Declared Dividend • May 14
Final dividend reduced to ₹2.00 Dividend of ₹2.00 is 20% lower than last year. Ex-date: 19th May 2026 Payment date: 11th June 2026 Dividend yield will be 0.8%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has increased by an average of 6.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 13
Full year 2026 earnings released: EPS: ₹21.09 (vs ₹28.36 in FY 2025) Full year 2026 results: EPS: ₹21.09 (down from ₹28.36 in FY 2025). Revenue: ₹17.8b (up 3.7% from FY 2025). Net income: ₹344.4m (down 25% from FY 2025). Profit margin: 1.9% (down from 2.7% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • May 02
Alicon Castalloy Limited to Report Q4, 2026 Results on May 12, 2026 Alicon Castalloy Limited announced that they will report Q4, 2026 results on May 12, 2026 Buy Or Sell Opportunity • Mar 23
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 28% to ₹607. The fair value is estimated to be ₹778, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has declined by 11%. Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: ₹2.02 (vs ₹0.48 in 3Q 2025) Third quarter 2026 results: EPS: ₹2.02 (up from ₹0.48 in 3Q 2025). Revenue: ₹4.31b (up 9.9% from 3Q 2025). Net income: ₹33.0m (up 322% from 3Q 2025). Profit margin: 0.8% (up from 0.2% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Jan 30
Alicon Castalloy Limited to Report Q3, 2026 Results on Feb 13, 2026 Alicon Castalloy Limited announced that they will report Q3, 2026 results on Feb 13, 2026 Reported Earnings • Nov 07
Second quarter 2026 earnings released: EPS: ₹8.50 (vs ₹10.34 in 2Q 2025) Second quarter 2026 results: EPS: ₹8.50 (down from ₹10.34 in 2Q 2025). Revenue: ₹4.29b (down 7.5% from 2Q 2025). Net income: ₹138.9m (down 17% from 2Q 2025). Profit margin: 3.2% (down from 3.6% in 2Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 9.2% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹989, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 30x in the Auto Components industry in India. Total returns to shareholders of 15% over the past three years. Announcement • Oct 18
Alicon Castalloy Limited to Report Q2, 2026 Results on Nov 06, 2025 Alicon Castalloy Limited announced that they will report Q2, 2026 results on Nov 06, 2025 Upcoming Dividend • Sep 08
Upcoming dividend of ₹3.00 per share Eligible shareholders must have bought the stock before 15 September 2025. Payment date: 19 October 2025. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.3%). In line with average of industry peers (0.6%). Board Change • Aug 29
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Independent Director Sujatha Narayan was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Aug 11
Dividend reduced to ₹3.00 Dividend of ₹3.00 is 33% lower than last year. Ex-date: 12th September 2025 Payment date: 19th October 2025 Dividend yield will be 0.7%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (20% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 53% over the next year, which should provide support to the dividend and adequate earnings cover. New Risk • Aug 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.7% average weekly change). Profit margins are more than 30% lower than last year (2.1% net profit margin). Announcement • Aug 08
Alicon Castalloy Limited, Annual General Meeting, Sep 19, 2025 Alicon Castalloy Limited, Annual General Meeting, Sep 19, 2025. Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: ₹5.71 (vs ₹11.76 in 1Q 2025) First quarter 2026 results: EPS: ₹5.71 (down from ₹11.76 in 1Q 2025). Revenue: ₹4.19b (down 4.8% from 1Q 2025). Net income: ₹93.1m (down 51% from 1Q 2025). Profit margin: 2.2% (down from 4.3% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 1% per year. Announcement • Jul 22
Alicon Castalloy Limited to Report Q1, 2026 Results on Aug 07, 2025 Alicon Castalloy Limited announced that they will report Q1, 2026 results on Aug 07, 2025 Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹901, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 26x in the Auto Components industry in India. Total returns to shareholders of 37% over the past three years. Reported Earnings • May 13
