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Alembic Pharmaceuticals Limited (APLLTD) Fair Value & Analysis

Healthcare · IN · Market cap ₹151B

AP Alembic Pharmaceuticals Limited APLLTD · NSE
Price₹797.05
Fair Value₹563.78
Upside-29.3%
Quality52/100
Mixed Growth
Thin margins · 9.2% net margin
Low debt · generates free cash flow
1.54% dividend yield
Mixed vs. peers (8/14)
Narrow moat 43/100
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Evidence: High Range ₹294.01 – ₹802.33 Share as image

Fair value as of: Aug 2, 2026

From 26 valuation models · updated yesterday

Fair value updated Aug 2, 2026, revised from ₹629.38 to ₹563.78 (−10.4%) since Jun 29, 2026. Share price −3.9% over the past month.

A solid business, but screening 29% overvalued on our models.

What matters now

  • The model range is unusually wide (₹294.01 to ₹802.33). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

₹1,234 ₹453.32 Fair Value ₹563.78 Mar 2021 Jul 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 ₹453.32 – ₹1,234 · fair‑value band ₹294.01 – ₹802.33 · the ₹797.05 price screens above the ₹563.78 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Alembic Pharmaceuticals Limited (APLLTD) currently trades at ₹797.05, while our model-based Fair Value estimate is ₹563.78, implying the stock looks roughly 29.3% overvalued today. We read business quality at 52/100 (solid quality), in the Healthcare 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).

Over the trailing twelve months, Alembic Pharmaceuticals Limited generated revenue of ₹73.4B at a net margin of 9.2%. Revenue grew 4.4% year over year. It earns a return on equity of 12.4%. Net debt stands at ₹12.3B. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹294.01 (bear case) to ₹802.33 (bull case); at ₹797.05, the current price sits within that range. The share trades about 27% below its 52-week high and 25% 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 -29%, APLLTD 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 BearBaseBull Evidence
Highest evidence
Growth DCF ₹170.71 ₹289.49 ₹487.26 80
Residual Income ₹266.74 ₹314.83 ₹631.09 76
Rev-Margin DCF ₹303.69 ₹555.06 ₹872.48 74
All 26 models by family
DCF Models
FCF DCF ₹171.17 ₹298.35 ₹514.48 38
Owner Earnings ₹362.15 ₹634.71 ₹1,098 31
5Y Revenue Exit ₹303.69 ₹564.75 ₹921.93 39
5Y EBITDA Exit ₹401.34 ₹762.58 ₹1,217 41
5Y P/E Exit ₹376.71 ₹712.68 ₹1,095 38
10Y Revenue Exit ₹244.55 ₹477.00 ₹836.34 36
10Y EBITDA Exit ₹321.24 ₹620.54 ₹1,079 37
10Y P/E Exit ₹305.03 ₹584.33 ₹979.15 35
Earnings-Based
Graham-Dodd ₹233.43 ₹1,018 ₹1,392 54
Lynch FV ₹262.17 ₹374.52 ₹486.88 50
PEG = 1.0 ₹262.17 ₹374.52 ₹486.88 46
EPV ₹352.92 ₹411.06 ₹461.93 59
Dividend Discount
Gordon GGM ₹101.00 ₹210.00 ₹333.14 70
DDM Multi-Stage ₹101.00 ₹177.08 ₹220.40 61
Multiples
P/E Multiple ₹514.93 ₹686.57 ₹858.21 63
P/S Multiple ₹437.69 ₹583.58 ₹729.48 58
P/B Multiple ₹437.69 ₹583.58 ₹729.48 55
EV/EBIT ₹553.49 ₹736.62 ₹919.74 53
EV/EBITDA ₹558.89 ₹743.82 ₹928.75 54
EV/Revenue ₹374.43 ₹533.14 ₹691.85 43
Asset-Based
NCAV (Graham) ₹144.35 ₹193.43 ₹288.70 50
Growth DCF
Growth DCF ₹170.71 ₹289.49 ₹487.26 80
Rev-Margin DCF ₹303.69 ₹555.06 ₹872.48 74
Economic Profit
Residual Income ₹266.74 ₹314.83 ₹631.09 76
ROIC Compounder ₹379.60 ₹512.19 ₹696.89 72
Growth Earnings
Growth-Adj P/E ₹422.95 ₹604.21 ₹785.47 68

