Pricol Limited (PRICOLLTD)
Micro CapAuto stocks · Micro cap · NSE
Pricol Limited, established in 1975, manufactures driver information, connected vehicle solutions, actuation, control, fluid management systems, and precision products. It has 14 manufacturing plants, 2 technology centers (4.5% R&D spend), and supplies directly to OEMs in 16 countries, with a presence in India, Indonesia, Singapore, Japan, and Dubai.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Mixed fundamentals, management trust is supportive, price trend is neutral, and recent execution is consistent.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 0/0 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 30 Jun 2026
Good · 57/100Rev +23% YoY · PAT +34% YoY · operating leverage · margin compression
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹1,105 Cr | +23.5% | +0.6% |
| EBITDA | ₹124 Cr | +25.3% | -5.3% |
| Operating margin | 11.0% | +0 bps | -100 bps |
| PAT | ₹67 Cr | +34.0% | -8.2% |
| PAT margin | 6.1% | +47 bps | -58 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Where growth can come from, and what can break the case
Pricol reported strong Q4 FY26 consolidated performance with Revenue from Operations up 43.3% YoY to INR 1,077.90 Crs and PAT up 109.5% YoY to INR 73.23 Crs. For FY26, Revenue from Operations grew 51.2% YoY to INR 3,963.85 Crs, and PAT increased 50.1% YoY to INR 250.80 Crs, driven by new product launches.
The company delivered robust top-line and bottom-line growth in Q4 and FY26, supported by new product launches across various OEM customers, including in the EV segment. Sustained R&D investment and strategic partnerships appear to be yielding results, indicating continued operational strength.
New Product Development
PositiveMultiple new product launches in Q4 FY26 for key OEMs like Tata Motors (Sierra, Punch), VE Commercial Vehicles (TITAN EV), and Bajaj (3W – WEGO EV).
EV Segment Expansion
PositiveSuccessful Q4 FY26 product launches for EV models, indicating growing penetration in the electric vehicle market.
Strategic OEM Partnerships
PositiveAwarded 'Excellence in New Model Cost & Development' by Honda Motorcycle and Scooter India, highlighting strong OEM relationships.
Industry Recognition
PositiveReceived 'Excellence in New Model Cost & Development Award' from Honda Motorcycle and Scooter India and Silver Awards from TVS Motors and ACMA for TPM implementation.
R&D Investment
PositiveCompany spends ~4.5% of total revenue on R&D, supporting product innovation and future growth.
Renewable Energy Use
Positive100% energy consumption via renewable sources (excluding Diesel Generator), potentially reducing operational costs and enhancing ESG profile.
Forward-Looking Statement Risks
NeutralForward-looking statements involve known and unknown risks, contingencies, uncertainties, and market conditions that may cause actual results to differ materially.
Management accountability
What management said, and what results must prove
Management accountability
What management said, and what results must prove
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
The presentation provides both quarterly (Q4 FY26 vs Q4 FY25) and annual (FY26 vs FY25) financial results. Both comparisons are crucial to assess both recent momentum and overall annual performance trends in the auto ancillary sector.
Revenue from Operations (Q4 FY26)
PositiveINR 1,077.90 Crs, up from INR 752.01 Crs in Q4 FY25.
Revenue from Operations (FY26)
PositiveINR 3,963.85 Crs, up from INR 2,620.91 Crs in FY25.
EBITDA Margin (Q4 FY26)
Positive13.29%, up from 11.74% (INR 88.30 Crs / INR 752.01 Crs) in Q4 FY25.
EBITDA Margin (FY26)
Neutral12.44%, down from 12.75% (INR 334.11 Crs / INR 2,620.91 Crs) in FY25.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Revenue from Operations Growth | FY26: 51.2% YoY | Sustained double-digit growth, indicating continued market share gains and new order execution. |
| EBITDA Margin | FY26: 12.44% | Maintenance or improvement of margins, especially with raw material price fluctuations and increased R&D spend. |
| EV Segment Contribution | New product launches for EV models in Q4 FY26. | Quantifiable revenue contribution or order book growth from the EV segment. |
| R&D Effectiveness | ~4.5% of Total revenue spent on R&D. | Continued flow of new product launches and customer wins stemming from R&D investments. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trend score and candlestick chart
52NeutralSMA20 +17.4% / mo · MACD − · near 52W high · sector -3.3pp vs Nifty (3M)
Technical chart
PRICOLLTDdaily · 1Y · AUTO+36.0%Daily technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 53. Wait for confirmation.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 rising (~14.8% over last month) — short-term momentum positive.
- RSI(14) at 53 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 7% off 52W high · 55% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Valuation & score drivers
U-Score 55 · FAIR VALUE · pillar breakdown, sector model, fair-value anchor
Valuation & score drivers
U-Score 55 · FAIR VALUE · pillar breakdown, sector model, fair-value anchor
Fundamental score breakdown
FAIR VALUEWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 12.5%.
- Growth contributes 19/25 to the score.
Main drags
- Valuation is weaker at 4/30; verify the latest quarterly trend.
- Cash flow is weaker at 4/10; verify the latest quarterly trend.
- Balance sheet is weaker at 8/15; verify the latest quarterly trend.
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Score history
12 stored score snapshots. Latest stored move: +5 points.
Factor attribution
Modelled fair value
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Healthy Trust: Claim history is still being built. It ranks around the 94th percentile of the scored universe and 87th percentile within Auto. No major sub-score weakness stands out.
High Trust Lite: Promoter pledge is zero.
Generally investable credibility. Look for weak sub-scores before increasing position size.
overall median 67 · Auto: 87th pctile, median 74 · Micro: 90th pctile, median 73
117 documents have extracted text, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Healthy Trust · low confidenceRead Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust positives
- ▸Promoter pledge is zero.
- ▸6 years of positive FCF.
- ▸ROCE is 24.5%.
- ▸4/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸No major Trust Lite risk flags.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Fundamentals
Valuation
- P/E
- 34.80
- P/B
- 7.43
- EV/EBITDA
- 15.70
- Market Cap
- 9323.00Cr
Profitability
- ROE
- 21.80%
- ROCE
- 24.50%
- ROA
- 10.83%
- Dividend Y
- 0.26%
Growth (CAGR)
- Revenue 5Y
- 23.00%
- EPS 5Y
- 40.00%
- Revenue 3Y
- 27.00%
- EPS 3Y
- 28.00%
Balance Sheet
- Debt/Equity
- 0.30
- Interest Coverage
- 15.97×
- Altman Z
- 7.85
- Book Value
- 103.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 6/5
- OCF
- 281.00 Cr
- EPS TTM
- 21.99
Shareholding
- Promoter Hold
- 38.51%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 82%
Financial History
Updated 5/9/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
Business-comparable names in Auto, ranked by similarity
Peers
Business-comparable names in Auto, ranked by similarity
Peers
Business-comparable peers in Auto — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.