Company Valuation: Alembic Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 26,410 18,578 15,225 21,482 25,290 18,208
Change - -29.65% -18.05% 41.1% 17.73% -28%
Enterprise Value (EV) 1 26,188 18,308 14,761 21,445 24,852 17,334
Change - -30.09% -19.37% 45.28% 15.89% -30.25%
P/E 7.7x 8.37x 7.99x 8x 8.14x 5.74x
PBR 1.15x 0.74x 0.73x 0.98x 1.08x 0.74x
PEG - -0.2x -0.6x 0.2x 0.5x 2.66x
Capitalization / Revenue 35.9x 23.8x 12x 13.6x 11.4x 7.59x
EV / Revenue 35.6x 23.4x 11.6x 13.6x 11.2x 7.22x
EV / EBITDA 237x 131x 36.6x 37.7x 26.5x 19.2x
EV / EBIT 367x 202x 43.9x 43.7x 29.9x 22.3x
EV / FCF -47.9x -34.2x 181x -171x 394x 83.1x
FCF Yield -2.09% -2.93% 0.55% -0.58% 0.25% 1.2%
Dividend per Share 2 0.2 1.8 2.2 2.4 2.4 2.4
Rate of return 0.19% 2.49% 3.71% 2.87% 2.44% 3.38%
EPS 2 13.35 8.648 7.425 10.46 12.1 12.36
Distribution rate 1.5% 20.8% 29.6% 22.9% 19.8% 19.4%
Net sales 1 735.2 782.2 1,272 1,575 2,219 2,400
EBITDA 1 110.7 139.3 403.3 568.6 937.1 901
EBIT 1 71.28 90.66 336.1 490.2 830.8 777.1
Net income 1 3,428 2,221 1,906 2,686 3,107 3,174
Net Debt 1 -222.2 -270.4 -463.5 -37.08 -438.2 -874
Reference price 2 102.85 72.35 59.29 83.66 98.49 70.91
Nbr of stocks (in thousands) 256,782 256,782 256,782 256,782 256,782 256,782
Announcement Date 7/5/21 8/25/22 7/12/23 7/11/24 7/4/25 7/10/26
1INR in Million2INR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 280M
14.33x4.63x12.44x3.54% 40.79B
18x3.97x15.96x1.36% 28.36B
7.97x1.43x7.89x4.44% 26.64B
5.77x0.77x1.62x8.62% 27.91B
13.83x3.09x14.76x2.53% 26.05B
10.56x2.14x9.09x3.98% 21.24B
7.98x0.88x3.22x2.8% 20.41B
13.17x6.42x16.88x1.65% 19.28B
37x13.59x33.76x3.2% 17.93B
Average 14.29x 4.10x 12.85x 3.57% 22.89B
Weighted average by Cap. 13.70x 3.81x 12.20x 3.67%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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