Accumulate Alicon Castalloy; target of Rs 1765: Mehta Equities

Mehta Equities recommended accumulate rating on Alicon Castalloy with a target price of Rs 1765 in its research report dated July 31, 2024.

Broker Research

August 02, 2024 / 09:39 IST

Accumulate

26 Aug, 2025 12:21

Volume

Todays L/H

Mehta Equities' report on Alicon Castalloy

Alicon Castalloy Limited (ALICON) is a leading global manufacturer and supplier of high-quality aluminium castings. With a rich history, it has grown into a prominent player in the casting sector, serving diverse industries worldwide. The company operates state-of-the-art manufacturing facilities in India, and has expanded its presence to strategic international locations such as Austria and Slovakia to cater to a global clientele. The firm specialises in providing innovative and technically advanced casting solutions, leveraging its expertise in various casting processes such as gravity die casting, low-pressure die casting, and sand casting. The product portfolio includes a wide range of high-performance castings for the automotive, aerospace, defence, and industrial sectors. Alicon Castalloys' commitment to quality, precision, and customer satisfaction has earned it a reputation as a trusted partner for some of the world's leading brand.

Outlook

Given the strong growth and margin outlook, we estimate FY26E EPS at Rs 65.37 and assign a PE multiple of 27x to arrive at a target price of Rs 1,765, which represents an upside of approximately 41%. We recommend an "ACCUMULATE" rating on Alicon Castalloy Ltd. for medium to long-term investment.

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