Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Nse
Pritika Engineering Components Ltd. (PRITIKA)
SME CapAuto stocks · SME cap · NSE
Pritika Engineering Components Ltd., a subsidiary of Pritika Auto Industries, manufactures precision machined components for tractor and automotive sectors. It operates a state-of-the-art facility in Hoshiarpur, Punjab, with in-house design and engineering. The Pritika Group is North India's largest manufacturer of machined castings, also engaged in designing, engineering, casting, machining, and sub-assembling of automotive components.
Data qualityFresh enough for analysisQuote updated 19 Oct, 05:50 pm ISTDetails
Quote19 Oct, 05:50 pm IST
Base fundamentals20 Oct 2026 · screener
Latest result16 Aug, 12:46 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags24 Apr 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Auto P/E 25.7 (n=127)
Technical timing lens
Trend score and candlestick chart
56NeutralSMA20 +8.7% / mo · RSI overbought · MACD + · sector -2.5pp vs Nifty 500 (3M)
Stock trend: 65
Sector RS: 43
Sector 3M: -7.5% vs Nifty 500 -5.0%
Auto FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
PRITIKAD candles · FIT view+14.4%Latest close ₹80.00 on 2026-10-19
Bar
+0.0%
RSI
75
MACD hist
1.69
52W pos
82%
2026-10-19O ₹80.00H ₹82.00L ₹80.00C ₹80.00Vol 20,000 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
PRITIKANifty AutoNifty 500
- PRITIKA
- +29.8%
- Nifty 500
- -5.6%
- Nifty Auto
- -6.3%
- Vs Nifty 500
- +35.4 pp
Chart stats
19 Oct 2026- From 52W high
- -16.0%
- 52W range position
- 70%
- ATR (14)
- 3.9%
- Volume vs 20D
- 0.75x
- Avg traded value
- ₹0.2 Cr
- 20D price channel
- ₹57.7 - ₹82
₹95.3
₹44.1 - ₹95.3
₹3.1
Latest completed session
20-session average
58.8% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · WATCHLIST40
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Good72
Revenue +42.4% · PAT +46.8% YoY
Technical
Neutral56
Price trend and sector-relative-strength timing.
Valuation
Legacy model+33.7%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence64
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Good · 72/100Rev +42% YoY · PAT +47% YoY · +9% QoQ · margin compression
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹52.9 Cr | +42.4% | +9.4% |
| EBITDA | ₹6.4 Cr | +17.8% | +32.6% |
| Operating margin | 12.1% | -253 bps | +212 bps |
| PAT | ₹3 Cr | +46.8% | +119.1% |
| PAT margin | 5.6% | +17 bps | +282 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 25.50
- P/B
- 3.96
- EV/EBITDA
- 10.66
- Market Cap
- 211.00Cr
Profitability
- ROE
- 14.80%
- ROCE
- 11.20%
- ROA
- 3.57%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 21.38%
- EPS 5Y
- 27.79%
- Revenue 3Y
- 25.00%
- EPS 3Y
- 31.00%
Balance Sheet
- Debt/Equity
- 1.85
- Interest Coverage
- 3.14×
- Altman Z
- 2.19
- Book Value
- 20.20
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 0/5
- OCF
- 23.00 Cr
- EPS TTM
- 3.13
Shareholding
- Promoter Hold
- 70.81%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 82%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 162+38.5% vs prev
Net Profit
₹ CrLatest: 7.0+16.7% vs prev
Return on Equity
%Latest: 13.2-0.9% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend unclear. RSI 75. Wait for confirmation.
- SMA20 rising (~8.0% over last month) — short-term momentum positive.
- RSI(14) at 75 — overbought zone; risk of mean reversion.
- MACD above signal, histogram expanding — bullish momentum building.
- 9% off 52W high · 82% 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 & peers
U-Score 40 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 40 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
WATCHLIST
Fundamental score breakdown
U band · WATCHLISTValuation8/30
Growth20/25
Quality7/20
Balance Sheet2/15
Cash Flow1/10
Piotroski
7/9 (+5)
Penalties
-3
Raw sum
40
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
40/100 · legacy band WATCHLIST
Positive drivers
- Piotroski is strong at 7/9.