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: ₹28.36 (down from ₹38.09 in FY 2024). Revenue: ₹17.2b (up 11% from FY 2024). Net income: ₹460.6m (down 25% from FY 2024). Profit margin: 2.7% (down from 3.9% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) also missed analyst estimates by 44%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 9.3% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • May 13
Alicon Castalloy Limited Declares Interim Dividend for the Financial Year 2024-2025 Alicon Castalloy Limited at its board of directors meeting held on 12 May, 2025 Declared an interim dividend of INR 2.5/- per Equity Share of INR 5/- each (50%) for the Financial Year 2024-2025. For the purpose of determining the entitlement, May 17, 2025 is fixed as record date. Announcement • Apr 25
Alicon Castalloy Limited to Report Q4, 2025 Results on May 12, 2025 Alicon Castalloy Limited announced that they will report Q4, 2025 results on May 12, 2025 Announcement • Apr 02
Alicon Castalloy Limited Announces Cessation of Ajay Nanavati as Independent Director with Effect from April 29, 2025 Alicon Castalloy Limited announced Mr. Ajay Nanavati will ceased to be an Independent Director with effect from April 29, 2025, since second term of five years as an Independent Director shall expire on April 29, 2025. Ajay is a seasoned global executive with 40+ years of multi-country, multi- business, cross-functional experience. He joined 3M in India in 1988 as its first employee and was responsible for forming the JV & launching the IPO. In the subsequent 28 years with 3M he held positions of increasing responsibility in Singapore (APAC), Austin TX, St, Paul MN & Israel before returning to India in 2008 as the first Indian MD of 3M's only international public company. During his tenure he doubled revenues, quadrupled market cap, built a global R&D center and accelerated local manufacturing with four new factories His experience spans multiple global acquisitions, leading cross-cultural teams and launching numerous new businesses. He retired as Chairman of Syndicate Bank & is currently Chairman, Quantum Advisors Pvt. Ltd, Chairman, Alicon Castalloy Ltd. Independent Director Barbeque Nation Ltd. Ltd. & an angel investor in several start-ups. He was on board of the Center for Corporate Governance at IIMB, and is currently on the board of the CII Institute of Quality, member of CII national corporate governance council & faculty for Indian Institute of Corporate Affairs. Ajay holds a degree in Chemical Engineering from Virginia Tech., USA. Announcement • Mar 29
Alicon Castalloy Limited Announces Resignation of Amruta Joshi as the Company Secretary and Compliance Officer, Effective March 22, 2025 Alicon Castalloy Limited announced that the Board of Directors in its meeting held on March 28, 2025 has accepted the resignation of Ms. Amruta Joshi as the Company Secretary and Compliance Officer. Date of cessation is March 22, 2025. Recent Insider Transactions • Mar 07
Executive Director & MD recently bought ₹1.0m worth of stock On the 28th of February, Shailendrajit Rai bought around 1k shares on-market at roughly ₹757 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₹2.8m. Despite this recent purchase, insiders have collectively sold ₹353m more in shares than they bought in the last 12 months. Recent Insider Transactions • Feb 20
Executive Director & MD recently bought ₹2.8m worth of stock On the 17th of February, Shailendrajit Rai bought around 3k shares on-market at roughly ₹819 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold ₹357m more in shares than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹821, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 24x in the Auto Components industry in India. Total returns to shareholders of 4.5% over the past three years. Reported Earnings • Feb 11
Third quarter 2025 earnings released: EPS: ₹0.48 (vs ₹10.39 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.48 (down from ₹10.39 in 3Q 2024). Revenue: ₹3.93b (down 3.0% from 3Q 2024). Net income: ₹7.81m (down 95% from 3Q 2024). Profit margin: 0.2% (down from 4.1% in 3Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Jan 20
