Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹214 Cr.
Stock P/E
0.5
P/B
0.4
Current Price
₹2773.5
Book Value
₹ 7514.4
Face Value
10
52W High
₹3535
52W Low
₹ 2200
Dividend Yield
0.72%

Alfred Herbert (I) Overview

Business

Alfred Herbert (India) Ltd. operates as a Non-Banking Financial Company (NBFC) in India. Its core business involves investment activities, primarily holding shares and securities, and providing loans and advances. The company generates revenue through interest income from its lending operations and dividends/capital gains from its investment portfolio. It functions as a non-deposit-taking NBFC, meaning it does not accept deposits from the public.

Revenue Mix

The company's revenue is primarily derived from two broad segments:

Financial Activities: Income generated from providing loans and advances (interest income).

Investment Activities: Income from investments in shares, debentures, and other securities (dividends, capital gains, and interest from debt instruments).

Specific contribution breakdowns are typically not disclosed for smaller NBFCs in a granular manner in public reports, but both components are central to its financial performance.

Industry

Alfred Herbert (India) Ltd. operates in the highly fragmented and competitive Indian NBFC sector. This industry includes a wide spectrum of players, from large, diversified NBFCs and housing finance companies to smaller, specialized lenders and investment companies. Given its relatively smaller scale and generic business model (investments and lending), the company holds a minor position within the broader NBFC landscape. It competes with a multitude of other NBFCs, banks, and other financial institutions for both investment opportunities and lending clients.

MOAT

The company does not exhibit strong, identifiable competitive advantages. Its small scale limits benefits from economies of scale. There is no apparent differentiated brand in the financial services sector, nor does it appear to possess proprietary technology, an extensive distribution network, or significant switching costs for its clients. Its operations are largely transactional, and competition from larger, more established players is significant.

Growth Drivers

Economic Growth: Overall economic growth in India typically drives increased demand for credit and investment opportunities, which could benefit the company's lending and investment portfolios.

Credit Demand: Sustained demand for credit from various sectors of the economy could lead to an expansion of its loan book.

Capital Market Performance: A buoyant capital market can enhance returns from its investment portfolio through capital appreciation and higher dividends.

Strategic Investments: Prudent and timely investments in growth sectors or promising financial instruments could yield significant returns.

Risks

Credit Risk: The primary risk is the potential for borrowers to default on loans, leading to non-performing assets and erosion of capital.

Interest Rate Risk: Fluctuations in interest rates can impact the company's net interest margin (the difference between borrowing and lending rates).

Market Risk: Volatility in the capital markets can adversely affect the value of its investment portfolio.

Liquidity Risk: Potential challenges in raising funds or liquidating assets quickly enough to meet financial obligations.

Regulatory Risk: Changes in NBFC regulations by the Reserve Bank of India (RBI) could impact its operations, capital requirements, or permissible activities.

Competition: Intense competition from larger, well-funded NBFCs and banks makes it challenging to acquire customers and maintain margins.

Management & Ownership

Alfred Herbert (India) Ltd. is promoted by the Modi Group. The promoters hold a significant stake in the company, which is common among smaller Indian listed entities. Management quality is generally assessed by the company's financial performance, corporate governance practices, and strategic decisions. For a smaller NBFC, transparency and detailed insights into management's specific strategies might be less publicly available compared to larger financial institutions.

Outlook

Alfred Herbert (India) Ltd. operates in a dynamic yet challenging segment of the Indian financial services sector.

Bull Case: The company could benefit from a growing Indian economy, leading to increased demand for credit and favorable conditions for its investment portfolio. If management makes astute investment decisions and maintains a healthy loan book with effective risk management, the company could see moderate growth in its earnings.

Bear Case: The company faces significant headwinds from intense competition, potential credit defaults, and adverse market movements impacting its investment portfolio. Being a smaller player, it may struggle with access to cost-effective capital and scaling operations, making it vulnerable to economic downturns or unfavorable regulatory changes. Its performance is highly dependent on the prudence of its lending and investment strategies within a highly competitive environment.

Alfred Herbert (I) Share Price

Live · BSE / NSE · Inception: 1919
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Alfred Herbert (I) Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Mar 2026 Jun 2026
Operating Revenue 1 0 1 0 1 8 1 6 5 8
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 1 0 1 0 1 8 1 6 5 8
Total Expenditure 0 0 0 0 0 1 1 1 1 1
Operating Profit 0 0 0 0 0 7 0 5 4 8
Interest Expense 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 0 0 -0 0 7 -0 485 4 8
Provision for Tax -0 0 0 0 0 0 -0 60 1 1
Profit After Tax 1 -0 0 -0 -0 7 0 425 3 6
Adjustments 0 0 0 0 -0 0 0 0 0 -0
Profit After Adjustments 1 -0 0 -0 -0 7 0 425 3 6
Adjusted Earnings Per Share 7.5 -0.3 0.2 -4.2 -0.4 86.5 0.5 5509.2 39.5 80.9

Alfred Herbert (I) Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Operating Revenue 19 12 15 13 12 7 4 3 2 10 45 20
Other Income 0 0 0 1 0 1 2 1 0 0 0 0
Total Income 19 12 15 14 13 8 6 4 2 10 45 20
Total Expenditure 17 13 15 11 11 8 4 2 1 3 4 4
Operating Profit 2 -1 -0 3 2 0 2 2 1 8 42 17
Interest Expense 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 1 1 0
Profit Before Tax 1 19 -1 3 1 -0 2 2 1 7 521 497
Provision for Tax -0 5 -0 0 0 0 0 -0 -0 1 66 62
Profit After Tax 1 14 -1 2 1 -0 2 2 1 6 455 434
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 1 14 -1 2 1 -0 2 2 1 6 455 434
Adjusted Earnings Per Share 15.6 187.6 -10 30.6 11.9 -2.9 22.6 26.6 8.7 82.3 5902.5 5630.1