- Fair-value margin of safety is positive at 33.7%.
- Growth contributes 20/25 to the score.
Main drags
- Penalty bucket subtracts 3 points.
- Cash flow is weaker at 1/10; verify the latest quarterly trend.
- Balance sheet is weaker at 2/15; verify the latest quarterly trend.
Sector valuation model
Execution business valuation: EV/EBITDA plus order and working-capital risk
Capital-intensive execution stories need cash-flow and balance-sheet checks alongside valuation.
Primary lens
EV/EBITDA and PE against execution quality and margin stability.
Secondary checks
Order book, receivables, working capital, debt, operating cash flow.
Main risk check
Order wins matter only if they convert into cash and margins.
PE
25.5
PB
4.0
EV/EBITDA
10.7
ROE
14.8%
ROCE
11.2%
FCF Yield
—
Debt/Equity
1.9
MoS
+33.7%
Score movement
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.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
40
Previous: 40
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
+33.7%
Previous: +33.7%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
40
40
40
37
37
37
37
37
37
37
40
40
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹37.72
-112.1% MoS
Growth-justified P/E
38.5
Growth-justified Value
₹120.66
+33.7% MoS
PEG
0.88
Comparable companies
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.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
MUNISH
SME
Munish Forge Ltd.
Auto Components
match 98
40
20.6
10.4%
+47%
WATCHLIST
AVATAR
SME
AVATAR Industries Limited
Auto Components
match 96
25
612.0
1.1%
-1388%
OVERVALUED
BIKEWO
SME
Bikewo Green Tech Ltd.
Auto Components
match 95
28
50.3
8.1%
-28%
OVERVALUED
TUNWAL
SME
Tunwal E-Motors Ltd.
Auto Components
match 94
52
12.4
10.7%
+48%
FAIR VALUE
VIAZ
SME
Viaz Tyres Ltd.
Auto Components
match 94
39
24.0
10.8%
+38%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-08-21T08:15:49.212Z
Management commentary snapshot
Q1 FY26 Consolidated Total Income surged 62.65% YoY to INR 37.23 Cr, with Net Profit more than doubling by 115.96% YoY to INR 2.03 Cr. Standalone Total Income grew 45.25% YoY to INR 32.39 Cr, and Net Profit increased 71.57% YoY to INR 1.75 Cr. Consolidated EBITDA margin was 14.80% (vs 15.09% YoY).
The company delivered robust Q1 FY26 consolidated performance with significant revenue and profit growth, driven by new orders and increased dispatches. Management's focus on capacity expansion, product diversification into railways and material handling, and E-Tractor components supports future growth, though execution risks in new segments and rising debt need monitoring.
Growth engines
New Product Segments
Expanding into Railway, and E-Tractor/Hybrid Tractor components manufacturing. Identified over five components for supply to Indian Railways.
Capacity Expansion
Targeting to achieve 1,00,000 tons per annum installed capacity by FY27. Current group capacity is 72,000 tons per annum (as of 2024).
New Order Wins
Secured INR 70 Cr order for Material Handling Equipment components over five years. Started commercial production of Hydraulic Lift Housing & Axle Housing (approx. INR 18 Cr/annum).
Geographical Diversification
Plans to expand Geographically strategic locations of India. Continue to focus on export opportunities and increase export contribution in revenues.
Capacity and execution
Land Acquisition for Expansion
Pritika Engineering Components Ltd. has Acquired approx. 87,000 Sq. Ft Land for Their Expansion Plan in Hoshiarpur.
Installed Capacity Target
Targeting to achieve 1,00,000 tons per annum installed capacity by FY27.
Current Group Capacity
Total Group Capacity: 72,000 tons per annum (as of 2024). Pritika Engineering: 18,000 MTPA, Meeta Castings: 12,000 MTPA.
Tailwinds
Government Railway Investment
₹2.5 lakh crore allocation in the 2023-24 Union Budget for upgrading rail infrastructure, electrification, and safety.
