About Alfa Ica
Alfa Ica is a publicly listed company based in Ahmedabad (India) founded in 1991. High-quality laminate products and cubicle systems are manufactured. The company has 69 employees. Its Indian entity Alfa Ica (India) Limited reported revenue of ₹88.59 Cr. Alfa Ica offers products and services including Laminates, Compacts, Cubicles, Compact Laminate, and Anti-Bacterial Surfaces. Its focus areas include Consumer Goods, Home Furnishing Products, Home Furniture and Kitchen & Dining. Its competitors include Ultrafresh India, Regalo Kitchens and Blau Living.
Company details
Alfa Ica was founded in 1991 in Ahmedabad, India, where operations focus on the manufacturing sector. A range of laminate products, including compact, postforming, anti-bacterial, and fire-retardant varieties, is produced alongside cubicle systems in various finishes and sizes. Quality control and sustainable practices are emphasized throughout the process. Tailored solutions are provided to address customer specifications, with efficient delivery ensured across diverse needs.
- Headquarters Ahmedabad, India
- Employees 69
- Stage Public
- SectorsConsumer
- Email••••••••
- Website alfaica.com
- Social Instagram
- Legal Name Alfa Ica (India) Limited
- Market Cap₹30.17 Cr
ALFAICA · BSE
- Share Price₹77.69
+4.04% today
- Revenue₹86.64 Cr
FY 2025-26 · +10.3% YoY
- EBITDA₹4.14 Cr
Margin 4.8%
- Net Profit₹1.91 Cr
FY 2025-26 · +35.5% YoY
- P/E (TTM)11.7x
P/B 1.1x
- ROE7.9%
ROCE 10.9%
- Debt / Equity0.74
Interest cover 77.6x
- Employee Count69
Associated legal entities of Alfa Ica
Alfa Ica operates through Alfa Ica (India) Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Alfa Ica (India) Limited Listed CIN L20100GJ1991PLC016763 | Active | 11 Dec 1991 | Ahmedabad, Gujarat | ₹88.6 Cr | 69 | 8 | View details |
Products & Services of Alfa Ica
Alfa Ica offers a comprehensive portfolio of products and services, including Laminates, Compacts, Cubicles, Compact Laminate, and Anti-Bacterial Surfaces.
Versatile surfaces for decorative and functional uses in interiors
Durable materials for high-traffic and industrial applications
Modular systems for office and commercial spaces
Strong laminates for flooring and exterior use
Hygiene-focused products for safe environments
Board of directors of Alfa Ica (India) Limited (Alfa Ica)
Alfa Ica (India) Limited is the primary company behind Alfa Ica. The board of Alfa Ica (India) Limited currently have 5 directors; the longest-serving is Rishi Rajendra Tikmani, appointed in 2006. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rishi Rajendra Tikmani DIN 00638644 | Managing Director | 14 Aug 2006 | 20 yrs 2 mo | Alfa Ica (India) Limited |
| Pooja Tikmani Rajendra DIN 06944249 | Managing Director | 18 Aug 2014 | 12 yrs 2 mo | Alfa Ica (India) Limited |
| Ayush Ratanlal Kedia DIN 08605912 | Director | 09 Nov 2019 | 7 yrs | Alfa Ica (India) Limited |
| Poonam Pravinbhai Panchal DIN 08158195 | Director | 08 Aug 2024 | 2 yrs 3 mo | Alfa Ica (India) Limited |
| Shyamal Rameshchandra Raval DIN 10722558 | Director | 08 Aug 2024 | 2 yrs 3 mo | Alfa Ica (India) Limited |
IPO & Listings of Alfa Ica
Alfa Ica is a publicly listed company on the BSE with ticker symbol ALFAICA in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date08 Nov 1995
- Listed onBSE: 530973
- Listed entityAlfa Ica (India) Limited
- Exchange sectorProducer manufacturing
- ISININE042C01010
- Share price₹70.17 (-3.56% on the day) · 2026-10-14
- Market capitalisation₹29.4 Cr
- Price to earnings13.1
- EPS (diluted, trailing year)₹5.37
- Volume (last session)30
Financials of Alfa Ica
Exchange-reported figures of Alfa Ica (India) Limited, the listed company behind Alfa Ica (BSE: ALFAICA).
