TickerSutra

NSE: RICOAUTO · BSE: 520008 · ISIN INE209B01025

Rico Auto Industries Limited stock analysis

Rico Auto Industries Limited ranks #3386 in the TickerSutra evidence-ranked universe with a score of 40/100 and 95% data confidence. The latest captured fundamentals show ROCE of 9.2%, quarterly sales growth of 38.9% and quarterly profit growth of -121.0%.
Complete evidence gate pass governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE40/100

Avoid / exit review

#3386 of 5,430 ranked equities
Market capitalisation₹1,787.52cr
ROCE9.2%
Quarterly sales growth38.9%
Quarterly profit growth-121.0%
P/E ratio49.9×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • Strong CFO/EBITDA of 1.45×
  • Institutional ownership is rising
  • CWIP indicates an active capacity pipeline
  • No promoter shares are reported as pledged

Risks and constraints

  • Debt/equity is above 0.5×
  • Valuation is above 40× earnings

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹1,860cr₹158cr₹24cr8.0%
2023₹2,302cr₹221cr₹51cr10.0%
2024₹2,160cr₹222cr₹39cr10.0%
2025₹2,212cr₹195cr₹21cr9.0%
2026₹2,478cr₹225cr₹52cr9.0%
TTM₹2,689cr₹204cr₹32cr8.0%
Debt / equity0.93×
CFO / EBITDA1.45×
Operating margin8.0%
Free cash flow₹33cr
Sales CAGR · 3Y2.5%
Profit CAGR · 3Y0.6%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

0 positive catalysts0 negative catalysts1 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Capacity commissioningHigh severity · 1 mention
Positive catalyst

We are actively working and discussing with our customers to pass through some of these costs. Our new plant at Hosur is progressing and as planned, is expected to do the commercial production in September 2026. This facility w ill support our hybrid and EV-related programs with the key OEMs.

Management confidenceModerate severity · 3 mentions
Constructive

Looking ahead, our revenue outlook remains unchanged, and we continue to work towards our previously stated target of around INR3,000 crores this year. We are confident we will be surpassing this and we will be achieving a revenue more than INR3,200 crores in FY 2027. While the current cost pressure and the timing of the customer settlements are likely to keep margins under pressure in the near term, our focus contin

Pricing commentaryLow severity · 2 mentions
Constructive

Arvind Kapur: Q2 PAT will be better. But Q3, we'll come back to normal because there would be no premium freights and there would be -- we would settle for the raw materials and also the price increases that we've demanded for the labor, etcetera, from the domestic suppliers as well as our overseas suppliers. So we have a certain figure, which we have not factored in at all at the moment, but that's quite a substanti

Margin guidanceLow severity · 1 mention
Watch

So now what is changing in the company? We have seen multiple changes, not only on the top line growth side, but on the margin guidance and on this 3x top line growth that you're talking about by 2030, then board level changes, then a lot of process optimization and back-to-back SAP implementation, then talking to customers for price increases. So can you just say what is something which is changing in the company ri

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

DIRECTOR & BUSINESS NETWORK

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