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Last Updated on: 18 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 531147 | NSE: ALICON

Alicon Castalloy Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 15, 2024, 4:07 pm

Market Cap 1,962 Cr.
Current Price 1,206
High / Low1,543/776
Stock P/E26.8
Book Value 363
Dividend Yield0.62 %
ROCE14.5 %
ROE11.8 %
Face Value 5.00
PEG Ratio0.23

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Alicon Castalloy Ltd

Competitors of Alicon Castalloy Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Gujarat Intrux Ltd 161 Cr. 468647/23018.2 1793.63 %17.0 %12.3 % 10.0
Carnation Industries Ltd 4.86 Cr. 14.014.0/5.97 8.390.00 %%% 10.0
Captain Technocast Ltd 358 Cr. 351379/96.270.1 26.90.00 %19.4 %16.9 % 10.0
Nelcast Ltd 948 Cr. 109179/10530.7 61.30.37 %10.1 %8.05 % 2.00
Kirloskar Industries Ltd 4,734 Cr. 4,5476,699/3,17724.2 6,6430.29 %10.7 %5.41 % 10.0
Industry Average5,952.44 Cr1,040.3238.09808.170.64%19.43%14.17%7.00

All Competitor Stocks of Alicon Castalloy Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales211268279321343377361319354381405419440
Expenses194243246283306334320288315335353362382
Operating Profit17243338374342323946525858
OPM %8%9%12%12%11%11%12%10%11%12%13%14%13%
Other Income1111111111111
Interest97777789910101110
Depreciation13131314151616171818202122
Profit before tax-35131816201881219232725
Tax %30%35%10%25%32%25%12%-23%22%22%26%25%25%
Net Profit-43121311151610915172119
EPS in Rs-2.701.877.538.206.689.529.696.025.899.0110.3912.7511.71

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales5255337147497721,0131,1899578491,0781,4011,5591,645
Expenses4784796416716879051,0428517659651,2471,3641,432
Operating Profit465373788510814610683113154195214
OPM %9%10%10%10%11%11%12%11%10%10%11%13%13%
Other Income7423493333344
Interest11112022263035393630314142
Depreciation20212627273238444953647882
Profit before tax2225293235567625133628194
Tax %23%24%32%31%30%30%31%33%279%26%17%24%
Net Profit1719202225395317-224516171
EPS in Rs15.3517.4218.0418.1220.1428.9438.8212.36-1.3915.0131.9138.0343.86
Dividend Payout %13%14%17%21%21%22%18%10%0%15%20%20%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)11.76%5.26%10.00%13.64%56.00%35.90%-67.92%-111.76%1300.00%112.50%19.61%
Change in YoY Net Profit Growth (%)0.00%-6.50%4.74%3.64%42.36%-20.10%-103.82%-43.84%1411.76%-1187.50%-92.89%

Alicon Castalloy Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:11%
5 Years:6%
3 Years:22%
TTM:22%
Compounded Profit Growth
10 Years:12%
5 Years:3%
3 Years:223%
TTM:48%
Stock Price CAGR
10 Years:18%
5 Years:26%
3 Years:16%
1 Year:42%
Return on Equity
10 Years:11%
5 Years:8%
3 Years:10%
Last Year:12%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:44 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital6666677778888
Reserves86100123138155246301308310441480547582
Borrowings105114172190248268310357354265301331357
Other Liabilities122139176182176260256230236295299344390
Total Liabilities3193594765165857818749019071,0081,0881,2301,338
Fixed Assets142146180234258293337370366388408475483
CWIP1125212521232826252269
Investments0000000000335
Other Assets176212271280315483516508513594652731781
Total Assets3193594765165857818749019071,0081,0881,2301,338

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +411753693541102571127787157
Cash from Investing Activity +-21-24-79-57-60-63-96-68-47-72-82-107
Cash from Financing Activity +-22628-92322-76-55-9-4-51
Net Cash Flow-2-133-20-1-411-41-1

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-59.00-61.00-99.00-112.00-163.00-160.00-164.00-251.00-271.00-152.00-147.00-136.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days7085808287116104129139136115122
Inventory Days5163644862667379119887866
Days Payable98121116116120135112114148145100119
Cash Conversion Cycle2328281428476595110799369
Working Capital Days14313227486169101115998985
ROCE %17%17%19%17%17%18%19%10%6%9%12%15%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters55.71%55.71%55.71%55.71%55.72%55.72%55.72%55.72%55.72%55.72%55.72%55.20%
FIIs0.00%0.07%0.04%0.00%0.10%0.02%0.10%0.09%0.07%0.25%0.37%0.76%
DIIs9.45%9.78%9.42%9.13%8.40%8.50%8.52%8.51%8.81%9.00%9.00%9.16%
Public34.84%34.44%34.82%35.15%35.79%35.78%35.68%35.68%35.40%35.02%34.91%34.87%
No. of Shareholders9,4209,0139,8959,9759,63710,1069,93210,66011,50611,53910,59212,864

