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Alfa Ica (India) Ltd (530973)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530973 NSE: Laminates/Decoratives | Small Cap | Alfa Ica (India) Share Price

₹75.60 3.60 (5.00%)

As on 04-Jun'26 16:59

Alfa Ica (India) Ltd (530973)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530973 NSE: Laminates/Decoratives | Small Cap | Alfa Ica (India) Share Price

₹75.60 3.60 (5.00%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹31 Cr.
Current Price
₹75.6
52-Week Low / High
₹68 / 123
TTM EPS
₹4.7
TTM Sales
₹86.6 Cr.
Book Value per Share
₹62.2
P/E Ratio
16.09
Higher than its 5-year historical median
Industry PE
39.3
Price to Book (P/B)
1.22
Higher than its 5-year historical median
Price to Sales (P/S)
0.35
In line with its 5-year historical median
EV/EBITDA
7.85
In line with its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
6.39%
Underperforms industry median
Return on Capital Employed (ROCE)
10.15%
Underperforms industry median
Return on Assets (ROA)
3.09%
Operating Profit Margin
5.6%
Net Profit Margin
1.83%
Gross Profit Margin
4.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
14.7%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
9.93%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-14.29%
Asset Quality
Promoter Holding
71.12%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹21 Cr.
Equity
₹4 Cr.
Face Value
₹10
All Time Low / High
₹1.75 / 126.00

Alfa Ica (India) stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Alfa Ica (India) Ltd a good quality company?
Alfa Ica (India) Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Alfa Ica (India) Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Alfa Ica (India) Ltd vs industry peers?
Alfa Ica (India) Ltd revenue CAGR is 6.83%, compared to the industry median CAGR of 4.40%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Alfa Ica (India) Ltd?
Promoters hold 71.12% of the Alfa Ica (India) Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Alfa Ica (India) Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 13.1% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Alfa Ica (India) Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 12.2%10.8%11.4%12.3%10.8%11.2%11.5%10.1%10.9%10.2%-
Value Creation
Index
-0.1-0.2-0.2-0.1-0.2-0.2-0.2-0.3-0.2-0.3-

Growth Parameters

Sales 50.850.756.656.156.555.28064.668.578.687
Sales YoY Gr.--0.3%11.7%-1%0.8%-2.3%45%-19.2%6%14.7%-
Adj EPS 2.43.21.42.322.33.42.72.82.14.7
YoY Gr.-30.7%-57.4%70.6%-16%16.9%46.9%-20.3%3.8%-25.6%-
BVPS (₹) 29.531.834.836.738.54246.149.753.957.562.2
Adj Net
Profit
11.30.60.90.80.91.41.11.10.82
Cash Flow from Ops. 35.7-0.71.66.43.5-1.35.85.21.9-
Debt/CF from Ops. 4.52.3-18.310.72.23.6-132.62.710.2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 5%6.8%-0.6%14.7%
Adj EPS -1.9%1.1%-15%-25.6%
BVPS7.7%8.3%7.7%6.6%
Share Price 13.3% 20.7% 25.4% -4.5%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
8.810.44.16.55.25.77.65.65.43.77.9
Op. Profit
Mgn %
6.27.656.96.265.56.35.95.64.7
Net Profit
Mgn %
1.92.511.71.41.71.71.71.61.12.2
Debt to
Equity
1.110.91.10.90.80.90.80.60.80.2
Working Cap
Days
13813613815714815112615914213267
Cash Conv.
Cycle
104988910710698801141019124

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales50.8150.6856.6356.0556.4755.1779.9864.6468.4978.56
Operating Expenses + 47.7447.2853.8752.2052.9651.8575.6560.5664.4674.12
Manufacturing Costs8.818.358.858.649.9910.3812.5811.7615.5715.65
Material Costs34.5934.1239.7137.6835.7434.0950.6740.1741.6546.18
Employee Cost 0.400.550.901.041.121.201.341.341.291.41
Other Costs 3.944.254.414.836.116.1811.067.295.9510.89
Operating Profit 3.073.402.763.853.513.334.334.074.034.43
Operating Profit Margin (%) 6.0%6.7%4.9%6.9%6.2%6.0%5.4%6.3%5.9%5.6%
Other Income + 0.580.020.960.460.640.860.460.550.820.88
Exceptional Items 0000000000
Interest 1.581.321.441.841.661.411.591.631.642.04
Depreciation 0.670.650.680.690.850.881.011.040.991.35
Profit Before Tax 1.401.451.601.791.651.902.191.952.231.92
Tax 0.120.490.420.540.420.480.570.490.550.49
Profit After Tax 1.280.971.181.251.231.421.631.461.681.44
PAT Margin (%) 2.5%1.9%2.1%2.2%2.2%2.6%2.0%2.3%2.5%1.8%
Adjusted EPS (₹)3.22.42.93.13.13.54.03.64.23.6
Dividend Payout Ratio (%)0%0%34.30%32.40%0%0%0%0%0%0%

