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Alpa Laboratories Limited (ALPA) Fair Value & Analysis

Healthcare · IN · Market cap ₹1.4B

AL Alpa Laboratories Limited ALPA · NSE
Price₹67.17
Fair Value₹73.68
Upside+9.7%
Quality48/100
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Weak Growth
Solidly profitable · 14.2% net margin
Low debt · generates free cash flow
Ranks above peers (9/13)
Moderate moat 46/100
Evidence: High Range ₹48.63 – ₹92.10 Share as image

Fair value as of: Aug 2, 2026

From 23 valuation models · updated 11 days ago

Share price −2.5% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (₹48.63 to ₹92.10) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹139.20 ₹46.46 Fair Value ₹73.68 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 ₹46.46 – ₹139.20 · fair‑value band ₹48.63 – ₹92.10 · the ₹67.17 price screens below the ₹73.68 fair value. Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Alpa Laboratories Limited (ALPA) currently trades at ₹67.17, while our model-based Fair Value estimate is ₹73.68, implying the stock looks roughly 9.7% fairly valued today. The Quality Score stands at 48/100 (below-average quality), in the Healthcare sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Alpa Laboratories Limited generated revenue of ₹1.1B at a net margin of 14.2%. Revenue declined 21.4% year over year. It earns a return on equity of 8.4%. The balance sheet holds a net cash position of ₹3.3M. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹48.63 (bear case) to ₹92.10 (bull case); at ₹67.17, the current price sits within 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 38% below its 52-week high and 46% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -49% fair-value upside, at 10%, ALPA screens cheaper 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 ₹37.69 ₹49.07 ₹62.56 80
Rev-Margin DCF ₹19.02 ₹23.27 ₹28.17 74
ROIC Compounder ₹3.63 ₹3.94 ₹4.20 72
All 23 models by family
DCF Models
FCF DCF ₹37.09 ₹49.62 ₹65.16 38
Owner Earnings ₹56.74 ₹76.16 ₹100.25 31
5Y Revenue Exit ₹19.02 ₹22.50 ₹26.26 39
5Y EBITDA Exit ₹24.57 ₹32.37 ₹40.75 41
5Y P/E Exit ₹76.27 ₹124.35 ₹172.49 38
10Y Revenue Exit ₹26.28 ₹30.68 ₹35.36 36
10Y EBITDA Exit ₹29.58 ₹36.78 ₹45.01 37
10Y P/E Exit ₹59.13 ₹93.60 ₹132.72 35
Earnings-Based
Graham-Dodd ₹48.51 ₹114.95 ₹148.11 54
PEG = 1.0 ₹19.92 ₹28.46 ₹37.00 46
EPV ₹3.63 ₹3.94 ₹4.20 59
Multiples
P/E Multiple ₹117.71 ₹156.94 ₹196.18 63
P/S Multiple ₹90.96 ₹121.27 ₹151.59 58
P/B Multiple ₹90.96 ₹121.27 ₹151.59 55
EV/EBIT ₹8.61 ₹11.03 ₹13.45 53
EV/EBITDA ₹17.77 ₹23.24 ₹28.71 54
EV/Revenue ₹6.53 ₹8.75 ₹10.97 43
Asset-Based
NCAV (Graham) ₹44.27 ₹59.32 ₹88.53 50
Growth DCF
Growth DCF ₹37.69 ₹49.07 ₹62.56 80
Rev-Margin DCF ₹19.02 ₹23.27 ₹28.17 74
Economic Profit
Residual Income ₹69.42 ₹72.71 ₹76.48 61
ROIC Compounder ₹3.63 ₹3.94 ₹4.20 72
Growth Earnings
Growth-Adj P/E ₹89.02 ₹127.17 ₹165.31 68

Widest divergence: Growth Earnings (₹127.17) versus Economic Profit (₹3.94). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹1.1B
Revenue growth (YoY) -21.4%
Net margin 14.2%
Return on equity 8.4%
Free cash flow ₹84.8M FY2026
P/E ratio 9.6
More key figures
Operating margin 10.8%
EPS (TTM) ₹7.13
EPS growth (YoY) -78.7%
Net cash ₹3.3M FY2026