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 86.64 | 78.56 | 68.49 | 64.64 | 79.98 | 55.17 | 56.47 |
| Revenue growth | +10.3% | +14.7% | +6.0% | -19.2% | +45.0% | -2.3% | - |
| EBITDA | 4.14 | 4.43 | 4.03 | 4.07 | 4.34 | 3.33 | 3.50 |
| EBITDA margin | +4.8% | +5.6% | +5.9% | +6.3% | +5.4% | +6.0% | +6.2% |
| Profit before tax | 2.55 | 1.92 | 2.22 | 1.95 | 2.20 | 1.90 | 1.63 |
| Net profit | 1.91 | 1.41 | 1.68 | 1.46 | 1.68 | 1.35 | 1.20 |
| Net profit margin | +2.2% | +1.8% | +2.5% | +2.3% | +2.1% | +2.5% | +2.1% |
| EPS (₹) | 4.70 | 3.56 | 4.16 | 3.61 | 4.03 | 3.51 | 3.05 |
| Balance sheet | |||||||
| Total assets | 42.19 | 42.46 | 36.01 | 35.21 | 36.20 | 29.93 | 29.60 |
| Net worth | 25.13 | 23.22 | 21.77 | 20.09 | 18.61 | 16.98 | 15.56 |
| Total debt | 16.84 | 19.00 | 14.04 | 14.98 | 17.44 | 12.82 | 13.92 |
| Cash & bank | 0.28 | 0.46 | 0.53 | 0.28 | 0.30 | 0.26 | 0.44 |
| Net working capital | 22.94 | 23.44 | 20.52 | 21.21 | 22.87 | 17.26 | 16.83 |
| Cash flow | |||||||
| Cash from operations | 5.85 | 1.87 | 5.21 | 5.75 | (1.34) | 3.53 | 6.38 |
| Cash from investing | (1.81) | (4.96) | (2.48) | (1.75) | (1.73) | (1.27) | (1.39) |
| Cash from financing | (4.17) | 3.03 | (2.47) | (4.02) | 3.11 | (2.44) | (4.78) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 31.11 | 29.72 | 25.90 | 22.17 | 18.98 | 19.59 | 20.37 | 20.26 |
| Revenue growth (YoY) | +63.9% | +51.7% | +27.2% | +9.4% | +3.0% | +0.4% | - | - |
| Other income | 0.50 | 0.36 | 1.10 | 0.27 | 0.37 | 0.21 | 0.51 | 0.18 |
| Total expenses | 29.67 | 28.21 | 25.39 | 21.01 | 17.91 | 18.28 | 18.67 | 20.21 |
| EBITDA | 1.44 | 1.51 | 0.51 | 1.16 | 1.07 | 1.31 | 1.70 | 0.05 |
| EBITDA margin | +4.6% | +5.1% | +2.0% | +5.2% | +5.6% | +6.7% | +8.3% | +0.2% |
| Depreciation | 0.40 | 0.38 | 0.38 | 0.36 | 0.36 | 0.36 | 0.36 | 0.35 |
| Interest | 0.45 | 0.46 | 0.45 | 0.55 | 0.49 | 0.50 | 0.44 | 0.55 |
| Profit before tax | 1.09 | 1.03 | 0.78 | 0.52 | 0.59 | 0.66 | 1.41 | (0.67) |
| Tax | 0.27 | 0.26 | 0.22 | 0.13 | 0.13 | 0.17 | 0.35 | (0.13) |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 31.11 | 29.72 | 25.90 | 22.17 | 18.98 | 19.59 | 20.37 | 20.26 |
| Revenue growth (YoY) | +63.9% | +51.7% | +27.2% | +9.4% | +3.0% | +0.4% | - | - |
| Other income | 0.50 | 0.36 | 1.10 | 0.27 | 0.37 | 0.21 | 0.51 | 0.18 |
| Total expenses | 29.67 | 28.21 | 25.39 | 21.01 | 17.91 | 18.28 | 18.67 | 20.21 |
| EBITDA | 1.44 | 1.51 | 0.51 | 1.16 | 1.07 | 1.31 | 1.70 | 0.05 |
| EBITDA margin | +4.6% | +5.1% | +2.0% | +5.2% | +5.6% | +6.7% | +8.3% | +0.2% |
| Depreciation | 0.40 | 0.38 | 0.38 | 0.36 | 0.36 | 0.36 | 0.36 | 0.35 |
| Interest | 0.45 | 0.46 | 0.45 | 0.55 | 0.49 | 0.50 | 0.44 | 0.55 |
| Profit before tax | 1.09 | 1.03 | 0.78 | 0.52 | 0.59 | 0.66 | 1.41 | (0.67) |
| Tax | 0.27 | 0.26 | 0.22 | 0.13 | 0.13 | 0.17 | 0.35 | (0.13) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 86.64 | 78.56 | 68.49 | 64.64 | 79.98 | 55.17 | 56.47 |
| Revenue growth | +10.3% | +14.7% | +6.0% | -19.2% | +45.0% | -2.3% | - |
| Other income | 1.95 | 0.88 | 0.82 | 0.55 | 0.46 | 0.86 | 0.64 |
| Total expenses | 82.50 | 74.13 | 64.46 | 60.57 | 75.64 | 51.84 | 52.97 |
| Employee cost | 1.25 | 1.41 | 1.29 | 1.34 | 1.34 | 1.20 | 1.12 |
| EBITDA | 4.14 | 4.43 | 4.03 | 4.07 | 4.34 | 3.33 | 3.50 |
