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Alicon Castalloy Ltd (ALICON)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531147 NSE: ALICON Castings/Forgings | Small Cap | Alicon Castalloy Share Price

₹640.25 8.25 (1.31%)

As on 12-Jun'26 09:47

Alicon Castalloy Ltd (ALICON)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531147 NSE: ALICON Castings/Forgings | Small Cap | Alicon Castalloy Share Price

₹640.25 8.25 (1.31%)

As on 12-Jun'26 09:47

Key Metrics
Valuation Multiples
Market Cap
₹1,037 Cr.
Current Price
₹640.3
52-Week Low / High
₹581 / 1,025
TTM EPS
₹20
TTM Sales
₹1,661 Cr.
Book Value per Share
₹348.5
P/E Ratio
31.56
Lower than its 5-year historical median
Industry PE
40.2
Price to Book (P/B)
1.81
Lower than its 5-year historical median
Price to Sales (P/S)
0.62
Lower than its 5-year historical median
EV/EBITDA
6.83
Lower than its 5-year historical median
Dividend Yield
0.83%
Profitability Efficiency
Return on Equity (ROE)
7.26%
Underperforms industry median
Return on Capital Employed (ROCE)
11.21%
In line with industry median
Return on Assets (ROA)
3.27%
Operating Profit Margin
11.5%
Net Profit Margin
2.49%
Gross Profit Margin
9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
9.59%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
2.85%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-17.22%
Asset Quality
Promoter Holding
54.01%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹564 Cr.
Equity
₹8.2 Cr.
Face Value
₹5
All Time Low / High
₹1.50 / 1543.15

Alicon Castalloy stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Alicon Castalloy Ltd a good quality company?
Alicon Castalloy Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Alicon Castalloy Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Alicon Castalloy Ltd vs industry peers?
Alicon Castalloy Ltd revenue CAGR is 12.25%, compared to the industry median CAGR of 7.17%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Alicon Castalloy Ltd?
Promoters hold 54.01% of the Alicon Castalloy Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Alicon Castalloy Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 6.5% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Alicon Castalloy Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 17.5%16.6%18.2%19.5%10.2%4.5%6.6%11.7%12.9%11.2%-
Value Creation
Index
0.30.20.30.4-0.3-0.7-0.5-0.2-0.1-0.2-

Growth Parameters

Sales 6837119291,0818567329571,2591,3921,5261,661
Sales YoY Gr.-4.2%30.6%16.4%-20.8%-14.5%30.8%31.4%10.6%9.6%-
Adj EPS 17.31926.636.812.2-5.45.827.628.523.320
YoY Gr.-9.8%39.9%38.4%-66.8%-143.9%NA377.8%3.2%-18%-
BVPS (₹) 123.6132.4178.9214.2221.2218.5266.7292313.4332.2348.5
Adj Net
Profit
21.223.335.550.216.8-7.59.344.445.837.933
Cash Flow from Ops. 64.427.139.391.4559777.489.1142190-
Debt/CF from Ops. 2.68.56.33.163.43.13.11.91.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 9.4%12.3%16.8%9.6%
Adj EPS 3.4%13.8%59.3%-18%
BVPS11.6%8.5%7.6%6%
Share Price 7.2% 3.1% -5% -29.3%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
14.814.616.817.85.4-2.42.59.99.37.15.9
Op. Profit
Mgn %
10.811.411.112.911.99.99.411.212.311.511.3
Net Profit
Mgn %
3.13.33.84.62-113.53.32.52
Debt to
Equity
1.11.4111.11.10.60.60.50.60.2
Working Cap
Days
11211713515119422518615815814966
Cash Conv.
Cycle
333460831111371211141221156

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales6837119291,0818567329571,2591,3921,526
Operating Expenses + 6096308269427546608671,1191,2221,350
Manufacturing Costs118128175193147158191256275283
Material Costs371366468566457351518661696823
Employee Cost 83100131136114107111136168163
Other Costs 37375147364447678282
Operating Profit 74811031391027290140171176
Operating Profit Margin (%) 10.8%11.4%11.1%12.9%11.9%9.9%9.4%11.1%12.3%11.5%
Other Income + 3493333333
Exceptional Items 0000000000
Interest 22252934383529303842
Depreciation 24253035414650617486
Profit Before Tax 3234537325-614526151
Tax 1011172382481513
Profit After Tax 2223365017-79444638
PAT Margin (%) 3.2%3.3%3.9%4.6%2.0%-1.0%1.0%3.5%3.3%2.5%
Adjusted EPS (₹)17.919.027.136.812.2-5.45.727.528.423.3
Dividend Payout Ratio (%)21%22.40%23.10%19%10.20%0%39.50%22.80%26.40%23.60%

Valuation of Alicon Castalloy - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 151162239292305304430470505540
Share Capital 6677778888
Reserves 145156232285298297422462497532
Debt +151209219256307294196223213250
Long Term Debt49716970122153115109121118
Short Term Debt1011381511861851428111592132
Minority Interest0000000000
Trade Payables119118174168126140198184222233
Others Liabilities 6970111108102117111139184174
Total Liabilities 4905597448248408559351,0171,1231,197

Fixed Assets

Net Fixed Assets +224249283326359354377398450497
Gross Block3994475115896667027747819091,040
Accumulated Depreciation174198228263307348397384459543
CWIP 211513131818252264
Investments 11131414141111141416
Inventories45588211195115116137117109
Trade Receivables155168296310298296358398464462
Cash Equivalents 11101188146633
Others Assets 42495342534648395245
Total Assets 4905597448248408559351,0171,1231,197

