# Alicon Castalloy share price today (Alicon Castalloy Ltd, NSE: ALICON)

> Alicon Castalloy share price today: ₹854.20 at the NSE close on 3 November 2026, down 8.0% in a year. Alicon Castalloy (NSE: ALICON) is worth ₹1,403 crore, trades at a P/E of 37.8 and has closed between ₹611.40 and ₹906.10 over the past 52 weeks. > Alicon Castalloy Ltd's results are improving, and its P/E is near the top of its own history, higher than 94% of past readings. ALICON · Castings, Forgings & Fastners · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/alicon-castalloy-ltd

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## Key numbers

- Business trend: Getting better, from the last 12 quarters
- Price: ₹854.20 (−8.0% in a year)
- P/E: 37.8× (higher than 94% of the last 11 years)
- Revenue (Jun 2026): ₹578 Cr (+38.3% on a year ago)
- Profit (Jun 2026): ₹11.0 Cr (+22.2% on a year ago)
- Operating margin: 9.0% (−3.0 points on a year ago)
- ROCE: 11%, FY26
- ROIC: 7.2%, against a 12.0% cost of capital: −4.8 points

The main question: results are strong, and the P/E is higher than 94% of its own history. ## What is the Alicon Castalloy share price today? Alicon Castalloy Ltd's share price was ₹854.20 at the close on 3 November 2026. It has been rising for 4 weeks. That is 14.1% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹611 and ₹906, and at that close it sat 82% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 14 weeks in a row. Over the last 11 years the share price moved +223% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Alicon Castalloy this quarter? Two changes stood out: highest quarterly revenue in 15 quarters and operating margin down 3 points on a year earlier. 1. Highest quarterly revenue in 15 quarters Revenue of ₹578 crore in the June 2026 quarter is the highest of the last 15 quarters. Why: Revenue was the highest in 15 quarters because commercial vehicle work grew strongly as programs the company took over started making parts. From the earnings call on 14 Aug 2026. 2. Operating margin down 3 points on a year earlier 9% in the June 2026 quarter, from 12%. Why: Operating margin fell because metal costs rose and the company gets that money back from customers only later, and because staff and freight cost recoveries waited on customer approvals. Next results: check whether customer approvals and productivity steps help operating margin recover from 9%. From the earnings call on 14 Aug 2026. ## What are Alicon Castalloy's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Alicon Castalloy reported revenue of ₹578 crore, up 38.3% from ₹418 crore a year earlier, and a profit of ₹11.0 crore, up 22.2% from ₹9.00 crore. ### Alicon Castalloy results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹578 crore | ₹418 crore | +38.3% |
| Profit | ₹11.0 crore | ₹9.00 crore | +22.2% |
| Earnings per share | ₹6.98 | ₹5.70 | +22.5% |
| Operating margin | 9.0% | 12.0% | −3.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Alicon Castalloy's management discussed these results on a call held on 14 August 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Alicon Castalloy share price history? Alicon Castalloy closed at ₹854.20 on 3 November 2026, down 8.0% from ₹928.70 a year earlier (31 October 2025) and up 11.1% over five years. Its highest weekly close since March 2016 was ₹1,485.70 on 13 September 2024. ### Alicon Castalloy share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹801.35 | +6.6% |
| 1 month ago · 1 Oct 2026 | ₹874.30 | −2.3% |
| 6 months ago · 30 Apr 2026 | ₹697.75 | +22.4% |
| 1 year ago · 31 Oct 2025 | ₹928.70 | −8.0% |
| 3 years ago · 3 Nov 2023 | ₹822.40 | +3.9% |
| 5 years ago · 4 Nov 2021 | ₹769.05 | +11.1% |
| 10 years ago · 4 Nov 2016 | ₹436.50 | +95.7% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹264.25 | +223.3% |
| Highest weekly close since March 2016 · 13 Sep 2024 | ₹1,485.70 | −42.5% |
| Lowest weekly close since March 2016 · 3 Apr 2020 | ₹179.00 | +377.2% |
| 52-week high (weekly close) · 7 Nov 2025 | ₹906.10 | −5.7% |
| 52-week low (weekly close) · 2 Apr 2026 | ₹611.40 | +39.7% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (560 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Alicon Castalloy? 3 Nov 2026: Alicon Castalloy closed at ₹854.20, up 6.6% on the week and down 2.3% on the month. 21 Sep 2026: ex-date for a dividend of ₹3 a share. ### Earlier

- 14 Aug 2026: Alicon Castalloy held its results call for April to June 2026. Management guided: FY27 underlying growth 12-15% ex material inflation, with a similar rate indicated for the following 3 years; CFO prepared remarks cited 8-10%, an explicit discrepancy. - Results for April to June 2026: Revenue up 38.3% and profit up 22.2% on a year earlier. - 19 May 2026: ex-date for an interim dividend of ₹2 a share. ## What dividend does Alicon Castalloy pay? Alicon Castalloy paid ₹5 a share in regular dividends in the 12 months to 4 November 2026 (2 payments), a yield of 0.59% at the ₹854.20 close on 3 November 2026. The last was a dividend of ₹3 a share, ex-date 21 September 2026. ### Alicon Castalloy dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 21 Sep 2026 | ₹3 | Dividend | same day |
| 19 May 2026 | ₹2 | Interim | same day |
| 15 Sep 2025 | ₹3 | Dividend | same day |
| 16 May 2025 | ₹2.50 | Interim | 17 May 2025 |
| 19 Sep 2024 | ₹4.50 | Dividend | n/a |
| 31 May 2024 | ₹3 | Interim | same day |
| 13 Sep 2023 | ₹3.75 | Dividend | n/a |
| 19 May 2023 | ₹2.50 | Interim | same day |
| 19 Sep 2022 | ₹2.25 | Dividend | n/a |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 4 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Alicon Castalloy Ltd paid out 24% of its profit as dividends in FY26, and it paid a dividend in 12 of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Alicon Castalloy management say on the latest results call? On the call for April to June 2026, held on 14 August 2026, Alicon Castalloy's management guided: FY27 underlying growth 12-15% ex material inflation, with a similar rate indicated for the following 3 years; CFO prepared remarks cited 8-10%, an explicit discrepancy. > “Our philosophy is now very clear. We will invest behind visible demand, but we will also build capacity ahead of the growth curve where we have strong customer visibility.”
> Sumit Bhatnagar, on the call for April to June 2026

### What management guided

- FY27 operating margin improvement of at least 1%. - FY27 capital spending approximately ₹150 crore, including around ₹70 crore for Shikrapur, phased over 2-3 years and funded primarily by internal accruals. - Shikrapur SOP by March 2027; annual revenue around ₹500 crore over 4-5 years, with tonnage starting at 3,000 and scaling to 7,000. - International program outlook: European growth may stay soft for one or more quarters before reversing from January to March 2027; JLR e-axle dispatches are 600 sets per week, peak expected by Q3 CY26 and higher volume from January 2027. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/3548/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 14 August 2026.)

## What to watch in Alicon Castalloy's next results? When Alicon Castalloy reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Underlying growth versus the raised full-year range, including whether strong domestic execution persists after Q1. - What to check (from the call)
- Underlying growth versus the raised full-year range, including whether strong domestic execution persists after Q1. - Operating margin recovery as customer approvals, pass-through and productivity actions convert cost inflation into earnings. - Shikrapur commissioning against the stated year-end SOP plan, with committed programs entering production. - European recovery and JLR e-axle ramp as replacement programs begin offsetting mature-product exits. ## Which stock lists is Alicon Castalloy on? Alicon Castalloy is on 2 of our India lists: Momentum stocks and Breakout stocks. - [Momentum stocks Market cap cr: 1404.0216834455234](https://www.sectoralpha.in/momentum-stocks-india)
- [Breakout stocks Breakout date: 23 October 2026](https://www.sectoralpha.in/breakout-stocks-india)