| EBITDA margin | +4.8% | +5.6% | +5.9% | +6.3% | +5.4% | +6.0% | +6.2% |
| Depreciation | 1.46 | 1.35 | 0.99 | 1.04 | 1.01 | 0.88 | 0.85 |
| Interest | 2.08 | 2.04 | 1.64 | 1.63 | 1.59 | 1.41 | 1.66 |
| Profit before tax | 2.55 | 1.92 | 2.22 | 1.95 | 2.20 | 1.90 | 1.63 |
| Tax | 0.65 | 0.48 | 0.55 | 0.49 | 0.56 | 0.48 | 0.42 |
| Net profit | 1.91 | 1.41 | 1.68 | 1.46 | 1.68 | 1.35 | 1.20 |
| Net profit margin | +2.2% | +1.8% | +2.5% | +2.3% | +2.1% | +2.5% | +2.1% |
| EPS (₹) | 4.70 | 3.56 | 4.16 | 3.61 | 4.03 | 3.51 | 3.05 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 4.04 | 4.04 | 4.04 | 4.04 | 4.04 | 4.04 | 4.04 |
| Reserves & surplus | 21.09 | 19.18 | 17.73 | 16.05 | 14.57 | 12.94 | 11.52 |
| Shareholders' funds (net worth) | 25.13 | 23.22 | 21.77 | 20.09 | 18.61 | 16.98 | 15.56 |
| Secured loans | 10.99 | 11.98 | 8.38 | 9.40 | 11.95 | 7.77 | 4.05 |
| Unsecured loans | 5.85 | 7.02 | 5.66 | 5.58 | 5.49 | 5.05 | 9.87 |
| Total debt | 16.84 | 19.00 | 14.04 | 14.98 | 17.44 | 12.82 | 13.92 |
| Total liabilities | 42.19 | 42.46 | 36.01 | 35.21 | 36.20 | 29.93 | 29.60 |
| Assets | |||||||
| Gross block | 36.25 | 35.33 | 29.62 | 28.18 | 26.53 | 25.01 | 23.89 |
| Net block | 19.92 | 19.57 | 15.16 | 14.43 | 13.71 | 13.03 | 12.54 |
| Capital work in progress | 0.00 | 0.00 | 0.76 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 14.71 | 13.60 | 15.78 | 15.95 | 16.32 | 12.37 | 10.38 |
| Sundry debtors | 13.53 | 12.04 | 9.74 | 7.48 | 12.48 | 8.83 | 8.94 |
| Cash & bank balances | 0.28 | 0.46 | 0.53 | 0.28 | 0.30 | 0.26 | 0.44 |
| Loans & advances | 3.93 | 2.61 | 2.39 | 1.67 | 1.91 | 2.89 | 1.42 |
| Total current assets | 32.45 | 28.71 | 28.44 | 25.38 | 31.01 | 24.35 | 21.18 |
| Total current liabilities | 9.51 | 5.27 | 7.92 | 4.17 | 8.14 | 7.09 | 4.35 |
| Net working capital | 22.94 | 23.44 | 20.52 | 21.21 | 22.87 | 17.26 | 16.83 |
| Total assets | 42.19 | 42.46 | 36.01 | 35.21 | 36.20 | 29.93 | 29.60 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.35 | 0.43 | 0.17 | 0.20 | 0.16 | 0.34 | 0.12 |
| Net cash from operating activities | 5.85 | 1.87 | 5.21 | 5.75 | (1.34) | 3.53 | 6.38 |
| Net cash from investing activities | (1.81) | (4.96) | (2.48) | (1.75) | (1.73) | (1.27) | (1.39) |
| Net cash from financing activities | (4.17) | 3.03 | (2.47) | (4.02) | 3.11 | (2.44) | (4.78) |
| Net change in cash | (0.13) | (0.06) | 0.25 | (0.03) | 0.04 | (0.18) | 0.22 |
| Closing cash | 0.28 | 0.46 | 0.53 | 0.28 | 0.30 | 0.26 | 0.44 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +10.3% | +14.7% | +6.0% | -19.2% | +45.0% | -2.3% | - |
| EBITDA growth | -6.6% | +9.9% | -1.0% | -6.2% | +30.3% | -4.9% | - |
| PBT growth | +32.8% | -13.5% | +13.9% | -11.4% | +15.8% | +16.6% | -8.4% |
| Net income growth | +35.5% | -16.1% | +15.1% | -13.1% | +24.4% | +12.5% | - |
| Revenue CAGR (3Y) | +10.3% | -0.6% | +7.5% | +4.6% | +12.6% | -0.9% | +3.7% |
| EBITDA CAGR (3Y) | +0.6% | +0.7% | +6.6% | +5.2% | +4.1% | +6.5% | +1.0% |
| Profitability & leverage | |||||||
| Net income margin | +2.2% | +1.8% | +2.4% | +2.3% | +2.1% | +2.6% | +2.1% |
| Return on capital employed | +10.9% | +10.1% | +10.9% | +10.0% | +11.5% | +11.1% | +10.8% |
| Return on net worth | +7.9% | +6.4% | +8.0% | +7.6% | +9.2% | +8.7% | +8.1% |
| Debt / equity | 0.74 | 0.73 | 0.69 | 0.84 | 0.85 | 0.82 | 1.01 |
