Alembic

NSE: ALEMBICLTD · Realty

52W Range₹70 ₹116

Snapshot

Unlock Alembic's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Alembic Limited is a diversified company primarily engaged in the manufacturing of fermentation and chemistry-based active pharmaceutical ingredients (API) and the development of residential and commercial real estate. The company also generates revenue through project management consultancy, property leasing, and the operation of co-generation and wind power plants.

Business Model

The company operates a hybrid business model, generating income through the production and export of pharmaceutical ingredients alongside the development and leasing of real estate assets. Additional revenue streams are derived from providing consultancy services and selling power generated from its renewable and co-generation energy facilities.

  • Co-generation capacity:11 MW
  • Wind power capacity:5 MW

Management Commentary

Management focuses on leveraging its historical expertise in pharmaceutical manufacturing while expanding its footprint in the Indian real estate market. The company continues to balance its industrial operations with property development and energy generation activities.

Growth Outlook

Growth is expected to be driven by the continued expansion of its real estate portfolio and the sustained demand for its API products in both domestic and international markets. The company's diversified asset base provides a buffer against sector-specific volatility.

Key Risks

  • Regulatory Risk. The pharmaceutical business is subject to stringent quality control and environmental regulations that could impact production costs and market access.
  • Real Estate Cyclicality. The company's real estate segment is sensitive to interest rate fluctuations, economic downturns, and changes in urban development policies.
  • Operational Concentration. Reliance on specific manufacturing facilities and power plants exposes the company to risks associated with equipment failure or supply chain disruptions.

Price

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Key Metrics

REVENUE

₹240 Cr

TTM · consolidated

+8.2%YoY

NET PROFIT

₹317 Cr

TTM · consolidated

+2.2%YoY

EPS

₹12.35

TTM · consolidated

+2.1%YoY

RETURN ON EQUITY

13.4%

TTM · consolidated

-0.6 ppYoY

RETURN ON CAPITAL EMPLOYED

6.3%

TTM · consolidated

-0.6 ppYoY

P/E

7.2x

Q4 FY26 · consolidated

7.2 vs 19.7x5Y avg

EV/EBITDA

14.1x

Q4 FY26 · consolidated

14.1 vs 23.3x5Y avg

EBITDA MARGIN

68.1%

TTM · consolidated

-7.9 ppYoY

NET PROFIT MARGIN

111.8%

Q4 FY26 · consolidated

-1.8 ppYoY

DEBT TO EQUITY

0.0x

Q4 FY26 · consolidated

-0.01xYoY

Peers · Realty

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
AlembicALEMBICLTD
1,9787.2514.128.2%68.1%13.4%6.3%-26.0%
Raymond RealtyRAYMONDREL
2,49215.366.5416.6%19.4%20.4%-12.6%
Arvind SmartSp.ARVSMART
2,41527.9618.57-20.9%30.6%16.9%14.6%-10.6%
Raymond LimitedRAYMOND
2,358121.0414.78-36.7%15.1%153.3%-0.3%-13.4%
Ajmera Realty & Infra India LimitedAJMERA
2,0895.9810.5147.8%28.1%12.4%15.0%-86.0%
ArkadeARKADE
1,894474.4513.0919.5%24.6%0.6%0.9%-33.1%

As of Q4 FY26

Financials