Loading...

Alps Industries

NSEI:ALPSINDUS
Snowflake Description

Slightly overvalued with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ALPSINDUS
NSEI
₹129M
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Alps Industries Limited manufactures and sells home furnishings, fashion accessories, yarns, and architectural products in India. The last earnings update was 67 days ago. More info.


Add to Portfolio Compare Print
  • Alps Industries has significant price volatility in the past 3 months.
ALPSINDUS Share Price and Events
7 Day Returns
-9.8%
NSEI:ALPSINDUS
0.9%
IN Luxury
0.8%
IN Market
1 Year Returns
-40.3%
NSEI:ALPSINDUS
-3.2%
IN Luxury
-0.7%
IN Market
ALPSINDUS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Alps Industries (ALPSINDUS) -9.8% -32.7% -40.3% -40.3% -60.6% 19.4%
IN Luxury 0.9% 1.6% 8.6% -3.2% 48.8% 161.5%
IN Market 0.8% 2.1% 5.8% -0.7% 41.2% 72.5%
1 Year Return vs Industry and Market
  • ALPSINDUS underperformed the Luxury industry which returned -3.2% over the past year.
  • ALPSINDUS underperformed the Market in India which returned -0.7% over the past year.
Price Volatility
ALPSINDUS
Industry
5yr Volatility vs Market

ALPSINDUS Value

 Is Alps Industries undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Alps Industries to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Alps Industries.

NSEI:ALPSINDUS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 24.8%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:ALPSINDUS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.729 (1 + (1- 35%) (5820.4%))
19.3
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (2 * 8.6%)
24.75%

Discounted Cash Flow Calculation for NSEI:ALPSINDUS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Alps Industries is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:ALPSINDUS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 24.75%)
2019 414.63 Est @ 12.77% 332.37
2020 461.09 Est @ 11.2% 296.28
2021 507.70 Est @ 10.11% 261.51
2022 555.12 Est @ 9.34% 229.21
2023 603.99 Est @ 8.8% 199.91
2024 654.89 Est @ 8.43% 173.75
2025 708.36 Est @ 8.16% 150.65
2026 764.89 Est @ 7.98% 130.40
2027 824.94 Est @ 7.85% 112.73
2028 888.96 Est @ 7.76% 97.38
Present value of next 10 years cash flows ₹1,984.19
NSEI:ALPSINDUS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹888.96 × (1 + 7.55%) ÷ (24.75% – 7.55%)
₹5,558.58
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹5,558.58 ÷ (1 + 24.75%)10
₹608.92
NSEI:ALPSINDUS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹1,984.19 + ₹608.92
₹2,593.11
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹2,593.11 / 39.11
₹66.3
NSEI:ALPSINDUS Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:ALPSINDUS represents 0.56061x of BSE:530715
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.56061x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 66.30 x 0.56061
₹37.17
Value per share (INR) From above. ₹37.17
Current discount Discount to share price of ₹1.85
= -1 x (₹1.85 - ₹37.17) / ₹37.17
95%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Alps Industries is available for.
Intrinsic value
>50%
Share price is ₹1.85 vs Future cash flow value of ₹37.17
Current Discount Checks
For Alps Industries to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Alps Industries's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Alps Industries's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Alps Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Alps Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:ALPSINDUS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹-16.75
BSE:530715 Share Price ** BSE (2019-04-18) in INR ₹3.3
India Luxury Industry PE Ratio Median Figure of 240 Publicly-Listed Luxury Companies 12.25x
India Market PE Ratio Median Figure of 2,738 Publicly-Listed Companies 16.33x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Alps Industries.

NSEI:ALPSINDUS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:530715 Share Price ÷ EPS (both in INR)

= 3.3 ÷ -16.75

-0.2x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Alps Industries is loss making, we can't compare its value to the IN Luxury industry average.
  • Alps Industries is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does Alps Industries's expected growth come at a high price?
Raw Data
NSEI:ALPSINDUS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
India Luxury Industry PEG Ratio Median Figure of 25 Publicly-Listed Luxury Companies 1.55x
India Market PEG Ratio Median Figure of 584 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Alps Industries, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Alps Industries's assets?
Raw Data
NSEI:ALPSINDUS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹-97.64
BSE:530715 Share Price * BSE (2019-04-18) in INR ₹3.3
India Luxury Industry PB Ratio Median Figure of 311 Publicly-Listed Luxury Companies 0.74x
India Market PB Ratio Median Figure of 3,628 Publicly-Listed Companies 1.11x
NSEI:ALPSINDUS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:530715 Share Price ÷ Book Value per Share (both in INR)

