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Alicon Castalloy Q1: Rs 125 Cr Shikrapur Capex & Rs 850 Cr 5-Yr OEM Order Visibility
In its Q1 earnings call transcript, Alicon Castalloy highlighted a 37.7% YoY consolidated revenue growth (17.5% volume growth net of material inflation). The company announced a Rs 125 crore capex over the next two years at a 1.36 lakh sq. ft. leased Shikrapur facility, targeted to generate Rs 500 crore in peak annual revenue over 4-5 years. Alicon secured Rs 850 crore in 5-year order visibility across two newly onboarded major Indian PV and CV OEMs, plus >Rs 450 crore in other multi-year business wins. Management noted near-term margin pressure from elevated metal, gas, and tooling costs, alongside temporary drag in European operations due to product cycle phase-outs.
Confidence: HIGH
What changedFormal transcript release outlining management strategy, Rs 125 Cr Shikrapur capex, and >Rs 1,300 Cr in cumulative multi-year order visibility.
Why it mattersProvides revenue growth visibility towards hybrid/EV components and CV/PV segments, though near-term margins remain sensitive to raw material and energy cost inflation.
Shikrapur facility capex: Rs. 125 croreCapex vs TTM revenue: ~6.5%Shikrapur expected annual revenue: Rs. 500 croreNew OEM 5-year order visibility: Rs. 850 croreOther new orders (5-year): Rs. 450 croreQ1 consolidated YoY growth: 37.7%
📅 Short termTopline momentum remains healthy, but margin realization will depend on operational efficiency gains offsetting input cost pressures.
📈 Long termCapacity additions and expanding footprint with domestic/global OEMs position the company to capture growing demand in hybrid and EV vehicle architectures.
⚠ Risk flags
- Raw material and energy price volatility impacting operating margins
- Customer-specific model phase-outs (seen in European operations)
- Execution timeline on the Shikrapur facility ramp-up
Key Highlights
Consolidated revenue grew 37.7% YoY (standalone 43.6%), with underlying volume growth of 17.5% after adjusting for material inflation.
Committed Rs 125 crore capex over 2 years at leased Shikrapur plant, projected to generate ~Rs 500 crore annual revenue in 4-5 years.
Gained entry into two large Indian PV and CV OEMs with ~Rs 850 crore order visibility over the next 5 years.
Acquired new automotive and non-automotive businesses with potential to generate >Rs 450 crore revenue over 5 years.
Elevated input costs (metals, gas, tooling) from geopolitical tensions impacted Q1 profitability margins.
👀 What to Watch
Track execution and ramp-up timeline at the Shikrapur facility, alongside margin recovery through price pass-throughs and operational efficiency initiatives in upcoming quarterly results.
₹579 Cr Revenue: Alicon Reports Record Quarterly Topline in Q1 FY27, Up 37% YoY
Alicon Castalloy achieved its highest-ever quarterly revenue of ₹579.1 Cr in Q1 FY27, a 37% YoY increase driven by robust domestic automotive demand. While PAT grew 23% YoY to ₹11.5 Cr, EBITDA margins contracted to 9.5% from 12.1% due to higher aluminum prices and sales mix changes. The company maintains a massive 6-year order book of ₹8,094 Cr, approximately 4.5x its TTM revenue. Management also announced a new manufacturing facility in Shikrapur, Pune, to support future growth and value-added products.
Confidence: HIGH
What changedAlicon crossed the ₹500 Cr quarterly revenue milestone for the first time and initiated a new capacity expansion near its existing Pune hub.
Why it mattersThe record revenue and massive order book validate the company's strategy in lightweighting and EV components, though raw material sensitivity remains a key margin risk.
Q1 FY27 Total Income: ₹579.1 CrOrder Book vs TTM Revenue: 457%EBITDA Margin: 9.5%YoY PAT Growth: 23%Capacity Utilization: 80%
📅 Short termThe record topline and strong domestic auto production growth (19.4% in Q1) are likely to be viewed positively by the market in the coming weeks.
📈 Long termStructural growth is supported by a multi-year order book and a shift toward high-margin structural and EV components, though debt levels (D/E 0.56) require monitoring.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Raw material price volatility (Aluminum)
- High sector concentration (96% Auto)
- Margin contraction (down 256 bps YoY)
Key Highlights
Total Income reached a record ₹579.1 Cr, representing 32.7% of the total TTM revenue in just one quarter.
