Alicon Castalloy Ltd

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

Alicon Castalloy Ltd

₹ 1,139 -3.75%
13 Dec - close price
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 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]

Website BSE NSE
  • Market Cap ₹ 1,852 Cr.
  • Current Price ₹ 1,139
  • High / Low ₹ 1,543 / 776
  • Stock P/E 25.3
  • Book Value ₹ 363
  • Dividend Yield 0.66 %
  • ROCE 14.5 %
  • ROE 11.8 %
  • Face Value ₹ 5.00
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Pros

  • Company has been maintaining a healthy dividend payout of 18.1%

Cons

  • Stock is trading at 3.14 times its book value
  • Promoter holding has decreased over last quarter: -1.02%
  • Company has a low return on equity of 10.0% 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.

Peer comparison

Sector: Castings, Forgings & Fastners Industry: Castings & Forgings

Part of BSE Allcap BSE Consumer Discretionary BSE SmallCap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
268 279 321 343 377 361 319 354 381 405 419 440 464
243 246 283 306 334 320 288 315 335 353 362 382 408
Operating Profit 24 33 38 37 43 42 32 39 46 52 58 58 56
OPM % 9% 12% 12% 11% 11% 12% 10% 11% 12% 13% 14% 13% 12%
1 1 1 1 1 1 1 1 1 1 1 1 1
Interest 7 7 7 7 7 8 9 9 10 10 11 10 11
Depreciation 13 13 14 15 16 16 17 18 18 20 21 22 23
Profit before tax 5 13 18 16 20 18 8 12 19 23 27 25 23
Tax % 35% 10% 25% 32% 25% 12% -23% 22% 22% 26% 25% 25% 25%
3 12 13 11 15 16 10 9 15 17 21 19 17
EPS in Rs 1.87 7.53 8.20 6.68 9.52 9.69 6.02 5.89 9.01 10.39 12.75 11.71 10.34
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
525 533 714 749 772 1,013 1,189 957 849 1,078 1,401 1,559 1,728
478 479 641 671 687 905 1,042 851 765 965 1,247 1,364 1,505
Operating Profit 46 53 73 78 85 108 146 106 83 113 154 195 223
OPM % 9% 10% 10% 10% 11% 11% 12% 11% 10% 10% 11% 13% 13%
7 4 2 3 4 9 3 3 3 3 3 4 4
Interest 11 11 20 22 26 30 35 39 36 30 31 41 43
Depreciation 20 21 26 27 27 32 38 44 49 53 64 78 86
Profit before tax 22 25 29 32 35 56 76 25 1 33 62 81 98
Tax % 23% 24% 32% 31% 30% 30% 31% 33% 279% 26% 17% 24%
17 19 20 22 25 39 53 17 -2 24 51 61 73
EPS in Rs 15.35 17.42 18.04 18.12 20.14 28.94 38.82 12.36 -1.39 15.01 31.91 38.09 45.19
Dividend Payout % 13% 14% 17% 21% 21% 22% 18% 10% 0% 15% 20% 20%
Compounded Sales Growth
10 Years: 11%
5 Years: 6%
3 Years: 22%
TTM: 22%
Compounded Profit Growth
10 Years: 12%
5 Years: 3%
3 Years: 223%
TTM: 48%
Stock Price CAGR
10 Years: 14%
5 Years: 26%
3 Years: 8%
1 Year: 32%
Return on Equity
10 Years: 11%
5 Years: 8%
3 Years: 10%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 6 6 6 6 6 7 7 7 7 8 8 8 8
Reserves 86 100 123 138 155 246 301 308 310 441 480 547 582
105 114 172 190 248 268 310 357 354 265 301 331 357
122 139 176 182 176 260 256 230 236 295 299 344 390
Total Liabilities 319 359 476 516 585 781 874 901 907 1,008 1,088 1,230 1,338
142 146 180 234 258 293 337 370 366 388 408 475 483
CWIP 1 1 25 2 12 5 21 23 28 26 25 22 69
Investments 0 0 0 0 0 0 0 0 0 0 3 3 5
176 212 271 280 315 483 516 508 513 594 652 731 781
Total Assets 319 359 476 516 585 781 874 901 907 1,008 1,088 1,230 1,338

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
41 17 53 69 35 41 102 57 112 77 87 157
-21 -24 -79 -57 -60 -63 -96 -68 -47 -72 -82 -107
-22 6 28 -9 23 22 -7 6 -55 -9 -4 -51
Net Cash Flow -2 -1 3 3 -2 0 -1 -4 11 -4 1 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 70 85 80 82 87 116 104 129 139 136 115 122
Inventory Days 51 63 64 48 62 66 73 79 119 88 78 66
Days Payable 98 121 116 116 120 135 112 114 148 145 100 119
Cash Conversion Cycle 23 28 28 14 28 47 65 95 110 79 93 69
Working Capital Days 14 31 32 27 48 61 69 101 115 99 89 85
ROCE % 17% 17% 19% 17% 17% 18% 19% 10% 6% 9% 12% 15%

Shareholding Pattern

Numbers in percentages

11 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
55.71% 55.71% 55.71% 55.72% 55.72% 55.72% 55.72% 55.72% 55.72% 55.72% 55.20% 54.18%
0.07% 0.04% 0.00% 0.10% 0.02% 0.10% 0.09% 0.07% 0.25% 0.37% 0.76% 0.89%
9.78% 9.42% 9.13% 8.40% 8.50% 8.52% 8.51% 8.81% 9.00% 9.00% 9.16% 11.38%
34.44% 34.82% 35.15% 35.79% 35.78% 35.68% 35.68% 35.40% 35.02% 34.91% 34.87% 33.55%
No. of Shareholders 9,0139,8959,9759,63710,1069,93210,66011,50611,53910,59212,86415,289

* 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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