---
title: "Alpha Hi-Tech Fuel Ltd (146) — Share Price, Financials & Analysis"
symbol: "146"
company: "Alpha Hi-Tech Fuel Ltd"
canonical: "https://tapetide.com/stocks/146"
sector: "Energy"
industry: "Consumable Fuels"
generated_at: "2026-09-13T19:24:16.966Z"
---

# Alpha Hi-Tech Fuel Ltd (146)

Canonical page: https://tapetide.com/stocks/146

## Company

- **Sector:** Energy
- **Industry:** Consumable Fuels
- **Macro Sector:** Energy
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** alphahitechfuel.com

## About

Alpha Hi-Tech Fuel is engaged in the business of manufacture of Bio-Mass Briquettes out of Agriculture waste.(Source : 201903 Annual Report Page No:50)

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.78 times its book value

### Weaknesses

- Company has a low return on equity of -7.67% over last 3 years.
- Company might be capitalizing the interest cost

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 100% | 18% | 3% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 0 | 0 | 0.02 | 0.01 | 0 | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 |
| Operating Profit | 0 | 0 | -0.02 | -0.01 | 0 | -0.01 | -0.01 | 0 | 0 | 0 | 0 | 0 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | -0.02 | -0.01 | 0 | -0.01 | -0.01 | 0 | 0 | 0 | 0 | 0 |
| Tax % | — | — | 0 | 0 | — | 0 | 0 | — | — | — | — | — |
| Net Profit | 0 | 0 | -0.02 | -0.01 | 0 | -0.01 | -0.01 | 0 | 0 | 0 | 0 | 0 |
| EPS in Rs | 0 | 0 | -0.05 | -0.03 | 0 | -0.03 | -0.03 | 0 | 0 | 0 | 0 | 0 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 0.04 | 0.1 | 0.1 | 0.07 | 0.73 | 0.17 | 0.02 | 0.03 | 0.06 | 0 |
| Operating Profit | -0.04 | -0.1 | -0.1 | -0.07 | -0.73 | -0.17 | -0.02 | -0.03 | -0.06 | 0 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.16 | 0.07 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0.2 | -0.17 | -0.1 | -0.07 | -0.73 | -0.17 | -0.02 | -0.03 | -0.06 | 0 |
| Tax % | 5 | 17.65 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Net Profit | -0.22 | -0.21 | -0.1 | -0.07 | -0.73 | -0.17 | -0.02 | -0.03 | -0.06 | 0 |
| EPS in Rs | -0.6 | -0.57 | -0.27 | -0.19 | -1.98 | -0.46 | -0.05 | -0.08 | -0.16 | 0 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 3.68 | 3.68 | 3.68 | 3.68 | 3.68 | 3.68 | 3.68 | 3.68 | 3.68 | 3.68 |
| Reserves | -0.7 | -0.92 | -2.11 | -2.21 | -2.28 | -2.99 | -3.16 | -3.18 | -3.21 | -3.27 |
| Borrowings | 0.62 | 0.36 | 0.37 | 0.01 | 0.01 | 0.01 | 0.15 | 0.15 | 0.16 | 0.21 |
| Other Liabilities | 1.1 | 1.12 | 1.15 | 1.17 | 1.21 | 1.16 | 1.15 | 1.16 | 1.16 | 1.17 |
| Total Liabilities | 4.7 | 4.24 | 3.09 | 2.65 | 2.62 | 1.86 | 1.82 | 1.81 | 1.79 | 1.79 |
| Fixed Assets | 1.29 | 1.13 | 0.07 | 1.78 | 1.78 | 1.78 | 1.78 | 1.78 | 1.78 | 1.78 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 3.41 | 3.11 | 3.02 | 0.87 | 0.84 | 0.08 | 0.04 | 0.03 | 0.01 | 0.01 |
| Total Assets | 4.7 | 4.24 | 3.09 | 2.65 | 2.62 | 1.86 | 1.82 | 1.81 | 1.79 | 1.79 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0.04 | -0.04 | -0.09 | 0.46 | -0.01 | -0.06 | -0.04 | -0.02 | -0.02 | — |
| Cash from Investing Activity | 0 | 0 | 0 | -0.36 | 0 | 0 | 0 | 0 | 0 | — |
| Cash from Financing Activity | 0 | 0 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Net Cash Flow | 0.04 | -0.04 | 0.01 | 0.09 | -0.01 | -0.06 | -0.04 | -0.02 | -0.02 | — |
| Free Cash Flow | 0.04 | -0.04 | -0.09 | 0.46 | -0.01 | -0.06 | -0.04 | -0.02 | -0.02 | — |
| CFO/OP | -80 | 100 | 90 | -460 | 14 | 8 | 24 | 100 | 67 | — |

### Ratios

| Item | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Inventory Days | — | — | — | — | — | — | — | — | — | — |
| ROCE % | -4.86 | -5.95 | -6.72 | -5.85 | -4.84 | -69.19 | -24.82 | -3.03 | -4.69 | -9.6 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 4.41% | 4.41% | 4.41% | 4.41% | 4.41% | 4.41% | 4.41% |
| Public | 95.59% | 95.59% | 95.59% | 95.59% | 95.59% | 95.6% | 95.6% |
| No. of Shareholders | 3990 | 3948 | 3951 | 3973 | 3981 | 3980 | 3975 |

### Quarterly

| Category | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 4.41% | 4.41% | 4.41% | 4.41% | 4.41% | 4.41% | 4.41% | 4.41% | 4.41% | 4.41% | 4.41% | 4.41% |
| Public | 95.59% | 95.59% | 95.59% | 95.59% | 95.59% | 95.59% | 95.6% | 95.6% | 95.6% | 95.59% | 95.59% | 95.6% |
| No. of Shareholders | 3979 | 3983 | 3985 | 3981 | 3979 | 3981 | 3982 | 3980 | 3979 | 3984 | 3977 | 3975 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 3 / 11 / 5

### Moving Averages — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 113.99 | Buy |
| EMA (10) | 113.95 | Buy |
| SMA (20) | 115.43 | Sell |
| EMA (20) | 114.57 | Sell |
| SMA (50) | 115.45 | Sell |
| EMA (50) | 113.96 | Buy |
| SMA (100) | — | Neutral |
| EMA (100) | — | Neutral |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 49.71 | Neutral |
| MACD (12,26,9) | -0.57 | Sell |
| Stochastic (14,3,3) | 41.93 | Neutral |
| ADX (14) | 12.23 | Neutral |
| Williams %R (14) | -49.77 | Neutral |
| ATR (14) | 3.97 | High Volatility |
| ROC (12) | -2.92 | Sell |
| Stoch RSI (14) | 69.84 | Neutral |
| UO (7,14,28) | 50.96 | Neutral |

## Filings & Documents

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport//66091531247.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport//5312470319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport//5312470318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport//5312470317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport//5312470316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport//5312470315.pdf) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport//5312470314.pdf) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport//5312470313.pdf) |
| from bse | [Annual Report 2012 from bse](https://www.bseindia.com/bseplus/AnnualReport//5312470312.pdf) |
| from bse | [Annual Report 2011 from bse](https://www.bseindia.com/bseplus/AnnualReport//5312470311.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:24:16.966Z.