Alicon Castalloy Limited (ALICON)

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Alicon Castalloy Limited (ALICON) · mywealthgrid

About

Alicon Castalloy Limited is a mid-cap auto components manufacturer with market cap ₹1,173 Cr and recent quarterly revenues between ₹430–₹578 Cr. The company operates in automotive equipment and components within the Consumer Discretionary sector, maintaining double-digit operating margins and a conservative balance sheet (D/E 0.52).

Face value: ₹5

Market cap

₹1,421 Cr

P/E

38.9×

P/B

2.3×

Dividend yield

0.6%

ROE

5.6%

ROCE

13%

Debt / equity

0.52

OPM

11%

EPS (TTM)

₹22.4

Book value

₹384.5

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Profitability volatility: net profit ranges from ₹3.3 Cr to ₹17.66 Cr across recent quarters, with EPS from ₹2.01 to ₹21.64—verify if operational or one-time driven

Margin compression: OPM declined from 12.79% (Sep 2025) to 9.39% (Jun 2026)—verify if industry-wide pressure or company-specific cost headwinds

High valuation multiple: PE of 34.06 is elevated relative to recent earnings quality and volatility—verify if justified by growth visibility or represents overvaluation risk

Weak return on capital: ROE of 5.64% indicates poor productivity of shareholder capital—verify if cyclical weakness or structural constraint on value creation

Generated analysis · source review pending

Growth drivers

Revenue of ₹578 Cr in recent quarter (highest in dataset) up 35% from ₹428 Cr in Sep 2025; verify if sustained growth or seasonal peak in automotive cycle
Operating margin of 10.96% maintains double-digit profitability despite recent quarterly compression to 9.39%; verify if margin floor is defensible
Five dividend payments in past 12 months indicate cash generation capability; verify if sustainable given profitability volatility (₹3.3–₹17.66 Cr range)
Moderate leverage (D/E 0.52) provides capex headroom; verify if management has strategic plans to invest in higher-margin segments or EV-adjacent components

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹872.0+20.3%1Y

Quick read

rule-based

Pros

+Revenue CAGR of 15.9% over the last 5 years

Cons

−Low return on equity of 8.5% (3-yr avg)
−Profit declined 15.6% a year over the last 3 years

Research score

Structured signal from quality, growth, valuation and momentum.

46/100

Business quality: 26
Growth: 53
Valuation: 59

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	865	1,038	1,182	957	849	1,078	1,401	1,559	1,720	1,776
COGS	385	500	600	488	413	544	712	756	898	950
Gross profit	481	538	582	470	436	534	689	804	823	825
	395	430	443	364	353	422	536	608	628	631
	85	108	139	106	83	112	153	195	194	195
OPM %	9.8%	10.4%	11.8%	11.1%	9.8%	10.4%	11%	12.5%	11.3%	11%
Depreciation	27	32	38	44	49	53	64	78	91	106
Interest	26	30	35	39	36	30	31	41	45	43
	4	9	10	3	3	3	4	4	3	1
Profit before tax	35	56	76	27	1	33	65	81	62	47
Tax	11	17	23	10	3	9	8	20	16	13
Tax %	30.4%	30.4%	30.3%	36.5%	278.7%	27.2%	12%	24.2%	25.4%	26.9%
	25	39	53	17	-2	24	57	61	46	34
PAT margin %	2.9%	3.7%	4.5%	1.8%	-0.2%	2.2%	4.1%	3.9%	2.7%	1.9%
EPS (₹)	21.4	29.5	39.3	12.6	-1.4	15.7	31.9	38	28.4	21.1
EPS adjusted (₹)	—	29	38.8	12.4	-1.4	15	35.5	38	28.1	21.1
	19.9%	21.2%	17.8%	9.9%	—	14.3%	11.7%	18.4%	21.2%	26.1%
Annual report	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	7	7	7	7	8	8	8	8	8
Reserves	246	301	—	310	441	480	547	585	620
	242	281	—	348	261	301	306	346	325
	286	285	—	242	298	299	369	356	488
Total equity & liabilities	781	874	—	907	1,008	1,088	1,230	1,295	1,442
	290	334	368	363	386	406	445	501	568
CWIP	5	21	—	21	19	16	12	54	58
Investments	0	0	—	2	2	5	17	7	7
	486	519	—	520	600	661	756	733	808
Total assets	781	874	—	907	1,008	1,088	1,230	1,295	1,442

