Alicon Castalloy Limited
ALICON.BO
Bombay Stock Exchange654.40
INR
+4.00
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Alicon Castalloy Limited
ALICON.BO
(Bombay Stock Exchange)
Recent
price
654.40
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Alicon Castalloy Limited, an India-based integrated aluminum casting manufacturer, provides end-to-end solutions spanning design, engineering, casting, machining, assembly, painting, and surface treatment of aluminum components for diverse industries including automotive, e-mobility, agriculture, energy, marine, medical, defense, infrastructure, locomotive, and aerospace. Incorporated in 1990 and headquartered in Pune, Maharashtra, with manufacturing facilities in India and Europe (Slovakia and Austria), the company offers a broad portfolio of products such as 2- and 4-wheeler cylinder heads, fully finished cylinder heads, transcradles, motor and compressor housings, inlet pipes, motor stators, CAC tanks, controller and distributor housings, battery trays, swing arms, cooling/junction boxes, inverter casings, transmission cases, e-axles, top yokes/bridge fork tops, suspension, chassis, and brake parts; it pioneered Low Pressure Die Casting (LPDC) and Gravity Die Casting (GDC) processes in India and operates one of the country's largest aluminum foundries. The company exports to approximately 18 countries, including the United States and United Kingdom, with global operations contributing around 21% of revenue. In recent developments, Alicon Castalloy secured its largest-ever multi-year order from a global customer for an e-mobility platform, along with orders from JLR for e-axles slated to commence in FY25; it expanded its portfolio with nine new parts in Q2 FY24, including structural components for European customers and a part from Danfoss, while ramping up volumes for EV-related programs and initiating supplies from Europe with plans to transition production to India for mass volumes from FY26. The company reported a robust order book of INR 90 billion from new programs to be executed over the next six years, driving capex of INR 4-4.5 billion, and enhanced its European capabilities with new machinery for parts up to two meters and strengthened teams for project engineering; FY24 saw new business wins totaling INR 15 billion, elevating utilization at its Slovakian facility and boosting the share of passenger and commercial vehicles in the mix amid EV growth, where aluminum content is projected to rise significantly from 18kg in ICE vehicles to 100kg in EVs.