EN DE

Alembic Limited (ALEMBICLTD) Fair Value & Analysis

Real Estate · IN · Market cap ₹23.5B

AL Alembic Limited ALEMBICLTD · NSE
Price₹84.79
Fair Value₹60.75
Upside-28.4%
Quality57/100
Watch Alembic Limited for free, get notified when fair value or trend changes. Watch for free
Expensive Growth
Highly profitable · 132.3% net margin
Low debt · generates free cash flow
2.60% dividend yield
Ranks above peers (10/14)
Narrow moat 41/100
Evidence: High Range ₹45.56 – ₹75.94 Share as image

Fair value as of: Aug 2, 2026

From 16 valuation models · updated 11 days ago

Share price −5.6% over the past month.

A solid business, but screening 28% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹75.94). The favourable scenario is already priced in.
  • Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

₹160.72 ₹52.70 Fair Value ₹60.75 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

60‑month range ₹52.70 – ₹160.72 · fair‑value band ₹45.56 – ₹75.94 · the ₹84.79 price screens above the ₹60.75 fair value. Dashed = 300-day average. As of Aug 2, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Alembic Limited (ALEMBICLTD) currently trades at ₹84.79, while our model-based Fair Value estimate is ₹60.75, implying the stock looks roughly 28.4% overvalued today. The Quality Score stands at 57/100 (solid quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Trailing-twelve-month revenue stands at ₹2.4B. Revenue declined 0.4% year over year. It earns a return on equity of 13.3%. Net debt stands at ₹73.6M. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹45.56 (bear case) to ₹75.94 (bull case); at ₹84.79, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 31% below its 52-week high and 20% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 0% fair-value upside, at -28%, ALEMBICLTD screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹45.26 ₹63.89 ₹89.46 80
Residual Income ₹90.38 ₹111.80 ₹264.14 76
Rev-Margin DCF ₹32.43 ₹47.55 ₹64.06 74
All 16 models by family
DCF Models
FCF DCF ₹44.03 ₹64.19 ₹93.15 38
5Y Revenue Exit ₹32.43 ₹46.96 ₹64.66 39
5Y EBITDA Exit ₹40.98 ₹62.27 ₹86.00 41
10Y Revenue Exit ₹35.55 ₹49.40 ₹66.27 36
10Y EBITDA Exit ₹41.71 ₹59.78 ₹81.91 37
Dividend Discount
Gordon GGM ₹21.96 ₹39.62 ₹62.64 70
DDM Multi-Stage ₹21.96 ₹32.92 ₹44.91 61
Multiples
P/S Multiple ₹45.56 ₹60.75 ₹75.94 58
P/B Multiple ₹142.83 ₹190.44 ₹238.05 55
EV/EBIT ₹50.04 ₹66.76 ₹83.48 53
EV/EBITDA ₹44.79 ₹59.76 ₹74.73 54
EV/Revenue ₹27.54 ₹39.39 ₹51.25 43
Asset-Based
NCAV (Graham) ₹47.61 ₹63.80 ₹95.22 50
Growth DCF
Growth DCF ₹45.26 ₹63.89 ₹89.46 80
Rev-Margin DCF ₹32.43 ₹47.55 ₹64.06 74
Economic Profit
Residual Income ₹90.38 ₹111.80 ₹264.14 76

Widest divergence: Economic Profit (₹111.80) versus Dividend Discount (₹32.92). Highest evidence: Growth DCF (80).

Notify me when ALEMBICLTD reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) ₹2.4B
Revenue growth (YoY) -0.4%
Net margin 132%
Return on equity 13.3%
Free cash flow ₹1.1B FY2026
P/E ratio 7.4
More key figures
Operating margin 28.1%
EPS (TTM) ₹12.36
Dividend yield 2.6%
EPS growth (YoY) -2.2%
Net debt ₹73.6M FY2026

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 58 · Market factors (momentum, volatility) 39

Profitability 47
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 61
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 48
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 17
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Alembic Limited engages in real estate business in India and internationally. It operates through Active Pharmaceutical Ingredient (API) and Real Estate segments. The company constructs residential and commercial real estate projects; provides project management and marketing consultancy services; and leases commercial properties.