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 6427399155977789142190
PBT 3234537325-614526151
Adjustment 4554756468787086131133
Changes in Working Capital -3-54-76-31-2725-3-43-2927
Tax Paid -9-7-12-14-10-1-4-6-21-20
Cash Flow From Investing Activity + -55-57-56-84-59-44-71-88-89-174
Capex -56-58-58-86-61-46-73-88-92-175
Net Investments 0-100000-3-0-2
Others 1222222333
Cash Flow From Financing Activity + -102817-73-46-10-1-56-16
Net Proceeds from Shares 001001110000
Net Proceeds from Borrowing 1522-315226-38-612-3
Interest Paid -22-25-28-33-38-34-29-30-39-42
Dividend Paid -3-5-8-8-900-4-10-12
Others 1365533-3-39-5339-2041
Net Cash Flow -0-100-17-4-0-40

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)15.314.8618.0318.895.64-2.452.59.839.47.26
ROCE (%)17.5116.5518.1719.4710.234.536.6111.6912.9411.21
Asset Turnover Ratio1.661.531.461.381.030.861.071.291.31.32
PAT to CFO Conversion(x)2.911.171.081.823.24N/A8.562.023.095
Working Capital Days
Receivable Days70.9073.4089102.40129.70148.30124.60109.60113.10110.80
Inventory Days22.3023.3026.8032.5043.9052.5044.2036.8033.4027.10
Payable Days100.10109.9099.8090.60103.30124.6083.5057.3044.3038.40

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Alicon Castalloy Ltd FAQs

The current trading price of Alicon Castalloy on 12-Jun-2026 09:47 is ₹640.2.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 11-Jun-2026 the market cap of Alicon Castalloy stood at ₹1,037.2 Cr

The latest P/E ratio of Alicon Castalloy as of 11-Jun-2026 is 31.56.

The latest P/B ratio of Alicon Castalloy as of 11-Jun-2026 is 1.81.

The 52-week high of Alicon Castalloy is ₹1,025 and the 52-week low is ₹580.5.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Alicon Castalloy is ₹1,661 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Alicon Castalloy Ltd is a average quality company.

The key valuation ratios of Alicon Castalloy Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Alicon Castalloy Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Alicon Castalloy Ltd

Enkei Castalloy Limited, incorporated in 1990, is a joint venture between Rai and Associates of India and Enkei Corporation, Japan. The company is a leading manufacturer of aluminium alloy gravity and low pressure die castings for major automotive manufacturers in India and exports to USA and Europe.

With technical expertise from Enkei Japan, it has developed leadership in establishing one of the most advanced manufacturing systems in India for aluminum die cast products. Enkei Castalloy Limited currently leads the Indian market in manufacturing cylinder heads for two wheelers and alloy wheels for 2 wheelers as well as 4 wheelers. Enkei has the distinction of being a single source supplier of many critical engine parts to some of India’s largest OEMs.

Enkei Corporation was founded on 5th October 1950, in Hamamatsu, Japan as a manufacturer of die cast aluminum engine parts for motorcycles.

Establishing strong mechanisms to control quality, cost and delivery, Enkei Castalloy Ltd. not only supplies its products to India but also is foraying into international markets. Enkei currently supplies its products to various Tier I / Tier II suppliers of global OEMs in Europe and USA. Enkei’s customers include Maruti Udyog Limited, Honda Siel Cars Limited, Tata Motors, Hyundai Motors, Mahindra & Mahindra, Bajaj Auto Limited, Hero Honda Motor Industries, Honda Scooter and Motorcycle Company, Suzuki Motors India Limited, Yamaha India and many more. International customers include Trelleborg, Behr Group, ZF Group, and GWK Group.

The main plant is located at Shikrapur, Pune with 1500 employees while the second plant has recently come up at Gurgaon in north India. Plans for the third plant are under finalization which is expected to come up at Pantnagar, Uttaranchal. Its annual capacity through the existing facilities is 15000 MT of aluminum castings that include 1,500,000 wheels per annum. State of the art m/c are used with robust processes.

The client list of the company include names like Honda, Yamaha, Bajaj, Tata, Eicher, Sona, Greaves, Faiveley, etc.

Die designing and tool manufacturing is done through its sister concern – Silicon Meadows. More than 100 engineers are dedicated in 3D modeling and design service starting from concept through specification, tool design and validation. Its design and processes enable it to manufacture critical parts such as intake manifolds having a wall thickness of 2mm or components having lengths of 1200mm. it had deployed 60 nos. CNC machines (VMCs and HMCs) of makes like Brother, Argo, Hartford, Makino, Aries, Mazak etc. it has the capability to offer fully machined components with diameter tolerance of +/- 10 microns and angular tolerance of +/- 0.1 degree. Run out are controlled within 0.03mm.

Product range of the ciompany includes:

  • Cylinder heads for passenger cars
  • Cylinder heads for four stroke 2/3 wheelers
  • Support brackets
  • Steering rods and intake manifolds
  • Engine crank cases
  • Valve housings & alloy wheels

Awards/Achievements

The company's plants are TS 16949 certified.

Future plans

In continuation of its growth pursuit, Enkei is aggressively targeting international customers and has a vision to achieve sales of Rs 10,000 million by 2009-10.

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