Alicon Castalloy Ltd

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Alicon Castalloy Ltd

₹ 976 17.32%
13 Nov - close price
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]

  • Market Cap ₹ 1,602 Cr.
  • Current Price ₹ 976
  • High / Low ₹ 995 / 580
  • Stock P/E 39.2
  • Book Value ₹ 391
  • Dividend Yield 0.51 %
  • ROCE 10.6 %
  • ROE 7.03 %
  • Face Value ₹ 5.00

Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 21.0%
  • Company's working capital requirements have reduced from 24.8 days to 11.6 days

Cons

  • Company has a low return on equity of 8.81% 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
381 405 419 440 464 392 425 418 428 430 495 578 650
335 353 362 382 408 358 378 369 373 386 449 524 587
Operating Profit 46 52 58 58 56 34 47 49 55 44 46 54 63
OPM % 12% 13% 14% 13% 12% 9% 11% 12% 13% 10% 9% 9% 10%
1 1 1 1 1 1 1 -2 1 -2 1 1 2
Interest 10 10 11 10 11 11 12 10 10 9 9 10 11
Depreciation 18 20 21 22 23 24 22 25 27 27 27 27 30
Profit before tax 19 23 27 25 23 1 13 13 19 6 10 18 24
Tax % 22% 26% 25% 25% 25% 26% 28% 26% 27% 41% 20% 37% 26%
15 17 21 19 17 1 9 9 14 3 8 11 18
EPS in Rs 9.01 10.39 12.75 11.71 10.34 0.48 5.80 5.70 8.50 2.02 4.86 6.98 10.72
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
714 749 772 1,013 1,189 957 849 1,078 1,401 1,559 1,720 1,776 2,153
641 671 687 905 1,042 851 765 965 1,247 1,364 1,526 1,575 1,946
Operating Profit 73 78 85 108 146 106 83 113 154 195 194 200 207
OPM % 10% 10% 11% 11% 12% 11% 10% 10% 11% 13% 11% 11% 10%
2 3 4 9 3 3 3 3 3 4 3 -5 2
Interest 20 22 26 30 35 39 36 30 31 41 45 43 40
Depreciation 26 27 27 32 38 44 49 53 64 78 91 106 111
Profit before tax 29 32 35 56 76 25 1 33 62 81 62 47 58
Tax % 32% 31% 30% 30% 31% 33% 279% 26% 17% 24% 26% 27%
20 22 25 39 53 17 -2 24 51 61 46 34 40
EPS in Rs 18.04 18.12 20.14 28.94 38.82 12.36 -1.39 15.01 31.91 38.09 28.32 21.08 24.58
Dividend Payout % 17% 21% 21% 22% 18% 10% 0% 15% 20% 20% 19% 24%
Compounded Sales Growth
10 Years: 9%
5 Years: 16%
3 Years: 8%
TTM: 29%
Compounded Profit Growth
10 Years: 7%
5 Years: 89%
3 Years: -6%
TTM: 17%
Stock Price CAGR
10 Years: 10%
5 Years: 4%
3 Years: 5%
1 Year: 11%
Return on Equity
10 Years: 9%
5 Years: 9%
3 Years: 9%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Sep 2026
Equity Capital 6 6 6 7 7 7 7 8 8 8 8 8 8
Reserves 123 138 155 246 301 308 310 441 480 547 585 620 634
172 190 248 268 310 357 354 265 301 331 366 354 412
176 182 176 260 256 230 236 295 299 344 336 459 556
Total Liabilities 476 516 585 781 874 901 907 1,008 1,088 1,230 1,295 1,442 1,610
180 234 258 293 337 370 366 388 408 475 525 570 619
CWIP 25 2 12 5 21 23 28 26 25 22 64 77 42
Investments 0 0 0 0 0 0 0 0 3 3 5 5 6
271 280 315 483 516 508 513 594 652 731 702 790 943
Total Assets 476 516 585 781 874 901 907 1,008 1,088 1,230 1,295 1,442 1,610

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
53 69 35 41 102 57 112 77 87 158 204 239
-79 -57 -60 -63 -96 -68 -47 -72 -82 -107 -181 -141
28 -9 23 22 -7 6 -55 -9 -4 -51 -23 -90
Net Cash Flow 3 3 -2 0 -1 -4 11 -4 1 -1 0 7
Free Cash Flow -31 11 -23 -20 4 -13 63 3 2 48 22 93
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 87% 101% 50% 49% 79% 64% 137% 75% 62% 94% 117% 128%

Ratios

Consolidated / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 80 82 87 116 104 129 139 136 115 122 106 110
Inventory Days 64 48 62 66 73 79 119 88 78 66 54 62
Days Payable 116 116 120 135 112 114 148 145 100 119 99 135
Cash Conversion Cycle 28 14 28 47 65 95 110 79 93 69 61 37
Working Capital Days -29 -33 -26 -1 4 19 30 49 39 40 23 12
ROCE % 19% 17% 17% 18% 19% 10% 6% 9% 12% 15% 12% 11%

Insights

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Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Feb 2024 Mar 2025 Mar 2026
Domestic Revenue Mix
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Permanent Employees
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Customer Count
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Live Parts (Active Product Portfolio)
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Capacity Utilization
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Production Tonnage
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Shareholding Pattern

Numbers in percentages

13 Recently
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
55.72% 55.72% 55.20% 54.18% 54.18% 54.26% 54.01% 54.01% 54.01% 54.01% 53.79% 53.79%
0.25% 0.37% 0.76% 0.89% 0.46% 0.25% 0.16% 0.21% 0.18% 0.20% 0.20% 0.37%
9.00% 9.00% 9.16% 11.38% 11.59% 11.93% 11.89% 11.92% 11.49% 11.53% 10.62% 11.29%
35.02% 34.91% 34.87% 33.55% 33.76% 33.54% 33.93% 33.86% 34.30% 34.26% 35.40% 34.54%
No. of Shareholders 11,53910,59212,86415,28915,43615,22315,13314,73714,96214,46914,93215,826

* 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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