Alicon Castalloy jumps up 5%
By Ruma Dubey
about 6 years ago
Alicon Castalloy rose almost 5% to Rs.618.35 but it remains a thinly traded stock – as against two-week average volume of 465 shares being traded, today morning 153 changed hands. Market cap stands at Rs.825 crore.
The company is an auto component manufacturer of aluminium castings and the market is thrilled with its performance for Q1FY19.
The company posted an over 50% (YoY) jump in revenue at Rs.297 crore and net profit doubled up from Rs.6 crore to Rs.12 crore.
EBITDA was up 56% at Rs.32 crore and margins rose from 10.5% to 11%.
Its equity is pretty small at Rs.6.68 crore and EPS for for current Q1 was at Rs.9.20 (FV of Rs.5) v/s Rs.9.78 in Q4 and Rs.4.98 in previous Q1.