Alicon Castalloy Limited to Report Q3, 2025 Results on Feb 10, 2025 Alicon Castalloy Limited announced that they will report Q3, 2025 results on Feb 10, 2025 Recent Insider Transactions • Dec 16
Group Chief Financial Officer recently sold ₹12m worth of stock On the 13th of December, Vimal Gupta sold around 10k shares on-market at roughly ₹1,186 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹259m. Vimal has been a net seller over the last 12 months, reducing personal holdings by ₹92m. Recent Insider Transactions • Dec 02
Group Chief Financial Officer recently sold ₹16m worth of stock On the 29th of November, Vimal Gupta sold around 15k shares on-market at roughly ₹1,068 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹259m. Vimal has been a net seller over the last 12 months, reducing personal holdings by ₹80m. Major Estimate Revision • Nov 21
Consensus EPS estimates fall by 16% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from ₹59.70 to ₹50.20. Revenue forecast unchanged from ₹18.2b at last update. Net income forecast to grow 37% next year vs 26% growth forecast for Auto Components industry in India. Consensus price target down from ₹1,634 to ₹1,391. Share price fell 6.2% to ₹1,133 over the past week. Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: ₹10.34 (vs ₹9.00 in 2Q 2024) Second quarter 2025 results: EPS: ₹10.34 (up from ₹9.00 in 2Q 2024). Revenue: ₹4.65b (up 22% from 2Q 2024). Net income: ₹168.1m (up 16% from 2Q 2024). Profit margin: 3.6% (down from 3.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Nov 13
Alicon Castalloy Limited to Report Q2, 2025 Results on Nov 14, 2024 Alicon Castalloy Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Announcement • Oct 15
Alicon Castalloy Limited Announces Retirement of Veena Mankar as Independent Director Alicon Castalloy Limited announced that the tenure of office of Ms. Veena Mankar as Independent Director of the Company shall expire on closing of business hours of 14th October, 2024. Announcement • Oct 14
Alicon Castalloy Limited Announces Directorate Appointments Board of Directors of Alicon Castalloy Limited has appointed Mr. Ajay Shriram Patil (DIN: 01217000) and Ms. Bijal Ajinkya (DIN: 01976832) as Additional Director-Independent of the Company with immediate effect (14th October, 2024). He has over 30+ years of global experience. Currently, he serves as the VP and Group CFO for Cummins India, overseeing 14 legal entities including public companies and joint ventures. He has expertise in managing global businesses, financial management, business transformation, corporate governance, risk management and strategic profitable growth. He is member of Advisory Board of IIT Madras Energy Consortium, Member of the Advisory Board of SP Jain Institute of Executive Management Education, Convenor of CII Pune Zone Finance Panel and Trustee of Cummins India Foundation. She is a partner in the Direct Tax, Private Client and Investment Funds practice groups in the Mumbai office with over 23 years of experience. On the tax side, Bijal primarily focuses on international tax, structuring of inbound and outbound investments, tax structuring of flip, SPAC transactions, complex M&A tax negotiations, tax insurance, WNI insurance, providing opinions on complex tax issues on international tax, GAAR, POEM, PE, & MFN, etc. On the tax litigation front, she has immense experience in providing advice on unique litigation strategies and has been a lead advisor in many successful and path breaking tax litigations in India. Recent Insider Transactions • Oct 09
Group Chief Financial Officer recently sold ₹5.0m worth of stock On the 30th of September, Vimal Gupta sold around 4k shares on-market at roughly ₹1,317 per share. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹259m. Vimal has been a net seller over the last 12 months, reducing personal holdings by ₹65m. Announcement • Sep 28
Alicon Castalloy Limited Appoints Alfred Knecht as Non-Executive, Independent Director Alicon Castalloy Limited announced the appointment of Mr. Alfred Knecht as Non-executive, Independent director, at the AGM held on September 27, 2024. Recent Insider Transactions • Sep 25
