Alpine Housing Development Corporation Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2024 • Housing Construction: 82.9% • Industry: 17.1%
AI Sector View
AI GENERATEDRealty
Housing and construction indicators remain supportive for real estate. The housing index reached 105 (Mar/26), residential property prices rose 4.21% (Mar/26), construction output was 5.4% (Jul/26), and cement output accelerated to 13.1% YoY (2026-07). Bank lending rates are steady at 8.96% (Aug/26) rather than easing, but FPI flows turned positive with INR 1999 crore net inflow over 3 months to 2026-08-31 from INR -7216 crore previously.
PROS
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 3.70x)
- Company generates healthy free cash flow
- Company maintains a comfortable, low leverage position
CONS
- A large part of profit comes from other income (65.8% of PBT)
- Company has a low return on capital employed of 5.1%
- Company has a low return on equity of 3.5% over last 3 years
- Company has delivered a poor profit growth of 3.0% over past five years
- Operating margins have contracted to 8.2% from 16.1%
- Recurring exceptional / one-off items are inflating headline profit
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| DLF | 672.30 | 37.43 | 166415.21 | 1.19 | 793.90 | -89.59 | 1280.34 | -52.87 | 6.81 | 49.68 |
| LODHA | 1210.75 | 29.32 | 120980.95 | 0.35 | 1373.10 | 103.39 | 4996.70 | 43.10 | 16.89 | 38.51 |
| PHOENIXLTD | 1911.60 | 53.42 | 68373.70 | 0.13 | 394.51 | 22.95 | 1074.94 | 12.80 | 15.41 | 59.77 |
| OBEROIRLTY | 1857.70 | 25.69 | 67546.39 | 0.43 | 543.51 | 29.02 | 1300.89 | 31.73 | 17.69 | 56.75 |
| PRESTIGE | 1558.85 | 58.96 | 67144.38 | 0.13 | 271.40 | -12.87 | 2675.10 | 15.94 | 11.51 | 31.75 |
| GODREJPROP | 1915.00 | 36.05 | 57684.87 | 0.52 | 349.38 | -41.61 | 506.17 | 16.48 | 8.37 | -57.98 |
| ANANTRAJ | 641.10 | 39.87 | 23071.71 | 0.16 | 149.19 | 18.50 | 631.40 | 6.58 | 12.23 | 29.53 |
| BRIGADE | 680.50 | 31.95 | 22201.94 | 0.22 | 216.94 | 37.35 | 1115.55 | -12.93 | 11.02 | 32.33 |
| ABREL | 1377.35 | 116.32 | 15384.40 | 0.18 | -34.59 | -27.73 | 188.85 | 30.95 | -4.54 | -30.02 |
| SOBHA | 1250.45 | 57.99 | 13374.04 | 0.48 | 50.85 | 273.37 | 1278.15 | 50.03 | 6.96 | 6.07 |
| SIGNATURE | 799.30 | 10.77 | 11245.03 | 0.00 | -16.53 | -148.00 | 551.99 | -36.24 | 34.77 | -8.10 |
| ALPINEHOU | 121.25 | 28.31 | 210.03 | 0.00 | 1.95 | 260.37 | 16.76 | 1.51 | 6.37 | 18.19 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 16 | 13 | 12 | 15 | 11 | 9 | 22 | 15 | 17 | 15 | 22 | 20 | 17 | |
| 15 | 12 | 11 | 13 | 10 | 8 | 19 | 12 | 16 | 14 | 19 | 16 | 14 | |
| Operating Profit | 1 | 1 | 1 | 2 | 1 | 1 | 2 | 4 | 0 | 1 | 3 | 3 | 2 |
| OPM % | 5.66% | 10.97% | 10.91% | 13.15% | 7.02% | 9.97% | 10.18% | 23.64% | 2.73% | 8.29% | 12.83% | 17.13% | 13.97% |
| 0 | 0 | 0 | -0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | -0 | 0 | |
| Interest | 0 | 1 | 0 | 1 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Profit before Tax | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 3 | 3 | 2 |
