Buy Alicon Castalloy: target of Rs 1056: Sharekhan
Sharekhan is bullish on Alicon Castalloy has recommended buy rating on the stock with a target price of Rs 1056 in its research report dated November 18, 2021.22-11-2021
22-11-2021
Alicon Castalloy Ltd - 531147 - Related Party Transaction For The Half Year Ended September 30, 2021
Pursuant to Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and all other applicable regulations, if any, the Disclosures of Related Party Transactions for the Half Year ended September 30, 2021 are enclosed for your records. Kindly take this information on your record.17-11-2021
Q2FY22 Quarterly Result Announced for Alicon Castalloy Ltd.
Highlights: Q2 FY22 vs. Q2 FY21: Total Income at Rs. 268.73 crore compared to Rs. 205.15 crore EBITDA at Rs. 25.26 crore compared to Rs. 26.71 crore PBT at Rs. 4.66 crore as compared to Rs. 5.61 crore Profit after Tax at Rs. 3.02 crore compared to Rs. 5.28 crore Q2 FY22 vs. Q1 FY22: Total Income at Rs. 268.73 crore compared to Rs. 211.68 crore EBITDA at Rs. 25.26 crore compared to Rs. 18.03 crore PBT at Rs. 4.66 crore as compared to Rs. (3.22) crore Profit after Tax at Rs. 3.02 crore compared to Rs. (4.20) crore H1 FY22 vs. H1 FY21: Total Income at Rs. 480.41 crore compared to Rs. 258.81 crore EBITDA at Rs. 43.30 crore compared to Rs. 3.30 crore PBT at Rs. 1.44 crore as compared to Rs. (39.11) crore Profit after Tax at Rs. (1.17) crore compared to Rs. (38.71) crore Commenting on the performance, Mr. Rajeev Sikand, Group CEO, Alicon Castalloy said, “In Q2, we witnessed a recovery in demand in the domestic markets on the back of improved economic activity, which translated to higher overall volumes during the quarter. This could have been better but for the shortage of semi-conductors which has constrained production schedules for our customers. There was also an element of higher pricing of alloys during the period. The combination of these factors has enabled us to report consolidated revenues of Rs. 268.7 crore during the quarter, higher by 31% YoY and 27% QoQ. Increased volumes and the resultant operating leverage have enabled us to deliver improved profitability. However, the compression in margin is optical due to the higher base driven by increase in input prices. Our contracts with our customers enable a 100% pass-through and we are actively engaging with them to shorten the lag. This will enable more rapid transmission of input prices, thereby protecting our working capital and cash flow position to a considerable extent. In this quarter, we have announced several order wins with multiple existing and new OEMS, which further strengthen the growth visibility in the years ahead. We are encouraged to share that incremental orders to be executed over the next 5 years now aggregate over Rs. 3,000 crore. Further, we have built a portfolio of over 65 live parts in the EV business. We are confident that EV revenues will contribute 25% of overall revenues by FY2025-26. While there are supply-side constraints in the shorter-term, from a longer run perspective, we are seeing very exciting times in the domestic auto industry. The recently announced PLI scheme along with the scrappage policy and FAME scheme work in favour of the domestic auto and auto components sectors in multiple ways. Even on the supply side, our ongoing interactions with our partners indicate that the RM issues are beginning to ease and with continual retail enquiries and the upcoming festive season, we remain positive that the volumes will see a steady uptick in the quarters ahead.” Result PDF15-11-2021
Alicon Castalloy Limited - 531147 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Alicon Castalloy announces H1 FY22 Earning12-11-2021
Alicon Castalloy Ltd - 531147 - Announcement under Regulation 30 (LODR)-Investor Presentation
Pursuant to the SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached investor presentation on the financials for the quarter ended September 30, 2021. This is for your information and records.12-11-2021
Alicon Castalloy Limited - 531147 - The Unaudited Financial Results For The Second Quarter/Half Year Ended On September 30, 2021
Pursuant to Regulation 30 of The SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wanted to inform that the Board of Directors, at its Meeting held on November 11, 2021, have inter-alia taken the following decisions: - 1. Considered and approved the unaudited financial results for the second quarter/half year ended on September 30, 2021. A copy of the consolidated and standalone unaudited financial results, statement of assets and liabilities and cash flow statement along with copy of Limited Review Report issued by the Statutory Auditors is enclosed herewith as per Regulation 33 (3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.11-11-2021
Alicon Castalloy Limited - 531147 - Board Meeting Outcome for Outcome Of Board Meeting Of Alicon Castalloy Limited Held On Thursday, November 11, 2021.
Pursuant to Regulation 30 of The SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wanted to inform that the Board of Directors, at its Meeting held on November 11, 2021, have inter-alia taken the following decisions: - 1. Considered and approved the unaudited financial results for the second quarter/half year ended on September 30, 2021. A copy of the consolidated and standalone unaudited financial results, statement of assets and liabilities and cash flow statement along with copy of Limited Review Report issued by the Statutory Auditors is enclosed herewith as per Regulation 33 (3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.11-11-2021
Alicon Castalloy Limited - 531147 - Intimation Of Conference Call For Investors And Analysts Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby intimate that a conference call for investors and analysts is being organized by the Company on Friday, November 12, 2021 at 11:30 AM IST. The conference call will be initiated with a brief management discussion on the results for quarter and half year ended September 30, 2021 followed by an interactive Question & Answer session. Invite in this regard is attached for your information and record. You are requested to take note of the same.08-11-2021
Alicon Castalloy Ltd - 531147 - Board Meeting Intimation for Intimation Of Board Meeting Dated November 11, 2021
Alicon Castalloy Limitedhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/11/2021 ,inter alia, to consider and approve We hereby inform you that the Meeting of Board of Directors of the Company is scheduled to be held on Thursday, the November 11, 2021 inter-alia: 1. To consider and approve the Unaudited Financial Results for the second quarter and half year ended on September 30, 2021. Further, in accordance with the provisions of SEBI (Prohibition of Insider Trading) Regulations 2015, the "Trading Window" for dealing in Equity Shares of the Company has kept closed for Directors/Officers and Designated Employees from Friday, October 01, 2021 to Saturday November 13, 2021 (both days inclusive).01-11-2021
Alicon Castalloy Ltd - 531147 - Certificate Under Regulation 74 (5) Of The SEBI (Depositories And Participants) Regulations, 2018 For The Quarter Ended March 31, 2021
Based on the certificate received from Universal Capital Services Private Limited, Registrar and Transfer Agent of the company, we hereby certify that the securities received for dematerialization have been mutilated and cancelled after due verification and the name of the depository has been substituted in our records as the registered owner within the stipulated time of receipt of certificate of security. Further, we hereby certify that the securities which were dematerialized are listed on the Stock Exchange(s) where the earlier issued securities are listed. We request you to take this information on Record.28-10-2021