Will Pricol’s Expanding OEM Portfolio Drive Its Next Phase of Growth in FY26?
About Pricol Ltd
Pricol Ltd is a leading automotive components manufacturer specializing in instrument clusters, sensors, and telematics systems. The company serves major two-wheeler, passenger vehicle, and commercial vehicle OEMs across India and global markets.
Pricol’s Q2 FY26 results reaffirm its position as a key player in automotive electronics, leveraging its strong OEM relationships and product innovation capabilities to drive sustainable growth.
Financial Highlights – Q2 FY26
| Metric | Q2 FY26 | YoY Change | QoQ Change |
|---|---|---|---|
| Revenue from Operations | ₹987.93 Cr | +12% | +6% |
| EBITDA | ₹123.35 Cr | +14% | +5% |
| EBITDA Margin | 12.49% | vs 12.1% | Stable |
| PAT | ₹63.99 Cr | +15% | +8% |
Revenue ₹987.93 Cr — led by growth in new EV and premium motorcycle clusters.
EBITDA Margin 12.49% — remains strong with improved cost structure and pricing discipline.
PAT ₹63.99 Cr — marks a consistent earnings trajectory, driven by rising OEM orders.
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Operational Highlights & New Launches
- New product launches include instrument clusters for Tata Motors’ Coral EV and Bajaj Pulsar 150/N160.
- TVS Motor launches include Orbiter and Ntorq Hybrid models featuring Pricol’s LCD + TFT displays.
- Focus on expanding premium product line across EV and hybrid models.
- Strong traction in exports, especially for two-wheeler and off-road vehicle clusters.
- Ongoing cost optimization to maintain double-digit EBITDA margins through FY26.
Pricol’s focus on premium and EV-linked segments ensures a robust demand pipeline, even amid cyclical auto fluctuations.
Strengths & Weaknesses
Strengths
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Weaknesses
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The company continues to strengthen global supply chain partnerships to mitigate concentration risks.
Opportunities & Threats
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Pricol’s strong client base and product diversification into digital and EV systems support steady long-term earnings growth.
Valuation & Investment View
- Short-term: Stable; strong Q2 order flow sustains revenue visibility.
- Medium-term: Positive; premium cluster and EV business expansion to lift margins.
- Long-term: Bullish; diversified OEM exposure ensures steady growth beyond FY27.
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Pricol’s consistent growth, focus on innovation, and expanding product mix position it well within India’s fast-evolving automotive ecosystem.
Investor Takeaway
Indian-Share-Tips.com Nifty Expert Gulshan Khera, CFP®, who is also a SEBI Registered Investment Adviser, notes that Pricol’s technology-led expansion and new OEM partnerships enhance long-term earnings visibility. Explore more such insights at Indian-Share-Tips.com, which is a SEBI Registered Advisory Services.
Related Queries on Pricol Ltd
- Can Pricol’s EV-Focused Portfolio Drive Margin Expansion?
- How Sustainable Is Pricol’s OEM-Driven Growth Strategy?
- Is Pricol a Strong Auto Ancillary Play for FY26–27?
SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.
