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Alfa Ica (India) Ltd logo

Alfa Ica (India) Ltd

NSE: BSE: 530973

75.30

(-5.88%)

Tue, 03 Mar 2026, 06:29 pm

Alfa Ica (India) Analysis

dividend

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Pros

  • Dividends paid are well covered by earnings (3.3x coverage).
  • Alfa Ica (India)'s pays a higher dividend yield than the bottom 25% of dividend payers in India (0.76%).
  • Alfa Ica (India)'s dividend is above the markets top 25% of dividend payers in India (3.08%).
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Cons

  • Alfa Ica (India) has only been paying a dividend for 2 years, and since then there has been no growth.
  • Whilst dividend payments have been stable, Alfa Ica (India) has been paying a dividend for less than 10 years.

health

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Pros

  • Alfa Ica (India) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Alfa Ica (India) is profitable, therefore cash runway is not a concern.
  • Alfa Ica (India) is profitable, therefore cash runway is not a concern.
  • Debt is well covered by operating cash flow (58.7%, greater than 20% of total debt).
  • Debt is covered by short term assets, assets are 1.7x debt.
  • Alfa Ica (India)'s cash and other short term assets cover its long term commitments.
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Cons

  • The level of debt compared to net worth has increased over the past 5 years (92.4% vs 93.2% today).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.3x annual interest expense, ideally 3x coverage).
  • Alfa Ica (India)'s level of debt (93.2%) compared to net worth is high (greater than 40%).
  • High level of physical assets or inventory.

management

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Pros

  • The tenure for the Alfa Ica (India) board of directors is about average.
  • Rishi's remuneration is about average for companies of similar size in India.
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Cons

  • Rishi's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.

misc

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Pros

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    Cons

    • Alfa Ica (India) is not covered by any analysts.
    • Alfa Ica (India) has significant price volatility in the past 3 months.

    past

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    Pros

    • Alfa Ica (India)'s 1-year earnings growth exceeds its 5-year average (13.6% vs 2.5%)
    • Alfa Ica (India)'s year on year earnings growth rate has been positive over the past 5 years.
    • Alfa Ica (India) used its assets more efficiently than the IN Consumer Durables industry average last year based on Return on Assets.
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    Cons

    • Alfa Ica (India)'s use of capital has not improved over the past 3 years (Return on Capital Employed).
    • Alfa Ica (India) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
    • Alfa Ica (India)'s earnings growth has not exceeded the IN Consumer Durables industry average in the past year (13.6% vs 14.3%).

    value

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    Pros

    • Alfa Ica (India)'s share price is below the future cash flow value, and at a moderate discount (> 20%).
    • Alfa Ica (India)'s share price is below the future cash flow value, and at a substantial discount (> 40%).
    • Alfa Ica (India) is good value based on assets compared to the IN Consumer Durables industry average.
    • Alfa Ica (India) is good value based on earnings compared to the IN Consumer Durables industry average.
    • Alfa Ica (India) is good value based on earnings compared to the India market.
    • BSE:530973 is up 15.9% outperforming the Consumer Durables industry which returned 6.7% over the past month.
    • BSE:530973 is up 15.9% outperforming the market in India which returned 8% over the past month.
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    Cons

    • 530973 underperformed the Consumer Durables industry which returned 5.6% over the past year.
    • 530973 underperformed the Market in India which returned -14.5% over the past year.

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