Trade Payables | 685 | 819 | 754 | 812 | 953 | 1,111 | 1,076 | 1,571 | 1,464 | 1,476 |
| -150 | -25 | -76 | -72 | -140 | -24 | 42 | -463 | -140 | -453 | |
| Total Liabilities | 5,307 | 6,236 | 6,656 | 8,287 | 9,818 | 12,120 | 11,646 | 12,751 | 14,166 | 15,739 |
| 1,126 | 1,471 | 1,606 | 1,837 | 1,758 | 1,882 | 1,825 | 1,782 | 1,591 | 1,550 | |
| Capital Work in Progress | 218 | 299 | 382 | 314 | 323 | 232 | 185 | 50 | 46 | 86 |
| 1,518 | 1,544 | 1,696 | 1,956 | 2,152 | 2,529 | 3,006 | 2,829 | 4,407 | 5,552 | |
| 859 | 1,024 | 991 | 1,093 | 1,513 | 1,976 | 1,725 | 1,850 | 1,523 | 1,632 | |
| 10 | 7 | 9 | 11 | 12 | 12 | 12 | 1,754 | 1,560 | 1,567 | |
| Cash & Bank | 199 | 278 | 398 | 766 | 1,673 | 2,297 | 2,164 | 1,066 | 1,056 | 1,289 |
| 1,378 | 1,612 | 1,573 | 2,311 | 2,386 | 3,192 | 2,730 | 3,421 | 3,984 | 4,063 | |
| Total Assets | 5,307 | 6,236 | 6,656 | 8,287 | 9,818 | 12,120 | 11,646 | 12,751 | 14,166 | 15,739 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 704 | 500 | 950 | 916 | 1,646 | 1,634 | 1,662 | 1,687 | 2,189 | 1,969 | |
| Cash from Investing | -362 | -273 | -313 | -995 | -1,121 | -1,669 | 197 | -866 | -1,007 | -1,461 |
| Cash from Financing | -125 | -60 | -276 | 173 | -209 | 437 | -1,711 | -959 | -1,037 | -673 |
| 13 | -15 | 156 | -141 | -5 | 67 | -77 | -138 | 145 | -165 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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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