Group Chief Executive Officer recently sold ₹259m worth of stock On the 23rd of September, Rajeev Sikand sold around 200k shares on-market at roughly ₹1,296 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Rajeev's only on-market trade for the last 12 months. Upcoming Dividend • Sep 12
Upcoming dividend of ₹4.50 per share Eligible shareholders must have bought the stock before 19 September 2024. Payment date: 27 October 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.0%). In line with average of industry peers (0.5%). Recent Insider Transactions • Aug 31
Executive Director & MD recently bought ₹2.3m worth of stock On the 27th of August, Shailendrajit Rai bought around 2k shares on-market at roughly ₹1,448 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold ₹31m more in shares than they bought in the last 12 months. Declared Dividend • Aug 10
Dividend of ₹4.50 announced Shareholders will receive a dividend of ₹4.50. Ex-date: 19th September 2024 Payment date: 27th October 2024 Dividend yield will be 0.6%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 80% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: ₹11.76 (vs ₹5.89 in 1Q 2024) First quarter 2025 results: EPS: ₹11.76 (up from ₹5.89 in 1Q 2024). Revenue: ₹4.41b (up 25% from 1Q 2024). Net income: ₹190.4m (up 100% from 1Q 2024). Profit margin: 4.3% (up from 2.7% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 16% per year. Announcement • Aug 02
Alicon Castalloy Limited to Report Q1, 2025 Results on Aug 08, 2024 Alicon Castalloy Limited announced that they will report Q1, 2025 results on Aug 08, 2024 Recent Insider Transactions • Jun 28
Group Chief Financial Officer recently sold ₹14m worth of stock On the 24th of June, Vimal Gupta sold around 11k shares on-market at roughly ₹1,267 per share. This transaction amounted to 6.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Vimal has been a net seller over the last 12 months, reducing personal holdings by ₹18m. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,223, the stock trades at a trailing P/E ratio of 32.4x. Average trailing P/E is 30x in the Auto Components industry in India. Total returns to shareholders of 122% over the past three years. Valuation Update With 7 Day Price Move • May 23
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹1,069, the stock trades at a trailing P/E ratio of 28.4x. Average forward P/E is 27x in the Auto Components industry in India. Total returns to shareholders of 89% over the past three years. Price Target Changed • May 22
Price target increased by 23% to ₹1,225 Up from ₹999, the current price target is provided by 1 analyst. New target price is 25% above last closing price of ₹984. Stock is up 32% over the past year. The company posted earnings per share of ₹38.04 last year. Reported Earnings • May 18
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: ₹38.04 (up from ₹31.92 in FY 2023). Revenue: ₹15.6b (up 12% from FY 2023). Net income: ₹612.8m (up 19% from FY 2023). Profit margin: 3.9% (up from 3.7% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.8%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Declared Dividend • May 18
Final dividend of ₹6.00 announced Shareholders will receive a dividend of ₹6.00. Ex-date: 31st May 2024 Payment date: 15th June 2024 Dividend yield will be 1.0%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (12% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend. Announcement • May 11
Alicon Castalloy Limited to Report Q4, 2024 Results on May 16, 2024 Alicon Castalloy Limited announced that they will report Q4, 2024 results on May 16, 2024 Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: ₹10.39 (vs ₹9.69 in 3Q 2023) Third quarter 2024 results: EPS: ₹10.39 (up from ₹9.69 in 3Q 2023). Revenue: ₹4.06b (up 12% from 3Q 2023). Net income: ₹167.4m (up 7.3% from 3Q 2023). Profit margin: 4.1% (down from 4.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Announcement • Feb 03
Alicon Castalloy Limited to Report Q3, 2024 Results on Feb 09, 2024 Alicon Castalloy Limited announced that they will report Q3, 2024 results on Feb 09, 2024 Announcement • Nov 08
Alicon Castalloy Limited Has Appoints Amruta Joshi as Company Secretary and Compliance Officer Alicon Castalloy Limited has approved the appointment of Ms. Amruta Joshi (ACS 34898) as Company Secretary and Compliance officer (Key Managerial Personnel) of the Company with effect from 6 November 2023. Reported Earnings • Nov 07
Second quarter 2024 earnings released: EPS: ₹9.00 (vs ₹9.52 in 2Q 2023) Second quarter 2024 results: EPS: ₹9.00 (down from ₹9.52 in 2Q 2023). Revenue: ₹3.82b (up 1.2% from 2Q 2023). Net income: ₹145.1m (down 5.5% from 2Q 2023). Profit margin: 3.8% (down from 4.1% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Announcement • Oct 31
Alicon Castalloy Limited to Report Q2, 2024 Results on Nov 06, 2023 Alicon Castalloy Limited announced that they will report Q2, 2024 results on Nov 06, 2023 Announcement • Sep 21
Alicon Castalloy Limited Approves Final Dividend for the Financial Year Ended March 31, 2023 Alicon Castalloy Limited announced that at its AGM held on 20 September, 2023, Confirmed payment of Interim Dividend of INR 2.50 per Equity Share of INR 5/- each and declared Final Dividend of INR 3. 75 per Equity Share of INR 5/- each for the financial year ended March 31, 2023. Recent Insider Transactions • Sep 20
Group Chief Financial Officer recently sold ₹1.1m worth of stock On the 13th of September, Vimal Gupta sold around 1k shares on-market at roughly ₹854 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹4.7m. Vimal has been a net seller over the last 12 months, reducing personal holdings by ₹29m. Upcoming Dividend • Sep 07
Upcoming dividend of ₹3.75 per share at 0.9% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 05 October 2023. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Indian dividend payers (1.3%). In line with average of industry peers (0.8%). Price Target Changed • Aug 26
Price target increased by 18% to ₹999 Up from ₹847, the current price target is provided by 1 analyst. New target price is 19% above last closing price of ₹842. Stock is up 5.1% over the past year. The company is forecast to post earnings per share of ₹43.50 for next year compared to ₹31.92 last year. Announcement • Aug 25
Alicon Castalloy Limited, Annual General Meeting, Sep 20, 2023 Alicon Castalloy Limited, Annual General Meeting, Sep 20, 2023. Recent Insider Transactions • Aug 12
Group Chief Financial Officer recently sold ₹1.4m worth of stock On the 7th of August, Vimal Gupta sold around 2k shares on-market at roughly ₹859 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹4.7m. Vimal has been a net seller over the last 12 months, reducing personal holdings by ₹28m. Announcement • Jul 30
Alicon Castalloy Limited Announces Resignation of Veena Viadya as Company Secretary and Compliance Officer Alicon Castalloy Limited announced that Ms. Veena Viadya as resigned as company secretary and compliance officer of the company with effect from closing of business hours of 28 July 2023. Announcement • Jul 27
Alicon Castalloy Limited Recommends Final Dividend for the Fiscal Year 2023 Alicon Castalloy Limited at its board meeting held on July 25, 2023, recommended final dividend of INR 3.75 per Equity Share of INR 5 each (75%) for the fiscal year 2023. The final dividend, if declared by the Shareholders in the upcoming AGM will be paid to the eligible shareholders on or before 30th day from the date of Annual General Meeting. The total dividend for the fiscal year will be INR 6.25 per share, that is 125%. New Risk • Jul 27
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 202% Dividend yield: 0.8% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risks Dividend is not well covered by cash flows (202% cash payout ratio). Significant insider selling over the past 3 months (₹9.0m sold). Reported Earnings • Jul 26
First quarter 2024 earnings released: EPS: ₹5.89 (vs ₹6.68 in 1Q 2023) First quarter 2024 results: EPS: ₹5.89 (down from ₹6.68 in 1Q 2023). Revenue: ₹3.55b (up 3.4% from 1Q 2023). Net income: ₹94.9m (down 12% from 1Q 2023). Profit margin: 2.7% (down from 3.1% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. Announcement • Jul 15
