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Alicon Castalloy Limited
(ALICON)
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Rating:60Neutral
Price Target:
₹784.00
▼(-7.53% Downside)
Action:Reiterated
Date:07/28/26
The score is primarily driven by solid financial performance (consistent revenue growth, improving leverage, and stronger FY2026 cash flows), offset by thin and recently compressed margins and modest ROE. Technicals are mixed with improving shorter-term trend but still below the 200-day average, while valuation is a notable headwind due to a high P/E and low dividend yield.
Positive Factors
Consistent Revenue Growth
Sustained revenue growth indicates continued demand for Alicon's aluminium castings and machined components. Consistent expansion across several fiscal years supports production visibility and provides a durable base for future operating improvement.
Negative Factors
Compressed Operating Margins
Thin and recently compressed margins leave earnings vulnerable to aluminium, energy, labor, and logistics costs. Limited profit retained per unit also reduces the company's ability to absorb pricing pressure from OEM customers.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent Revenue Growth
Sustained revenue growth indicates continued demand for Alicon's aluminium castings and machined components. Consistent expansion across several fiscal years supports production visibility and provides a durable base for future operating improvement.
Read all positive factors
Alicon Castalloy Limited (ALICON) vs. iShares MSCI India ETF (INDA)
Market Cap
₹11.98B
Dividend Yield0.68%
Average Volume (3M)10.23K
Price to Earnings (P/E)32.8
Beta (1Y)1.26
Revenue Growth13.71%
EPS Growth0.15%
CountryIN
Employees794
SectorGeneral
Sector StrengthN/A
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)22.35
Shares Outstanding16,411,840
10 Day Avg. Volume2,989
30 Day Avg. Volume10,233
Financial Highlights & Ratios
PEG Ratio-1.08
Price to Book (P/B)1.52
Price to Sales (P/S)0.54
P/FCF Ratio10.72
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)58.6
Revenue Forecast (FY)₹21.05B
Alicon Castalloy Limited Business Overview & Revenue Model
Company Description
Headquartered in Pune, India, Alicon Castalloy Limited, established in 1990 and formerly known as Enkei Castalloy Limited, operates internationally, specializing in the end-to-end development and production of aluminum components. The company prov...
How the Company Makes Money
ALICON primarily makes money by manufacturing and selling aluminium alloy cast and precision-machined components to automotive OEMs and Tier-1 suppliers. Its core revenue stream is B2B supply contracts where customers place recurring production or...
Alicon Castalloy Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
68
Positive
Cash Flow
66
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 19.31B | 17.76B | 17.20B | 15.59B | 14.01B | 10.78B |
| Gross Profit | 6.18B | 5.07B | 8.23B | 7.95B | 6.89B | 1.21B |
| EBITDA | 2.02B | 1.96B | 1.98B | 1.99B | 1.57B | 1.16B |
| Net Income | 365.70M | 344.38M | 460.61M | 613.67M | 514.21M | 241.81M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 14.42B | 12.95B | 12.30B | 10.88B | 10.02B |
| Cash, Cash Equivalents and Short-Term Investments | 197.97M | 197.97M | 113.73M | 111.05M | 118.08M | 114.43M |
| Total Debt | 0.00 | 3.54B | 3.66B | 3.31B | 3.01B | 2.64B |
| Total Liabilities | -6.28B | 8.13B | 7.02B | 6.75B | 6.00B | 5.53B |
| Stockholders Equity | 6.28B | 6.28B | 5.93B | 5.55B | 4.88B | 4.49B |
Cash Flow | ||||||
| Free Cash Flow | 642.31M | 892.89M | 402.33M | 477.05M | 49.89M | 31.52M |
| Operating Cash Flow | 1.14B | 2.37B | 2.05B | 1.57B | 868.53M | 771.84M |
| Investing Cash Flow | -593.23M | -1.43B | -1.83B | -1.07B | -816.56M | -717.28M |
| Financing Cash Flow | -508.02M | -877.84M | -221.56M | -511.14M | -74.38M | -89.94M |
Alicon Castalloy Limited Technical Analysis
Positive
847.85
Price Trends
687.30
Positive
679.28
Positive
718.18
Positive
Market Momentum
4.79
Negative
58.44
Neutral
82.30
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ALICON, the sentiment is Positive. The current price of 847.85 is above the 20-day moving average (MA) of 706.96, above the 50-day MA of 687.30, and above the 200-day MA of 718.18, indicating a bullish trend. The MACD of 4.79 indicates Negative momentum. The RSI at 58.44 is Neutral, neither overbought nor oversold. The STOCH value of 82.30 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ALICON.
Alicon Castalloy Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ₹45.00B | 4.16 | ― | ― | 1.82% | -12.22% | |
68 Neutral | ₹257.74B | 73.76 | ― | 0.08% | 23.49% | 52.08% | |
63 Neutral | ₹43.94B | 34.67 | ― | 0.21% | 12.19% | -1.62% | |
60 Neutral | ₹11.98B | 32.81 | ― | 0.68% | 13.71% | 0.15% | |
57 Neutral | ₹30.52B | 26.97 | ― | 0.63% | 9.58% | 2.00% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
47 Neutral | ₹28.54B | 11.41 | ― | 0.34% | -3.88% | ― |
* General Sector Average
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Alicon Castalloy Limited Corporate Events
Alicon Castalloy Sets Record Date for Final Dividend of Rs 3 per Share
Aug 17, 2026
Alicon Castalloy Limited’s board has recommended a final dividend of Rs. 3 per equity share of face value Rs. 5 for the financial year 2025-26, underscoring the company’s intent to return cash to shareholders. The company has set 21 Se...
Alicon Castalloy Clears Q1 Results, Raises FY26 Dividend and Reshuffles Board
Aug 13, 2026
Alicon Castalloy Limited’s board has approved the unaudited standalone and consolidated financial results for the quarter ended 30 June 2026, and recommended a final dividend of Rs.3 per equity share, taking the total dividend for FY 2025-26...
Alicon Castalloy to Invest Rs 1,255 Million in New Casting Plant Near Pune
Jul 31, 2026
Alicon Castalloy Limited, a Pune-based metal casting and machining company, specializes in gravity die castings, low pressure die castings, and precision machining for industrial and automotive applications. Operating from an established manufactu...
Alicon Castalloy Confirms SEBI Dematerialisation Compliance for June 2026 Quarter
Jul 3, 2026
Alicon Castalloy Limited has reported that its registrar and transfer agent, MUFG Intime India Private Limited, has certified the company’s compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for th...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.