Alpine Housing Development Corporation Ltd (ALPINEHOU)

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Alpine Housing Development Corporation Ltd (ALPINEHOU) · mywealthgrid

About

Alpine develops residential and commercial real estate projects; market cap ₹221.27 Cr. Promoter-controlled (73.86%) with minimal institutional participation. Small-scale discretionary realty player.

Face value: ₹10

Market cap

₹166 Cr

P/E

32.7×

P/B

1.9×

Dividend yield

0.5%

ROE

6.9%

ROCE

10.1%

Debt / equity

0.16

OPM

10.8%

EPS (TTM)

₹2.9

Book value

₹51.7

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Revenue highly variable by project: swings ₹9.43 Cr to ₹21.52 Cr across quarters; profit and margin recognition project-dependent
Valuation concerns: PE 43.7, 1y return -14.1%; verify growth assumptions justify premium
Institutional abandonment: zero FII, 0.21% DII creates illiquidity, minimal analyst scrutiny, weaker governance monitoring
Sector cyclicality: realty sensitive to credit cycles and demand; verify RBI policy, housing demand, land costs

Generated analysis · source review pending

Growth drivers

Margin expansion: OPM 23.64% in Mar 2025 vs prior quarter 10.18%; verify if project-mix driven or sustainable operational gains
Capex leeway: D/E 0.21 leaves balance-sheet room for land and project investment; verify pipeline and acquisition plans
Segment diversification: residential and commercial exposure in portfolio; verify which segment growing and relative margins
Results momentum: latest results announced Aug 2026 with profit ₹2.34 Cr; verify forward project completions and pre-sales visibility

Generated analysis · source review pending

2,138 historical price candles were omitted because the exchange source has not been verified.

₹95.8-2%1Y

Quick read

rule-based

Pros

+Profit CAGR of 16.2% over the last 5 years
+High promoter holding of 73.9% with no pledge

Cons

−Low return on equity of 5.9% (3-yr avg)

Research score

Structured signal from quality, growth, valuation and momentum.

52/100

Business quality: 33
Growth: 71
Valuation: 51

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
Lodha Developers LimitedLODHALODHA	₹1,10,460 Cr	₹1,20,344 Cr	₹18,181 Cr	₹5,859 Cr	29.5%	₹4,126 Cr	20.6%	20.1%	15.8%	1,405
The Phoenix Mills LimitedPHOENIXLTDPHOENIXLTD	₹69,017 Cr	₹74,313 Cr	₹4,545 Cr	₹2,714 Cr	59.6%	₹1,280 Cr	35.2%	12.4%	11.4%	734
Prestige Estates Projects LimitedPRESTIGEPRESTIGE	₹64,006 Cr	₹78,992 Cr	₹13,053 Cr	₹3,675 Cr	29.2%	₹1,139 Cr	10.3%	13.6%	7.5%	2,755
Oberoi Realty LimitedOBEROIRLTYOBEROIRLTY	₹63,797 Cr	₹66,613 Cr	₹6,322 Cr	₹3,572 Cr	55.9%	₹2,630 Cr	41.7%	17.5%	14.9%	1,581
Godrej Properties LimitedGODREJPROPGODREJPROP	₹48,065 Cr	₹63,680 Cr	₹5,203 Cr	₹-458 Cr	-8.1%	₹1,600 Cr	35.9%	12.5%	10.1%	6,464
Anant Raj LimitedANANTRAJANANTRAJ	₹20,797 Cr	₹21,403 Cr	₹2,551 Cr	₹688 Cr	26.1%	₹579 Cr	22.2%	12%	11.2%	236
Brigade Enterprises LimitedBRIGADEBRIGADE	₹18,579 Cr	₹24,688 Cr	₹5,532 Cr	₹1,465 Cr	25.1%	₹695 Cr	12.7%	11.1%	10.3%	938
Horizon Industrial Parks LimitedHORIZONINDHORIZONIND	₹14,025 Cr	₹20,910 Cr	₹691 Cr	₹531 Cr	76.9%	₹-198 Cr	-29.5%	3.3%	-5.9%	-46
Sobha LimitedSOBHASOBHA	₹12,968 Cr	₹13,970 Cr	₹5,617 Cr	₹364 Cr	6%	₹231 Cr	3.7%	7.4%	4.2%	17,827
Aditya Birla Real Estate LimitedABRELABREL	₹12,293 Cr	₹17,929 Cr	₹450 Cr	₹-375 Cr	-88.2%	₹-116 Cr	-83%	-4.4%	-2.7%	22,467
Sri Lotus Developers And Realty LimitedLOTUSDEVLOTUSDEV	₹11,244 Cr	₹11,374 Cr	₹840 Cr	₹299 Cr	36.5%	₹257 Cr	31.6%	22.3%	16.7%	840
Signatureglobal (India) LimitedSIGNATURESIGNATURE	₹10,376 Cr	₹13,317 Cr	₹2,282 Cr	₹-126 Cr	-1.9%	₹1,044 Cr	42.2%	3.4%	85%	1,407

