Alembic Ltd.

•

₹ 92.731.2%

2026-08-21

alembiclimited.comBSE: 506235NSE: ALEMBICLTD

Market Cap₹ 2,278 Cr.

Current Price₹ 92

High / Low₹ 110 / 70

Stock P/E7.1

Book Value₹ 96

Price to Book0.74

Dividend Yield2.71 %

ROCE6.3 %

ROE5.3 %

Face Value₹ 2

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Real Estate: 80.6% • API: 19.4%

PROS

Company has delivered good profit growth of 55.5% CAGR over last 5 years
Company is almost debt free
Company has consistently been profitable over the last 5 years
Company has delivered good sales growth of 26.7% CAGR over last 5 years
Company comfortably covers its interest (66.3x coverage)
Company generates healthy free cash flow

CONS

A large part of profit comes from other income (49.3% of PBT)
Company has a low return on capital employed of 6.0%
Company has a low return on equity of 5.3% over last 3 years
Operating margins have contracted to 37.6% from 82.2%
Growth is decelerating - 3Y profit CAGR (16.0%) trails the 5Y trend (55.5%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

RealtyRealtyConstruction - Real Estate

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	DLF	667.10	37.14	165128.04	1.20	793.90	-89.59	1280.34	-52.87	6.81	49.68
2.	LODHA	1206.00	29.21	120500.93	0.35	1373.10	103.39	4996.70	43.10	16.89	38.51
3.	PHOENIXLTD	1915.15	53.51	68497.97	0.13	394.51	22.95	1074.94	12.80	13.70	59.77
4.	PRESTIGE	1575.00	59.57	67840.01	0.13	271.40	-12.87	2675.10	15.94	11.51	31.75
5.	OBEROIRLTY	1859.00	25.70	67593.66	0.43	543.51	29.02	1300.89	31.73	17.69	56.75
6.	GODREJPROP	1994.95	37.55	60093.18	0.50	349.38	-41.61	506.17	16.48	8.37	-57.98
7.	ANANTRAJ	631.25	39.26	22717.23	0.16	149.19	18.50	631.40	6.58	12.23	29.53
8.	BRIGADE	586.05	27.51	19120.43	0.26	216.94	37.35	1115.55	-12.93	11.02	32.33
9.	ABREL	1395.75	0.00	15589.92	0.18	-34.59	-27.73	188.85	30.95	-4.54	-30.02
10.	SOBHA	1274.40	59.10	13630.20	0.47	50.85	273.37	1278.15	50.03	6.96	6.07
11.	SIGNATURE	785.75	10.59	11054.40	0.00	-16.53	-148.00	551.99	-36.24	5.56	-8.10
12.	ALEMBICLTD	88.72	7.11	2278.17	2.71	64.89	-89.47	48.74	-2.03	6.28	132.62

Detailed Comparison with:

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
	37	32	39	49	51	53	58	60	50	56	74	60	49
	26	22	28	25	30	33	32	33	30	33	47	40	37
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	3	48	2	2	2	66	4	3	4	65	2	2	6
Interest	0	0	0	0	0	1	1	1	1	1	1	1	1
Depreciation	2	2	3	1	2	3	3	3	3	3	3	3	3
	12	56	11	24	19	82	27	27	20	85	26	18	67
Tax %	13.69%	7.71%	8.82%	12.13%	10.07%	5.52%	4.75%	11.78%	10.01%	10.29%	12.77%	47.89%	2.47%
Net Profit	0	0	0	0	558	1,210	654	684	616	1,285	601	671	65
	2	4	2	3	2	5	3	3	2	5	2	3	0
Equity Capital	51	51	51	51	51	51	51	51	51	51	51	51	51
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	51	51	51	51	51	51	51	51	51	51	51	51	51
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2023

