PRITIKAUTO - Pritika Auto
📢 Recent Corporate Announcements
Pritika Auto Industries has been declared the highest bidder for a 64-Kanal land and building property in Hoshiarpur, Punjab, through an e-auction conducted by the Official Liquidator. The total purchase price is approximately ₹6.22 Crores, and the site is earmarked for future manufacturing expansion. The company has already deposited ₹1.55 Crores (25% of the bid amount), with the remaining balance due within 60 days of court approval. This acquisition includes existing plant and machinery, which could potentially speed up the expansion process.
- Acquisition of 64 Kanals of land and building in Hoshiarpur for a total price of ₹6,21,75,073
- Company declared highest bidder by the Official Liquidator of the Punjab and Haryana High Court
- Total deposit of ₹1.55 Crores (25% of bid) already completed by the company
- Balance payment to be settled within 60 days following the approval of the bid by the Hon’ble High Court
Pritika Auto Industries reported a strong Q3 FY26 with consolidated revenue growing 40.64% YoY to ₹113.43 crore, driven by healthy demand from OEM customers. EBITDA for the quarter rose 37.01% to ₹18.34 crore, maintaining a healthy margin of 16.17%. While 9M FY26 PAT saw a slight decline of 5.36% to ₹18.43 crore, the company is targeting 20-25% revenue growth for the full fiscal year. Management is planning a strategic capital expenditure program to expand capacity and enter the Railways segment.
- Consolidated Q3 FY26 revenue increased by 40.64% YoY to ₹113.43 crore
- EBITDA for Q3 FY26 stood at ₹18.34 crore with a margin of 16.17%
- Targeting 20-25% revenue growth for FY26 driven by new high-value products and Railway entry
- Total installed capacity remains at 72,000 tons per annum across 5 plants
- 9M FY26 revenue reached ₹344.48 crore, a 34.97% increase over the previous year
Pritika Auto Industries reported a robust 40.64% YoY revenue growth to ₹113.43 crore for Q3 FY26, supported by a 41.10% increase in production volumes. However, on a sequential basis, revenue and PAT declined by 2.59% and 13.35% respectively, indicating some quarterly pressure. While 9M FY26 revenue is up 34.97%, 9M PAT has seen a slight decline of 5.36% YoY to ₹18.43 crore. The management is targeting 20-25% revenue growth for the full year FY26, backed by a strategic capex plan and entry into the Railways segment.
- Q3 FY26 Revenue grew 40.64% YoY to ₹113.43 crore; EBITDA rose 37.01% to ₹18.34 crore.
- Production volumes reached 13,160 tons in Q3 FY26, a 41.10% increase over Q3 FY25.
- 9M FY26 Revenue stands at ₹344.48 crore, though 9M PAT dipped 5.36% YoY to ₹18.43 crore.
- Management guidance for FY26 targets 20-25% revenue growth with a focus on product diversification.
- Strategic capex planned for capacity expansion and operational efficiency to drive long-term value.
Pritika Auto Industries Limited has issued a corrigendum to address a printing error in a regional newspaper advertisement. The mistake involved the incorrect spelling of the company's name in the Punjabi daily 'Rozana Spokesman' on February 10, 2026. This advertisement was related to the Un-Audited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 2025. This is a clerical correction and does not impact the financial data previously reported.
- Corrigendum issued for a printing mistake in the company name in a regional Punjabi newspaper.
- Relates to the financial results for the quarter and nine months ended December 31, 2025.
- Correction published in 'Rozana Spokesman' on February 10, 2026.
- The error was administrative and does not affect the reported financial figures or exchange filings.
Pritika Auto Industries reported a robust Q3 FY26 with standalone revenue rising 37% YoY to ₹110.38 crore and net profit increasing 35% to ₹4.06 crore. The company also approved a ₹34.50 crore corporate guarantee for its material subsidiary, Pritika Engineering Components Limited, to secure credit facilities from Bank of India. While quarterly performance is strong, the nine-month profit of ₹12.48 crore lags behind the previous year's ₹15.47 crore due to higher raw material and finance expenses. This guarantee increases the parent company's contingent liabilities but facilitates growth for its subsidiary.
- Standalone Q3 revenue increased 37.4% YoY to ₹110.38 crore from ₹80.35 crore.
