Alfa Ica (India) Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: March 6, 2026, 3:30 am

Market Cap	30.1 Cr.
Current Price	74.4
Intrinsic Value	₹41.33
High / Low	123/67.8
Stock P/E	12.4
Book Value	59.8
Dividend Yield	0.00 %
ROCE	10.1 %
ROE	6.31 %
Face Value	10.0
PEG Ratio	1.50

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Alfa Ica (India) Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Alfa Ica (India) Ltd	30.1 Cr.	74.4	123/67.8	12.4	59.8	0.00 %	10.1 %	6.31 %	10.0
Dynavision Ltd	61.4 Cr.	160	315/160	12.3	66.5	0.00 %	20.8 %	23.2 %	10.0
Datasoft Applications Software (India) Ltd	312 Cr.	113	378/83.4	12.3	15.7	0.00 %	22.9 %	17.8 %	10.0
Vera Synthetic Ltd	34.6 Cr.	70.0	70.4/66.0	12.6	50.5	0.00 %	12.3 %	9.07 %	10.0
Denis Chem Lab Ltd	100 Cr.	72.1	118/71.5	11.5	63.2	2.08 %	13.9 %	9.77 %	10.0
Industry Average	7,519.09 Cr	200.80		258.04	219.10	0.28%	11.73%	22.92%	9.00

All Competitor Stocks of Alfa Ica (India) Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	14.14	13.83	17.05	16.74	16.31	18.39	19.51	18.42	20.26	20.37	19.59	18.98	22.17
Expenses	13.39	12.84	16.00	15.84	15.30	17.42	18.21	17.13	20.21	18.66	18.28	17.92	21.01
Operating Profit	0.75	0.99	1.05	0.90	1.01	0.97	1.30	1.29	0.05	1.71	1.31	1.06	1.16
OPM %	5.30%	7.16%	6.16%	5.38%	6.19%	5.27%	6.66%	7.00%	0.25%	8.39%	6.69%	5.58%	5.23%
Other Income	0.38	0.15	0.08	0.24	0.10	0.41	0.00	0.18	0.18	0.51	0.21	0.37	0.27
Interest	0.37	0.35	0.41	0.36	0.40	0.37	0.42	0.53	0.55	0.44	0.50	0.49	0.55
Depreciation	0.26	0.27	0.25	0.23	0.26	0.25	0.30	0.34	0.35	0.36	0.36	0.36	0.36
Profit before tax	0.50	0.52	0.47	0.55	0.45	0.76	0.58	0.60	-0.67	1.42	0.66	0.58	0.52
Tax %	26.00%	25.00%	31.91%	25.45%	20.00%	21.05%	27.59%	20.00%	-19.40%	24.65%	25.76%	22.41%	25.00%
Net Profit	0.37	0.39	0.32	0.41	0.36	0.60	0.42	0.48	-0.54	1.08	0.50	0.45	0.39
EPS in Rs	0.92	0.97	0.79	1.01	0.89	1.49	1.04	1.19	-1.34	2.67	1.24	1.11	0.97

Last Updated: March 3, 2026, 12:35 pm

Below is a detailed analysis of the quarterly data for Alfa Ica (India) Ltd based on the most recent figures (Dec 2025) and their trends compared to the previous period:

For Sales, as of Dec 2025, the value is 22.17 Cr.. The value appears strong and on an upward trend. It has increased from 18.98 Cr. (Sep 2025) to 22.17 Cr., marking an increase of 3.19 Cr..
For Expenses, as of Dec 2025, the value is 21.01 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 17.92 Cr. (Sep 2025) to 21.01 Cr., marking an increase of 3.09 Cr..
For Operating Profit, as of Dec 2025, the value is 1.16 Cr.. The value appears strong and on an upward trend. It has increased from 1.06 Cr. (Sep 2025) to 1.16 Cr., marking an increase of 0.10 Cr..
For OPM %, as of Dec 2025, the value is 5.23%. The value appears to be declining and may need further review. It has decreased from 5.58% (Sep 2025) to 5.23%, marking a decrease of 0.35%.
For Other Income, as of Dec 2025, the value is 0.27 Cr.. The value appears to be declining and may need further review. It has decreased from 0.37 Cr. (Sep 2025) to 0.27 Cr., marking a decrease of 0.10 Cr..
For Interest, as of Dec 2025, the value is 0.55 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 0.49 Cr. (Sep 2025) to 0.55 Cr., marking an increase of 0.06 Cr..
For Depreciation, as of Dec 2025, the value is 0.36 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2025) which recorded 0.36 Cr..
For Profit before tax, as of Dec 2025, the value is 0.52 Cr.. The value appears to be declining and may need further review. It has decreased from 0.58 Cr. (Sep 2025) to 0.52 Cr., marking a decrease of 0.06 Cr..
For Tax %, as of Dec 2025, the value is 25.00%. The value appears to be increasing, which may not be favorable. It has increased from 22.41% (Sep 2025) to 25.00%, marking an increase of 2.59%.
For Net Profit, as of Dec 2025, the value is 0.39 Cr.. The value appears to be declining and may need further review. It has decreased from 0.45 Cr. (Sep 2025) to 0.39 Cr., marking a decrease of 0.06 Cr..
For EPS in Rs, as of Dec 2025, the value is 0.97. The value appears to be declining and may need further review. It has decreased from 1.11 (Sep 2025) to 0.97, marking a decrease of 0.14.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 5:46 pm

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	57.24	56.32	50.03	49.99	56.47	56.05	56.47	55.17	79.98	64.64	68.49	78.56	81.11
Expenses	53.99	52.45	46.86	46.58	53.65	52.19	52.95	51.84	75.59	60.57	64.43	74.13	75.87
Operating Profit	3.25	3.87	3.17	3.41	2.82	3.86	3.52	3.33	4.39	4.07	4.06	4.43	5.24
OPM %	5.68%	6.87%	6.34%	6.82%	4.99%	6.89%	6.23%	6.04%	5.49%	6.30%	5.93%	5.64%	6.46%
Other Income	0.20	-0.03	0.48	0.02	0.90	0.46	0.64	0.86	0.40	0.55	0.80	0.88	1.36
Interest	1.35	1.71	1.58	1.32	1.44	1.84	1.66	1.41	1.59	1.63	1.64	2.04	1.98
Depreciation	1.10	0.67	0.67	0.65	0.68	0.69	0.85	0.88	1.01	1.04	0.99	1.35	1.44
Profit before tax	1.00	1.46	1.40	1.46	1.60	1.79	1.65	1.90	2.19	1.95	2.23	1.92	3.18
Tax %	29.00%	27.40%	8.57%	33.56%	25.62%	30.17%	25.45%	25.26%	25.57%	25.13%	24.66%	25.00%
Net Profit	0.71	1.06	1.28	0.97	1.18	1.25	1.23	1.42	1.63	1.46	1.68	1.44	2.42
EPS in Rs	1.76	2.62	3.17	2.40	2.92	3.09	3.04	3.51	4.03	3.61	4.16	3.56	5.99
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	34.24%	32.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	49.30%	20.75%	-24.22%	21.65%	5.93%	-1.60%	15.45%	14.79%	-10.43%	15.07%	-14.29%
Change in YoY Net Profit Growth (%)	0.00%	-28.54%	-44.97%	45.87%	-15.72%	-7.53%	17.05%	-0.66%	-25.22%	25.50%	-29.35%

Alfa Ica (India) Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	3%
5 Years:	7%
3 Years:	-1%
TTM:	11%