Order book stands at ₹8,094 Cr for the next 6 years, providing high revenue visibility relative to the ₹1,211 Cr market cap.
Secured 8 new parts from 5 customers across 2W, CV, PV, and Non-Auto segments during Q1 FY27.
Manufacturing facilities operated at a healthy utilization level of approximately 80%.
Finance costs decreased by 7% YoY to ₹10.20 Cr, aiding a 45% YoY growth in Profit Before Tax (PBT).
👀 What to Watch
Watch for margin recovery as aluminum prices stabilize and track the execution timeline of the newly announced Shikrapur facility expansion.
Rs 579 Cr Revenue: Alicon Castalloy Reports Record Q1 FY27, PAT Up 44% QoQ
Alicon Castalloy achieved a significant milestone in Q1 FY27, crossing the Rs 500 Cr quarterly revenue mark for the first time with a total income of Rs 579.1 Cr (up 37% YoY). Profit After Tax (PAT) grew 44% sequentially to Rs 11.4 Cr, recovering from a lower base in Q4 FY26. While revenue growth was robust, EBITDA growth lagged at 8% YoY, reflecting margin pressure from rising aluminum prices and product mix shifts. The company also announced a new manufacturing facility near Pune to support its growing order book in the EV and structural parts segments.
Confidence: HIGH
What changedAlicon has scaled its quarterly revenue base from a ~Rs 430-490 Cr range to over Rs 570 Cr, while initiating a fresh capacity expansion near its existing Pune hub.
Why it mattersThe revenue jump (33% of TTM revenue in a single quarter) suggests a structural increase in scale. The new facility indicates a strong pipeline in high-technology aluminum castings for EVs and the Defense/Aerospace/Railways (DAR) vertical.
Q1 FY27 Revenue: Rs 579.1 CrYoY Revenue Growth: 37%QoQ PAT Growth: 44%Q1 Revenue vs TTM Revenue: 32.7%EBITDA Margin (Q1 FY27): 9.55%
📅 Short termThe stock is likely to react positively to the record revenue milestone and strong sequential profit recovery, despite some YoY margin compression.
📈 Long termThe shift toward lightweighting in EVs and expansion into non-auto segments like Defense and Aerospace provides a structural growth runway, supported by the newly announced capacity expansion.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- EBITDA growth (8% YoY) significantly lagging revenue growth (37% YoY)
- Vulnerability to aluminum price volatility
- High dependence on domestic automotive cycle
Key Highlights
Total Income reached a record Rs 579.1 Cr, a 37% increase over Q1 FY26 (Rs 421.2 Cr).
Profit After Tax (PAT) stood at Rs 11.4 Cr, representing a 44% sequential growth from Q4 FY26.
EBITDA grew 20% QoQ to Rs 55.3 Cr, though YoY growth was more modest at 8%.
PBT (pre-exceptional) rose 84% QoQ to Rs 18.3 Cr, aided by strong domestic automotive momentum.
Announced establishment of a new manufacturing facility at Shikrapur, Pune, to expand capacity for value-added products.
👀 What to Watch
Monitor the capital expenditure details and commissioning timeline for the new Shikrapur facility. Investors should also track EBITDA margin trends to see if the company can pass on aluminum price escalations effectively in subsequent quarters.
Alicon Castalloy Declares Rs 5 Total Dividend; Appoints Bosch Veteran as Audit Chair
Alicon Castalloy's board has recommended a final dividend of Rs 3 per share for FY26, bringing the total annual dividend to Rs 5 (100% of face value). The company also announced a key leadership transition in its Audit Committee, appointing Mr. Anantakrishnan Krishna, a veteran with 40 years of experience at Bosch and HAL, to replace the outgoing Mr. Ajay Patil. The board also approved the unaudited Q1 FY27 financial results during the meeting held on August 13, 2026. The book closure for dividend entitlement is set for September 22-28, 2026.
Confidence: HIGH
What changedThe company has finalized its dividend payout for the previous fiscal year and transitioned its Audit Committee leadership to a director with significant global OEM experience.
