Alicon Castalloy Ltd - Stock Valuation and Financial Performance

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

Alicon Castalloy Share Price

819.90 13.00 1.61%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Alicon Castalloy

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Alicon Castalloy stock performance -

mw4me loader
P/E Ratio (SA):
32.26
Market Cap:
1,322.2 Cr.
52-wk low:
656.1
52-wk high:
1,068

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 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 Fair 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
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 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 11.8%13.8%12%11.5%12.4%13.5%7.1%2.6%4.6%9.3%-
Value Creation
Index
-0.20.0-0.1-0.2-0.10.0-0.5-0.8-0.7-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4416396837119291,0818567329571,2591,305
Sales YoY Gr.-44.9%6.8%4.2%30.6%16.4%-20.8%-14.5%30.8%31.4%-
Adj EPS 14.218.817.31926.636.812.2-5.45.827.625.4
YoY Gr.-32.3%-8.1%9.8%39.9%38.4%-66.8%-143.9%NA377.8%-
BVPS (₹) 103.7122.2123.6132.4178.9214.2221.2218.5266.7292310.3
Adj Net
Profit
15.720.721.223.335.550.216.8-7.59.344.441
Cash Flow from Ops. 341.164.427.139.391.4559777.485.9-
Debt/CF from Ops. 29.93.72.68.56.33.163.43.13.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 12.4%6.3%13.7%31.4%
Adj EPS 7.6%0.7%31.2%377.8%
BVPS12.2%10.3%9.7%9.5%
Share Price 25.6% 6.8% 24.2% 23.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
14.616.614.814.616.817.85.4-2.42.59.98.5
Op. Profit
Mgn %
10.610.910.811.411.112.911.99.99.411.211.6
Net Profit
Mgn %
3.63.23.13.33.84.62-113.53.1
Debt to
Equity
0.81.11.11.4111.11.10.60.6-
Working Cap
Days
11210211211713515119422518615883
Cash Conv.
Cycle
46373334608311113712111021

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 8.40%

Sales growth is growing at healthy rate in last 3 years 13.70%

Net Profit is growing at healthy rate in last 3 years 31.16%

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

Sales growth is not so good in last 4 quarters at 2.24%

Latest Financials - Alicon Castalloy Ltd.

Standalone Consolidated
TTM EPS (₹) 25.4 31.3
TTM Sales (₹ Cr.) 1,305 1,459
BVPS (₹.) 310.3 326.8
Reserves (₹ Cr.) 492 519
P/BV 2.64 2.51
PE 32.26 26.21
From the Market
52 Week Low / High (₹) 656.05 / 1068.00
All Time Low / High (₹) 1.50 / 1111.00
Market Cap (₹ Cr.) 1,322
Equity (₹ Cr.) 8.1
Face Value (₹) 5
Industry PE 33.9

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

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Analyst's Notes

Key Ratios of Alicon Castalloy

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales4416396837119291,0818567329571,259
Operating Expenses 3945696096308269427546608671,119
Manufacturing Costs91124118128175193147158191257
Material Costs233334371366468566457351518661
Employee Cost 527983100131136114107111136
Other Costs 19333737514736444765
Operating Profit 477074811031391027290140
Operating Profit Margin (%) 10.6%10.9%10.8%11.4%11.1%12.9%11.9%9.9%9.4%11.1%
Other Income 3234933333
Interest 10192225293438352930
Depreciation 18232425303541465061
Exceptional Items 0000000000
Profit Before Tax 22303234537325-61452
Tax 69101117238248
Profit After Tax 16212223365017-7944
PAT Margin (%) 3.7%3.2%3.2%3.3%3.9%4.6%2.0%-1.0%1.0%3.5%
Adjusted EPS (₹)14.718.817.919.027.136.812.2-5.45.727.5
Dividend Payout Ratio (%)17%16%21%22%23%19%10%0%39%23%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 114134151162239292305304430470
Share Capital 6666777788
Reserves 109129145156232285298297422462
Minority Interest0000000000
Debt84137151209219256307294196223
Long Term Debt123749716970122153115109
Short Term Debt7210010113815118618514281114
Trade Payables72106119118174168126140198209
Others Liabilities 53736970111108102117111115
Total Liabilities 3234504905597448248408559351,017

Fixed Assets

Gross Block247321399447511589666702774781
Accumulated Depreciation116151174198228263307348397384
Net Fixed Assets131170224249283326359354377398
CWIP 12521151313181825
Investments 11111113141414111114
Inventories305045588211195115116137
Trade Receivables111147155168296310298296358398
Cash Equivalents 1010111011881466
Others Assets29374249534253464839
Total Assets 3234504905597448248408559351,017

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 3416427399155977786
PBT 22303234537325-61452
Adjustment 26404554756468787083
Changes in Working Capital -38-33-3-54-76-31-2725-3-43
Tax Paid -75-9-7-12-14-10-1-4-6
Cash Flow From Investing Activity -15-82-55-57-56-84-59-44-71-88
Capex -19-87-56-58-58-86-61-46-73-88
Net Investments 000-100000-3
Others 3512222223
Cash Flow From Financing Activity 1242-102817-73-46-102
Net Proceeds from Shares 010010011100
Net Proceeds from Borrowing 13351522-315226-38-6
Interest Paid -10-17-22-25-28-33-38-34-29-30
Dividend Paid -2-3-3-5-8-8-900-4
Others 11271365533-3-39-5342
Net Cash Flow 010-100-17-40
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)14.9916.6815.314.8618.0318.895.64-2.452.59.83
ROCE (%)16.6119.7717.5116.5518.1719.4710.234.536.6111.7
Asset Turnover Ratio1.631.881.661.531.461.381.030.861.071.29
PAT to CFO Conversion(x)0.191.952.911.171.081.823.24N/A8.561.95
Working Capital Days
Receivable Days7265717389102130148125110
Inventory Days21202223273344534437
Payable Days8183100110100911031258364

Alicon Castalloy Ltd Stock News

Alicon Castalloy Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Alicon Castalloy on 28-Mar-2024 16:01 is ₹819.9.
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 28-Mar-2024 16:01 the market cap of Alicon Castalloy stood at ₹1,322.2.
The latest P/E ratio of Alicon Castalloy as of 28-Mar-2024 16:01 is 32.26.
The latest P/B ratio of Alicon Castalloy as of 28-Mar-2024 16:01 is 2.64.
The 52-week high of Alicon Castalloy is ₹1,068 and the 52-week low is ₹656.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Alicon Castalloy is ₹1,305 ( 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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