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

Quality Score breakdown

Overall quality 48/100

Of which business quality 49 · Market factors (momentum, volatility) 32

Profitability 37
Margins and returns on capital today
Quality Growth 9
Are margins and returns improving?
Cashflow 42
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 56
Disciplined investing over empire-building
Low Volatility 52
Calm price path (market factor)
Momentum 26
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

Alpa Laboratories Limited engages in the manufacture and sale of drugs and chemicals in India. It provides formulations that address various therapeutic segments. The company was incorporated in 1988 and is based in Indore, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Alpa Laboratories Limited reported revenue of ₹1.1B in FY2026 versus ₹1.1B in FY2022, a compound −1.1%/yr. Reported net income was ₹150M in FY2026, compounding +1.6%/yr from FY2022.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
₹1.1B
Latest YoY
−5.9%
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.
+4.6%
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.
+1.9%
Avg. growth/yr (24Y) 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.
+7.3%
Revenue −1.1%/yr
FY22 ₹1.1B
FY23 ₹924M
FY24 ₹1.1B
FY25 ₹1.1B
FY26 ₹1.1B
Net income +1.6%/yr
FY22 ₹141M
FY23 ₹126M
FY24 ₹168M
FY25 ₹195M
FY26 ₹150M
Character of growth · EPS growth decomposed (2016-2026) +16.5 % p.a.
Revenue per share +7.7 pp

of which total revenue +7.7 pp · buybacks/dilution +0.0 pp

EBIT margin −15.0 pp
Tax rate +3.5 pp
Residual (interest, one-offs) +20.3 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).

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Cite: Fair Value Calculator (2026). "Alpa Laboratories Limited Fair Value". https://www.fairvalue-calculator.com/stock/ALPA

Peer Group

Drug Manufacturers - Specialty & Generic · 623 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 48 · Below median
Fair Value upside +10% · Above median
Return on equity (TTM) 8% · Above median
Return on assets 0% · Below median
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 11% · Above median
Revenue growth -21% · Bottom 25%

Valuation Multiples vs Drug Manufacturers - Specialty & Generic median · lower = cheaper

P/E (TTM) 9.6× · Cheaper than 75% of peers
P/B 0.77× · Cheaper than 75% of peers
P/S (TTM) 1.36× · Cheaper than median
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 42.9× · 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 46 · sector 5
FUTURE 0 · sector 21
PAST 34 · sector 24
HEALTH 100 · sector 97
DIVIDEND 0 · sector 34

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 Drug Manufacturers - Specialty & Generic stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
Jiangsu Hengrui Pharmaceuticals Co 600276 ¥53.19 ¥25.94 -51%
Sun Pharmaceutical Industries Limited SUNPHARMA ₹1,933 ₹989.50 -49%
Divi's Laboratories Limited DIVISLAB ₹7,316 ₹1,943 -73%
Torrent Pharmaceuticals Limited TORNTPHARM ₹4,763 ₹1,329 -72%
PharmaEssentia Corporation 6446 1,285 TWD 221.01 TWD -83%
Cipla Limited CIPLA ₹1,439 ₹1,001 -30%
Zydus Lifesciences Limited ZYDUSLIFE ₹1,151 ₹703.32 -39%
Lupin Limited LUPIN ₹2,443 ₹2,477 +1%
Mankind Pharma Limited MANKIND ₹2,484 ₹983.11 -60%
Dr. Reddy's Laboratories Limited DRREDDY ₹1,211 ₹874.79 -28%

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Frequently asked questions

Is Alpa Laboratories Limited (ALPA) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of ₹73.68 versus a price of ₹67.17, about +10% (fairly valued).
What is the fair value of ALPA?
Our model-based fair value for Alpa Laboratories Limited is ₹73.68 (as of Aug 2, 2026), built from audited fundamentals. The current price is ₹67.17.
What is the quality score of ALPA?
Alpa Laboratories Limited has a Quality Score of 48/100. 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 Alpa Laboratories Limited (ALPA)?
Alpa Laboratories Limited reported trailing-twelve-month revenue of about ₹1.1B (latest available figure, as of Aug 2, 2026).
What is the net profit margin of ALPA?
The net profit margin of Alpa Laboratories Limited is about 14.2%, meaning it keeps roughly 14.2% of revenue as net income. Based on the latest reported figures.

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.

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