912.00 22.55 (2.54%)

Near 52W High

50,240 NSE+BSE Volume High vol.+gain this week

NSEDec 08, 2021 03:31 PM



Alicon Castalloy Ltd.    
23 Nov 2021
912.00
2.54%
Alicon Castalloy Ltd.    
23 Nov 2021
912.00
2.54%
Alicon Castalloy Ltd.    
22 Nov 2021
912.00
2.54%
Buy Alicon Castalloy: target of Rs 1056: Sharekhan
Buy Alicon Castalloy: target of Rs 1056: Sharekhan
Moneycontrol
Sharekhan is bullish on Alicon Castalloy has recommended buy rating on the stock with a target price of Rs 1056 in its research report dated November 18, 2021.
Alicon Castalloy Ltd. has gained 65.22% in the last 6 Months
Alicon Castalloy Ltd.    
17 Nov 2021
912.00
2.54%
Alicon Castalloy Ltd.    
15 Nov 2021
912.00
2.54%

Highlights:

  •  Q2 FY22 vs. Q2 FY21:
    • Total Income at Rs. 268.73 crore compared to Rs. 205.15 crore
    • EBITDA at Rs. 25.26 crore compared to Rs. 26.71 crore 
    • PBT at Rs. 4.66 crore as compared to Rs. 5.61 crore
    • Profit after Tax at Rs. 3.02 crore compared to Rs. 5.28 crore 
  • Q2 FY22 vs. Q1 FY22:
    • Total Income at Rs. 268.73 crore compared to Rs. 211.68 crore
    • EBITDA at Rs. 25.26 crore compared to Rs. 18.03 crore
    • PBT at Rs. 4.66 crore as compared to Rs. (3.22) crore 
    • Profit after Tax at Rs. 3.02 crore compared to Rs. (4.20) crore
  • H1 FY22 vs. H1 FY21:
    • Total Income at Rs. 480.41 crore compared to Rs. 258.81 crore 
    • EBITDA at Rs. 43.30 crore compared to Rs. 3.30 crore
    • PBT at Rs. 1.44 crore as compared to Rs. (39.11) crore
    • Profit after Tax at Rs. (1.17) crore compared to Rs. (38.71) crore

Commenting on the performance, Mr. Rajeev Sikand, Group CEO, Alicon Castalloy said, “In Q2, we witnessed a recovery in demand in the domestic markets on the back of improved economic activity, which translated to higher overall volumes during the quarter. This could have been better but for the shortage of semi-conductors which has constrained production schedules for our customers. There was also an element of higher pricing of alloys during the period. The combination of these factors has enabled us to report consolidated revenues of Rs. 268.7 crore during the quarter, higher by 31% YoY and 27% QoQ.

Increased volumes and the resultant operating leverage have enabled us to deliver improved profitability. However, the compression in margin is optical due to the higher base driven by increase in input prices. Our contracts with our customers enable a 100% pass-through and we are actively engaging with them to shorten the lag. This will enable more rapid transmission of input prices, thereby protecting our working capital and cash flow position to a considerable extent.

In this quarter, we have announced several order wins with multiple existing and new OEMS, which further strengthen the growth visibility in the years ahead. We are encouraged to share that incremental orders to be executed over the next 5 years now aggregate over Rs. 3,000 crore. Further, we have built a portfolio of over 65 live parts in the EV business. We are confident that EV revenues will contribute 25% of overall revenues by FY2025-26.  

While there are supply-side constraints in the shorter-term, from a longer run perspective, we are seeing very exciting times in the domestic auto industry. The recently announced PLI scheme along with the scrappage policy and FAME scheme work in favour of the domestic auto and auto components sectors in multiple ways. Even on the supply side, our ongoing interactions with our partners indicate that the RM issues are beginning to ease and with continual retail enquiries and the upcoming festive season, we remain positive that the volumes will see a steady uptick in the quarters ahead.” 

 

 

Result PDF

Alicon Castalloy Ltd. has gained 65.22% in the last 6 Months
Alicon Castalloy Ltd.    
12 Nov 2021
912.00
2.54%
Alicon Castalloy Ltd.    
12 Nov 2021
912.00
2.54%
Alicon Castalloy Ltd.    
11 Nov 2021
912.00
2.54%
Alicon Castalloy Limited - 531147 - The Unaudited Financial Results For The Second Quarter/Half Year Ended ...
BSE India
Pursuant to Regulation 30 of The SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wanted to inform that the Board of Directors, at its Meeting held on November 11, 2021, have inter-alia taken the following decisions: - 1. Considered and approved the unaudited financial results for the second quarter/half year ended on September 30, 2021. A copy of the consolidated and standalone unaudited financial results, statement of assets and liabilities and cash flow statement along with copy of Limited Review Report issued by the Statutory Auditors is enclosed herewith as per Regulation 33 (3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Alicon Castalloy Ltd.    
11 Nov 2021
912.00
2.54%
Alicon Castalloy Limited - 531147 - Board Meeting Outcome for Outcome Of Board Meeting Of Alicon ...
BSE India
Pursuant to Regulation 30 of The SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wanted to inform that the Board of Directors, at its Meeting held on November 11, 2021, have inter-alia taken the following decisions: - 1. Considered and approved the unaudited financial results for the second quarter/half year ended on September 30, 2021. A copy of the consolidated and standalone unaudited financial results, statement of assets and liabilities and cash flow statement along with copy of Limited Review Report issued by the Statutory Auditors is enclosed herewith as per Regulation 33 (3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Alicon Castalloy Ltd.    
08 Nov 2021, 10:51AM
912.00
2.54%
Alicon Castalloy Limited - 531147 - Intimation Of Conference Call For Investors And Analysts Under Regulation ...
BSE India
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby intimate that a conference call for investors and analysts is being organized by the Company on Friday, November 12, 2021 at 11:30 AM IST. The conference call will be initiated with a brief management discussion on the results for quarter and half year ended September 30, 2021 followed by an interactive Question & Answer session. Invite in this regard is attached for your information and record. You are requested to take note of the same.
15 Votes:
Buy66.67%
Sell20.0%
Hold13.33%
BUY
SELL
HOLD