ALICON

Alicon Castalloy Limited

Precision parts and assemblies for OEM automotive platforms

Consumer Discretionary›Automobile and Auto Components›Auto Components›Auto Components & Equipments

alicongroup.co.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹854.65
Market cap
1,403 Cr
Stock P/E
38.4
P/B
2.22
Dividend yield
0.6%
ROE (FY26)
5.5%
ROCE (FY26)
9.4%
Operating margin (FY26)
5.0%
Debt / equity (FY26)
0.52
OCF / EBITDA (FY26)
122.8%
OCF / EBITDA (3Y)
102.9%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

ALICON (Alicon Castalloy) makes auto components for vehicle makers, selling mainly to two-wheeler, passenger vehicle and commercial vehicle manufacturers in India, with exports (including through its European operations) making up about a fifth of sales.

Company snapshot

66thBy market cap

Ranked among 94 companies in Auto Components & Equipments.

What we see

Positives
  • ✓103% of operating profit came in as cash over the last three years — profits are backed by real cash.
Concerns
  • ✗Net margin is very thin at 1.9% — little room for error if costs rise.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales381 Cr405 Cr419 Cr440 Cr464 Cr392 Cr425 Cr418 Cr428 Cr430 Cr495 Cr578 Cr
Operating expenses (approx.)335 Cr353 Cr362 Cr382 Cr408 Cr358 Cr378 Cr369 Cr373 Cr384 Cr449 Cr524 Cr
EBITDA46 Cr52 Cr58 Cr58 Cr56 Cr34 Cr47 Cr49 Cr55 Cr46 Cr46 Cr54 Cr
OPM %12.1%12.9%13.7%13.1%12.1%8.7%11.0%11.7%12.8%10.8%9.2%9.4%
Other income0.75 Cr0.78 Cr1 Cr0.74 Cr0.77 Cr0.83 Cr1 Cr0.76 Cr0.72 Cr0.72 Cr0.52 Cr1 Cr
Interest10 Cr10 Cr11 Cr10 Cr11 Cr11 Cr12 Cr10 Cr10 Cr9 Cr9 Cr10 Cr
Depreciation18 Cr20 Cr21 Cr22 Cr23 Cr24 Cr22 Cr25 Cr27 Cr27 Cr27 Cr27 Cr
Profit before tax19 Cr23 Cr27 Cr25 Cr23 Cr1 Cr13 Cr13 Cr19 Cr6 Cr10 Cr18 Cr
Tax %22.4%26.0%25.0%25.3%25.3%25.6%26.3%26.0%27.0%41.2%19.9%37.3%
Net profit15 Cr17 Cr21 Cr19 Cr17 Cr0.78 Cr10 Cr9 Cr14 Cr3 Cr8 Cr11 Cr
EPS (₹)₹9.00₹10.39₹12.75₹11.76₹10.34₹0.48₹5.80₹5.71₹8.50₹2.01₹4.86₹7.02