= 3.3 ÷ -97.64

-0.03x

* Primary Listing of Alps Industries.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Alps Industries has negative assets, we can't compare the value of its assets to the IN Luxury industry average.
X
Value checks
We assess Alps Industries's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Alps Industries has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ALPSINDUS Future Performance

 How is Alps Industries expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Alps Industries 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
19.3%
Expected Luxury industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Alps Industries expected to grow at an attractive rate?
  • Unable to compare Alps Industries's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Alps Industries's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Alps Industries's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:ALPSINDUS Future Growth Rates Data Sources
Data Point Source Value (per year)
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 19.3%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:ALPSINDUS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:ALPSINDUS Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 3,709 -655
2018-09-30 3,521 -981
2018-06-30 3,444 -1,124
2018-03-31 3,635 423 -1,197
2017-12-31 3,804 -809
2017-09-30 4,058 -787
2017-06-30 4,488 -735
2017-03-31 5,013 651 -1,168
2016-12-31 5,100 -15
2016-09-30 5,543 4
2016-06-30 5,572 7
2016-03-31 5,639 4,114 76

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Alps Industries is high growth as no earnings estimate data is available.
  • Unable to determine if Alps Industries is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:ALPSINDUS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Alps Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:ALPSINDUS Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 -16.75
2018-09-30
2018-06-30
2018-03-31 -30.59
2017-12-31
2017-09-30 -18.70
2017-06-30
2017-03-31 -29.87
2016-12-31
2016-09-30
2016-06-30
2016-03-31 1.93

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Alps Industries will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of ALPSINDUS’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Alps Industries's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Durables companies here
  3. Alps Industries's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Alps Industries's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Alps Industries has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ALPSINDUS Past Performance

  How has Alps Industries performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Alps Industries's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Alps Industries does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Alps Industries's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Alps Industries's 1-year growth to the IN Luxury industry average as it is not currently profitable.
Earnings and Revenue History
Alps Industries's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Alps Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:ALPSINDUS Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 3,708.96 -655.26 501.33
2018-09-30 3,521.12 -981.22 518.73
2018-06-30 3,444.40 -1,124.15 544.14
2018-03-31 3,634.67 -1,196.60 582.86
2017-12-31 3,804.01 -808.58 622.03
2017-09-30 4,058.33 -787.25 648.40
2017-06-30 4,488.21 -734.62 678.33
2017-03-31 5,013.03 -1,168.36 683.54
2016-12-31 5,099.62 -14.75 697.66
2016-09-30 5,542.95 4.42 698.87
2016-06-30 5,572.04 6.65 683.51
2016-03-31 5,638.92 75.68 701.51
2015-12-31 5,955.60 382.94 1,284.33
2015-09-30 6,151.08 147.03 1,296.87
2015-06-30 6,121.01 30.91 698.96
2015-03-31 6,281.88 -420.83 698.92
2014-12-31 6,543.32 -1,638.88 1,285.43
2014-09-30 7,140.94 -1,534.94 1,298.81
2014-06-30 7,419.96 -1,272.51 710.35
2014-03-31 7,954.85 -1,298.71 1,352.62
2013-12-31 8,235.07 -1,205.40 1,292.70
2013-09-30 7,938.78 -1,273.73 1,264.04
2013-06-30 7,390.67 -1,169.20 682.91
2013-03-31 7,111.37 -1,272.24 1,185.37
2012-12-31 6,486.44 -1,394.61 1,252.79
2012-09-30 6,441.81 -1,524.15 996.48
2012-06-30 6,417.06 -1,776.32 970.92

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Alps Industries has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Alps Industries has efficiently used its assets last year compared to the IN Luxury industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Alps Industries improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess Alps Industries's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Alps Industries has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ALPSINDUS Health

 How is Alps Industries's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Alps Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Alps Industries's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Alps Industries's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Alps Industries's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Alps Industries has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Alps Industries Company Filings, last reported 3 months ago.

