Alps Industries (NSE:ALPSINDUS) Debt-to-Equity: -1.44 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:ALPSINDUS Alps Industries Ltd NSE:ALPSINDUS
19 GF Score
Price ₹34.30
GF Value ₹0.11
! 3 Warning Signs
View Full Analysis

What is Alps Industries Debt-to-Equity?

Alps Industries NSE:ALPSINDUS 19 Debt-to-Equity is -1.44 as of Mar. 2026. GuruFocus rates NSE:ALPSINDUS with a GF Score™ of 19/100 and a GF Value™ of ₹0.11. The stock has 3 warning signs investors should review.

Alps Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₹0.00 Mil. Alps Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₹110.53 Mil. Alps Industries's Total Stockholders Equity for the quarter that ended in Mar. 2026 was ₹-76.70 Mil. Alps Industries's debt to equity for the quarter that ended in Mar. 2026 was -1.44.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Alps Industries's Debt-to-Equity or its related term are showing as below:

NSE:ALPSINDUS' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.11   Med: -1.01   Max: -0.75
Current: -1.44

During the past 13 years, the highest Debt-to-Equity Ratio of Alps Industries was -0.75. The lowest was -2.11. And the median was -1.01.

NSE:ALPSINDUS's Debt-to-Equity is not ranked
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 0.43 vs NSE:ALPSINDUS: -1.44

Alps Industries  (NSE:ALPSINDUS) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Alps Industries Debt-to-Equity Related Terms


Alps Industries Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Alps Industries's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Alps Industries Debt-to-Equity Chart

Alps Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.76 -0.75 -0.75 -0.75 -1.44

Alps Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.75 N/A -1.00 N/A -1.44

Alps Industries Debt-to-Equity Competitor Comparison

For the Textile Manufacturing subindustry, Alps Industries's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Alps Industries Debt-to-Equity vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Alps Industries's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Alps Industries's Debt-to-Equity falls into.


NSE:ALPSINDUS
19GF Score
Alps Industries Ltd NSE:ALPSINDUS
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alps Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Alps Industries's Debt to Equity Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Alps Industries's Debt to Equity Ratio for the quarter that ended in Mar. 2026 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of -1.44 mean?
Alps Industries (NSE:ALPSINDUS) has a Debt-to-Equity of -1.44 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Alps Industries and its competitors.
Is Alps Industries' Debt-to-Equity too high?
Alps Industries' current Debt-to-Equity is -1.44. Overall, Alps Industries has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Alps Industries' Debt-to-Equity compare to competitors?
Alps Industries' Debt-to-Equity of -1.44 can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median Debt-to-Equity is 0.43. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Manufacturing - Apparel & Accessories company?
The median Debt-to-Equity among Manufacturing - Apparel & Accessories companies is 0.43, based on 936 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Alps Industries and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Debt-to-Equity is 0.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alps Industries's current Debt-to-Equity is -1.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alps Industries stock overvalued right now?
Alps Industries (NSE:ALPSINDUS) has a current Debt-to-Equity of -1.44. The stock's GF Value™ is ₹0.11, compared to a current price of ₹34.30 — trading 31081.8% above its estimated fair value. The current Debt-to-Equity is -1.44. Alps Industries' overall GF Score™ is 19/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Alps Industries (NSE:ALPSINDUS), the current Debt-to-Equity is -1.44 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Alps Industries (NSE:ALPSINDUS) Overvalued in 2026?

Based on GuruFocus' analysis, Alps Industries stock appears to be overvalued. The current stock price of ₹34.30 is trading 31081.8% above its estimated GF Value™ of ₹0.11.

Key valuation signals for NSE:ALPSINDUS:

  • Debt-to-Equity: -1.44
  • GF Value™: ₹0.11 vs. price of ₹34.30 (31081.8% above fair value)
  • GF Score™: 19/100 with 3 warning signs

No single metric tells the full story. See the NSE:ALPSINDUS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Alps Industries Business Description

Address G.T. Road, Plot No. 15-B, Chaudhary Morh, Ghaziabad, UP, IND, 201001
Alps Industries Ltd is engaged in the business of textile products. Its product division includes Home Textiles, Yarns, Readymade, and Automotive and Technical textiles. Its products include made-ups, such as duvet sets, bed covers and sheets, cushion covers, curtains and table linens, and other textile accessories and fabrics for upholstery, including office furniture and automobile seats. Geographically, The company derives a majority of its revenue from its business in India.
19GF Score

Get the complete analysis for NSE:ALPSINDUS

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹34.30
Price
₹0.11
GF Value