| Long-term debt / equity | 0.27 | 0.28 | 0.27 | 0.29 | 0.30 | 0.46 | 0.54 |
| Interest cover | 77.61 | 66.23 | 53.95 | 53.80 | 47.75 | 57.55 | 62.64 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.42 | 2.42 | 2.37 | 2.36 | 3.10 | 2.26 | 2.40 |
| Inventory turnover | 6.12 | 5.35 | 4.32 | 4.01 | 5.58 | 4.85 | 4.67 |
| Debtors turnover | 6.78 | 7.21 | 7.95 | 6.48 | 7.51 | 6.21 | 6.41 |
| EPS (₹) | 4.70 | 3.56 | 4.16 | 3.61 | 4.03 | 3.51 | 3.05 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 62.20 | 57.48 | 53.90 | 49.72 | 46.06 | 42.03 | 38.51 |
Competitors of Alfa Ica
Alfa Ica has 3 listed competitors in our database. They include Ultrafresh India, Regalo Kitchens and Blau Living.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ultrafreshindia.com | 1992 | Delhi, India | 335 | Custom modular kitchens and wardrobes are designed and installed. | ||
| regalokitchens.com | 2008 | Delhi, India | 86 | Provides comprehensive modular kitchen design and furniture solutions for functional, elegant living spaces. | ||
| blauliving.com | 2016 | Hyderabad, India | BLAU designs and sells kitchens, wardrobes, and TV units for homes. |
Detailed competitors of Alfa Ica
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Web traffic of Alfa Ica
The website of Alfa Ica (alfaica.com) receives about 2.2K visits a month.
- Monthly visits2.2K
▲ 84.8% vs previous month
Top companies in Home & Living Products
3 companies that operate in the same segment as Alfa Ica (Home & Living Products) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of interior design and renovation services for homes and offices | 2014 | Bengaluru, Karnataka, India | USD 511.55 M | USD 172.66 M | 4,353 | |
Multi-category products are rented via subscription model. | 2014 | Bengaluru, Karnataka, India | USD 58.71 M | USD 14.82 M | 422 | |
Internet-first brand offering multi-category home furniture | 2012 | Bengaluru, Karnataka, India | USD 108.06 M | USD 35.34 B | 43,024 |
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Frequently Asked Questions about Alfa Ica
Alfa Ica was founded in 1991.
Alfa Ica is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Alfa Ica has 69 employees.
The primary company behind Alfa Ica, Alfa Ica (India) Limited, reported revenue of ₹88.59 Cr for FY 2026, up 10% year on year.
Alfa Ica was founded in 1991 in Ahmedabad, India, where operations focus on the manufacturing sector. A range of laminate products, including compact, postforming, anti-bacterial, and fire-retardant varieties, is produced alongside cubicle systems in various finishes and sizes. Quality control and sustainable practices are emphasized throughout the process. Tailored solutions are provided to address customer specifications, with efficient delivery ensured across diverse needs.
Alfa Ica's top competitors include Ultrafresh India, Blau Living and Regalo Kitchens.
Alfa Ica offers Laminates, Compacts, Cubicles, Compact Laminate, and Anti-Bacterial Surfaces.
Yes, Alfa Ica is publicly traded on BSE under the ticker symbol ALFAICA.
Alfa Ica operates through Alfa Ica (India) Limited.
The legal entities of Alfa Ica currently have 8 directors, including Rishi Rajendra Tikmani, Himadri Rasheshbhai Trivedi, Ayush Ratanlal Kedia and others.