Alicon Castalloy Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹1,411 Cr
- P/E
- 37.99
- ROE
- 7.03%
- PEG
- -6.38
- Price to sales
- 0.75
- Debt to equity
- 0.56
- 52W high / low
- ₹967 / ₹586
- Sales growth (5Y)
- 15.91%
- EBITDA margin
- 10.29%
- Net profit margin
- 2.42%
- Promoter holding
- 53.79%
- Sales (last year)
- ₹1,931 Cr
Alicon Castalloy manufactures aluminium castings including cylinder heads, support brackets, intake manifolds, crankshafts, and engine brackets for the auto industry. It has a presence in 18 countries and is a part of Alicon Group. The co. was established as Enkei Castalloy Ltd, a joint venture between Pegasus Castalloy Ltd and Enkei Corporation (now Alicon Castalloy), in Japan; one of the largest manufacturers of alloy wheels in the world. [1] [2] [3]
Guidance scorecard · Q1 FY27 call
What Alicon Castalloy Ltd's management guided
and where it ranks in Auto Components
Auto Components
RevenueQ1 FY27 call
10–20%- Alicon aims to nearly double revenues by 2030, targeting around Rs. 8,450 crore executable order book over six years (2026-2031), including recent additions.
- FY27 revenue growth is expected at 12%-15% (volume growth around 17% in Q1 FY27).
- The company plans capacity expansions with new plants starting at 3,000 tons and scaling up to 7,000 tons, supporting volume growth.
- Focus on increasing penetration in traditional ICE and hybrid vehicle components due to quicker order realizations compared to EV components. EV and hybrid work continues for future demand.
- Growth in non-automotive vertical is a future focus with a new sales vertical being developed.
- The company expects ongoing strong order booking and program ramp-up, with new capacities coming online by March 2027.
2 more points from Alicon Castalloy Ltd's call on revenue
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MarginsQ1 FY27 call
Up 0–2%See what Alicon Castalloy Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Alicon Castalloy Limited is investing approximately Rs. 125 crore over the next 2-3 years in a new manufacturing facility at Shikrapur (leased 1.36 lakh sq ft).
- This new facility will have capabilities in GDC, LPDC, and machining to support recently acquired businesses.
- The investment is phased to align with customer demand, with about Rs. 70 crore spent so far.
- The new plant is expected to generate around Rs. 500 crore annual revenue in 4-5 years.
- Additional capacity expansion opportunities are under evaluation, with further investments expected to be announced.
- Capital expenditure for Q1 FY27 was around Rs. 40 crore; total FY27 capex planned at Rs. 150 crore.
- Future investments will be aligned with order execution and customer programs, ensuring clear utilization and returns.
2 more points from Alicon Castalloy Ltd's call on capex
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FundraisingQ1 FY27 call
PlannedSee what Alicon Castalloy Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- Alicon Castalloy Limited’s executable order book stands at approximately Rs. 8,450 crore as of June 30, 2026, covering orders over six years (2026-2031).
- This order book includes recent past additions from the last 3-4 years and recent business acquisitions.
- The company anticipates incremental order wins similar to recent quarters, supporting a revenue doubling plan by 2030.
- Non-automotive order book constitutes around 2% (approx. Rs. 126 crore), with efforts underway to expand this vertical.
- New business acquisitions during the last quarter have the potential to generate over Rs. 450 crore over the next five years.
- Entry into two large Indian passenger and commercial vehicle OEMs provides visibility of about Rs. 850 crore over five years.