Why it mattersThe appointment of a Bosch veteran is strategically relevant given Alicon's focus on global OEM supply chains and EV components. The dividend confirms a 100% payout on face value, maintaining shareholder returns despite a dip in FY26 PAT to Rs 34 Cr from Rs 44 Cr in FY25.
Final Dividend: Rs 3 per shareTotal FY26 Dividend: Rs 5 per shareDividend Yield (approx): 0.66%New Director Experience: 40 yearsTTM Revenue: Rs 1771 Cr
📅 Short termThe stock is expected to remain stable as the dividend and management changes are routine and orderly. The market will focus on the specific Q1 FY27 margin performance.
📈 Long termThe addition of high-caliber independent directors with deep automotive and aerospace backgrounds (Bosch/HAL) supports the company's long-term strategy to scale its DAR (Defense, Aerospace, and Railways) vertical.
Key Highlights
Recommended a final dividend of Rs 3 per share (60% of face value) for FY26.
Total dividend for FY26 reaches Rs 5 per share, including the Rs 2 interim dividend.
Appointment of Mr. Anantakrishnan Krishna as Additional Independent Director and Audit Committee Chairman.
New appointee brings 40 years of experience, including 26 years at Bosch and 14 years at HAL.
Resignation of Mr. Ajay Patil as Director and Audit Committee Chairman effective August 13, 2026.
👀 What to Watch
Investors should monitor the detailed Q1 FY27 results to assess if the company's pivot toward high-margin PV and CV components (currently 60% of sales) is improving the 11.1% OPM.
Alicon Recommends ₹3 Final Dividend; Appoints Former Bosch CFO to Board
Alicon Castalloy has recommended a final dividend of ₹3 per share for FY26, bringing the total dividend for the year to ₹5 per share (100% of face value). The company also announced a significant board transition, appointing Mr. Anantakrishnan Krishna, a former CFO of Bosch with 40 years of experience, as an Independent Director and Chairman of the Audit Committee. This follows the resignation of Mr. Ajay Patil. The board also approved the unaudited financial results for the quarter ended June 30, 2026.
Confidence: HIGH
What changedThe company has refreshed its Audit Committee leadership with a highly experienced industry veteran and finalized its dividend payout for the previous fiscal year.
Why it mattersThe appointment of a former Bosch CFO strengthens corporate governance and financial oversight. The total dividend of ₹5 per share provides a modest yield of approximately 0.66% at the current market price of ₹755.
Final Dividend: ₹3 per shareTotal FY26 Dividend: ₹5 per shareDividend Yield (Total): 0.66%New Director Experience: 40 yearsFace Value: ₹5 per share
📅 Short termThe stock may see neutral to positive sentiment driven by the dividend recommendation and the high-caliber board appointment.
📈 Long termThe addition of a veteran from the automotive components industry (Bosch) to the board is a structural positive for strategic oversight as the company pivots toward high-margin EV and structural parts.
Key Highlights
Recommended a final dividend of ₹3 per equity share (60% of face value) for FY 2025-26.
Total dividend for FY 2025-26 stands at ₹5 per share (100%) including the ₹2 interim dividend.
Appointed Mr. Anantakrishnan Krishna, who has 26 years of experience at Bosch and 14 years at HAL, as Audit Committee Chairman.
Book closure for dividend entitlement set from September 22, 2026, to September 28, 2026.
Mr. Ajay Patil resigned as Director and Audit Committee Chairman effective August 13, 2026.
👀 What to Watch
Investors should note the book closure dates in late September for dividend eligibility and monitor the detailed Q1 FY27 results for margin trends in the PV and EV segments.
₹3 Final Dividend Recommended; Total FY26 Payout Reaches ₹5 Per Share
Alicon Castalloy has recommended a final dividend of ₹3 per equity share (60% of face value) for FY2025-26. Combined with the earlier interim dividend of ₹2, the total dividend for the year stands at ₹5 per share, representing a payout of approximately 23.7% of TTM EPS. The company also announced a key board transition, appointing Mr. Anantakrishnan Krishna (ex-Bosch, 26 years) as an Independent Director and Audit Committee Chairman, following the resignation of Mr. Ajay Patil. The book closure for dividend entitlement is scheduled from September 22 to September 28, 2026.