: 37
: 26
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 0
Depreciation: 2
: 12
Tax %: 13.69%
Net Profit: 0
: 2
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 32
: 22
Operating Profit: —
OPM %: —
Other Income: 48
Interest: 0
Depreciation: 2
: 56
Tax %: 7.71%
Net Profit: 0
: 4
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 39
: 28
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 0
Depreciation: 3
: 11
Tax %: 8.82%
Net Profit: 0
: 2
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 49
: 25
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 0
Depreciation: 1
: 24
Tax %: 12.13%
Net Profit: 0
: 3
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 51
: 30
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 0
Depreciation: 2
: 19
Tax %: 10.07%
Net Profit: 558
: 2
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 53
: 33
Operating Profit: —
OPM %: —
Other Income: 66
Interest: 1
Depreciation: 3
: 82
Tax %: 5.52%
Net Profit: 1,210
: 5
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 58
: 32
Operating Profit: —
OPM %: —
Other Income: 4
Interest: 1
Depreciation: 3
: 27
Tax %: 4.75%
Net Profit: 654
: 3
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 60
: 33
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 1
Depreciation: 3
: 27
Tax %: 11.78%
Net Profit: 684
: 3
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 50
: 30
Operating Profit: —
OPM %: —
Other Income: 4
Interest: 1
Depreciation: 3
: 20
Tax %: 10.01%
Net Profit: 616
: 2
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 56
: 33
Operating Profit: —
OPM %: —
Other Income: 65
Interest: 1
Depreciation: 3
: 85
Tax %: 10.29%
Net Profit: 1,285
: 5
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 74
: 47
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 1
Depreciation: 3
: 26
Tax %: 12.77%
Net Profit: 601
: 2
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 60
: 40
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 1
Depreciation: 3
: 18
Tax %: 47.89%
Net Profit: 671
: 3
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 49
: 37
Operating Profit: —
OPM %: —
Other Income: 6
Interest: 1
Depreciation: 3
: 67
Tax %: 2.47%
Net Profit: 65
: 0
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%

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
	147	125	124	74	74	78	127	157	222	240	239
	140	114	106	71	63	64	87	101	128	150	157
Operating Profit	38	48	48	97	21	103	105	112	169	163	—
OPM %	26	38	38	131	29	132	82	71	76	68	—
Other Income	31	37	30	94	11	89	64	55	75	73	75
Interest	0	0	0	0	0	0	0	1	2	2	2
Depreciation	5	4	3	3	4	5	7	8	11	12	13
	27	44	45	93	17	98	87	103	156	149	196
Tax %	-3	5	8	0	19	12	7	10	7	15	11
Net Profit	27	42	41	93	14	86	81	93	145	126	173
EPS	5	6	8	13	13	9	7	10	12	12	—
Dividend Payout %	4	3	2	5	1	21	30	23	20	19	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	118	121	172	236	329	136	110	176	166	191	197
Adjusted EPS	5	6	8	13	13	9	7	10	12	12	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	118	121	172	236	329	136	110	176	166	191	197
Adjusted EPS	5	6	8	13	13	9	7	10	12	12	—

Mar 2017

: 147
: 140
Operating Profit: 38
OPM %: 26
Other Income: 31
Interest: 0
Depreciation: 5
: 27
Tax %: -3
Net Profit: 27
EPS: 5
Dividend Payout %: 4
Minority Interest: 0
Share of Associates: 118
Adjusted EPS: 5
Minority Interest: 0
Share of Associates: 118
Adjusted EPS: 5

Mar 2018

: 125
: 114
Operating Profit: 48
OPM %: 38
Other Income: 37
Interest: 0
Depreciation: 4
: 44
Tax %: 5
Net Profit: 42
EPS: 6
Dividend Payout %: 3
Minority Interest: 0
Share of Associates: 121
Adjusted EPS: 6
Minority Interest: 0
Share of Associates: 121
Adjusted EPS: 6

Mar 2019

: 124
: 106
Operating Profit: 48
OPM %: 38
Other Income: 30
Interest: 0
Depreciation: 3
: 45
Tax %: 8
Net Profit: 41
EPS: 8
Dividend Payout %: 2
Minority Interest: 0
Share of Associates: 172
Adjusted EPS: 8
Minority Interest: 0
Share of Associates: 172
Adjusted EPS: 8

