Alembic Pharmaceuticals Ltd share started its trading session today at a price of Rs 479.40 and currently trades at Rs 501.90 showing a gain of around 7 percent as compared to the previous closing price of Rs 468.65. The share observed a hike of around 8.7 percent with an intra-day high of Rs 509.40. 

Such a sharp movement in the share price is witnessed after the company announced that it has received final approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Brimonidine Tartrate Ophthalmic Solution. 

The solution is an alpha-adrenergic receptor agonist which is mainly indicated for the reduction of elevated intraocular pressure (IOP) with open-angle glaucoma or ocular hypertension. 


Alembic Pharmaceuticals Ltd, headquartered in India, is a specialty and generic drug manufacturing company focusing on the manufacturing and marketing of generic pharmaceutical products across the globe. Alembic’s state-of-the-art research and manufacturing facilities are approved by regulatory authorities of many developed countries including the USFDA. 

The company also operates a branded formulation business which covers a range of therapeutic areas such as dermatology, oncology, ophthalmology, and injectable formulations. 

Having a quick glance at the financials, the revenues show decent improvement in the numbers reported on a QoQ basis. It moved from Rs 1,475 crores in Q2 to 1,509 crores in Q3. Moreover, the net profits of the company somewhat remained flat at around Rs 135 crores. 

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The profitability ratios represent a different picture with reducing ROE and ROCE ratios. ROE moved down from 26.91 percent in FY20-21 to 10.01 percent in FY21-22. ROCE numbers shifted from 26.28 percent in FY20-21 to 11.16 percent in FY21-22. 

As compared to the leverage ratios in FY19-20, the company is in a comparatively better position with a drastic reduction in numbers to around 0.12 during the latest financial year. 

Written by Amit Madnani

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