Confidence: HIGH
What changedThe company has finalized its total dividend payout for FY26 and refreshed its board leadership by inducting an automotive industry veteran from Bosch to lead the Audit Committee.
Why it mattersThe dividend maintains shareholder returns despite a decline in annual PAT from ₹57.3 Cr in FY24 to ₹34.4 Cr in FY26. The board change brings deep domain expertise in manufacturing and finance from a global Tier-1 OEM supplier (Bosch).
Final Dividend: ₹3 per shareTotal FY26 Dividend: ₹5 per shareDividend Yield: 0.66%Dividend Payout vs TTM EPS: 23.7%Book Closure Start: September 22, 2026
📅 Short termThe stock may see minor interest due to the dividend announcement, but the yield is relatively low at 0.66%. Market focus will remain on the Q1 FY27 earnings performance and margin recovery.
📈 Long termThe induction of a Bosch veteran to the board is a positive for corporate governance and operational oversight. Long-term value depends on the execution of the ₹257 Cr order book and the ramp-up of the Defense, Aerospace, and Railways (DAR) vertical.
⚠ Risk flags
- Declining annual profit trend (FY24 to FY26)
- Exposure to global OEM supply disruptions
- High P/E of 35.8 relative to moderate ROCE of 11%
Key Highlights
Recommended final dividend of ₹3 per equity share of ₹5 face value (60%)
Total FY26 dividend reaches ₹5 per share (100%) including ₹2 interim dividend
Book closure period fixed from September 22, 2026, to September 28, 2026
Appointment of Mr. Anantakrishnan Krishna, a veteran with 26 years of experience at Bosch, as Independent Director
Resignation of Mr. Ajay Patil from the Board and Audit Committee chairmanship effective August 13, 2026
👀 What to Watch
Investors should track the upcoming Q1 FY27 detailed financial results to assess if the pivot to high-margin PV/CV components is offsetting the 25% volume dip in the US CV segment. Ensure holdings are in the demat account before September 22, 2026, to be eligible for the final dividend.
Alicon Recommends Rs 3 Final Dividend; Appoints Ex-Bosch Executive to Board
Alicon Castalloy has recommended a final dividend of Rs 3 per share for FY26, bringing the total annual dividend to Rs 5 (100% of face value). The board approved Q1 FY27 results and appointed Mr. Anantakrishnan Krishna, a former Bosch CFO and Board Member with 40 years of experience, as an Independent Director and Audit Committee Chairman. This follows the resignation of Mr. Ajay Patil from the same roles. The book closure for the dividend is scheduled for September 22 to September 28, 2026.
Confidence: HIGH
What changedRecommendation of a final dividend and a change in the Audit Committee chairmanship with the induction of an industry veteran.
Why it mattersMaintains dividend consistency for shareholders and strengthens board expertise with a high-profile automotive industry veteran, which may aid strategic oversight.
Final Dividend: Rs 3 per shareTotal FY26 Dividend: Rs 5 per shareDividend Yield (Total): 0.66%New Director Experience: 40 yearsFace Value: Rs 5
📅 Short termNeutral; market focus will likely remain on the specific Q1 earnings growth figures rather than the dividend or board change.
📈 Long termThe addition of a former Bosch leader may aid the company's stated strategy of pivoting to high-margin PV/CV components and EV parts over the coming years.
Key Highlights
Final dividend of Rs 3 per share recommended for FY26, totaling Rs 5 for the full year.
Total dividend payout represents 100% of the Rs 5 equity share face value.
Appointment of Mr. Anantakrishnan Krishna, bringing 26 years of Bosch and 14 years of HAL experience to the board.
Book closure period for dividend entitlement set from September 22 to September 28, 2026.
Resignation of Audit Committee Chairman Mr. Ajay Patil effective August 13, 2026.
👀 What to Watch
Investors should review the full Q1 FY27 financial statements to assess margin trends against the TTM OPM of 11.1%. The appointment of an industry veteran to the Audit Committee is a positive governance signal to monitor.