NSEI:ALPSINDUS Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 -4,208.89 7,512.77 37.96
2018-09-30 -4,208.89 7,512.77 37.96
2018-06-30 -3,798.76 7,226.32 32.02
2018-03-31 -3,798.76 7,226.32 15.42
2017-12-31 -3,231.53 7,216.88 63.09
2017-09-30 -3,231.53 7,216.88 63.09
2017-06-30 -4,181.13 7,886.02 70.30
2017-03-31 -2,585.07 6,700.51 44.03
2016-12-31 -3,819.21 7,622.88 66.44
2016-09-30 -3,819.21 7,622.88 66.44
2016-06-30 -3,548.39 8,168.72 87.01
2016-03-31 -3,548.39 8,168.72 87.01
2015-12-31 -3,950.56 10,518.20 324.59
2015-09-30 -3,950.56 10,518.20 324.59
2015-06-30 -3,750.67 10,567.66 318.13
2015-03-31 -3,750.67 10,576.27 318.13
2014-12-31 -4,210.35 10,638.65 489.85
2014-09-30 -4,210.35 10,638.65 489.85
2014-06-30 -3,444.20 10,748.66 516.01
2014-03-31 -3,444.20 10,775.42 516.24
2013-12-31
2013-09-30
2013-06-30 -2,271.90 10,551.05 447.96
2013-03-31 -2,271.90 10,608.34 389.39
2012-12-31 -1,753.22 10,718.87 327.27
2012-09-30 -1,753.22 10,718.87 327.27
2012-06-30 -1,497.88 11,013.55 246.74
  • Alps Industries has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Alps Industries's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Alps Industries has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Alps Industries has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 114.8% per year.
X
Financial health checks
We assess Alps Industries's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Alps Industries has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ALPSINDUS Dividends

 What is Alps Industries's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Alps Industries dividends.
If you bought ₹2,000 of Alps Industries shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Alps Industries's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Alps Industries's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:ALPSINDUS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Luxury Industry Average Dividend Yield Market Cap Weighted Average of 110 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.3%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:ALPSINDUS Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2009-11-03 0.000 0.000
2009-08-31 0.000 0.000
2009-04-21 0.500 4.882

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Alps Industries has not reported any payouts.
  • Unable to verify if Alps Industries's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Alps Industries's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Alps Industries has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Alps Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Alps Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Alps Industries has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ALPSINDUS Management

 What is the CEO of Alps Industries's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Sandeep Agarwal
COMPENSATION ₹0
AGE 54
CEO Bio

Mr. Sandeep Agarwal serves as the Chief Executive Officer and Managing Director of Alps Industries Ltd. Mr. Agarwal joined Alps Industries Ltd., in 1989. He serves as Promoter of Alps Industries Limited. He was instrumental in diversifying into value added lines like the Vista range of interior decoratives and in developing a formal tie up with Levolor Corp., USA. He has been the force behind setting up the manufacturing facilities for venetian blinds, vertical blinds, drapery rods, wooden laminated flooring, aluminium composite panels etc. He also developed brands like Vista, for interior decoratives and Le-Pashmina, for fashion accessories. Mr. Agarwal has been an Executive Director of Alps Industries Ltd. since January 1, 1993.

CEO Compensation
  • Sandeep's compensation has been consistent with company performance over the past year.
  • Sandeep's remuneration is lower than average for companies of similar size in India.
Management Team

Sandeep Agarwal

TITLE
MD, CEO & Executive Director
AGE
54

Ashok Singhal

TITLE
CFO and President of Corporate Finance & Accounts

Pramod Rajput

TITLE
Executive Director
COMPENSATION
₹1M
AGE
62

Sanjiv Malik

TITLE
Senior Vice President of Operations
COMPENSATION
₹120K

B. Sharma

TITLE
Senior Vice President of Operations
COMPENSATION
₹214K

Anish Rai

TITLE
Senior Vice President of Sale & Administration
COMPENSATION
₹159K

Ajay Gupta

TITLE
Company Secretary

Rajesh Sehgal

TITLE
Vice President of Marketing

Sanjeev Dhawan

TITLE
Head of Outsourcing

Kamlesh Verma

TITLE
Vice President
Board of Directors Tenure

Average tenure and age of the Alps Industries board of directors in years:

9.8
Average Tenure
70
Average Age
  • The tenure for the Alps Industries board of directors is about average.
Board of Directors

Kishan Agarwal

TITLE
Non-Executive Chairman
COMPENSATION
₹40K
AGE
77

Sandeep Agarwal

TITLE
MD, CEO & Executive Director
AGE
54
TENURE
26.3 yrs

Pramod Rajput

TITLE
Executive Director
COMPENSATION
₹1M
AGE
62
TENURE
12.8 yrs

Prabhat Krishna

TITLE
Independent Director
COMPENSATION
₹65K
AGE
70
TENURE
9.8 yrs

Tilak Khosla

TITLE
Independent Director
COMPENSATION
₹65K
AGE
71
TENURE
9.8 yrs

Pradyuman Lamba

TITLE
Independent Director
COMPENSATION
₹65K
AGE
72
TENURE
9.3 yrs

Deepika Shergill

TITLE
Independent Woman Director
COMPENSATION
₹30K
AGE
56
TENURE
4.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Alps Industries's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Alps Industries has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ALPSINDUS News

Simply Wall St News

What Kind Of Shareholder Appears On The Alps Industries Limited's (NSE:ALPSINDUS) Shareholder Register?

