Indian Automotive sector – The Indian Automotive sector is looking for massive growth, with predictions showing that it can reach market size of USD 1 trillion by 2035, which makes it 4th largest automotive market. The industry has a vision to increase its size to 15 lakh crores by end of 2024. In India, contribution made by two-wheelers is 76% and passenger cars is 17.4% respectively. Moreover, the government in its Union budget 2023 has raised budget allocation for FAME II. The sector has huge vision which includes $400 billion+ contribution from design, growth, and other modernisation in technology, which shows India’s transition from into top automotive hub at international level. Moreover, achieving this goal requires top players of sector to improve their capacity by ensuring genuine and competitive manufacturing at massive scale.
The automobile companies at national level is forecasted to make massive investments in future with purpose to develop strong presence in international market. The inflow of private capital will be utilized for building new platforms, supporting the evolution of these companies into integral components of distribution channel at world level. The Indian automotive sector attained top position at world level and has made strong achievements in various categories. India is the largest producer of tractors, 2nd largest manufacturer of buses, and 3rd largest producer of heavy trucks at global level.
This sector attained top position at world level in heavy vehicles market. Additionally, the segment is categorised into two-wheelers, passenger vehicles, three-wheelers, and commercial vehicles, which shows robust growth in passenger cars and two-wheeler vehicles. As there is change in industry, there will be shift towards electric vehicles (EVs) to address emission issues, with huge investments and initiatives having vision to support huge EV ecosystem.
Indian Auto Ancillaries sector – The Indian economy is fastest growing at world level, led by increasing incomes, growth in infrastructure, and incentives for production. This development has enhanced automobile and auto components sector, with two-wheelers receiving huge benefits due to rise in middle-class population. The country has become central hub for original equipment and auto component manufacturers, which has occupied top position as place for expertise. The Automotive Mission Plan has set target of 5 to 7% of GDP contribution and with a purpose to generate 3.2 million jobs by 2026. Moreover, India’s auto component sector, which ranges from large corporations to micro-enterprises, plays key role in exports and job development, providing employment to over 37 million people.
The industry’s best performance highlight’s India’s rising prowess in automotive production and has huge scope as top player in the industry. It is important to note that, main destinations for export, such as Europe, America, and Asia saw huge increment in North America by contributing 32% of total exports. This highlights industry’s strong command in global markets and its ability to fulfill requirements of global markets.
The auto component aftermarket sector in India has observed huge growth in upcoming years and is forecasted to reach USD 32 billion by 2026, supported by strong international demand and increment in local OEM and Aftermarket segments. The sector is looking for expansion in future and huge investment scope. In this article, we will learn interesting information about Pricol Ltd Share Price Target, market cap, ROCE, ROE, industry, promoter, shareholding pattern, revenue, and net profit.
Pricol Ltd – Key Points
Name of the promoter
Vanitha Mohan
Industry
Auto component and Auto ancillary
Established
1975
Headquarters
Coimbatore, India
Employees
5500+
Experience
50 years
Debt-equity ratio
0.06
Pricol Ltd – Statistics
Market cap
Rs 5,387 crores
ROCE
24.5%
ROE
18.8%
Book value
Rs 77
Face value
Rs 1
Stock PE
31
Interest coverage ratio
14.92
About Pricol Ltd
Pricol Ltd is occupied leading position in India’s automotive technology and precision-engineered products and solutions company with its headquarters situated in Coimbatore, India. The company started its operations in 1975 and has made strong commitment to achieve top position and excellence. The company has developed to achieve strong image in automotive sector at world level. The company is relies on customer and increasing limits of product and process technology, and enhancement in products. The company is well-known as best supplier to many Automotive Original Equipment Manufacturers (OEMs) across globe.
The business of company is divided into two divisions: Driver Information and Connected Vehicle Solutions (DICVS) and Actuation, Control, and Fluid Management System (ACFMS). There are more than 2000+ product varieties which are supplied to top automotive OEMs in Passenger vehicles, two/three three-wheelers, commercial vehicles, and off-highway vehicles spread over India and global markets. At present, the company has 8 manufacturing units across India ( Manesar, Coimbatore, Pune, Sricity, Satara, and Pantnagar), 1 manufacturing unit located in Indonesia, and 3 international offices in Dubai, Tokyo, and Singapore. The company has hude talented workforce of 5500, which works with passion to achieve goals. The logo of company shows strong relationship between stakeholders operating in a parallel way to develop strong value for each other.
