PRICOLLTD
Pricol share price & financials
- Price
- ₹559.15
- Market cap
- ₹9.3k Cr
- Calls analysed
- 7
Pricol Ltd Q1 FY27
What went well
- Revenue from operations grew 23.46% YoY to ₹1083.58 crores, aided by strong industry growth and new product introductions.
- PAT grew 34.34% YoY to ₹67.02 crores, with PBT growing 32.23% YoY.
- Outperformed overall industry growth by 4% (company grew 26% vs industry 22%).
What to watch
- EBITDA margin faced headwinds, growing only 21.42% YoY to 11.41%, due to West Asia crisis, polymer price surge, LPG price hike, increased freight costs, and sharp minimum wage increases.
- Profitability hampered by rupee at all-time low against USD and dependence on electronic child parts imports.
What Pricol Ltd does
Pricol is an auto-component manufacturer that designs and supplies driver-information and connected-vehicle electronics, actuation & fluid-management components, and precision plastic and metal parts to two/three-wheeler, passenger vehicle, commercial vehicle and off-highway vehicle OEMs in India and abroad. It earns by direct-supplying parts such as instrument clusters, sensors, pumps and dashboard/radiator assemblies under long-term OEM contracts, backed by in-house R&D and tooling. The company has grown through organic product development and acquisitions, including the precision-plastics business now housed in subsidiary Pricol Precision Products Private Limited (P3L).
Segments
- Driver Information and Connected Vehicle Solutions (DICVS)
- Actuation, Control and Fluid Management Systems (ACFMS)
- Precision Products (P3L)
- Manufacturing plants
- 14 (including subsidiaries)
- Product & process engineers
- 470+
- Technology centres
- 2
- Geographic manufacturing/office presence
- India, Indonesia, Singapore, Japan and Dubai
- Countries with direct OEM supplies
- 16
- Product variants supplied to OEMs
- 5,200+
Guidance record · Q1 FY27
what the last two calls moved 22 tracked 2 delivered 1 missed 19 open- Pricol Precision Products EBITDA Margin delivered said Q4 FY25 Promised: Achieve high single-digit EBITDA by end of FY26 Q1 FY27: Polymer business recorded a 7.8% EBITDA margin. The original promise for FY26 remains achieved.
- BMS Business Sales Start delayed said Q3 FY25 Promised: Start business in H2 FY25 Q1 FY27: BMS business was not mentioned in the Q1 FY27 call.
- Pricol Precision Products Top Line revised up said Q3 FY25 Promised: Grow to ~₹1700 crores in 3 years Q1 FY27: Management revised the target upwards, stating 'we will not just double, we will do two and a half times will be our endeavor to achieve'.
All 22 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 24.7%, net profit up 25.6% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 664 | 630 | 624 | 683 | 758 +14% | 800 +27% | 856 +37% | 852 +25% |
| EBITDA | 74 | 69 | 65 | 78 | 88 +19% | 90 +30% | 95 +46% | 93 +19% |
| Net profit | 42 | 36 | 28 | 39 | 46 +10% | 44 +22% | 78 +179% | 49 +26% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +45.9% 1Y
1Y: ₹522 on 10 Sept 2025 → ₹761.4. High ₹806.55 (17 Aug 2026), low ₹507.05 (6 Oct 2025).
How the price took the results
close before → close after
- Q1 FY27
- +4.6%
- 4 Aug
- Q4 FY26
- +7.5%
- 15 May
- Q3 FY26
- +2.1%
- 30 Jan
- Q2 FY26
- +9.4%
- 7 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 16.7% a year over 3 years, FY23 to FY26. Operating margin held at 11.3%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹1.9k Cr | ₹2.3k Cr | ₹2.5k Cr | ₹3.1k Cr |
| Operating profit | ₹225 Cr | ₹262 Cr | ₹279 Cr | ₹351 Cr |
| Operating margin | 11.5% | 11.6% | 11.0% | 11.3% |
| Interest | ₹19 Cr | ₹19 Cr | ₹11 Cr | ₹18 Cr |
| Depreciation | ₹77 Cr | ₹81 Cr | ₹84 Cr | ₹95 Cr |
| Net profit | ₹123 Cr | ₹131 Cr | ₹142 Cr | ₹207 Cr |
| Net margin | 6.3% | 5.8% | 5.6% | 6.7% |
| Cash from operations | ₹144 Cr | ₹185 Cr | ₹239 Cr | ₹196 Cr |
| Free cash flow | ₹60 Cr | ₹48 Cr | ₹45 Cr | ₹-12 Cr |
| ROCE | 18.0% | 23.0% | 20.0% | 23.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹12 Cr | ₹12 Cr | ₹12 Cr | ₹12 Cr | ₹12 Cr | ₹12 Cr |
| Reserves | ₹511 Cr | ₹556 Cr | ₹666 Cr | ₹792 Cr | ₹1.1k Cr | ₹1.1k Cr |
| Borrowings | ₹260 Cr | ₹153 Cr | ₹109 Cr | ₹60 Cr | ₹169 Cr | ₹227 Cr |
| Other liabilities | ₹414 Cr | ₹477 Cr | ₹492 Cr | ₹473 Cr | ₹975 Cr | ₹652 Cr |
| Total liabilities | ₹1.2k Cr | ₹1.2k Cr | ₹1.3k Cr | ₹1.3k Cr | ₹2.3k Cr | ₹2.0k Cr |
| Fixed assets | ₹611 Cr | ₹599 Cr | ₹584 Cr | ₹619 Cr | ₹902 Cr | ₹788 Cr |
| Capital work in progress | ₹20 Cr | ₹8 Cr | ₹15 Cr | ₹38 Cr | ₹81 Cr | ₹89 Cr |
| Investments | ₹60 Cr | ₹71 Cr | ₹74 Cr | ₹76 Cr | ₹15 Cr | ₹200 Cr |
| Other assets | ₹507 Cr | ₹519 Cr | ₹606 Cr | ₹603 Cr | ₹1.3k Cr | ₹933 Cr |
| Total assets | ₹1.2k Cr | ₹1.2k Cr | ₹1.3k Cr | ₹1.3k Cr | ₹2.3k Cr | ₹2.0k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public added +5.82 pp while DIIs trimmed −3.71 pp.
- Promoters
- 38.5%
- FIIs
- 13.9%
- DIIs
- 11.8%
- Public
- 35.7%
Since Jun 2025
- Public +5.82 pp
- DIIs −3.71 pp
- FIIs −2.11 pp
How it drifted, 12 quarters
Over this window the public fell from 51.9% to 35.7% — −16.2 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 38.5%, FIIs 4.0%, DIIs 5.6%, Public 51.9%.Dec '23: Promoters 38.5%, FIIs 6.5%, DIIs 6.9%, Public 48.0%.Mar '24: Promoters 38.5%, FIIs 14.4%, DIIs 16.6%, Public 30.5%.Jun '24: Promoters 38.5%, FIIs 15.0%, DIIs 16.4%, Public 30.0%.Sep '24: Promoters 38.5%, FIIs 15.7%, DIIs 15.7%, Public 30.1%.Dec '24: Promoters 38.5%, FIIs 15.9%, DIIs 16.4%, Public 29.2%.Mar '25: Promoters 38.5%, FIIs 16.3%, DIIs 15.7%, Public 29.6%.Jun '25: Promoters 38.5%, FIIs 16.1%, DIIs 15.5%, Public 29.9%.Sep '25: Promoters 38.5%, FIIs 16.5%, DIIs 14.6%, Public 30.4%.Dec '25: Promoters 38.5%, FIIs 16.9%, DIIs 12.3%, Public 32.3%.Mar '26: Promoters 38.5%, FIIs 15.6%, DIIs 12.4%, Public 33.4%.Jun '26: Promoters 38.5%, FIIs 13.9%, DIIs 11.8%, Public 35.7%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Motilal Oswal BSE 1000 Index Fund Mutual fund newly disclosed 2.46% held
- ICICI Prudential Smallcap Fund Mutual fund newly disclosed 1.91% held
- Franklin India Smaller Companies Fund Mutual fund newly disclosed 1.70% held
The same filing shows 2 holders trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Pricol Ltd above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Pricol Holdings Private Limited | 9.03% | unchanged |
| Vijay Mohan | 8.59% | unchanged |
| Vikram Mohan | 6.26% | unchanged |
| Viren Mohan | 5.46% | unchanged |
| Vanitha Mohan | 4.70% | unchanged |
| Goldman Sachs Funds - Goldman Sachs India Equity Portfolio Global fund house | 3.23% | −0.42 pp |
| Motilal Oswal BSE 1000 Index Fund Mutual fund | 2.46% | newly disclosed |
| Tata India Innovation Fund Mutual fund | 2.31% | unchanged |
| Shrimay Enterprises Private Limited | 2.14% | unchanged |
| ICICI Prudential Smallcap Fund Mutual fund | 1.91% | newly disclosed |
| Franklin India Smaller Companies Fund Mutual fund | 1.70% | newly disclosed |
| Pricol Engineering Industries Private Limited | 1.42% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
ExpensiveTo justify its price of ₹761, this stock must grow earnings at 29% every year for 7 years. Our analysis caps realistic growth at ~17%. At that growth it is worth ₹406 — downside of 47%.
- Growth the price implies
- 29.3% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 16.5% a year
- net profit, FY23–FY26 · EPS 16.9%
- The gap
- 0.1 pp
- -47% downside if it only repeats history
All earnings calls (7)
Read the Q1 FY27 call →Learn to analyse Pricol Ltd
Guides on how to read this kind of business and the numbers that matter.