---
title: "Alps Industries Ltd (ALPSINDUS) — Share Price, Financials & Analysis"
symbol: "ALPSINDUS"
company: "Alps Industries Ltd"
canonical: "https://tapetide.com/stocks/ALPSINDUS"
isin: "INE093B01015"
nse_symbol: "ALPSINDUS"
bse_code: "530715"
sector: "Consumer Discretionary"
industry: "Textiles & Apparels"
generated_at: "2026-09-13T18:19:29.411Z"
---

# Alps Industries Ltd (ALPSINDUS)

Canonical page: https://tapetide.com/stocks/ALPSINDUS

## Company

- **NSE Symbol:** ALPSINDUS
- **BSE Code:** 530715
- **ISIN:** INE093B01015
- **Sector:** Consumer Discretionary
- **Industry:** Textiles & Apparels
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 1996-04-24
- **CEO:** Mr. Sandeep Agarwal
- **Employees:** 2
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** alpsindustries.com

## About

Incorporated in 1972, Alps Industries Ltd is in the textile business[1]

## Latest Price

- **Price:** ₹3.43
- **Change:** -0.06 (-1.72%)
- **Open:** ₹3.43
- **Day High:** ₹3.43
- **Day Low:** ₹3.43
- **Previous Close:** ₹3.49
- **Volume:** 11633
- **As Of:** 2026-01-05T02:03:38+00:00

## Key Insights

### Strengths

- Company has reduced debt.

### Weaknesses

- Company has low interest coverage ratio.
- Promoter holding is low: 22.2%
- Contingent liabilities of Rs.93.9 Cr.
- Promoters have pledged 46.3% of their holding.
- Company's cost of borrowing seems high
- Promoter holding has decreased over last 3 years: -4.85%