The company is located at centre of Coimbatore, India. Pricol Ltd has occupied symbol of improvement in products within automotive segment. The company has deep experience and knowledge for over half a century. The company is ahead in modernizing automotive technology, consistently increasing boundaries to rebuild mobility through intelligent, safer, and durable solutions. Moreover, these innovations have not only increased operational capacity but also encouraged culture of consistent development within the organization. The company has delivered best efforts and attained top position by receiving huge recognition, including accolades such as “TOP 50 Innovative Companies” award from Confederation of Indian Industries (CII). Moreover, highlighting Pricol’s strong commitment to achieving business practices is taking measures in anticipating market demands and technological shifts. The company has wide variety of products and solutions which are created to propulsion-agnostic highlighting Pricol’s capacity to improve collaboration with international trends, developing strong leadership position in our specialised field.
The company has huge dedication to managing its business operations at best level, is marketed by top players in the industry, witnessed by various accolades from genuine customers, and by developing strong role as strategic distributor. The products of company are supplied to customers at global level and are supported by multiple ISO certifications, which shows strong commitment to managing best quality standards. The company delivers its products to eminent OEMs at national and international markets by earning huge recognition and trust. On average, 4% of revenue generated is invested in engineering and technology, and with support of two modern technology centres, Pricol remains ahead by managing stable expertise in engineering field.
The company smoothly interconnects modern products and solutions with huge investments in technology and improvement in products. The company not only takes part but also top player in the market by providing effective, connected, and genuine solutions for worldwide mobility segment. Pricol has entered into partnership with Heilongjiang Tianyouwei Electronics Co. Ltd (TYW) for modern technology in Driver Information System Solutions. The company is top player in automotive technology companies, made an announcement of technology and supply collaboration with Heilongjiang Tianyouwei Electronics Co Ltd, a company which has been incorporated under the People’s Republic of China for modern technologies in Driver Information System Solutions for Indian Vehicle makers among vehicle segments. The company has entered into cooperation agreement for Technology and distribution of parts and systems with TYW for latest technologies in Driver Information System Solutions.
Rodis, Sun Mobility, Numerous Motors, OKINAWA, hop, Hero electric
Revenue and net profit
Particulars
FY-24 (Rs in crores)
Sales
2,272
Expenses
1,986
EBITDA
285
Other income
1
Interest
18
Depreciation
82
Profit before tax
186
-Tax (%)
(24%)
Net profit
141
EPS in Rs
11.54
Balance Sheet (FY-24)
Liabilities
Rs
Assets
Rs
Equity Capital
12
Fixed Assets
632
Reserves
833
CWIP
38
Borrowings
61
Investments
6
Other Liabilities
529
Other assets
759
Total Liabilities
1435
Total assets
1435
Shareholding pattern (March 2025)
Promoters
38.51%
FIIs
16.26%
DIIs
15.66%
Public
29.57%
Pricol Ltd – Watch Full Video
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Pricol Ltd Share Price Target – 2025 to 2040
Year
Minimum price (Rs)
Average price (Rs)
Maximum price (Rs)
2025
437
461
485
2026
489
520
550
2027
558
599
640
2028
647
700
753
2029
757
822
886
2030
901
1123
1345
2035
1802
1913
2024
2040
2703
2914
3124
Pricol Ltd Share Price Target – 2025
If market observes downward sentiments, the minimum projected price is expected to hit Rs 437. The average trading price is projected to hit Rs 461 at the mid of the year. If market observes bullish signals, the maximum projected price is anticipated to reach Rs 485. In order to encourage growth, company is increasing its capabilities and also modernization and setting up manufacturing unit in North, West, and South India along with adding one greenfield plant in Pune. The company has made huge investment in developing new product and process engineering amounting to 4.5% of annual turnover with our negineering and technology group to provide best quality products.
Pricol Ltd Share Price Target – 2026
If market faces bearish signals, the minimum projected price is estimated to hit Rs 489. The average trading price is projected to hit Rs 520 at the mid of the year. If market observes bullish sentiments, the maximum forecasted price is expected to hit Rs at 550. The company has made strong commitment to provide capital on both volume and premiumisation opportunities within automotive sector taking benefit of strong growth indexes. Moreover, the company is actively looking avenues for inorganic growth to diversify our product basket and step into new regions to increase international presence.