Mar 2020

: 74
: 71
Operating Profit: 97
OPM %: 131
Other Income: 94
Interest: 0
Depreciation: 3
: 93
Tax %: 0
Net Profit: 93
EPS: 13
Dividend Payout %: 5
Minority Interest: 0
Share of Associates: 236
Adjusted EPS: 13
Minority Interest: 0
Share of Associates: 236
Adjusted EPS: 13

Mar 2021

: 74
: 63
Operating Profit: 21
OPM %: 29
Other Income: 11
Interest: 0
Depreciation: 4
: 17
Tax %: 19
Net Profit: 14
EPS: 13
Dividend Payout %: 1
Minority Interest: 0
Share of Associates: 329
Adjusted EPS: 13
Minority Interest: 0
Share of Associates: 329
Adjusted EPS: 13

Mar 2022

: 78
: 64
Operating Profit: 103
OPM %: 132
Other Income: 89
Interest: 0
Depreciation: 5
: 98
Tax %: 12
Net Profit: 86
EPS: 9
Dividend Payout %: 21
Minority Interest: 0
Share of Associates: 136
Adjusted EPS: 9
Minority Interest: 0
Share of Associates: 136
Adjusted EPS: 9

Mar 2023

: 127
: 87
Operating Profit: 105
OPM %: 82
Other Income: 64
Interest: 0
Depreciation: 7
: 87
Tax %: 7
Net Profit: 81
EPS: 7
Dividend Payout %: 30
Minority Interest: 0
Share of Associates: 110
Adjusted EPS: 7
Minority Interest: 0
Share of Associates: 110
Adjusted EPS: 7

Mar 2024

: 157
: 101
Operating Profit: 112
OPM %: 71
Other Income: 55
Interest: 1
Depreciation: 8
: 103
Tax %: 10
Net Profit: 93
EPS: 10
Dividend Payout %: 23
Minority Interest: 0
Share of Associates: 176
Adjusted EPS: 10
Minority Interest: 0
Share of Associates: 176
Adjusted EPS: 10

Mar 2025

: 222
: 128
Operating Profit: 169
OPM %: 76
Other Income: 75
Interest: 2
Depreciation: 11
: 156
Tax %: 7
Net Profit: 145
EPS: 12
Dividend Payout %: 20
Minority Interest: 0
Share of Associates: 166
Adjusted EPS: 12
Minority Interest: 0
Share of Associates: 166
Adjusted EPS: 12

Mar 2026

: 240
: 150
Operating Profit: 163
OPM %: 68
Other Income: 73
Interest: 2
Depreciation: 12
: 149
Tax %: 15
Net Profit: 126
EPS: 12
Dividend Payout %: 19
Minority Interest: 0
Share of Associates: 191
Adjusted EPS: 12
Minority Interest: 0
Share of Associates: 191
Adjusted EPS: 12

TTM

: 239
: 157
Operating Profit: —
OPM %: —
Other Income: 75
Interest: 2
Depreciation: 13
: 196
Tax %: 11
Net Profit: 173
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 197
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 197
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: 6%
5 Years:: 27%
3 Years:: 24%