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	49.3%	49.1%	51.4%	49.5%	49.2%	51.5%	47.8%	46.5%
EBITDA margin %	11.8%	11.1%	9.8%	10.4%	11%	12.5%	11.3%	11%
EBIT margin %	8.6%	6.5%	4%	5.5%	6.4%	7.6%	6%	5%
PAT margin %	4.5%	1.8%	-0.2%	2.2%	4.1%	3.9%	2.7%	1.9%
Working capital
Receivable days	104	—	139	136	115	122	106	110
Inventory days	73	—	111	88	78	66	54	62
Payable days	—	—	138	145	113	119	99	135
NWC days	—	—	112	79	81	69	61	37
Leverage
Current ratio	1.09	—	1.22	1.38	1.35	1.35	1.22	1.11
Debt to EBITDA	2.02	—	4.19	2.32	1.96	1.57	1.78	1.67
Debt to equity	0.91	—	1.1	0.58	0.62	0.55	0.58	0.52
Interest coverage	3.2	1.6	1	2.1	3	3	2.4	2.3
Asset turnover	1.35	—	0.94	1.07	1.29	1.27	1.33	1.23
Return ratios
Return on assets %	6.1%	—	-0.2%	2.4%	5.3%	5%	3.6%	2.4%
Return on capital employed %	28.9%	—	7.3%	11.3%	15.3%	18.2%	14.7%	13%
Return on equity %	17.2%	—	-0.6%	5.4%	11.7%	11%	7.8%	5.5%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	55.71%	55.71%	55.71%	55.2%	54.18%	54.18%	54.26%	54.01%	54.01%	54.01%	54.01%	53.79%
	0.07%	0.26%	0.37%	0.77%	0.89%	0.46%	0.26%	0.16%	0.21%	0.19%	0.2%	0.2%
	8.81%	9%	9%	9.16%	11.37%	11.59%	11.94%	11.89%	11.92%	11.49%	11.53%	10.62%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	35.41%	35.03%	34.92%	34.87%	33.56%	33.77%	33.54%	33.94%	33.86%	34.31%	34.26%	35.39%
No. of shareholders	—	—	—	—	—	—	—	—	14,737	14,962	14,469	14,932

Promoter holding down 1.92 percentage points since Sep 2023.

10 deals · 29 Sept 2021 – 27 Oct 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
27 Oct 2025	GRT STRATEGIC VENTURES LLP	Bulk	NSE	Sell	1,48,247	₹994.64	₹14.75 Cr
27 Oct 2025	GRT STRATEGIC VENTURES LLP	Bulk	NSE	Buy	1,48,247	₹993.55	₹14.73 Cr
27 Oct 2025	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	1,32,429	₹995.46	₹13.18 Cr
27 Oct 2025	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	1,32,429	₹994.55	₹13.17 Cr
27 Oct 2025	SILVERLEAF CAPITAL SERVICES PRIVATE LIMITED	Bulk	NSE	Sell	1,11,389	₹993.18	₹11.06 Cr
27 Oct 2025	SILVERLEAF CAPITAL SERVICES PRIVATE LIMITED	Bulk	NSE	Buy	1,11,389	₹992.36	₹11.05 Cr
23 Sept 2024	SBI MUTUAL FUND	Bulk	BSE	Buy	3,72,443	₹1,300.00	₹48.42 Cr
23 Sept 2024	RAJEEV SIKAND	Bulk	BSE	Sell	2,00,000	₹1,300.00	₹26.00 Cr
23 Sept 2024	PAMELA TRADING LLP	Bulk	BSE	Sell	1,59,000	₹1,300.00	₹20.67 Cr
29 Sept 2021	GUPTA VIMAL	Bulk	NSE	Sell	1,01,500	₹770.01	₹7.82 Cr

1–10 of 10

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Ajay NanavatiNon-Executive - Non Independent Director-Chairperson
Mr. Shailendrajit RaiExecutive Director-MD
Mr. Junichi SuzukiNon-Executive - Non Independent Director
Mr. Jitendra H PanjabiNon-Executive - Non Independent Director
Mr. Alfred Heinrich KnechtNon-Executive - Independent Director
Mr. Ajay Shriram PatilNon-Executive - Independent Director
Mrs. Bijal Tushar AjinkyaNon-Executive - Independent Director
Mrs. Sujatha Rajagopal NarayanNon-Executive - Independent Director
Mr. Ishaan Shailendrajit RaiNon-Executive - Non Independent Director
Mr. Sumit BhatnagarChief Executive Officer
Mr. Vimal GuptaChief Finance Officer