Rs 125.5 Cr Capex: Alicon to set up new casting and machining plant in Pune
Alicon Castalloy has announced a capital outlay of Rs 125.5 Cr to establish a new manufacturing facility for Gravity Die Castings (GDC), Low Pressure Die Casting (LPDC), and Machining. The company has secured a 10-year lease for a 1,30,000 sq. ft. ready-built facility in Shikrapur, Pune, near its existing operations. This investment represents approximately 11.3% of the company's current market capitalization and 7.1% of its TTM revenue. The project will be funded through a mix of bank debt and internal accruals to support the company's growth in high-margin segments.
Confidence: HIGH
What changedAlicon is expanding its physical footprint by leasing a 1.3 lakh sq. ft. facility and committing Rs 125.5 Cr to new casting and machining capacity.
Why it mattersThis expansion is critical for Alicon to execute its strategy of pivoting toward high-margin PV and CV components and the DAR (Defense, Aerospace, and Railways) vertical, which currently lacks specified capacity limits.
Capital Outlay: Rs 125.5 CrFacility Area: 1,30,000 sq. feetLease Term: 10 yearsCapex vs TTM Revenue: ~7.1%Capex vs Net Worth: ~21.9%
📅 Short termThe announcement is likely to be viewed positively by the market as a sign of growth commitment, though the focus will remain on the debt-funding details in upcoming quarters.
📈 Long termStructurally positive as it addresses capacity constraints and enables the company to target higher-value structural and EV components, supporting their 9-14% growth guidance.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Execution risk of setting up new lines
- Increased interest burden from new debt
- Potential margin pressure during the initial ramp-up phase
Key Highlights
Capital outlay of Rs 125.5 Cr (Rs 1,255 million) for new manufacturing facilities
Acquisition of 1,30,000 sq. feet of ready-built industrial premises on a 10-year lease
Investment represents ~22% of the company's current Net Worth of Rs 572 Cr
Facility will focus on GDC, LPDC, and Machining to enhance overall manufacturing capacity
Funding to be sourced through a combination of bank borrowings and internal accruals
👀 What to Watch
Investors should monitor the timeline for machinery installation and the subsequent ramp-up in capacity utilization. It is also important to track the impact on the Debt-to-Equity ratio (currently 0.56) as the project involves new bank borrowings.
Alicon Castalloy Shareholders Approve Appointment of Ishaan Rai with 99.99% Majority
Alicon Castalloy Limited has successfully passed an ordinary resolution via postal ballot for the appointment of Mr. Ishaan Rai as a Non-Executive Non-Independent Director. The resolution received overwhelming support with 99.9940% of the votes cast in favor. A total of 10,598,873 votes were polled, representing approximately 64.58% of the company's total outstanding shares. Both the Promoter group and Public Institutions showed 100% consensus in favor of the appointment.
Key Highlights
Appointment of Mr. Ishaan Rai as Non-Executive Non-Independent Director approved by shareholders.
Total votes in favor reached 10,598,242 (99.9940%) against only 631 votes (0.0060%) opposed.
The voter turnout represented 64.58% of the total 16,411,840 outstanding shares.
Promoter and Promoter Group cast 8,824,143 votes, all of which were in favor of the resolution.
Public Institutions cast 1,759,522 votes, also showing 100% support for the management's proposal.
👀 What to Watch
No immediate action is required as this is a routine management appointment that has received strong institutional and promoter backing.
Alicon Castalloy Q4 FY26: New CEO, Data Center Entry, and 19.5% CV Growth
Alicon Castalloy reported a resilient Q4 FY26 performance, marked by the transition to new CEO Sumit Bhatnagar and a strategic entry into the data center cooling market. The domestic commercial vehicle segment saw a 19.5% YoY growth, while the company secured a significant e-Axle housing order from a premium German OEM. However, management warned of a 35% labor cost hike at its Haryana plant and potential margin pressure in FY27 due to rising input costs. The company is mitigating energy risks with over 50% of power now sourced from renewable solar energy.
Key Highlights
Secured a new non-auto order for turbo core compressor components used in data centers, opening a new addressable market.
Domestic CV industry volumes grew by 19.5% YoY in Q4, significantly boosting segment performance.
Minimum wages in Haryana increased by 35% effective April 1, 2026, impacting the Binola factory's labor costs.
Over 50% of total power requirements are now met through renewable solar energy, reducing energy price volatility.