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 47% | 4% | 7% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.99 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 1.41 | 0.26 | 0.24 | 0.27 | 0.12 | 0.39 | 0.4 | 0.27 | 0.16 | 0.34 | 1.91 | 0.19 |
| Operating Profit | -0.42 | -0.26 | -0.24 | -0.27 | -0.12 | -0.39 | -0.4 | -0.27 | -0.16 | -0.34 | -1.91 | -0.19 |
| OPM % | -42.42 | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 1.14 | 0.06 | 1.28 | 0.02 | 0.1 | 0.27 | 0.27 | 0.09 | 0.03 | 77.4 | 0.01 | 0 |
| Interest | 14.64 | 14.82 | 14.99 | 15.56 | 15.75 | 15.94 | 16.13 | 16.75 | 16.97 | 15.02 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.14 | 0 |
| Profit before tax | -13.92 | -15.02 | -13.95 | -15.81 | -15.77 | -16.06 | -16.26 | -16.93 | -17.1 | 62.04 | -2.04 | -0.19 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -13.92 | -15.02 | -13.95 | -15.81 | -15.76 | -16.05 | -16.26 | -16.93 | -17.1 | 62.04 | -2.04 | -0.19 |
| EPS in Rs | -3.56 | -3.84 | -3.57 | -4.04 | -4.03 | -4.1 | -4.16 | -4.33 | -4.37 | 15.86 | -0.52 | -0.05 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 363 | 371 | 313 | 254 | 302 | 17 | 2 | 0 | 0 | 0 |
| Expenses | 392 | 369 | 369 | 273 | 317 | 24 | 3 | 1 | 3 | 3 |
| Operating Profit | -29 | 2 | -56 | -19 | -14 | -7 | -1 | -1 | -3 | -3 |
| OPM % | -8 | 0.6 | -18 | -7 | -4.7 | -42 | -57 | — | — | — |
| Other Income | 0 | 27 | 17 | 10 | -3 | 2 | 4 | 1 | 78 | 77 |
| Interest | 55 | 59 | 58 | 58 | 61 | 55 | 59 | 63 | 49 | 32 |
| Depreciation | 35 | 34 | 15 | 8 | 5 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -120 | -63 | -112 | -75 | -83 | -60 | -56 | -64 | 26 | 43 |
| Tax % | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Net Profit | -120 | -63 | -113 | -75 | -83 | -60 | -56 | -64 | 26 | 43 |
| EPS in Rs | -30.59 | -16.17 | -28.7 | -19.16 | -21.19 | -15.3 | -14.38 | -16.34 | 6.64 | 10.92 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 8 |
| Reserves | -300 | -419 | -482 | -595 | -670 | -752 | -812 | -869 | -932 | -15 |
| Borrowings | 670 | 723 | 772 | 730 | 771 | 715 | 769 | 828 | 892 | 11 |
| Other Liabilities | 109 | 74 | 49 | 52 | 56 | 44 | 11 | 6 | 16 | 0 |
| Total Liabilities | 519 | 417 | 378 | 226 | 196 | 45 | 7 | 5 | 14 | 3 |
| Fixed Assets | 365 | 321 | 289 | 152 | 109 | 2 | 2 | 2 | 2 | 0 |
| CWIP | 7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Other Assets | 146 | 95 | 87 | 73 | 86 | 42 | 3 | 1 | 11 | 2 |
| Total Assets | 519 | 417 | 378 | 226 | 196 | 45 | 7 | 5 | 14 | 3 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 65 | 42 | 62 | -12 | 36 | -59 | 38 | 42 | 54 | 552 |
| Cash from Investing Activity | -29 | 11 | -3 | 73 | 13 | 102 | 0 | 0 | -7 | 8 |
| Cash from Financing Activity | -37 | -56 | -57 | -62 | -50 | -44 | -39 | -42 | -45 | -561 |
| Net Cash Flow | -1 | -2 | 1 | -2 | 0 | 0 | 0 | 0 | 2 | -2 |
| Free Cash Flow | 34 | 54 | 58 | 62 | 47 | 43 | 38 | 42 | 54 | 552 |
| CFO/OP | -141 | -145 | 3027 | 21 | -189 | 411 | -506 | -3869 | -4628 | -20437 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 30 | 30 | 30 | 25 | 46 | 38 | 8 | 0 | — | — |
| Inventory Days | 72 | 48 | 45 | 47 | 69 | 0 | 0 | 0 | — | — |
| Days Payable | 39 | 29 | 35 | 45 | 74 | — | — | — | — | — |
| Cash Conversion Cycle | 63 | 50 | 39 | 27 | 41 | 38 | 8 | 0 | — | — |
| Working Capital Days | -182 | -321 | -344 | -355 | -466 | -335 | -6832 | -68685 | — | — |
| ROCE % | -17 | -16 | -8 | -25 | -16 | -22 | — | — | — | -518 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 27.06% | 27.06% | 27.06% | 27.06% | 27.06% | 27.06% | 27.06% | 22.21% | 22.21% | 22.21% | 22.21% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0.01% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0.38% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 72.93% | 72.93% | 72.93% | 72.56% | 72.93% | 72.93% | 72.93% | 77.8% | 77.79% | 77.79% | 77.8% |
| No. of Shareholders | 22382 | 20934 | 20279 | 19534 | 19052 | 21326 | 23210 | 26977 | 35037 | 34584 | 34584 |

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 27.06% | 22.21% | 22.21% | 22.21% | 22.21% | 22.21% | 22.21% | 22.21% | 22.21% | 22.21% | 22.21% | 22.21% |
| Public | 72.93% | 77.79% | 77.8% | 77.8% | 77.8% | 77.79% | 77.79% | 77.8% | 77.79% | 77.8% | 77.79% | 77.8% |
| No. of Shareholders | 24908 | 25577 | 26977 | 30731 | 33533 | 34255 | 35037 | 34704 | 34389 | 34511 | 34584 | 34584 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 11 / 5 / 3

