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Short Term Investment – ALICON CASTALLOY

ALICON CASTALLOY

CMP – Rs.63

BSE Code : 531147

NSE Symbol : ALICON

Q2FY12 & FY11 Results of ALICON CASTALLOY

During FY11, sales on consolidated basis advanced by 65.1% to `346.3 crore but net profit rose by 14.2% to `15.3 crore. OP and NP margin stood at 12.1% and 4.4% against 17.3% and 6.3% respectively in the corresponding period last year. EPS stood at `13.9. A dividend of 20% was paid.

The debt-equity ratio as on FY11 stood at 1.3:1 whereas the value of the gross block, including `13 crore added in H1FY12 works out to `204 crore.

During Q2FY12, sales on consolidated basis advanced 42.7% to `119.4 crore and net profit rose 23% to `4.2 crore. (YoY). OPM and NPM stood at 9.5% and 3.5% compared to 12.9% and 4.0% respectively in Q2FY11.

About ALICON CASTALLOY

Incorporated in 1990 as Enkei Castalloy, ACL is a joint venture between Rai and Associates, India and Enkei Corporation, Japan. ACL’s main site is located at Shikrapur, Pune while the other site is at Gurgaon in North India. During FY10, ECL separated its wheel business (Enkei Wheels) in 1:1 ratio. ACL has set up 100% subsidiary in Austria, which will be used as special purpose vehicle (SPV) for acquisitions. Mfg capacity is 24, 000 tpa in India and Euro 20 Mn in Europe.

ACL is one of the largest integrated aluminium casting manufacturing group in India offering end to end solutions across the entire value chain and delivers best-in-class Gravity & Low Pressure casting experience to its customers at the most optimal costs.

This entry was posted on Monday, January 23rd, 2012 at 10:33 am and is filed under Short Term Investments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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