Widest divergence: Growth Earnings (₹604.21) versus Dividend Discount (₹177.08). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) ₹73.4B
Revenue growth (YoY) +4.4%
Net margin 9.2%
Return on equity 12.4%
Free cash flow ₹2.6B FY2026
P/E ratio 22.4
More key figures
Operating margin 7.5%
EPS (TTM) ₹34.33
Dividend yield 1.5%
EPS growth (YoY) +29.2%
Net debt ₹12.3B FY2026

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

Quality Score breakdown

Overall quality 52/100

Of which business quality 55 · Market factors (momentum, volatility) 47

Profitability 55
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 27
Earnings quality: real cash, not paper profit
Fin. Strength 73
Balance sheet, leverage, solvency risk
Investment 57
Disciplined investing over empire-building
Low Volatility 86
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 23
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 Pharmaceuticals Limited, an integrated pharmaceutical company, develops, manufactures, markets, and sells pharmaceutical products in India and internationally.

Full company description

Alembic Pharmaceuticals Limited, an integrated pharmaceutical company, develops, manufactures, markets, and sells pharmaceutical products in India and internationally. The company provides products in various therapeutic areas, such as cardiology, orthopaedics, anti-diabetic, ophthalmology, gynaecology, nephrology, gastrology, urology, dermatology, anti-infective, cold and cough, and animal health; generics formulations in oral solids, oncology oral solids and injectables, general injectables and ophthalmic products, dermatology, and oral suspension; and active pharmaceutical ingredients. It also exports its products. Alembic Pharmaceuticals Limited was founded in 1907 and is headquartered in Vadodara, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Alembic Pharmaceuticals Limited reported revenue of ₹73.4B in FY2026 versus ₹53.1B in FY2022, a compound +8.5%/yr. Reported net income was ₹6.7B in FY2026, compounding +6.7%/yr from FY2022.

Growth Quality 63/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹73.4B
Latest YoY
+10.1%
Avg. growth/yr (3Y)
+9.1%
Avg. growth/yr (5Y)
+6.4%
Avg. growth/yr (16Y)
+12.4%
Revenue +8.5%/yr
FY22 ₹53.1B
FY23 ₹56.5B
FY24 ₹62.3B
FY25 ₹66.7B
FY26 ₹73.4B
Net income +6.7%/yr
FY22 ₹5.2B
FY23 ₹3.4B
FY24 ₹6.2B
FY25 ₹5.8B
FY26 ₹6.7B

APLLTD screens 29% overvalued. Compare with Jiangsu Hengrui Pharmaceuticals Co →

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

Peer Group

Drug Manufacturers - Specialty & Generic · 650 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 52 · Above median
Fair Value upside −29% · Below median
Return on equity (TTM) 12% · Above median
Return on assets 6% · Above median
Net margin (TTM) 9% · Above median
Operating margin (TTM) 8% · Below median
Revenue growth 4% · Above median
Dividend yield (TTM) 1.5% · Below median
Debt / equity 0.02× · Lower than median

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

P/E (TTM) 22.4× · Cheaper than median
P/B 2.66× · Pricier than median
P/S (TTM) 2.06× · Pricier than median
P/FCF 0.6× · Cheaper than median
EV/EBITDA 13.4× · Pricier than median

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 9
FUTURE 22 · sector 20
PAST 49 · sector 20
HEALTH 99 · sector 97
DIVIDEND 31 · sector 33

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 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 Alembic Pharmaceuticals Limited (APLLTD) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of ₹563.78 versus a price of ₹797.05, about −29% (overvalued).
What is the fair value of APLLTD?
Our model-based fair value for Alembic Pharmaceuticals Limited is ₹563.78 (as of Aug 2, 2026), built from audited fundamentals. The current price is ₹797.05.
What is the quality score of APLLTD?
Alembic Pharmaceuticals Limited has a Quality Score of 52/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Alembic Pharmaceuticals Limited (APLLTD)?
Alembic Pharmaceuticals Limited reported trailing-twelve-month revenue of about ₹73.4B (latest available figure, as of Aug 2, 2026).
What is the net profit margin of APLLTD?
The net profit margin of Alembic Pharmaceuticals Limited is about 9.2%, meaning it keeps roughly 9.2% of revenue as net income. Based on the latest reported figures.
Does Alembic Pharmaceuticals Limited pay a dividend?
Alembic Pharmaceuticals Limited currently shows a dividend yield of about 1.54% 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.

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