COMPOUNDED PROFIT GROWTH

10 Years:: 3%
5 Years:: -2%
3 Years:: 19%

STOCK PRICE CAGR

10 Years:: -18%
5 Years:: -34%
3 Years:: 5%
1 Year:: -15%

RETURN ON EQUITY

10 Years:: 4%
5 Years:: 5%
3 Years:: 5%
Last Year:: 5%

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
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	53	53	51	51	51	51	51	51	51	51
	858	1,032	1,157	1,367	2,246	2,445	2,027	2,134	2,287	2,394
	0	0	0	0	0	0	0	0	0	0
Trade Payables	15	16	25	13	18	19	17	31	28	24
	66	57	33	40	94	116	115	118	153	140
Total Liabilities	992	1,159	1,266	1,471	2,409	2,632	2,210	2,335	2,520	2,609
ASSETS	-	-	-	-	-	-	-	-	-	-
	148	132	131	131	134	134	132	131	135	170
Capital Work in Progress	0	32	22	19	37	0	0	1	0	2
	732	913	1,001	1,133	2,047	2,208	1,754	1,786	1,900	1,974
	51	32	35	35	54	87	89	93	99	52
	0	0	0	0	0	0	0	20	30	32
Cash & Bank	2	1	2	59	7	2	2	2	4	3
	59	49	74	94	130	202	234	302	351	376
Total Assets	992	1,159	1,266	1,471	2,409	2,632	2,210	2,335	2,520	2,609
Total Debt	0	0	0	0	0	0	0	9	14	11
Net Working Capital	123	126	50	117	43	76	88	47	94	96
Contingent Liabilities	104	110	44	47	48	40	48	34	32	60
Book Value per Share	34.13	40.66	47.06	55.22	89.45	97.23	80.93	85.11	91.07	95.22
Face Value	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00
Total Debt	0	0	0	0	0	0	0	9	14	11
Net Working Capital	123	126	50	117	43	76	88	47	94	96
Contingent Liabilities	104	110	44	47	48	40	48	34	32	60
Book Value per Share	34.13	40.66	47.06	55.22	89.45	97.23	80.93	85.11	91.07	95.22
Face Value	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00

Mar 2017

Equity Capital: 53
: 858
: 0
Trade Payables: 15
: 66
Total Liabilities: 992
: 148
Capital Work in Progress: 0
: 732
: 51
: 0
Cash & Bank: 2
: 59
Total Assets: 992
Total Debt: 0
Net Working Capital: 123
Contingent Liabilities: 104
Book Value per Share: 34.13
Face Value: 2.00
Total Debt: 0
Net Working Capital: 123
Contingent Liabilities: 104
Book Value per Share: 34.13
Face Value: 2.00

Mar 2018

Equity Capital: 53
: 1,032
: 0
Trade Payables: 16
: 57
Total Liabilities: 1,159
: 132
Capital Work in Progress: 32
: 913
: 32
: 0
Cash & Bank: 1
: 49
Total Assets: 1,159
Total Debt: 0
Net Working Capital: 126
Contingent Liabilities: 110
Book Value per Share: 40.66
Face Value: 2.00
Total Debt: 0
Net Working Capital: 126
Contingent Liabilities: 110
Book Value per Share: 40.66
Face Value: 2.00

Mar 2019

Equity Capital: 51
: 1,157
: 0
Trade Payables: 25
: 33
Total Liabilities: 1,266
: 131
Capital Work in Progress: 22
: 1,001
: 35
: 0
Cash & Bank: 2
: 74
Total Assets: 1,266
Total Debt: 0
Net Working Capital: 50
Contingent Liabilities: 44
Book Value per Share: 47.06
Face Value: 2.00
Total Debt: 0
Net Working Capital: 50
Contingent Liabilities: 44
Book Value per Share: 47.06
Face Value: 2.00

Mar 2020

Equity Capital: 51
: 1,367
: 0
Trade Payables: 13
: 40
Total Liabilities: 1,471
: 131
Capital Work in Progress: 19
: 1,133
: 35
: 0
Cash & Bank: 59
: 94
Total Assets: 1,471
Total Debt: 0
Net Working Capital: 117
Contingent Liabilities: 47
Book Value per Share: 55.22
Face Value: 2.00
Total Debt: 0
Net Working Capital: 117
Contingent Liabilities: 47
Book Value per Share: 55.22
Face Value: 2.00

Mar 2021

Equity Capital: 51
: 2,246
: 0
Trade Payables: 18
: 94
Total Liabilities: 2,409
: 134
Capital Work in Progress: 37
: 2,047
: 54
: 0
Cash & Bank: 7
: 130
Total Assets: 2,409
Total Debt: 0
Net Working Capital: 43
Contingent Liabilities: 48
Book Value per Share: 89.45
Face Value: 2.00
Total Debt: 0
Net Working Capital: 43
Contingent Liabilities: 48
Book Value per Share: 89.45
Face Value: 2.00

