Alicon Castalloy Limited (ALICON) AI Stock Analysis

0 Followers

Alicon Castalloy Limited

(NSE:ALICON)

Select Model

Rating:65Neutral

Price Target:INR 1,053.00▲(7.50% Upside)

Action:reiterated

Date:11/14/26

Bullish technical momentum and steady revenue/asset growth are the primary positives, tempered by high valuation and margin volatility.

Positive Factors

Consistent Revenue GrowthConsistent revenue growth indicates sustained demand for Alicon’s aluminium castings and precision-machined components. Continued top-line expansion can support capacity utilization, customer program continuity, and operating scale, helping preserve the company’s relevance across automotive OEM and Tier-1 supply chains.

Negative Factors

Thin and Compressed Profit MarginsLow and declining operating and net margins leave limited room to absorb cost increases, pricing pressure, or weaker utilization. Because a small portion of revenue becomes profit, even modest execution or market challenges could materially reduce earnings and constrain internally funded investment.

Alicon Castalloy Limited (ALICON) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 15.95B
Dividend Yield: 0.51%
Average Volume (3M): 9,250
Price to Earnings (P/E): 43.7
Beta (1Y): 0.91
Revenue Growth: 13.71%
EPS Growth: 0.15%
Country: India
Employees: 794
Sector: General
Sector Strength: 55
Industry: Manufacturing - Metal Fabrication

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 provide...

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 order...

Alicon Castalloy Limited Financial Statement Overview

Summary

Consistent revenue growth and asset expansion with stabilizing leverage are offset by volatile margins, declining recent net income, and inconsistent free cash flow.

Income Statement

65Positive

Balance Sheet

72Positive

Cash Flow

68Positive

Financial statement breakdown
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	1.56B	1.16B
Net Income	365.70M	344.38M	460.61M	613.67M	514.21M	241.81M
Balance Sheet
Total Assets	0	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	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

Technical Analysis SentimentPositive

Last Price979.50

Price Trends

50DMA798.68Positive

100DMA737.48Positive

200DMA713.80Positive

Market Momentum

MACD19.62Negative

RSI72.45Negative

STOCH49.31Neutral

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 979.50 is above the 20-day moving average (MA) of 854.20, above the 50-day MA of 798.68, and above the 200-day MA of 713.80, indicating a bullish trend. The MACD of 19.62 indicates Negative momentum. The RSI at 72.45 is Negative, neither overbought nor oversold. The STOCH value of 49.31 is Neutral, 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:ALICON against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:ROLEXRINGS	78Outperform	INR 57.20B	5.04	―	―	15.12%	7.94%
IN:SANSERA	67Neutral	INR 293.42B	76.26	―	0.08%	29.61%	53.68%
IN:ALICON	65Neutral	INR 13.64B	43.67	―	0.51%	13.71%	0.15%
IN:MMFL	62Neutral	INR 30.80B	23.91	―	0.58%	21.52%	44.72%
IN:PITTIENG	60Neutral	INR 35.51B	29.00	―	0.49%	14.74%	-6.46%
IN:SUNCLAY	57Neutral	INR 24.25B	9.17	―	0.40%	8.76%	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

IN:ALICON and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:ALICON	Alicon Castalloy Limited	979.50	94.71	10.70%
IN:MMFL	MM Forgings Limited	685.15	378.82	123.67%
IN:PITTIENG	Pitti Engineering Ltd.	924.95	28.78	3.21%
IN:ROLEXRINGS	Rolex Rings Limited	213.25	103.75	94.75%
IN:SANSERA	Sansera Engineering Limited	4707.85	3175.45	207.22%
IN:SUNCLAY	Sundaram-Clayton Limited	1104.60	-205.60	-15.69%

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 September 2026 as...

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.

Date of analysis: Nov 14, 2026

Alicon Castalloy Limited AI Stock Analysis