Aluminium Price Volatility
Sharp increase in aluminium prices (30-35% QoQ) pressured gross margins; pass-through lags may persist.
high · management_commentaryAlicon Castalloy Limited — Q4 FY26
Alicon delivered a record quarterly revenue of ₹495 crore (+16% YoY), driven by strong domestic demand across PV, CV, and two-wheeler segments.
neutral
medium
✓ Verified against BSE filing
Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
Labour Cost Inflation at Bawal Plant
Minimum wage hike in Haryana effective April 2026 will increase labour cost by ~35% at the Bawal factory.
medium · management_commentaryDelayed Ramp-Up of Global Programs
JLR program delayed by 18 months; export volumes remain soft due to geopolitical issues and tariffs.
high · analyst_questionLow Asset Turnover on New Capex
New investments require complex machining and automation, limiting asset turnover to below 2x historically.
medium · data_observation