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Pharmaceuticals · Mid cap

Alembic lands generic Haldol approval, but the US market is tiny

Final USFDA clearance for Haloperidol Tablets adds to a 240-product pipeline. The market it addresses is less than 3% of Alembic's revenue.

9 earlier stories on Alembic Pharmaceuticals Ltd.
Mkt cap₹15,165 cr
P/E22.47×
ROE11.24%
Debt / eq.0.23
Div yld1.54%
$27M / ~₹224 cr US market size for generic Haloperidol Tablets.

What's new

  • USFDA granted final approval for Alembic's Haloperidol Tablets, a generic of Haldol.
  • The approved product addresses a US market worth about $27 million.
  • It is the 240th ANDA in Alembic's approved pipeline.

Why this matters

Alembic's annual revenue is ₹7,345 crore. The $27 million Haloperidol market, if fully captured, would represent less than 3% of that total. The approval keeps the pipeline machine running but doesn't change the company's earnings trajectory.

What we're watching

  • The timing and scale of the product launch in the US.
  • Which ANDAs in the 240-product pipeline carry real commercial weight.
  • How Alembic's US base business performs against this low-bar addition.

The full read

Alembic Pharmaceuticals has received final USFDA approval to sell Haloperidol Tablets, a generic of Haldol. The product addresses a US market of $27 million (~₹224 crore). For a company with ₹7,345 crore in annual revenue, that's a potential contribution of less than 3%. This is Alembic's 240th approved ANDA. The number signals pipeline activity. Not a near-term financial boost. The approval is a routine pipeline addition, not an event that alters the company's earnings profile or valuation.

Questions answered

Why is this approval considered routine?
The US market for generic Haloperidol is only $27 million, which is less than 3% of Alembic's ₹7,345 crore in annual revenue. The approval adds one more product to a large pipeline without moving the earnings needle.
How significant is a 240th ANDA approval?
The number itself shows depth in the US generic filing pipeline. However, the commercial impact of any single ANDA depends on the market size it addresses, and this particular market is small.
What is the product's origin?
Alembic's Haloperidol Tablets are a generic version of Haldol, a drug used primarily in psychiatric care.
Does this approval affect Alembic's India business?
No. The approval is for the US market. Alembic's revenue breakdown between India and other geographies is not detailed in this filing.
Mentioned: USFDA · Haloperidol Tablets · Haldol
Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

Alembic Pharmaceuticals Ltd.

Pharmaceuticals
₹15,656 cr
P/E 23.20×

Latest quarter · Mar 2026

Sales₹1,848 cr
Net profit₹200 cr
Op. margin+12.3%
EPS₹10.31

Strength & growth

Debt / equity0.24×
Current ratio1.73×
Sales CAGR+8.9%
EPS CAGR−1.8%
Financials via Tijori — a research aid, not investment advice.APLLTD on Tijori
  1. 5 Jun 2026 · 10:53 AM IST Alembic lands generic Haldol approval, but the US market is tiny
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