Secured a high-value e-Axle housing program from a premium German automobile OEM, strengthening global EV presence.
👀 What to Watch
Investors should monitor the company's ability to offset the 35% labor cost hike through automation and operational efficiencies in FY27. The diversification into data center components is a positive long-term catalyst that reduces dependence on the cyclical automotive sector.
Alicon Castalloy Q4 FY26 Revenue Hits Record ₹495 Cr; FY26 PAT Declines 25% to ₹34.4 Cr
Alicon Castalloy reported its highest-ever quarterly revenue of ₹495.4 crore in Q4 FY26, a 16% YoY growth driven by strong domestic demand. However, full-year PAT declined by 25% to ₹34.4 crore, significantly impacted by an ₹8 crore exceptional provision for labor codes and higher depreciation costs of ₹105.8 crore. While FY26 EBITDA grew slightly by 3% to ₹203.3 crore, Q4 margins contracted to 9.3% from 11.2% YoY due to rising aluminum prices and inflationary pressures. The company has recommended a dividend of ₹2 per share, signaling confidence in its operational resilience.
Key Highlights
Q4 FY26 Total Income reached a record ₹495.4 crore, up 16% YoY and 15% QoQ.
FY26 PAT fell 25% to ₹34.4 crore, affected by an ₹8 crore exceptional item and 16% increase in depreciation.
EBITDA for FY26 stood at ₹203.3 crore with a margin of 11.4%, showing resilience despite input cost inflation.
The Board recommended a dividend of ₹2 per share (40% of face value).
Domestic business contributed 80% of FY26 revenue, while the Auto segment remains the primary driver at 95%.
👀 What to Watch
Investors should monitor the company's margin recovery as it navigates volatile aluminum prices and higher depreciation from recent expansions. While top-line growth is robust, the impact of global supply chain uncertainties on the international business (20% of revenue) remains a key watchpoint.
Alicon Castalloy Q4 FY26 Revenue Up 16% YoY to ₹495 Cr; Declares ₹2 Dividend
Alicon Castalloy reported a 16% YoY increase in Q4 FY26 revenue to ₹495.4 crore, driven by strong domestic momentum and rising aluminum prices. While PAT grew 141% sequentially to ₹7.9 crore, it declined 16% on a YoY basis due to margin pressure from input costs and product mix shifts. For the full year FY26, revenue grew 4% to ₹1,784.5 crore, but PAT fell 25% to ₹34.4 crore, impacted by an ₹8 crore exceptional provision for the Labour Code and higher depreciation. The Board has recommended an interim dividend of ₹2 per share (40% of face value).
Key Highlights
Q4 FY26 revenue grew 16% YoY to ₹495.4 crore, supported by strong domestic volume growth.
Full-year FY26 PAT declined by 25% to ₹34.4 crore, impacted by an ₹8 crore exceptional labor provision.
EBITDA for Q4 FY26 stood at ₹46.2 crore, down 3% YoY as rising aluminum prices squeezed margins.
Board declared an interim dividend of ₹2 per share on equity shares of face value ₹5 each.
Higher depreciation from growth investments and inflationary pressures on logistics impacted overall profitability.
👀 What to Watch
Investors should monitor the company's margin recovery as it navigates high raw material costs and integrates new growth investments. While domestic demand remains a tailwind, the decline in annual profitability suggests a need for caution until margins stabilize.
Alicon Castalloy Approves FY26 Audited Results; Declares Rs 2 Interim Dividend
Alicon Castalloy has approved its audited standalone and consolidated financial results for the fiscal year ended March 31, 2026. The board declared an interim dividend of Rs 2 per equity share (40% of face value) with a record date of May 19, 2026. Additionally, the company has appointed M/s. P.G. Bhagwat LLP as the internal auditor for the 2026-27 fiscal year. The auditors have provided an unmodified opinion on the financial statements, ensuring reporting transparency.
Key Highlights
Approved audited standalone and consolidated financial results for the year ended March 31, 2026.
Declared an interim dividend of Rs 2 per equity share of face value Rs 5 (40%).
Fixed May 19, 2026, as the record date for dividend entitlement.
Appointed M/s. P.G. Bhagwat LLP as Internal Auditor for the financial year 2026-27.