The big shareholder groups in Alps Industries Limited (NSE:ALPSINDUS) have power over the company. … Alps Industries is not a large company by global standards. … View our latest analysis for Alps Industries

Simply Wall St -

What Kind Of Shareholder Appears On The Alps Industries Limited's (NSE:ALPSINDUS) Shareholder Register?

The big shareholder groups in Alps Industries Limited (NSE:ALPSINDUS) have power over the company. … Generally speaking, as a company grows, institutions will increase their ownership. … Alps Industries is not a large company by global standards.

Simply Wall St -

Who Owns Most Of Alps Industries Limited (NSE:ALPSINDUS)?

I am going to take a deep dive into Alps Industries Limited’s (NSE:ALPSINDUS) most recent ownership structure, not a frequent subject of discussion among individual investors. … Ownership structure of a company has been found to affect share performance over time. … NSEI:ALPSINDUS Ownership Summary July 20th 18

Simply Wall St -

Who Are The Largest Shareholders In Alps Industries Limited (NSE:ALPSINDUS)?

Check out our latest analysis for Alps Industries NSEI:ALPSINDUS Ownership_summary Mar 14th 18 Institutional Ownership Institutional investors are one of the largest group of market participants and their buy-sell decisions on a company's stock can significantly impact prices, more so, when there are relatively small amounts of shares available on the market to trade. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.Next Steps: Institutional ownership in ALPSINDUS is not at a level that would concern investors.

Simply Wall St -

Consumer Industry Trends And Its Impact On Alps Industries Limited (NSE:ALPSINDUS)

In this article, I’ll take you through the sector growth expectations, and also determine whether Alps Industries is a laggard or leader relative to its consumer discretionary sector peers. … Check out our latest analysis for Alps Industries What’s the catalyst for Alps Industries's sector growth? … If your initial investment thesis is around the growth prospects of Alps Industries, there are other luxury goods companies that have delivered higher growth, and perhaps trading at a discount to the industry average.

Simply Wall St -

Breaking Down Alps Industries Limited's (NSE:ALPSINDUS) Ownership Structure

The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.What this means for you: Institutional ownership level and composition in ALPSINDUS is not high nor active enough to significantly impact its investment thesis.

Simply Wall St -

ALPSINDUS Company Info

Description

Alps Industries Limited manufactures and sells home furnishings, fashion accessories, yarns, and architectural products in India. The company offers various yarn products, including open end, carded and combed grey single, compact, organic cotton, fair trade cotton, contamination free, slub, core spun lycra, reverse and zero twist, dyed, organic dyed, recycled cotton, and recycled polyester yarns. It also provides home textiles, such as drapery, upholstery, blackouts, duvet sets, bed covers and sheets, quilts, pillows, cushion covers, curtains, and table linens; cashmere, sheer and aromatic shawls, scarves, mufflers, stoles, wraps, and other fashion accessories; and fabrics for upholstery, including office furniture and automobile seats. In addition, the company offers automotive/technical textiles; and bedding, windows dressings, decorative pillows and accents, table linen, and kitchen linen products. It sells its architectural products under the Vista brand name; and fashion accessories under the Le Pashmina brand name. The company also exports its products. Alps Industries Limited was founded in 1962 and is based in Ghaziabad, India.

Details
Name: Alps Industries Limited
ALPSINDUS
Exchange: NSEI
Founded: 1962
₹129,076,530
39,114,100
Website: http://www.alpsindustries.com
Address: Alps Industries Limited
57/2 Site IV,
Industrial Area,
Ghaziabad,
Uttar Pradesh, 201010,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 530715 Equity Shares Mumbai Stock Exchange IN INR 30. Apr 1996
NSEI ALPSINDUS Equity Shares National Stock Exchange of India IN INR 30. Apr 1996
Number of employees
Current staff
Staff numbers
0
Alps Industries employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 12:47
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2019/02/12
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.