WEBSITE BSE:539121 NSE: PALCO Inc. Year: 1960 Industry: Aluminium & Aluminium Products My Bucket: Add Stock
Last updated: 11:15
No Notes Added Yet
1. Business Overview
Palco Metals Ltd. operates in the Aluminium & Aluminium Products sector in India. The company is primarily involved in the manufacturing, processing, or trading of various aluminium products. Its core business model likely revolves around supplying these aluminium products (which could include ingots, sheets, coils, extrusions, or other semi-finished/finished goods) to industrial customers across diverse sectors such as construction, automotive, electrical, packaging, and consumer durables. The company generates revenue by selling these processed or raw aluminium materials and products to its B2B clientele.
2. Key Segments / Revenue Mix
Without specific financial disclosures or company reports, the exact breakdown of key business segments or their revenue contribution is not publicly available. Given its industry, the company's primary and potentially sole segment is likely "Aluminium & Aluminium Products," encompassing its entire range of offerings within this domain.
3. Industry & Positioning
The Indian Aluminium & Aluminium Products industry is a capital-intensive and cyclical sector, heavily influenced by global commodity prices and demand from end-user industries. It comprises a mix of large integrated players (from mining to finished products) and numerous smaller re-rollers, fabricators, and traders. Palco Metals Ltd., without scale or market share data, is likely positioned as a smaller to mid-sized player within this competitive landscape. Such companies often focus on specific product types, regional markets, or niche applications where they can effectively compete on factors like cost, quality, or service.
4. Competitive Advantage (Moat)
Based on the general nature of the "Aluminium & Aluminium Products" industry and typical characteristics of smaller players, Palco Metals Ltd. is unlikely to possess a strong, durable competitive advantage (moat) in the form of brand equity, significant economies of scale, proprietary technology, or high switching costs. The market for many aluminium products is largely commoditized, leading to intense price competition. Any advantages would likely stem from operational efficiency, strong customer relationships in specific regions, or specialized product offerings, which are generally harder to sustain as strong moats.
5. Growth Drivers
Key factors that can drive growth for Palco Metals Ltd. over the next 3-5 years include:
Infrastructure Development: Continued government spending on infrastructure, construction, and smart city projects in India.
Automotive Sector Growth: Increasing demand from the automotive industry for lightweight aluminium components to improve fuel efficiency and meet emission norms.
Electrical & Power Sector: Expansion of electricity generation, transmission, and distribution networks.
Urbanization & Industrialization: Rising demand for consumer durables, packaging, and industrial machinery driven by urbanization and overall economic growth in India.
"Make in India" Initiative: Government focus on boosting domestic manufacturing across various sectors, indirectly benefiting aluminium product suppliers.
6. Risks
Commodity Price Volatility: Aluminium prices are subject to global supply-demand dynamics and geopolitical factors, impacting revenue and profitability.
Input Cost Fluctuations: Volatility in the cost of raw materials (e.g., bauxite, alumina, scrap aluminium) and energy (power, fuel) can compress margins.
Cyclicality of End-User Industries: Dependence on sectors like construction and automotive makes the company susceptible to their cyclical downturns.
Intense Competition: The presence of larger, integrated players and numerous smaller firms creates a highly competitive environment, potentially limiting pricing power.
Regulatory & Environmental Compliance: Evolving environmental regulations can lead to increased compliance costs and operational restrictions.
Economic Slowdown: A general economic slowdown in India could dampen demand across all end-user sectors.
7. Management & Ownership
For many smaller Indian companies, ownership and control typically reside with promoter families, who often also hold key management positions. While specifics about Palco Metals Ltd.'s management quality or detailed ownership structure are not available without public filings, the company would likely be overseen by its founding or controlling family members. Assessment of management quality would require evaluating their strategic decisions, financial performance track record, and corporate governance practices, which are not detailed here.