## Is Alicon Castalloy profitable? Alicon Castalloy Ltd earned ₹11.0 Cr of net profit in the Jun 2026 quarter, +22.2% on the same quarter a year earlier. Full-year FY26 profit was ₹34.0 Cr. Over 10 years profit has grown 4.4% a year on average. That is 1.9% of the quarter's revenue. The same quarter a year earlier earned ₹9.0 Cr. For the full year, FY26 profit was ₹34.0 Cr (−26.1% on the year before). Why profit moved: revenue changed +38.3% on a year earlier and the margin moved −3.0 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed +48.4% and revenue +14.2%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does Alicon Castalloy make, and is it growing? Alicon Castalloy Ltd reported ₹578 Cr of revenue in the Jun 2026 quarter, +38.3% on the same quarter a year earlier. That is the 3rd quarter in a row with growth on the year before. Over 10 years it has grown 9.0% a year on average. The last full year, FY26, came in at ₹1,776 Cr. The last four reported quarters add to ₹1,931 Cr. FY26 revenue was ₹1,776 Cr, +3.3% on the year before. Recent pace: the last four quarters grew +14.2% on average, against 9.0% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +13.7%, against +8.3% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +0.0%, against −29.3% a year (accelerating). ## How much of every ₹100 of sales does Alicon Castalloy keep? Alicon Castalloy Ltd's operating margin was 9.0% in the Jun 2026 quarter, 3.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 10.0% and 13.0%. The latest quarter is below every full year in that period. Why the margin moved: operating margin changed −2.4 percentage points on the year while gross margin changed −6.7 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is Alicon Castalloy's profit turning into cash? Over the last 3 years, 426% of Alicon Castalloy Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹239 Cr of operating cash against ₹34.0 Cr of profit. After ₹164 Cr of spending on assets, ₹75.0 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 426% of profit came in as cash: the cash cycle got 73 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. What to look at next: the bigger use of cash is spending on new assets, at 1.8× depreciation over three years. The next section checks what that spending is building. ## Where does Alicon Castalloy's cash go? Alicon Castalloy Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 37 days in FY26, down from 110 days in FY21. It spent ₹489 Cr on assets over the last 3 years. Customers take 110 days to pay, and stock sits for 62 days on average. At FY26 sales of ₹1,776 Cr, each day of that cycle ties up about ₹4.9 Cr, so roughly ₹180 Cr is tied up in the business at any time. FY26: customers took 110 days to pay and stock sat for 62 days, about 2.0 months of sales sitting as stock, for a full cycle of 37 days, shorter than FY21's 110. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 62 days. Customers pay about 110 days after that. Suppliers are paid at 135 days. Together that makes the 37-day cycle. Spending on assets: ₹489 Cr over the last 3 years, against ₹275 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹77.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Alicon Castalloy's P/E ratio, and how does it compare with its own history? Alicon Castalloy Ltd's P/E is 37.8×, near the high end of its own history: higher than 94% of past readings. Its usual P/E (the middle reading) is 25.9×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹22.36. Why the multiple is where it is: over the past year earnings per share moved −25.6% while the price moved −8.0%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +2.1% a year; about −0.7% a year came from earnings growth and about +2.8 percentage points from the multiple (the market paying more); over 10 years the price moved +6.9% a year; about +1.1% a year came from earnings growth and about +5.8 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Alicon Castalloy business getting better or worse? Alicon Castalloy Ltd's business is getting better. EPS growth hit its low 3 quarters ago at −49.1% and has recovered to +0.2%, with ROCE steady at 12.1%. This is based on 12 quarters of 4 measures. Why it matters: a lasting rise from a low is what this page is built to show. ## How much does Alicon Castalloy earn on its capital? Alicon Castalloy Ltd earned a ROCE of 11% in FY26. That is up from a low of 6% in FY21. Its return on capital used (ROIC) is 4.8 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 1.9% net margin and 1.23× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 1.9% net margin × 1.23× asset turnover × 2.30× leverage (assets divided by equity) ≈ 5.4% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 7.2% − 12.0% = −4.8 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Alicon Castalloy have too much debt? Alicon Castalloy Ltd has total debt of ₹354 Cr against shareholder equity of ₹628 Cr as of Jun 2026, so its debt is 0.56× its equity. Year by year, that ratio went from 0.59 in FY22 to 0.56 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Alicon Castalloy shareholding pattern? No group of Alicon Castalloy Ltd's owners changed its stake by a full percentage point over the last two years. Promoters moved −0.4 points over the same period, to 53.8%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: −0.5 points over 8 quarters, to 0.4%; Promoters: −0.4 points over 8 quarters, to 53.8%; Domestic institutions: −0.1 points over 8 quarters, to 11.3%. ## How far is Alicon Castalloy from balance-sheet trouble? For Alicon Castalloy Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Alicon Castalloy rank in its industry? 43.6 out of 100, rank 13 of 20 in Castings, Forgings & Fastners, with 81% of the evidence available. Alicon Castalloy Ltd scores 43.6 out of 100 against the 20 companies it is compared with in Castings, Forgings & Fastners, ranking 13. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 13.3 + 8.4 + 10.9 + 11 = 43.6. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Alicon Castalloy compared with? Alicon Castalloy ranks 13 of 20 Castings, Forgings & Fastners companies on the 4-Factor Sector Score, with 43.6 out of 100. 1. [Kennametal India Ltd](https://www.sectoralpha.in/stocks/kennametal-india-ltd) KENNAMET · leader · Sector-leading setup · 96% evidence 83.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.7/35 · Revenue 29.1% · Profit 91.2% · Operating margin change 12 points · 88% evidence Capital efficiency 21.5/25 · ROCE 33.2% · Operating margin 27% · 100% evidence Valuation 12.4/20 · P/E 41.4× · PEG 1.34 · 100% evidence Relative strength 18.9/20 · Lead over its industry 16% · Lead over NIFTY 500 34.5% · 1 year 76.5% · 100% evidence · 12 of 12 weeks ahead Exact sum: 30.7 + 21.5 + 12.4 + 18.9 = 83.5 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Uniparts India Ltd](https://www.sectoralpha.in/stocks/uniparts-india-ltd) UNIPARTS · losing its lead · Most evidence points up · 96% evidence 76.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.2/35 · Revenue 27.5% · Profit 85.6% · Operating margin change 5 points · 88% evidence Capital efficiency 19.1/25 · ROCE 21.6% · Operating margin 24% · 100% evidence Valuation 16.9/20 · P/E 17.3× · PEG 0.38 · 100% evidence Relative strength 11.3/20 · Lead over its industry 5.1% · Lead over NIFTY 500 22.5% · 1 year 40.7% · 100% evidence · 11 of 12 weeks ahead Exact sum: 29.2 + 19.1 + 16.9 + 11.3 = 76.5 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [Sona BLW Precision Forgings Ltd](https://www.sectoralpha.in/stocks/sona-blw-precision-forgings-ltd) SONACOMS · leader · Most evidence points up · 100% evidence 65.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.7/35 · Revenue 42.1% · Profit 21.8% · Operating margin change -2 points · 100% evidence Capital efficiency 15.8/25 · ROCE 14.2% · Operating margin 23% · 100% evidence Valuation 6.5/20 · P/E 71.7× · PEG 3.52 · 100% evidence Relative strength 19.3/20 · Lead over its industry 29.5% · Lead over NIFTY 500 51.4% · 1 year 88.4% · 100% evidence · 12 of 12 weeks ahead Exact sum: 23.7 + 15.8 + 6.5 + 19.3 = 65.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Gala Precision Engineering Ltd](https://www.sectoralpha.in/stocks/gala-precision-engineering-ltd) GALAPREC · turning · Evidence leans up · 89% evidence 60.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.3/35 · Revenue 31.8% · Profit 37.2% · Operating margin change 1 points · 88% evidence Capital efficiency 13.5/25 · ROCE 15.6% · Operating margin 16.3% · 100% evidence Valuation 12.5/20 · P/E 35× · PEG 1.14 · 65% evidence Relative strength 11.8/20 · Lead over its industry 3.1% · Lead over NIFTY 500 21.3% · 1 year 35.6% · 100% evidence · 6 of 12 weeks ahead Exact sum: 22.3 + 13.5 + 12.5 + 11.8 = 60.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Steelcast Ltd](https://www.sectoralpha.in/stocks/steelcast-ltd) STEELCAS · leader · Evidence leans up · 96% evidence 59.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.8/35 · Revenue 9.2% · Profit 15.2% · Operating margin change 0 points · 88% evidence Capital efficiency 19.3/25 · ROCE 32.3% · Operating margin 26% · 100% evidence Valuation 8.0/20 · P/E 38.8× · PEG 1.7 · 100% evidence Relative strength 17.4/20 · Lead over its industry 12.9% · Lead over NIFTY 500 32.1% · 1 year 53.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 14.8 + 19.3 + 8 + 17.4 = 59.5 · What this means: Relative strength against the index is 32.1%, and revenue and profit growth are weak. 6. [Amic Forging Ltd](https://www.sectoralpha.in/stocks/amic-forging-ltd) leader · Too little evidence to rank firmly · 53% evidence 59.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.7/35 · Revenue n/a · Profit n/a · Operating margin change 5 points · 15% evidence Capital efficiency 17.1/25 · ROCE 25.2% · Operating margin 33% · 71% evidence Valuation 6.8/20 · P/E 77.5× · PEG n/a · 50% evidence Relative strength 17.4/20 · Lead over its industry 8.4% · Lead over NIFTY 500 27.2% · 1 year 34.6% · 100% evidence · 11 of 12 weeks ahead Exact sum: 17.7 + 17.1 + 6.8 + 17.4 = 59 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 7. [Balu Forge Industries Ltd](https://www.sectoralpha.in/stocks/balu-forge-industries-ltd) BALUFORGE · breaking out · Evidence leans up · 81% evidence 56.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.5/35 · Revenue 19.8% · Profit 18.1% · Operating margin change -3 points · 88% evidence Capital efficiency 18.3/25 · ROCE 22.7% · Operating margin 28% · 100% evidence Valuation 15.3/20 · P/E 20× · PEG 1.16 · 100% evidence Relative strength 8.0/20 · Lead over its industry n/a · Lead over NIFTY 500 -7.2% · 1 year -31.4% · 25% evidence · 11 of 12 weeks ahead Exact sum: 14.5 + 18.3 + 15.3 + 8 = 56.1 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 8. [Happy Forgings Ltd](https://www.sectoralpha.in/stocks/happy-forgings-ltd) HAPPYFORGE · leader · Evidence leans up · 96% evidence 55.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.8/35 · Revenue 15.5% · Profit 21.1% · Operating margin change 2 points · 88% evidence Capital efficiency 17.7/25 · ROCE 18% · Operating margin 31% · 100% evidence Valuation 2.8/20 · P/E 50.4× · PEG 3.72 · 100% evidence Relative strength 12.5/20 · Lead over its industry 7.7% · Lead over NIFTY 500 25.2% · 1 year 71.2% · 100% evidence · 12 of 12 weeks ahead Exact sum: 22.8 + 17.7 + 2.8 + 12.5 = 55.8 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 9. [Uni Abex Alloy Products Ltd](https://www.sectoralpha.in/stocks/uni-abex-alloy-products-ltd) quiet · Evidence leans up · 83% evidence 50.