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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
	25	29	32	31	41	42	45	48	55	55	73
COGS	21	-2	-16	-16	-30	16	20	22	19	35	42
Gross profit	4	—	—	—	—	26	25	25	36	20	31
	-1	26	41	42	65	20	20	21	32	14	23
	5	5	6	6	6	6	5	5	4	6	8
OPM %	21.6%	16.9%	19.6%	18.6%	14.6%	13.7%	11.3%	9.7%	8.2%	10.1%	10.8%
Depreciation	—	—	—	1	1	1	1	1	1	1	1
Interest	1	1	2	2	3	3	3	2	2	2	2
	—	—	—	1	2	1	1	1	3	4	3
Profit before tax	5	4	4	4	4	3	3	3	4	6	7
Tax	1	1	1	1	1	1	0	0	1	1	1
Tax %	22.6%	18.6%	14.6%	21.5%	15%	17%	17.8%	14.4%	15.7%	18.1%	19.1%
	4	3	4	3	3	3	2	2	3	5	6
PAT margin %	16.1%	10.6%	11.4%	9.6%	8.1%	6.7%	4.6%	5%	6.3%	9.1%	8.3%
EPS (₹)	—	2.3	2.8	2.1	1.9	1.7	—	—	—	2.9	3.5
EPS adjusted (₹)	—	—	—	—	—	1.6	1.2	1.4	2	2.9	3.5
	—	21.7%	0%	0%	0%	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	17	17	17	17	17	17
Reserves	54	56	59	62	66	72
	41	44	22	17	14	15
	53	40	48	44	48	70
Total equity & liabilities	166	158	146	140	146	174
	11	11	5	10	11	14
CWIP	0	0	—	—	—	—
Investments	0	0	6	5	4	6
	155	146	135	126	131	154
Total assets	166	158	146	140	146	174

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	4	-3	21	10	5	23
	-0	0	0	-4	0	-3
	-4	3	-22	-4	-5	-2
Net cash flow	0	-0	-1	2	1	19
Free cash flow	4	-3	21	6	3	20
CFO / Operating profit %	74.2%	-59.6%	451.1%	231.1%	96.8%	298.5%

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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 %	—	—	61.9%	56%	53.1%	66%	36.1%	43%
EBITDA margin %	18.6%	14.6%	13.7%	11.3%	9.7%	8.2%	10.1%	10.8%
EBIT margin %	16.1%	12.6%	12%	10%	8.1%	6.4%	8.1%	8.8%
PAT margin %	9.6%	8.1%	6.7%	4.6%	5%	6.3%	9.1%	8.3%
Working capital
Receivable days	—	—	229	273	271	174	265	213
Inventory days	—	—	2,125	1,468	1,017	1,057	483	465
Payable days	—	—	39	36	38	39	27	0
NWC days	—	—	2,315	1,705	1,250	1,191	722	678
Leverage
Current ratio	—	—	1.95	2.77	2.13	2.29	2.12	1.8
Debt to EBITDA	—	—	7.15	8.75	4.67	3.79	2.57	1.86
Debt to equity	—	—	0.58	0.6	0.28	0.21	0.17	0.16
Interest coverage	2.5	2.5	2.3	2	2.3	2.9	4.1	5.2
Asset turnover	—	—	0.25	0.28	0.33	0.39	0.38	0.42
Return ratios
Return on assets %	—	—	1.7%	1.3%	1.6%	2.4%	3.5%	3.5%
Return on capital employed %	—	—	6.8%	5.2%	5.1%	7%	9.3%	10.1%
Return on equity %	—	—	4%	2.8%	3.1%	4.3%	6.1%	6.7%