8. Outlook
Palco Metals Ltd. operates within an industry poised to benefit from India's long-term economic growth, urbanization, and ambitious infrastructure development plans, which should drive sustained demand for aluminium products. The ongoing trend of lightweighting in sectors like automotive also presents a structural tailwind. However, the company faces inherent challenges common to the aluminium sector, including significant exposure to global commodity price fluctuations for both raw materials and finished goods, intense competition from larger and more diversified players, and the cyclical nature of its primary end-user markets. Its ability to achieve sustainable growth and profitability will depend on effective cost management, strategic positioning within niche segments, and adept navigation of volatile market conditions.
Our experts help you choose the right stocks based on performance, risk, and growth potential.
Market Cap ₹60 Cr.
Stock P/E 9.5
P/B 5.9
Current Price ₹150
Book Value ₹ 25.5
Face Value 10
52W High ₹239.9
Dividend Yield 0%
52W Low ₹ 88.9
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 42 | 53 | 61 | 60 | 53 | 62 | 72 | 55 | 75 | 82 |
| Other Income | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 |
| Total Income | 42 | 53 | 61 | 60 | 53 | 62 | 72 | 56 | 76 | 83 |
| Total Expenditure | 41 | 52 | 57 | 55 | 50 | 60 | 69 | 54 | 74 | 77 |
| Operating Profit | 2 | 1 | 4 | 5 | 3 | 2 | 3 | 1 | 2 | 5 |
| Interest | 0 | 0 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 3 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 1 | 4 | 2 | 4 | 2 | 2 | 1 | 0 | 0 | 4 |
| Provision for Tax | 0 | 0 | 2 | 1 | -0 | 1 | 0 | 0 | 0 | 1 |
| Profit After Tax | 1 | 4 | 1 | 3 | 2 | 1 | 1 | 0 | 0 | 3 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | -0 | -0 | 0 | -0 | 0 |
| Profit After Adjustments | 1 | 4 | 1 | 3 | 2 | 1 | 1 | 0 | 0 | 3 |
| Adjusted Earnings Per Share | 2.9 | 9.3 | 1.4 | 7.1 | 3.9 | 3.2 | 2.5 | 0.7 | 0.8 | 6.9 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 0 | 0 | 0 | 96 | 112 | 62 | 95 | 174 | 160 | 194 | 246 | 284 |
| Other Income | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 1 | 1 | 0 | 1 | 0 |
| Total Income | 0 | 0 | 0 | 97 | 112 | 62 | 96 | 174 | 160 | 194 | 247 | 287 |
| Total Expenditure | 0 | 0 | 0 | 94 | 110 | 60 | 93 | 166 | 156 | 187 | 234 | 274 |
| Operating Profit | 0 | -0 | 0 | 3 | 2 | 2 | 3 | 9 | 4 | 8 | 13 | 11 |
| Interest | 0 | 0 | 0 | 2 | 2 | 1 | 1 | 1 | 2 | 2 | 3 | 4 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 1 | 2 | 1 |
| Exceptional Income / Expenses | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 |
| Profit Before Tax | 0 | 1 | 0 | 1 | -1 | 0 | 1 | 7 | 2 | 6 | 9 | 5 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 1 | 2 | 1 |