Compounded Profit Growth
10 Years:	3%
5 Years:	3%
3 Years:	-5%
TTM:	-15%

Stock Price CAGR
10 Years:	18%
5 Years:	34%
3 Years:	22%
1 Year:	-2%

Return on Equity
10 Years:	8%
5 Years:	8%
3 Years:	7%
Last Year:	6%

Last Updated: September 5, 2025, 2:11 pm

Balance Sheet

Last Updated: March 3, 2026, 12:26 am

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	4.04	4.04	4.04	4.04	4.04	4.04	4.04	4.04	4.04	4.04	4.04	4.04	4.04
Reserves	7.05	6.58	7.86	8.82	10.00	10.77	11.52	12.94	14.57	16.05	17.73	19.18	20.13
Borrowings	9.99	12.79	13.51	13.16	13.26	16.72	13.92	12.82	17.44	14.98	14.04	19.00	17.57
Other Liabilities	8.23	5.00	3.31	6.38	6.50	5.29	4.92	7.75	8.86	4.93	8.78	6.31	10.98
Total Liabilities	29.31	28.41	28.72	32.40	33.80	36.82	34.40	37.55	44.91	40.00	44.59	48.53	52.72
Fixed Assets	7.87	7.42	7.33	9.23	9.74	12.25	12.55	13.04	13.71	14.43	15.16	19.57	19.74
CWIP	0.00	0.00	0.00	0.22	0.22	0.00	0.00	0.00	0.00	0.00	0.76	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	21.44	20.99	21.39	22.95	23.84	24.57	21.85	24.51	31.20	25.57	28.67	28.96	32.98
Total Assets	29.31	28.41	28.72	32.40	33.80	36.82	34.40	37.55	44.91	40.00	44.59	48.53	52.72

Below is a detailed analysis of the balance sheet data for Alfa Ica (India) Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:

For Equity Capital, as of Sep 2025, the value is 4.04 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 4.04 Cr..
For Reserves, as of Sep 2025, the value is 20.13 Cr.. The value appears strong and on an upward trend. It has increased from 19.18 Cr. (Mar 2025) to 20.13 Cr., marking an increase of 0.95 Cr..
For Borrowings, as of Sep 2025, the value is 17.57 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 19.00 Cr. (Mar 2025) to 17.57 Cr., marking a decrease of 1.43 Cr..
For Other Liabilities, as of Sep 2025, the value is 10.98 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 6.31 Cr. (Mar 2025) to 10.98 Cr., marking an increase of 4.67 Cr..
For Total Liabilities, as of Sep 2025, the value is 52.72 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 48.53 Cr. (Mar 2025) to 52.72 Cr., marking an increase of 4.19 Cr..
For Fixed Assets, as of Sep 2025, the value is 19.74 Cr.. The value appears strong and on an upward trend. It has increased from 19.57 Cr. (Mar 2025) to 19.74 Cr., marking an increase of 0.17 Cr..
For CWIP, as of Sep 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 0.00 Cr..
For Investments, as of Sep 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 0.00 Cr..
For Other Assets, as of Sep 2025, the value is 32.98 Cr.. The value appears strong and on an upward trend. It has increased from 28.96 Cr. (Mar 2025) to 32.98 Cr., marking an increase of 4.02 Cr..
For Total Assets, as of Sep 2025, the value is 52.72 Cr.. The value appears strong and on an upward trend. It has increased from 48.53 Cr. (Mar 2025) to 52.72 Cr., marking an increase of 4.19 Cr..

Notably, the Reserves (20.13 Cr.) exceed the Borrowings (17.57 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	3.35	0.66	3.00	5.70	-0.73	1.56	6.38	3.53	-1.34	5.75	5.21	1.87
Cash from Investing Activity +	-0.72	-1.79	-0.62	-2.75	-1.24	-2.95	-1.39	-1.27	-1.73	-1.75	-2.48	-4.96
Cash from Financing Activity +	-2.63	1.30	-0.71	-1.56	-1.13	1.35	-4.78	-2.44	3.11	-4.02	-2.47	3.02
Net Cash Flow	0.00	0.17	1.67	1.39	-3.09	-0.05	0.22	-0.18	0.04	-0.03	0.25	-0.07

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-6.74	-8.92	-10.34	-9.75	-10.44	-12.86	-10.40	-9.49	-13.05	-10.91	-9.98	-14.57

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	34.69	27.54	36.70	40.38	55.78	56.46	57.78	58.42	56.95	42.24	51.91	55.94
Inventory Days	113.28	126.84	136.97	137.10	118.02	133.97	105.98	132.44	117.58	144.93	138.29	107.49
Days Payable	56.47	31.42	20.05	53.69	52.21	42.62	38.39	68.63	53.75	32.07	57.14	36.83
Cash Conversion Cycle	91.50	122.97	153.62	123.79	121.59	147.81	125.37	122.23	120.79	155.09	133.06	126.60
Working Capital Days	63.00	83.86	83.83	50.89	70.58	60.04	79.76	61.13	48.47	65.11	61.87	51.06
ROCE %	11.05%	14.52%	12.62%	10.77%	11.63%	12.31%	10.82%	10.86%	11.66%	10.07%	10.97%	10.10%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	71.12%	71.12%	71.12%	71.12%	71.12%	71.12%	71.12%	71.12%	71.12%	71.12%	71.12%	71.12%
DIIs	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%
Public	28.83%	28.83%	28.83%	28.82%	28.82%	28.83%	28.82%	28.82%	28.83%	28.82%	28.83%	28.82%
No. of Shareholders	5,408	5,400	5,402	5,411	5,417	5,434	5,691	5,703	5,695	5,699	5,665	3,172