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.3/35 · Revenue 17.2% · Profit 100% · Operating margin change -7 points · 83% evidence Capital efficiency 15.6/25 · ROCE 18.8% · Operating margin 10.5% · 95% evidence Valuation 10.0/20 · P/E 18.2× · PEG n/a · 50% evidence Relative strength 8.6/20 · Lead over its industry 0.2% · Lead over NIFTY 500 17.5% · 1 year 30.6% · 100% evidence · 5 of 12 weeks ahead Exact sum: 16.3 + 15.6 + 10 + 8.6 = 50.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [CIE Automotive India Ltd](https://www.sectoralpha.in/stocks/cie-automotive-india-ltd) CIEINDIA · basing · Evidence leans down · 100% evidence 49.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.6/35 · Revenue 12.4% · Profit 15.3% · Operating margin change -1 points · 100% evidence Capital efficiency 13.9/25 · ROCE 14.7% · Operating margin 14% · 100% evidence Valuation 16.7/20 · P/E 14.4× · PEG 1.14 · 100% evidence Relative strength 2.4/20 · Lead over its industry -28.5% · Lead over NIFTY 500 -13.5% · 1 year -18.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.6 + 13.9 + 16.7 + 2.4 = 49.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Ramkrishna Forgings Ltd](https://www.sectoralpha.in/stocks/ramkrishna-forgings-ltd) RKFORGE · leader · Evidence leans down · 67% evidence 48.4 out of 100 Growth Capital Valuation Relative
12. [Nelcast Ltd](https://www.sectoralpha.in/stocks/nelcast-ltd) NELCAST · turning · Evidence leans down · 96% evidence 47.7 out of 100 Growth Capital Valuation Relative
13. Alicon Castalloy Ltd this page ALICON · breaking out · Evidence leans down · 81% evidence 43.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.3/35 · Revenue 13.7% · Profit 0% · Operating margin change -3 points · 88% evidence Capital efficiency 8.4/25 · ROCE 10.6% · Operating margin 9% · 100% evidence Valuation 10.9/20 · P/E 37.1× · PEG 0.76 · 100% evidence Relative strength 11.0/20 · Lead over its industry n/a · Lead over NIFTY 500 19.5% · 1 year -9.6% · 25% evidence · 10 of 12 weeks ahead Exact sum: 13.3 + 8.4 + 10.9 + 11 = 43.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 14. [M M Forgings Ltd](https://www.sectoralpha.in/stocks/m-m-forgings-ltd) MMFL · losing its lead · Evidence leans down · 96% evidence 41.7 out of 100 Growth Capital Valuation Relative
15. [Tirupati Forge Ltd](https://www.sectoralpha.in/stocks/tirupati-forge-ltd) TIRUPATIFL · turning · Evidence leans down · 96% evidence 40.6 out of 100 Growth Capital Valuation Relative
16. [Bharat Forge Ltd](https://www.sectoralpha.in/stocks/bharat-forge-ltd) BHARATFORG · quiet · Evidence leans down · 71% evidence 37.4 out of 100 Growth Capital Valuation Relative
17. [Sundaram Clayton Ltd](https://www.sectoralpha.in/stocks/sundaram-clayton-ltd) SUNCLAY · quiet · Most evidence points down · 71% evidence 30.1 out of 100 Growth Capital Valuation Relative
18. [Sterling Tools Ltd](https://www.sectoralpha.in/stocks/sterling-tools-ltd) STERTOOLS · quiet · Most evidence points down · 100% evidence 25.4 out of 100 Growth Capital Valuation Relative
19. [Synergy Green Industries Ltd](https://www.sectoralpha.in/stocks/synergy-green-industries-ltd) SGIL · losing its lead · Most evidence points down · 76% evidence 24.4 out of 100 Growth Capital Valuation Relative
20. [Captain Technocast Ltd](https://www.sectoralpha.in/stocks/captain-technocast-ltd) quiet · Too little evidence to rank firmly · 42% evidence 55.9 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Castings, Forgings & Fastners](https://www.sectoralpha.in/sectors/castings-forgings-fastners), all 20 compared on one page. ## Which companies are close to Alicon Castalloy in size? Alicon Castalloy is the 13th largest of 20 Castings, Forgings & Fastners companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Amic Forging, M M Forgings and Sundaram Clayton. Just below it: Gala Precision Engineering, Nelcast and Tirupati Forge. ### Castings, Forgings & Fastners companies close in size

