Alpine Housing (526519)

Score breakdown: P/E: 1/3 · ROCE: 0/2 · Growth: 2/2 · Dividend: 0/1

Key Financials

Strengths

• Profit growth of 26.90% shows earnings momentum, with latest quarterly net profit of ₹2 Cr.
• Piotroski F-Score of 6/9 indicates reasonably sound financials across profitability, leverage, and efficiency metrics.
• PEG ratio of 1.00 suggests the current P/E is aligned with the reported profit growth rate, if sustained.
• Stock has rallied from ₹74.12 to near ₹155.90, reflecting strong market interest and confidence.
• Positive ROE and ROCE, though modest, confirm the business is not destroying capital.

Concerns

• P/E of 26.97 and P/B of 3.20 are demanding for a company with only 7.21% ROE and 8.57% ROCE.
• Sales growth is flat at -0.04%, so profit growth may not be durable without topline expansion.
• No dividend yield means shareholders earn no cash return while waiting for appreciation.
• Debt-to-equity and promoter holding are not disclosed, leaving key balance-sheet and alignment risks unassessed.

AI Analysis

I am always a buyer of value, not price action. At ₹150.65, Alpine Housing carries a market capitalisation of ₹266 Cr, but the underlying numbers do not excite me. The P/E is 26.97 and the price-to-book is 3.20, while the company earns only 7.21% ROE and 8.57% ROCE. Graham taught me that paying three times book for a 7% ROE leaves no cushion. The latest quarter shows ₹22 Cr in sales and ₹2 Cr in net profit, respectable in absolute terms but tiny for a listed real estate company. Annual sales growth is -0.04%, flat, despite a 26.90% profit growth. That profit growth is welcome, and the PEG ratio of 1.00 makes the P/E look fair only if that growth continues. But real estate earnings can be lumpy, and one good quarter does not make a moat. The F-Score of 6/9 suggests moderate financial health, but I have no debt-to-equity ratio and no promoter holding data, so I cannot fully judge the balance sheet or whether insiders are aligned. There is also no dividend: a zero yield means I get no cash return while I wait. The stock trades near its 52-week high of ₹155.90, up from a low of ₹74.12. That looks like a market enjoying momentum, not a bargain. For a quality compounder, I need consistent sales growth, high return on capital, and a reasonable price. Alpine Housing has none of those three convincingly today. I would wait for either a lower price or clear evidence that the flat sales base can grow and that capital efficiency improves. Until then, it fails my margin-of-safety test.

Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer