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ALKEM Share Price Target

Alkem Laboratories Ltd.
Sector: Pharmaceuticals and health care
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ALKEM Share Price *
2,087.95 +8.6 (0.41%)
* (quote may be delayed)
ALKEM Share Price Forecast - Consensus
No. of reports in last year
5
No. of analysts
3
Average Consensus Forecast
2221.00
Consensus Potential
6.12%

ALKEM Share Price Target - Broker Reports - 2019

HDFC Securities
14-Aug-19
Price @ Call: 1773.72
Target: 2180
BUY
On recovery path. We maintain BUY on ALKEM despite a big miss on our 1QFY20 estimates. Our TP is 2,180 (22x FY21E EPS) with estimates largely unchanged owing to a sharp recovery expected in the next two quarters following a shift in the seasonally strong quarters (from 1Q earlier to 2Q now). With a lower than expected impact of gMycophenolate competition in the US, coupled with the highest top-line growth in India business among large-cap peers (1QFY20), we maintain our FY20/21E revenue estimates for Alkem and model a 13% CAGR over FY19-21E. The profitability, too, is likely to expand by 100-120bps YoY with lower raw material prices and improving business mix. With moderated tax expectations, we model 25% EPS CAGR over FY19-21E. Alkem remains among the fastest-growing companies in the Indian market while its performance in the US also stands out. At CMP, Alkem is available at 18x FY21E EPS. Considering its stable branded business, healthy cashflows (~Rs 8bn annual FCFF over FY20/21E), and reasonable return ratios (22% RoIC in FY21E), we believe this is unjustified.
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Reliance Securities
30-May-19
Price @ Call: 1776.06
Target: 2050
BUY
We expect the stock to command premium over its peers owing to higher exposure to India business. Cutting down our earnings by 21% for FY21E to factor in lower growth in India business and EBITDA margin pressure and rolling over our earnings estimates to FY21E, we maintain our BUY recommendation on the stock with a revised Target Price of Rs2,050.
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Motilal Oswal
27-Mar-19
Price @ Call: 1769
Target: 2170
BUY
We lower ALKEM’s P/E multiple to 22x (from 24x earlier) to factor in the increased competition in the US generics space and gradual downtrend in the domestic formulation industry. We arrive at PT of INR2,170 (from INR2,368 earlier). Based on 23% earnings CAGR expected over FY19-21E and led by healthy performance in the DF segment, enhanced margins in the US generics business, and attractive valuation, we maintain a BUY rating on the stock.
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Motilal Oswal
11-Feb-19
Price @ Call: 1897
Target: 2365
BUY

HDFC Securities
11-Feb-19
Price @ Call: 1897
Target: 2340
BUY

ALKEM Share Price Target - Broker Reports - 2018

HDFC Securities
5-Nov-18
Price @ Call: 1892.69
Target: 2415
BUY

AnandRathi
16-Aug-18
Price @ Call: 2030.33
Target: 2307
BUY

Motilal Oswal
13-Aug-18
Price @ Call: 2071.2
Target: 2475
BUY

HDFC Securities
13-Aug-18
Price @ Call: 2071.2
Target: 2410
BUY

Motilal Oswal
31-May-18
Price @ Call: 1938.05
Target: 2400
BUY

Axis Direct
16-Feb-18
Price @ Call: 2163.83
Target: 2500
BUY

Motilal Oswal
10-Feb-18
Price @ Call: 2154.79
Target: 2500
BUY

Reliance Securities
31-Jan-18
Price @ Call: 2246
Target: 2610
BUY

Angel Broking
4-Jan-18
Price @ Call: 2185
Target: 2341
BUY

ALKEM Share Price Target - Broker Reports - 2017

Motilal Oswal
28-Nov-17
Price @ Call: 1964.36
Target: 2500
BUY

Axis Direct
20-Nov-17
Price @ Call: 1967
Target: 2150
BUY

Angel Broking
9-Oct-17
Price @ Call: 1875.75
Target: 2079
BUY

Axis Direct
21-Aug-17
Price @ Call: 1793
Target: 2000
BUY

Angel Broking
22-Jun-17
Price @ Call: 1870.25
Target: 2161
BUY

Axis Direct
6-Jun-17
Price @ Call: 1933.81
Target: 2100
BUY

Axis Direct
16-Feb-17
Price @ Call: 1985.37
Target: 2100
BUY

HDFC Securities
10-Feb-17
Price @ Call: 1830
Target: 2150
BUY

Angel Broking
3-Jan-17
Price @ Call: 1620
Target: 1989
BUY

ALKEM Share Price Target - Broker Reports - 2016

Motilal Oswal
15-Sep-16
Price @ Call: 1614
Target: 1800
BUY

Axis Direct
18-Aug-16
Price @ Call: 1543.9
Target: 1800
BUY

  • ALKEM - Share Price Target Potential

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    BrokerageTargetPotential
    HDFC Securities2,1804.62%
    Reliance Securities2,050-1.43%
    Motilal Oswal2,1704.18%