| Tax % | 4.62% | 24.56% | 14.77% | 14.29% | 11.11% | 18.46% | 18.18% | 19.59% | -3.85% | 20.69% | 15.56% | 24.71% | 16.91% |
| Net Profit | 1 | 1 | 1 | 1 | 0 | 1 | 2 | 2 | 1 | 1 | 2 | 3 | 2 |
| 0.36 | 0.50 | 0.43 | 0.69 | 0.28 | 0.30 | 0.99 | 1.35 | 0.31 | 0.40 | 1.25 | 1.51 | 1.12 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 16 | 24 | 28 | 30 | 31 | 41 | 42 | 45 | 48 | 55 | 73 | |
| 15 | 19 | 23 | 25 | 25 | 35 | 36 | 40 | 43 | 50 | 63 | |
| Operating Profit | 2 | 6 | 5 | 5 | 6 | 6 | 6 | 5 | 5 | 4 | 10 |
| OPM % | 11.65% | 22.92% | 16.86% | 16.13% | 18.58% | 14.55% | 13.72% | 11.24% | 9.70% | 8.15% | 13.32% |
| 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | -0 | |
| Interest | 1 | 1 | 1 | 2 | 2 | 3 | 3 | 3 | 2 | 2 | 2 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| Profit before Tax | 2 | 5 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 4 | 9 |
| Tax % | 6.52% | 22.51% | 18.52% | 16.55% | 21.32% | 14.91% | 16.96% | 17.64% | 14.48% | 15.73% | 19.82% |
| Net Profit | 1 | 4 | 3 | 3 | 3 | 3 | 3 | 2 | 2 | 3 | 7 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.90 | 1.64 | 0.00 | 0.00 | 1.98 | — |
| Dividend Payout % | 45.22% | 19.23% | 21.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 25.23% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 3%
- 5 Years:
- 12%
- 3 Years:
- 9%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 9%
- 5 Years:
- 3%
- 3 Years:
- 6%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 1%
- 1 Year:
- -27%
RETURN ON EQUITY
- 10 Years:
- 4%
- 5 Years:
- 4%
- 3 Years:
- 3%
- Last Year:
- 4%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 13 | 13 | 13 | 17 | 17 | 17 | 17 | 17 | 17 |
| 47 | 44 | 47 | 49 | 48 | 51 | 54 | 56 | 59 | 62 | |
| 39 | 41 | 53 | 68 | 59 | 44 | 41 | 45 | 22 | 17 | |
| Trade Payables | 5 | 4 | 4 | 6 | 5 | 6 | 2 | 2 | 2 | 2 |
| 37 | 58 | 58 | 54 | 61 | 66 | 52 | 37 | 45 | 42 | |
| Total Liabilities | 135 | 161 | 174 | 190 | 191 | 185 | 166 | 158 | 146 | 140 |
| 14 | 15 | 14 | 13 | 12 | 12 | 11 | 6 | 5 | 10 | |
| Capital Work in Progress | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 67 | 100 | 107 | 118 | 118 | 104 | 94 | 79 | 62 | 54 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26 | |
| Cash & Bank | 1 | 4 | 1 | 3 | 4 | 2 | 2 | 2 | 1 | 3 |
| 52 | 42 | 52 | 57 | 57 | 66 | 59 | 70 | 77 | 48 | |
| Total Assets | 135 | 161 | 174 | 190 | 191 | 185 | 166 | 158 | 146 | 140 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -10 | 4 | -12 | -11 | 14 | 18 | 8 | 2 | 24 | 12 | |
| Cash from Investing | -1 | -0 | -0 | 1 | -0 | -1 | 0 | 0 | 0 | -4 |
| Cash from Financing | 13 | 3 | 12 | 15 | -9 | -15 | -4 | 2 | -22 | -4 |
| -0 | 4 | -3 | 1 | 1 | -2 | 0 | -0 | -1 | 2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
No announcements filed.
News
Recent coverage and analyst commentary for ALPINEHOU
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