Valuation of Alfa Ica (India) - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 11.9012.8614.0414.8115.5616.9818.6120.0921.7823.22
Share Capital 4.044.044.044.044.044.044.044.044.044.04
Reserves 7.868.821010.7711.5212.9414.5716.0517.7419.18
Debt +13.5113.1513.2616.7113.9212.8317.4414.9714.0419
Long Term Debt8.546.516.696.389.875.055.495.585.667.02
Short Term Debt4.986.656.5710.334.057.7711.959.408.3811.98
Minority Interest0000000000
Trade Payables1.905.025.684.403.766.417.463.536.524.66
Others Liabilities 1.401.360.820.911.161.331.401.412.261.64
Total Liabilities 28.7232.3933.8036.8334.4037.5544.914044.6048.53

Fixed Assets

Net Fixed Assets +7.339.239.7412.2512.5513.0413.7114.4315.1619.57
Gross Block16.5518.9820.0523.1923.8925.0126.5328.1829.6235.33
Accumulated Depreciation9.229.7510.3110.9411.3511.9812.8213.7514.4615.76
CWIP 00.220.22000000.760
Investments 0000000000
Inventories12.9812.8212.8413.8310.3812.3716.3215.9515.7813.60
Trade Receivables5.035.538.638.678.948.8312.487.489.7412.04
Cash Equivalents 1.873.260.170.120.440.260.300.280.530.46
Others Assets 1.511.332.201.952.103.052.101.862.632.85
Total Assets 28.7232.3933.8036.8334.4037.5544.914044.6048.53

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 35.70-0.731.566.383.53-1.345.755.211.87
PBT 1.401.451.601.791.651.902.191.952.231.92
Adjustment 2.141.841.962.282.592.132.562.592.533.25
Changes in Working Capital -0.022.89-3.84-1.992.51-0.1-5.521.630.93-2.89
Tax Paid -0.52-0.47-0.44-0.51-0.37-0.40-0.58-0.42-0.49-0.42
Cash Flow From Investing Activity + -0.62-2.75-1.24-2.95-1.39-1.27-1.73-1.75-2.48-4.96
Capex -0.68-2.77-1.25-2.97-1.39-1.28-1.73-1.76-2.49-4.98
Net Investments 0000000000
Others 0.060.010.010.020.010.010.010.010.010.01
Cash Flow From Financing Activity + -0.71-1.56-1.131.35-4.78-2.443.11-4.02-2.473.02
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00000-4.820.440.090.081.36
Interest Paid -1.43-1.20-1.24-1.62-1.50-1.34-1.51-1.55-1.54-1.94
Dividend Paid 000-0.40-0.4000000
Others 0.72-0.360.113.37-2.873.724.18-2.56-1.013.60
Net Cash Flow 1.671.39-3.09-0.050.22-0.180.04-0.030.25-0.07

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)11.367.88.768.638.118.739.147.538.026.39
ROCE (%)12.2210.7811.412.3110.8411.1611.4810.0810.9110.15
Asset Turnover Ratio1.861.731.731.591.591.531.941.521.621.69
PAT to CFO Conversion(x)2.345.88-0.621.255.192.49-0.823.943.11.3
Working Capital Days
Receivable Days31.8036.504556.3056.9058.8048.6056.4045.9050.60
Inventory Days93.4089.2081.7086.9078.2075.3065.5091.1084.6068.30
Payable Days28.603749.1048.8041.7054.505049.9044.1044.20

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Alfa Ica (India) Ltd FAQs

The current trading price of Alfa Ica (India) on 04-Jun-2026 16:59 is ₹75.60.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of Alfa Ica (India) stood at ₹30.54 Cr

The latest P/E ratio of Alfa Ica (India) as of 03-Jun-2026 is 16.09.

The latest P/B ratio of Alfa Ica (India) as of 03-Jun-2026 is 1.22.

The 52-week high of Alfa Ica (India) is ₹123.0 and the 52-week low is ₹67.78.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Alfa Ica (India) is ₹86.64 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Alfa Ica (India) Ltd is a below average quality company.

The key valuation ratios of Alfa Ica (India) Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Alfa Ica (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Alfa Ica (India) Ltd

Alfa Ica is an ISO 9001 : 2000 certified company assuring highest customers satisfaction & with commitment of consistent innovation by introduction of new designs as well as finishes to feed the creative mind of interior decorators and furniture designers. The company produces about 6 million sq. mts. laminates in different varieties. It has manufacturing facilities in Ahmedabad, Gujarat. The company export high volumes to Europe, USA, Australia, Hong Kong, Singapore, Taiwan, etc.

Alfa Ica is government recognized Star Export House, a recognition provided by Government of India to companies fulfilling certain credentials. The company is well represented through its various offices in Europe and agents / dealers in various countries. It also holds ISO-14001-2004 certification.

The company has a variety of production line and products. All products are tested to EN 438 generally and for specific requirement to Nema LD 3 and ISO 4586.

Products offered by the company

  • Standard Decorative Laminates (High Pressure Laminates)
  • Post Formable Laminates
  • Compacts
  • Flooring Grade (High Wear Resistant) Laminates
  • Solido 363
  • Laboratory Grade Compacts
  • Fire Retardant Laminate & Compacts
  • Exterior Compacts
  • Metal Covered Laminates
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