Tractor Market Growth
Indian tractor market valued over USD 6 billion in 2021, projected to reach USD 10.4 billion by 2027 (CAGR of nearly 8.9%).
Commercial Vehicle Market Growth
Indian commercial vehicle market valued at USD 51.27 billion in 2024, projected to reach USD 69.06 billion by 2030 (CAGR of 5.14%).
Risk radar
Execution Risk for New Segments
Indian Railways has a unique and very stringent vendor and product approval system for safety products which takes time.
Debt Levels
Pritika Engineering Components Limited is planning preferential share issuance to fund expansion, and the company is also focusing to contain its debt.
Management accountability
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.
Analyst reading lens
Compare YOY
Auto ancillaries often experience seasonality, making year-over-year comparisons more indicative of underlying business trends and growth. The presentation explicitly provides YoY growth figures for Q1 FY26.
Sector KPIs management disclosed
Volume Growth
Pritika Engineering registered 900 tons of sales in July 2024, its highest ever monthly sales. It set a new monthly dispatch record with over 1350 Metric Tons in September 2024.
Order Wins
Finalised approx. INR 50 Crore Order from a Leading MNC Tractor Manufacturer over the next five years. Secured an INR 70 Crore Order over the next five years for Material Handling Equipment components (approx. 125 tons/month).
EV Exposure
Pritika Group is in the process to roll out components for E-Tractors. The company plans to expand into E-Tractor/Hybrid Tractor components manufacturing.
New Capacity
Acquired approx. 87,000 Sq. Ft Land for Their Expansion Plan in Hoshiarpur. Targeting to achieve 1,00,000 tons per annum installed capacity by FY27.
Management forward view
Vision for Growth
Management's vision is to almost double Sales & PAT in the next 3 years and almost triple Sales & PAT in the next 5 years.
Railway Sector Entry
The company is targeting railway sector growth and has identified over five components. Approval from RDSO, Ministry of Railways, is required.
Debt Management
The company is focusing to contain its debt, alongside planning preferential share issuance for expansion funding.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Railway Approvals | Engagement with RDSO will begin soon for product approval. | Progress in RDSO approval process and prototype development for railway components. |
| Capacity Utilization | Total Group Capacity: 72,000 tons per annum (2024). | Updates on capacity utilization rates as new orders and expansion plans materialize towards the 100,000 TPA target. |
| Debt to Equity Ratio | FY25 Consolidated Debt to Equity: 1.56x. | Trends in debt-to-equity ratio, especially with planned preferential share issuance to contain debt and fund expansion. |
| New Order Conversion | Secured INR 70 Cr order for Material Handling Equipment components over five years. | Timely execution and revenue recognition from recently secured orders and new product commercial productions. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
64Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 42nd percentile of the scored universe and 27th percentile within Auto. Main check: cash conversion is weak at 43/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
7 docs text-extracted · 2 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
42nd percentile
overall median 67 · Auto: 27th pctile, median 74 · SME: 51st pctile, median 64
Evidence depth
Financial-only
7 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read 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.
Promoter
86
strong · holding, pledge, alignment
Cash flow
43
weak · profit to cash conversion
Balance sheet
53
watch · leverage and solvency
Discipline
68
acceptable · capital discipline
Results
79
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 70.8%.
- ▸Promoter pledge is zero.
- ▸4/4 latest quarters had positive YoY revenue growth.
- ▸3/4 latest quarters had positive YoY PAT growth.
Trust risks
- ▸Only 0 years of positive FCF.
- ▸Debt/equity is 1.85.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Pritika Engineering Components Ltd.
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Investor presentationSep 2025
Sep 2025 · PPT
Source: Nse
Annual reportMar 2025
Mar 2025 · Annual Report 2025
Source: Nse
Investor presentationJan 2025
Jan 2025 · PPT
Source: Nse
Concall transcriptNov 2024
Nov 2024 · Transcript
Source: Nse
Investor presentationOct 2024
Oct 2024 · PPT
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.