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales865 Cr1,038 Cr1,182 Cr957 Cr849 Cr1,078 Cr1,401 Cr1,559 Cr1,720 Cr1,776 CrSign in free for the trailing twelve months
Operating expenses (approx.)780 Cr930 Cr1,042 Cr851 Cr765 Cr966 Cr1,248 Cr1,364 Cr1,526 Cr1,581 CrSign in free for the trailing twelve months
EBITDA85 Cr108 Cr139 Cr106 Cr83 Cr112 Cr153 Cr195 Cr194 Cr195 CrSign in free for the trailing twelve months
OPM %9.8%10.4%11.8%11.1%9.8%10.4%10.9%12.5%11.3%11.0%Sign in free for the trailing twelve months
Other income4 Cr9 Cr10 Cr3 Cr3 Cr3 Cr3 Cr4 Cr3 Cr9 CrSign in free for the trailing twelve months
Interest26 Cr30 Cr35 Cr39 Cr36 Cr30 Cr31 Cr41 Cr45 Cr43 CrSign in free for the trailing twelve months
Depreciation27 Cr32 Cr38 Cr44 Cr49 Cr53 Cr64 Cr78 Cr91 Cr106 CrSign in free for the trailing twelve months
Profit before tax35 Cr56 Cr76 Cr27 Cr1 Cr33 Cr65 Cr81 Cr62 Cr47 CrSign in free for the trailing twelve months
Tax %30.4%30.4%30.3%36.5%277.9%27.2%12.0%24.2%25.4%26.9%Sign in free for the trailing twelve months
Net profit25 Cr39 Cr53 Cr17 Cr-2 Cr24 Cr57 Cr61 Cr46 Cr34 CrSign in free for the trailing twelve months
EPS (₹)₹21.35₹29.52₹39.31₹12.64₹-1.39₹15.68₹31.92₹38.04₹28.36₹21.09Sign in free for the trailing twelve months
Dividend payout %—————0.0%0.0%17.6%26.2%26.1%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital6 Cr7 Cr7 Cr7 Cr7 Cr8 Cr8 Cr8 Cr8 Cr8 Cr
Reserves155 Cr246 Cr301 Cr308 Cr310 Cr441 Cr480 Cr547 Cr585 Cr620 Cr
Borrowings226 Cr242 Cr281 Cr336 Cr317 Cr261 Cr301 Cr306 Cr346 Cr325 Cr
Other liabilities198 Cr285 Cr285 Cr251 Cr273 Cr292 Cr299 Cr369 Cr356 Cr488 Cr
Total liabilities585 Cr780 Cr874 Cr901 Cr907 Cr1,002 Cr1,088 Cr1,230 Cr1,295 Cr1,442 Cr
Fixed assets (net)255 Cr286 Cr338 Cr355 Cr344 Cr356 Cr366 Cr399 Cr449 Cr518 Cr
CWIP9 Cr5 Cr13 Cr23 Cr21 Cr19 Cr16 Cr12 Cr54 Cr58 Cr
Investments0.0080 Cr0.0062 Cr3 Cr3 Cr2 Cr2 Cr5 Cr17 Cr7 Cr7 Cr
Loans & advances——0.30 Cr0.51 Cr1 Cr0.35 Cr0.0063 Cr0.13 Cr0 Cr0 Cr
Inventories65 Cr90 Cr120 Cr106 Cr125 Cr131 Cr153 Cr136 Cr134 Cr161 Cr
Trade receivables184 Cr301 Cr338 Cr338 Cr323 Cr396 Cr441 Cr523 Cr498 Cr535 Cr
Cash & bank9 Cr9 Cr8 Cr4 Cr15 Cr11 Cr12 Cr11 Cr11 Cr19 Cr
Other assets63 Cr89 Cr55 Cr72 Cr74 Cr85 Cr94 Cr133 Cr142 Cr144 Cr
Total assets585 Cr780 Cr874 Cr901 Cr907 Cr1,002 Cr1,088 Cr1,230 Cr1,295 Cr1,442 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity35 Cr41 Cr102 Cr57 Cr112 Cr77 Cr87 Cr157 Cr205 Cr239 Cr
Cash from investing-60 Cr-63 Cr-96 Cr-68 Cr-47 Cr-72 Cr-82 Cr-107 Cr-183 Cr-143 Cr
Cash from financing23 Cr22 Cr-7 Cr6 Cr-54 Cr-9 Cr-4 Cr-51 Cr-22 Cr-90 Cr
Net cash flow-2 Cr0.20 Cr-1 Cr-4 Cr12 Cr-4 Cr0.71 Cr-0.70 Cr0.27 Cr7 Cr
Free cash flow (OCF − Capex)-26 Cr-20 Cr3 Cr-13 Cr74 Cr18 Cr87 Cr157 Cr22 Cr107 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %15.9%17.3%18.9%10.2%5.9%8.9%12.2%14.1%11.3%9.4%
ROE %15.3%15.3%17.2%5.4%-0.6%5.4%11.7%11.0%7.7%5.5%
Debtor days77106104129139134115122105110
Inventory days616469871159281675761
Days payable119130106125143149116121104132
Cash conversion cycle193967911107779685838
OCF / EBITDA %41.4%37.7%73.0%53.9%134.9%68.6%56.6%80.6%105.5%122.8%
OCF / EBITDA % (3 years)——53.4%56.5%82.5%81.7%79.1%69.7%82.7%102.9%
Debt / equity1.400.960.911.071.000.580.620.550.580.52
Current ratio0.881.031.091.141.211.401.351.351.221.11
Net debt / EBITDA2.552.151.963.133.622.221.881.511.721.57