2 more points from Alicon Castalloy Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Auto Components
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Auto Components companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹3,020 Cr | 47.8 | |
| 2 | 40%+ | Flat | ₹1,998 Cr | 63.5 | |
| 3 | 40%+ | Flat | ₹428 Cr | 17.5 | |
| 4 | 20–40% | Up 2%+ | ₹25,721 Cr | 73.8 | |
| 5 | 20–40% | Up 2%+ | ₹13,417 Cr | 40.5 | |
| 6 | 20–40% | Up 0–2% | ₹23,344 Cr | 37.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Auto Components rankingFinancials of Alicon Castalloy Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Alicon Castalloy Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 319.25 | 354.06 | 381.04 | 404.97 | 419.30 | 439.98 | 463.75 | 392.10 | 424.53 | 417.95 | 428.18 | 430.09 | 494.93 |
| Expenses + | 287.53 | 314.83 | 334.76 | 352.77 | 361.69 | 382.45 | 407.72 | 357.84 | 377.86 | 368.85 | 373.41 | 386.01 | 449.25 |
| Operating Profit | 31.72 | 39.23 | 46.28 | 52.20 | 57.61 | 57.53 | 56.03 | 34.26 | 46.67 | 49.10 | 54.77 | 44.08 | 45.68 |
| OPM % | 9.94% | 11.08% | 12.15% | 12.89% | 13.74% | 13.08% | 12.08% | 8.74% | 10.99% | 11.75% | 12.79% | 10.25% | 9.23% |
| Other Income + | 1.42 | 0.80 | 0.75 | 0.78 | 1.47 | 0.74 | 0.77 | 0.83 | 1.08 | -1.81 | 0.72 | -1.92 | 0.52 |
| Interest | 8.56 | 9.46 | 10.15 | 10.24 | 10.84 | 10.35 | 11.29 | 10.54 | 12.34 | 9.82 | 9.83 | 9.13 | 9.40 |
| Depreciation | 16.69 | 18.37 | 18.19 | 20.12 | 20.85 | 22.44 | 23.00 | 23.50 | 22.34 | 24.88 | 26.64 | 27.42 | 26.89 |
| Profit before tax | 7.89 | 12.20 | 18.69 | 22.62 | 27.39 | 25.48 | 22.51 | 1.05 | 13.07 | 12.59 | 19.02 | 5.61 | 9.91 |
| Tax % | -22.94% | 22.21% | 22.36% | 25.99% | 25.01% | 25.27% | 25.32% | 25.71% | 27.77% | 26.05% | 26.97% | 41.18% | 19.88% |
| Net Profit + | 9.70 | 9.49 | 14.51 | 16.74 | 20.54 | 19.04 | 16.81 | 0.78 | 9.43 | 9.31 | 13.89 | 3.30 | 7.94 |
| EPS in Rs | 6.02 | 5.89 | 9.01 | 10.39 | 12.75 | 11.71 | 10.34 | 0.48 | 5.80 | 5.70 | 8.50 | 2.02 | 4.86 |
Financials of Alicon Castalloy Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 714 | 749 | 772 | 1,013 | 1,189 | 957 | 849 | 1,078 | 1,401 | 1,559 | 1,720 | 1,776 |
| Expenses + | 641 | 671 | 687 | 905 | 1,042 | 851 | 765 | 965 | 1,247 | 1,364 | 1,526 | 1,581 |
| Operating Profit | 73 | 78 | 85 | 108 | 146 | 106 | 83 | 113 | 154 | 195 | 194 | 195 |
| OPM % | 10% | 10% | 11% | 11% | 12% | 11% | 10% | 10% | 11% | 13% | 11% | 11% |
| Other Income + | 2 | 3 | 4 | 9 | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 1 |
| Interest | 20 | 22 | 26 | 30 | 35 | 39 | 36 | 30 | 31 | 41 | 45 | 43 |
| Depreciation | 26 | 27 | 27 | 32 | 38 | 44 | 49 | 53 | 64 | 78 | 91 | 106 |
| Profit before tax | 29 | 32 | 35 | 56 | 76 | 25 | 1 | 33 | 62 | 81 | 62 | 47 |
| Tax % | 32% | 31% | 30% | 30% | 31% | 33% | 279% | 26% | 17% | 24% | 26% | 27% |
| Net Profit + | 20 | 22 | 25 | 39 | 53 | 17 | -2 | 24 | 51 | 61 | 46 | 34 |
| EPS in Rs | 18.04 | 18.12 | 20.14 | 28.94 | 38.82 | 12.36 | -1.39 | 15.01 | 31.91 | 38.09 | 28.32 | 21.08 |