Alicon Castalloy Limited to Report Q1, 2024 Results on Jul 25, 2023 Alicon Castalloy Limited announced that they will report Q1, 2024 results at 12:15 PM, Indian Standard Time on Jul 25, 2023 Recent Insider Transactions • Jul 08
Group Chief Financial Officer recently sold ₹2.1m worth of stock On the 30th of June, Vimal Gupta sold around 3k shares on-market at roughly ₹812 per share. This transaction amounted to 2.1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹4.7m. Vimal has been a net seller over the last 12 months, reducing personal holdings by ₹27m. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹877, the stock trades at a trailing P/E ratio of 27.5x. Average trailing P/E is 26x in the Auto Components industry in India. Total returns to shareholders of 219% over the past three years. New Risk • Jul 02
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: ₹7.0m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (3.0x net interest cover). Earnings have declined by 1.7% per year over the past 5 years. Minor Risk Significant insider selling over the past 3 months (₹7.0m sold). Recent Insider Transactions • Jun 28
Group Chief Financial Officer recently sold ₹4.7m worth of stock On the 23rd of June, Vimal Gupta sold around 6k shares on-market at roughly ₹763 per share. This transaction amounted to 4.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Vimal has been a net seller over the last 12 months, reducing personal holdings by ₹24m. Announcement • May 19
Alicon Castalloy Limited Declares an Interim Dividend Alicon Castalloy Limited declared an interim dividend of INR 2.50 per Equity Share. Reported Earnings • May 18
Full year 2023 earnings released: EPS: ₹31.92 (vs ₹15.68 in FY 2022) Full year 2023 results: EPS: ₹31.92 (up from ₹15.68 in FY 2022). Revenue: ₹14.0b (up 30% from FY 2022). Net income: ₹514.2m (up 113% from FY 2022). Profit margin: 3.7% (up from 2.2% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹808, the stock trades at a trailing P/E ratio of 23.7x. Average trailing P/E is 23x in the Auto Components industry in India. Total returns to shareholders of 320% over the past three years. Recent Insider Transactions • Mar 26
Group Chief Financial Officer recently sold ₹2.7m worth of stock On the 21st of March, Vimal Gupta sold around 4k shares on-market at roughly ₹720 per share. This transaction amounted to 2.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Vimal has been a net seller over the last 12 months, reducing personal holdings by ₹26m. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: ₹9.69 (vs ₹7.54 in 3Q 2022) Third quarter 2023 results: EPS: ₹9.69 (up from ₹7.54 in 3Q 2022). Revenue: ₹3.61b (up 30% from 3Q 2022). Net income: ₹156.1m (up 28% from 3Q 2022). Profit margin: 4.3% (down from 4.4% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Announcement • Jan 31
Alicon Castalloy Limited to Report Q3, 2023 Results on Feb 10, 2023 Alicon Castalloy Limited announced that they will report Q3, 2023 results on Feb 10, 2023 Recent Insider Transactions • Dec 28
Group Chief Financial Officer recently sold ₹2.2m worth of stock On the 22nd of December, Vimal Gupta sold around 2k shares on-market at roughly ₹964 per share. This transaction amounted to 1.5% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹8.8m. Vimal has been a net seller over the last 12 months, reducing personal holdings by ₹24m. Recent Insider Transactions • Nov 24
Group Chief Financial Officer recently sold ₹4.2m worth of stock On the 21st of November, Vimal Gupta sold around 4k shares on-market at roughly ₹1,051 per share. This transaction amounted to 2.5% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹8.8m. Vimal has been a net seller over the last 12 months, reducing personal holdings by ₹21m. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improved over the past week After last week's 17% share price gain to ₹1,070, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 20x in the Auto Components industry in India. Total returns to shareholders of 186% over the past three years. Price Target Changed • Nov 16
