As of 6 Nov 2026, Alfa Ica (India) trades at 13.0× trailing earnings, and the shares are 26% below their 52-week high. Sales and net profit grew 10% and 9.2% a year over 3 years, with ROCE of 14% and ROE of 7.9%. Debt is 0.67× equity. It is a small-cap company with a market cap of ₹28 Cr; the shares fell 13% over the past year.
- ₹70.00
- ₹70.00
- ₹70.00
- ₹70.10
- 50
Health check
- ReturnsWeak
−12.9% over the past year.
- Price tagNo peers
P/E 13.0, with no peers to compare.
- GrowthSteady
Sales +10.2%, profit +9.2% a year over 3 years.
- ProfitabilityAverage
ROCE 13.9%.
- Balance sheetFair
Debt 0.67× equity, interest covered 2.7×.
- Red flags2 to check
Return on equity is low at 7.9%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹28 Cr
- Small cap
- P/E
- 13.0
- Price to book
- 1.11
- Book value ₹63.26
- Dividend yield
- 0.00%
- ROE
- 7.9%
- Return on equity
- ROCE
- 13.9%
- Return on capital employed
- Debt to equity
- 0.67
- Debt ₹17 Cr
- EPS (TTM)
- ₹5.38
- OPM (TTM)
- 4.4%
- Net margin 2.2%
- Sales growth
- +51.7%
- Latest quarter vs a year ago
- Profit growth
- +54.0%
- Latest quarter vs a year ago
- Price to sales
- 0.29
- EV/EBITDA 10.5
Strengths and risks
Strengths
- Quarterly profit up 54.0% on a year ago.
- Quarterly sales up 51.7% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 7.9%.
- Interest coverage of only 2.7×.
About Alfa Ica (India)
Alfa Ica (India) Limited manufactures and sells high pressure laminated sheets and compacts in India and internationally. The company offers compact grade, cubicle compact, post formable, anti-bacterial, interior and exterior grade, flooring grade, tough gloss, laboratory grade, fire retardant, uni-core, and color compact laminates. It also provides real metal foils, dry wipe boards, tile panels, and anti-fingerprint products. Its products have…
- Headquarters
- Ahmedabad
- Employees
- 48
- Sector
- Consumer Cyclical
- ISIN
- INE042C01010
- Website
- alfaica.com
Price range
- Avg volume (3M)
- 108
- 1-year return
- minus 12.9%
- From 52-week high
- minus 26.3%
Peers
We couldn’t find listed peers for this company.
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 19.6 | 19 | 22.2 | 25.9 | 29.7 | |
| 18.3 | 17.9 | 21 | 25.4 | 28.2 | |
| 1.3 | 1.1 | 1.2 | 0.5 | 1.5 | |
| 6.7% | 5.6% | 5.2% | 2.0% | 5.1% | |
| 0.2 | 0.4 | 0.3 | 1.1 | 0.4 | |
| 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | |
| 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | |
| 0.7 | 0.6 | 0.5 | 0.8 | 1 | |
| 24.9% | 22.7% | 25.1% | 27.9% | 25.3% | |
| 0.5 | 0.5 | 0.4 | 0.6 | 0.8 | |
| 1.23 | 1.12 | 0.96 | 1.40 | 1.90 |
Profit & loss
- Sales CAGR 3Y
- +10.2%
- Profit CAGR 3Y
- +9.2%
- EPS CAGR 3Y
- +9.2%
- ROE
- 7.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 62.9 | 66.9 | 76.8 | 84.1 | |
| – | +6.4% | +14.9% | +9.4% | |
| 58.8 | 62.8 | 70.8 | 78.8 | |
| 4.1 | 4 | 6 | 5.2 | |
| 6.5% | 6.1% | 7.9% | 6.2% | |
| 0.5 | 0.7 | 0.7 | 1.8 | |
| 1.5 | 1.5 | 1.9 | 1.9 | |
| 1 | 1 | 1.3 | 1.5 | |
| 0 | −0 | −1.6 | −1.1 | |
| 2 | 2.2 | 1.9 | 2.5 | |
| 25.3% | 24.7% | 25.2% | 25.4% | |
| 1.5 | 1.7 | 1.4 | 1.9 | |
| – | +15.2% | minus 14.4% | +32.1% | |
| 3.61 | 4.16 | 3.56 | 4.70 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 4 | 4 | 4 | 4 | |
| 16 | 17.7 | 19.2 | 21.1 | |
| 15 | 14 | 19 | 16.8 | |
| 4.9 | 8.8 | 6.3 | 10.6 | |
| 40 | 44.6 | 48.5 | 52.6 | |
| 14.4 | 15.9 | 19.6 | 19.9 | |
| – | 0.8 | – | – | |
| 0.2 | 0.4 | 0.4 | 0.2 | |
| 25.4 | 27.5 | 28.6 | 32.4 | |
| 40 | 44.6 | 48.5 | 52.6 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5.8 | 5.2 | 1.9 | 5.8 | |
| −1.8 | −2.5 | −5 | −1.8 | |
| −4 | −2.5 | 3 | −4.2 | |
| −0 | 0.3 | −0.1 | −0.1 | |
| −1.8 | −2.6 | −5 | −1.9 | |
| 4 | 2.6 | −3.2 | 3.9 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.