- Net profit for the quarter grew 35.6% YoY to ₹4.06 crore compared to ₹2.99 crore in the same period last year.
- Approved a ₹34.50 crore corporate guarantee for material subsidiary Pritika Engineering Components Limited.
- Finance costs for the nine-month period rose significantly to ₹12.59 crore from ₹7.97 crore YoY.
- Total Comprehensive Income for 9M FY26 stands at ₹23.41 crore, supported by other comprehensive income items.
Pritika Auto Industries reported a strong year-on-year performance for Q3 FY26, with standalone revenue increasing 37.4% to ₹110.37 crore compared to ₹80.35 crore in the previous year. Net profit grew by 35.6% YoY to ₹4.06 crore, although it saw a slight sequential dip from Q2 FY26. The company also approved a corporate guarantee of ₹34.50 crore to support credit facilities for its material subsidiary, Pritika Engineering Components Limited. For the nine-month period ending December 2025, the company has already achieved revenue of ₹339.72 crore, nearly matching its entire FY25 performance.
- Standalone Revenue from Operations grew 37.4% YoY to ₹110.37 crore in Q3 FY26.
- Net Profit (PAT) increased 35.6% YoY to ₹4.06 crore from ₹2.99 crore in the same quarter last year.
- Profit Before Tax (PBT) showed a significant jump of 60.2% YoY, reaching ₹5.99 crore.
- Board approved a ₹34.50 crore corporate guarantee for material subsidiary Pritika Engineering Components Ltd.
- 9M FY26 revenue of ₹339.72 crore represents a 33.8% growth compared to 9M FY25.
Pritika Auto Industries Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Satellite Corporate Services Private Limited, covers the quarter ended December 31, 2025. It confirms that physical share certificates received for dematerialization were processed, cancelled, and the depository's name was updated in the records. This is a standard administrative filing ensuring the integrity of the company's shareholding data.
- Compliance certificate submitted for the quarter ended December 31, 2025.
- Issued by Registrar and Share Transfer Agent (RTA) Satellite Corporate Services Private Limited.
- Confirms that physical shares received for dematerialization have been mutilated and cancelled.
- Ensures the depository has been substituted in records as the registered owner.
Pritika Auto Industries Limited has received formal approval for the voluntary delisting of its equity shares from The Calcutta Stock Exchange Limited (CSE) effective December 26, 2025. This administrative move follows the company's initial request submitted on February 12, 2025. Importantly, the company's equity shares will continue to be listed and actively traded on both the National Stock Exchange of India (NSE) and BSE Limited. Such delistings from regional exchanges are common for companies looking to reduce redundant compliance costs without affecting shareholder liquidity.
- Voluntary delisting from The Calcutta Stock Exchange (CSE) effective December 26, 2025
- Approval granted by CSE on December 24, 2025, under SEBI Delisting Regulations 2021
- Equity shares remain listed on major national exchanges including NSE and BSE
- The delisting process was initiated by the company on February 12, 2025
Pritika Auto Industries Limited has announced the closure of its trading window starting January 1, 2026, in compliance with SEBI insider trading regulations. This closure is ahead of the declaration of financial results for the quarter ending December 31, 2025. The restriction applies to promoters, directors, and designated persons until 48 hours after the results are made public. The specific date for the board meeting to approve these results will be communicated separately.
- Trading window closure begins on January 1, 2026.
- Closure is for the purpose of declaring financial results for the quarter ending December 31, 2025.
- Window will reopen 48 hours after the official declaration of the quarterly results.
- Restriction applies to all promoters, directors, and designated persons of the company.
Financial Performance
Revenue Growth by Segment
Consolidated revenue from operations grew 35.76% YoY to INR 116.45 Cr in Q2 FY26. Standalone revenue grew 34.99% YoY to INR 115.63 Cr. For H1 FY26, consolidated net revenue reached INR 231.06 Cr, a 32.35% increase from INR 174.57 Cr in H1 FY25.
Geographic Revenue Split
The company is focused on geographical diversification across strategic locations in India and increasing export contributions, though specific regional percentage splits are not disclosed.
Profitability Margins
Consolidated Net Profit Margin stood at 5.32% in Q2 FY26, while Standalone Net Margin was 3.58%. Profit After Tax (PAT) for Q2 FY26 was INR 6.61 Cr, a 37.52% YoY increase.
