Alpine Housing Development Corporation (BSE 526519)₹98.30+1.52%Residential, Commercial Projects
In the Mar 2026 quarter (standalone), Alpine Housing Development Corporation reported sales of ₹20.89 Cr, up 35.6% from Mar 2025, and net profit of ₹2.63 Cr, up 11.9% year on year. For the year to Mar 2026, sales were ₹75.60 Cr and net profit ₹6.02 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 16.43 | 13.42 | 12.25 | 15.37 | 11.57 | 9.93 | 22.22 | 15.41 | 17.28 | 15.24 | 22.21 | 20.89 |
| Expenses | 15.19 | 11.64 | 10.63 | 13.04 | 10.35 | 8.52 | 19.37 | 11.66 | 16.09 | 13.73 | 18.99 | 16.34 |
| Operating Profit | 1.27 | 1.83 | 1.65 | 2.37 | 1.24 | 1.44 | 2.90 | 3.80 | 1.25 | 1.55 | 3.27 | 4.61 |
| OPM % | 7.8% | 13.7% | 13.6% | 15.5% | 10.9% | 14.6% | 13.1% | 24.7% | 7.3% | 10.2% | 14.8% | 22.1% |
| Other Income | 0.00 | 0.00 | 0.00 | −0.01 | 0.00 | 0.00 | 0.00 | −0.07 | 0.00 | 0.00 | 0.00 | −0.04 |
| Interest | 0.50 | 0.54 | 0.48 | 0.62 | 0.45 | 0.55 | 0.56 | 0.54 | 0.48 | 0.42 | 0.39 | 0.56 |
| Depreciation | 0.15 | 0.18 | 0.32 | 0.36 | 0.27 | 0.27 | 0.28 | 0.31 | 0.29 | 0.30 | 0.34 | 0.57 |
| Profit before tax | 0.64 | 1.13 | 0.87 | 1.39 | 0.54 | 0.64 | 2.08 | 2.89 | 0.50 | 0.85 | 2.56 | 3.46 |
| Tax % | 4.6% | 24.6% | 14.8% | 14.3% | 9.1% | 18.5% | 18.2% | 19.7% | −3.9% | 19.8% | 15.6% | 24.8% |
| Exceptional items | 0.00 | 0.00 | 0.00 | −0.03 | 0.00 | 0.00 | 0.00 | −0.07 | 0.00 | 0.00 | 0.00 | −0.05 |
| Net Profit | 0.63 | 0.87 | 0.76 | 1.21 | 0.50 | 0.53 | 1.72 | 2.35 | 0.55 | 0.70 | 2.18 | 2.63 |
| EPS (Rs) | 0.35 | 0.51 | 0.44 | 0.70 | 0.27 | 0.31 | 0.98 | 1.34 | 0.30 | 0.39 | 1.24 | 1.52 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 23.94 | 27.65 | 30.18 | 30.91 | 40.49 | 42.07 | 44.82 | 47.63 | 54.80 | 55.26 | 75.60 | 75.62 |
| Expenses | 18.52 | 23.04 | 25.41 | 25.22 | 34.56 | 36.41 | 39.89 | 43.11 | 50.51 | 49.89 | 65.14 | 65.15 |
| Operating Profit | 5.49 | 4.67 | 4.87 | 5.77 | 6.02 | 5.76 | 5.02 | 4.61 | 4.46 | 5.59 | 10.70 | 10.68 |
| OPM % | 23.0% | 17.0% | 16.1% | 18.8% | 14.9% | 13.8% | 11.3% | 9.7% | 8.2% | 10.2% | 14.2% | 14.1% |
| Other Income | 1.17 | 1.03 | 1.42 | 1.20 | 1.32 | 0.97 | 0.59 | 1.09 | 2.65 | 3.72 | −0.04 | −0.04 |
| Interest | 0.63 | 1.16 | 1.86 | 2.45 | 2.72 | 2.64 | 2.56 | 2.18 | 2.11 | 2.06 | 1.81 | 1.85 |
| Depreciation | 0.85 | 0.87 | 0.72 | 0.81 | 0.80 | 0.71 | 0.57 | 0.76 | 0.97 | 1.10 | 1.47 | 1.50 |
| Profit before tax | 5.22 | 3.71 | 3.74 | 3.75 | 3.86 | 3.42 | 2.52 | 2.77 | 4.06 | 6.18 | 7.42 | 7.37 |
| Tax % | 22.6% | 18.5% | 16.6% | 21.6% | 15.0% | 17.0% | 17.8% | 14.4% | 15.7% | 18.3% | 19.1% | — |
| Exceptional items | −0.11 | 0.00 | 0.11 | −0.03 | −0.17 | −0.04 | −0.02 | −0.05 | −0.03 | −0.08 | −0.05 | −0.05 |
| Net Profit | 4.06 | 3.04 | 3.14 | 2.97 | 3.30 | 2.85 | 2.09 | 2.39 | 3.44 | 5.07 | 6.02 | 6.06 |
| EPS (Rs) | 2.33 | 1.74 | 1.82 | 1.70 | 1.89 | 1.65 | 1.21 | 1.36 | 1.99 | 2.91 | 3.48 | 3.45 |
| Dividend payout % | 19.3% | 21.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6.48 | 12.95 | 12.96 | 12.95 | 17.28 | 17.29 | 17.27 | 17.28 | 17.27 | 17.27 | 17.27 | 17.26 |
| Reserves | 47.48 | 44.02 | 47.02 | 49.42 | 48.04 | 51.32 | 54.18 | 56.25 | 58.66 | 62.08 | 66.28 | 72.30 |
