Company Valuation: Alkem Laboratories Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 432,909 406,055 590,890 583,680 633,575 620,542 - -
Change - -6.2% 45.52% -1.22% 8.55% -2.06% - -
Enterprise Value (EV) 1 433,805 393,853 587,236 578,678 632,481 607,463 592,484 583,681
Change - -9.21% 49.1% -1.46% 9.3% -3.96% -2.47% -1.49%
P/E 26.3x 41.3x 32.9x 27x 27.5x 27x 23.5x 20.3x
PBR 5.01x 4.49x 5.73x 4.87x 4.58x 4.02x 3.55x 3.13x
PEG - -1x 0.4x 1.3x 4.37x -92.59x 1.6x 1.3x
Capitalization / Revenue 4.07x 3.5x 4.66x 4.5x 4.31x 3.72x 3.34x 3.03x
EV / Revenue 4.08x 3.4x 4.64x 4.46x 4.3x 3.64x 3.19x 2.85x
EV / EBITDA 21.1x 24.5x 26.2x 23x 21x 17.8x 15.1x 13.2x
EV / EBIT 24.8x 30.3x 30.2x 26.9x 24.1x 20.4x 17.3x 14.9x
EV / FCF 55.4x 27.1x 33.3x 45.3x 42.8x 59x 29x 22.9x
FCF Yield 1.81% 3.69% 3% 2.21% 2.33% 1.69% 3.45% 4.37%
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% 0.95% 1.07% 1.22%
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 5,190.00 5,190.00 5,190.00
Nbr of stocks (in thousands) 119,565 119,565 119,565 119,565 119,565 119,565 - -
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
27.04x3.64x17.76x0.95% 6.57B
32.72x11.9x24.26x0.6% 1,024B
30.62x - - 1.95% 663B
32.73x7.6x15.8x2.67% 453B
19.89x4.73x11.71x2.8% 352B
22.72x5.84x14.51x2.7% 304B
20.87x4.29x12.24x2.06% 252B
27.66x7.14x13.15x2.31% 236B
13.33x4.82x10.06x3.78% 206B
-46.14x6.65x25.95x2.18% 187B
Average 18.14x 6.29x 16.16x 2.2% 368.49B
Weighted average by Cap. 24.06x 7.98x 17.80x 1.95%

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