---
title: "Alps Bpo Services Ltd (531924) — Share Price, Financials & Analysis"
symbol: "531924"
company: "Alps Bpo Services Ltd"
canonical: "https://tapetide.com/stocks/531924"
isin: "INE098B01014"
bse_code: "531924"
generated_at: "2026-10-13T11:00:49.250Z"
---

# Alps Bpo Services Ltd (531924)

Canonical page: https://tapetide.com/stocks/531924

## Company

- **BSE Code:** 531924
- **ISIN:** INE098B01014
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of -0.05% over last 3 years.
- Company has high debtors of 1,703 days.
- Working capital days have increased from 69,193 days to 1,20,207 days

## Growth Rates

| Metric | 1Y |
| --- | --- |
| net income growth | 76% |
| revenue growth | -59% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 159.21 | 157.98 | 157.09 | 156.2 | 93.55 | 104.1 | 160.58 | 110.24 | 93.8 | 95.7 | 101.6 | 86.24 |
| Expenses | 142.8 | 139.7 | 139.43 | 137.99 | 73.4 | 86.66 | 141.26 | 94.18 | 77.8 | 83.37 | 87.81 | 75.17 |
| Operating Profit | 16.41 | 18.28 | 17.66 | 18.21 | 20.15 | 17.44 | 19.32 | 16.06 | 16 | 12.33 | 13.79 | 11.07 |
| OPM % | 10.31 | 11.57 | 11.24 | 11.66 | 21.54 | 16.75 | 12.03 | 14.57 | 17.06 | 12.88 | 13.57 | 12.84 |
| Other Income | 6.53 | 1.53 | 2.6 | 1.78 | -3.96 | -2.63 | 1.84 | -0.79 | -1.54 | 2.52 | 1.86 | 1.97 |
| Interest | 7.91 | 7.49 | 7.82 | 7.54 | 7.01 | 6.42 | 7.58 | 6.15 | 6.03 | 6.6 | 6.69 | 6.47 |
| Depreciation | 9.91 | 10.1 | 10.29 | 9.98 | 6.98 | 7.28 | 10.37 | 7.28 | 6.82 | 6.77 | 6.71 | 6.75 |
| Profit before tax | 5.12 | 2.22 | 2.15 | 2.47 | 2.2 | 1.11 | 3.21 | 1.84 | 1.61 | 1.48 | 2.25 | -0.18 |
| Tax % | 15.82 | 25.68 | 16.74 | 26.32 | 52.27 | 41.44 | 26.48 | 36.41 | 37.27 | 41.89 | 25.78 | -5.56 |
| Net Profit | 4.31 | 1.65 | 1.79 | 1.83 | 1.05 | 0.66 | 2.36 | 1.17 | 1.01 | 0.86 | 1.68 | -0.17 |
| EPS in Rs | 2.39 | 0.92 | 0.99 | 1.02 | 0.58 | 0.36 | 1.28 | 0.64 | 0.55 | 0.47 | 0.91 | -0.09 |

### Profit & Loss

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 |
| --- | --- | --- | --- |
| Sales | 0.39 | 0.29 | 0.12 |
| Expenses | 0.38 | 0.69 | 0.17 |
| Operating Profit | 0.01 | -0.4 | -0.05 |
| OPM % | 2.56 | -137.93 | -41.67 |
| Other Income | -0.21 | 0.27 | 0 |
| Interest | 0 | 0 | 0 |
| Depreciation | 0.05 | 0.03 | 0.02 |
| Profit before tax | -0.25 | -0.16 | -0.07 |
| Tax % | 0 | 0 | 0 |
| Net Profit | -0.25 | -0.16 | -0.07 |
| Dividend Payout % | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 |
| --- | --- | --- | --- |
| Equity Capital | 210.1 | 210.1 | 210.1 |
| Reserves | 38.83 | 38.62 | 38.53 |
| Borrowings | 1.04 | 0.02 | 0.02 |
| Other Liabilities | 1.15 | 1.01 | 0.96 |
| Total Liabilities | 251.12 | 249.75 | 249.61 |
| Fixed Assets | 0.27 | 0.11 | 0.1 |
| CWIP | 27.52 | 27.52 | 27.52 |
| Investments | 180.5 | 180 | 180 |
| Other Assets | 42.83 | 42.12 | 41.99 |
| Total Assets | 251.12 | 249.75 | 249.61 |

### Cash Flow

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 |
| --- | --- | --- | --- |
| Cash from Operating Activity | -0.77 | — | — |
| Cash from Investing Activity | 0.68 | — | — |
| Cash from Financing Activity | -0.02 | — | — |
| Net Cash Flow | -0.11 | — | — |
| Free Cash Flow | -0.42 | — | — |
| CFO/OP | -7700 | — | — |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2008 |
| --- | --- | --- | --- |
| Debtor Days | 711.28 | 805.52 | 1703.33 |
| Inventory Days | 876 | 97.33 | 60.83 |
| Days Payable | 5694 | 1460 | 3589.17 |
| Cash Conversion Cycle | -4106.72 | -557.15 | -1825 |
| Working Capital Days | 37529.49 | 49841.38 | 120206.67 |
| ROCE % | — | -0.12 | -0.03 |

## Shareholding Pattern

### annual

| Category | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 59.7% | 59.73% | 60.83% | 61.07% | 60.26% | 60.28% | 60.64% | 59.83% | 59.86% |
| FIIs | 6.21% | 2.77% | 0.04% | 0.04% | 0.17% | 0.01% | 0.1% | 0.02% | 0.31% |
| DIIs | 22.08% | 30.68% | 25.93% | 15.25% | 9.05% | 6.24% | 6.66% | 5.77% | 2.55% |
| Public | 12.02% | 6.83% | 13.2% | 23.64% | 30.52% | 33.48% | 32.6% | 34.38% | 37.28% |
| No. of Shareholders | 75347 | 38496 | 40862 | 41868 | 40889 | 39272 | 34855 | 32044 | 34055 |

### Quarterly

| Category | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 60.28% | 60.28% | 60.28% | 60.28% | 60.64% | 60.09% | 59.83% | 59.83% | 59.83% | 59.86% | 59.86% | 59.86% |
| FIIs | 0.01% | 0% | 0% | 0.01% | 0.1% | 0.02% | 0% | 0% | 0.02% | 0% | 0.01% | 0.31% |
| DIIs | 6.24% | 5.87% | 5.67% | 6.37% | 6.66% | 6.77% | 6.55% | 6.34% | 5.77% | 5.18% | 3.21% | 2.55% |
| Public | 33.48% | 33.86% | 34.06% | 33.35% | 32.6% | 33.13% | 33.62% | 33.83% | 34.38% | 34.97% | 36.92% | 37.28% |
| No. of Shareholders | 39272 | 39112 | 38770 | 36789 | 34855 | 33905 | 33462 | 32595 | 32044 | 32334 | 33752 | 34055 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-02-20 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/xml-data/corpfiling/AttachHis/decc627d-cf16-4f88-85da-a38a3ebaec20.pdf) |
| 2026-02-16 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4f025b6a-b496-464d-9fee-7690987e1945.pdf) |
| 2026-02-16 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d8b8beac-a816-4337-9f11-b180f9f5b9b2.pdf) |
| 2026-02-12 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e113c1dd-895f-41e7-8091-a4ac3cdb7313.pdf) |
| 2026-02-10 | [Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Nine Months Ended December 31, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2f24f39f-369c-40ff-b6ac-27b006d4c089.pdf) |
| 2026-02-10 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/xml-data/corpfiling/AttachHis/31ddf4a5-4dc2-489c-821e-122cabc916d3.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0d8e6bba-2aba-497d-9474-5f6a239bdcf2.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4e1aeb87-dbd5-4bb3-9915-da735729654d.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/03ada400-e0fc-47fd-9745-42ee6eaabf13.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/540775/75146540775.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/540775/71802540775.pdf) |
| 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/540775/65555540775.pdf) |
| Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/540775/5407750319.pdf) |
| Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/540775/5407750318.pdf) |
| 2012 | [Financial Year 2012](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2012/KHADIM_INDIA_LTD-540775-MARCH-2012.PDF) |
| 2009 | [Financial Year 2009](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2009/KHADIM_INDIA_LTD-540775-MARCH-2009.PDF) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Feb 2026 | [Concall - Feb 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/decc627d-cf16-4f88-85da-a38a3ebaec20.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b268eb71-f50a-4f0e-a500-d3e3efbe55b6.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fa4c7e28-a2d0-4ddd-9c4e-ff94b9610fa4.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0c8e883f-1239-4522-9c0b-7d4bb6aea37b.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/441f9f21-4e60-4500-b6c7-df8c00d961ee.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/29c07d09-bab2-45ff-bcd8-20f63827c372.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/432ee90f-9fd6-430f-8c0f-d62fabaa6ece.pdf) |
| Aug 2024 | [Concall - Aug 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d1591440-9cd5-4197-bf4a-8edc32874ed3.pdf) |
| Jun 2024 | [Concall - Jun 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4f6c03c3-fce2-405f-8900-249e911ca6ea.pdf) |
| Feb 2024 | [Concall - Feb 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2d43cd6e-e577-4051-a1e8-abc27b17791b.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2026-01-13 | Credit rating update — CARE Ratings |
| 2025-07-03 | Credit rating update — CARE Ratings |
| 2024-07-05 | Credit rating update — CARE Ratings |
| 2023-10-11 | Credit rating update — CARE Ratings |
| 2023-07-06 | Credit rating update — CARE Ratings |
| 2022-12-15 | Credit rating update — CRISIL |

---

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 2026-10-13T11:00:49.250Z.