Alps Industries Ltd Stock Analysis

BSE: 530715 | NSE: ALPSINDUS | Textile | Small Cap

BSE Share Price 29-Nov-2023 18:00
2.09 0.08 (3.98%)

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Alps Inds Price Chart

P/E Ratio (SA):
Market Cap:
7.9 Cr.
52-wk low:
52-wk high:
Bole Toh?

1. Is Alps Industries Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Alps Industries Ltd is a average quality company.

2. Is Alps Industries Ltd undervalued or overvalued?

The key valuation ratios of Alps Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Alps Industries Ltd a good buy now?

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

10 Year X-Ray of Alps Inds:

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.
Alps Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

ROCE % -5.2%-4.2%-5%-15.7%-21.9%-11.6%-31.3%-24.6%-52.6%1,840.4%-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 80664358250136337131325430217.95
YoY Gr. Rt. %--20.3%-9.5%-13.9%-27.4%2.1%-15.6%-18.9%19%-94.1%-
Adj EPS -31-7.9-7.5-16.9-30-20.6-30.9-20.4-20.6-15.4-15.3
BVPS (₹) -163-170.8-165.6-175.8-96-112.1-141.6-160.6-182.3-197.7-204.7
Adj Net Profit -121-30.9-29.4-65.9-117-80.5-121-79.9-80.5-60.3-60
Cash Flow from Ops. 1140.241285.146.661.5-12.236.2-58.138.1-
Debt/CF from Ops. 9.6618129.315.512.6-60.221.3-12.320.2-


CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -34.5%-45.2%-61.5%-94.1%
Share Price 2.3% -10.6% 27.9% -11.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Return on Equity % 3987.516.529.519.824.313.5128.17.6
Op. Profit Mgn % 41.6-4-9.2-80.6-17.9-6.8-4.7-40-119.5
Net Profit Mgn % -15-4.8-5.1-13.2-32.3-21.7-38.6-31.5-26.6-336.2-1234.5
Debt to Equity -3-2.7-2.2-1.9-1.9-1.8-1.3-1.2-1-1-
Working Cap Days 235302233124109868811076457184
Cash Conv. Cycle 1882431706657403637251190

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 7.60%

Sales growth has been subdued in last 3 years -61.45%

Sales growth is not so good in last 4 quarters at -85.18%

Latest Financials - Alps Industries Ltd.

Standalone Consolidated
TTM EPS (₹) -15.3 -15.2
TTM Sales (₹ Cr.) 4.9 4.9
BVPS (₹.) -204.7 -204.6
Reserves (₹ Cr.) -840 -840
P/BV -0.01 -0.01
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 1.17 / 2.85
All Time Low / High (₹) 0.61 / 142.50
Market Cap (₹ Cr.) 7.9
Equity (₹ Cr.) 39.1
Face Value (₹) 10
Industry PE 41.6

Management X-Ray of Alps Inds :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *37.9737.9737.9737.9737.9737.9737.9737.9737.9737.97
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Alps Inds

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)


Alps Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Alps Inds on 29-Nov-2023 18:00 is : 2.09.
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 29-Nov-2023 18:00 the market cap of Alps Inds stood at ₹ 7.86.
The latest PE ratio of Alps Inds as of 29-Nov-2023 18:00 is 0.00.
The latest PB ratio of Alps Inds as of 29-Nov-2023 18:00 is -0.01
The 52-week high of Alps Inds is ₹ 2.85 and the 52-week low is ₹ 1.17.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Alps Inds is ₹ 4.86 ( Cr.) .

About Alps Industries Ltd

Alps Industries was originally incorporated as Alps Textiles Private Limited on  May 11,1972 with Registrar of Companies, Uttar Pradesh, Kanpur, it was converted into a Public Limited Company vide fresh certificate of incorporation dated September 2,1994. The name was changed to its present name, Alps Industries Limited vide fresh certificate of incorporation dated  November15,1994.