Pricol Ltd Month-wise Share Price Target – 2026
Month
Average price (Rs)
January
495
February
500
March
550
April
505
May
510
June
489
July
495
August
530
September
535
October
538
November
543
December
497
Pricol Ltd Share Price Target – 2027
If market faces bearish sentiments, the minimum projected price is anticipated to reach Rs 558. The average trading price is projected to hit Rs 599 at the mid of the year. If market observes bullish sentiments, the maximum projected price is expected to touch Rs 640. The company systematically focuses on sustainable growth, interconnected with strong commitment to manage operations with best quality which helps to deliver long-term value to all stakeholders. The company is excited about best future and has confident in our skills to steer the complications of market, achieving huge success and buid long term value for shareholders.
Pricol Ltd Month-wise Share Price Target – 2027
Month
Average price (Rs)
January
561
February
559
March
558
April
565
May
568
June
640
July
575
August
585
September
592
October
612
November
625
December
634
Pricol Ltd Share Price Target – 2028
If market faces bearish sentiments, the minimum projected price is expected to touch Rs647. The average trading price is projected to hit Rs 700 at the mid of the year. If market observes bullish sentiments, the maximum forecasted price is estimated to hit Rs 753.
Pricol Ltd Month-wise Share Price Target – 2028
Month
Average price (Rs)
January
675
February
664
March
658
April
655
May
647
June
650
July
680
August
685
September
753
October
712
November
734
December
745
Pricol Ltd Share Price Target – 2029
If market observes downward sentiments, the minimum projected price is estimated to reach Rs 757. The average trading price is projected to hit Rs 822 at the mid of the year. If market observes bullish sentiments, the maximum forecasted price is expected to hit Rs 886.
Pricol Ltd Month-wise Share Price Target – 2029
Month
Average price (Rs)
January
757
February
760
March
765
April
886
May
768
June
779
July
785
August
805
September
814
October
824
November
843
December
863
Pricol Ltd Share Price Target – 2030
If market observes downward sentiments, the minimum projected price is expected to hit Rs 901 at the mid of the year. The average trading price is projected to hit Rs 1123 at the mid of the year. If market observes bullish sentiments, the maximum predicted price is estimated to touch Rs 1345.
Pricol Ltd Month-wise Share Price Target – 2030
Month
Average price (Rs)
January
910
February
915
March
901
April
924
May
934
June
1345
July
956
August
1125
September
1180
October
1234
November
1275
December
1326
Pricol Ltd Share Price Target – 2035
If market faces downward signals, the minimum projected price is estimated to hit Rs1802 at the mid of the year. The average trading price is projected to hit Rs 1913 at the mid of the year. If market observes bullish sentiments, the maximum forecasted price is expected to touch Rs 2024.
Pricol Ltd Month-wise Share Price Target – 2035
Month
Average price (Rs)
January
1810
February
1815
March
1834
April
1845
May
1802
June
1856
July
1867
August
1888
September
1915
October
1967
November
2024
December
2013
Pricol Ltd Share Price Target – 2040
If market observes downward sentiments, the minimum projected price is expected to hit Rs 2703. The average trading price is projected to hit Rs 2914 at the mid of the year. If market observes bullish sentiments, the maximum forecasted price is expected to touch Rs 3124.
FAQs
Q1) Who is the owner of Pricol Ltd?
Ans – The owner of Pricol Ltd is Mr Vijay Mohan and Vanitha Mohan who is Chairman of the company.
Q2) What does Pricol Ltd do?
Ans – The company is involved in manufacturing and selling of instrument clusters and other allied automobile components to OEMs and replacement markets.
Q3) What is the turnover of Pricol Ltd?
Ans – Theturnover of Pricol Ltd in FY-17 was Rs 1473 crores which has increased to Rs 2272 crores in FY-24.
Q4) Is Pricol Ltd a debt-free company?
Ans – Yes, Pricol Ltd is a debt-free company. The Long-term borrowing of company is Rs 0 and short-term borrowings is Rs 42 crores. The cash and bank balance is Rs 100 crores. The net-debt is almost negative.
Q5) What is the PE ratio of Pricol Ltd?
Ans – The PE ratio of Pricol Ltd is 30.8 times.
Q6) Who is CEO of Pricol Ltd?
Ans – The CEO of Pricol Ltd is Mr. P.M. Ganesh.
Q7) Is Pricol Ltd a good share to buy?
Ans –Yes,Pricol Ltd is a good share to buy for long-term purpose. The net profit of company in FY-17 was Rs 9 crores which has increased to Rs 141 crores in FY-24. The share price of company in FY-17 was Rs 96 which has increased to Rs 431 in FY-25 which has generated returns of almost 348.95% in past 8 years.