Mar 2022

Equity Capital: 51
: 2,445
: 0
Trade Payables: 19
: 116
Total Liabilities: 2,632
: 134
Capital Work in Progress: 0
: 2,208
: 87
: 0
Cash & Bank: 2
: 202
Total Assets: 2,632
Total Debt: 0
Net Working Capital: 76
Contingent Liabilities: 40
Book Value per Share: 97.23
Face Value: 2.00
Total Debt: 0
Net Working Capital: 76
Contingent Liabilities: 40
Book Value per Share: 97.23
Face Value: 2.00

Mar 2023

Equity Capital: 51
: 2,027
: 0
Trade Payables: 17
: 115
Total Liabilities: 2,210
: 132
Capital Work in Progress: 0
: 1,754
: 89
: 0
Cash & Bank: 2
: 234
Total Assets: 2,210
Total Debt: 0
Net Working Capital: 88
Contingent Liabilities: 48
Book Value per Share: 80.93
Face Value: 2.00
Total Debt: 0
Net Working Capital: 88
Contingent Liabilities: 48
Book Value per Share: 80.93
Face Value: 2.00

Mar 2024

Equity Capital: 51
: 2,134
: 0
Trade Payables: 31
: 118
Total Liabilities: 2,335
: 131
Capital Work in Progress: 1
: 1,786
: 93
: 20
Cash & Bank: 2
: 302
Total Assets: 2,335
Total Debt: 9
Net Working Capital: 47
Contingent Liabilities: 34
Book Value per Share: 85.11
Face Value: 2.00
Total Debt: 9
Net Working Capital: 47
Contingent Liabilities: 34
Book Value per Share: 85.11
Face Value: 2.00

Mar 2025

Equity Capital: 51
: 2,287
: 0
Trade Payables: 28
: 153
Total Liabilities: 2,520
: 135
Capital Work in Progress: 0
: 1,900
: 99
: 30
Cash & Bank: 4
: 351
Total Assets: 2,520
Total Debt: 14
Net Working Capital: 94
Contingent Liabilities: 32
Book Value per Share: 91.07
Face Value: 2.00
Total Debt: 14
Net Working Capital: 94
Contingent Liabilities: 32
Book Value per Share: 91.07
Face Value: 2.00

Mar 2026

Equity Capital: 51
: 2,394
: 0
Trade Payables: 24
: 140
Total Liabilities: 2,609
: 170
Capital Work in Progress: 2
: 1,974
: 52
: 32
Cash & Bank: 3
: 376
Total Assets: 2,609
Total Debt: 11
Net Working Capital: 96
Contingent Liabilities: 60
Book Value per Share: 95.22
Face Value: 2.00
Total Debt: 11
Net Working Capital: 96
Contingent Liabilities: 60
Book Value per Share: 95.22
Face Value: 2.00

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
	52	24	22	7	-2	-18	39	23	86	120
Cash from Investing	-47	-22	72	57	-35	19	7	26	-27	-54
Cash from Financing	-5	-3	-92	-6	-15	-6	-46	-48	-58	-68
	-0	-1	1	57	-52	-5	-0	0	1	-1
Free Cash Flow	52	6	22	7	-25	-18	39	21	82	82
OCF / Net Profit	1.88	0.56	0.52	0.07	-0.16	-0.21	0.48	0.24	0.60	0.95
Cumulative 5-Year FCF	0	0	0	0	60	-9	24	24	100	207
OCF / Net Profit	1.88	0.56	0.52	0.07	-0.16	-0.21	0.48	0.24	0.60	0.95
Cumulative 5-Year FCF	0	0	0	0	60	-9	24	24	100	207

Mar 2017

: 52
Cash from Investing: -47
Cash from Financing: -5
: -0
Free Cash Flow: 52
OCF / Net Profit: 1.88
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.88
Cumulative 5-Year FCF: 0

Mar 2018

: 24
Cash from Investing: -22
Cash from Financing: -3
: -1
Free Cash Flow: 6
OCF / Net Profit: 0.56
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.56
Cumulative 5-Year FCF: 0

