Alicon Castalloy Ltd Stock Analysis

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

BSE Share Price May 18, 14:17
681.80 2.60 (0.38%)

DeciZen - Make an Informed Decision on Alicon Castalloy

Overall Rating

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

FAQs

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 below 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 overvalued zone.

3. Is Alicon Castalloy Ltd a good buy now?

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.

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.

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 not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 18.3%15.4%11.8%13.8%12%11.5%12.4%13.5%7.1%2.6%-
Value Creation Index 0.30.1-0.2-0.0-0.1-0.2-0.1-0.0-0.5-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3814314416396837119291,081856732957
YoY Gr. Rt. %-13.3%2.2%44.9%6.8%4.2%30.6%16.4%-20.8%-14.5%-
Adj EPS 18.618.714.218.817.31926.636.812.2-5.45.7
YoY Gr. Rt. %-1%-24%32.3%-8.1%9.8%39.9%38.4%-66.8%-143.9%-
BVPS (₹) 7591.9103.7122.2123.6132.4178.9214.2221.2218.5266.7
Adj Net Profit 20.420.615.720.721.223.335.550.216.8-7.59
Cash Flow from Ops. 16.229.2341.164.427.139.391.45597-
Debt/CF from Ops. 62.929.93.72.68.56.33.163.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.5%1.4%-7.6%-14.5%
Adj EPS -187.1%-179.1%-158.6%-143.9%
BVPS 12.612.16.9-1.2
Share Price 27.1% 6.2% 5.3% 29.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 27.922.414.616.614.814.616.817.85.4-2.42.4
Op. Profit Mgn % 13.611.710.610.910.811.411.112.911.99.99.4
Net Profit Mgn % 5.44.83.63.23.13.33.84.62-11
Debt to Equity 1.20.80.81.11.11.4111.11.10.3
Working Cap Days 87100112102112117135151194225156
Cash Conv. Cycle 364146373334608311113745

Recent Performance Summary

Sales growth is good in last 4 quarters at 111.04%

Return on Equity has declined versus last 3 years average to 2.30%

Sales growth has been subdued in last 3 years -7.63%

Net Profit has been subdued in last 3 years -158.63%

Debt to equity has increased versus last 3 years average to 1.07

Latest Financials - Alicon Castalloy Ltd.

Standalone Consolidated
TTM EPS (₹) 5.7 15
TTM Sales (₹ Cr.) 957 1,078
BVPS (₹.) 266.7 278.7
Reserves (₹ Cr.) 422 441
P/BV 2.55 2.44
PE 119.12 45.24
From the Market
52 Week Low / High (₹) 500.00 / 998.75
All Time Low / High (₹) 1.50 / 998.75
Market Cap (₹ Cr.) 1,094
Equity (₹ Cr.) 8.1
Face Value (₹) 5
Industry PE 11.7

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 (%)

Event Update

Analyst's Notes

News

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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