PRICOLLTD

: Accelerating Growth Through Premiumisation, Electronics & EV Opportunities

: Accelerating Growth Through Premiumisation, Electronics & EV Opportunities** 🚗⚡ By Neha Gupta, Research Analyst Pricol Limited delivered a strong FY26, reporting **₹3,963.85 Cr revenue** and **₹480.94 Cr EBITDA**, up **45.95% YoY**, reflecting robust execution and improving profitability. As India's automotive industry moves toward electrification and connected mobility, Pricol is strengthening its position through localisation, electronics, and advanced manufacturing. **Key Growth Drivers** ✅ Premiumisation across vehicle segments ✅ Rising EV adoption ✅ Higher electronic content per vehicle ✅ Make in India localisation ✅ Stricter safety & emission norms **Execution Highlights** • Technology agreement for optical bonding of LCD & TFT displays in India • ₹148 Cr capitalised CapEx and ₹170 Cr added to CWIP during FY26 • CRISIL rating upgraded to **AA-/Stable** • Continued expansion into high-value electronic components **Governance** ✔ 63% Independent Directors ✔ Clean audit opinion ✔ Disciplined financial management ✔ Stable leadership team **Key Risks** ⚠ Commodity price volatility ⚠ Global supply chain disruptions ⚠ Currency fluctuations ⚠ Labour-related contingent liabilities ⚠ Related-party transaction monitoring **Conclusion** Pricol is well-positioned to benefit from India's automotive transformation driven by premiumisation, EV adoption, and increasing electronic content per vehicle. Continued investments in technology, localisation, and capacity expansion provide a strong foundation for long-term growth, though investors should monitor raw material costs, demand trends, and execution. *Educational purpose only. Not investment advice. Please do your own research.* #Pricol #EV #AutoComponents #StockMarket #FundamentalAnalysis #IndianStocks