Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 7 Nov - Intimation of conference call for investors and analysts attached herewith.
Source: Bse
Alicon Castalloy Limited (ALICON)
Small CapAuto stocks · Small cap · NSE
Alicon Castalloy Limited is an Indian manufacturer offering end-to-end aluminum alloy casting solutions, specializing in Low Pressure Die Casting (LPDC) and Gravity Die Casting (GDC) with operations spanning design, engineering, machining, and assembly for automotive and non-automotive sectors globally.
₹976.15
+144.10 · +17.32%
Market cap ₹1,366 Cr
Data qualityFresh enough for analysisQuote updated 13 Nov, 05:54 pm ISTDetails
Quote13 Nov, 05:54 pm IST
Base fundamentals08 Nov 2026 · screener
Official result overlay30 Sept 2026 · nse-xbrl
Latest result12 Nov, 04:20 pm IST
Score13 Nov, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Auto P/E 24.6 (n=130)
Technical timing lens
Trend score and candlestick chart
64Bullishfull bull SMA stack · SMA20 +7.4% / mo · RSI overbought · MACD + · near 52W high · sector -5.0pp vs Nifty 500 (3M)
Stock trend: 78
Sector RS: 42
Sector 3M: -4.4% vs Nifty 500 +0.6%
Auto FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
ALICONW candles · FIT view-2.3%Latest close ₹976.15 on 2026-11-09
Bar
+16.3%
RSI
71
MACD hist
22.17
52W pos
95%
2026-11-09O ₹839.00H ₹995.00L ₹827.00C ₹976.15Vol 34.3L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
ALICONNifty AutoNifty 500
- ALICON
- +31.7%
- Nifty 500
- +0.3%
- Nifty Auto
- -5.0%
- Vs Nifty 500
- +31.4 pp
Chart stats
13 Nov 2026- From 52W high
- -1.9%
- 52W range position
- 95%
- ATR (14)
- 4.7%
- Volume vs 20D
- 134.14x
- Avg traded value
- ₹18.3 Cr
- 20D price channel
- ₹774.5 - ₹995
₹995
₹580 - ₹995
₹45.6
Latest completed session
20-session average
67.2% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · WATCHLIST44
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Good62
Revenue +51.8% · PAT +25.7% YoY
Technical
Bullish64
Price trend and sector-relative-strength timing.
Valuation
Legacy model-7.5%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence73
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Sept 2026
Good · 62/100Rev +52% YoY · PAT +26% YoY · +12% QoQ · margin compression
Filed 12 Nov 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹649.8 Cr | +51.8% | +12.4% |
| EBITDA | ₹63.2 Cr | +14.8% | +16.4% |
| Operating margin | 9.7% | -328 bps | +34 bps |
| PAT | ₹17.6 Cr | +25.7% | +53.7% |
| PAT margin | 2.7% | -56 bps | +73 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 33.89
- P/B
- 2.16
- EV/EBITDA
- 5.59
- Market Cap
- 1365.56Cr
Profitability
- ROE
- 7.03%
- ROCE
- 10.60%
- ROA
- 2.57%
- Dividend Y
- 0.59%
Growth (CAGR)
- Revenue 5Y
- 16.00%
- EPS 5Y
- 89.00%
- Revenue 3Y
- 8.00%
- EPS 3Y
- -6.00%
Balance Sheet
- Debt/Equity
- 0.56
- Interest Coverage
- 5.10×
- Altman Z
- 2.23
- Book Value
- 385.00
Cash Flow
- FCF Yield
- 7.20%
- FCF Positive Y
- 8/5
- OCF
- 239.00 Cr
- EPS TTM
- 24.55
Shareholding
- Promoter Hold
- 53.79%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 72%
Financial History
Updated 13/11/2026
Revenue
₹ CrLatest: 1,776+3.3% vs prev
Net Profit
₹ CrLatest: 34.0-26.1% vs prev
Return on Equity
%Latest: 5.4-30.3% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Weekly technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 71. Wait for confirmation.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 rising (~5.7% over last month) — short-term momentum positive.
- RSI(14) at 71 — overbought zone; risk of mean reversion.