EBITDA Margin
Consolidated EBITDA margin was 15.99% in Q2 FY26 (INR 18.61 Cr), growing 23.92% YoY. Standalone EBITDA margin was 10.91% (INR 12.62 Cr), up 28.94% YoY.
Capital Expenditure
Consolidated Property, Plant and Equipment (PPE) increased to INR 234.80 Cr as of Sept 30, 2025, from INR 220.37 Cr in March 2025, representing an investment of approximately INR 14.43 Cr in H1 FY26. Capital work in progress stands at INR 10.75 Cr.
Credit Rating & Borrowing
CARE Ratings upgraded the long-term bank facilities to CARE BBB; Stable from CARE BBB-; Stable. Total rated bank facilities were enhanced to INR 97.32 Cr from INR 70.32 Cr.
Operational Drivers
Raw Materials
Steel scrap, iron ore, and various alloys used for small forgings and castings, though specific cost percentages per material are not disclosed.
Import Sources
Primarily sourced from domestic suppliers within India to support manufacturing facilities in Mohali and other strategic locations.
Capacity Expansion
Current production volume for H1 FY26 reached 25,267 tons (up 23.89% YoY). The company is on course to achieve a target installed capacity of 1,00,000 tons.
Raw Material Costs
Raw material expenses are a significant component of the cost structure; the company notes susceptibility to price fluctuations which can compress margins due to low bargaining power with large OEMs.
Manufacturing Efficiency
Production volume grew 23.89% YoY in H1 FY26. Operational efficiency is cited as a key driver for the EBITDA margin improvement to 15.99%.
Strategic Growth
Expected Growth Rate
32-35%
Growth Strategy
Growth will be achieved through expanding to 1,00,000 tons capacity, increasing presence in the LCV segment (currently ~7% of volumes), geographical diversification within India, and dedicated capex for global OEM export markets.
Products & Services
Small forgings, tractor components, automotive castings, and value-added machined components for the agricultural and commercial vehicle industries.
Brand Portfolio
Pritika Auto Industries, Pritika Engineering Components Limited, Meeta Castings Limited.
New Products/Services
Focus on developing value-added products and expanding the product basket for the Light Commercial Vehicle (LCV) segment.
Market Expansion
Targeting expansion in geographically strategic locations in India and increasing export contributions to global OEMs.
Strategic Alliances
Pritika Auto Industries Ltd holds a 70.81% stake in Pritika Engineering Components Limited and operates Meeta Castings Limited as a step-down subsidiary.
External Factors
Industry Trends
Increasing agri-mechanization and rural infrastructure development are driving demand. The industry is shifting toward value-added machined components rather than raw castings.
Competitive Landscape
Faces competition from both domestic foundries and multinational forging firms; mitigated by high-quality standards and timely delivery.
Competitive Moat
Durable advantages include a 50-year track record, long-standing relationships with top-tier OEMs, and integrated manufacturing capabilities from forging to machining.
Macro Economic Sensitivity
High sensitivity to agricultural GDP growth and the cyclical nature of the Indian tractor and commercial vehicle industries.
Consumer Behavior
Shift toward higher horsepower tractors and increased demand for LCVs for last-mile rural connectivity.
Geopolitical Risks
Trade barriers or global economic volatility could impact the company's strategy to increase export revenue from global OEMs.
Regulatory & Governance
Industry Regulations
Adherence to manufacturing standards required by global OEMs and environmental norms for foundry operations.
Taxation Policy Impact
Consolidated current tax liabilities (net) were INR 2.21 Cr as of Sept 30, 2025.
Legal Contingencies
The company employs rigorous procedures for assessing legal risks in contracts and incorporates stringent terms to limit liabilities; no specific pending litigation values were disclosed.
Risk Analysis
Key Uncertainties
Dependence on monsoon patterns for tractor demand and volatility in raw material prices which could impact margins by 5-10%.
Geographic Concentration Risk
Revenue is primarily concentrated in India, with a strategic push to diversify into export markets.
Third Party Dependencies
High dependency on a limited number of large OEM clients for the majority of order inflows.
Technology Obsolescence Risk
Risk of technological shifts in the automotive sector (e.g., electrification) potentially rendering some traditional engine/transmission components outdated.
Credit & Counterparty Risk
Credit risk is managed through a formal credit policy and thorough research on client financial health; consolidated trade receivables are monitored to ensure timely payment.