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Bandhan Small Cap Fund279,3100.5536.79279,3102024-11-150%
LIC MF Flexi Cap Fund83,2670.9910.97279,3102024-11-15-70.19%
Bandhan Transportation and Logistics Fund75,0001.669.88279,3102024-11-15-73.15%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)38.0431.9215.68-1.3912.41
Diluted EPS (Rs.)37.7131.9215.54-1.3912.24
Cash EPS (Rs.)86.1571.3647.9633.6944.33
Book Value[Excl.RevalReserv]/Share (Rs.)344.59302.79278.72227.42228.62
Book Value[Incl.RevalReserv]/Share (Rs.)344.59302.79278.72227.42228.62
Revenue From Operations / Share (Rs.)967.85869.63669.10610.03694.86
PBDIT / Share (Rs.)123.5897.3871.8761.8378.90
PBIT / Share (Rs.)75.4657.9438.9226.7646.94
PBT / Share (Rs.)50.2138.5520.220.7718.38
Net Profit / Share (Rs.)38.0431.9115.01-1.3812.37
NP After MI And SOA / Share (Rs.)38.0431.9115.01-1.3812.37
PBDIT Margin (%)12.7611.1910.7410.1311.35
PBIT Margin (%)7.796.665.814.386.75
PBT Margin (%)5.184.433.020.122.64
Net Profit Margin (%)3.933.662.24-0.221.77
NP After MI And SOA Margin (%)3.933.662.24-0.221.77
Return on Networth / Equity (%)11.0310.545.38-0.605.40
Return on Capital Employeed (%)16.9915.0010.427.3913.56
Return On Assets (%)4.984.722.41-0.211.88
Long Term Debt / Equity (X)0.210.220.250.460.38
Total Debt / Equity (X)0.550.610.581.001.07
Asset Turnover Ratio (%)1.351.341.040.830.99
Current Ratio (X)1.351.351.401.211.14
Quick Ratio (X)1.091.021.070.890.89
Inventory Turnover Ratio (X)5.164.854.023.293.70
Dividend Payout Ratio (NP) (%)0.007.050.000.000.00
Dividend Payout Ratio (CP) (%)0.003.150.000.000.00
Earning Retention Ratio (%)0.0092.950.000.000.00
Cash Earning Retention Ratio (%)0.0096.850.000.000.00
Interest Coverage Ratio (X)4.895.023.842.382.76
Interest Coverage Ratio (Post Tax) (X)2.512.651.800.941.43
Enterprise Value (Cr.)1617.231368.891308.30890.39570.61
EV / Net Operating Revenue (X)1.040.971.211.050.59
EV / EBITDA (X)8.128.7211.3010.355.25
MarketCap / Net Operating Revenue (X)0.840.770.980.690.25
Retention Ratios (%)0.0092.940.000.000.00
Price / BV (X)2.382.212.371.880.77
Price / Net Operating Revenue (X)0.840.770.980.690.25
EarningsYield0.040.040.020.000.06

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Alicon Castalloy Ltd as of November 18, 2024 is: 1,155.07

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 18, 2024, Alicon Castalloy Ltd is Overvalued by 4.22% compared to the current share price 1,206.00

Intrinsic Value of Alicon Castalloy Ltd as of November 18, 2024 is: 2,486.74

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 18, 2024, Alicon Castalloy Ltd is Undervalued by 106.20% compared to the current share price 1,206.00

Last 5 Year EPS CAGR: 115.29%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (293.62 cr) compared to borrowings (259.38 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (392.69 cr) and profit (43.92 cr) over the years.
  1. The stock has a low average ROCE of 14.67%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 64.25, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 56.58, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Alicon Castalloy Ltd:
    1. Net Profit Margin: 3.93%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 16.99% (Industry Average ROCE: 17.49%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 11.03% (Industry Average ROE: 12.76%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 2.51
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.09
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 26.8 (Industry average Stock P/E: 34.28)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.55
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Alicon Castalloy Ltd. is a Public Limited Listed company incorporated on 19/12/1990 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L99999PN1990PLC059487 and registration number is 059487. Currently company belongs to the Industry of Castings/Foundry. Company’s Total Operating Revenue is Rs. 957.47 Cr. and Equity Capital is Rs. 8.06 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Castings/FoundryGat No. 1426, Village - Shikrapur, Pune District Maharashtra 412208veena.vaidya@alicongroup.co.in
http://www.alicongroup.co.in
Management
NamePosition Held
Mr. Ajay NanavatiChairman
Mr. S RaiManaging Director
Mr. Junichi SuzukiDirector
Mrs. Pamela RaiDirector
Mr. Jitendra PanjabiDirector
Mrs. Veena MankarIndependent Director

FAQ

What is the latest intrinsic value of Alicon Castalloy Ltd?

The latest intrinsic value of Alicon Castalloy Ltd as on 18 November 2024 is ₹1155.07, which is 4.22% lower than the current market price of ₹1,206.00.

What is the Market Cap of Alicon Castalloy Ltd?

The Market Cap of Alicon Castalloy Ltd is 1,962 Cr..

What is the current Stock Price of Alicon Castalloy Ltd as on 18 November 2024?

The current stock price of Alicon Castalloy Ltd as on 18 November 2024 is ₹1,206.

What is the High / Low of Alicon Castalloy Ltd stocks in FY 2024?

In FY 2024, the High / Low of Alicon Castalloy Ltd stocks is 1,543/776.

What is the Stock P/E of Alicon Castalloy Ltd?

The Stock P/E of Alicon Castalloy Ltd is 26.8.

What is the Book Value of Alicon Castalloy Ltd?

The Book Value of Alicon Castalloy Ltd is 363.

What is the Dividend Yield of Alicon Castalloy Ltd?

The Dividend Yield of Alicon Castalloy Ltd is 0.62 %.

What is the ROCE of Alicon Castalloy Ltd?

The ROCE of Alicon Castalloy Ltd is 14.5 %.

What is the ROE of Alicon Castalloy Ltd?

The ROE of Alicon Castalloy Ltd is 11.8 %.

What is the Face Value of Alicon Castalloy Ltd?

The Face Value of Alicon Castalloy Ltd is 5.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Alicon Castalloy Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE