Company Valuation: Alkem Laboratories Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 432,909 406,055 590,890 583,680 633,575 653,602 - -
Change - -6.2% 45.52% -1.22% 8.55% 3.16% - -
Enterprise Value (EV) 1 433,805 393,853 587,236 578,678 632,481 640,523 625,544 616,741
Change - -9.21% 49.1% -1.46% 9.3% 1.27% -2.34% -1.41%
P/E 26.3x 41.3x 32.9x 27x 27.5x 28.5x 24.8x 21.4x
PBR 5.01x 4.49x 5.73x 4.87x 4.58x 4.23x 3.74x 3.3x
PEG - -1x 0.4x 1.3x 4.37x -97.74x 1.7x 1.3x
Capitalization / Revenue 4.07x 3.5x 4.66x 4.5x 4.31x 3.91x 3.52x 3.19x
EV / Revenue 4.08x 3.4x 4.64x 4.46x 4.3x 3.84x 3.37x 3.01x
EV / EBITDA 21.1x 24.5x 26.2x 23x 21x 18.7x 15.9x 13.9x
EV / EBIT 24.8x 30.3x 30.2x 26.9x 24.1x 21.5x 18.3x 15.8x
EV / FCF 55.4x 27.1x 33.3x 45.3x 42.8x 62.3x 30.6x 24.2x
FCF Yield 1.81% 3.69% 3% 2.21% 2.33% 1.61% 3.27% 4.14%
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% 0.9% 1.01% 1.16%
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 1 106,342 115,993 126,676 129,645 147,123 166,997 185,721 204,703
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 5,466.50 5,466.50 5,466.50
Nbr of stocks (in thousands) 119,565 119,565 119,565 119,565 119,565 119,565 - -
Announcement Date 13/5/22 19/5/23 29/5/24 29/5/25 28/5/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
28.48x3.84x18.72x0.9% 6.81B
32.78x11.92x24.16x0.6% 1,028B
30.03x6.68x18.7x1.99% 651B
33.38x7.81x16.15x2.6% 466B
19.33x4.72x11.71x2.81% 346B
19.72x5.16x12.79x3.11% 266B
21.26x4.42x12.58x1.99% 259B
24.43x6.42x11.43x2.62% 208B
12.52x4.56x9.46x4.01% 191B
-45.4x6.61x25.81x2.19% 186B
Average 17.65x 6.21x 16.15x 2.28% 360.85B
Weighted average by Cap. 23.69x 7.72x 17.84x 1.99%

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

  1. Stock Market
  2. Stocks
  3. ALKEM Stock
  4. Valuation Alkem Laboratories Limited
-40%: Exceptional extension
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