The Company commenced with installation of handlooms for manufacturing various types of fabrics and made-ups.Initially, the Company began with manufacturing home furnishing items and table and bed linen for the hotel industry in the domestic market and subsequently commenced exports of the said items. Presently, the Company exports to various countries like USA, Canada, European Union, South Africa and Hong Kong. The Company exports to reputed stores like Park B. Smith, USA; J. C. Penney, USA; House of Fraser, UK; Marks & Spencer, UK; Pablo Panicker, EU; Springs, USA; Habitat, UK and France; Sanders, Germany; L'eclerc, France.

The Company has also added a range of fashion accessory products like shawls, stoles, mufflers, wraps, scarves, etc. to its product portfolio which are sold in domestic and export market. In the domestic market, these products are marketed under its own brand, Le Pashmina, which is a registered trademark of the company. The Company's business model is focused around production and marketing of home furnishing and fashion accessories in its textile division. Presently, the Company distributes its products in North America directly as well as through Mr. Park B. Smith, with whom the Company enjoys a decade long relationship.

The Company introduced a range of window coverings (Venetian and vertical blinds, drapery rods) in the early 1990s. Thereafter it added awnings, garden umbrellas and wooden floorings to its range of interior decorative products. These products are marketed in the Indian market under its own brand name of Vista, which is a registered Trademark of the company.

Alps industries own brands like Vista and Le Pashmina. Vista offers complete solutions to Window Fashions, Floor Fashions, Home Furnishings and Glazings to give a face-lift to your buildings. On other hand, Le Pashmina offers wide variety of shawls ranging from elegant plain shawls to splendid Jamawar and from plain Pashmina to embroidered Pashmina.

Company operates subsidiaries namely Alps USA Inc, Alps Energy Private Limited, Alps Retail Private Limited and Alps Spandex India Limited

Company operates 10 manufacturing units which are located in Uttar Pradesh, Uttarakhand and Pondicherry


  • Yarn
  • Home Furnishings
  • Natural & Eco Dyes
  • Organic Cotton


  • 1972 - Incorporated as Private Limited Company
  • 1974 - Entered export market, commenced exports to USA, Canada, Hong Kong, European countries
  • 1976  -Awarded the status of Government recognised exporter
  • 1989 - Tie up with Levolor Corporation of USA and setting up of manufacturing facility for Venetian blinds and vertical blinds for window coverings
  • 1994 -Converted into a Public Limited Company
  • Process patent issued for producing dyestuffs from plant material valid for 20 years
  • 1995 - Initial Public Offer of the Company
    -Setting up of manufacturing facility for Awnings (exterior window coverings)
  • 1998 - Tripartite Agreement between the Company, TIFAC and IIT, Delhi for research and development on the extraction, purification and standardization of natural dyes
  • 1999 - Launched home furnishings and laminated wooden flooring under 'Vista' brand
    -Registered the brand 'Vista' with Registrar of Trademarks, Govt. of India.
    -Introduction of fashion accessories
    -Awarded status of Golden Trading House
    -Obtained ISO 14001:1996 certification for EMS from KPMG for Unit IV
  • 2000 -Obtained ISO 9002:1994 certification from KPMG for Unit IV
  • 2001 -R&D facilities recognised by the Department of Science and Technology, Government of India
  • 2003 - Commenced supply to reputed international brands like JC Penney, USA; Springs, USA, Marks & Spencer, UK
  • 2004 - Commercial launch of exports of natural dyes
  • 2005 - License Agreement signed with Walt Disney Company (India) Private Limited entitling the Company to use certain Disney characters
    -Letter of Intent received from the Government of Uttaranchal for a yarn spinning facility of 50,000 spindles on lease basis at Kashipur, Uttaranchal for a period of 10 years.
    -Commenced Haridwar project implementation

Awards/ Recognition

  • 1985 - Alps Industries won Shiromani Award from Indian Business Council.
  • 1987-88 – Company won bronze trophy from Texprocil Export.
  • 1995-97 – It was awarded Udyog Bandhu Award from the Chamber of Indian Trade & Industry.
  • 1995-96 – Company received certificate of merit by Ministry of Commerce.
  • 1997-98 - Alps Industries bagged gold medal by Ministry of Textiles.
  • 2000-01- Company was awarded Lalit Doshi Memorial Award from SICOM.
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