Alivus Life Sciences Ltd
Alivus Life Sciences Ltd
HealthcareKey Fundamentals
SmallcapPharmaceuticalsHealthcareInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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55 extracted metrics + investor summaries across FY18–FY26.
Tapetide Score
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Technical Indicators
Key Insights
Strengths
2- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 27.4%
Weaknesses
2- The company has delivered a poor sales growth of 6.24% over past five years.
- Company has high debtors of 153 days.
Growth Rate
AI Analysis — Bull vs Bear
Alivus Life Sciences Ltd is a small-cap healthcare company with a market cap of ₹17,192 Cr, trading at a PE of 28.9x and a PB of 5.23x. The company is nearly debt-free with a healthy 5-year ROE averaging around 21%, but revenue growth has been sluggish at a 5-year CAGR of just 6%, while debtor days stand elevated at 153 days.
- The company is almost debt-free, providing financial flexibility and lower interest burden in a rising rate environment
- 5-year average ROE of 21% indicates efficient capital allocation and strong profitability relative to equity deployed
- Last year ROE of 18% remains healthy and well above the cost of equity for most Indian companies
- Stock price CAGR of 53% over the past 1 year reflects strong market re-rating and investor interest
- Consistent dividend payout ratio of 27.4% signals management confidence in cash flow sustainability and shareholder-friendly capital return policy
- TTM profit growth of 25% significantly outpaces TTM sales growth of 8%, suggesting margin expansion and improving operating leverage
- 3-year stock CAGR of 31% indicates sustained wealth creation over a medium-term horizon
- Dividend yield of 0.35% provides a modest income component, uncommon among small-cap healthcare peers
- 5-year compounded sales growth of just 6% is poor for a healthcare company, lagging the broader pharma sector's typical double-digit growth
- Debtor days of 153 days are significantly elevated, tying up working capital and raising collection risk
- PE of 28.9x is demanding given the modest 6% revenue CAGR over 5 years, implying stretched valuations relative to growth
- 3-year compounded profit growth of only 6% suggests the recent TTM profit spike of 25% may not be sustainable
- Price-to-book ratio of 5.23x is rich for a company with single-digit topline growth, leaving limited margin of safety
- TTM sales growth has decelerated to 8% from the already low 5-year CAGR of 6%, showing no clear acceleration trend
- Absence of reported ROCE and EPS data limits visibility into overall capital efficiency and per-share earnings power
- 52-week high and low data are unavailable, making it difficult to assess where the stock trades relative to its recent range
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- PAT up 16%, record EBITDA margin Aug 11
FY26 net profit rose 16% YoY to ₹5,645 million on revenue of ₹25,518 million (up 7%), with EBITDA margin hitting a record 33.6%, driven by non-GPL business and CDMO recovery.
- ₹5 dividend approved at AGM Sep 8
All four resolutions passed at the 15th AGM on Sep 8, including a final dividend of ₹5 per share and director reappointment with overwhelming shareholder support.
- 76% stake in IQGenX Pharma Aug 18
Board approved acquisition of 76% in IQGenX Pharma for ₹9.12 crore to strengthen API and CDMO capabilities. IQGenX reported FY26 turnover of ₹348 lakh; deal closure targeted by Dec 6, 2026.
- FY26 BRSR with BSI assurance Aug 11
Submitted FY26 Business Responsibility & Sustainability Report with 54.4% export contribution and voluntary limited assurance by British Standards Institution on core ESG KPIs.
- Active investor engagement schedule Sep 5
Multiple one-on-one investor meetings scheduled from late Aug through Sep 9 with Breakout Capital, UTI, Kotak MF, Param Capital, Mirae Asset, and Emkay Global across Mumbai in virtual and in-person formats.
- 15th AGM agenda announced Aug 11
AGM scheduled for Sep 8, 2026 with key agenda items including ₹5 final dividend and re-appointment of Hiren Patel as Non-Executive Director.