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 3.63 | Sell |
| EMA (10) | 3.47 | Sell |
| SMA (20) | 3.12 | Buy |
| EMA (20) | 3.18 | Buy |
| SMA (50) | 2.4 | Buy |
| EMA (50) | 2.63 | Buy |
| SMA (100) | 2.1 | Buy |
| EMA (100) | 2.38 | Buy |
| SMA (200) | 2.28 | Buy |
| EMA (200) | 2.41 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 67.91 | Neutral |
| MACD (12,26,9) | 0.4 | Sell |
| Stochastic (14,3,3) | 58.75 | Neutral |
| ADX (14) | 52.56 | Buy |
| Williams %R (14) | -50.88 | Neutral |
| ATR (14) | 0.13 | High Volatility |
| ROC (12) | 13.95 | Buy |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 40.45 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-01 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9661d0e2-7999-4508-94c4-3d8f92776225.pdf) |
| 2026-08-26 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7dfa5d60-5675-4e8c-849e-ce53eeaa222e.pdf) |
| 2026-08-26 | [AGM Notice For AGM To Be Held On 30.9.26.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8e8fb976-19db-40e6-ad7a-8bc3b6313669.pdf) |
| 2026-08-25 | [AGM Notice For AGM To Be Held On 30.9.26.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=86eba080-046c-4b24-8627-5e42d0762972.pdf) |
| 2026-08-14 | [INTIMATION FOR THE BOOK CLOSURE/ CUT-OFF DATE/ E-VOTING FOR ANNUAL GENERAL MEETING HOLDING THROUGH VIDEO CONFERENCING (VC)/OTHER AUDIO VISUAL MEANS (OAVM) ON SEPTEMBER 30 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4d804e5d-9d48-459a-b36b-6301c5717173.pdf) |
| 2026-08-13 | [Board Meeting Outcome for INFORMATION FOR DECISIONS TAKEN AT THE MEETING OF BOARD OF DIRECTORS HELD ON THURSDAY AUGUST 13 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7840cc92-5e82-43bb-984e-526f42549ac7.pdf) |
| 2026-08-13 | [Board Meeting Outcome for INFORMATION FOR DECISIONS TAKEN AT THE MEETING OF BOARD OF DIRECTORS HELD ON THURSDAY AUGUST 13 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0fead656-09de-4eb8-a4c7-819626e9ec7b.pdf) |
| 2026-08-03 | [Board Meeting Intimation for Consideration & Approval Of Financial Result For The Quarter Ended On 30Th June 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dc564a98-851e-44a7-8013-28b532c3eb00.pdf) |
| 2026-07-23 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=629acc4c-e995-43a9-be9d-3b95a51ddc4f.pdf) |
| 2026-06-26 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bd4635f1-9da4-43cd-8782-cfb5b202b6fc.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8h - Approved unaudited Q3/9M Dec 31,2025 results; NCLT plan implemented; shares consolidated to 39,11,410. | [Board Meeting Outcome for OUTCOME OF BOARD MEETING AND STANDALONE AND CONSOLIDATED FINANCIAL STATEMENT FINANCIAL STATEMENT 8h - Approved unaudited Q3/9M Dec 31,2025 results; NCLT plan implemented; shares consolidated to 39,11,410.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/cf81f5f8-3f59-4374-b681-8173d79305e1.pdf) |
| 7 March 2026 - Management to participate in Bharat Connect Conference on 9 Mar 2026 at 2:00 PM (virtual). | [Analysts/Institutional Investor Meet/Con. Call Updates 7 March 2026 - Management to participate in Bharat Connect Conference on 9 Mar 2026 at 2:00 PM (virtual).](https://nsearchives.nseindia.com/corporate/SUBAHOTELS_07032026152332_Disclosure_under_reg_30_investor_meet_07032026.pdf) |
| 4 March 2026 - Binding term sheet for 40-room Click Hotels property in Vijayawada; operations expected July 2026. | [Agreements 4 March 2026 - Binding term sheet for 40-room Click Hotels property in Vijayawada; operations expected July 2026.](https://nsearchives.nseindia.com/corporate/SUBAHOTELS_04032026141138_Disclosure_under_reg_30_Vijayawada_Andhra_Pradesh.pdf) |
