Alicon Castalloy Share Price Target 2027–2030: EPS-Based Forecast After Q2 FY27

Price as of 13 Nov 2026 close: ₹964 (NSE: ALICON, BSE: 531147). Results are consolidated Q2 FY27 figures (quarter to 30 Sep 2026) as reported by Univest and MarketsMojo. Price and trailing figures from StockAnalysis.

Alicon Castalloy makes aluminium castings for two-wheelers, cars, trucks and EVs. Its shares jumped about 16% on 13 November 2026 to a 52-week high after Q2 FY27 results: revenue rose 51% to ₹650 crore and profit 27% to ₹17.6 crore. The caution is margins — operating margin fell to 9.7% from 12.8%. At ₹964 the stock trades at about 39× trailing earnings, after a weak FY26.

1. Alicon Castalloy Share Price Targets 2027–2030 at a Glance

All three scenarios come from one formula (next section). Targets are for the end of each calendar year.

The base case implies a price change of roughly 17% a year from today's ₹964 to the end of 2030.

2. How We Calculate These Targets

Target = projected EPS × P/E multiple. Each year-end target uses the EPS of the financial year that follows (for example, the 2027 target uses FY28 EPS), because markets price stocks on forward earnings. Read our full methodology.

• Starting EPS: trailing twelve-month EPS of about ₹24.61 (₹964 ÷ ~39.2× P/E). Trailing earnings include a weak FY26; recent quarters are stronger.
• Bear case: EPS grows 5% a year, P/E 22×. Margins stay under pressure and auto demand slows; the multiple falls.
• Base case: EPS grows 20% a year, P/E 30×. Revenue growth continues and margins partly recover toward 11–12%; P/E eases from ~39×.
• Bull case: EPS grows 26% a year, P/E 36×. EV and export orders scale and margins return to past levels.

Worked example (base, 2027): ₹24.61 × 1.20 × 1.20 = ₹35.44 FY28 EPS → × 30 = ₹1,065.

Sensitivity — 2030 base-case EPS of ₹61.24 at different multiples:

3. Latest Results: What Changed

What changed: revenue surged, but part of the increase likely reflects higher aluminium prices passed on to customers — management’s own guidance is 8–10% growth excluding aluminium price effects. That explains why margins fell even as revenue jumped.

What it means for the targets: the base case assumes 20% EPS growth from a depressed trailing base, with the multiple easing.

4. Alicon Castalloy Share Price in 2026: Where It Stands

With only weeks left in 2026, a year-end "target" is not meaningful. The stock closed at ₹964 on 13 Nov 2026, within a 52-week range of ₹580 – ₹995. The stock is near its 52-week high after a 16% one-day jump.

5. Alicon Castalloy Share Price Target 2027: ₹595 – ₹1,405 (Base ₹1,065)

Based on FY28 EPS of ₹27.13 / ₹35.44 / ₹39.07 (bear / base / bull). What to watch: operating margin recovering above 11%.

6. Alicon Castalloy Share Price Target 2028: ₹625 – ₹1,770 (Base ₹1,275)

Based on FY29 EPS of ₹28.49 / ₹42.53 / ₹49.23 (bear / base / bull). What to watch: volume growth excluding aluminium price effects.

7. Alicon Castalloy Share Price Target 2029: ₹660 – ₹2,235 (Base ₹1,530)

Based on FY30 EPS of ₹29.91 / ₹51.03 / ₹62.03 (bear / base / bull). What to watch: EV and export customer wins.

8. Alicon Castalloy Share Price Target 2030: ₹690 – ₹2,815 (Base ₹1,835)

Based on FY31 EPS of ₹31.41 / ₹61.24 / ₹78.16 (bear / base / bull). What to watch: by 2030 small yearly differences compound into a wide range; revisit after each annual result.

9. Key Metrics

10. Peer Comparison

11. Risks That Would Break the Base Case

• Aluminium prices: swings affect revenue and margins.
• Auto cycle: demand depends on vehicle production.
• Customer concentration: a few large automakers buy most of its output.
• Momentum: after a 16% one-day jump, the stock may be volatile.

12. What the Numbers Suggest

Alicon’s revenue is growing fast, but margins fell. The variable to track is operating margin. If it recovers, the base case (₹1,835 by 2030) is reasonable; continued compression points to the bear case.

This is a framework, not a recommendation. Your own decision should depend on your time horizon, risk tolerance and existing holdings.

13. FAQs on Alicon Castalloy Share Price

What is the Alicon Castalloy share price target for 2027?
Our base case is ₹1,065, assuming 20% annual EPS growth and a 30× P/E. The range is ₹595 (bear) to ₹1,405 (bull).

What is the Alicon Castalloy share price target for 2030?
Base case ₹1,835; range ₹690 to ₹2,815. It assumes FY31 EPS of about ₹61.24.

Why did Alicon Castalloy shares jump?
Strong Q2 FY27 results: revenue up 51% and profit up 27%.

What was Alicon’s profit in Q2 FY27?
About ₹17.6 crore, up about 27%.

What does Alicon Castalloy make?
Aluminium castings for two-wheelers, cars, commercial vehicles and EVs.

Why did Alicon’s margins fall?
Operating margin fell to 9.7% from 12.8%, partly because higher aluminium prices inflate revenue without adding profit.