Alpine Housing Development Corporation (BSE: ALPINEHOU) had a P/E of 22.6× on 6 Nov 2026, above the industry P/E of 22.1×, and the shares are 38% below their 52-week high. Sales and net profit grew 15% and 36% a year over 3 years, with ROCE of 9.7% and ROE of 6.9%. Debt is 0.16× equity. It is a small-cap company with a market cap of ₹168 Cr, ranked 62nd of 112 Real Estate (Development) companies by market cap; the shares fell 28% over the past year.
- ₹95.02
- ₹99.50
- ₹95.02
- ₹100.00
- 299
Health check
- ReturnsBehind
−27.9% over a year, better than 0 of 7 peers.
- Price tagIn line
P/E 22.6 vs industry 22.1.
- GrowthSteady
Sales +15.2%, profit +36.3% a year over 3 years.
- ProfitabilityWeak
ROCE 9.7% vs peer median 10.4%.
- Balance sheetSolid
Debt 0.16× equity, interest covered 5.3×, Piotroski 7 of 9.
- Red flags3 to check
Return on equity is low at 6.9%.
Small cap
Defensive
Key metrics
- Market cap
- ₹168 Cr
- Small cap
- P/E
- 22.6
- Industry 22.1
- Price to book
- 1.87
- Peers 2.88
- Dividend yield
- 0.00%
- ROE
- 6.9%
- Peers 11.1%
- ROCE
- 9.7%
- Peers 10.4%
- Debt to equity
- 0.16
- Debt ₹15 Cr
- EPS (TTM)
- ₹4.28
- OPM (TTM)
- 17.2%
- Net margin 10.2%
- Sales growth
- −1.4%
- Latest quarter vs a year ago
- Profit growth
- +262.2%
- Latest quarter vs a year ago
- Price to sales
- 2.31
- EV/EBITDA 12.8
Strengths and risks
Strengths
- Quarterly profit up 262.2% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 6.9%.
- Quarterly sales down 1.4% on a year ago.
- 38% below its 52-week high.
About Alpine Housing Development Corporation
Alpine Housing Development Corporation Limited engages in the property development, development and construction of commercial and residential projects in India. It offers railway concrete sleepers SG, alloys, and grey iron castings. The company serves homebuyers, commercial property investors, and government agencies. Alpine Housing Development Corporation Limited was founded in 1991 and is based in Bengaluru, India.
- Headquarters
- Bengaluru
- Employees
- 69
- Sector
- Real Estate
- ISIN
- INE840D01015
- Website
- alpinehousing.com
Price range
- Avg volume (3M)
- 744
- 1-year return
- minus 27.9%
- From 52-week high
- minus 37.9%
Peers · Real Estate - Development
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| DLFDLF | 752.90 | plus 1.03% | 1,86,366 | 40.8 | 127.6 | 6.3% | 15.3% | 0.01 | 11.3% | minus 3.8% |
| LODHALodha Developers | 1,179.00 | plus 0.27% | 1,17,812 | 27.1 | 25.2 | 18.2% | 33.1% | 0.41 | 20.4% | minus 3.9% |
| OBEROIRLTYOberoi Realty | 1,739.00 | minus 0.13% | 63,230 | 24.0 | 18.8 | 16.7% | 57.5% | 0.14 | 12.9% | minus 2.2% |
| GODREJPROPGodrej Properties | 1,809.30 | minus 0.31% | 54,501 | 40.4 | – | 11.1% | −6.5% | 1.02 | 32.4% | minus 20.9% |
| BRIGADEBrigade Enterprises | 558.15 | minus 0.89% | 18,205 | 25.1 | 15.6 | 9.8% | 29.2% | 0.83 | 18.5% | minus 26.2% |
| ANANTRAJAnant Raj | 445.45 | minus 4.41% | 16,031 | 26.5 | 24.1 | 10.4% | 27.8% | 0.13 | 37.9% | minus 27.8% |
| SOBHASobha | 1,275.40 | minus 1.28% | 13,642 | 71.4 | 46.7 | 7.4% | 6.5% | 0.33 | 16.3% | minus 20.2% |
| ALPINEHOUAlpine Housing Development Corporation | 96.83 | minus 3.17% | 168 | 22.6 | 20.4 | 9.7% | 17.2% | 0.16 | 15.2% | minus 27.9% |
| Median of 7 peers | – | −0.31% | 54,501 | 27.1 | 24.7 | 10.4% | 27.8% | 0.33 | 18.5% | −20.2% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 16.5 | 15 | 21.7 | 19.7 | 16.3 | |
| 15.2 | 13.4 | 18.5 | 15 | 13.2 | |
| 1.3 | 1.6 | 3.3 | 4.6 | 3 | |
| 7.7% | 10.4% | 15.1% | 23.5% | 18.7% | |
| −0 | −0 | 0 | 0 | 0 | |
| 0.5 | 0.4 | 0.4 | 0.5 | 0.4 | |
| 0.3 | 0.3 | 0.3 | 0.6 | 0.3 | |
| −0 | – | −0 | −0 | −0 | |
| 0.5 | 0.9 | 2.6 | 3.5 | 2.3 | |
| −4.1% | 20.5% | 15.6% | 24.7% | 16.9% | |
| 0.5 | 0.7 | 2.2 | 2.6 | 1.9 | |
| 0.31 | 0.40 | 1.25 | 1.51 | 1.12 |
Profit & loss
- Sales CAGR 3Y
- +15.2%
- Profit CAGR 3Y
- +36.3%
- EPS CAGR 3Y
- +36.3%
- ROE
- 6.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 47.7 | 54.9 | 55.4 | 72.9 | |
| – | +15.1% | +0.9% | +31.6% | |
| 43.1 | 50.4 | 49.8 | 65 | |
| 4.6 | 4.5 | 5.6 | 7.8 | |
| 9.7% | 8.2% | 10.1% | 10.8% | |
| 1 | 2.6 | 3.7 | 2.8 | |
| 2.2 | 2 | 2.1 | 1.7 | |
| 0.8 | 1 | 1.1 | 1.5 | |
| 0 | 0 | 0 | −0 | |
| 2.8 | 4.1 | 6.2 | 7.4 | |
| 14.5% | 15.7% | 18.2% | 19.1% | |
| 2.4 | 3.4 | 5.1 | 6 | |
| – | +44.1% | +47.9% | +18.7% | |
| 1.37 | 1.98 | 2.92 | 3.47 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 17.3 | 17.3 | 17.3 | 17.3 | |
| 58.6 | 62 | 66.2 | 72.3 | |
| 21.6 | 16.9 | 14.4 | 14.6 | |
| 48.1 | 44.2 | 48.4 | 69.8 | |
| 146 | 140 | 146 | 174 | |
| 11.5 | 16.1 | 16.9 | 22.4 | |
| 6.4 | 6.4 | 6.2 | 8.5 | |
| 1.2 | 0.5 | 0.8 | 0.8 | |
| 0.8 | 2.9 | 3.8 | 22.4 | |
| 126 | 115 | 119 | 120 | |
| 146 | 140 | 146 | 174 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 20.8 | 12.4 | 6.7 | 23.4 | |
| 0.1 | −3.9 | −1.2 | −3.1 | |
| −22.4 | −6.4 | −4.6 | −1.6 | |
| −1.4 | 2.2 | 0.9 | 18.6 | |
| – | −3.9 | −0.6 | −3.4 | |
| 20.8 | 8.5 | 6.1 | 20 |
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
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