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 2 fund houses

Held by these funds

8.05%

of the company's equity

All mutual funds

10.5%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

2 schemes · 2 fund houses

		Shares
Small Cap Fund	Axis Mutual Fund	10.11 L	67.3	0.21%	6.205%	-0
Automotive Opportunities Fund	SBI Mutual Fund	3 L	19.96	0.31%	1.84%	-60,000

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Response to Volume Movement Letter.1 Oct 2026 · General
The Exchange has sought clarification from Alicon Castalloy Ltd on October 1, 2026, with reference to Movement in Volume.<BR><BR>The reply is awaited.1 Oct 2026 · Clarification
We are enclosing herewith the scrutinizers report and voting result with respect to 36th AGM of the Company.29 Sept 2026 · AGM
Outcome of Annual General Meeting.28 Sept 2026 · AGM

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Events

Upcoming dates and the company’s corporate-action history.

24

Final dividend21 Sept 2026 · ex-date₹3
Interim dividend19 May 2026 · ex-date₹2
Final dividend15 Sept 2025 · ex-date₹3
Interim dividend16 May 2025 · ex-date₹2.5
Final dividend19 Sept 2024 · ex-date₹4.5
Interim dividend31 May 2024 · ex-date₹3
Final dividend13 Sept 2023 · ex-date₹3.75
Interim dividend19 May 2023 · ex-date₹2.5
Final dividend19 Sept 2022 · ex-date₹2.25
Interim dividend23 Mar 2020 · ex-date₹1.25
Final dividend18 Jul 2019 · ex-date₹5
Interim dividend15 Feb 2019 · ex-date₹2
Final dividend12 Sept 2018 · ex-date₹4.25
Interim dividend9 Feb 2018 · ex-date₹2
Final dividend18 Sept 2017 · ex-date₹4.25
Dividend dividend21 Sept 2016 · ex-date₹3.75
Dividend dividend22 Dec 2015 · ex-date₹3
Dividend dividend19 Sept 2014 · ex-date₹2.5
Dividend dividend25 Sept 2013 · ex-date₹2
Dividend dividend24 Sept 2012 · ex-date₹1.38
Dividend dividend22 Sept 2011 · ex-date₹1
Dividend dividend23 Sept 2010 · ex-date₹1
Dividend dividend23 Sept 2008 · ex-date₹0.62
Dividend dividend21 Sept 2007 · ex-date₹0.62

1

Board meeting to consider results13 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

19 announcementsExport CSV

1 Oct 2026, 4:10 pmCompany Update

Response To Volume Movement Letter.

General PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	49.3%	49.1%	51.4%	49.5%	49.2%	51.5%	47.8%	46.5%
EBITDA margin %	11.8%	11.1%	9.8%	10.4%	11%	12.5%	11.3%	11%
EBIT margin %	8.6%	6.5%	4%	5.5%	6.4%	7.6%	6%	5%
PAT margin %	4.5%	1.8%	-0.2%	2.2%	4.1%	3.9%	2.7%	1.9%
Working capital
Receivable days	104	—	139	136	115	122	106	110
Inventory days	73	—	111	88	78	66	54	62
Payable days	—	—	138	145	113	119	99	135
NWC days	—	—	112	79	81	69	61	37
Leverage
Current ratio	1.09	—	1.22	1.38	1.35	1.35	1.22	1.11
Debt to EBITDA	2.02	—	4.19	2.32	1.96	1.57	1.78	1.67
Debt to equity	0.91	—	1.1	0.58	0.62	0.55	0.58	0.52
Interest coverage	3.2	1.6	1	2.1	3	3	2.4	2.3
Asset turnover	1.35	—	0.94	1.07	1.29	1.27	1.33	1.23
Return ratios
Return on assets %	6.1%	—	-0.2%	2.4%	5.3%	5%	3.6%	2.4%
Return on capital employed %	28.9%	—	7.3%	11.3%	15.3%	18.2%	14.7%	13%
Return on equity %	17.2%	—	-0.6%	5.4%	11.7%	11%	7.8%	5.5%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Samvardhana Motherson International LimitedMOTHERSONMOTHERSON	₹1,65,731 Cr	₹1,81,626 Cr	₹1,31,135 Cr	₹12,541 Cr	9.4%	₹4,380 Cr	3.2%	12.6%	10.2%	-26
Bosch LimitedBOSCHLTDBOSCHLTD	₹1,34,166 Cr	₹1,34,166 Cr	₹21,088 Cr	₹2,832 Cr	13.2%	₹2,363 Cr	13.8%	21%	19.4%	13
Bharat Forge LimitedBHARATFORGBHARATFORG	₹89,644 Cr	₹96,518 Cr	₹17,543 Cr	₹2,963 Cr	17.4%	₹706 Cr	6.5%	17.9%	11.5%	136
Uno Minda LimitedUNOMINDAUNOMINDA	₹64,160 Cr	₹66,698 Cr	₹20,725 Cr	₹2,280 Cr	11.5%	₹1,202 Cr	6.5%	19.3%	19.1%	37
Schaeffler India LimitedSCHAEFFLERSCHAEFFLER	₹60,732 Cr	₹60,787 Cr	₹10,505 Cr	₹1,917 Cr	18.2%	₹1,253 Cr	11.9%	27.3%	20.2%	68
Sona Blw Precision Forgings LimitedSONACOMSSONACOMS	₹50,071 Cr	₹50,314 Cr	₹4,935 Cr	₹1,207 Cr	24.7%	₹686 Cr	14.1%	14.6%	11%	121
Tube Investments Of India LimitedTIINDIATIINDIA	₹45,302 Cr	₹45,695 Cr	₹23,754 Cr	₹2,260 Cr	9.9%	₹607 Cr	4.9%	15.4%	9.6%	41
Endurance Technologies LimitedENDURANCEENDURANCE	₹36,602 Cr	₹37,928 Cr	₹15,592 Cr	₹2,058 Cr	13.5%	₹970 Cr	6.5%	18.5%	15.2%	-6
Exide Industries LimitedEXIDEINDEXIDEIND	₹34,803 Cr	₹35,896 Cr	₹18,829 Cr	₹1,954 Cr	10.4%	₹932 Cr	4.8%	8.9%	6.1%	42
Dhoot Transmission LimitedDHOOTTRANSDHOOTTRANS	₹29,518 Cr	₹30,359 Cr	₹4,525 Cr	₹711 Cr	15.7%	₹397 Cr	8.8%	30.8%	23.1%	69
Craftsman Automation LimitedCRAFTSMANCRAFTSMAN	₹26,897 Cr	₹30,238 Cr	₹8,717 Cr	₹1,357 Cr	15.3%	₹465 Cr	4.8%	16.1%	12.5%	74
Sansera Engineering LimitedSANSERASANSERA	₹26,686 Cr	₹27,144 Cr	₹3,753 Cr	₹696 Cr	18.1%	₹351 Cr	9.3%	14.7%	11.1%	98

Date	Category	Subject	Filing
1 Oct 2026, 4:10 pm	Company Update General	Response To Volume Movement Letter.	PDF
1 Oct 2026, 3:11 pm	Company Update Clarification	Clarification sought from Alicon Castalloy Ltd	—
29 Sept 2026, 4:31 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
28 Sept 2026, 2:17 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
12 Sept 2026, 5:12 pm	Company Update Change in Directorate	Announcement under Regulation 30 (LODR)-Change in Directorate	PDF
7 Sept 2026, 6:04 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
4 Sept 2026, 12:04 pm	Others Business Responsibility and Sustainability Reporting (BRSR)	Business Responsibility and Sustainability Reporting (BRSR)	PDF
4 Sept 2026, 11:47 am	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	35	41	102	112	77	87	157	205	239
	-60	-63	-96	-47	-72	-82	-107	-183	-143
	23	22	-7	-54	-9	-4	-51	-22	-90
Net cash flow	-2	0	-1	12	-4	1	-1	0	5
Free cash flow	—	—	—	74	18	87	157	40	107
CFO / Operating profit %	41.4%	37.7%	73%	134.9%	68.6%	56.6%	80.6%	105.5%	122.8%

Alicon Castalloy Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

24

1

Announcements

24

1

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Alicon Castalloy Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Dividends24

Board meetings1

Announcements

Dividends24

Board meetings1

Ratio timeline

Not in the F&O segment

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

24

1

24

1