Alicon Castalloy Ltd (ALICON) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 531147 | NSE: ALICON | Castings/Forgings | Small Cap

Alicon Castalloy Share Price

864.50 -5.30 -0.61%
as on 05-Dec'25 11:34

Alicon Castalloy Ltd (ALICON) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 531147 | NSE: ALICON | Castings/Forgings | Small Cap

DeciZen - make an informed investing decision on Alicon Castalloy

Based on:

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Semi Strong

Alicon Castalloy stock performance -

Key Ratios
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P/E Ratio (SA):
51.06
Market Cap:
1,421 Cr.
52-wk low:
541
52-wk high:
1,239

Is Alicon Castalloy Ltd an attractive stock to invest in?

1. Is Alicon Castalloy Ltd a good quality company?

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

2. Is Alicon Castalloy Ltd undervalued or overvalued?

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

3. Is Alicon Castalloy Ltd a good buy now?

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

10 Year X-Ray of Alicon Castalloy:

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

Value Creation Index Colour Code Guide

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

Growth Parameters Colour Code Guide

Sales 6837119291,0818567329571,2591,3921,5261,515
Sales YoY Gr.-4.2%30.6%16.4%-20.8%-14.5%30.8%31.4%10.6%9.6%-
Adj EPS 17.31926.636.812.2-5.45.827.628.523.317
YoY Gr.-9.8%39.9%38.4%-66.8%-143.9%NA377.8%3.2%-18%-
BVPS (₹) 123.6132.4178.9214.2221.2218.5266.7292313.4332.2342.8
Adj Net
Profit
21.223.335.550.216.8-7.59.344.445.837.928
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

CAGR Colour Code Guide

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 9.4% 19.1% -4% -24.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
14.814.616.817.85.4-2.42.59.99.37.15.1
Op. Profit
Mgn %
10.811.411.112.911.99.99.411.212.311.511.2
Net Profit
Mgn %
3.13.33.84.62-113.53.32.51.8
Debt to
Equity
1.11.4111.11.10.60.60.50.60.2
Working Cap
Days
11211713515119422518615815814969
Cash Conv.
Cycle
333460831111371211141221159

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 16.81%

Net Profit is growing at healthy rate in last 3 years 59.31%

Debt to equity has declined versus last 3 years average to 0.58

Return on Equity has declined versus last 3 years average to 5.00%

Sales growth is not so good in last 4 quarters at 0.90%

Latest Financials - Alicon Castalloy Ltd.

Standalone Consolidated
TTM EPS (₹) 17 20.5
TTM Sales (₹ Cr.) 1,515 1,663
BVPS (₹.) 342.8 376.9
Reserves (₹ Cr.) 552 608
P/BV 2.54 2.31
PE 51.06 42.52
From the Market
52 Week Low / High (₹) 541.00 / 1238.95
All Time Low / High (₹) 1.50 / 1543.15
Market Cap (₹ Cr.) 1,421
Equity (₹ Cr.) 8.2
Face Value (₹) 5
Industry PE 49.1

Management X-Ray of Alicon Castalloy:

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 (%)

Valuation of Alicon Castalloy - Standalone Basis

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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Event Update

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Analyst's Notes

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Key Ratios of Alicon Castalloy

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

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
Interest 22252934383529303842
Depreciation 24253035414650617486
Exceptional Items 0000000000
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%23%19%10%0%39%23%26%24%

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
Minority Interest0000000000
Debt151209219256307294196223213250
Long Term Debt49716970122153115109121118
Short Term Debt1011381511861851428111592132
Trade Payables119118174168126140198184222233
Others Liabilities 6970111108102117111139184174
Total Liabilities 4905597448248408559351,0171,1231,197

Fixed Assets

Gross Block3994475115896667027747819091,040
Accumulated Depreciation174198228263307348397384459543
Net Fixed Assets 224249283326359354377398450497
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

Finance 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 Days717389102130148125110113111
Inventory Days22232733445344373327
Payable Days1001101009110312583574438

Alicon Castalloy Ltd Stock News

Alicon Castalloy Ltd FAQs

The current trading price of Alicon Castalloy on 05-Dec-2025 11:34 is ₹864.5.
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 04-Dec-2025 the market cap of Alicon Castalloy stood at ₹1,421.
The latest P/E ratio of Alicon Castalloy as of 04-Dec-2025 is 51.06.
The latest P/B ratio of Alicon Castalloy as of 04-Dec-2025 is 2.54.
The 52-week high of Alicon Castalloy is ₹1,239 and the 52-week low is ₹541.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Alicon Castalloy is ₹1,515 ( Cr.) .

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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