Alfred Herbert (I) Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 32 47 46 81 78 95 107 105 121 123 574
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Current Liability 9 13 7 8 9 4 3 1 0 1 0
Other Liabilities & Provisions 1 1 1 9 3 4 5 5 8 8 75
Total Liabilities 43 61 54 97 89 104 115 112 128 131 649
Loans 0 0 0 0 0 0 0 0 0 0 0
Investments 12 11 11 50 28 49 61 57 76 72 109
Fixed Assets 4 5 5 5 5 4 1 1 1 7 6
Other Loans 1 0 0 0 1 1 0 0 1 1 65
Other Non Current Assets 11 12 14 16 20 24 29 34 37 10 0
Current Assets 15 33 24 26 34 26 20 16 11 11 447
Total Assets 43 61 54 97 89 104 115 112 128 131 649

Alfred Herbert (I) Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 0 0 1 0 1 6 0 0 0 0 0
Cash Flow from Operating Activities -0 -4 0 2 1 -1 0 0 -0 -1 -63
Cash Flow from Investing Activities -1 4 1 -1 5 -3 1 -0 1 1 65
Cash Flow from Financing Activities 1 0 -2 -0 -1 -1 -0 -0 -0 -0 -0
Net Cash Inflow / Outflow 0 1 -0 0 5 -6 0 -0 -0 0 2
Closing Cash & Cash Equivalent 0 1 1 1 6 0 0 0 0 0 2

Alfred Herbert (I) Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 15.56 187.62 -9.98 30.64 11.87 -2.87 22.61 26.57 8.75 82.28 5902.46
CEPS(Rs) 17.39 190.43 -6.91 32.96 15.15 -0.3 24.99 28.86 11 92.36 5912.99
DPS(Rs) 2 2 2.5 2.5 3.5 2.75 3 3.5 4 5 20
Book NAV/Share(Rs) 411.2 598.82 592.96 1037.82 1004.5 1228.96 1376.48 1357.59 1557.31 1581.59 7433.84
Net Profit Margin 6.46 125.09 -5.31 17.96 7.44 -3.08 43.13 74.17 30.7 60.82 1005.28
Operating Margin 7.35 167.21 -4.99 21.29 11.2 1.66 48.12 72.55 25.09 68.31 1150.73
PBT Margin 5.81 164.61 -6.6 20.08 9.83 -0.78 46.74 71.48 23.4 68.18 1150.72
ROA(%) 2.87 27.85 -1.34 3.13 0.98 -0.23 1.59 1.81 0.56 4.89 116.77
ROE(%) 3.85 37.15 -1.67 3.76 1.16 -0.26 1.74 1.94 0.6 5.24 130.94
ROCE(%) 4.04 46.44 -1.52 4.38 1.73 0.14 1.94 1.9 0.49 5.89 149.89
Price/Earnings(x) 23.26 2.91 0 21.04 43.81 0 30.96 26.35 167.5 24.91 0.41
Price/Book(x) 0.88 0.91 1.56 0.62 0.52 0.45 0.51 0.52 0.94 1.3 0.32
Dividend Yield(%) 0.55 0.37 0.27 0.39 0.67 0.49 0.43 0.5 0.27 0.24 0.83
EV/Net Sales(x) 1.65 3.75 4.95 3.8 2.84 5.81 13 19.05 51.37 15.14 2.93
EV/Core EBITDA(x) 20.37 -32.32 -147.56 16.77 21.4 131.44 24.69 24.12 155.68 19.99 3.19
Interest Earned Growth(%) 33.76 -37.76 25.39 -9.28 -6.46 -41.7 -43.66 -31.66 -20.47 374.85 334.01
Net Profit Growth 200.15 1105.89 -105.32 407.05 -61.27 -124.18 887.8 17.51 -67.08 840.74 7073.49
EPS Growth(%) 200.15 1105.89 -105.32 407.06 -61.27 -124.18 887.81 17.51 -67.08 840.75 7073.49
Interest Coverage(x) % 4.79 64.25 -3.08 17.57 8.19 0.68 34.81 67.51 14.9 520.32 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +350% +147% +45% +9%
Operating Profit CAGR +425% +176% — +36%
PAT CAGR +7483% +510% — +84%
Share Price CAGR -14% +52% +33% +19%
ROE Average +131% +46% +28% +17%
ROCE Average +150% +52% +32% +20%

Alfred Herbert (I) Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 73.86 %
FII 0 %
DII (MF + Insurance) 0.02 %
Public (retail) 26.11 %
Others 0.01 %
# Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
Promoter 73.8673.8673.8673.8673.8673.8673.8673.8673.8673.86
FII 0000000000
DII 0.020.020.020.020.020.020.020.020.020.02
Public 26.1126.1126.1126.1126.1126.1126.1126.1126.1126.11
Others 0000000000
Total 100100100100100100100100100100

Alfred Herbert (I) Peer Comparison

Finance - NBFC Edit Columns

Alfred Herbert (I) Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Alfred Herbert (I) Pros & Cons

Pros

  • Stock is trading at 0.4 times its book value
  • Company has a good return on equity (ROE) track record: 3 Years ROE 46%
  • Company is almost debt free.

Cons

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