MoneyWorks4Me

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

₹730 -8.80 (-1.19%)

As on 11-Sep'26 16:59

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

₹730 -8.80 (-1.19%)

As on 11-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,198 Cr.
Current Price
₹730
52-Week Low / High
₹581 / 1,025
TTM EPS
₹22.3
TTM Sales
₹1,931 Cr.
Book Value per Share
₹386.8
P/E Ratio
32.76
Lower than its 5-year historical median
Industry PE
43.7
Price to Book (P/B)
1.89
Lower than its 5-year historical median
Price to Sales (P/S)
0.62
Lower than its 5-year historical median
EV/EBITDA
7.36
Lower than its 5-year historical median
Dividend Yield
0.68%
Profitability Efficiency
Return on Equity (ROE)
5.70%
Underperforms industry median
Return on Capital Employed (ROCE)
9.50%
Underperforms industry median
Return on Assets (ROA)
2.52%
Operating Profit Margin
11.3%
Net Profit Margin
1.94%
Gross Profit Margin
9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
8.49%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
0.05%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-25.23%
Asset Quality
Promoter Holding
53.79%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹627 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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Check Before You Invest

Quality

Somewhat Good

Valuation

Undervalued

Price Trend

Strong
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 15.91%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Alicon Castalloy Ltd?
Promoters hold 53.79% 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 8.6% based on the current price.

10 Year X-Ray :

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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 16.6%18.2%19.5%10.2%4.5%6.6%11.7%12.9%11.8%10%-
Value Creation
Index
0.20.30.4-0.3-0.7-0.5-0.2-0.1-0.2-0.3-

Growth Parameters

Sales 7119291,0818567329571,2591,3921,5311,6611,828
Sales YoY Gr.-30.6%16.4%-20.8%-14.5%30.8%31.4%10.6%10%8.5%-
Adj EPS 1926.636.812.2-5.45.827.628.522.723.425.3
YoY Gr.-39.9%38.4%-66.8%-143.9%NA377.8%3.2%-20.2%3.1%-
BVPS (₹) 132.4178.9214.2221.2218.5266.7292313.4332.2347356.2
Adj Net
Profit
23.335.550.216.8-7.59.344.445.836.938.242
Cash Flow from Ops. 27.139.391.4559777.489.1142190221-
Debt/CF from Ops. 8.56.33.163.43.13.11.91.71.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 9.9%17.8%9.7%8.5%
Adj EPS 2.3%NA-5.3%3.1%
BVPS11.3%9.7%5.9%4.5%
Share Price 8.6% -1.6% -5.5% -16.2%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
14.616.817.85.4-2.42.59.99.36.96.87.2
Op. Profit
Mgn %
11.411.112.911.99.99.411.212.311.711.510.9
Net Profit
Mgn %
3.33.84.62-113.53.32.42.32.3
Debt to
Equity
1.4111.11.10.60.60.50.60.5-
Working Cap
Days
11713515119422518615815814914566
Cash Conv.
Cycle
3460831111371211141221151116

Valuation of Alicon Castalloy - Consolidated

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!

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 (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales7721,0131,1899578491,0781,4011,5591,7201,776
Operating Expenses + 6879051,0428517659661,2481,3641,5261,581
Manufacturing Costs135186207164173218290310322311
Material Costs385500600488386545712756898950
Employee Cost 118154165143135138165200203212
Other Costs 4866715772648199103107
Operating Profit 8510814610683112153195194195
Operating Profit Margin (%) 11.0%10.7%12.3%11.1%9.8%10.4%10.9%12.5%11.3%11.0%
Other Income + 4933333439
Exceptional Items 000000000-8
Interest 26303539363031414543
Depreciation 273238444953647891106
Profit Before Tax 3556762513362816247
Tax 11172383811201613
Profit After Tax 25395317-22451614634
PAT Margin (%) 3.2%3.8%4.5%1.8%-0.2%2.2%3.7%3.9%2.7%1.9%
Adjusted EPS (₹)20.128.938.812.4-1.415.031.938.128.321.1
Dividend Payout Ratio (%)21.10%21.60%18%10.10%0%15%19.60%19.70%19.40%23.70%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 156236292304309449488541585623
Share Capital 6777788888
Reserves 150229285297302441480533577615
Debt +226242281336317220251248281278
Long Term Debt716970122153115109121118102
Short Term Debt155174211213164105142127163175
Minority Interest0000000000
Trade Payables127184185152156216195246245350
Others Liabilities 76119117110124123154195184190
Total Liabilities 5857818749019071,0081,0881,2301,2951,442

Fixed Assets

Net Fixed Assets +256290334368363386406472523568
Gross Block4695386197017398138249681,1061,137
Accumulated Depreciation213248285333376427418496584569
CWIP 1252123282625226477
Investments 3333003355
Inventories6590120106125131153136134161
Trade Receivables184322340338323403441523498535
Cash Equivalents 1616129191112121220
Others Assets 51554454485148626076
Total Assets 5857818749019071,0081,0881,2301,2951,442
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 3541102571127790158204239
PBT 3556762513362816247
Adjustment 61836773837390140141156
Changes in Working Capital -55-85-27-3129-20-53-382454
Tax Paid -7-13-15-11-2-8-9-25-23-18
Cash Flow From Investing Activity + -60-63-96-68-47-72-82-107-181-143
Capex -58-61-98-70-49-74-85-110-182-146
Net Investments 00000000-20
Others -2-222223333
Cash Flow From Financing Activity + 2322-76-55-9-8-51-23-90
Net Proceeds from Shares 01001-00000
Net Proceeds from Borrowing 22-315226-38-612-3-16
Interest Paid -25-29-35-38-35-30-31-41-45-43
Dividend Paid -5-8-8-900-4-10-12-9
Others 3161351-465934-1337-23
Net Cash Flow -20-1-411-41-105
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)16.4419.7420.085.72-0.636.3810.9811.938.185.7
ROCE (%)16.5718.3819.5810.035.579.1212.4614.7411.849.5
Asset Turnover Ratio1.571.521.441.080.941.131.341.351.361.3
PAT to CFO Conversion(x)1.41.051.923.35N/A3.211.762.594.437.03
Working Capital Days
Receivable Days74.3089101.60129.30142.30122.90109.90112.80108.30106.10
Inventory Days24.5027.2032.104349.8043.403733.8028.6030.30
Payable Days111.4059.1059112.30132.9084.9053.2046.8042.8039.10

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Announcements

Alicon Castalloy Ltd FAQs

The current trading price of Alicon Castalloy on 11-Sep-2026 16:59 is ₹730.0.

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 10-Sep-2026 the market cap of Alicon Castalloy stood at ₹1,198.1 Cr

The latest P/E ratio of Alicon Castalloy as of 10-Sep-2026 is 28.83.

The latest P/B ratio of Alicon Castalloy as of 10-Sep-2026 is 2.05.

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 ₹1,828 ( 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 Strong which suggest that the price of Alicon Castalloy Ltd is likely to Rise 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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