Alps Industries Limited (ALPSINDUS) AI Stock Analysis

• Market Cap: ₹134.55M
• Dividend Yield: N/A
• Average Volume (3M): 8.20K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.14
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IN
• Employees: 4
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Apparel - Manufacturers
• EPS (TTM): -4.33
• Shares Outstanding: 3,911,410
• 10 Day Avg. Volume: 6,751
• 30 Day Avg. Volume: 8,203
• PEG Ratio: >-0.01
• Price to Book (P/B): >-0.01
• Price to Sales (P/S): 31.44
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: ₹3.50 ▼(-0.28% Downside)
• Action: N/A Date: 01/04/26
• Date: Action: N/A 01/04/26

The score is held down primarily by very weak financial performance (persistent losses, sharp revenue contraction, negative equity, and high debt). Technical indicators are relatively supportive with price above key moving averages and positive MACD, but valuation is unattractive/limited due to loss-making results and no dividend data.

Alps Industries Limited Business Overview & Revenue Model

Company Description

Alps Industries Limited, together with its subsidiaries, engages in the manufacture and sale of home furnishings, fashion accessories, and yarns in India and internationally. The company offers various yarn products, including open end, carded and combed grey single, compact, organic cotton, fair trade and USA 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, and kitchen linen products. Alps Industries Limited was founded in 1962 and is based in Ghaziabad, India.

How the Company Makes Money

Alps Industries Limited Financial Statement Overview

Summary

Financial profile appears distressed: persistent large net losses with extremely weak FY2025 margins, sharp revenue deterioration in FY2025, deeply negative equity across years, and very high debt indicating elevated solvency risk. Cash flows are also inconsistent with multiple years of negative operating cash flow.

Income Statement

Profitability is very weak: net losses are large and persistent (FY2020–FY2025), and FY2025 shows extreme pressure with net margin around -234% alongside negative EBIT and EBITDA. Revenue has also deteriorated sharply, with FY2025 revenue collapsing versus FY2024 (about -137% growth), signaling a shrinking operating base. A positive is that gross profit in FY2025 is high versus reported revenue, but it is not translating into operating or bottom-line profitability, and results remain highly volatile year to year.

Balance Sheet

Balance sheet risk is elevated: total debt is very large while shareholders’ equity is deeply negative in every year shown, indicating accumulated losses and a highly stressed capital structure. Debt-to-equity is not meaningful due to negative equity, but directionally it highlights heavy leverage and limited financial flexibility. Total assets are also relatively low versus debt, which further underscores solvency risk.

Cash Flow

Cash generation is inconsistent and often negative: operating cash flow is negative in FY2020, FY2022, FY2024, and FY2025, implying the core business frequently consumes cash. Free cash flow swings materially (positive in FY2021 and FY2023, negative in FY2020/FY2022/FY2024, and reported as zero in FY2025), pointing to weak stability and planning visibility. The main positive is that free cash flow has at times matched or exceeded net income (loss), but given recurring losses and uneven operating cash flow, overall cash-flow quality remains weak.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	0.00	2.73M	19.09M	172.28M	2.77B	2.40B
Gross Profit	2.59M	2.59M	-2.83M	25.68M	275.24M	456.82M
EBITDA	-5.61M	-5.14M	26.84M	-5.14M	-170.23M	-89.47M
Net Income	-663.45M	-638.97M	-562.43M	-598.27M	-829.05M	-749.28M
Balance Sheet
Total Assets	95.15M	140.71M	48.08M	69.69M	454.89M	1.96B
Cash, Cash Equivalents and Short-Term Investments	47.97M	94.24M	135.00K	1.37M	3.31M	8.59M
Total Debt	9.26B	8.92B	8.28B	7.69B	7.15B	7.71B
Total Liabilities	9.37B	9.08B	8.35B	7.81B	7.59B	8.27B
Stockholders Equity	-9.27B	-8.93B	-8.29B	-7.73B	-7.13B	-6.30B
Cash Flow
Free Cash Flow	186.49M	0.00	-590.24M	380.89M	-589.93M	353.28M
Operating Cash Flow	186.49M	-538.60M	-590.24M	380.89M	-586.30M	358.16M
Investing Cash Flow	29.20M	-73.59M	237.00K	3.17M	1.02B	132.45M
Financing Cash Flow	-234.05M	-449.16M	-419.46M	-386.00M	-439.67M	-495.63M

Alps Industries Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
ALPSINDUS	45 Neutral	₹134.55M	-0.10	―	―	―	―
EUROTEXIND	43 Neutral	₹126.87M	-3.16	―	―	-53.77%	―