Price target increased to ₹940 Up from ₹847, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of ₹989. Stock is up 24% over the past year. The company is forecast to post earnings per share of ₹45.30 for next year compared to ₹15.68 last year. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. Non-Executive Independent Director Veena Mankar was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Nov 05
Alicon Castalloy Limited to Report Q2, 2023 Results on Nov 14, 2022 Alicon Castalloy Limited announced that they will report Q2, 2023 results on Nov 14, 2022 Board Change • Nov 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. Non-Executive Independent Director Veena Mankar was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Recent Insider Transactions • Oct 05
Group Chief Financial Officer recently sold ₹8.8m worth of stock On the 30th of September, Vimal Gupta sold around 10k shares on-market at roughly ₹867 per share. This transaction amounted to 6.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Vimal has been a net seller over the last 12 months, reducing personal holdings by ₹17m. Announcement • Sep 30
Alicon Castalloy Limited Approves Dividend for the Financial Year Ended March 31, 2022 Alicon Castalloy Limited at its Annual a general meeting held on September 27, 2022, approved dividend of INR 2.25 per share of INR 5/- each for the Financial Year ended March 31, 2022. Upcoming Dividend • Sep 12
Upcoming dividend of ₹2.25 per share Eligible shareholders must have bought the stock before 19 September 2022. Payment date: 27 October 2022. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.6%). Lower than average of industry peers (0.6%). Announcement • Sep 03
Alicon Castalloy Limited, Annual General Meeting, Sep 27, 2022 Alicon Castalloy Limited, Annual General Meeting, Sep 27, 2022, at 11:00 Indian Standard Time. Agenda: To consider Audited Standalone and consolidated Balance Sheet as on 31st March 2022 and Statement of Profit & Loss for the year ended on that date together with the reports of the Board of Directors and the Auditors thereon; and to declare dividend for the financial year 2021-22; to appoint a Director in place of Mrs. Pamela Rai who retires by rotation, but being eligible, offers herself for reappointment; to appoint Auditors and fix their remuneration; and to consider other matter. Reported Earnings • Aug 14
First quarter 2023 earnings released: EPS: ₹6.68 (vs ₹3.00 loss in 1Q 2022) First quarter 2023 results: EPS: ₹6.68 (up from ₹3.00 loss in 1Q 2022). Revenue: ₹3.44b (up 63% from 1Q 2022). Net income: ₹107.7m (up ₹149.6m from 1Q 2022). Profit margin: 3.1% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 23%, compared to a 17% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 12
Alicon Castalloy Limited Appoints Veena Vaidya as Company Secretary and Compliance Officer of the Company The board of directors of Alicon Castalloy Limited in its Meeting held on August 11, 2022, As recommended by the Nomination and Remuneration Committee, the Board of Directors appointed Ms. Veena Vaidya as the Company Secretary and Compliance Officer of the Company. Announcement • Aug 03
Alicon Castalloy Limited to Report Q1, 2023 Results on Aug 11, 2022 Alicon Castalloy Limited announced that they will report Q1, 2023 results at 12:15 PM, Indian Standard Time on Aug 11, 2022 Recent Insider Transactions • Jun 23
Group Chief Financial Officer recently sold ₹1.8m worth of stock On the 16th of June, Vimal Gupta sold around 3k shares on-market at roughly ₹623 per share. This was the largest sale by an insider in the last 3 months. Vimal has been a seller over the last 12 months, reducing personal holdings by ₹80m. Announcement • Jun 12
Alicon Castalloy Limited Announces Resignation of Swapnal Patane as Company Secretary / Compliance Officer Alicon Castalloy Limited announced that Ms. Swapnal Patane has resigned from the post of Company Secretary & Compliance Officer of the Company due to her personal reasons. She is relieved from her duty on close of the working hours on June 10, 2022. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹619, the stock trades at a trailing P/E ratio of 42x. Average trailing P/E is 22x in the Auto Components industry in India. Total returns to shareholders of 6.7% over the past three years. 
