Alicon Castalloy (531147) Q4 17/18 earnings summary

Executive summary

• FY 2017-18 consolidated net sales rose 31.3% to ₹1,013.49 crore; PBT rose 56.6% to ₹55.57 crore and PAT to ₹38.68 crore.

• Overseas business grew 67.2% and reached 18.5% of consolidated revenue; EV components and niche products broadened the growth opportunity.

Financial highlights

• Consolidated revenue from operations was ₹1,037.81 crore vs ₹865.49 crore; total income was ₹1,047.28 crore vs ₹869.24 crore.

• Consolidated EBITDA was ₹117.64 crore, up 32.4%; PBT was ₹55.57 crore, up 56.6%; PAT was ₹38.68 crore, up 56.6%.

• Consolidated basic EPS was ₹29.52 vs ₹21.35; diluted EPS was ₹28.49 vs ₹21.00.

• Operating cash flow was ₹40.81 crore vs ₹35.19 crore; capital expenditure on property, plant and equipment was ₹58.14 crore.

Outlook and guidance

• Target set for international business to reach one-third of revenue by FY 2020-21; overseas business was 18.5% of consolidated revenue in FY 2017-18.

• Greenfield facility at Khed, Pune, planned with high automation, Industry 4.0-compliant machinery and single-piece flow; expansion is intended to support future growth.

• Growth priorities include R&D, automation, new product lines and diversification into EV, defence, healthcare and power applications.