BSE:530973

Stock Analysis Report

Executive Summary

Alfa Ica (India) Limited manufactures and sells high pressure laminate sheets and compacts in India and internationally.


Snowflake Analysis

Undervalued with proven track record.

Share Price & News

How has Alfa Ica (India)'s share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 530973 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-4.1%

530973

0.06%

IN Consumer Durables

-0.8%

IN Market


1 Year Return

-6.5%

530973

36.5%

IN Consumer Durables

11.1%

IN Market

Return vs Industry: 530973 underperformed the Indian Consumer Durables industry which returned 34.8% over the past year.

Return vs Market: 530973 underperformed the Indian Market which returned 11.1% over the past year.


Shareholder returns

530973IndustryMarket
7 Day-4.1%0.06%-0.8%
30 Day11.3%4.7%-2.3%
90 Day-9.4%11.9%2.1%
1 Year-2.6%-6.5%37.3%36.5%13.1%11.1%
3 Year-32.2%-36.4%47.4%45.2%22.9%16.2%
5 Year29.3%21.3%95.4%90.7%34.9%22.6%

Price Volatility Vs. Market

How volatile is Alfa Ica (India)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Alfa Ica (India) undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 530973 (₹29) is trading below our estimate of fair value (₹188.5)

Significantly Below Fair Value: 530973 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 530973 is good value based on its PE Ratio (8.7x) compared to the Consumer Durables industry average (22.9x).

PE vs Market: 530973 is good value based on its PE Ratio (8.7x) compared to the Indian market (13.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 530973's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 530973 is good value based on its PB Ratio (0.8x) compared to the IN Consumer Durables industry average (1.4x).


Next Steps

Future Growth

How is Alfa Ica (India) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

23.9%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Alfa Ica (India) has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Alfa Ica (India) performed over the past 5 years?

2.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 530973 has high quality earnings.

Growing Profit Margin: 530973's current net profit margins (2.4%) are higher than last year (2.1%).


Past Earnings Growth Analysis

Earnings Trend: 530973's earnings have grown by 2.5% per year over the past 5 years.

Accelerating Growth: 530973's earnings growth over the past year (13.6%) exceeds its 5-year average (2.5% per year).

Earnings vs Industry: 530973 earnings growth over the past year (13.6%) underperformed the Consumer Durables industry 13.9%.


Return on Equity

High ROE: 530973's Return on Equity (9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Alfa Ica (India)'s financial position?


Financial Position Analysis

Short Term Liabilities: 530973's short term assets (₹239.2M) exceed its short term liabilities (₹149.9M).

Long Term Liabilities: 530973's short term assets (₹239.2M) exceed its long term liabilities (₹65.1M).


Debt to Equity History and Analysis

Debt Level: 530973's debt to equity ratio (93.2%) is considered high.

Reducing Debt: 530973's debt to equity ratio has increased from 92.4% to 93.2% over the past 5 years.

Debt Coverage: 530973's debt is well covered by operating cash flow (58.7%).

Interest Coverage: 530973's interest payments on its debt are not well covered by EBIT (2.3x coverage).


Balance Sheet

Inventory Level: 530973 has a high level of physical assets or inventory.

Debt Coverage by Assets: 530973's debt is covered by short term assets (assets are 1.7x debt).


Next Steps

Dividend

What is Alfa Ica (India)'s current dividend yield, its reliability and sustainability?

3.45%

Current Dividend Yield


Dividend Yield vs Market

company3.4%marketbottom25%0.6%markettop25%2.5%industryaverage0.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: 530973's dividend (3.45%) is higher than the bottom 25% of dividend payers in the Indian market (0.59%).

High Dividend: 530973's dividend (3.45%) is in the top 25% of dividend payers in the Indian market (2.52%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 530973 has been paying a dividend for less than 10 years.

Growing Dividend: 530973 has only been paying a dividend for 2 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (29.9%), 530973's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.5yrs

Average board tenure


CEO

Rishi Tikmani (38yo)

₹3,600,000

Compensation

Mr. Rishi R. Tikmani has been a Whole Time Director of Alfa ICA (India) Ltd. since August 14, 2006. Mr. Tikmani holds BBA from Gujarat University and MBA from University of West Minister (UK). 


CEO Compensation Analysis

Compensation vs Market: Rishi's total compensation ($USD50.34K) is about average for companies of similar size in the Indian market ($USD50.21K).

Compensation vs Earnings: Rishi's compensation has increased by more than 20% in the past year.


Board Members

NamePositionTenureCompensationOwnership
Rishi Tikmani
Whole Time Director0yrs₹3.60m35.5% 43.0m
Pooja Tikmani
Executive Woman Director5.5yrs₹3.60m10.88% 13.2m
Sanjeev Sharma
Independent Director5.5yrsno data0.0099% 12.0k
Inder Nahta
Independent Chairman0.3yrsno datano data
Ayush Kedia
Additional Non-Executive Director0.3yrsno datano data

5.5yrs

Average Tenure

39yo

Average Age

Experienced Board: 530973's board of directors are considered experienced (5.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Alfa Ica (India) Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Alfa Ica (India) Limited
  • Ticker: 530973
  • Exchange: BSE
  • Founded: 1991
  • Industry: Home Furnishings
  • Sector: Consumer Durables
  • Market Cap: ₹121.200m
  • Shares outstanding: 4.04m
  • Website: https://www.alfaica.com

Number of Employees


Location

  • Alfa Ica (India) Limited
  • Alfa-Palazzo
  • Near Shivranjani Cross Road
  • Ahmedabad
  • Gujarat
  • 380015
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
530973BSE (Mumbai Stock Exchange)YesEquity SharesININROct 2004

Biography

Alfa Ica (India) Limited manufactures and sells high pressure laminate sheets and compacts in India and internationally. The company offers compact, standard grade, post formable, anti-bacterial, interior grade, flooring grade, exterior grade, tough gloss, and laboratory grade laminates, as well as real metal foils, dry wipe boards, and fire retardants. It also provides laminate sheets for use in furniture coverings, wall paneling, partitions, door coverings, shower panels, interior wall paneling, exterior wall cladding, green chalk boards, white marker boards, kitchen tops and backsplashes, cubicle partition panels, anti-fingerprint laminates, table tops, and various other areas. The company was incorporated in 1991 and is based in Ahmedabad, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 12:33
End of Day Share Price2020/02/17 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.