Credit rating agency, ICRA has assigned an LB+ rating to the Rs 50 crore fund based limits of Alpine Housing Development Corporation (AHDCL).
The rating is constrained by the company’s reduced scale of operations in recent past owing to the economic recession and the impact on real estate sector in particular; increased working capital intensity resulting from high level of receivables and increased inventory levels; loss making performance of the manufacturing division of the company; and re-financing risks arising from the fact that a significant debt repayment is scheduled within one year.
Alpine Housing Development Corporation is a part of Alpine group and operates in two business segments namely; Real Estate / Property Development and manufacturing - concrete sleepers and inserts.
| Company Name | CMP |
|---|---|
| Lodha Developers | 948.50 |
| Dilip Buildcon | 479.70 |
| DLF | 609.05 |
| Oberoi Realty | 1672.50 |
| Ahluwalia Contract(I | 853.00 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: