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 41.6
- Book Value ₹ 377
- Dividend Yield 0.62 %
- ROCE 11.6 %
- ROE 8.02 %
- Face Value ₹ 5.00
Pros
- Company has delivered good profit growth of 22.0% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 19.6%
- Company's working capital requirements have reduced from 34.1 days to 22.9 days
Cons
- Company has a low return on equity of 10.2% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 533 | 714 | 749 | 772 | 1,013 | 1,189 | 957 | 849 | 1,078 | 1,401 | 1,559 | 1,720 | 1,663 | |
| 479 | 641 | 671 | 687 | 905 | 1,042 | 851 | 765 | 965 | 1,247 | 1,364 | 1,526 | 1,478 | |
| Operating Profit | 53 | 73 | 78 | 85 | 108 | 146 | 106 | 83 | 113 | 154 | 195 | 194 | 185 |
| OPM % | 10% | 10% | 10% | 11% | 11% | 12% | 11% | 10% | 10% | 11% | 13% | 11% | 11% |
| 4 | 2 | 3 | 4 | 9 | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 1 | |
| Interest | 11 | 20 | 22 | 26 | 30 | 35 | 39 | 36 | 30 | 31 | 41 | 45 | 43 |
| Depreciation | 21 | 26 | 27 | 27 | 32 | 38 | 44 | 49 | 53 | 64 | 78 | 91 | 97 |
| Profit before tax | 25 | 29 | 32 | 35 | 56 | 76 | 25 | 1 | 33 | 62 | 81 | 62 | 46 |
| Tax % | 24% | 32% | 31% | 30% | 30% | 31% | 33% | 279% | 26% | 17% | 24% | 26% | |
| 19 | 20 | 22 | 25 | 39 | 53 | 17 | -2 | 24 | 51 | 61 | 46 | 33 | |
| EPS in Rs | 17.42 | 18.04 | 18.12 | 20.14 | 28.94 | 38.82 | 12.36 | -1.39 | 15.01 | 31.91 | 38.09 | 28.32 | 20.48 |
| Dividend Payout % | 14% | 17% | 21% | 21% | 22% | 18% | 10% | 0% | 15% | 20% | 20% | 19% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 12% |
| 3 Years: | 17% |
| TTM: | -4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 22% |
| 3 Years: | 24% |
| TTM: | -52% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 24% |
| 3 Years: | 0% |
| 1 Year: | -28% |
| Return on Equity | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 8% |
| 3 Years: | 10% |
| Last Year: | 8% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 100 | 123 | 138 | 155 | 246 | 301 | 308 | 310 | 441 | 480 | 547 | 585 | 608 |
| 114 | 172 | 190 | 248 | 268 | 310 | 357 | 354 | 265 | 301 | 331 | 366 | 351 | |
| 139 | 176 | 182 | 176 | 260 | 256 | 230 | 236 | 295 | 299 | 344 | 336 | 358 | |
| Total Liabilities | 359 | 476 | 516 | 585 | 781 | 874 | 901 | 907 | 1,008 | 1,088 | 1,230 | 1,295 | 1,324 |
| 146 | 180 | 234 | 258 | 293 | 337 | 370 | 366 | 388 | 408 | 475 | 525 | 573 | |
| CWIP | 1 | 25 | 2 | 12 | 5 | 21 | 23 | 28 | 26 | 25 | 22 | 64 | 33 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 3 | 5 | 5 |
| 212 | 271 | 280 | 315 | 483 | 516 | 508 | 513 | 594 | 652 | 731 | 702 | 714 | |
| Total Assets | 359 | 476 | 516 | 585 | 781 | 874 | 901 | 907 | 1,008 | 1,088 | 1,230 | 1,295 | 1,324 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 17 | 53 | 69 | 35 | 41 | 102 | 57 | 112 | 77 | 87 | 158 | 204 | |
| -24 | -79 | -57 | -60 | -63 | -96 | -68 | -47 | -72 | -82 | -107 | -182 | |
| 6 | 28 | -9 | 23 | 22 | -7 | 6 | -55 | -9 | -4 | -51 | -22 | |
| Net Cash Flow | -1 | 3 | 3 | -2 | 0 | -1 | -4 | 11 | -4 | 1 | -1 | 0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 85 | 80 | 82 | 87 | 116 | 104 | 129 | 139 | 136 | 115 | 122 | 106 |
| Inventory Days | 63 | 64 | 48 | 62 | 66 | 73 | 79 | 119 | 88 | 78 | 66 | 54 |
| Days Payable | 121 | 116 | 116 | 120 | 135 | 112 | 114 | 148 | 145 | 100 | 119 | 99 |
| Cash Conversion Cycle | 28 | 28 | 14 | 28 | 47 | 65 | 95 | 110 | 79 | 93 | 69 | 61 |
| Working Capital Days | -35 | -29 | -33 | -26 | -1 | 4 | 19 | 30 | 49 | 39 | 40 | 23 |
| ROCE % | 17% | 19% | 17% | 17% | 18% | 19% | 10% | 6% | 9% | 12% | 15% | 12% |
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 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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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]