- MACD above signal, histogram expanding — bullish momentum building.
- Within 3% of 52-week high — testing resistance.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
83
RS percentile
Stage 2 UptrendEstablished S2
1M return
+13.2%
3M return
+26.3%
6M return
+48.1%
1Y return
+13.5%
RS 1D
+14
RS 20D
+8
Sector rank
#2
Industry rank
#15
Stage evidence
- Price is 35.8% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +4.4%.
- Both 3-month and 6-month returns are positive.
50-DMA
price above
200-DMA
price above
S2 entered
13 Oct 2026
S2 age
22 trading sessions
Sector
leading
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
264 observations
13 Nov 2026Value 114.12+17.98%
RS vs Nifty 500114
Valuation & peers
U-Score 44 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 44 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
WATCHLIST
Fundamental score breakdown
U band · WATCHLISTValuation4/30
Growth18/25
Quality0/20
Balance Sheet7/15
Cash Flow10/10
Piotroski
7/9 (+5)
Penalties
0
Raw sum
44
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
44/100 · legacy band WATCHLIST
Positive drivers
- FCF yield is supportive at 7.2%.
- Piotroski is strong at 7/9.
- Cash flow contributes 10/10 to the score.
Main drags
- Fair-value margin of safety is negative at -7.5%.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Valuation is weaker at 4/30; verify the latest quarterly trend.
Sector valuation model
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
33.9
PB
2.2
EV/EBITDA
5.6
ROE
7.0%
ROCE
10.6%
FCF Yield
7.2%
Debt/Equity
0.6
MoS
-7.5%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 13 Nov 2026
v4.3-runtime-valuation
Final score
44
Previous: 46 (-2)
Legacy U-Score band
WATCHLIST
Previous: FAIR VALUE
Margin of safety
-7.5%
Previous: +8.5%
Score history
12 stored score snapshots. Latest stored move: +0 points.
13 Nov 2026
v4.3-runtime-valuation
46
46
46
46
46
45
47
45
45
45
46
46
Factor attribution
Valuation
4-2
was 6
Modelled fair value
Graham Number
₹461.16
-111.7% MoS
Growth-justified P/E
37.0
Growth-justified Value
₹907.61
-7.5% MoS
PEG
0.38
Comparable companies
Peers
Business-comparable peers in Auto — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
ENDURANCE
Large
Endurance Technologies Limited
Auto Components
match 144
49
35.4
15.0%
+22%
FAIR VALUE
STUDDS
Small
Studds Accessories Limited
Auto Components
match 138
47
22.9
17.0%
-171%
FAIR VALUE
BHARATSE
Small
Bharat Seats Limited
Auto Components
match 138
64
25.0
20.4%
+30%
UNDERVALUED
RICOAUTO
Small
Rico Auto Industries Limited
Auto Components
match 138
26
—
7.7%
—
OVERVALUED
IMPAL
Small
India Motor Parts and Accessories Limited
Auto Components
match 138
63
12.7
3.8%
+65%
UNDERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-10-22T08:41:19.686Z
Management commentary snapshot
Alicon Castalloy reports highest ever quarterly total income of Rs 579.06 cr in Q1 FY27, up 37% YoY, driven by strong domestic auto demand and higher alloy prices, while EBITDA rose 8% YoY to Rs 55.30 cr.
The investment thesis remains intact as top-line momentum hits record levels, supported by robust domestic auto production and a healthy order book of Rs 8,094 crore. While raw material cost inflation and a rising aluminum denominator compressed gross margins by 648 bps YoY, absolute EBITDA improved and utilization held firm near 80%, validating operational resilience.
Growth engines
New Business Bookings
ActiveBooked 8 new parts from 5 customers in Q1 FY27, spanning 2W, CV, Non-Auto, and PV segments.
Multi-Year Order Pipeline
ActiveRobust order book of Rs 8,094 crore providing incremental topline visibility over the next 6 years up to FY30-31.
EV and Carbon Neutral Technology Exposure
ActivePositioned to capture opportunities from customer preferences for hybrid, EV, fuel cells, and hydrogen cells.
