Alpine Housing Development Corporation Ltd. (ALPINEHOU.BO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-432.3%

-₹310.66

vs ₹93.50 price

Levered DCF

₹104.26

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

—

Rating

B-

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	21.74×	39.78×	77.88×	87.37×	31.63×	8.23×	4.61×	9.36×
P/B	1.46×	2.41×	3.37×	2.73×	0.89×	0.33×	0.22×	0.42×
P/S	1.72×	3.41×	4.87×	4.35×	1.46×	0.55×	0.37×	0.89×
EV / EBITDA	11.49×	22.74×	39.78×	40.37×	19.11×	9.23×	7.8×	12.97×
Gross margin	38.3%	32.5%	26.9%	22.4%	20.7%	26.2%	24.5%	33.5%
Operating margin	12.3%	14.1%	22.2%	17.6%	10.0%	12.4%	12.8%	18.3%
Net margin	7.9%	8.6%	6.3%	5.0%	4.6%	6.7%	8.1%	9.6%
Current ratio	1.8×	2.12×	2.29×	2.13×	2.67×	1.95×	1.75×	2×
Debt / equity	0.16×	0.17×	0.21×	0.28×	0.6×	0.58×	0.65×	0.91×
Interest coverage	5.14×	4.05×	5.8×	3.85×	1.76×	1.99×	1.92×	2.32×
Dividend yield	0.0%	0.4%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	17.1%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	6.7%	6.1%	4.3%	3.1%	2.8%	4.0%	4.8%	4.5%
Return on invested capital	7.2%	6.9%	10.5%	7.2%	3.1%	3.8%	3.9%	3.5%
Return on assets	3.5%	3.5%	2.4%	1.6%	1.3%	1.7%	1.8%	1.6%
Free cash flow yield	14.1%	0.0%	2.4%	10.1%	-3.0%	18.3%	89.5%	35.8%
Earnings yield	4.6%	2.5%	1.3%	1.1%	3.2%	12.2%	21.7%	10.7%
Enterprise value	₹1.2B	₹2.1B	₹2.8B	₹2.3B	₹1.1B	₹623.5M	₹575.7M	₹836.8M
Net debt / EBITDA	-0.74×	1.13×	1.98×	3.68×	7.45×	5.77×	5.75×	8.67×
Cash conversion cycle (days)	618	653	647	863	1,055	1,549	1,741	2,566