Mar 2019

: 22
Cash from Investing: 72
Cash from Financing: -92
: 1
Free Cash Flow: 22
OCF / Net Profit: 0.52
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.52
Cumulative 5-Year FCF: 0

Mar 2020

: 7
Cash from Investing: 57
Cash from Financing: -6
: 57
Free Cash Flow: 7
OCF / Net Profit: 0.07
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.07
Cumulative 5-Year FCF: 0

Mar 2021

: -2
Cash from Investing: -35
Cash from Financing: -15
: -52
Free Cash Flow: -25
OCF / Net Profit: -0.16
Cumulative 5-Year FCF: 60
OCF / Net Profit: -0.16
Cumulative 5-Year FCF: 60

Mar 2022

: -18
Cash from Investing: 19
Cash from Financing: -6
: -5
Free Cash Flow: -18
OCF / Net Profit: -0.21
Cumulative 5-Year FCF: -9
OCF / Net Profit: -0.21
Cumulative 5-Year FCF: -9

Mar 2023

: 39
Cash from Investing: 7
Cash from Financing: -46
: -0
Free Cash Flow: 39
OCF / Net Profit: 0.48
Cumulative 5-Year FCF: 24
OCF / Net Profit: 0.48
Cumulative 5-Year FCF: 24

Mar 2024

: 23
Cash from Investing: 26
Cash from Financing: -48
: 0
Free Cash Flow: 21
OCF / Net Profit: 0.24
Cumulative 5-Year FCF: 24
OCF / Net Profit: 0.24
Cumulative 5-Year FCF: 24

Mar 2025

: 86
Cash from Investing: -27
Cash from Financing: -58
: 1
Free Cash Flow: 82
OCF / Net Profit: 0.60
Cumulative 5-Year FCF: 100
OCF / Net Profit: 0.60
Cumulative 5-Year FCF: 100

Mar 2026

: 120
Cash from Investing: -54
Cash from Financing: -68
: -1
Free Cash Flow: 82
OCF / Net Profit: 0.95
Cumulative 5-Year FCF: 207
OCF / Net Profit: 0.95
Cumulative 5-Year FCF: 207

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
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	5.44	6.10	8.30	12.82	13.35	8.65	7.42	10.46	12.10	12.36
Book Value (₹)	34.13	40.66	47.06	55.22	89.45	97.23	80.93	85.11	91.07	95.22
Dividend per Share (₹)	0.20	0.20	0.20	0.60	0.20	1.80	2.20	2.40	2.40	2.40
Cash EPS (₹)	1.22	1.71	1.70	3.75	0.69	3.55	3.40	3.92	6.04	5.39
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	24.63%	37.87%	38.38%	130.78%	29.03%	131.82%	82.20%	36.11%	42.23%	37.56%
Net Margin %	17.97%	32.88%	33.18%	125.85%	18.83%	110.20%	63.36%	58.97%	65.16%	52.47%
ROE %	3.21%	4.18%	3.58%	7.08%	0.75%	3.60%	3.52%	4.36%	6.39%	5.27%
ROCE %	3.12%	4.44%	3.91%	7.12%	0.94%	4.10%	3.82%	4.86%	6.95%	6.28%
	2.94%	3.88%	3.39%	6.80%	0.71%	3.42%	3.33%	4.09%	5.96%	4.91%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	59	67	57	56	57	68	55	50	41	47
Inventory Days	150	119	100	175	223	329	252	210	158	115
Payable Days	59	72	112	217	253	299	163	180	156	124
	150	114	45	13	27	98	144	80	42	38
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.01x	0.00x
Interest Coverage (x)	169.23x	261.78x	207.64x	324.49x	48.08x	252.50x	187.54x	93.63x	63.93x	66.29x
	2.80x	3.14x	2.02x	3.56x	1.72x	2.12x	1.99x	1.49x	1.74x	1.79x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	9.76%	-14.86%	-1.19%	-40.29%	-0.55%	6.39%	62.68%	23.77%	40.89%	8.16%
Operating Profit Growth %	8.28%	27.69%	-1.25%	103.46%	-77.92%	383.10%	1.44%	6.73%	51.03%	-3.07%
Net Profit Growth %	11.20%	51.99%	-1.67%	126.45%	-85.12%	522.73%	-6.47%	15.19%	55.67%	-12.89%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	40.90%	15.66%	2.16%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	8.00x	8.14x	5.74x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.98x	1.08x	0.74x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.87%	2.44%	3.38%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	19.30x	15.06x	11.19x

Mar 2017

EPS (₹): 5.44
Book Value (₹): 34.13
Dividend per Share (₹): 0.20
Cash EPS (₹): 1.22
Operating Margin %: 24.63%
Net Margin %: 17.97%
ROE %: 3.21%
ROCE %: 3.12%
: 2.94%
Debtor Days: 59
Inventory Days: 150
Payable Days: 59
: 150
Debt to Equity (x): 0.00x
Interest Coverage (x): 169.23x
: 2.80x
Revenue Growth %: 9.76%
Operating Profit Growth %: 8.28%
Net Profit Growth %: 11.20%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 6.10
Book Value (₹): 40.66
Dividend per Share (₹): 0.20
Cash EPS (₹): 1.71
Operating Margin %: 37.87%
Net Margin %: 32.88%
ROE %: 4.18%
ROCE %: 4.44%
: 3.88%
Debtor Days: 67
Inventory Days: 119
Payable Days: 72
: 114
Debt to Equity (x): 0.00x
Interest Coverage (x): 261.78x
: 3.14x
Revenue Growth %: -14.86%
Operating Profit Growth %: 27.69%
Net Profit Growth %: 51.99%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): 8.30
Book Value (₹): 47.06
Dividend per Share (₹): 0.20
Cash EPS (₹): 1.70
Operating Margin %: 38.38%
Net Margin %: 33.18%
ROE %: 3.58%
ROCE %: 3.91%
: 3.39%
Debtor Days: 57
Inventory Days: 100
Payable Days: 112
: 45
Debt to Equity (x): 0.00x
Interest Coverage (x): 207.64x
: 2.02x
Revenue Growth %: -1.19%
Operating Profit Growth %: -1.25%
Net Profit Growth %: -1.67%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 12.82
Book Value (₹): 55.22
Dividend per Share (₹): 0.60
Cash EPS (₹): 3.75
Operating Margin %: 130.78%
Net Margin %: 125.85%
ROE %: 7.08%
ROCE %: 7.12%
: 6.80%
Debtor Days: 56
Inventory Days: 175
Payable Days: 217
: 13
Debt to Equity (x): 0.00x
Interest Coverage (x): 324.49x
: 3.56x
Revenue Growth %: -40.29%
Operating Profit Growth %: 103.46%
Net Profit Growth %: 126.45%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 13.35
Book Value (₹): 89.45
Dividend per Share (₹): 0.20
Cash EPS (₹): 0.69
Operating Margin %: 29.03%
Net Margin %: 18.83%
ROE %: 0.75%
ROCE %: 0.94%
: 0.71%
Debtor Days: 57
Inventory Days: 223
Payable Days: 253
: 27
Debt to Equity (x): 0.00x
Interest Coverage (x): 48.08x
: 1.72x
Revenue Growth %: -0.55%
Operating Profit Growth %: -77.92%
Net Profit Growth %: -85.12%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 8.65
Book Value (₹): 97.23
Dividend per Share (₹): 1.80
Cash EPS (₹): 3.55
Operating Margin %: 131.82%
Net Margin %: 110.20%
ROE %: 3.60%
ROCE %: 4.10%
: 3.42%
Debtor Days: 68
Inventory Days: 329
Payable Days: 299
: 98
Debt to Equity (x): 0.00x
Interest Coverage (x): 252.50x
: 2.12x
Revenue Growth %: 6.39%
Operating Profit Growth %: 383.10%
Net Profit Growth %: 522.73%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 7.42
Book Value (₹): 80.93
Dividend per Share (₹): 2.20
Cash EPS (₹): 3.40
Operating Margin %: 82.20%
Net Margin %: 63.36%
ROE %: 3.52%
ROCE %: 3.82%
: 3.33%
Debtor Days: 55
Inventory Days: 252
Payable Days: 163
: 144
Debt to Equity (x): 0.00x
Interest Coverage (x): 187.54x
: 1.99x
Revenue Growth %: 62.68%
Operating Profit Growth %: 1.44%
Net Profit Growth %: -6.47%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 10.46
Book Value (₹): 85.11
Dividend per Share (₹): 2.40
Cash EPS (₹): 3.92
Operating Margin %: 36.11%
Net Margin %: 58.97%
ROE %: 4.36%
ROCE %: 4.86%
: 4.09%
Debtor Days: 50
Inventory Days: 210
Payable Days: 180
: 80
Debt to Equity (x): 0.00x
Interest Coverage (x): 93.63x
: 1.49x
Revenue Growth %: 23.77%
Operating Profit Growth %: 6.73%
Net Profit Growth %: 15.19%
: 40.90%
P/E (x): 8.00x
P/B (x): 0.98x
Dividend Yield %: 2.87%
: 19.30x

