Alfa Ica India Ltd (ALFAICA)

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Alfa Ica India Ltd (ALFAICA) · mywealthgrid

About

Alfa Ica India Ltd operates in Plastic Products - Industrial within the Industrials sector.

Face value: ₹10

Market cap

₹30 Cr

P/E

21.2×

P/B

1.2×

Dividend yield

ROE

7.9%

ROCE

14.3%

Debt / equity

0.67

OPM

4.7%

EPS (TTM)

₹3.5

Book value

₹62.2

52-week high

—

52-week low

—

1,720 historical price candles were omitted because the exchange source has not been verified.

₹75.3+1.8%1Y

Quick read

rule-based

Pros

+High promoter holding of 71.1% with no pledge

Cons

−Low return on equity of 7.4% (3-yr avg)
−Thin operating margin of 4.7%
−Modest revenue growth of 9.4% a year over the last 5 years

Research score

Structured signal from quality, growth, valuation and momentum.

54/100

Business quality: 24
Growth: 68
Valuation: 71

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Supreme Industries LimitedSUPREMEINDSUPREMEIND	₹42,926 Cr	₹42,926 Cr	₹11,326 Cr	₹1,632 Cr	13.9%	₹1,032 Cr	8.5%	19.1%	16.1%	44
Garware Hi-Tech Films LimitedGRWRHITECHGRWRHITECH	₹16,067 Cr	₹16,067 Cr	₹2,258 Cr	₹497 Cr	20.5%	₹388 Cr	16%	17.6%	13.5%	89
Finolex Industries LimitedFINPIPEFINPIPE	₹9,338 Cr	₹9,775 Cr	₹3,954 Cr	₹692 Cr	16.5%	₹615 Cr	14.6%	12.2%	9.7%	133
Kingfa Science & Technology (India) LimitedKINGFAKINGFA	₹8,958 Cr	₹8,958 Cr	₹2,222 Cr	₹314 Cr	13.1%	₹226 Cr	9.3%	23.6%	17.4%	100
Time Technoplast LimitedTIMETECHNOTIMETECHNO	₹8,869 Cr	₹9,508 Cr	₹6,445 Cr	₹922 Cr	14.6%	₹490 Cr	7.8%	18.2%	13.4%	161
Prince Pipes And Fittings LimitedPRINCEPIPEPRINCEPIPE	₹2,731 Cr	₹2,871 Cr	₹2,627 Cr	₹270 Cr	8.9%	₹102 Cr	2.8%	6.4%	4.5%	71
Apollo Pipes LimitedAPOLLOPIPEAPOLLOPIPE	₹2,255 Cr	₹2,379 Cr	₹1,125 Cr	₹49 Cr	6%	₹-15 Cr	0.4%	2.1%	0.6%	58
Jain Irrigation Systems LimitedJISLJALEQSJISLJALEQS	₹1,951 Cr	₹6,013 Cr	₹6,362 Cr	₹765 Cr	12.5%	₹-53 Cr	-0.6%	7.3%	-0.4%	230
Jai Corp LimitedJAICORPLTDJAICORPLTD	₹1,571 Cr	₹1,571 Cr	₹541 Cr	₹70 Cr	10.6%	₹93 Cr	32.9%	13.1%	11.7%	269
Premier Polyfilm LimitedPREMIERPOLPREMIERPOL	₹949 Cr	₹949 Cr	₹365 Cr	₹50 Cr	13.6%	₹35 Cr	9.4%	31.2%	24.1%	102
R M Drip And Sprinklers Systems LimitedRMDRIPRMDRIP	₹587 Cr	₹640 Cr	₹207 Cr	₹53 Cr	26.6%	₹35 Cr	17.7%	33.6%	31.5%	268
Prakash Pipes LimitedPPLPPL	₹582 Cr	₹621 Cr	₹780 Cr	₹118 Cr	15.1%	₹83 Cr	10.7%	28.6%	20.5%	—

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	49	49	57	56	56	55	80	65	68	79	87
COGS	—	—	-40	-38	-35	-34	51	40	42	46	52
Gross profit	—	—	—	—	—	—	29	24	27	32	34
	48	47	95	90	89	86	25	20	23	28	30
	2	1	3	4	3	3	4	4	4	4	4
OPM %	3.2%	2.5%	4.5%	6.5%	6%	5.9%	5.3%	6.2%	5.7%	5.5%	4.7%
Depreciation	1	1	1	1	1	1	1	1	1	1	1
Interest	1	1	1	2	2	1	2	2	2	2	2
	—	—	—	0	1	1	0	1	1	1	2
Profit before tax	1	1	2	2	2	2	2	2	2	2	3
Tax	—	0	0	1	0	0	1	0	1	0	1
Tax %	—	33.8%	26.3%	30.7%	25.5%	25.8%	26%	25.1%	24.7%	25.5%	25.5%
	1	1	1	1	1	1	2	1	2	1	2
PAT margin %	2.6%	2%	2.1%	2.2%	2.2%	2.6%	2%	2.3%	2.5%	1.8%	2.2%
EPS (₹)	3.2	2.4	2.9	3.1	3.1	3.5	—	—	—	—	4.7
EPS adjusted (₹)	—	—	—	—	—	3.5	4	3.6	4.2	3.6	4.7
	0%	0%	34.2%	32.5%	0%	0%	—	—	—	—	—
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	4	4	4	4	4	4
Reserves	13	15	16	18	19	21
	13	17	15	14	19	17
	8	9	5	9	6	11
Total equity & liabilities	38	45	40	45	49	53
	13	14	14	15	20	20
CWIP	—	—	—	—	0	0
Investments	—	—	—	—	0	0
	25	31	26	29	29	33
Total assets	38	45	40	45	49	53

