Alpine Housing Development Corporation Ltd

Alpine Housing Development Corporation Ltd

₹ 142 1.65%
29 Sep 4:01 p.m.
About

Alpine Housing Development was incorporated in the year 1991. The key services include commercial flats, shops & plots and property development. [1] [2]

Key Points

Sector Offerings
The Operations of the Co can be categorized into three categories namely Construction and development of residential projects and commercial projects, Alloys, and Concrete Sleeper [1]
Its Alpine Concrete Sleepers is a concrete Sleeper manufacturing unit to manufacture Railway sleepers for Indian Railways. Its unit is at Wadi in Gulbarga District in Karnataka. Presently, it is executing contracts with the Railway Board and Central Railways to manufacture Railway Sleepers and turnout Points. [2]

  • Market Cap 245 Cr.
  • Current Price 142
  • High / Low 160 / 60.6
  • Stock P/E 84.5
  • Book Value 43.8
  • Dividend Yield 0.00 %
  • ROCE 4.64 %
  • ROE 3.24 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 3.23 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 9.53% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 3.40% over last 3 years.
  • Company might be capitalizing the interest cost
  • Company has high debtors of 271 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Construction Industry: Construction

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Quarterly Results

Figures in Rs. Crores

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
10.06 10.77 15.28 7.79 10.94 16.23 10.52 11.67 10.07 8.69 18.36 16.45
8.57 8.74 13.36 6.45 9.34 14.59 9.45 10.81 9.19 7.13 15.92 15.17
Operating Profit 1.49 2.03 1.92 1.34 1.60 1.64 1.07 0.86 0.88 1.56 2.44 1.28
OPM % 14.81% 18.85% 12.57% 17.20% 14.63% 10.10% 10.17% 7.37% 8.74% 17.95% 13.29% 7.78%
-0.01 -0.01 -0.01 0.00 -0.01 0.00 0.00 -0.03 -0.01 0.00 0.00 0.00
Interest 0.64 0.85 0.51 0.52 0.71 0.71 0.61 0.57 0.56 0.59 0.45 0.49
Depreciation 0.16 0.20 0.18 0.14 0.14 0.14 0.14 0.19 0.19 0.19 0.19 0.14
Profit before tax 0.68 0.97 1.22 0.68 0.74 0.79 0.32 0.07 0.12 0.78 1.80 0.65
Tax % 10.29% 17.53% 23.77% 13.24% 18.92% 15.19% 28.12% -42.86% -16.67% 16.67% 17.78% 4.62%
0.60 0.79 0.93 0.58 0.60 0.67 0.23 0.10 0.14 0.65 1.48 0.62
EPS in Rs 0.35 0.46 0.54 0.33 0.35 0.39 0.13 0.06 0.08 0.38 0.85 0.36
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
18.65 30.72 39.19 16.41 23.99 27.70 30.25 30.96 40.54 42.16 44.89 47.68 53.57
16.39 28.81 36.78 14.51 18.48 23.01 25.37 25.17 34.50 36.38 39.85 43.06 47.41
Operating Profit 2.26 1.91 2.41 1.90 5.51 4.69 4.88 5.79 6.04 5.78 5.04 4.62 6.16
OPM % 12.12% 6.22% 6.15% 11.58% 22.97% 16.93% 16.13% 18.70% 14.90% 13.71% 11.23% 9.69% 11.50%
0.85 1.37 1.06 1.27 1.18 1.04 1.43 1.21 1.33 0.98 0.60 1.08 -0.01
Interest 0.99 0.88 0.67 0.54 0.62 1.15 1.85 2.44 2.71 2.63 2.55 2.17 2.09
Depreciation 1.02 1.01 1.10 1.10 0.84 0.86 0.71 0.80 0.79 0.70 0.56 0.75 0.71
Profit before tax 1.10 1.39 1.70 1.53 5.23 3.72 3.75 3.76 3.87 3.43 2.53 2.78 3.35
Tax % 20.00% 19.42% 12.35% 6.54% 22.56% 18.55% 16.53% 21.54% 14.99% 16.91% 17.79% 14.39%
0.88 1.12 1.49 1.44 4.05 3.03 3.13 2.96 3.29 2.84 2.08 2.38 2.89
EPS in Rs 0.51 0.64 0.86 0.83 2.34 1.75 1.81 1.71 1.90 1.64 1.20 1.37 1.67
Dividend Payout % 0.00% 58.04% 43.62% 45.14% 19.24% 21.44% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 4%
5 Years: 10%
3 Years: 6%
TTM: 9%
Compounded Profit Growth
10 Years: 6%
5 Years: -4%
3 Years: -11%
TTM: 78%
Stock Price CAGR
10 Years: 35%
5 Years: 50%
3 Years: 136%
1 Year: 89%
Return on Equity
10 Years: 4%
5 Years: 4%
3 Years: 3%
Last Year: 3%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
6.50 6.50 6.50 6.50 12.99 12.99 12.99 17.32 17.32 17.32 17.32 17.32
Reserves 45.71 46.07 46.80 47.45 44.01 47.04 49.39 48.02 51.32 54.16 56.24 58.62
59.22 55.70 26.23 38.87 41.20 52.96 67.99 59.48 44.44 41.35 44.19 21.56
20.13 16.90 40.73 42.00 62.41 61.50 59.71 66.12 71.75 53.43 39.97 48.11
Total Liabilities 131.56 125.17 120.26 134.82 160.61 174.49 190.08 190.94 184.83 166.26 157.72 145.61
9.90 8.93 14.72 14.48 14.82 14.20 12.52 12.21 11.92 11.43 11.22 10.68
CWIP 0.75 0.75 0.77 0.87 0.02 0.02 0.00 0.00 0.00 0.07 0.00 0.00
Investments 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.11 0.13
120.87 115.45 104.73 119.43 145.73 160.23 177.52 178.69 172.87 154.72 146.39 134.80
Total Assets 131.56 125.17 120.26 134.82 160.61 174.49 190.08 190.94 184.83 166.26 157.72 145.61