Auditors issued an report with an unmodified opinion on the financial results.
👀 What to Watch
Investors should note the record date of May 19 for dividend eligibility and review the detailed financial statements for year-on-year growth metrics.
Alicon Castalloy Declares Rs 2 Interim Dividend; Sets May 19 as Record Date
Alicon Castalloy Limited has declared an interim dividend of Rs 2 per equity share, which is 40% of the face value of Rs 5, for the financial year 2025-26. The company has fixed May 19, 2026, as the record date to determine eligible shareholders for this payout. In the same board meeting, the company approved its audited financial results for the fourth quarter and the full year ended March 31, 2026. Additionally, M/s. P.G. Bhagwat LLP was appointed as the internal auditor for the 2026-27 fiscal year.
Key Highlights
Interim dividend declared at Rs 2 per equity share (40% of face value)
Record date for dividend entitlement fixed as May 19, 2026
Audited standalone and consolidated financial results for FY26 approved with unmodified opinion
Appointment of M/s. P.G. Bhagwat LLP as Internal Auditor for FY 2026-27
👀 What to Watch
Investors interested in the dividend should ensure they hold the stock before the ex-dividend date. The declaration of a dividend alongside the annual results suggests stable cash flow management.
Alicon Castalloy Declares Rs 2 Interim Dividend; Sets Record Date for May 19, 2026
Alicon Castalloy's Board has declared an interim dividend of Rs 2 per equity share for the financial year 2025-26, which translates to a 40% payout on the face value of Rs 5. The company has designated May 19, 2026, as the record date to identify eligible shareholders for this distribution. Alongside the dividend, the Board approved the audited financial results for the quarter and full year ended March 31, 2026, with an unmodified audit opinion. Furthermore, M/s. P.G. Bhagwat LLP has been appointed as the Internal Auditor for the 2026-27 fiscal year.
Key Highlights
Interim dividend of Rs 2 per equity share (40% of face value) declared for FY 2025-26
Record date for dividend entitlement fixed as May 19, 2026
Audited standalone and consolidated financial results for FY26 approved by the Board
Auditors issued an unmodified opinion on the financial statements for the year ended March 31, 2026
Appointment of M/s. P.G. Bhagwat LLP as Internal Auditor for the financial year 2026-27
👀 What to Watch
Investors seeking the dividend should ensure they hold the stock prior to the record date of May 19, 2026. It is also advisable to review the full audited financial report to evaluate the company's year-on-year performance.
Alicon Castalloy Declares Rs 2 Interim Dividend and Approves FY26 Audited Results
Alicon Castalloy Limited has approved its audited financial results for the quarter and full year ended March 31, 2026. The Board declared an interim dividend of Rs 2 per equity share, which is 40% of the face value of Rs 5. The record date for determining dividend eligibility is set for May 19, 2026. Additionally, the company has appointed M/s. P.G. Bhagwat LLP as the internal auditor for the 2026-27 financial year.
Key Highlights
Declared an interim dividend of Rs 2 per equity share (40% of face value).
Fixed May 19, 2026, as the record date for dividend entitlement.
Approved audited standalone and consolidated financial results for FY 2025-26 with an unmodified auditor's opinion.
Appointed M/s. P.G. Bhagwat LLP as Internal Auditor for the financial year 2026-27.
👀 What to Watch
Investors should monitor the stock for the upcoming dividend record date of May 19 and review the detailed financial statements to assess the company's growth trajectory.
Alicon Castalloy Appoints Sumit Bhatnagar as CEO Following Rajeev Sikand's Superannuation
Alicon Castalloy has officially transitioned its leadership, with Mr. Sumit Bhatnagar taking over as Chief Executive Officer effective April 1, 2026. He succeeds Mr. Rajeev Sikand, who retired after a planned transition period that began in September 2025. Mr. Bhatnagar brings over 26 years of automotive industry experience, including senior roles at the ANAND Group and Gabriel India. The outgoing CEO, Mr. Sikand, holds 5,08,638 shares in the company, while the new CEO currently holds no shares.
Key Highlights
Mr. Sumit Bhatnagar assumes the role of CEO effective from the close of business on March 31, 2026.
The new CEO brings over 26 years of extensive experience in the automotive sector, including a tenure as Group President of ANAND.
