Alicon Castalloy Ltd

Alicon Cast. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Alicon Castalloy Ltd

₹ 945 1.26%
25 Apr 4:03 p.m.
alicongroup.co.in BSE: 531147 NSE : ALICON
About

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]

Key Points

Market Presence
The Co. operates one of the largest Aluminum foundries in India. It is one of the leaders in the processing of Low Pressure Die Casting (LPDC) and Gravity Die Casting (GDC) and in the development of Pro-Cast and Magma space in India. [1]

Website BSE NSE
  • Market Cap ₹ 1,523 Cr.
  • Current Price ₹ 945
  • High / Low ₹ 1,070 / 723
  • Stock P/E 37.2
  • Book Value ₹ 292
  • Dividend Yield 0.66 %
  • ROCE 11.7 %
  • ROE 9.87 %
  • Face Value ₹ 5.00
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Pros

  • Company has been maintaining a healthy dividend payout of 20.8%

Cons

  • Stock is trading at 3.24 times its book value
  • The company has delivered a poor sales growth of 6.27% over past five years.
  • Company has a low return on equity of 4.08% over last 3 years.
  • Promoter holding has decreased over last 3 years: -6.91%

* 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.

Peer comparison

Sector: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
238 279 176 241 251 289 307 347 331 273 320 359 354
207 238 166 222 224 255 274 308 292 245 285 315 308
Operating Profit 31 41 10 19 27 34 33 40 39 28 35 43 46
OPM % 13% 15% 6% 8% 11% 12% 11% 11% 12% 10% 11% 12% 13%
1 0 1 1 1 1 1 1 1 1 1 1 1
Interest 9 8 8 7 7 7 7 7 8 8 9 10 10
Depreciation 11 12 12 12 13 13 14 15 16 16 18 17 19
Profit before tax 12 21 -9 0 8 14 13 18 16 5 9 17 17
Tax % 9% 6% -11% 0% 7% 20% 35% 26% 12% -56% 22% 21% 26%
11 20 -10 0 8 11 8 14 14 8 7 13 13
EPS in Rs 7.98 14.36 -6.41 0.11 4.80 6.98 5.12 8.41 8.95 4.98 4.46 8.09 7.91
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
381 431 441 639 683 711 929 1,081 856 732 957 1,259 1,305
329 381 394 569 609 630 826 942 754 660 867 1,118 1,154
Operating Profit 52 50 47 70 74 81 103 139 102 72 90 140 152
OPM % 14% 12% 11% 11% 11% 11% 11% 13% 12% 10% 9% 11% 12%
3 4 3 2 3 4 9 3 3 3 3 3 4
Interest 12 10 10 19 22 25 29 34 38 35 29 30 37
Depreciation 15 18 18 23 24 25 30 35 41 46 50 61 71
Profit before tax 28 26 22 30 32 34 53 73 25 -6 14 52 48
Tax % 21% 19% 27% 30% 31% 31% 32% 31% 32% -35% 33% 16%
22 21 16 21 22 23 36 50 17 -7 9 44 41
EPS in Rs 20.01 19.31 14.66 18.85 17.84 19.01 27.06 36.80 12.22 -5.36 5.70 27.46 25.44
Dividend Payout % 7% 10% 17% 16% 21% 22% 23% 19% 10% 0% 39% 23%
Compounded Sales Growth
10 Years: 11%
5 Years: 6%
3 Years: 14%
TTM: 2%
Compounded Profit Growth
10 Years: 8%
5 Years: 4%
3 Years: 38%
TTM: -14%
Stock Price CAGR
10 Years: 25%
5 Years: 8%
3 Years: 30%
1 Year: 21%
Return on Equity
10 Years: 9%
5 Years: 7%
3 Years: 4%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity Capital 6 6 6 6 6 6 7 7 7 7 8 8
Reserves 77 96 109 130 145 161 249 302 309 305 422 462
97 83 90 152 168 231 245 285 328 332 241 273
101 104 119 163 170 161 243 231 197 211 265 273
Total Liabilities 281 288 323 450 490 559 744 824 840 855 935 1,017
129 128 131 170 224 252 286 329 362 356 380 400
CWIP 1 1 1 25 2 11 5 13 13 18 18 25
Investments 11 11 11 11 11 11 11 11 11 11 11 14
140 148 180 245 253 286 441 471 455 469 526 578
Total Assets 281 288 323 450 490 559 744 824 840 855 935 1,017

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
16 29 3 41 64 27 39 91 55 97 77 86
-38 -20 -15 -82 -55 -57 -56 -84 -59 -44 -71 -88
24 -11 12 42 -10 28 17 -7 3 -46 -10 2
Net Cash Flow 2 -2 -0 1 -0 -1 0 0 -1 7 -4 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 83 73 92 84 83 86 116 105 127 148 136 115
Inventory Days 38 42 46 55 44 58 64 72 82 120 82 76
Days Payable 108 96 113 115 117 118 136 109 109 146 139 115
Cash Conversion Cycle 13 19 25 24 10 27 44 68 100 122 79 76
Working Capital Days 12 11 29 30 25 47 60 71 104 126 100 87
ROCE % 24% 20% 17% 20% 18% 17% 18% 19% 10% 5% 7% 12%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
61.78% 55.71% 55.71% 55.71% 55.71% 55.72% 55.72% 55.72% 55.72% 55.72% 55.72% 55.72%
0.02% 0.00% 0.07% 0.04% 0.00% 0.10% 0.02% 0.10% 0.09% 0.07% 0.25% 0.37%
0.17% 9.45% 9.78% 9.42% 9.13% 8.40% 8.50% 8.52% 8.51% 8.81% 9.00% 9.00%
38.03% 34.84% 34.44% 34.82% 35.15% 35.79% 35.78% 35.68% 35.68% 35.40% 35.02% 34.91%
No. of Shareholders 6,9329,4209,0139,8959,9759,63710,1069,93210,66011,50611,53910,592

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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