| Profit After Tax | 0 | 1 | -0 | 1 | -1 | 0 | 1 | 5 | 1 | 5 | 6 | 4 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | -0 | 0 | 0 |
| Profit After Adjustments | 0 | 1 | -0 | 1 | -1 | 0 | 1 | 5 | 1 | 5 | 6 | 4 |
| Adjusted Earnings Per Share | 0 | 1.5 | -0.3 | 1.6 | -1.4 | 0.9 | 2.3 | 12 | 3.6 | 12.6 | 15.8 | 10.9 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 27% | 12% | 32% | 0% |
| Operating Profit CAGR | 63% | 13% | 45% | 0% |
| PAT CAGR | 20% | 6% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -29% | 32% | 50% | 20% |
| ROE Average | 41% | 27% | 25% | 12% |
| ROCE Average | 22% | 16% | 16% | 10% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 23 | 14 | 11 | 12 | 11 | 11 | 12 | 15 | 16 | 19 | 12 |
| Minority's Interest | 0 | 0 | 0 | 6 | 6 | 6 | 7 | 8 | 9 | 11 | 0 |
| Borrowings | 0 | 0 | 3 | 5 | 6 | 7 | 7 | 6 | 5 | 21 | 18 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| Total Current Liabilities | 0 | 1 | 1 | 18 | 17 | 5 | 13 | 18 | 25 | 18 | 47 |
| Total Liabilities | 23 | 15 | 15 | 42 | 41 | 30 | 39 | 47 | 55 | 69 | 77 |
| Fixed Assets | 10 | 0 | 0 | 9 | 7 | 7 | 7 | 7 | 10 | 17 | 17 |
| Other Non-Current Assets | 11 | 11 | 12 | 3 | 2 | 2 | 3 | 3 | 10 | 3 | 5 |
| Total Current Assets | 2 | 3 | 3 | 30 | 32 | 21 | 29 | 37 | 35 | 49 | 55 |
| Total Assets | 23 | 15 | 15 | 42 | 41 | 30 | 39 | 47 | 55 | 69 | 77 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 3 | 0 | 0 | 6 |
| Cash Flow from Operating Activities | -0 | -10 | -0 | 0 | -2 | 9 | -2 | -2 | 5 | 10 | 31 |
| Cash Flow from Investing Activities | 0 | 10 | 0 | 0 | 0 | 0 | -0 | 0 | -5 | -5 | -8 |
| Cash Flow from Financing Activities | -0 | -0 | 0 | 0 | 4 | -11 | 6 | -1 | 7 | 1 | -28 |
| Net Cash Inflow / Outflow | 0 | -0 | 0 | 0 | 2 | -2 | 3 | -3 | 6 | 5 | -5 |
| Closing Cash & Cash Equivalent | 0 | 0 | 0 | 0 | 2 | 0 | 3 | 0 | 7 | 6 | 1 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0 | 1.47 | -0.25 | 1.65 | -1.36 | 0.88 | 2.29 | 11.97 | 3.56 | 12.57 | 15.79 |
| CEPS(Rs) | 0.18 | 1.47 | -0.25 | 3.05 | -0.1 | 2.05 | 3.34 | 12.88 | 4.6 | 15.3 | 19.75 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 0 | 26.38 | 26.95 | 30.45 | 26.84 | 27.38 | 28.87 | 36.62 | 38.95 | 47.11 | 29.05 |
| Core EBITDA Margin(%) | 0 | 0 | 0 | 1.83 | 1.11 | 2.06 | 2.47 | 4.39 | 2.14 | 3.69 | 4.79 |
| EBIT Margin(%) | 0 | 0 | 0 | 2.32 | 0.93 | 2.49 | 2.32 | 4.67 | 2.34 | 4.12 | 4.71 |
| Pre Tax Margin(%) | 0 | 0 | 0 | 0.94 | -0.46 | 0.67 | 1.28 | 3.91 | 1.35 | 2.96 | 3.5 |
| PAT Margin (%) | 0 | 0 | 0 | 0.59 | -0.49 | 0.57 | 0.96 | 2.74 | 0.88 | 2.59 | 2.57 |
| Cash Profit Margin (%) | 0 | 0 | 0 | 1.09 | -0.04 | 1.33 | 1.4 | 2.97 | 1.15 | 3.15 | 3.21 |
| ROA(%) | 0.32 | 3.13 | -0.69 | 2.3 | -1.3 | 0.99 | 2.65 | 11.07 | 2.74 | 8.15 | 8.64 |
