Company Valuation: Alkem Laboratories Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 4,32,909 4,06,055 5,90,890 5,83,680 6,33,575 6,45,651 - -
Change - -6.2% 45.52% -1.22% 8.55% 1.91% - -
Enterprise Value (EV) 1 4,33,805 3,93,853 5,87,236 5,78,678 6,32,481 6,32,572 6,17,593 6,08,790
Change - -9.21% 49.1% -1.46% 9.3% 0.01% -2.37% -1.43%
P/E 26.3x 41.3x 32.9x 27x 27.5x 28.1x 24.5x 21.1x
PBR 5.01x 4.49x 5.73x 4.87x 4.58x 4.18x 3.69x 3.26x
PEG - -1x 0.4x 1.3x 4.37x -96.36x 1.6x 1.3x
Capitalization / Revenue 4.07x 3.5x 4.66x 4.5x 4.31x 3.87x 3.48x 3.15x
EV / Revenue 4.08x 3.4x 4.64x 4.46x 4.3x 3.79x 3.33x 2.97x
EV / EBITDA 21.1x 24.5x 26.2x 23x 21x 18.5x 15.7x 13.7x
EV / EBIT 24.8x 30.3x 30.2x 26.9x 24.1x 21.3x 18x 15.6x
EV / FCF 55.4x 27.1x 33.3x 45.3x 42.8x 61.5x 30.2x 23.8x
FCF Yield 1.81% 3.69% 3% 2.21% 2.33% 1.63% 3.31% 4.19%
Dividend per Share 2 34 25 40 45 53 49.33 55.28 63.37
Rate of return 0.94% 0.74% 0.81% 0.92% 1% 0.91% 1.02% 1.17%
EPS 2 137.6 82.31 150.2 181.1 192.5 191.9 220.7 256
Distribution rate 24.7% 30.4% 26.6% 24.8% 27.5% 25.7% 25% 24.8%
Net sales 1 1,06,342 1,15,993 1,26,676 1,29,645 1,47,123 1,66,997 1,85,721 2,04,703
EBITDA 1 20,529 16,094 22,455 25,122 30,052 34,213 39,286 44,365
EBIT 1 17,490 12,990 19,462 21,550 26,232 29,727 34,232 39,074
Net income 1 16,456 9,842 17,958 21,655 23,018 23,143 27,153 31,030
Net Debt 1 896.1 -12,202 -3,654 -5,003 -1,094 -13,079 -28,058 -36,861
Reference price 2 3,620.70 3,396.10 4,942.00 4,881.70 5,299.00 5,400.00 5,400.00 5,400.00
Nbr of stocks (in thousands) 1,19,565 1,19,565 1,19,565 1,19,565 1,19,565 1,19,565 - -
Announcement Date 13/05/22 19/05/23 29/05/24 29/05/25 28/05/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
35.74x12.95x26.26x0.55% 1,11900Cr
30.06x - - 1.99% 65TCr
33.82x7.82x16.26x2.59% 47TCr
20.93x4.96x12.28x2.66% 37TCr
22.59x5.81x14.4x2.75% 30TCr
21.46x4.4x12.56x2% 26TCr
27.79x7.17x12.73x2.3% 24TCr
13.71x4.87x10.23x3.75% 21TCr
-44.65x6.45x25.18x2.26% 18TCr
Average 17.94x 6.80x 16.24x 2.32% 42.22TCr
Weighted average by Cap. 25.52x 8.51x 18.71x 1.9%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  5. Valuation Alkem Laboratories Limited