Mar 2025

EPS (₹): 12.10
Book Value (₹): 91.07
Dividend per Share (₹): 2.40
Cash EPS (₹): 6.04
Operating Margin %: 42.23%
Net Margin %: 65.16%
ROE %: 6.39%
ROCE %: 6.95%
: 5.96%
Debtor Days: 41
Inventory Days: 158
Payable Days: 156
: 42
Debt to Equity (x): 0.01x
Interest Coverage (x): 63.93x
: 1.74x
Revenue Growth %: 40.89%
Operating Profit Growth %: 51.03%
Net Profit Growth %: 55.67%
: 15.66%
P/E (x): 8.14x
P/B (x): 1.08x
Dividend Yield %: 2.44%
: 15.06x

Mar 2026

EPS (₹): 12.36
Book Value (₹): 95.22
Dividend per Share (₹): 2.40
Cash EPS (₹): 5.39
Operating Margin %: 37.56%
Net Margin %: 52.47%
ROE %: 5.27%
ROCE %: 6.28%
: 4.91%
Debtor Days: 47
Inventory Days: 115
Payable Days: 124
: 38
Debt to Equity (x): 0.00x
Interest Coverage (x): 66.29x
: 1.79x
Revenue Growth %: 8.16%
Operating Profit Growth %: -3.07%
Net Profit Growth %: -12.89%
: 2.16%
P/E (x): 5.74x
P/B (x): 0.74x
Dividend Yield %: 3.38%
: 11.19x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	70.88	70.88	70.88	70.88	70.88	70.88	70.88	70.88	70.88
	1.42	1.97	1.78	1.65	1.50	1.38	1.29	1.25	1.25
	0.04	0.08	0.05	0.04	0.04	0.04	0.04	0.04	0.04
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	27.66	27.08	27.29	27.43	27.58	27.70	27.80	27.83	27.83

Jun 2024

: 70.88
: 1.42
: 0.04
Government: 0.00
: 27.66

Sep 2024

: 70.88
: 1.97
: 0.08
Government: 0.00
: 27.08

Dec 2024

: 70.88
: 1.78
: 0.05
Government: 0.00
: 27.29

Mar 2025

: 70.88
: 1.65
: 0.04
Government: 0.00
: 27.43

Jun 2025

: 70.88
: 1.50
: 0.04
Government: 0.00
: 27.58

Sep 2025

: 70.88
: 1.38
: 0.04
Government: 0.00
: 27.70

Dec 2025

: 70.88
: 1.29
: 0.04
Government: 0.00
: 27.80

Mar 2026

: 70.88
: 1.25
: 0.04
Government: 0.00
: 27.83

Jun 2026

: 70.88
: 1.25
: 0.04
Government: 0.00
: 27.83

Documents

Announcements

Copy of Newspaper Publication
2026-08-12 - Alembic Limited has informed the Exchange about Copy of Newspaper Publication
Shareholders meeting
2026-08-11 - Alembic Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 11, 2026. Further, the company has informed the Exchange regarding voting results.

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

Nothing filed yet.