ALICON CASTALLOY LIMITED

Manufactures aluminium castings — gravity die castings, low pressure die castings and machined components — almost entirely for automotive OEMs. The company operates in a single segment, aluminium castings, sold to global and Indian vehicle makers including JLR (Range Rover program now in production) and Daimler, alongside domestic two-wheeler, passenger vehicle and commercial vehicle platforms. FY26 consolidated revenue was ₹1,775.73 crore, with Q4 FY26 alone delivering ₹495 crore (+16% YoY), and 14 new parts added across 7 customers during the year carrying peak annual sales potential of ₹140 crore. Operations run at 78% capacity utilisation, prompting a new 1,30,000 sq ft plant near Shikrapur, Pune with capital outlay of ₹1,255 million for gravity die casting, low pressure die casting and machining, funded via bank borrowings and internal accruals. The executable order book stands at ₹7,600 crore spread over six years (FY25-26 to FY30-31), including the Daimler program expected to peak at ₹80-90 crore annual sales in H2 FY27. Raw materials, principally aluminium, account for 54.4% of revenue and were the main driver of a 248 bps gross margin compression in Q4 FY26.