Full company description

Alembic Limited engages in real estate business in India and internationally. It operates through Active Pharmaceutical Ingredient (API) and Real Estate segments. The company constructs residential and commercial real estate projects; provides project management and marketing consultancy services; and leases commercial properties. It also manufactures and markets fermentation and chemistry based active pharmaceutical ingredient; and engages in research and development activities. In addition, it is involved in power generation through co-generation plants and wind power sources. The company serves individuals, entrepreneurs, corporates, business houses, HNIs, NRIs, and pharmaceutical companies. The company was incorporated in 1907 and is based in Vadodara, India. Alembic Limited is a subsidiary of Nirayu Pvt. Ltd.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Alembic Limited reported revenue of ₹2.4B in FY2026 versus ₹714M in FY2022, a compound +35.4%/yr. Reported net income was ₹3.2B in FY2026, compounding +9.3%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹2.4B
Latest YoY
+8.2%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+26.6%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+28.7%
Avg. growth/yr (22Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−3.8%
Revenue +35.4%/yr
FY22 ₹714M
FY23 ₹1.2B
FY24 ₹1.6B
FY25 ₹2.2B
FY26 ₹2.4B
Net income +9.3%/yr
FY22 ₹2.2B
FY23 ₹1.9B
FY24 ₹2.7B
FY25 ₹3.1B
FY26 ₹3.2B
Character of growth · EPS growth decomposed (2015-2026) +7.5 % p.a.
Revenue per share +5.4 pp

of which total revenue +4.9 pp · buybacks/dilution +0.5 pp

EBIT margin +23.4 pp
Tax rate −0.5 pp
Residual (interest, one-offs) −20.7 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

ALEMBICLTD screens 28% overvalued. Compare with Vinhomes Joint Stock Company →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Alembic Limited Fair Value". https://www.fairvalue-calculator.com/stock/ALEMBICLTD

Peer Group

Real Estate - Development · 586 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 56 · Top 25%
Fair Value upside −28% · Below median
Return on equity (TTM) 13% · Top 25%
Return on assets 2% · Above median
Net margin (TTM) 132% · Top 25%
Operating margin (TTM) 28% · Top 25%
Revenue growth -0% · Above median
Dividend yield (TTM) 2.6% · Above median
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/E (TTM) 7.4× · Cheaper than median
P/B 0.96× · Pricier than median
P/S (TTM) 9.79× · Pricier than 75% of peers
P/FCF 0.2× · Cheaper than median
EV/EBITDA 26.0× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 50
FUTURE 0 · sector 0
PAST 53 · sector 10
HEALTH 100 · sector 84
DIVIDEND 52 · sector 38

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
Vinhomes Joint Stock Company VHM 147,000 VND 147,415 VND +0%
DLF Limited DLF ₹657.75 ₹159.49 -76%
Lodha Developers Limited LODHA ₹1,188 ₹583.43 -51%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,125 IDR 1,330 IDR -78%
Oberoi Realty Limited OBEROIRLTY ₹1,925 ₹1,183 -39%
Godrej Properties Limited GODREJPROP ₹2,102 ₹1,044 -50%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 555.00 IDR 1,388 IDR +150%
PT Sentul City Tbk, BKSL 64.00 IDR 84.16 IDR +32%
PT Ciputra Development Tbk, CTRA 555.00 IDR 1,388 IDR +150%

Compare Alembic Limited with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Real Estate stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Alembic Limited (ALEMBICLTD) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of ₹60.75 versus a price of ₹84.79, about −28% (overvalued).
What is the fair value of ALEMBICLTD?
Our model-based fair value for Alembic Limited is ₹60.75 (as of Aug 2, 2026), built from audited fundamentals. The current price is ₹84.79.
What is the quality score of ALEMBICLTD?
Alembic Limited has a Quality Score of 57/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Alembic Limited (ALEMBICLTD)?
Alembic Limited reported trailing-twelve-month revenue of about ₹2.4B (latest available figure, as of Aug 2, 2026).
What is the net profit margin of ALEMBICLTD?
The net profit margin of Alembic Limited is about 132.3%, meaning it keeps roughly 132.3% of revenue as net income. Based on the latest reported figures.
Does Alembic Limited pay a dividend?
Alembic Limited currently shows a dividend yield of about 2.60% relative to its recent price (as of Aug 2, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track Alembic Limited and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.