Alicon Castalloy Limited
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BSE Code:
531147
NSE Code:
ALICON
Business Profile
Business Profile
Enkei Castalloy (ENKEICAQ) is a manufacturer of aluminum alloy castings. It was incorporated as a private limited company on Dec. 19, 1990, converted into a public limited company on Oct. 18, 1994. Earlier known as Pegasus Castalloy, it got its present name with effect from Nov. 03, 2003. The company was jointly promoted by Rai and Associates of India and Enkei Corporation, Japan, a USD 2 billion group, which is the second largest manufacturer of alloy wheels in the world with a sale of more than a million wheels per month from its plants across the globe. Atlas Automotive Components is a group company.
The product portfolio includes cylinder heads for passenger cars, cylinder heads for four stroke 2/3 wheelers, engine crank cases, support brackets, intake manifolds, steering housings, and alloy wheels. Plants are located at Pune in Maharahtra and Gurgaon in Haryana with an annual capacity of 9.2 million aluminum alloy units. Core competencies lie in die designing and tool manufacturing, gravity-die casting, low-pressure die casting, machining and assembly, alloy wheel and painting. The patented Most Advanced Production (MAP) system is followed to manufacture alloy wheels as is used worldwide by Enkei.
Products are supplied to various tier I and tier II suppliers of global original equipment manufacturers in Europe and USA. Maruti Suzuki, Honda Siel Cars, Tata Motors, Hyundai Motors, Mahindra & Mahindra, Bajaj Auto, Hero Honda Motor Industries, Honda Scooter and Motorcycle Company, Suzuki Motors India, and Yamaha India are among the many customers in India. The company also caters to international clients such as Trelleborg, Behr Group, ZF Group, and GWK Group to name a few.
The registered office is at Gate No 1426, Shikrapur village, Shirur taluka, Pune-412208, Maharashtra.
Financials
Enkei Castalloy registered a 0.17% growth in net profits to Rs 11.74 million for the quarter ended June 2008 from a profit of Rs 11.72 million for the quarter ended June 2007.
Net sales rose 7.6% to Rs 818.62 million for the quarter ended June 2008 from Rs 760.79 million for the quarter ended June 2007.
Total income rose 8.26% to Rs 827.65 million for the quarter ended June 2008 from Rs 764.53 million for the quarter ended June 2007.
The earnings per share (EPS) of the company stood at Rs 1.07 for the quarter ended June 2008.