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-12.08 2.63 37.12 -12.22 0.96 -14.50 -14.67 9.90 14.42 4.29 -1.95 20.84
-0.04 0.01 -6.90 -0.78 -0.21 -0.21 1.15 -0.03 -0.91 -0.05 0.17 0.13
12.40 -3.17 -30.08 12.94 2.90 11.62 14.94 -8.84 -15.04 -4.17 1.60 -22.39
Net Cash Flow 0.28 -0.53 0.14 -0.07 3.64 -3.08 1.42 1.03 -1.53 0.06 -0.18 -1.41

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 686.36 341.59 135.61 468.43 193.23 186.45 178.58 154.32 180.70 229.25 260.76 271.30
Inventory Days 4,077.82 1,072.76 7,426.49 7,694.28 2,267.13 2,170.96 1,501.80 1,028.80
Days Payable 363.68 210.69 364.37 308.40 130.79 39.94 37.26 38.13
Cash Conversion Cycle 686.36 4,055.73 997.68 468.43 193.23 186.45 7,240.70 7,540.21 2,317.04 2,360.27 1,725.30 1,261.97
Working Capital Days 1,899.57 1,148.23 570.74 1,673.31 1,192.53 1,263.27 1,373.00 1,263.47 874.69 831.81 768.13 586.62
ROCE % 1.91% 2.29% 2.80% 2.40% 6.25% 4.62% 4.50% 4.87% 5.69% 5.39% 4.41% 4.64%

Shareholding Pattern

Numbers in percentages

Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
73.77% 73.77% 73.77% 73.72% 73.69% 73.69% 73.69% 73.69% 73.69% 73.69% 73.69% 73.66%
0.22% 0.22% 0.22% 0.21% 0.21% 0.21% 0.21% 0.21% 0.21% 0.21% 0.21% 0.21%
26.01% 26.01% 26.01% 26.07% 26.10% 26.10% 26.10% 26.10% 26.10% 26.11% 26.11% 26.13%
No. of Shareholders 4,1784,1634,1113,5883,6463,6073,6893,8313,9713,8493,8013,870

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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