| ROE(%) | 0.72 | 5.64 | -0.95 | 5.73 | -4.74 | 3.25 | 8.13 | 36.3 | 9.25 | 29.25 | 41.43 |
| ROCE(%) | 0.73 | 5.62 | 0.85 | 12.32 | 3.41 | 5.59 | 8.55 | 25.18 | 9.59 | 16.33 | 22.34 |
| Receivable days | 0 | 0 | 0 | 54.11 | 40.48 | 41.96 | 21.8 | 20.07 | 29.37 | 18.05 | 12.43 |
| Inventory Days | 0 | 0 | 0 | 24.39 | 35.98 | 69.37 | 36.65 | 23.1 | 26.34 | 27.13 | 29.41 |
| Payable days | 0 | 0 | 0 | 17.25 | 15.26 | 6.22 | 4.07 | 2.79 | 2.8 | 2.52 | 2.87 |
| PER(x) | 0 | 14.72 | 0 | 0 | 0 | 0 | 0 | 3.72 | 15.59 | 7.32 | 14.21 |
| Price/Book(x) | 0 | 0.82 | 1.05 | 0 | 0 | 0 | 0 | 1.22 | 1.43 | 1.95 | 7.73 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0 | 0 | 0 | 0.21 | 0.21 | 0.24 | 0.2 | 0.22 | 0.27 | 0.35 | 0.51 |
| EV/Core EBITDA(x) | 69.97 | -249.93 | 122.33 | 6.34 | 15.22 | 7.47 | 7.12 | 4.42 | 10.35 | 8.9 | 9.6 |
| Net Sales Growth(%) | 0 | 0 | 0 | 0 | 16.54 | -44.81 | 54.84 | 82.06 | -8 | 21.54 | 26.73 |
| EBIT Growth(%) | 0 | 682.45 | -84.58 | 2144.11 | -60.01 | 47.01 | 44.57 | 265.73 | -53.86 | 113.92 | 44.78 |
| PAT Growth(%) | 0 | 700.55 | -117.25 | 750.32 | -182.53 | 164.97 | 159.07 | 420.11 | -70.6 | 260.1 | 25.37 |
| EPS Growth(%) | 0 | 0 | -117.25 | 750.32 | -182.53 | 164.97 | 159.07 | 423.56 | -70.24 | 253.04 | 25.63 |
| Debt/Equity(x) | 0 | 0 | 0.28 | 1.34 | 2.04 | 1.03 | 1.56 | 1.37 | 1.78 | 1.9 | 3.22 |
| Current Ratio(x) | 32.58 | 3.11 | 3.06 | 1.63 | 1.84 | 4.09 | 2.19 | 2.13 | 1.42 | 2.76 | 1.16 |
| Quick Ratio(x) | 32.58 | 3.11 | 3.06 | 1.22 | 1.01 | 2.36 | 1.41 | 1.46 | 0.96 | 1.78 | 0.7 |
| Interest Cover(x) | 96.3 | 77.68 | 1.26 | 1.68 | 0.67 | 1.37 | 2.23 | 6.14 | 2.37 | 3.56 | 3.88 |
| Total Debt/Mcap(x) | 0 | 0 | 0.27 | 0 | 0 | 0 | 0 | 1.13 | 1.25 | 0.98 | 0.42 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 68.18 | 68.18 | 68.18 | 68.18 | 68.18 | 68.18 | 68.18 | 68.18 | 68.18 | 68.18 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 31.82 | 31.82 | 31.82 | 31.82 | 31.82 | 31.82 | 31.82 | 31.82 | 31.82 | 31.82 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 |
* The pros and cons are machine generated.
You May Also Know About
Looking to buy unlisted shares or need guidance on the investment process? Our expert Private Equity Advisors are here to assist you with accurate information, real-time pricing, and seamless execution.
Want to sell unlisted shares, liquidate your ESOPs, or understand the step-by-step process of liquidation? Connect with our Buying Team for smooth coordination, quick evaluations, and end-to-end support.
Planning to build or grow your portfolio? For Mutual Fund investments, PMS solutions, tailored portfolio creation, and overall wealth management, our dedicated Wealth Team is ready to guide you.