Shareholding Pattern Chart

No. of Shareholders

Alfa Ica (India) Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	3.56	4.16	3.61	4.03	3.51
Diluted EPS (Rs.)	3.56	4.16	3.61	4.03	3.51
Cash EPS (Rs.)	6.90	6.61	6.18	6.52	5.69
Book Value[Excl.RevalReserv]/Share (Rs.)	57.48	53.90	49.72	46.06	42.03
Book Value[Incl.RevalReserv]/Share (Rs.)	57.48	53.90	49.72	46.06	42.03
Revenue From Operations / Share (Rs.)	194.44	169.53	159.99	197.97	136.57
PBDIT / Share (Rs.)	12.90	11.78	11.25	11.65	10.21
PBIT / Share (Rs.)	9.56	9.33	8.67	9.16	8.03
PBT / Share (Rs.)	4.76	5.52	4.83	5.43	4.71
Net Profit / Share (Rs.)	3.56	4.16	3.61	4.03	3.51
PBDIT Margin (%)	6.63	6.94	7.02	5.88	7.47
PBIT Margin (%)	4.91	5.50	5.42	4.62	5.87
PBT Margin (%)	2.44	3.25	3.01	2.74	3.44
Net Profit Margin (%)	1.83	2.45	2.25	2.03	2.57
Return on Networth / Equity (%)	6.19	7.71	7.25	8.74	8.36
Return on Capital Employeed (%)	12.35	13.31	13.25	14.91	14.29
Return On Assets (%)	2.96	3.76	3.64	3.62	3.78
Long Term Debt / Equity (X)	0.30	0.25	0.27	0.29	0.29
Total Debt / Equity (X)	0.81	0.64	0.74	0.93	0.75
Asset Turnover Ratio (%)	1.69	1.62	1.52	1.94	1.53
Current Ratio (X)	1.66	1.74	1.87	1.54	1.64
Quick Ratio (X)	0.87	0.77	0.69	0.73	0.80
Inventory Turnover Ratio (X)	5.35	4.32	2.47	3.56	3.01
Interest Coverage Ratio (X)	2.69	3.09	2.93	3.12	3.07
Interest Coverage Ratio (Post Tax) (X)	1.74	2.09	1.94	2.08	2.06
Enterprise Value (Cr.)	47.69	35.78	30.05	35.04	21.88
EV / Net Operating Revenue (X)	0.60	0.52	0.46	0.43	0.39
EV / EBITDA (X)	9.15	7.52	6.61	7.44	5.31
MarketCap / Net Operating Revenue (X)	0.37	0.32	0.23	0.22	0.16
Price / BV (X)	1.26	1.02	0.76	0.96	0.54
Price / Net Operating Revenue (X)	0.37	0.32	0.23	0.22	0.16
EarningsYield	0.04	0.07	0.09	0.09	0.15

