ALICON

Alicon Castalloy share price & financials

Price
₹651.15
Market cap
₹1.2k Cr
Sector
Automobile and Auto Components
Calls analysed
7
Latest concall · Q1 FY27 · call held 14 Aug 2026

Alicon Castalloy Limited Q1 FY27

EBITDA ₹55 cr EBITDA Margin 9.5% PAT ₹12 cr +23%PBT ₹18 cr +45%

What went well

  • Strong revenue growth: Total income of ₹579 crores, up 37% YoY and 17% QoQ, marking the first time quarterly sales exceeded ₹500 crores.
  • Robust underlying volume growth: Achieved 17.5% consolidated and 22% stand-alone volume growth, indicating real business expansion beyond commodity price effects.
  • Significant order book: Secured an executable order book of ₹8,450 crores as of June 30, 2026, offering six years of revenue visibility.

What to watch

  • Margin pressure from input costs: Q1 witnessed significant volatility in metal, gas, and tooling costs, impacting profitability despite strong top-line performance.
  • Softer European performance: Lower sales in European operations due to certain parts reaching their end-of-production cycle, leading to a temporary transition phase.
Read the full call →

What Alicon Castalloy Limited does

Alicon Castalloy designs, casts, machines, assembles and paints aluminium alloy components using Low Pressure Die Casting (LPDC) and Gravity Die Casting (GDC) processes. Its parts go into two, three and four-wheelers (both ICE and electric/hybrid platforms) such as cylinder heads, housings, battery trays, motor stators and e-axles, sold to marquee two-wheeler, four-wheeler and Tier-1 OEMs. It also supplies non-automotive sectors including defence, aerospace, energy, agriculture, infrastructure and medical. Manufacturing is spread across plants in Maharashtra and Haryana in India and one plant in Slovakia, Europe.

Segments

  • Automotive - ICE (2W/3W/PV/CV)
  • Automotive - Carbon Neutral (EV/Hybrid)
  • Non-Automotive
Manufacturing plants
4 (3 in India - Shikrapur, Chinchwad Pune & Binola Haryana; 1 in Slovakia)
Permanent employees
916 (FY26)
Customers served
91 (FY26)
Live parts in production
801 (FY26)
Countries of export/presence
18
Business segments of presence
16
Headquarters Shikrapur, Pune, Maharashtra, IndiaEmployees 916 (FY26) Company website

Guidance record · Q1 FY27

what the last two calls moved 14 tracked 0 delivered 4 missed 10 open
  • FY25 Revenue missed said Q3 FY25 Promised: Rs. 1,800 crore Q1 FY27: Historical promise, no new updates.
  • FY27 Revenue revised up said Q3 FY25 Promised: Rs. 2,200 crore Q1 FY27: Management revised FY27 growth guidance upwards to 12-15% (from 8-10% in Q4). This implies a revenue target of Rs. 2000-2050 Cr, still well below the original Rs. 2,200 Cr target.
  • FY29 Exit Revenue on track said Q3 FY26 Promised: Rs. 3,500 crore Q1 FY27: Management guided for doubling revenue by 2030 from the FY26 base of ~Rs. 1784 Cr, implying a target of ~Rs. 3568 Cr. This reaffirms the original FY29 target.

All 14 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 38.3%, net profit up 22.2% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue464 392 425 418 428 −8%430 +10%495 +16%578 +38%
EBITDA56 34 47 49 55 −2%44 +29%46 −2%54 +10%
Net profit17 1 9 9 14 −18%3 +200%8 −11%11 +22%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −12.8% 1Y

₹0.6k₹0.7k₹0.8k₹0.9k₹1.0kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 7 Nov 2025Q3 FY26 — 16 Feb 2026Q4 FY26 — 13 May 2026Q1 FY27 — 14 Aug 2026

1Y: ₹840.95 on 10 Sept 2025 → ₹733.4. High ₹984.1 (27 Oct 2025), low ₹586.3 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
−2.9%
14 Aug
Q4 FY26
−4.9%
13 May
Q3 FY26
+4.3%
16 Feb
Q2 FY26
−3.2%
7 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 8.1% a year over 3 years, FY23 to FY26. Operating margin held at 11.0%.