TL;DR: Alivus Life Sciences is in solid shape — FY26 delivered record EBITDA margins of 33.6% and 16% PAT growth, while the ₹5 dividend signals confidence in cash flows. The IQGenX acquisition adds API/CDMO depth, and heavy institutional investor engagement suggests growing market interest. No material headwinds are visible in recent news; the key watch item is execution on the IQGenX integration and sustaining margin expansion into FY27.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 578 | 595 | 573 | 537 | 589 | 507 | 642 | 650 | 602 | 588 | 673 | 689 | 640 |
| Expenses | 385 | 428 | 400 | 395 | 429 | 373 | 452 | 451 | 430 | 409 | 442 | 475 | 429 |
| Operating Profit | 193 | 167 | 173 | 141 | 159 | 134 | 190 | 198 | 172 | 179 | 231 | 215 | 212 |
| OPM % | 33% | 28% | 30% | 26% | 27% | 27% | 30% | 31% | 29% | 30% | 34% | 31% | 33% |
| Other Income | 2 | 5 | 2 | 3 | 5 | 9 | 10 | 10 | 9 | 15 | -12 | 23 | 22 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 13 | 13 | 13 | 15 | 14 | 15 | 15 | 16 | 17 | 18 | 20 | 20 | 21 |
| PBT | 182 | 159 | 161 | 130 | 150 | 127 | 185 | 191 | 163 | 174 | 198 | 216 | 212 |
| Tax % | 26% | 25% | 26% | 24% | 26% | 25% | 26% | 26% | 25% | 25% | 24% | 25% | 25% |
| Net Profit | 135 | 119 | 119 | 98 | 111 | 95 | 137 | 142 | 122 | 130 | 150 | 163 | 160 |
| EPS in Rs | 11.05 | 9.69 | 9.69 | 7.99 | 9.1 | 7.78 | 11.18 | 11.58 | 9.91 | 10.6 | 12.25 | 13.25 | 13.04 |
Profit & Loss
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0 | 886 | 1,537 | 1,885 | 2,123 | 2,161 | 2,283 | 2,387 | 2,552 | 2,590 |
| Expenses | 0 | 638 | 1,064 | 1,294 | 1,506 | 1,518 | 1,608 | 1,702 | 1,754 | 1,754 |
| Operating Profit | 0 | 248 | 473 | 592 | 617 | 643 | 675 | 684 | 798 | 837 |
| OPM % | -4% | 28% | 31% | 31% | 29% | 30% | 30% | 29% | 31% | 32% |
| Other Income | 0 | 0 | 11 | 0 | 14 | 28 | 11 | 33 | 34 | 48 |
| Interest | 0 | 1 | 34 | 88 | 28 | 1 | 2 | 2 | 5 | 5 |
| Depreciation | 0 | 19 | 29 | 33 | 38 | 42 | 53 | 61 | 75 | 79 |
| PBT | 0 | 228 | 421 | 471 | 565 | 629 | 631 | 654 | 751 | 801 |
| Tax % | 4200% | 14% | 26% | 25% | 26% | 26% | 25% | 26% | 25% | — |
| Net Profit | 0 | 196 | 313 | 352 | 419 | 467 | 471 | 486 | 564 | 603 |
| EPS in Rs | -430 | 998 | 1,597 | 359 | 34.17 | 38.11 | 38.43 | 39.63 | 45.99 | 49.14 |
| Div. Payout % | 0% | 0% | 0% | 0% | 61% | 110% | 59% | 13% | 11% | — |
Balance Sheet
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 2 | 2 | 2 | 25 | 25 | 25 | 25 | 25 |
| Reserves | -1 | 86 | 400 | 751 | 2,030 | 2,114 | 2,308 | 2,793 | 3,308 |
| Borrowings | 0 | 0 | 0 | 0 | 3 | 19 | 17 | 57 | 57 |
| Other Liabilities | 1 | 1,387 | 1,324 | 1,244 | 414 | 545 | 501 | 537 | 594 |
| Total Liabilities | 0 | 1,475 | 1,726 | 1,997 | 2,471 | 2,702 | 2,850 | 3,411 | 3,983 |
| Fixed Assets | 0 | 456 | 546 | 573 | 595 | 781 | 805 | 955 | 1,038 |
| CWIP | 0 | 80 | 11 | 14 | 92 | 62 | 106 | 102 | 284 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 478 | 780 |
| Other Assets | 0 | 939 | 1,169 | 1,410 | 1,784 | 1,860 | 1,939 | 1,877 | 1,881 |
| Total Assets | 0 | 1,475 | 1,726 | 1,997 | 2,471 | 2,702 | 2,850 | 3,411 | 3,983 |
Cash Flow
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating | 0 | 10 | 195 | 388 | 598 | 306 | 414 | 392 | 565 |
| Investing | 0 | -9 | -51 | -69 | -122 | -147 | -116 | -616 | -570 |
| Financing | 0 | 1 | -137 | -214 | -79 | -388 | -279 | -6 | -64 |
| Net Cash Flow | 0 | 2 | 8 | 106 | 397 | -228 | 18 | -230 | -69 |
| Free Cash Flow | 0 | 1 | 144 | 322 | 466 | 143 | 285 | 226 | 259 |
| CFO/OP | 4,800 | 14 | 61 | 84 | 119 | 71 | 85 | 81 | 93 |
Ratios
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 44 | 185 | 152 | 120 | 116 | 136 | 122 | 148 | 153 |
| Inventory Days | 162 | 441 | 227 | 214 | 185 | 224 | 251 | 237 | 246 |
| Days Payable | 41 | 201 | 111 | 92 | 110 | 158 | 139 | 137 | 132 |
| Cash Conversion Cycle | 165 | 424 | 268 | 241 | 190 | 202 | 235 | 248 | 267 |
| Working Capital Days | -2,059 | -186 | -37 | 12 | 149 | 176 | 188 | 201 | 194 |
| ROCE % | — | 529% | 186% | 97% | 42% | 30% | 28% | 25% | 24% |
Documents
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Company Information
Glenmark Life Sciences, a subsidiary of Nirma Limited, a diversified conglomerate with interest in consumer products, cement, chemicals and pharmaceuticals. It is a leading developer and manufacturer of select, high-value, non-commoditized, active pharmaceutical ingredients (APIs) in chronic therapeutic areas. The company further operates in Contract Development and manufacturing operations to offer services to specialty Pharmaceutical companies.
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