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Alkem Labs - Long Term Story Intact: Dolat Capital Re-Initiates Coverage

Alkem Labs - Long Term Story Intact: Dolat Capital Re-Initiates Coverage

<div class="paragraphs"><p>Capsules cascading down during manufacturing process. (Source: pxhere.com)</p></div>
Capsules cascading down during manufacturing process. (Source: pxhere.com)

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Dolat Capital Report

We like Alkem Laboratories Ltd. for its steady India business, strong balance sheet and high cashflows.

While we see unprecedented challenges in terms of high input cost in near term; increasing medical representative productivity in India business and ramping up launches in U.S. and international business would give comfort to Alkem Labs' earnings in long term.

We expect revenue/Ebitda/profit after tax compound annual growth rate of 11%/10%/7% over FY22-24E on high base.

Click on the attachment to read the full report:

Dolat Capital Alkem Laboratories Company Update.pdf

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