After reviewing the key financial ratios for Alfa Ica (India) Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 25, the value is 3.56. This value is below the healthy minimum of 5. It has decreased from 4.16 (Mar 24) to 3.56, marking a decrease of 0.60.
For Diluted EPS (Rs.), as of Mar 25, the value is 3.56. This value is below the healthy minimum of 5. It has decreased from 4.16 (Mar 24) to 3.56, marking a decrease of 0.60.
For Cash EPS (Rs.), as of Mar 25, the value is 6.90. This value is within the healthy range. It has increased from 6.61 (Mar 24) to 6.90, marking an increase of 0.29.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 57.48. It has increased from 53.90 (Mar 24) to 57.48, marking an increase of 3.58.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 57.48. It has increased from 53.90 (Mar 24) to 57.48, marking an increase of 3.58.
For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 194.44. It has increased from 169.53 (Mar 24) to 194.44, marking an increase of 24.91.
For PBDIT / Share (Rs.), as of Mar 25, the value is 12.90. This value is within the healthy range. It has increased from 11.78 (Mar 24) to 12.90, marking an increase of 1.12.
For PBIT / Share (Rs.), as of Mar 25, the value is 9.56. This value is within the healthy range. It has increased from 9.33 (Mar 24) to 9.56, marking an increase of 0.23.
For PBT / Share (Rs.), as of Mar 25, the value is 4.76. This value is within the healthy range. It has decreased from 5.52 (Mar 24) to 4.76, marking a decrease of 0.76.
For Net Profit / Share (Rs.), as of Mar 25, the value is 3.56. This value is within the healthy range. It has decreased from 4.16 (Mar 24) to 3.56, marking a decrease of 0.60.
For PBDIT Margin (%), as of Mar 25, the value is 6.63. This value is below the healthy minimum of 10. It has decreased from 6.94 (Mar 24) to 6.63, marking a decrease of 0.31.
For PBIT Margin (%), as of Mar 25, the value is 4.91. This value is below the healthy minimum of 10. It has decreased from 5.50 (Mar 24) to 4.91, marking a decrease of 0.59.
For PBT Margin (%), as of Mar 25, the value is 2.44. This value is below the healthy minimum of 10. It has decreased from 3.25 (Mar 24) to 2.44, marking a decrease of 0.81.
For Net Profit Margin (%), as of Mar 25, the value is 1.83. This value is below the healthy minimum of 5. It has decreased from 2.45 (Mar 24) to 1.83, marking a decrease of 0.62.
For Return on Networth / Equity (%), as of Mar 25, the value is 6.19. This value is below the healthy minimum of 15. It has decreased from 7.71 (Mar 24) to 6.19, marking a decrease of 1.52.
For Return on Capital Employeed (%), as of Mar 25, the value is 12.35. This value is within the healthy range. It has decreased from 13.31 (Mar 24) to 12.35, marking a decrease of 0.96.
For Return On Assets (%), as of Mar 25, the value is 2.96. This value is below the healthy minimum of 5. It has decreased from 3.76 (Mar 24) to 2.96, marking a decrease of 0.80.
For Long Term Debt / Equity (X), as of Mar 25, the value is 0.30. This value is within the healthy range. It has increased from 0.25 (Mar 24) to 0.30, marking an increase of 0.05.
For Total Debt / Equity (X), as of Mar 25, the value is 0.81. This value is within the healthy range. It has increased from 0.64 (Mar 24) to 0.81, marking an increase of 0.17.
For Asset Turnover Ratio (%), as of Mar 25, the value is 1.69. It has increased from 1.62 (Mar 24) to 1.69, marking an increase of 0.07.
For Current Ratio (X), as of Mar 25, the value is 1.66. This value is within the healthy range. It has decreased from 1.74 (Mar 24) to 1.66, marking a decrease of 0.08.
For Quick Ratio (X), as of Mar 25, the value is 0.87. This value is below the healthy minimum of 1. It has increased from 0.77 (Mar 24) to 0.87, marking an increase of 0.10.
For Inventory Turnover Ratio (X), as of Mar 25, the value is 5.35. This value is within the healthy range. It has increased from 4.32 (Mar 24) to 5.35, marking an increase of 1.03.
For Interest Coverage Ratio (X), as of Mar 25, the value is 2.69. This value is below the healthy minimum of 3. It has decreased from 3.09 (Mar 24) to 2.69, marking a decrease of 0.40.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 1.74. This value is below the healthy minimum of 3. It has decreased from 2.09 (Mar 24) to 1.74, marking a decrease of 0.35.
For Enterprise Value (Cr.), as of Mar 25, the value is 47.69. It has increased from 35.78 (Mar 24) to 47.69, marking an increase of 11.91.
For EV / Net Operating Revenue (X), as of Mar 25, the value is 0.60. This value is below the healthy minimum of 1. It has increased from 0.52 (Mar 24) to 0.60, marking an increase of 0.08.
For EV / EBITDA (X), as of Mar 25, the value is 9.15. This value is within the healthy range. It has increased from 7.52 (Mar 24) to 9.15, marking an increase of 1.63.
For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 0.37. This value is below the healthy minimum of 1. It has increased from 0.32 (Mar 24) to 0.37, marking an increase of 0.05.
For Price / BV (X), as of Mar 25, the value is 1.26. This value is within the healthy range. It has increased from 1.02 (Mar 24) to 1.26, marking an increase of 0.24.
For Price / Net Operating Revenue (X), as of Mar 25, the value is 0.37. This value is below the healthy minimum of 1. It has increased from 0.32 (Mar 24) to 0.37, marking an increase of 0.05.
For EarningsYield, as of Mar 25, the value is 0.04. This value is below the healthy minimum of 5. It has decreased from 0.07 (Mar 24) to 0.04, marking a decrease of 0.03.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Alfa Ica (India) Ltd as of March 10, 2026 is: ₹38.18

