Alicon Castalloy Limited was originally incorporated as Enkei Castalloy Limited in 1990. The name was changed to Alicon Castalloy Limited in September 2010. The company is a prominent manufacturer of aluminum alloy die castings, primarily serving the automotive segment of the industry in India. It was established as a joint venture between Pegasus Castalloy Ltd and Enkei Corporation of Japan, one of the largest manufacturers of alloy wheels globally.
Headquartered in Pune, India, Alicon Castalloy has a total of 3,106 employees and a significant international presence in 18 countries, as part of the Alicon Group. The company operates one of India's largest aluminum foundries and is a pioneer in processing Low-Pressure Die Casting (LPDC) and Gravity Die Casting (GDC). It is also a leading developer of Pro-Cast and Magma space technologies in India.
Alicon Castalloy, along with its subsidiaries, specializes in the design, engineering, casting, machining, assembly, painting, and surface treatment of aluminum components. The company manufactures a wide range of aluminum castings, including cylinder heads, support brackets, intake manifolds, crankshafts, and engine brackets for the automotive industry.
Beyond auto components (such as cylinder heads, engine and transmission brackets, bridge fork tops, intake manifolds, and swing arms), the firm also offers non-auto components for various sectors like agriculture, aerospace, marine, locomotives, infrastructure, energy, defense, and medical and health.
The Alicon Group leads the Indian market in manufacturing cylinder heads for two-wheelers and four-wheelers and holds the distinction of being a single-source supplier of many critical engine parts to some of India's largest OEMs. Its technical expertise, derived from Enkei Japan, has been instrumental in establishing advanced manufacturing systems for aluminum die-cast products in India.
The company's manufacturing plants are strategically located at Shikrapur and Chinchwad (Maharashtra), Binola (Haryana) in India, and also in Slovakia, Europe. Alicon Castalloy boasts an annual installed capacity of 24,000 metric tons for India and an Euro 20 million installed capacity for Europe. These facilities are equipped with state-of-the-art heat treatment, machining, and quality infrastructure, positioning the Alicon Group as a reliable partner for casting needs. In FY 2023-24, the company further enhanced its capacities with the installation of advanced equipment at its Shikrapur facility.
While primarily serving the auto sector, the company's products also cater to the non-auto sector. Its esteemed customer base includes major automotive players like Maruti Suzuki Limited, Honda Cars India, Tata Motors, Bajaj Auto Limited, Hero MotoCorp, and Honda Motorcycle and Scooter India.
Internationally, Alicon serves renowned customers such as John Deere, Behr Group, GE, Knorr-Bremse, ZF Group, and GWK Group. The company also extends its reach to automotive customers in Europe and the United States through its European subsidiary, Illichmann Castalloy.
Alicon Castalloy Ltd has a market capitalization of ₹1,465 crore as of March 2025.
For the financial year ended March 2025:
- Sales rose by 10.32% to ₹1,720.36 crore, compared to ₹1,559.37 crore in the previous year (March 2024).
- Net profit, however, declined by 24.84% to ₹46.06 crore, from ₹61.28 crore in the previous year (March 2024).
- Q3 FY2024-25 Results (December 2024):
- Revenue fell by 3.16% year-over-year to ₹392.93 crore.
- Net profit significantly dropped by 95.34% year-over-year to ₹0.78 crore.
- Q4 FY2024-25 Results (March 2025):
- Sales rose by 1.25% to ₹424.53 crore, compared to ₹419.30 crore in the previous quarter (March 2024).
- Net profit declined by 54.09% to ₹9.43 crore, compared to ₹20.54 crore in the previous quarter (March 2024).
- Market Capitalization: ₹1,465 crore (as of March 2025)
- FY2024-25 Net Sales: ₹1,720.36 crore
- FY2024-25 Net Profit: ₹46.06 crore
- Promoter Holding: 54.26% (as of March 2025)
In FY 2014-15, the Casting Unit of Atlas Castalloy Limited merged with Alicon Castalloy through a Scheme of Arrangement approved by the Hon'ble High Court of Bombay on October 23, 2015, which became effective from November 29, 2015. Earlier, on April 1, 2010, the alloy wheel business was demerged into a separate entity, Enkei Wheels India Ltd.
Alicon Castalloy has declared an interim dividend of ₹2.5 per equity share for FY 2024-26, with May 17, 2025, fixed as the record date for payment. Promoter holding in Alicon Castalloy Ltd decreased to 54.26% as of March 2025, from 55.20% as of June 2024.
Alicon Castalloy reported a 10% revenue growth for FY25 and holds a robust order book worth ₹9,000 crore. The company has allocated ₹170 crore for CAPEX and has revised its FY26 revenue guidance to ₹1,900-1,950 crore.
The company's strategic vision is to become the globally preferred supplier for light Alloy Casting Solutions. Alicon continues to expand its footprint in both automotive and non-automotive segments, aiming to sustain its leadership position in the aluminum casting industry.
