Alps Industries Limited (ALPSINDUS) AI Stock Analysis

Alps Industries Limited

(NSE:ALPSINDUS)

Select Model

Rating:42Neutral

Price Target:INR 3.50▲(1.74% Upside)

Action:reiterated

Date:10/01/26

The score is weighed down primarily by very weak financial performance (collapsed revenue base, ongoing operating losses, negative equity, and high leverage). Technicals are roughly neutral with only modest momentum signals, and valuation is hard to support due to a negative P/E and no indicated dividend yield.

Positive Factors

Reported Operating Cash InflowThe reported 2026 operating cash inflow could provide near-term liquidity and help meet obligations despite weak operating results. However, its durability is uncertain because the pack links it to working-capital or other timing effects rather than normalized business cash generation.

Negative Factors

Severe Revenue ContractionThe prolonged collapse in revenue indicates a major contraction of the operating business rather than ordinary quarterly volatility. A near-zero revenue base weakens scale, customer reach, and the ability to absorb fixed costs, making recovery and sustainable earnings materially harder.

Alps Industries Limited (ALPSINDUS) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 134.16M
Dividend Yield: ―
Average Volume (3M): ―
Price to Earnings (P/E): -0.0
Beta (1Y): -0.34
Revenue Growth: ―
EPS Growth: ―
Country: India
Employees: 4
Sector: General
Sector Strength: 55
Industry: Apparel - Manufacturers

Alps Industries Limited Business Overview & Revenue Model

Company Description

Alps Industries Limited, along with its subsidiaries, is a company engaged in the manufacturing and global sale of a diverse range of products, including yarns, home furnishings, and fashion accessories, with operations extending across India and int...

How the Company Makes Money

Publicly available, sufficiently specific details on Alps Industries Limited’s current revenue model, key revenue streams, and significant partnerships/factors contributing to earnings are not available in the provided context; therefore, null.

Alps Industries Limited Financial Statement Overview

Summary

Financial strength appears very weak: revenue has collapsed to effectively zero by 2026, profitability is volatile with recurring EBIT losses, and the balance sheet shows persistent negative equity with heavy debt relative to assets. Cash flow includes a large 2026 operating inflow that is misaligned with zero revenue and operating losses, suggesting non-recurring or timing-driven support rather than sustainable operating cash generation.

Income Statement

12Very Negative

Balance Sheet

8Very Negative

Cash Flow

25Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	2.73M	0	2.73M	19.09M	172.28M	2.77B
Gross Profit	2.59M	-1.36M	2.59M	-2.83M	25.68M	275.24M
EBITDA	-5.61M	-26.97M	1.41M	26.84M	-154.72M	-170.23M
Net Income	-663.45M	259.74M	-638.97M	-562.43M	-598.27M	-829.05M
Balance Sheet
Total Assets	95.15M	32.41M	140.71M	48.08M	69.69M	454.89M
Cash, Cash Equivalents and Short-Term Investments	47.97M	3.84M	94.24M	135.00K	1.37M	3.31M
Total Debt	9.26B	110.53M	8.92B	8.28B	7.69B	7.15B
Total Liabilities	9.37B	112.92M	9.08B	8.35B	7.81B	7.59B
Stockholders Equity	-9.27B	-76.70M	-8.93B	-8.29B	-7.73B	-7.13B
Cash Flow
Free Cash Flow	186.49M	0	0	-590.24M	380.89M	-589.93M
Operating Cash Flow	186.49M	9.03B	-538.60M	-590.24M	380.89M	-586.30M
Investing Cash Flow	29.20M	75.59M	-73.59M	237.00K	3.17M	1.02B
Financing Cash Flow	-234.05M	-9.12B	-449.16M	-419.46M	-386.00M	-439.67M

Alps Industries Limited Technical Analysis

Technical Analysis SentimentPositive

Last Price3.44

Price Trends

50DMA3.44Positive

100DMA3.44Positive

200DMA3.44Negative

Market Momentum

MACD0.00Positive

RSI66.59Neutral

STOCH0.00Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ALPSINDUS, the sentiment is Positive. The current price of 3.44 is above the 20-day moving average (MA) of 3.44, above the 50-day MA of 3.44, and below the 200-day MA of 3.44, indicating a neutral trend. The MACD of 0.00 indicates Positive momentum. The RSI at 66.59 is Neutral, neither overbought nor oversold. The STOCH value of 0.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ALPSINDUS.

Alps Industries Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:ALPSINDUS against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:EUROTEXIND	50Neutral	INR 115.50M	-8.21	―	―	-85.73%	17.47%
IN:SUPERSPIN	48Neutral	INR 377.85M	-6.56	―	―	-4.09%	67.81%
IN:WINSOME	47Neutral	INR 165.45M	-0.09	―	―	-98.74%	20.85%
IN:LAXMICOT	45Neutral	INR 200.11M	-6.86	―	―	-30.67%	-23145.95%
IN:VCL	43Neutral	INR 292.17M	5.71	―	―	112.56%	414.57%
IN:ALPSINDUS	42Neutral	INR 134.55M	-0.05	―	―	―	―

* General Sector Average

Performance Comparison

IN:ALPSINDUS and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:ALPSINDUS	Alps Industries Limited	3.44	1.37	66.18%
IN:EUROTEXIND	Eurotex Industries & Exports Ltd.	13.20	-11.41	-46.36%
IN:LAXMICOT	Laxmi Cotspin Ltd.	11.67	-9.90	-45.90%
IN:SUPERSPIN	Super Spinning Mills Limited	6.87	-2.40	-25.89%
IN:VCL	Vaxtex Cotfab Ltd	1.59	0.68	74.73%
IN:WINSOME	Winsome Yarns Ltd	2.34	-660.99	-99.65%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 01, 2026

Alps Industries Limited AI Stock Analysis