Alivus Life Sciences Limited — Q4 FY26
Alivus Life Sciences delivered a strong Q4 FY26 with revenue of 689 crore (+6.1% YoY) and EBITDA margin of 34.4% (+230 bps YoY), driven by favorable product mix, cost discipline...
bullish
high
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Claim Ledger
Did management answer the analysts?
Every material analyst question, graded on whether management actually answered it — with the verbatim exchange and quantitative claims checked against filed numbers.
88%Questions answered0Evaded / deflected12Questions audited
Answered
High priority
Quantify fire incident impact on production, sales, and costs.
Asked by Ahmed Madha, Unifi Capital
Management quantified the cost impact (20 cr) and clarified no significant production delay.
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Question
we had a fire incident at the H plant. Can you quantify was there any impact of production and sales and is there any spillover we are expecting in Q1 and also was there any cost booked related to the same on PN?
Management (not named)
the fire at the hedge impacted only the intermediate side of the facility. ... we have booked a loss due to fire and or other expenses to the extent of 20 crores and that's why you see a jump in the other expenses line item.
Answered
Medium priority
Quantify forex impact on gross margins and other income.
Asked by Ahmed Madha, Unifi Capital
Management provided specific forex gain numbers for quarter and full year.
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Question
can you quantify does that sort of helps us in a gross margins ... and also was there any major forex gain booked in other income in Q4 or in full FI26.
Management (not named)
for the entire year on the P&L we have seen a net gain of about 31 cr on the P&L. ... for the quarter it is about ... 11 crores of gain that we have booked for Q4 and about 20 crores for the full year that we have booked.
Answered
Medium priority
Any significant RM cost inflation or logistic issues?
Asked by Ahmed Madha, Unifi Capital
Management addressed each point and stated no expected impact due to pass-through.
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Question
any challenges in terms of RM procurement, RM cost, pressure in terms of gross margin because of cost inflation, any logistic issues on the business in general?
Management (not named)
freight was impacted ... more or less that has been passed on to customers. ... solvents ... contribute about 12 13% to our overall cost. ... we don't expect an impact.
Answered
Medium priority
Evaluate current pricing environment for API business.
Asked by Ahmed Madha, Unifi Capital
Management gave a clear assessment: stable, no effect from war.
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Question
in the industry environment in general for pricing how would you evaluate a current environment ... are you seeing any improvement in pricing environment for your API business?
Management (not named)
The pricing environment has been reasonably stable to begin with and the war should not have any effect on the pricing environment.
Partial answer
Medium priority
Update on inorganic opportunities and target profile.
Asked by Ahmed Madha, Unifi Capital
Management confirmed active search but gave no specifics on size or timing.
no specific targetsno timeline
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Question
in terms of inorganic opportunities if you can give some thinking ... what sort of profile of business you are looking for and are we any close to do something.
Management (not named)
we are actively looking ... the direction is to basically enhance the platform that we already have. ... through a lateral buildup of allied platforms.
Answered
High priority
Why EBITDA margin expanded despite flat material cost and CDMO share?
Asked by Krishna Saha, Quartm AMC
Management explained multiple factors including CDMO share increase and launches.
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Question
our material cost has been flat ... and our CDMO share of revenue has been flat also. Is it largely because the ... product mix from the CD been largely superior?
Management (not named)
margin improvement has got like three to four factors. ... operational efficiency has helped ... better cost processes implemented. CDMO has gone from 6% last year to 7% this year ... we've also had some good launches of generic API.
Answered
Medium priority
Has backward integration from Solapur played out yet?
Asked by Krishna Saha, Quartm AMC
Management clearly stated not yet and provided timeline for Solapur.
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Question
the backward integration on top of all to the H solapur has that played out as of now?
Management (not named)
No, not yet. No, backward integration in a big way still has to contribute. ... shapur should be up and running in Q2 and then we hope to implement those backward integration projects.
Answered
Medium priority
Contribution of high potency molecules this year vs last year.
Asked by Shmeta, ICIC
Management explained revenue is only from exhibit batches and not material.
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Question
can you help me understand what was the contribution of high potent molecules this year's portfolio with last year?
Management (not named)
the only contribution that we get is from the sale of exhibit batch quantities ... it'll be fair that it will not be the material contribution for us in revenue not very significant.
Partial answer
Medium priority
Growth contribution from 12 new introductions and price erosion in base business.
Asked by Shmeta, ICIC
Management gave price erosion number but did not quantify growth contribution from new introductions.
no growth contribution number given
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Question
how much would be the growth contribution from the 12 new introductions ... and what would be the price erosion in our base business if I exclude GTL and CDMO business?
Management (not named)
the price erosion is about 5 and a half% is what we have seen on the nonGPL nonDMO.
Answered
Medium priority
Scope for further margin improvement and areas of focus.
Asked by Sunil Kotari, Unique PMS
Management identified backward integration as a specific area for margin improvement.
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Question
which are the area where you see internally where you find the scope to improve the margin without giving any numbers?
Management (not named)
backward integration is certainly one area where we see some scope for margin improvement and once shapur comes online ... we will be doing backward integration on a few key projects.
Partial answer
High priority
Can revenue growth move to double digits in next 2-3 years?
Asked by Sunil Kotari, Unique PMS
Management highlighted nonGPL double-digit growth but did not commit to overall double-digit growth.
no overall revenue growth guidance
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Question
what is your thought process for next 2 three year will be able to move from single digit ... to maybe ... double digit revenue growth.
Management (not named)
in the nonGPL business we are already growing at double digit. ... the focus for us is on having a good margin profile ... growth will not be pursued at the cost of margins.
Answered
High priority
Timeline for capacity utilization of new Ankleshwar and Solapur facilities.
Asked by Yogani, Omega Portfolio Advisor
Management provided specific utilization timelines for both facilities.
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Question
how much time would it take for it to get to an optimal capacity utilization ... could you just share timelines?
Management (not named)
brownfield ... 80 90% level in a matter of two to three quarters. ... Sholapur ... start off with a robust 40 to 50% utilization and then take it up to 60 70% in the following year.