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
	73.86%	73.86%	73.86%	73.86%	73.86%	73.86%	73.86%	73.86%	73.86%	73.86%	73.86%	73.86%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%	0.21%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	25.93%	25.93%	25.93%	25.93%	25.93%	25.93%	25.93%	25.93%	25.93%	25.93%	25.93%	25.93%
No. of shareholders	—	—	—	—	—	—	—	—	4,071	4,034	4,007	4,012

Promoter holding up 0 percentage points since Sep 2023.

Mr. SYED ABDUL KABEERExecutive Director-Chairperson-MD
Mr. SYED ABDUL RASHEEDExecutive Director-MD
Shaik Mohammed OsmanChief Financial Officer
Mr. SYED MOHAMMED MUNEERExecutive Director
Mr. SYED MOHAMED MOHSINNon-Executive - Non Independent Director
Mr. MADANMOHAN JAISINGNon-Executive - Independent Director
Mr. RAJASEKARAN MAHADEVANNon-Executive - Independent Director
Ms. SHIFALI KAWATRANon-Executive - Independent Director
Mr. SUDHIR SURENDRARAO HALLEPPANAVARNon-Executive - Independent Director
Kurian ZachariasCompany Secretary And 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 Alpine Housing Development Corporation 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

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

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

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

19 announcementsExport CSV

13 Aug 2026, 5:47 pmResult

Unaudited Financial Results 06-30-2026

Financial Results PDF

13 Aug 2026, 5:36 pmBoard Meeting

Board Meeting Outcome for Outcome Of Board Meeting

Outcome of Board Meeting PDF

3 Aug 2026, 6:18 pmBoard Meeting

Board Meeting Intimation for Consider And Approve Unaudited Financial Results For The Quarter Ended 30 June 2026

Exchange filing PDF

23 Jul 2026, 2:58 pmCompany Update

Announcement Under Regulation 30

General PDF

23 Jul 2026, 11:36 amCompany Update

Clarification On Movement In Share Price

General PDF

22 Jul 2026, 7:41 pmCompany Update

Disclosure Under Regulation 30 Of SEBI (LODR) Reg 2015

General PDF

22 Jul 2026, 7:38 pmCompany Update

Disclosure Under Regulation 30 Of SEBI (LODR) Reg 2015

General PDF

22 Jul 2026, 7:37 pmCompany Update

Disclosure Under Regulation 30 Of SEBI (LODR) Reg 2015

General PDF

Date	Category	Subject	Filing
13 Aug 2026, 5:47 pm	Result Financial Results	Unaudited Financial Results 06-30-2026	PDF
13 Aug 2026, 5:36 pm	Board Meeting Outcome of Board Meeting	Board Meeting Outcome for Outcome Of Board Meeting

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Alpine Housing Development Corporation Ltd

About

Key insights

Key risks

Growth drivers

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

Annual reports

Events

Announcements

Not in the F&O segment

No fund holdings on record

8

1

2

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Return on equity

Alpine Housing Development Corporation Ltd

About

Key insights

Key risks

Growth drivers

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

Annual reports

Events

Announcements

Ratio timeline

Quarterly record

Board and management

Not in the F&O segment

No fund holdings on record

Dividends8

Board meetings1

Bonus issues2

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

8

1

2