Alicon Castalloy Ltd Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Q2 FY26 earnings call analysis: revenue, margin, capex, fundraise and order book outlook from management commentary.

Published 30 May 2026 | Auto Components | Market Cap: ₹1.2K Cr

Alicon expects top-line growth in the next year, with a clearer picture to emerge by Q4 FY26. The company sees an improving operational and revenue trajectory with continuous quarter-on-quarter margin improvements.

From Alicon Castalloy Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Price

₹741

Market Cap

₹1.2K Cr

P/E Ratio

31.8

How does Alicon Castalloy Ltd rank in Auto Components?

Compare Alicon Castalloy Ltd against every Auto Components company this quarter on revenue, margins and earnings-call signals.

View Auto Components leaderboard →

Alicon Castalloy Ltd — Quarterly revenue & net profit

Revenue Net Profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹495 Cr, net profit ₹8 Cr.

Full financials →

📊 Revenue & Sales Performance

→Alicon expects top-line growth in the next year, with a clearer picture to emerge by Q4 FY26.
→The passenger vehicle (PV) segment is set for continuous growth due to new RFQs, executed projects, and expertise.
→Commercial vehicle (CV) segment volumes are expected to improve once U.S. tariff issues and magnet supply challenges resolve.
→The 2-wheeler segment growth will be sustainable, focusing on value addition over volume increase.
→The company aims for improved capacity utilization with new programs for eAxle, structural components, and carbon-neutral parts accelerating volumes from Q3 FY26 onwards.
→Medium-term outlook for FY27 indicates double-digit growth in revenues and improved margins, subject to global market uncertainties and U.S. tariff developments.
→Capex in FY26 aims at capacity expansion, automation, and technology upgrades to support growth.
→Overall, growing operational stability, new orders, and diversification into non-auto sectors underpin Alicon's growth strategy.

📈 Profitability & Margins

→The company sees an improving operational and revenue trajectory with continuous quarter-on-quarter margin improvements.
→Focus remains on long-term priorities including diversification, technology leadership, and operational excellence.
→Revenue growth is expected to be in double digits for FY27, though exact forward-looking numbers will be clearer by Q4 FY26 due to uncertainties like U.S. tariff issues.
→New programs such as eAxle for JLR and structural components for European OEMs are ramping up, expected to contribute to margin enhancement once stabilized.
→EBITDA margins showed improvement to ~12.9% in Q2 FY26 and are expected to improve further in H2 FY26 and beyond.
→The leadership transition in March 2026 to a CEO with strong automotive and production background is anticipated to drive growth to new heights.
→The company remains cautious but confident about sustaining growth amidst evolving global challenges and increasing export opportunities.

See what Alicon Castalloy Ltd said on profitability & margins — free account, 30 seconds.

🏗️ Capital Expenditure Plans

→Alicon Castalloy anticipates full-year capex of Rs. 125-130 crore for FY26.
→Capex includes Rs. 25-30 crore for maintenance and Rs. 20-25 crore for technology upgrades such as robotics and automation.
→Remaining capex will focus on capacity expansion to meet growing demand.
→Company is finalizing plans for a new plant location, potentially in Khed City or another site, as existing plants like Chinchwad are at full capacity.
→There is ongoing investment in automation, including commissioning new robotic cells at Pune facilities.
→Strategic investments include hiring German foundry experts to enhance operational efficiency and processes.
→Focus on building a "Smart Foundry" with increased data analytics and IoT monitoring for machine health and energy optimization.
→Expansion of the Defense, Aerospace, and Railways vertical as a standalone business pillar for medium-term revenue diversification.

💰 Fundraising & Capital Structure

→There is no explicit mention of any current or planned fundraising through debt or equity in the transcript.
→The company discusses capex plans of Rs. 130-140 crore for FY26 and FY27, focusing on maintenance, technology upgradation, and capacity expansion.
→No specific reference to raising funds via equity or debt to finance this capex or operations is provided.
→The management emphasizes operational improvements, order book execution, and technology investments without indicating a need for external capital raising.
→Overall, based on the transcript, Alicon Castalloy Limited does not currently plan any new fundraising through debt or equity.

See what Alicon Castalloy Ltd said on fundraising & capital structure — free account, 30 seconds.

📋 Order Book & Pipeline

→Alicon Castalloy's current updated order book stands at approximately Rs. 9,100 crore.
→Execution timeline for this order book spans from FY24 to FY29.
→Around Rs. 650-700 crore has already been executed; the remaining ~Rs. 8,400 crore is expected to be executed from Q3 FY26 to FY29.
→New orders will be added over time but will also discount products nearing end of life cycle or prematurely closed projects.
→The company continues to win new orders, including 7 parts from 6 customers booked in Q2, with an average annual revenue potential of Rs. 53 crore and total Rs. 257 crore over 5 years.
→Focus includes passenger vehicles, commercial vehicles (pending tariff improvements), 2-wheelers, non-auto sectors, and new verticals like Defense, Aerospace, and Railways.
→Order book reflects a balance of existing ongoing business and strategic growth initiatives.

Key Metrics

How does Alicon Castalloy Ltd rank vs peers in Auto Components?

Pro feature

1Alicon Castalloy Ltd

See full Auto Components sector rankings

What ALICON's management said in earlier quarters

Others in Auto Components this season

Kross Ltd (Q2 FY26)
Kross Limited experienced flat revenue growth post-IPO, with H1 FY26 revenues declining 5.3% YoY, reflecting a subdued industry environment. Key concall…
ETML (Q2 FY26)
Confident of reaching ₹300 crore by FY27, with possibility of ₹350 crore if market conditions improve. Key concall takeaways from Emerald Tyre Manufacturers…
JTEKT India Ltd (Q2 FY26)
Sales growth in the first half of FY 25-26 was 5.6%, outperforming the passenger vehicle market growth of 1.6%. Key concall takeaways from JTEKT India Ltd's Q2…
Bosch Ltd (Q2 FY26)
Revenue for April-September 2025 grew 10% over previous year; EBITDA grew 16.3% in the same period, driven by favorable product mix and lower material cost…

Compare:vs MOTHERSON vs Bosch Ltd vs Bharat Forge Ltd

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →

Frequently Asked Questions

What were Alicon Castalloy Ltd Q2 FY26 results?

What is Alicon Castalloy Ltd share price analysis?

Alicon Castalloy Ltd currently shows a neutral. The stock trades at a P/E of 31.8 with a market cap of ₹1,181 Cr. Investors should review the full earnings analysis for detailed insights.

Is Alicon Castalloy Ltd planning capital expenditure?

Alicon Castalloy anticipates full-year capex of Rs.

Keep Alicon Castalloy Ltd on your radar — track it to get its next earnings analysis in your feed.

This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.