Mkt cap 428 Crore
P/E 20.70
P/B 2.85
Headoffice: Shikrapur, Maharashtra
Capacity: 24,000 metric tons
Capacity Utilization: ?
Alicon Castalloy Limited is an India-based manufacturing company. The Company is involved in designing, engineering, casting and machining, painting and surface treatment of aluminum components. The Company offers end-to-end solutions across the entire value chain and delivers gravity and low pressure aluminum casting (gravity die casting and low pressure die casting) to its customers. The Company is categorized into two sectors, which include auto sector and non-auto sector. The auto sector includes two wheeler, passenger vehicle/utility vehicle and trucks. The non-auto sector includes Agriculture, Aero and Marine, Locomotive, Infrastructure, Energy, Defense, and Medical and Health.
Recent acqusition: Atlas Castalloy
Atlas Castloy has 44% market share in 2 wheelers.
Managements background:
- Shailendrajit Rai is the MD and a promoters of the Company. He holds a degree in Economics from the University of Kent U.K. and is a Chartered Accountant from England and Wales.
- Mr. Rajeev Sikand is CEO. He holds an MBA degree. He has 29 years of experience. His Last Employment - Motherson Sumi Systems Ltd.
Pros:
- Promoter’s stake has increased
- Steady Sales growth of 19.78% for last 3 years
- trading at 2.85x the book value
- Managements vision of 1000+ Crore sales in 2016-2017.(Lets do a Feasibility analysis of this ?)
Cons:
- Whyinvestin gives a slighly below sector average rating. (Lets discuss which are above average then ?)
- The stock corrected in 2015, BSE Metal index is not doing well either. (Lets discuss Is its growth sustainable ?)
Disc: Not Invested