1. [Amic Forging Ltd](https://www.sectoralpha.in/stocks/amic-forging-ltd) ₹2,361 crore
2. [M M Forgings Ltd](https://www.sectoralpha.in/stocks/m-m-forgings-ltd) ₹2,332 crore
3. [Sundaram Clayton Ltd](https://www.sectoralpha.in/stocks/sundaram-clayton-ltd) ₹2,258 crore
4. Alicon Castalloy Ltd ₹1,378 crore
5. [Gala Precision Engineering Ltd](https://www.sectoralpha.in/stocks/gala-precision-engineering-ltd) ₹1,331 crore
6. [Nelcast Ltd](https://www.sectoralpha.in/stocks/nelcast-ltd) ₹1,153 crore
7. [Tirupati Forge Ltd](https://www.sectoralpha.in/stocks/tirupati-forge-ltd) ₹896 crore

[All 20 Castings, Forgings & Fastners companies, largest first](https://www.sectoralpha.in/sectors/castings-forgings-fastners#all-companies)

### Companies close in size in other industries

1. [Accelya Solutions India Ltd](https://www.sectoralpha.in/stocks/accelya-solutions-india-ltd) ₹1,386 crore · IT Product Companies
2. [Balmer Lawrie Investment Ltd](https://www.sectoralpha.in/stocks/balmer-lawrie-investment-ltd) ₹1,386 crore · Finance & Investments - Others
3. Alicon Castalloy Ltd ₹1,378 crore
4. [Thirumalai Chemicals Ltd](https://www.sectoralpha.in/stocks/thirumalai-chemicals-ltd) ₹1,378 crore · Speciality Chemicals
5. [Anlon Healthcare Ltd](https://www.sectoralpha.in/stocks/anlon-healthcare-ltd) ₹1,376 crore · Pharmaceuticals Bulk Drugs & Formulation

## What else do people ask about Alicon Castalloy? ### What is Alicon Castalloy's share price today? Alicon Castalloy Ltd's share price is ₹854.20, −8.0% over the past year. The whole company is worth ₹1,403 Cr on the market. In the last 52 weeks it traded between ₹611 to ₹906; today it is 82% of the way up from the low, 14.1% above its 200-day average (as of 3 November 2026). ### What were Alicon Castalloy's latest quarterly results? Alicon Castalloy Ltd reported revenue of ₹578 Cr and net profit of ₹11.0 Cr for the Jun 2026 quarter. Revenue rose 38.3% and profit rose 22.2% compared with a year earlier. Earnings per share were ₹6.98. The operating margin was 9.0%, 3.0 percentage points lower than a year earlier (as of 3 November 2026). ### What is Alicon Castalloy's market cap? Alicon Castalloy Ltd's market capitalisation is ₹1,403 Cr at a share price of ₹854.20. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Alicon Castalloy performing? Alicon Castalloy Ltd's share price has been rising for 4 weeks. In its latest quarter, revenue rose 38.3% and profit rose 22.2% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 14 weeks running (as of 3 November 2026). ### Will Alicon Castalloy's share price go up? This page does not forecast Alicon Castalloy Ltd's share price. What it shows instead: the share price is ₹854.20, and it has been rising for 4 weeks. Its P/E of 37.8× is higher than 94% of its own last 11 years (as of 3 November 2026). ### Where is Alicon Castalloy in its business cycle? Alicon Castalloy Ltd's FY26 operating margin was 11.0%, against a 13-year range of 10.0% to 13.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 9.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Alicon Castalloy story? The main question: results are strong, and the P/E is higher than 94% of its own history. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Alicon Castalloy a stock worth studying right now? What the numbers show: Alicon Castalloy Ltd's results are improving, and its P/E is near the top of its own history, higher than 94% of past readings. The main open question: whether earnings grow enough to match the multiple. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Alicon Castalloy share price forecast for 2026? What management itself guided: FY27 underlying growth 12-15% ex material inflation, with a similar rate indicated for the following 3 years; CFO prepared remarks cited 8-10%, an explicit discrepancy. ## Lists

- Momentum stocks: https://www.sectoralpha.in/momentum-stocks-india
- Breakout stocks: https://www.sectoralpha.in/breakout-stocks-india

This is research, not advice. We’re not SEBI-registered.