| 4 February 2026 - Exchange has sought clarification from Suba Hotels Limited for the quarter ended 30-Sep-2025 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On … | [Clarification - Financial Results 4 February 2026 - Exchange has sought clarification from Suba Hotels Limited for the quarter ended 30-Sep-2025 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On …](https://www.nseindia.com/companies-listing/corporate-filings-announcements?symbol=SUBAHOTELS&tabIndex=sme) |
| 27 Feb - Postal ballot: multiple director appointments; registered office moved to Noida; authorized capital amendment; voting concluded Feb 27, 2026. | [Announcement under Regulation 30 (LODR)-Change in Registered Office Address 27 Feb - Postal ballot: multiple director appointments; registered office moved to Noida; authorized capital amendment; voting concluded Feb 27, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a9653f5b-77be-4e80-a307-ef0bfad7b454.pdf) |
| 27 Feb - Feb 27, 2026 postal ballot: authorized share capital increased to Rs.345 crore; multiple director appointments; office relocation approved. | [Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association 27 Feb - Feb 27, 2026 postal ballot: authorized share capital increased to Rs.345 crore; multiple director appointments; office relocation approved.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8efeb0e3-bc8d-4984-b699-b58cd3b1d45b.pdf) |
| 23 February 2026 - Executed revenue-share (58 rooms, Gurugram) and management (32 rooms, Vizag) agreements on 23-Feb-2026. | [Agreements 23 February 2026 - Executed revenue-share (58 rooms, Gurugram) and management (32 rooms, Vizag) agreements on 23-Feb-2026.](https://nsearchives.nseindia.com/corporate/SUBAHOTELS_23022026140400_Disclosure_under_reg_30_RS_Gurugram_Haryana_Click_Hotel_Vizag.pdf) |
| 20 Mar - Re-appointed Mr. Ajay Gupta as Internal Auditor for FY2026-27 effective April 1, 2026. | [Announcement under Regulation 30 (LODR)-Change in Management 20 Mar - Re-appointed Mr. Ajay Gupta as Internal Auditor for FY2026-27 effective April 1, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8fe68611-465d-4e5e-b5c7-8f95f8630a3e.pdf) |
| 20 Mar - NCLT-approved resolution (order 04.11.2025); debt settlement implemented; unlisted NCDs outstanding ₹2,160 crore. | [LOAN STATEMENT 20 Mar - NCLT-approved resolution (order 04.11.2025); debt settlement implemented; unlisted NCDs outstanding ₹2,160 crore.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/72bd05d1-75bd-451b-8621-7583a4487432.pdf) |
| 20 Mar - Books of accounts and statutory records moved to new registered office A-115, Sector-136, Noida, effective March 20, 2026. | [Announcement under Regulation 30 (LODR)-Change in Corporate Office Address 20 Mar - Books of accounts and statutory records moved to new registered office A-115, Sector-136, Noida, effective March 20, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4c452203-a53f-4594-b926-a4d85332e128.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Jan 2026 | [Concall - Jan 2026](https://nsearchives.nseindia.com/corporate/SUBAHOTELS_30012026132554_Disclosure_under_reg_30_Conference_Call_Transcript__27012026.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2013 from nse](https://archives.nseindia.com/annual_reports/AR_1153_ALPSINDUS_2012_2013_23082013175224.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/582a1cf2-7677-4a9c-9d70-d285ffe3a7b0.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ced0c327-e548-45b8-9da1-e1b50d364b74.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2d6999df-6e2b-4ab1-a76c-6d046cf50ad3.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/530715/73526530715.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/530715/69600530715_23_08_21.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/530715/65267530715.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/530715/5307150319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/530715/5307150318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/530715/5307150317.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:19:29.411Z.