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Weak Long Term Fundamental Strength with an average Return on Capital Employed (ROCE) of 7.86%
- Poor long term growth as Net Sales has grown by an annual rate of 9.34% and Operating profit at 2.82% over the last 5 years
- Low ability to service debt as the company has a high Debt to EBITDA ratio of 4.15 times
Underperformed the market in the last 1 year
Stock DNA
Plastic Products - Industrial
INR 31 Cr (Micro Cap)
14.00
50
0.00%
0.66
8.64%
1.24
Total Returns (Price + Dividend) 
Latest dividend: 1 per share ex-dividend date: Aug-28-2019
Risk Adjusted Returns v/s 
Returns Beta
News

Alfa Ica (India) Ltd Downgraded to Sell Amid Technical and Fundamental Concerns
Alfa Ica (India) Ltd, a micro-cap player in the Plastic Products - Industrial sector, has been downgraded from Hold to Sell by MarketsMOJO as of 22 September 2026. The revision reflects a combination of deteriorating technical indicators, subdued financial trends, valuation concerns, and weakening quality metrics, signalling caution for investors amid challenging market conditions.
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Alfa Ica (India) Ltd Upgraded to Hold as Technicals Improve Amid Mixed Financial Signals
Alfa Ica (India) Ltd has seen its investment rating upgraded from Sell to Hold as of 9 September 2026, reflecting a notable improvement in its technical indicators and recent financial results. The company’s Mojo Score now stands at 50.0, signalling a more balanced outlook amid mixed long-term fundamentals and encouraging short-term trends.
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Alfa Ica (India) Ltd Downgraded to Sell Amid Mixed Financial and Technical Signals
Alfa Ica (India) Ltd, a micro-cap player in the Plastic Products - Industrial sector, has seen its investment rating downgraded from Hold to Sell as of 1 September 2026. This change reflects a complex interplay of deteriorating technical indicators, modest financial trends, valuation considerations, and quality assessments, signalling caution for investors despite some recent positive quarterly results.
Read full news article Announcements 
Shareholder Meeting / Postal Ballot-Scrutinizers Report
23-Sep-2026 | Source : BSEAGM held on 21st September2026
Shareholder Meeting / Postal Ballot-Outcome of AGM
21-Sep-2026 | Source : BSEheld on 21st Sep2026
Announcement under Regulation 30 (LODR)-Newspaper Publication
28-Aug-2026 | Source : BSEAGM notice
Corporate Actions 
No Upcoming Board Meetings
Alfa Ica (India) Ltd has declared 10% dividend, ex-date: 28 Aug 19
No Splits history available
No Bonus history available
No Rights history available
Quality key factors 
Valuation key factors
Technicals key factors
Shareholding Snapshot : Jun 2026
Shareholding Compare (%holding) 
Promoters
None
Held by 0 Schemes
Held by 0 FIIs
Tikamani Rajendra Hemraj (24.74%)
Saroj Jagulkishor Maheshwari (1.27%)
18.07%
Quarterly Results Snapshot (Standalone) - Jun'26 - QoQ
QoQ Growth in quarter ended Jun 2026 is 14.75% vs 16.82% in Mar 2026
QoQ Growth in quarter ended Jun 2026 is 37.50% vs 43.59% in Mar 2026
Half Yearly Results Snapshot (Standalone) - Sep'25
Growth in half year ended Sep 2025 is 1.69% vs 12.22% in Sep 2024
Growth in half year ended Sep 2025 is 5.56% vs 23.29% in Sep 2024
Nine Monthly Results Snapshot (Standalone) - Dec'25
YoY Growth in nine months ended Dec 2025 is 4.38% vs 16.12% in Dec 2024
YoY Growth in nine months ended Dec 2025 is 272.22% vs -66.97% in Dec 2024
Annual Results Snapshot (Standalone) - Mar'26
YoY Growth in year ended Mar 2026 is 10.29% vs 14.70% in Mar 2025
YoY Growth in year ended Mar 2026 is 31.94% vs -14.29% in Mar 2025