Year endingFY23FY24FY25FY26
Revenue₹1.4k Cr₹1.6k Cr₹1.7k Cr₹1.8k Cr
Operating profit₹154 Cr₹195 Cr₹195 Cr₹194 Cr
Operating margin11.0%12.5%11.3%11.0%
Interest₹31 Cr₹40 Cr₹44 Cr₹38 Cr
Depreciation₹64 Cr₹77 Cr₹91 Cr₹106 Cr
Net profit₹51 Cr₹62 Cr₹46 Cr₹34 Cr
Net margin3.6%4.0%2.7%1.9%
Cash from operations₹87 Cr₹158 Cr₹204 Cr₹239 Cr
Free cash flow₹2 Cr₹48 Cr₹22 Cr₹93 Cr
ROCE12.0%15.0%12.0%10.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹7 Cr₹8 Cr₹8 Cr₹8 Cr₹8 Cr₹8 Cr
Reserves₹310 Cr₹441 Cr₹480 Cr₹547 Cr₹608 Cr₹620 Cr
Borrowings₹354 Cr₹265 Cr₹301 Cr₹331 Cr₹351 Cr₹354 Cr
Other liabilities₹236 Cr₹295 Cr₹299 Cr₹344 Cr₹358 Cr₹459 Cr
Total liabilities₹907 Cr₹1.0k Cr₹1.1k Cr₹1.2k Cr₹1.3k Cr₹1.4k Cr
Fixed assets₹366 Cr₹388 Cr₹408 Cr₹475 Cr₹573 Cr₹589 Cr
Capital work in progress₹28 Cr₹26 Cr₹25 Cr₹22 Cr₹33 Cr₹58 Cr
Investments₹0 Cr₹0 Cr₹3 Cr₹3 Cr₹5 Cr₹5 Cr
Other assets₹513 Cr₹594 Cr₹652 Cr₹731 Cr₹714 Cr₹790 Cr
Total assets₹907 Cr₹1.0k Cr₹1.1k Cr₹1.2k Cr₹1.3k Cr₹1.4k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public added +1.47 pp while DIIs trimmed −1.27 pp. The shareholder count shrank 1% to 14,932.

Promoters
53.8%
FIIs
0.2%
DIIs
10.6%
Public
35.4%

Since Jun 2025

  • Public +1.47 pp
  • DIIs −1.27 pp
  • Promoters −0.22 pp

How it drifted, 12 quarters

Over this window promoters fell from 55.7% to 53.8% — −1.9 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 55.7%, FIIs 0.1%, DIIs 8.8%, Public 35.4%.Dec '23: Promoters 55.7%, FIIs 0.3%, DIIs 9.0%, Public 35.0%.Mar '24: Promoters 55.7%, FIIs 0.4%, DIIs 9.0%, Public 34.9%.Jun '24: Promoters 55.2%, FIIs 0.8%, DIIs 9.2%, Public 34.9%.Sep '24: Promoters 54.2%, FIIs 0.9%, DIIs 11.4%, Public 33.5%.Dec '24: Promoters 54.2%, FIIs 0.5%, DIIs 11.6%, Public 33.8%.Mar '25: Promoters 54.3%, FIIs 0.3%, DIIs 11.9%, Public 33.5%.Jun '25: Promoters 54.0%, FIIs 0.2%, DIIs 11.9%, Public 33.9%.Sep '25: Promoters 54.0%, FIIs 0.2%, DIIs 11.9%, Public 33.9%.Dec '25: Promoters 54.0%, FIIs 0.2%, DIIs 11.5%, Public 34.3%.Mar '26: Promoters 54.0%, FIIs 0.2%, DIIs 11.5%, Public 34.3%.Jun '26: Promoters 53.8%, FIIs 0.2%, DIIs 10.6%, Public 35.4%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 3 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Alicon Castalloy Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Nastic Trading Llp . 41.21%−0.19 pp
Enkei Corporation 13.57%−0.06 pp
Shailendrajit Charanjit Rai 6.84%unchanged
Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Small Cap Fund Mutual fund6.16%unchanged
Rajeev Sikand 3.40%+0.29 pp
SBI Automotive Opportunities Fund Mutual fund2.19%−0.87 pp
Bandhan Small Cap Fund Mutual fund2.14%unchanged
U. C. Rai Holdings Private Limited 2.05%unchanged
Skyblue Trading And Investments P Ltd 1.55%unchanged
Pamela Trading Llp 0.77%unchanged
Mithras Trading Llp 0.75%unchanged
Atlas Castalloy Limited 0.61%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in ALICON

Filings to Aug 2026

0 new, 0 added, 1 trimmed, 0 sold out — net −0.60 L shares (−16.7%).

Held by funds
₹20 Cr
1 schemes
Biggest holder
SBI Automotive Opportunities Fund
₹20 Cr · 0.3% of that fund
SchemeHoldingLast month
SBI Automotive Opportunities Fund SBI Mutual Fund₹20 Cr−0.60 L

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

0 added, 1 trimmed — net −60,000 shares (−16.7%)

Funds are sitting on
-47%
vs est. average cost
Held by funds
₹20 Cr
1 schemes · ≈ 1.6% of the company

Shares held by these funds +1535%

Jun '24 3.60 L shares Jul '26

What the price assumes

Growth trap

To justify its price of ₹733, this stock must grow earnings at 22% every year for 7 years. Our analysis caps realistic growth at ~-13%. At that growth it is worth ₹114 — downside of 84%.

Growth the price implies
21.6% a year
for 7 years, fading to 4%
It has actually compounded at
-12.7% a year
net profit, FY23–FY26 · EPS -12.9%
The gap
0.3 pp
-84% downside if it only repeats history
Price today ₹733.4 Value at the reference growth ₹113.83

Change the assumptions yourself →

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse Alicon Castalloy Limited

Guides on how to read this kind of business and the numbers that matter.