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 10, 2026, Alfa Ica (India) Ltd is Overvalued by 48.68% compared to the current share price ₹74.40

Intrinsic Value of Alfa Ica (India) Ltd as of March 10, 2026 is: ₹41.33

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 10, 2026, Alfa Ica (India) Ltd is Overvalued by 44.45% compared to the current share price ₹74.40

Last 5 Year EPS CAGR: 8.25%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has shown consistent growth in sales (62.35 cr) and profit (1.83 cr) over the years.	The stock has a low average ROCE of 11.45%, which may not be favorable. The stock has a high average Working Capital Days of 64.97, which may not be favorable. The stock has a high average Cash Conversion Cycle of 128.70, which may not be favorable. The company has higher borrowings (14.55) compared to reserves (12.55), which may suggest financial risk.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Alfa Ica (India) Ltd:
1. Net Profit Margin: 1.83%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 12.35% (Industry Average ROCE: 11.73%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 6.19% (Industry Average ROE: 22.92%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 1.74
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.87
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 12.4 (Industry average Stock P/E: 258.04)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.81
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Alfa Ica (India) Ltd. is a Public Limited Listed company incorporated on 11/12/1991 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L20100GJ1991PLC016763 and registration number is 016763. Currently Company is involved in the business activities of Manufacture of paper and paper products. Company's Total Operating Revenue is Rs. 78.56 Cr. and Equity Capital is Rs. 4.04 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Laminates	1-4, Uma Industrial Estate, Village Vasna Iyawa, Ahmedabad District Gujarat 382110	Contact not found

Management
Name	Position Held
Mr. Shyamal Raval	Chairman & Non-Exe.Director
Mr. Rishi Tikmani	Managing Director
Mr. Ayush Kedia	Non Executive Director
Ms. Pooja Tikmani	Joint Managing Director
Ms. Poonam Panchal	Independent Director

FAQ

What is the intrinsic value of Alfa Ica (India) Ltd?

Alfa Ica (India) Ltd's intrinsic value (as of 10 March 2026) is ₹41.33 which is 44.45% lower the current market price of ₹74.40, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹30.1 Cr. market cap, FY2025-2026 high/low of ₹123/67.8, reserves of ₹20.13 Cr, and liabilities of ₹52.72 Cr.

What is the Market Cap of Alfa Ica (India) Ltd?

The Market Cap of Alfa Ica (India) Ltd is 30.1 Cr..

What is the current Stock Price of Alfa Ica (India) Ltd as on 10 March 2026?

The current stock price of Alfa Ica (India) Ltd as on 10 March 2026 is ₹74.4.

What is the High / Low of Alfa Ica (India) Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Alfa Ica (India) Ltd stocks is ₹123/67.8.

What is the Stock P/E of Alfa Ica (India) Ltd?

The Stock P/E of Alfa Ica (India) Ltd is 12.4.

What is the Book Value of Alfa Ica (India) Ltd?

The Book Value of Alfa Ica (India) Ltd is 59.8.

What is the Dividend Yield of Alfa Ica (India) Ltd?

The Dividend Yield of Alfa Ica (India) Ltd is 0.00 %.

What is the ROCE of Alfa Ica (India) Ltd?

The ROCE of Alfa Ica (India) Ltd is 10.1 %.

What is the ROE of Alfa Ica (India) Ltd?

The ROE of Alfa Ica (India) Ltd is 6.31 %.

What is the Face Value of Alfa Ica (India) Ltd?

The Face Value of Alfa Ica (India) Ltd is 10.0.