| Borrowings | 38.95 | 41.28 | 52.99 | 68.06 | 59.59 | 44.50 | 41.40 | 44.29 | 21.60 | 16.94 | 14.40 | 14.59 |
| Other Liabilities | 42.06 | 62.48 | 61.71 | 59.80 | 66.44 | 72.09 | 53.67 | 40.17 | 48.34 | 44.36 | 48.61 | 69.87 |
| Total Liabilities | 135 | 161 | 175 | 190 | 191 | 185 | 167 | 158 | 146 | 141 | 147 | 174 |
| Fixed Assets | 14.47 | 14.80 | 14.18 | 12.50 | 12.20 | 11.90 | 11.42 | 11.21 | 10.67 | 14.74 | 14.91 | 19.55 |
| CWIP | 0.86 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.06 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.12 | 0.14 | 0.18 | 0.19 | 0.16 |
| Other Assets | 120 | 146 | 160 | 178 | 179 | 173 | 155 | 147 | 135 | 126 | 131 | 154 |
| Inventories | 67.14 | 100 | 107 | 118 | 118 | 104 | 94.12 | 79.15 | 62.08 | 54.08 | 47.09 | 53.14 |
| Trade receivables | 20.92 | 12.95 | 13.96 | 14.94 | 12.97 | 19.92 | 25.90 | 31.89 | 34.89 | 25.93 | 39.88 | 41.88 |
| Cash & equivalents | 1.01 | 4.01 | 1.01 | 2.99 | 4.01 | 1.99 | 2.01 | 2.01 | 0.99 | 3.01 | 4.01 | 21.99 |
| Total Assets | 135 | 161 | 175 | 190 | 191 | 185 | 167 | 158 | 146 | 141 | 147 | 174 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | −12.23 | 0.97 | −14.51 | −14.69 | 9.91 | 14.43 | 4.28 | −1.96 | 20.87 | 12.44 | 5.42 | 23.42 |
| Cash from investing activity | −0.77 | −0.20 | −0.20 | 1.14 | −0.02 | −0.90 | −0.04 | 0.16 | 0.12 | −3.86 | 0.04 | −3.13 |
| Cash from financing activity | 12.97 | 2.91 | 11.64 | 14.98 | −8.86 | −15.08 | −4.18 | 1.61 | −22.45 | −6.41 | −4.60 | −1.63 |
| Net cash flow | −0.08 | 3.65 | −3.09 | 1.43 | 1.04 | −1.54 | 0.07 | −0.19 | −1.42 | 2.17 | 0.88 | 18.69 |
| Capex | 0.97 | 0.32 | 0.24 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.92 | 0.00 | 3.39 |
| Free cash flow | −13.16 | 0.66 | −14.72 | −13.15 | 9.95 | 14.54 | 4.28 | −1.74 | 21.04 | 8.51 | 6.05 | 20.01 |
| CFO / OP % | −620.0% | 43.0% | −305.0% | −269.0% | 196.0% | 248.0% | 91.0% | −17.0% | 473.0% | 301.0% | 109.0% | 227.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 467 | 192 | 185 | 178 | 153 | 180 | 228 | 260 | 270 | 173 | 264 | 204 |
| Inventory days | — | — | — | 7,425 | 7,693 | 2,266 | 2,170 | 1,501 | 1,028 | 1,056 | 843 | 464 |
| Days payable | — | — | — | 365 | 309 | 132 | 41 | 38 | 39 | 40 | 48 | 0 |
| Cash conversion cycle | 468 | 193 | 186 | 7,241 | 7,540 | 2,317 | 2,360 | 1,725 | 1,262 | 1,191 | 1,063 | 670 |
| Working capital days | 1,190 | 796 | 1,099 | 962 | 990 | 636 | 617 | 667 | 497 | 412 | 399 | 198 |
| ROCE % | 2.4% | 6.2% | 4.6% | 4.5% | 4.9% | 5.7% | 5.4% | 4.4% | 4.6% | 6.4% | 8.6% | 9.2% |
For the Mar 2026 quarter, Alpine Housing Development Corporation reported sales of ₹20.89 Cr, up 35.6% year on year and net profit of ₹2.63 Cr, up 11.9% year on year. The operating margin was 22.1%.
Alpine Housing Development Corporation's sales for the year to Mar 2026 were ₹75.60 Cr; over the last twelve months they were ₹75.62 Cr.
Net profit for the year to Mar 2026 was ₹6.02 Cr, and ₹6.06 Cr over the last twelve months. Earnings per share over the same trailing period were ₹3.45.
Alpine Housing Development Corporation reported borrowings of ₹14.59 Cr at Mar 2026, against cash and equivalents of ₹21.99 Cr.
Cash from operations was ₹23.42 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹20.01 Cr.