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	4	-1	6	5	2	6
	-1	-2	-2	-2	-5	-2
	-2	3	-4	-2	3	-4
Net cash flow	-0	0	-0	0	-0	-0
Free cash flow	2	-3	4	3	-3	4
CFO / Operating profit %	108.3%	-31.5%	143.8%	132.6%	43.1%	144.4%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	36.7%	37.9%	39.2%	41.2%	39.5%
EBITDA margin %	6.5%	6%	5.9%	5.3%	6.2%	5.7%	5.5%	4.7%
EBIT margin %	5.2%	4.4%	4.3%	4.1%	4.6%	4.3%	3.8%	3%
PAT margin %	2.2%	2.2%	2.6%	2%	2.3%	2.5%	1.8%	2.2%
Working capital
Receivable days	—	—	58	57	42	52	56	57
Inventory days	—	—	87	118	145	138	107	102
Payable days	—	—	—	—	—	—	—	57
NWC days	—	—	—	—	—	—	—	102
Leverage
Current ratio	—	—	1.64	1.54	1.87	1.74	1.66	1.58
Debt to EBITDA	—	—	3.93	4.09	3.75	3.57	4.38	4.16
Debt to equity	—	—	0.76	0.94	0.75	0.64	0.82	0.67
Interest coverage	2.1	2.1	2.4	2.5	2.3	2.4	2	2.3
Asset turnover	—	—	1.47	1.78	1.62	1.54	1.62	1.65
Return ratios
Return on assets %	—	—	3.8%	3.6%	3.7%	3.8%	3%	3.6%
Return on capital employed %	—	—	14.3%	15.6%	13.7%	13.7%	13%	14.3%
Return on equity %	—	—	8.4%	8.8%	7.3%	7.7%	6.2%	7.6%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	71.12%	71.12%	71.12%	71.12%	71.12%	71.12%	71.12%	71.12%	71.12%	71.12%	71.12%	71.12%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	28.83%	28.83%	28.83%	28.83%	28.83%	28.83%	28.83%	28.83%	28.83%	28.83%	28.83%	28.83%
No. of shareholders	—	—	—	—	—	—	—	—	5,665	3,172	3,104	3,077

Promoter holding up 0 percentage points since Sep 2023.

Mr. Rishi R TikmaniExecutive Director-Chairperson related to Promoter-MD
Ms. Pooja TikmaniExecutive Director-MD
Hansraj Sohanlal ShekhaniChief Financial Officer
Mr. Shyamal RavalNon-Executive - Non Independent Director
Mr. Ayush KediaNon-Executive - Independent Director
Ms. Poonam PanchalNon-Executive - Independent Director
Ms. Dhara MistryCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Alfa Ica India Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

2

Final dividend28 Aug 2019 · ex-date₹1
Final dividend29 Aug 2018 · ex-date₹1

1

Board meeting to consider results8 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

19 announcementsExport CSV

27 Sept 2026, 12:23 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	36.7%	37.9%	39.2%	41.2%	39.5%
EBITDA margin %	6.5%	6%	5.9%	5.3%	6.2%	5.7%	5.5%	4.7%
EBIT margin %	5.2%	4.4%	4.3%	4.1%	4.6%	4.3%	3.8%	3%
PAT margin %	2.2%	2.2%	2.6%	2%	2.3%	2.5%	1.8%	2.2%
Working capital
Receivable days	—	—	58	57	42	52	56	57
Inventory days	—	—	87	118	145	138	107	102
Payable days	—	—	—	—	—	—	—	57
NWC days	—	—	—	—	—	—	—	102
Leverage
Current ratio	—	—	1.64	1.54	1.87	1.74	1.66	1.58
Debt to EBITDA	—	—	3.93	4.09	3.75	3.57	4.38	4.16
Debt to equity	—	—	0.76	0.94	0.75	0.64	0.82	0.67
Interest coverage	2.1	2.1	2.4	2.5	2.3	2.4	2	2.3
Asset turnover	—	—	1.47	1.78	1.62	1.54	1.62	1.65
Return ratios
Return on assets %	—	—	3.8%	3.6%	3.7%	3.8%	3%	3.6%
Return on capital employed %	—	—	14.3%	15.6%	13.7%	13.7%	13%	14.3%
Return on equity %	—	—	8.4%	8.8%	7.3%	7.7%	6.2%	7.6%

Date	Category	Subject	Filing
27 Sept 2026, 12:23 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
21 Sept 2026, 9:32 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
28 Aug 2026, 5:09 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
27 Aug 2026, 6:47 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
27 Aug 2026, 12:41 am	AGM/EGM AGM	Resubmission Of 35Th Annual General Meeting Notice	PDF
27 Aug 2026, 12:07 am	AGM/EGM AGM	Notice Of 35Th Annual General Meeting	PDF
9 Aug 2026, 3:51 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
8 Aug 2026, 2:40 pm	Board Meeting Outcome of Board Meeting	Board Meeting Outcome for Held On 8Th August 2026	PDF

Alfa Ica India Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

2

1

Announcements

Not in the F&O segment

No fund holdings on record

2

1

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Return on equity

Alfa Ica India Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Dividends2

Board meetings1

Announcements

Ratio timeline

Quarterly record

Board and management

Not in the F&O segment

No fund holdings on record

Dividends2

Board meetings1

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

2

1

2

1