Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: April 2, 2026, 4:03 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 530973 | NSE: ALFAICA

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

Fair Value

₹40.64Overvalued by 48.69%vs CMP ₹79.20

P/E (13.2) × ROE (6.3%) × BV (₹59.80) × DY (2.00%)

₹68.26Overvalued by 13.81%vs CMP ₹79.20
MoS: -16% (Negative)Confidence: 48/100 (Moderate)Models: 3 Under, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹44.0026%Over (-44.4%)
Graham NumberEarnings₹89.7718%Under (+13.3%)
DCFCash Flow₹49.2515%Over (-37.8%)
Net Asset ValueAssets₹59.828%Over (-24.5%)
EV/EBITDAEnterprise₹70.9610%Over (-10.4%)
Earnings YieldEarnings₹59.908%Over (-24.4%)
ROCE CapitalReturns₹123.028%Under (+55.3%)
Revenue MultipleRevenue₹97.226%Under (+22.8%)
Consensus (8 models)₹68.26100%Overvalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 8.2%

*Investments are subject to market risks

Investment Snapshot

63
Alfa Ica (India) Ltd scores 63/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health62/100 · Moderate
ROCE 10.1% AverageROE 6.3% AverageD/E 0.75 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 71.1% StableShareholders down 44% Consolidation
Earnings Quality60/100 · Moderate
OPM stable around 6% SteadyWorking capital: 51 days (improving) Efficient
Quarterly Momentum90/100 · Strong
Revenue (4Q): +6% YoY GrowingProfit (4Q): +152% YoY StrongOPM: 5.2% (up 5.0% YoY) Margin expansion
Industry Rank45/100 · Moderate
P/E 13.2 vs industry 153.0 Cheaper than peersROCE 10.1% vs industry 11.7% AverageROE 6.3% vs industry 22.9% Below peers3Y sales CAGR: -1% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:03 am

Market Cap 32.0 Cr.
Current Price 79.2
Intrinsic Value₹68.26
High / Low 123/67.8
Stock P/E13.2
Book Value 59.8
Dividend Yield0.00 %
ROCE10.1 %
ROE6.31 %
Face Value 10.0
PEG Ratio1.60

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

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 32.0 Cr. 79.2 123/67.813.2 59.80.00 %10.1 %6.31 % 10.0
Websol Energy System Ltd 3,097 Cr. 71.3 160/50.413.5 9.270.00 %59.2 %80.2 % 1.00
Vera Synthetic Ltd 34.0 Cr. 69.0 70.0/66.012.4 50.50.00 %12.3 %9.07 % 10.0
Dynavision Ltd 59.9 Cr. 156 315/14512.0 66.50.00 %20.8 %23.2 % 10.0
Ultra Wiring Connectivity Systems Ltd 48.4 Cr. 93.0 168/93.014.6 50.40.54 %16.9 %13.6 % 10.0
Industry Average7,439.67 Cr186.66153.03219.100.31%11.73%22.92%9.00

All Competitor Stocks of Alfa Ica (India) Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 14.1413.8317.0516.7416.3118.3919.5118.4220.2620.3719.5918.9822.17
Expenses 13.3912.8416.0015.8415.3017.4218.2117.1320.2118.6618.2817.9221.01
Operating Profit 0.750.991.050.901.010.971.301.290.051.711.311.061.16
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 0.380.150.080.240.100.410.000.180.180.510.210.370.27
Interest 0.370.350.410.360.400.370.420.530.550.440.500.490.55
Depreciation 0.260.270.250.230.260.250.300.340.350.360.360.360.36
Profit before tax 0.500.520.470.550.450.760.580.60-0.671.420.660.580.52
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 0.370.390.320.410.360.600.420.48-0.541.080.500.450.39
EPS in Rs 0.920.970.791.010.891.491.041.19-1.342.671.241.110.97

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

Quarterly Chart

Profit & Loss - Annual Report

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

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 57.2456.3250.0349.9956.4756.0556.4755.1779.9864.6468.4978.5681.11
Expenses 53.9952.4546.8646.5853.6552.1952.9551.8475.5960.5764.4374.1375.87
Operating Profit 3.253.873.173.412.823.863.523.334.394.074.064.435.24
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 0.20-0.030.480.020.900.460.640.860.400.550.800.881.36
Interest 1.351.711.581.321.441.841.661.411.591.631.642.041.98
Depreciation 1.100.670.670.650.680.690.850.881.011.040.991.351.44
Profit before tax 1.001.461.401.461.601.791.651.902.191.952.231.923.18
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 0.711.061.280.971.181.251.231.421.631.461.681.442.42
EPS in Rs 1.762.623.172.402.923.093.043.514.033.614.163.565.99
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

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 4.044.044.044.044.044.044.044.044.044.044.044.044.04
Reserves 7.056.587.868.8210.0010.7711.5212.9414.5716.0517.7319.1820.13
Borrowings 9.9912.7913.5113.1613.2616.7213.9212.8217.4414.9814.0419.0017.57
Other Liabilities 8.235.003.316.386.505.294.927.758.864.938.786.3110.98
Total Liabilities 29.3128.4128.7232.4033.8036.8234.4037.5544.9140.0044.5948.5352.72
Fixed Assets 7.877.427.339.239.7412.2512.5513.0413.7114.4315.1619.5719.74
CWIP 0.000.000.000.220.220.000.000.000.000.000.760.000.00
Investments 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Other Assets 21.4420.9921.3922.9523.8424.5721.8524.5131.2025.5728.6728.9632.98
Total Assets 29.3128.4128.7232.4033.8036.8234.4037.5544.9140.0044.5948.5352.72

