EN DE

Alicon Castalloy Limited (ALICON) Fair Value & Analysis

Industrials · IN · Market cap ₹10.4B

AC Alicon Castalloy Limited ALICON · NSE
Price₹672.35
Fair Value₹442.67
Upside-34.2%
Quality44/100
Healthy Growth
Thin margins · 1.9% net margin
Low debt · generates free cash flow
Mixed vs. peers (8/14)
Narrow moat 33/100
Watch Alicon Castalloy Limited for free, get notified when fair value or trend changes. Watch for free
Evidence: High Range ₹332.00 – ₹553.34 Share as image

Fair value as of: Aug 2, 2026

From 25 valuation models · updated yesterday

Share price +1.8% over the past month.

Below-average quality, and screening another 34% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹553.34). The favourable scenario is already priced in.
  • Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

₹1,494 ₹405.17 Fair Value ₹442.67 Apr 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

60‑month range ₹405.17 – ₹1,494 · fair‑value band ₹332.00 – ₹553.34 · the ₹672.35 price screens above the ₹442.67 fair value. Dashed = 300-day average. As of Aug 2, 2026.

Which stocks are undervalued right now? Check free Discover now →

Analysis

Alicon Castalloy Limited (ALICON) currently trades at ₹672.35, while our model-based Fair Value estimate is ₹442.67, implying the stock looks roughly 34.2% overvalued today. We read business quality at 44/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Alicon Castalloy Limited generated revenue of ₹17.8B at a net margin of 1.9%. Revenue grew 16.6% year over year. It earns a return on equity of 5.6%. Net debt stands at ₹3.3B. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹332.00 (bear case) to ₹553.34 (bull case); at ₹672.35, the current price sits above that range. The share trades about 34% below its 52-week high and 16% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -72% fair-value upside, at -34%, ALICON screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ₹644.37 ₹1,156 ₹2,018 80
Residual Income ₹298.59 ₹304.50 ₹299.44 76
Rev-Margin DCF ₹504.99 ₹885.88 ₹1,375 74
All 25 models by family
DCF Models
FCF DCF ₹648.34 ₹1,202 ₹2,158 38
5Y Revenue Exit ₹504.99 ₹892.35 ₹1,412 39
5Y EBITDA Exit ₹898.83 ₹1,699 ₹2,705 41
5Y P/E Exit ₹371.96 ₹619.82 ₹894.48 38
10Y Revenue Exit ₹530.84 ₹914.23 ₹1,489 36
10Y EBITDA Exit ₹808.10 ₹1,503 ₹2,566 37
10Y P/E Exit ₹459.65 ₹715.24 ₹1,059 35
Earnings-Based
Graham-Dodd ₹143.34 ₹650.49 ₹892.21 54
Lynch FV ₹170.13 ₹243.05 ₹315.96 50
PEG = 1.0 ₹170.13 ₹243.05 ₹315.96 46
EPV ₹392.78 ₹466.65 ₹531.29 59
Dividend Discount
Gordon GGM ₹50.43 ₹104.86 ₹166.35 70
DDM Multi-Stage ₹50.43 ₹88.42 ₹110.05 61
Multiples
P/E Multiple ₹316.19 ₹421.59 ₹526.99 63
P/S Multiple ₹268.77 ₹358.35 ₹447.94 58
P/B Multiple ₹268.77 ₹358.35 ₹447.94 55
EV/EBIT ₹682.72 ₹927.12 ₹1,172 53
EV/EBITDA ₹1,111 ₹1,498 ₹1,885 54
EV/Revenue ₹443.75 ₹655.57 ₹867.38 43
Asset-Based
NCAV (Graham) ₹192.30 ₹257.68 ₹384.59 50
Growth DCF
Growth DCF ₹644.37 ₹1,156 ₹2,018 80
Rev-Margin DCF ₹504.99 ₹885.88 ₹1,375 74
Economic Profit
Residual Income ₹298.59 ₹304.50 ₹299.44 76
ROIC Compounder ₹397.10 ₹552.89 ₹742.55 72
Growth Earnings
Growth-Adj P/E ₹267.76 ₹382.52 ₹497.28 68

