Alicon Castalloy Ltd
Alicon Castalloy manufactures aluminium castings including cylinder heads, support brackets, intake manifolds, crankshafts, and engine brackets for the auto industry. It has a presence in 18 countries and is a part of Alicon Group.
The co. was established as Enkei Castalloy Ltd, a joint venture between Pegasus Castalloy Ltd and Enkei Corporation (now Alicon Castalloy), in Japan; one of the largest manufacturers of alloy wheels in the world. [1] [2] [3]
- Market Cap ₹ 1,456 Cr.
- Current Price ₹ 892
- High / Low ₹ 1,251 / 541
- Stock P/E 49.5
- Book Value ₹ 343
- Dividend Yield 0.62 %
- ROCE 10.9 %
- ROE 7.10 %
- Face Value ₹ 5.00
Pros
- Company has been maintaining a healthy dividend payout of 24.2%
- Company's working capital requirements have reduced from 33.7 days to 20.7 days
Cons
- Stock is trading at 2.60 times its book value
- Company has a low return on equity of 8.67% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 441 | 639 | 683 | 711 | 929 | 1,081 | 856 | 732 | 957 | 1,259 | 1,392 | 1,526 | 1,515 | |
| 394 | 569 | 609 | 630 | 826 | 942 | 754 | 660 | 867 | 1,118 | 1,222 | 1,350 | 1,345 | |
| Operating Profit | 47 | 70 | 74 | 81 | 103 | 139 | 102 | 72 | 90 | 140 | 171 | 176 | 170 |
| OPM % | 11% | 11% | 11% | 11% | 11% | 13% | 12% | 10% | 9% | 11% | 12% | 12% | 11% |
| 3 | 2 | 3 | 4 | 9 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 1 | |
| Interest | 10 | 19 | 22 | 25 | 29 | 34 | 38 | 35 | 29 | 30 | 38 | 42 | 40 |
| Depreciation | 18 | 23 | 24 | 25 | 30 | 35 | 41 | 46 | 50 | 61 | 74 | 86 | 93 |
| Profit before tax | 22 | 30 | 32 | 34 | 53 | 73 | 25 | -6 | 14 | 52 | 61 | 51 | 38 |
| Tax % | 27% | 30% | 31% | 31% | 32% | 31% | 32% | 35% | 33% | 16% | 25% | 26% | |
| 16 | 21 | 22 | 23 | 36 | 50 | 17 | -7 | 9 | 44 | 46 | 38 | 28 | |
| EPS in Rs | 14.66 | 18.85 | 17.84 | 19.01 | 27.06 | 36.80 | 12.22 | -5.36 | 5.70 | 27.46 | 28.44 | 23.33 | 17.06 |
| Dividend Payout % | 17% | 16% | 21% | 22% | 23% | 19% | 10% | -0% | 39% | 23% | 26% | 24% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 12% |
| 3 Years: | 17% |
| TTM: | 1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 18% |
| 3 Years: | 60% |
| TTM: | -47% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 24% |
| 3 Years: | 0% |
| 1 Year: | -28% |
| Return on Equity | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 6% |
| 3 Years: | 9% |
| Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 6 | 7 | 7 | 7 | 7 | 8 | 8 | 8 | 8 | 8 |
| Reserves | 109 | 130 | 145 | 161 | 249 | 302 | 309 | 305 | 422 | 462 | 511 | 541 | 552 |
| 90 | 152 | 168 | 231 | 245 | 285 | 328 | 332 | 241 | 273 | 296 | 334 | 318 | |
| 119 | 163 | 170 | 161 | 243 | 231 | 197 | 211 | 265 | 273 | 308 | 314 | 340 | |
| Total Liabilities | 323 | 450 | 490 | 559 | 744 | 824 | 840 | 855 | 935 | 1,017 | 1,123 | 1,197 | 1,218 |
| 131 | 170 | 224 | 252 | 286 | 329 | 362 | 356 | 380 | 400 | 452 | 499 | 547 | |
| CWIP | 1 | 25 | 2 | 11 | 5 | 13 | 13 | 18 | 18 | 25 | 22 | 64 | 33 |
| Investments | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 14 | 14 | 16 | 16 |
| 180 | 245 | 253 | 286 | 441 | 471 | 455 | 469 | 526 | 578 | 635 | 617 | 623 | |
| Total Assets | 323 | 450 | 490 | 559 | 744 | 824 | 840 | 855 | 935 | 1,017 | 1,123 | 1,197 | 1,218 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3 | 41 | 64 | 27 | 39 | 91 | 55 | 97 | 77 | 89 | 142 | 190 | |
| -15 | -82 | -55 | -57 | -56 | -84 | -59 | -44 | -71 | -88 | -89 | -174 | |
| 12 | 42 | -10 | 28 | 17 | -7 | 3 | -46 | -10 | -1 | -56 | -16 | |
| Net Cash Flow | -0 | 1 | -0 | -1 | 0 | 0 | -1 | 7 | -4 | -0 | -4 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 92 | 84 | 83 | 86 | 116 | 105 | 127 | 148 | 136 | 115 | 122 | 110 |
| Inventory Days | 46 | 55 | 44 | 58 | 64 | 72 | 82 | 120 | 82 | 76 | 61 | 48 |
| Days Payable | 113 | 115 | 117 | 118 | 136 | 109 | 109 | 146 | 139 | 102 | 116 | 103 |
| Cash Conversion Cycle | 25 | 24 | 10 | 27 | 44 | 68 | 100 | 122 | 79 | 90 | 67 | 56 |
| Working Capital Days | -31 | -27 | -30 | -23 | 1 | 8 | 25 | 38 | 52 | 40 | 41 | 21 |
| ROCE % | 17% | 20% | 18% | 17% | 18% | 19% | 10% | 5% | 7% | 12% | 13% | 11% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
7 Nov - Audio of Q2 FY26 analysts conference call uploaded for results ended Sept 30, 2025.
- Announcement under Regulation 30 (LODR)-Investor Presentation 7 Nov
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
7 Nov - Q2 FY26: Revenue Rs428.9cr, PAT Rs13.4cr; CEO retiring March 2026; CEO-designate appointed.
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Appointment of Company Secretary and Compliance Officer
6 Nov - Approved Q2 results ended 30 Sep 2025; appointed Sneha Shukla as Company Secretary effective 10 Nov 2025.
- Results- Finanial Result For 30Th September,2025. 6 Nov
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Nov 2025TranscriptNotesPPT REC
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Nov 2020TranscriptPPT
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Dec 2018Transcript PPT
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Nov 2018TranscriptNotesPPT
Market Presence
The company operates one of the largest aluminum foundries in India and is a pioneer in processing Low-Pressure Die Casting (LPDC) and Gravity Die Casting (GDC) and is the leading developer of Pro-Cast and Magma space in India. [1]