Capacity and execution
New Manufacturing Facility at Shikrapur
AnnouncedAnnounced the establishment of a new manufacturing facility proximate to the existing facility at Shikrapur, near Pune, to expand capacity for value-added products.
Tailwinds
Strong Domestic Auto Production
FavorableIndian auto industry reported production growth of 19.4% YoY in Q1 FY27, led by 2W, CV, and PV segments reaching record first-quarter sales.
OEM Focus on Lightweighting
FavorableIndustry-wide focus on cost-optimisation, localisation, and higher technology content plays well to Alicon's engineering capabilities.
Headwinds
Commodity and Tariff Uncertainties
ChallengingInternational customers maintain a cautious outlook owing to tariff uncertainty and supply chain disruption.
Input Cost Inflation
ChallengingHigher prices of aluminum and alloys increased raw material expenses by 54% YoY, putting pressure on percentage gross margins.
Risk radar
Gross Margin Dilution from Raw Material Inflation
ElevatedGross profit margin decreased by 648 bps YoY to 39.2% due to higher aluminum prices increasing the denominator base.
Global Demand Volatility
ModerateGlobal auto industry witnessed degrowth in production volumes YoY, and international markets face supply chain and tariff risks.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare BOTH
YoY comparisons are essential to evaluate structural top-line growth and earnings trajectory against prior cycles, while QoQ metrics are crucial to track sequential margin resilience, raw material pass-through, and momentum following past operational headwinds.
Sector KPIs management disclosed
Total Income Growth
PositiveTotal Income grew by 37% YoY to Rs 579.06 crore in Q1 FY27 compared to Rs 421.20 crore in Q1 FY26.
EBITDA Margin
NeutralEBITDA margin stood at 9.5% in Q1 FY27, compared to 12.1% in Q1 FY26, impacted by higher aluminum prices expanding the denominator.
Capacity Utilization
PositiveManufacturing facilities operated at utilization levels of around 80% during Q1 FY27.
Order Book Visibility
PositiveOrder book stands at Rs 8,094 crore representing anticipated production schedule over the next 6 years.
Management forward view
Milestone Quarterly Performance
OptimisticManagement highlighted that Q1 FY27 marked the crossing of Rs 500 crore in quarterly revenue for the first time.
Strategic Expansion Initiative
CommittedThe new facility near Shikrapur is a strategic step to support future growth and address larger, more technologically advanced customer programs.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Capacity Utilization | ~80% | Sustained maintenance or escalation towards peak operating thresholds triggering brownfield expansion triggers. |
| Gross Margin Trajectory | 39.2% | Ability to pass through raw material cost inflation effectively to protect absolute spreads. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
73Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 72nd percentile of the scored universe and 51st percentile within Auto. Main check: financial discipline is weak at 42/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
131 docs text-extracted · 60 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
72nd percentile
overall median 67 · Auto: 51st pctile, median 73 · Small: 75th pctile, median 66
Evidence depth
Financial-only
131 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
89
strong · profit to cash conversion
Balance sheet
81
strong · leverage and solvency
Discipline
42
weak · capital discipline
Results
70
acceptable · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸FCF yield is 8.6%.
- ▸8 years of positive FCF.
- ▸3/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸ROE is low at 6.4%.
- ▸ROCE trend is -2.3%.
- ▸3 older quarters in the 8-quarter window had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Alicon Castalloy Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 7 Sep - Newspaper Notice of 36th Annual General Meeting.
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Change in Directorate 12 Sep - Company submits missing resignation letter for Director Ajay Patil, effective 13 August 2026.
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 13 Aug - CRISIL reaffirmed A/Stable and A1 ratings for Rs300 crore bank facilities.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release 13 Aug - Alicon Castalloy reported Q1 FY27 revenue of Rs 579.1 crore and PAT of Rs 11.4 crore.
Source: Bse
Concall transcriptMay 2026
May 2026 · Transcript
Source: Bse
Investor presentationMay 2026
May 2026 · PPT
Source: Bse
Concall transcriptMay 2026
May 2026 · Transcript
Source: Bse
Investor presentationMay 2026
May 2026 · PPT
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 22 May
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.