Dashboard
Weak Long Term Fundamental Strength with an average Return on Capital Employed (ROCE) of 7.86%
- Poor long term growth as Net Sales has grown by an annual rate of 9.45% and Operating profit at 1.78% over the last 5 years
- Low ability to service debt as the company has a high Debt to EBITDA ratio of 3.90 times
Flat results in Mar 26
Stock is technically in a Mildly Bearish range
Stock DNA
Plastic Products - Industrial
INR 32 Cr (Micro Cap)
16.00
54
0.00%
0.70
6.16%
1.27
Total Returns (Price + Dividend) 
Latest dividend: 1 per share ex-dividend date: Aug-28-2019
Risk Adjusted Returns v/s 
Returns Beta
News
Are Alfa Ica (India) Ltd latest results good or bad?
Alfa Ica (India) Ltd's latest financial results for Q4 FY26 present a mixed picture of performance. The company reported net sales of ₹25.90 crores, reflecting a robust sequential growth of 16.82% and a year-on-year increase of 27.15%. This indicates strong demand for its laminate products, likely driven by recovery in the construction and furniture sectors. However, despite this top-line growth, the company's net profit stood at ₹0.56 crores, which is a significant decline of 48.15% compared to the same period last year, although it shows a quarter-on-quarter increase of 43.59%. A critical concern arises from the operating margin, which fell to 2.01%, down from 5.19% in the previous quarter and 8.35% a year ago. This substantial margin compression suggests operational challenges, possibly due to rising raw material costs and competitive pricing pressures. The company's profitability has become increasingl...
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Alfa Ica (India) Ltd Upgraded to Sell on Technical Improvements Despite Weak Fundamentals
Alfa Ica (India) Ltd has seen its investment rating upgraded from Strong Sell to Sell as of 11 May 2026, driven primarily by a shift in technical indicators amid persistent fundamental challenges. While the company’s financial performance remains flat and long-term growth prospects subdued, recent technical trend improvements have prompted a reassessment of its market stance.
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Alfa Ica (India) Ltd Upgraded to Sell on Technical Improvement Despite Flat Financials
Alfa Ica (India) Ltd has seen its investment rating upgraded from Strong Sell to Sell as of 7 April 2026, driven primarily by a shift in technical indicators despite persistent fundamental weaknesses. The micro-cap plastic products firm’s recent performance and valuation metrics present a mixed picture, with technical trends showing mild improvement while financial and quality parameters remain subdued.
Read More Announcements 
Newspaper Advertisement
29-May-2026 | Source : BSETransfer of unclaimed dividend and share to IEPF as per sec 125 of companies act
Announcement under Regulation 30 (LODR)-Newspaper Publication
22-May-2026 | Source : BSEDeclaration of financial result for year ended on 31st march2026
Board Meeting Outcome for Revised Outcome
20-May-2026 | Source : BSERevised outcome
Corporate Actions 
No Upcoming Board Meetings
Alfa Ica (India) Ltd has declared 10% dividend, ex-date: 28 Aug 19
No Splits history available
No Bonus history available
No Rights history available
Quality key factors 
Valuation key factors
Technicals key factors
Shareholding Snapshot : Mar 2026
Shareholding Compare (%holding) 
Promoters
None
Held by 0 Schemes
Held by 0 FIIs
Tikmani Ranjendra Hemraj (24.74%)
Saroj Jugalkishor Maheshwari (1.27%)
18.06%
Quarterly Results Snapshot (Standalone) - Mar'26 - QoQ
QoQ Growth in quarter ended Mar 2026 is 16.82% vs 16.81% in Dec 2025
QoQ Growth in quarter ended Mar 2026 is 43.59% vs -13.33% in Dec 2025
Half Yearly Results Snapshot (Standalone) - Sep'25
Growth in half year ended Sep 2025 is 1.69% vs 12.22% in Sep 2024
Growth in half year ended Sep 2025 is 5.56% vs 23.29% in Sep 2024
Nine Monthly Results Snapshot (Standalone) - Dec'25
YoY Growth in nine months ended Dec 2025 is 4.38% vs 16.12% in Dec 2024
YoY Growth in nine months ended Dec 2025 is 272.22% vs -66.97% in Dec 2024
Annual Results Snapshot (Standalone) - Mar'26
YoY Growth in year ended Mar 2026 is 10.29% vs 14.70% in Mar 2025
YoY Growth in year ended Mar 2026 is 31.94% vs -14.29% in Mar 2025