| Dividend Payout % | 17% | 21% | 21% | 22% | 18% | 10% | 0% | 15% | 20% | 20% | 19% | 9% |
Financials of Alicon Castalloy Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 7 | 7 | 7 | 7 | 8 | 8 | 8 | 8 | 8 |
| Reserves | 123 | 138 | 155 | 246 | 301 | 308 | 310 | 441 | 480 | 547 | 585 | 620 |
| Borrowings + | 172 | 190 | 248 | 268 | 310 | 357 | 354 | 265 | 301 | 331 | 366 | 354 |
| Other Liabilities + | 176 | 182 | 176 | 260 | 256 | 230 | 236 | 295 | 299 | 344 | 336 | 459 |
| Total Liabilities | 476 | 516 | 585 | 781 | 874 | 901 | 907 | 1,008 | 1,088 | 1,230 | 1,295 | 1,442 |
| Fixed Assets + | 180 | 234 | 258 | 293 | 337 | 370 | 366 | 388 | 408 | 475 | 525 | 589 |
| CWIP | 25 | 2 | 12 | 5 | 21 | 23 | 28 | 26 | 25 | 22 | 64 | 58 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 3 | 5 | 5 |
| Other Assets + | 271 | 280 | 315 | 483 | 516 | 508 | 513 | 594 | 652 | 731 | 702 | 790 |
| Total Assets | 476 | 516 | 585 | 781 | 874 | 901 | 907 | 1,008 | 1,088 | 1,230 | 1,295 | 1,442 |
Financials of Alicon Castalloy Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 53 | 69 | 35 | 41 | 102 | 57 | 112 | 77 | 87 | 158 | 204 | 239 |
| Cash from Investing Activity + | -79 | -57 | -60 | -63 | -96 | -68 | -47 | -72 | -82 | -107 | -182 | -143 |
| Cash from Financing Activity + | 28 | -9 | 23 | 22 | -7 | 6 | -55 | -9 | -4 | -51 | -22 | -90 |
| Net Cash Flow | 3 | 3 | -2 | 0 | -1 | -4 | 11 | -4 | 1 | -1 | 0 | 5 |
| Free Cash Flow | -31 | 11 | -23 | -20 | 4 | -13 | 63 | 3 | 2 | 48 | 22 | 93 |
| CFO/OP | 87% | 101% | 50% | 49% | 79% | 64% | 137% | 75% | 62% | 94% | 117% | 132% |
Financials of Alicon Castalloy Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 80 | 82 | 87 | 116 | 104 | 129 | 139 | 136 | 115 | 122 | 106 | 110 |
| Inventory Days | 64 | 48 | 62 | 66 | 73 | 79 | 119 | 88 | 78 | 66 | 54 | 62 |
| Days Payable | 116 | 116 | 120 | 135 | 112 | 114 | 148 | 145 | 100 | 119 | 99 | 135 |
| Cash Conversion Cycle | 28 | 14 | 28 | 47 | 65 | 95 | 110 | 79 | 93 | 69 | 61 | 37 |
| Working Capital Days | -29 | -33 | -26 | -1 | 4 | 19 | 30 | 49 | 39 | 40 | 23 | 12 |
| ROCE % | 19% | 17% | 17% | 18% | 19% | 10% | 6% | 9% | 12% | 15% | 12% | 10% |
Guidance history
How Alicon Castalloy Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Up 0–2% | Planned | Planned | Rising |
| Q4 FY26 call → | 0–10% | Up 0–2% | Planned | Planned | Rising |
| Q3 FY26 call → | 10–20% | Up 0–2% | Planned | — | Rising |
| Q2 FY26 call → | 0–10% | Up 0–2% | Planned | — | Flat |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
35 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −7.1% | 52% |
| Last 6 months | +23.2% | 76% |
| Last 3 months | +26.3% | 90% |
The price is 42.1% below its all-time high of ₹1,486.05 (13 Sept 2024). Stocks more than 20% below their peak have their score halved, so 69 became 35.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Alicon Castalloy Ltd: 0.4 × 52 + 0.4 × 76 + 0.2 × 90 = 69, halved to 35 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Alicon Castalloy Ltd's management said in earlier quarters
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