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 3.350.663.005.70-0.731.566.383.53-1.345.755.211.87
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 + -2.631.30-0.71-1.56-1.131.35-4.78-2.443.11-4.02-2.473.02
Net Cash Flow 0.000.171.671.39-3.09-0.050.22-0.180.04-0.030.25-0.07
Free Cash Flow 2.61-1.152.332.94-1.98-1.424.992.24-3.073.992.72-3.11
CFO/OP 123%32%111%181%-10%54%192%118%-17%152%140%52%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 34.6927.5436.7040.3855.7856.4657.7858.4256.9542.2451.9155.94
Inventory Days 113.28126.84136.97137.10118.02133.97105.98132.44117.58144.93138.29107.49
Days Payable 56.4731.4220.0553.6952.2142.6238.3968.6353.7532.0757.1436.83
Cash Conversion Cycle 91.50122.97153.62123.79121.59147.81125.37122.23120.79155.09133.06126.60
Working Capital Days 63.0083.8683.8350.8970.5860.0479.7661.1348.4765.1161.8751.06
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

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 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 5,4085,4005,4025,4115,4175,4345,6915,7035,6955,6995,6653,172

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

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 3.564.163.614.033.51
Diluted EPS (Rs.) 3.564.163.614.033.51
Cash EPS (Rs.) 6.906.616.186.525.69
Book Value[Excl.RevalReserv]/Share (Rs.) 57.4853.9049.7246.0642.03
Book Value[Incl.RevalReserv]/Share (Rs.) 57.4853.9049.7246.0642.03
Revenue From Operations / Share (Rs.) 194.44169.53159.99197.97136.57
PBDIT / Share (Rs.) 12.9011.7811.2511.6510.21
PBIT / Share (Rs.) 9.569.338.679.168.03
PBT / Share (Rs.) 4.765.524.835.434.71
Net Profit / Share (Rs.) 3.564.163.614.033.51
PBDIT Margin (%) 6.636.947.025.887.47
PBIT Margin (%) 4.915.505.424.625.87
PBT Margin (%) 2.443.253.012.743.44
Net Profit Margin (%) 1.832.452.252.032.57
Return on Networth / Equity (%) 6.197.717.258.748.36
Return on Capital Employeed (%) 12.3513.3113.2514.9114.29
Return On Assets (%) 2.963.763.643.623.78
Long Term Debt / Equity (X) 0.300.250.270.290.29
Total Debt / Equity (X) 0.810.640.740.930.75
Asset Turnover Ratio (%) 1.691.621.521.941.53
Current Ratio (X) 1.661.741.871.541.64
Quick Ratio (X) 0.870.770.690.730.80
Inventory Turnover Ratio (X) 5.354.322.473.563.01
Interest Coverage Ratio (X) 2.693.092.933.123.07
Interest Coverage Ratio (Post Tax) (X) 1.742.091.942.082.06
Enterprise Value (Cr.) 47.6935.7830.0535.0421.88
EV / Net Operating Revenue (X) 0.600.520.460.430.39
EV / EBITDA (X) 9.157.526.617.445.31
MarketCap / Net Operating Revenue (X) 0.370.320.230.220.16
Price / BV (X) 1.261.020.760.960.54
Price / Net Operating Revenue (X) 0.370.320.230.220.16
EarningsYield 0.040.070.090.090.15

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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.
INDUSTRYADDRESSCONTACT
Laminates1-4, Uma Industrial Estate, Village Vasna Iyawa, Ahmedabad District Gujarat 382110Contact not found
Management
NamePosition Held
Mr. Shyamal RavalChairman & Non-Exe.Director
Mr. Rishi TikmaniManaging Director
Mr. Ayush KediaNon Executive Director
Ms. Pooja TikmaniJoint Managing Director
Ms. Poonam PanchalIndependent Director

FAQ

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

As of 14 April 2026, Alfa Ica (India) Ltd's intrinsic value is ₹68.26, which is 13.81% lower than the current market price of ₹79.20, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (6.31 %), book value (₹59.8), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Alfa Ica (India) Ltd?

Alfa Ica (India) Ltd is trading at ₹79.20 as of 14 April 2026, with a FY2026-2027 high of ₹123 and low of ₹67.8. The stock is currently near its 52-week low. Market cap stands at ₹32.0 Cr..

How does Alfa Ica (India) Ltd's P/E ratio compare to its industry?

Alfa Ica (India) Ltd has a P/E ratio of 13.2, which is below the industry average of 153.03. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Alfa Ica (India) Ltd financially healthy?

Key indicators for Alfa Ica (India) Ltd: ROCE of 10.1 % is moderate; ROE of 6.31 % is below ideal levels (industry average: 22.92%). Dividend yield is 0.00 %.

Is Alfa Ica (India) Ltd profitable and how is the profit trend?

Alfa Ica (India) Ltd reported a net profit of ₹1 Cr in Mar 2025 on revenue of ₹79 Cr. Compared to ₹2 Cr in Mar 2022, the net profit shows a declining trend.

Does Alfa Ica (India) Ltd pay dividends?

Alfa Ica (India) Ltd has a dividend yield of 0.00 % at the current price of ₹79.20. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Alfa Ica (India) Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
Explore Industry-wise Stock Analysis Reports