Outgoing CEO Mr. Rajeev Sikand retires with a personal shareholding of 5,08,638 equity shares in the company.
The transition follows a planned succession process initiated in September 2025.
👀 What to Watch
Investors should monitor the company's strategic direction under the new leadership, especially given Mr. Bhatnagar's background in business development and technology transfer. No immediate action is required as this was a pre-announced and orderly succession.
Alicon Castalloy Shareholders Approve ESOS-2026 with 76.65% Majority
Alicon Castalloy Limited has successfully passed a special resolution to implement the Employee Stock Option Scheme-2026 (ESOS-2026). Out of the 5,876,436 total votes polled, 76.65% were in favor, satisfying the requirement for a special resolution. However, the voting pattern revealed significant dissent from public institutions, where 72.29% of their votes were cast against the scheme. The promoter group and non-institutional public shareholders provided the primary support for the resolution.
Key Highlights
Special resolution for ESOS-2026 passed with 4,504,425 votes in favor (76.65%) and 1,372,011 against (23.35%).
Total voter turnout was 35.97% of the company's 16,336,840 total shares.
Public institutions showed high resistance, with 1,366,053 votes (72.29% of their polled votes) against the resolution.
Promoter group and Public Non-Institutional shareholders voted nearly 100% and 99.73% in favor, respectively.
👀 What to Watch
Investors should review the specific terms of the ESOS-2026 to understand the potential equity dilution and why institutional investors showed high dissent. While ESOPs align employee interests, the significant institutional 'Against' vote suggests concerns over scheme pricing or dilution limits.
Alicon Castalloy to Seek Shareholder Approval for 3 Lakh Unit ESOP Scheme 2026
Alicon Castalloy has issued a postal ballot notice to seek shareholder approval for its new Employee Stock Option Scheme (ESOS - 2026). The scheme proposes to grant up to 3,00,000 options, convertible into an equal number of equity shares with a face value of ₹5 each. This initiative is designed to incentivize and retain permanent employees across the company, its subsidiaries, and associate companies. The e-voting process for this special resolution is scheduled to run from February 26, 2026, to March 27, 2026.
Key Highlights
Proposed issuance of up to 3,00,000 stock options under the new ESOS - 2026 scheme.
Each option is exercisable into one equity share of face value ₹5 fully paid-up.
Scheme excludes Promoters, Independent Directors, and shareholders holding more than 10% stake.
E-voting period for shareholders begins on February 26 and concludes on March 27, 2026.
The resolution is being passed as a Special Resolution via postal ballot through electronic mode only.
👀 What to Watch
Investors should note the potential minor equity dilution from the 3 lakh new shares and view this as a standard move for talent retention. No immediate action is required other than participating in the e-voting process if eligible.
Alicon Castalloy Q3 FY26 Revenue Up 10% to ₹430 Cr; PAT Rises 322% YoY on Low Base
Alicon Castalloy reported a resilient Q3 FY26 with revenue growing 10% YoY to ₹430 crore, driven by strong domestic automotive demand following GST rationalization. While PAT surged 322% YoY to ₹3.3 crore, it saw a significant 76% sequential decline due to a ₹5 crore exceptional charge for labor code implementation and higher employee costs. The company secured four new strategic orders, including a high-value eAxle housing for a premium German OEM. Management expects a stronger normalization in FY27 as global trade overhangs lift and new programs commence production.
Key Highlights
Revenue grew 10% YoY to ₹430 crore, marking the fourth consecutive quarter of sequential growth.
EBITDA increased 34% YoY to ₹47.2 crore, though EBITDA margin contracted to 10.9% from 12.9% in the previous quarter.
Recognized a ₹5 crore exceptional item related to the implementation of the new labor code.
Cumulative 9M FY26 capex reached ₹92 crore, with a full-year target of ₹125-130 crore focused on automation and capacity.
Secured a technologically advanced order for eAxle housing from a premium German automobile OEM for its European facility.
👀 What to Watch
Investors should monitor the stabilization of EBITDA margins and the ramp-up of new CV and EV programs scheduled for FY27. While domestic demand is robust, the recovery of global operations and the impact of new trade agreements remain key triggers for future growth.