Widest divergence: DCF Models (₹914.23) versus Dividend Discount (₹88.42). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) ₹17.8B
Revenue growth (YoY) +16.6%
Net margin 1.9%
Return on equity 5.6%
Free cash flow ₹893M FY2026
P/E ratio 30.3
More key figures
Operating margin 3.9%
EPS (TTM) ₹21.03
EPS growth (YoY) -15.9%
Net debt ₹3.3B FY2026

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 49 · Market factors (momentum, volatility) 38

Profitability 48
Margins and returns on capital today
Quality Growth 22
Are margins and returns improving?
Cashflow 48
Earnings quality: real cash, not paper profit
Fin. Strength 46
Balance sheet, leverage, solvency risk
Investment 57
Disciplined investing over empire-building
Low Volatility 75
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 13
Distance to the 52-week high (market factor)
Net Issuance 79
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Alicon Castalloy Limited, together with its subsidiaries, manufactures and sells aluminium castings in India. It offers 2 and 4-wheelers, fully finished, diesel, and petrol cylinder heads; transcradle, inlet pipe, cac tank, battery tray, motor stator, top yoke/bridge fork top, enclosure body, inverter casing, cooling/junction box, transmission and crank …

Full company description

Alicon Castalloy Limited, together with its subsidiaries, manufactures and sells aluminium castings in India. It offers 2 and 4-wheelers, fully finished, diesel, and petrol cylinder heads; transcradle, inlet pipe, cac tank, battery tray, motor stator, top yoke/bridge fork top, enclosure body, inverter casing, cooling/junction box, transmission and crank cases, e-axle, and HCV coolant collector products, as well as controller, compressor, motor, distributor, and roof sensor housing parts. The company also exports its products to approximately 18 countries. It serves automotive and e-mobility industries; and non-automotive industry, such as internal combustion engine, infrastructure, defence, medical, energy, agriculture, and aerospace. The company was formerly known as Enkei Castalloy Limited and changed its name to Alicon Castalloy Limited in December 2010. Alicon Castalloy Limited was incorporated in 1990 and is based in Pune, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Alicon Castalloy Limited reported revenue of ₹17.8B in FY2026 versus ₹10.8B in FY2022, a compound +13.3%/yr. Reported net income was ₹344M in FY2026, compounding +9.2%/yr from FY2022.

Growth Quality 85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹17.8B
Latest YoY
+3.2%
Avg. growth/yr (3Y)
+8.2%
Avg. growth/yr (5Y)
+15.9%
Avg. growth/yr (20Y)
+14.3%
Revenue +13.3%/yr
FY22 ₹10.8B
FY23 ₹14.0B
FY24 ₹15.6B
FY25 ₹17.2B
FY26 ₹17.8B
Net income +9.2%/yr
FY22 ₹242M
FY23 ₹514M
FY24 ₹614M
FY25 ₹461M
FY26 ₹344M

ALICON screens 34% overvalued. Compare with Carpenter Technology Corporation →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Alicon Castalloy Limited Fair Value". https://www.fairvalue-calculator.com/stock/ALICON.NSE

Peer Group

Metal Fabrication · 259 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 44 · Below median
Fair Value upside −34% · Below median
Return on equity (TTM) 6% · Above median
Return on assets 4% · Above median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth 17% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.16× · Higher than median

Valuation Multiples vs Metal Fabrication median · lower = cheaper

P/E (TTM) 30.3× · Cheaper than median
P/B 1.66× · Cheaper than median
P/S (TTM) 0.59× · Cheaper than median
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 5.5× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 83 · sector 38
PAST 23 · sector 20
HEALTH 92 · sector 95
DIVIDEND 0 · sector 22

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Metal Fabrication stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Compare Alicon Castalloy Limited with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Industrials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Alicon Castalloy Limited (ALICON) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of ₹442.67 versus a price of ₹672.35, about −34% (overvalued).
What is the fair value of ALICON?
Our model-based fair value for Alicon Castalloy Limited is ₹442.67 (as of Aug 2, 2026), built from audited fundamentals. The current price is ₹672.35.
What is the quality score of ALICON?
Alicon Castalloy Limited has a Quality Score of 44/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Alicon Castalloy Limited (ALICON)?
Alicon Castalloy Limited reported trailing-twelve-month revenue of about ₹17.8B (latest available figure, as of Aug 2, 2026).
What is the net profit margin of ALICON?
The net profit margin of Alicon Castalloy Limited is about 1.9%, meaning it keeps roughly 1.9% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track Alicon Castalloy Limited and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.