Reported Earnings • Aug 10
First quarter 2027 earnings released: EPS: ₹1.90 (vs ₹1.23 in 1Q 2026) First quarter 2027 results: EPS: ₹1.90 (up from ₹1.23 in 1Q 2026). Revenue: ₹300.8m (up 54% from 1Q 2026). Net income: ₹7.66m (up 54% from 1Q 2026). Profit margin: 2.5% (in line with 1Q 2026). Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 16% per year. Announcement • Jul 23
Alfa Ica (India) Limited to Report Q1, 2027 Results on Aug 08, 2026 Alfa Ica (India) Limited announced that they will report Q1, 2027 results at 3:30 PM, Indian Standard Time on Aug 08, 2026 New Risk • Jul 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Market cap is less than US$10m (₹319.2m market cap, or US$3.35m). Minor Risk Share price has been volatile over the past 3 months (7.9% average weekly change). Reported Earnings • May 21
Full year 2026 earnings released: EPS: ₹4.72 (vs ₹3.56 in FY 2025) Full year 2026 results: EPS: ₹4.72 (up from ₹3.56 in FY 2025). Revenue: ₹885.9m (up 13% from FY 2025). Net income: ₹19.0m (up 32% from FY 2025). Profit margin: 2.1% (up from 1.8% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹79.50, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 37x in the Consumer Durables industry in India. Total returns to shareholders of 85% over the past three years. Reported Earnings • Feb 06
Third quarter 2026 earnings released: EPS: ₹0.96 (vs ₹1.33 loss in 3Q 2025) Third quarter 2026 results: EPS: ₹0.96 (up from ₹1.33 loss in 3Q 2025). Revenue: ₹224.4m (up 11% from 3Q 2025). Net income: ₹3.87m (up ₹9.26m from 3Q 2025). Profit margin: 1.7% (up from net loss in 3Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 29
Alfa Ica (India) Limited to Report Q3, 2026 Results on Feb 06, 2026 Alfa Ica (India) Limited announced that they will report Q3, 2026 results on Feb 06, 2026 Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹73.15, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 38x in the Consumer Durables industry in India. Total returns to shareholders of 74% over the past three years. New Risk • Nov 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Share price has been highly volatile over the past 3 months (8.6% average weekly change). Market cap is less than US$10m (₹350.6m market cap, or US$3.93m). Reported Earnings • Nov 09
Second quarter 2026 earnings released: EPS: ₹1.12 (vs ₹1.19 in 2Q 2025) Second quarter 2026 results: EPS: ₹1.12 (down from ₹1.19 in 2Q 2025). Revenue: ₹193.5m (up 5.1% from 2Q 2025). Net income: ₹4.52m (down 6.1% from 2Q 2025). Profit margin: 2.3% (down from 2.6% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Announcement • Aug 25
Alfa Ica (India) Limited, Annual General Meeting, Sep 27, 2025 Alfa Ica (India) Limited, Annual General Meeting, Sep 27, 2025, at 15:30 Indian Standard Time. Reported Earnings • Aug 09
First quarter 2026 earnings released: EPS: ₹1.23 (vs ₹1.04 in 1Q 2025) First quarter 2026 results: EPS: ₹1.23 (up from ₹1.04 in 1Q 2025). Revenue: ₹198.0m (up 1.5% from 1Q 2025). Net income: ₹4.97m (up 18% from 1Q 2025). Profit margin: 2.5% (up from 2.2% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Announcement • Jul 29
Alfa Ica (India) Limited to Report Q1, 2026 Results on Aug 08, 2025 Alfa Ica (India) Limited announced that they will report Q1, 2026 results on Aug 08, 2025 Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹97.87, the stock trades at a trailing P/E ratio of 27.5x. Average trailing P/E is 50x in the Consumer Durables industry in India. Total returns to shareholders of 164% over the past three years. Reported Earnings • May 29
Full year 2025 earnings released: EPS: ₹3.56 (vs ₹4.16 in FY 2024) Full year 2025 results: EPS: ₹3.56 (down from ₹4.16 in FY 2024). Revenue: ₹794.3m (up 16% from FY 2024). Net income: ₹14.4m (down 14% from FY 2024). Profit margin: 1.8% (down from 2.5% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Announcement • May 20
Alfa Ica (India) Limited to Report Q4, 2025 Results on May 28, 2025 Alfa Ica (India) Limited announced that they will report Q4, 2025 results on May 28, 2025 Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹87.00, the stock trades at a trailing P/E ratio of 36.7x. Average trailing P/E is 42x in the Consumer Durables industry in India. Total returns to shareholders of 53% over the past three years. New Risk • Apr 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Share price has been highly volatile over the past 3 months (9.7% average weekly change). Market cap is less than US$10m (₹319.2m market cap, or US$3.73m). Minor Risk Profit margins are more than 30% lower than last year (1.3% net profit margin). Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹86.39, the stock trades at a trailing P/E ratio of 36.4x. Average trailing P/E is 42x in the Consumer Durables industry in India. Total returns to shareholders of 73% over the past three years. New Risk • Feb 09
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.3% Last year net profit margin: 2.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). Market cap is less than US$10m (₹343.4m market cap, or US$3.91m). Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Profit margins are more than 30% lower than last year (1.3% net profit margin). Reported Earnings • Feb 09
Third quarter 2025 earnings released: ₹1.33 loss per share (vs ₹0.89 profit in 3Q 2024) Third quarter 2025 results: ₹1.33 loss per share (down from ₹0.89 profit in 3Q 2024). Revenue: ₹204.4m (up 25% from 3Q 2024). Net loss: ₹5.39m (down 250% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Announcement • Jan 29
Alfa Ica (India) Limited to Report Q3, 2025 Results on Feb 08, 2025 Alfa Ica (India) Limited announced that they will report Q3, 2025 results at 12:15 PM, Indian Standard Time on Feb 08, 2025 Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹109, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 54x in the Consumer Durables industry in India. Total returns to shareholders of 155% over the past three years. Reported Earnings • Nov 17
Second quarter 2025 earnings released: EPS: ₹1.19 (vs ₹1.01 in 2Q 2024) Second quarter 2025 results: EPS: ₹1.19 (up from ₹1.01 in 2Q 2024). Revenue: ₹186.0m (up 11% from 2Q 2024). Net income: ₹4.81m (up 18% from 2Q 2024). Profit margin: 2.6% (up from 2.4% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 09
Alfa Ica (India) Limited to Report Q2, 2025 Results on Nov 14, 2024 Alfa Ica (India) Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ₹89.60, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 54x in the Consumer Durables industry in India. Total returns to shareholders of 153% over the past three years. Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: ₹1.04 (vs ₹0.79 in 1Q 2024) First quarter 2025 results: EPS: ₹1.04 (up from ₹0.79 in 1Q 2024). Revenue: ₹195.2m (up 14% from 1Q 2024). Net income: ₹4.21m (up 33% from 1Q 2024). Profit margin: 2.2% (up from 1.9% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 46% per year, which means it is well ahead of earnings. Announcement • Aug 08
Alfa Ica (India) Limited, Annual General Meeting, Sep 12, 2024 Alfa Ica (India) Limited, Annual General Meeting, Sep 12, 2024, at 15:30 Indian Standard Time. Location: 249/a,uma industrial estate, vasna lawa, tal: sanand, gujarat- 382110, ahmedabad India Announcement • Aug 05
Alfa Ica (India) Limited to Report Q1, 2025 Results on Aug 12, 2024 Alfa Ica (India) Limited announced that they will report Q1, 2025 results on Aug 12, 2024 Reported Earnings • Jun 04
Full year 2024 earnings released: EPS: ₹4.16 (vs ₹3.61 in FY 2023) Full year 2024 results: EPS: ₹4.16 (up from ₹3.61 in FY 2023). Revenue: ₹693.2m (up 7.2% from FY 2023). Net income: ₹16.8m (up 15% from FY 2023). Profit margin: 2.4% (up from 2.3% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Announcement • May 24
Alfa Ica (India) Limited to Report Q4, 2024 Results on May 30, 2024 Alfa Ica (India) Limited announced that they will report Q4, 2024 results on May 30, 2024 Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹71.74, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 47x in the Consumer Durables industry in India. Total returns to shareholders of 153% over the past three years. Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: ₹0.89 (vs ₹0.92 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.89 (down from ₹0.92 in 3Q 2023). Revenue: ₹164.1m (up 16% from 3Q 2023). Net income: ₹3.59m (down 3.5% from 3Q 2023). Profit margin: 2.2% (down from 2.6% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: ₹1.01 (vs ₹0.87 in 2Q 2023) Second quarter 2024 results: EPS: ₹1.01 (up from ₹0.87 in 2Q 2023). Revenue: ₹169.8m (down 5.0% from 2Q 2023). Net income: ₹4.07m (up 16% from 2Q 2023). Profit margin: 2.4% (up from 2.0% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 13
First quarter 2024 earnings released: EPS: ₹0.79 (vs ₹0.85 in 1Q 2023) First quarter 2024 results: EPS: ₹0.79 (down from ₹0.85 in 1Q 2023). Revenue: ₹171.3m (down 8.9% from 1Q 2023). Net income: ₹3.18m (down 7.8% from 1Q 2023). Profit margin: 1.9% (up from 1.8% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 13
Alfa Ica (India) Limited, Annual General Meeting, Sep 21, 2023 Alfa Ica (India) Limited, Annual General Meeting, Sep 21, 2023, at 15:30 Indian Standard Time. Announcement • Aug 05
Alfa Ica (India) Limited to Report Q1, 2024 Results on Aug 12, 2023 Alfa Ica (India) Limited announced that they will report Q1, 2024 results on Aug 12, 2023 New Risk • Jul 06
New major risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Market cap is less than US$10m (₹199.3m market cap, or US$2.41m). Minor Risk Share price has been volatile over the past 3 months (8.7% average weekly change). Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹50.09, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 41x in the Consumer Durables industry in India. Total returns to shareholders of 109% over the past three years. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹48.00, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 36x in the Consumer Durables industry in India. Total returns to shareholders of 166% over the past three years. Reported Earnings • Jan 31
Third quarter 2023 earnings released: EPS: ₹0.92 (vs ₹1.36 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.92 (down from ₹1.36 in 3Q 2022). Revenue: ₹145.2m (down 38% from 3Q 2022). Net income: ₹3.73m (down 32% from 3Q 2022). Profit margin: 2.6% (up from 2.4% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 16% per year. Announcement • Jan 23
Alfa Ica (India) Limited to Report Q3, 2023 Results on Jan 30, 2023 Alfa Ica (India) Limited announced that they will report Q3, 2023 results on Jan 30, 2023 Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 20% share price gain to ₹46.35, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 35x in the Consumer Durables industry in India. Total returns to shareholders of 62% over the past three years. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment improved over the past week After last week's 23% share price gain to ₹48.20, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 37x in the Consumer Durables industry in India. Total returns to shareholders of 77% over the past three years. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment improved over the past week After last week's 16% share price gain to ₹40.55, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 36x in the Consumer Durables industry in India. Total returns to shareholders of 31% over the past three years. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Sanjeev Sharma was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Sep 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Sanjeev Sharma was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improved over the past week After last week's 16% share price gain to ₹48.20, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 40x in the Consumer Durables industry in India. Total returns to shareholders of 116% over the past three years. Reported Earnings • Aug 18
First quarter 2023 earnings released: EPS: ₹0.85 (vs ₹0.65 in 1Q 2022) First quarter 2023 results: EPS: ₹0.85 (up from ₹0.65 in 1Q 2022). Revenue: ₹188.1m (up 23% from 1Q 2022). Net income: ₹3.45m (up 31% from 1Q 2022). Profit margin: 1.8% (in line with 1Q 2022). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 07
Alfa Ica (India) Limited to Report Q1, 2023 Results on Aug 13, 2022 Alfa Ica (India) Limited announced that they will report Q1, 2023 results on Aug 13, 2022 Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹42.05, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 36x in the Consumer Durables industry in India. Total returns to shareholders of 48% over the past three years. Announcement • May 21
Alfa Ica (India) Limited to Report Q4, 2022 Results on May 30, 2022 Alfa Ica (India) Limited announced that they will report Q4, 2022 results on May 30, 2022 Reported Earnings • Feb 04
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹1.36 (up from ₹0.80 in 3Q 2021). Revenue: ₹235.3m (up 41% from 3Q 2021). Net income: ₹5.50m (up 69% from 3Q 2021). Profit margin: 2.3% (up from 1.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment improved over the past week After last week's 21% share price gain to ₹57.40, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 40x in the Consumer Durables industry in India. Total returns to shareholders of 99% over the past three years. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 17% share price gain to ₹51.60, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 38x in the Consumer Durables industry in India. Total returns to shareholders of 62% over the past three years. Reported Earnings • Nov 04
Second quarter 2022 earnings released: EPS ₹1.19 (vs ₹0.83 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2022 results: Revenue: ₹211.5m (up 67% from 2Q 2021). Net income: ₹4.81m (up 44% from 2Q 2021). Profit margin: 2.3% (down from 2.6% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 11% per year. Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment improved over the past week After last week's 18% share price gain to ₹38.35, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 39x in the Consumer Durables industry in India. Total returns to shareholders of 3.7% over the past three years. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₹37.85, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 36x in the Consumer Durables industry in India. Total returns to shareholders of 8.9% over the past three years. Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment improved over the past week After last week's 15% share price gain to ₹35.85, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 42x in the Consumer Durables industry in India. Total loss to shareholders of 11% over the past three years. Reported Earnings • Jul 02
Full year 2021 earnings released: EPS ₹3.51 (vs ₹3.05 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: ₹560.3m (flat on FY 2020). Net income: ₹14.2m (up 15% from FY 2020). Profit margin: 2.5% (up from 2.2% in FY 2020). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹24.70, the stock is trading at a trailing P/E ratio of 8.4x, down from the previous P/E ratio of 10.2x. This compares to an average P/E of 39x in the Consumer Durables industry in India. Total return to shareholders over the past three years is a loss of 62%. Is New 90 Day High Low • Feb 26
New 90-day high: ₹29.00 The company is up 22% from its price of ₹23.75 on 27 November 2020. The Indian market is up 19% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Durables industry, which is up 36% over the same period. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS ₹0.80 (vs ₹0.70 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: ₹166.8m (up 18% from 3Q 2020). Net income: ₹3.25m (up 15% from 3Q 2020). Profit margin: 1.9% (down from 2.0% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹22.30, the stock is trading at a trailing P/E ratio of 7.9x, down from the previous P/E ratio of 9.5x. This compares to an average P/E of 34x in the Consumer Durables industry in India. Total return to shareholders over the past three years is a loss of 66%. Is New 90 Day High Low • Feb 05
New 90-day low: ₹22.30 The company is down 2.0% from its price of ₹22.80 on 02 November 2020. The Indian market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 35% over the same period. Announcement • Jan 29
Alfa Ica (India) Limited to Report Q3, 2021 Results on Feb 09, 2021 Alfa Ica (India) Limited announced that they will report Q3, 2021 results on Feb 09, 2021 Is New 90 Day High Low • Jan 04
New 90-day high: ₹28.15 The company is up 27% from its price of ₹22.10 on 06 October 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Durables industry, which is up 30% over the same period. Is New 90 Day High Low • Dec 17
New 90-day high: ₹27.70 The company is up 16% from its price of ₹23.90 on 18 September 2020. The Indian market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 18% over the same period. Reported Earnings • Nov 13
Second quarter 2021 earnings released: EPS ₹0.83 The company reported a soft second quarter result with weaker earnings and revenues, although profit margins were improved. Second quarter 2021 results: Revenue: ₹128.1m (down 21% from 2Q 2020). Net income: ₹3.34m (down 3.4% from 2Q 2020). Profit margin: 2.6% (up from 2.1% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 22
Market bids up stock over the past week After last week's 16% share price gain to ₹22.05, the stock is trading at a trailing P/E ratio of 7.7x, up from the previous P/E ratio of 6.6x. This compares to an average P/E of 28x in the Consumer Durables industry in India. Total return to shareholders over the past three years is a loss of 70%. Is New 90 Day High Low • Sep 21
New 90-day high: ₹25.05 The company is up 5.0% from its price of ₹23.95 on 18 June 2020. The Indian market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 13% over the same period. Announcement • Jun 28
Alfa Ica (India) Limited to Report Q4, 2020 Results on Jun 29, 2020 Alfa Ica (India) Limited announced that they will report Q4, 2020 results on Jun 29, 2020 
