Company Valuation: Alpa Laboratories Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 757.5 1,467 1,132 1,752 2,180 977.5
Change - 93.61% -22.81% 54.74% 24.44% -55.15%
Enterprise Value (EV) 1 334.5 822.3 346.6 875.6 1,053 -376.2
Change - 145.84% -57.85% 152.61% 20.26% -135.73%
P/E 10.5x 10.4x 9x 10.4x 11.2x 6.51x
PBR 0.7x 1.2x 0.84x 1.15x 1.27x 0.52x
PEG - 0.1x -0.8x 0.3x 0.7x -0.3x
Capitalization / Revenue 0.78x 1.19x 1.22x 1.61x 1.94x 0.92x
EV / Revenue 0.34x 0.67x 0.37x 0.81x 0.94x -0.36x
EV / EBITDA 3.87x 3.83x 4.28x 10.2x 22.4x -11.4x
EV / EBIT 4.52x 4.16x 5.13x 13.2x 42.1x -31.4x
EV / FCF -2.57x 4.89x 5.29x -15.6x 23.7x -3.88x
FCF Yield -38.9% 20.4% 18.9% -6.4% 4.22% -25.8%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 3.444 6.697 5.98 7.973 9.269 7.134
Distribution rate - - - - - -
Net sales 1 975.5 1,230 929.6 1,087 1,125 1,058
EBITDA 1 86.33 214.4 80.91 86.13 47.03 32.9
EBIT 1 74.04 197.8 67.62 66.58 25.01 11.98
Net income 1 72.47 140.9 125.8 167.8 195 150.1
Net Debt 1 -423 -644.3 -785.4 -876.1 -1,127 -1,354
Reference price 2 36.00 69.70 53.80 83.25 103.60 46.46
Nbr of stocks (in thousands) 21,041 21,041 21,041 21,041 21,041 21,041
Announcement Date 6/9/21 3/9/22 5/9/23 4/9/24 4/9/25 7/9/26
1INR in Million2INR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 12.97M
34.18x6.41x22.23x0.92% 46.37B
15.96x1.97x8.77x1.69% 37.26B
28.87x4.1x17.01x0.56% 12.53B
27.25x3.31x17.13x0.93% 11.8B
18.58x3.37x11.75x3.79% 8.97B
15.51x2.06x6.85x3.21% 7.29B
9.18x2.12x5.48x4.84% 7.09B
28.95x3.78x17.59x0.16% 7.01B
Average 22.31x 3.39x 13.35x 2.01% 15.37B
Weighted average by Cap. 24.65x 3.96x 15.11x 1.57%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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